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Channel address: @bitcoin_ethereum_altcoins
Categories: Cryptocurrencies
Language: English
Subscribers: 547,892 (Update date: 2022-06-24)
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5⭐️ rated Crypto content and updates 🏅
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The latest Messages

2022-06-23 12:05:04
Crypto brokerage FalconX raises $150M at $8B valuation

the ongoing bearish trend in cryptocurrency markets, venture capital firms continue pouring capital into major industry players like FalconX. FalconX, the institutional-level digital asset platform and crypto brokerage, has raised $150 million in fresh funding as part of its Series D financing round.

Completed in early June, the funding round values FalconX at $8 billion, more than doubling from its previous Series C-round valuation of $3.75 billion in August 2021, the firm announced to Cointelegraph on Wednesday. The firm has now raised more than $430 million in total. FalconX’s latest investment round was led by the Singaporean sovereign wealth fund GIC and Facebook’s Eduardo Saverin-backed B Capital Group. Other investors included prominent industry investors and VC firms like Tiger Global Management, Adams Street and Thoma Bravo.


180.5K views09:05
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2022-06-22 12:33:02
FTX Pulls Out of Los Angeles Angels MLB Deal As Crypto Winter Bites

Cryptocurrency exchange FTX has withdrawn from talks to offer a jersey patch to the MLB outfit Los Angeles Angels, according to a New York Post report citing sources with direct knowledge of the negotiations.Decrypt reached out to FTX for comment, and will update this article should the company respond.

FTX, which first entered the sports industry in April last year with a 19-year $135 million deal with the NBA’s Miami Heat to rename the team’s home venue to FTX Arena, signed a sponsorship deal with the Wizards—as well as with the NHL’s Washington Capitals—in December. Last year, the crypto derivatives exchange also partnered with Warriors star Stephen Curry, an avid NFT collector and creator himself.


175.2K views09:33
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2022-06-22 10:53:39 Bitcoin | Ethereum | Altcoin pinned a photo
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2022-06-22 10:53:36
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139.7K views07:53
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2022-06-21 12:10:26
Tether to undertake full audit by top 12 firm for transparency over USDT reserves

A business called MHA provides attestations of its reserves, and Tether is working on a comprehensive audit – something other stable currencies also lack, according to Tether’s chief technology officer (CTO) Paolo Ardoino in an interview with Euromoney.

Short sellers have so far merely proven that the stablecoin can keep a one-to-one peg to the dollar. Tether’s value temporarily dropped below 95 cents on certain cryptocurrency exchanges in May, as the value of a competing stablecoin known as TerraUSD (USDT) and its sister token LUNA plummeted.The ensuing dollar redemptions are compared by Ardoino to bank runs that occurred in the past.


159.7K views09:10
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2022-06-19 06:28:02
Terra’s Do Kwon Shares Thoughts Amid Crypto Market Bloodbath

and CEO at Terra – Do Kwon – posted for the first time in the past week following a massive market downturn where major cryptocurrencies are all down double-digits.

Do Kwon is the man behind the Terra Ecosystem – once a multi-billion dollar project that was run to $0 because of an algorithmic exploit that enabled traders to literally run LUNA’s price to zero in a matter of days. This wiped tens of billions of capital and unraveled a chain of events that later turned out to be devastating for the entire industry. Popular for his snarky remarks along the lines of “your size is not size,” Kwon broke a 6-day silence hours ago with a thread of Tweets.


166.9K views03:28
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2022-06-18 12:32:02
Kazakhstan Will Now Allow Crypto Exchanges To Have Their Bank Accounts

As mentioned above, reportedly, there was a special working group that formulated these guidelines that will be adhered by the crypto exchanges and the banks.

It also mentions that the partnership between the crypto exchange and second-tier banks will give the exchanges license that will allow them to handle digital assets or cryptocurrencies. World's largest crypto exchange, Binance had helped Kazakhstan take its initial step at developing and formulating digital asset regulations.


151.4K views09:32
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2022-06-18 09:52:40 ⚠️ Insights and Breaking News on Bitcoin and the whole ecosystem.

159.2K views06:52
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2022-06-17 12:54:02
Tron Falls Sharply As Sun Scrambles To Save Stablecoin

price momentum faded over the weekend, and the price has dropped by more than 40% since then. The cryptocurrency is presently having difficulty gaining traction. TRX has dropped 19% and is now trading at $0.05, its lowest level in 15 months. In the last 24 hours, the token has also been the worst performer among the top 50 cryptocurrencies.

The token’s weakness follows the loss of the USDD algorithmic stablecoin’s dollar peg, despite founder Justin Sun’s repeated efforts to keep the peg. Fear began as soon as the USDD’s 1:1 peg to the dollar was lost. TRX hasn’t been able to reverse the downward trend since then, plummeting by more than 40% in less than a week. TRX may face tremendous sell pressure to close the gap as long as USDD is below one dollar.


165.1K views09:54
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2022-06-16 12:03:02
SEC Chair Gary Gensler Claims Lummis-Gillibrand Crypto Bill Undermines TradFi

and Exchange Commission (SEC) Chairman Gary Gensler expressed concerns on June 14 that the new crypto legislation could undermine existing broader market regulations. The reaction was expected from the policymaker who has been fighting hard for his agency to control crypto and treat the majority of assets the same as securities.

The new regulations bill was introduced on June 7 by Senators Cynthia Lummis and Kirsten Gillibrand, proposing to make the CFTC the industry’s primary regulator. This has been supported by industry executives and pro-innovation policymakers as it would result in many assets being classified as commodities such as gold rather than securities such as company stocks. Speaking at the Wall Street Journal’s CFO Network Summit this week, Gensler said crypto should effectively be treated the same as traditional banking and finance markets.


56.3K views09:03
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