Tag: Cryptoslate
Blockchain
Bitcoin ETFs rebound with $100.8M in inflows
Bitcoin ETFs saw a significant turnaround on June 12, recording a $1008 million inflow This marks a notable recovery from two consecutive days of outflows While inflows exceeding $100 million
Blockchain
MicroStrategy issues $500M in convertible notes to buy more Bitcoin
MicroStrategy is set to offer $500 million in convertible senior notes due in 2032 to finance more Bitcoin acquisitions This private offering targets qualified institutional buyers and seeks to
Blockchain
Texas wants to use bitcoin miners for grid stability as power demand soars
The Electricity Reliability Council of Texas (ERCOT) is considering integrating Bitcoin miners as Controllable Load Resources (CLRs) to enhance grid stability During a Texas Senate Business &
Blockchain
Curve founder hit with $27M liquidation as CRV drops to historic low
Michael Egorov, founder of Curve Finance, faced liquidation earlier today after the CRV token plummeted to an all-time low of $0219 $27 million liquidated On-chain analyst EmberCN reported that
Blockchain
Paxos cuts 20% of workforce amid strong financials due to ‘de-prioritizing adjacencies’
Stablecoin issuer Paxos downsized its workforce by 20% despite robust finances and optimistic growth projections in the stablecoin market, Bloomberg reported on June 12 In an email that notified
Blockchain
Biden administration in talks to accept crypto donations as it becomes increasingly important voter issue
President Joe Biden’s re-election campaign is exploring the option of accepting cryptocurrency donations through Coinbase Commerce, The Block reported on June 12, citing sources familiar with
Blockchain
Bubblemaps alleges insider trading in memecoins promoted by Andrew Tate, Iggy Azalea
Bubblemaps, a blockchain analytics platform, recently reported allegations of significant insider trading activity in the memecoin projects recently promoted by Andrew Tate and Iggy Azalea The
Blockchain
US court issues final judgement against Terraform Labs, Do Kwon, imposes $4.5 billion in fines
The US District Court for the Southern District of New York has issued a final judgment against Terraform Labs and its co-founder Do Kwon, in the high-profile case filed by the Securities and
Blockchain
Coinbase raises concerns over declining crypto talent in US despite uptick in corporate interest
The growing involvement of America’s top public companies in blockchain technology has intensified calls for clear regulatory guidelines to retain crypto developers and talent within the US
Blockchain
Tether to reveal new product line as part of $1 billion investment strategy
Tether CEO Paolo Ardoino revealed that the company would launch a new class of digital asset products on June 17 He wrote on social media platform X: “After a year of hard work, Tether will
Blockchain
Zimbabwe launches study to map and regulate crypto industry
The Zimbabwean government has initiated a study to develop regulations for the virtual asset industry On June 12, the Zimbabwe Mail reported that the government had established a committee to collect
Blockchain
Bitcoin’s liquid supply decreasing while illiquid confidence grows
Bitcoin’s liquid and illiquid supplies are very interesting and useful metrics for understanding market trends Liquid supply refers to the amount of Bitcoin readily available for trading,
