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"Everyone and their mother made a porn token last year," Ben Fraden, chief business officer of Vicewrld DAO, a Web3 adult entertainment organization, said. He said he was aware of around 80 porn tokens, some of which, such as TABOO, had market caps of more than $400 million. Original Source
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Moreover, issues with liquidity hit funds and lenders that bought into Terra’s network. Crypto hedge fund Three Arrows Capital, for example, lost over $200 million with its investment in TerraUSD. Similarly, crypto broker Celsius Network, which has filed for Chapter 11 bankruptcy, blamed its liquidity issues to the “domino effect”
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“Based on the information you provided in your letter, we conducted a thorough search of the SEC’s various systems of records, but did not locate or identify any information responsive to your request,” an SEC FOIA officer wrote in the commission’s response to CoinDesk. Original Source
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Against the backdrop of the price of bitcoin dropping from $30,249 on June 9 to $20,722 by Monday afternoon, the responses about how workers were paid may indicate that crypto workers can tolerate price volatility, even in their pay. Nearly a quarter of respondents, or 23%, had the choice of
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According to research released by Bank of America (BAC) on Tuesday, following its Web3 & Digital Assets Day Conference last week, investor interest in the industry has not been affected by worries of a so-called "crypto winter." According to the report, discussions with some of the 160 clients who attended
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A Glassnode analyst suggests that the collapse of the UST token has triggered a change in investors' stablecoin preferences; cryptos tick higher in Tuesday trading. Original Source
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"ASCI has a specific guideline on celebrities. Plus, there is a clause in the crypto guidelines as well. We have always maintained that celebrities need to do their due diligence on the claims they endorse. And the Consumer Protection Act, too, lays down penalties for endorsers in case the [ad]
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Bitcoin continues its uptrend leaving bears in disbelief. The first crypto by market cap got back in the green after a short squeeze brought it back from the underworld in the low $30,000s. Related Reading | TA: Why Bitcoin is At Risk of Drop Below $42,500 In Short-term As of press time,
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Purpose Investments CEO Som Seif, speaking on CryptoX TV, said there have been measurable improvements made to the infrastructure supporting the crypto economy. In fact, he thinks it would have been a mistake three years ago if regulators had approved a bitcoin exchange-traded fund when his firm first floated an
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In a fragmented global market, price quotes are all over the place. That’s why CryptoX created the Bitcoin Price Index (BPI). The current debate over what exactly is the all-time-high price of the leading cryptocurrency shows how a sector that is all about decentralization has difficulty coming up with a
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