Ether, Cardano Lead Steep Crypto Slide Amid Dollar Strength
Some analysts said impending monetary tightening could add to a global rout across major asset classes, including equities and crypto. Source
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Saudi Arabia’s Central Bank Hires Virtual Assets and Digital Currency Program Lead – Regulation Bitcoin News
The Saudi Arabian central bank has reportedly appointed Mohsen Al Zahrani as the lead of the bank’s virtual assets and digital currency project. The emergence of the United Arab Emirates (UAE) as the regional crypto hub is believed to have forced authorities in Saudi Arabia to consider formally regulating cryptocurrencies.
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EU’s MiCA Crypto Law Text Ready Within 6 Weeks, Lead Lawmaker Says
Lawmakers and governments had reached agreement on the main outline of the legislation, which requires crypto asset providers to register with regulators in to offer services across the bloc, on June 30. But in the absence of a final legal text there is still considerable uncertainty on the law's finer
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Singapore State Investor Temasek to Lead $100M Funding Round in Animoca Brands: Report
Singapore's state investment fund Temasek, one of the world's largest investors, is to lead a $100 million funding round into non-fungible token (NFT) and metaverse investor Animoca Brands, Bloomberg reported Monday. Source
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Most crypto “still junk”, JPMorgan’s blockchain lead claims
Excluding a few dozen tokens, most cryptocurrencies are bound to “go away,” according to Umar Farooq, Chief Executive Officer of JPMorgan’s blockchain unit.See related article: Singapore’s MAS says needs to do better job explaining crypto policyFast facts“Most of crypto is still junk,” he said at the Monetary Authority of Singapore’s
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Ethereum Co-Founder Vitalik Buterin Downplays Ethereum PoW Fork, Hopes It ‘Doesn’t Lead to People Losing Money’ – Bitcoin News
Ethereum co-founder Vitalik Buterin recently discussed what he thinks about the recent Ethereum proof-of-work (PoW) fork topic that’s been finding its way into a number of conversations within the crypto community. Buterin remarked at the ETH-Seoul conference over the weekend, that he believes the people introducing the forked token concept
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BNB, Solana Lead Gains in Majors; Traders Point to Dollar Strength for Further Upside
Not everyone is convinced of the upside, however. “Until the economy breaks either up or down not much is going to happen,” opined Chris Terry, vice president at crypto lending platform SmartFi. “We anticipate that bitcoin will continue to trade in this tight range of $20,000 plus or minus 10-15%.” Source
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Ether, Solana Lead Losses Among Major Cryptos, Analysts See Further Declines After Fed Rate Hikes
No clear buy signal emerged for bitcoin and a poor macroeconomic situation still dominates, one analyst said. Source
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Dogecoin, Bitcoin Lead Recovery Among Majors, But Some Analysts Warn of Selling Pressure
Despite the gains over the past few days, some warned that investing in cryptocurrencies remains a “risky business.” Source
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A16z, Variant Lead $18M Round for Lending Protocol Morpho Labs
The protocol enhances existing lending protocols like Compound and Aave with peer-to-peer liquidity. Source
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