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On 21 June, the price of the second most capitalised cryptocurrency fell below $2000, momentarily hitting $1950 (Bitstamp).At the time of publication, Ethereum quotations had fallen to the $1984 level. The average gas price is 21 Gwei. Earlier, the bitcoin price had fallen below $34,000. The flagship is currently trading at $32,600 (Bitstamp).As a reminder, …
Tether (USDT) supply remains at $64.4bn from 2-21 June, a dynamic that reflects the lack of customer demand for the stablcoin. In an interview with The Block, Tether CTO Paolo Ardoino said that the current situation is due to declining open interest in the bitcoin futures market.USDT is the main staple on most derivatives exchanges, …
Minneapolis Federal Reserve President Neil Kashkari called the meme cryptocurrency Dogecoin a Ponzi scheme in comments to a LinkedIn poll by Coinbase chief legal officer Paul Grewal about the correct pronunciation of the name of the DOGE token.More than half (57%) of the 1,000 respondents chose the established variant – Do-j [doj]. Twenty-two percent voted …
The first cryptocurrency fell below the $34,000 level on Monday, 21 June. The asset has fallen 8.1 per cent in the past 24 hours, according to CoinGecko. At the time of writing, bitcoin is near $33,100. The price of the second most capitalised cryptocurrency reached $2030 (-8.1% overnight). BTC’s dominance index is 43.5% and Ethereum’s …
Goldfinch’s DeFi-protocol team, which provides collateral-free crypto-loans, has closed an $11m Series A funding round, led by Andreessen Horowitz (a16z). We’re thrilled to announce 1.) We have raised $11M led by @a16z crypto, 2.) We’re announcing our Backer Program, and 3.) We can now point to the whitepaper that serves as the basis for the …
Nanny Ventures analyst Vladimir Kavetsky talks about the current market situation.The BTC/USDT weekly candlestick closed positively with an excellent bounce on Sunday, although there were earlier signals in favour of a decline. Elon Musk contributed to this. The price broke through the flat-bottomed triangle and managed to consolidate above $39,000. As of this week, the …
Bitcoin has no value, but stabelcoin could have a niche in the financial system. Andrew Bailey, governor of the Bank of England, said.The governor noted the dangers posed by decentralised assets such as Bitcoin, as well as interest in Stablecoin and national digital currencies (CBDCs). “Stable coins have collateral. Bitcoin doesn’t have it, it’s not …
US House of Representatives Financial Services Committee Chairwoman Maxine Waters has set up a new working group on cryptocurrencies. The congresswoman announced this at a hearing on central banks’ digital currencies.Waters expressed concern about the growth of digital assets: “I have set up a working group of Democrats [US Democratic Party representatives] to engage with …
Startup Umee, which is developing a ‘bridge’ between DeFi projects in various blockchains, has closed a $6.3m seed funding round, led by Polychain Capital. 1/6 We are pleased to announce: Umee has raised a $6.3MM seed round for creating a Cross Chain DeFi Hub! The round was led by @polychain with participation from @IDEOVC,@AlamedaResearch,@cmsholdings, @BKBrianKelly,@coinbase,@Consensys, …