SmartMoney_BusinessNews

2022-06-14 17:17:18 Seth Green paid $286,000 to get his BAYC token back

The American actor bought back the NFT stolen from him in May 2022 from the Bored Ape Yacht Club collection. He was the victim of a fishing attack in early May, after which four NFTs were lost, including BAYC #8398.

The monkey was then sold to user DarkWing84 for 106.5 ETH (~$271,400 at the time). Green threatened DarkWing84 with a lawsuit, after which the parties agreed to return the asset.

According to the service Etherscan, Seth Green transferred 165 ETH (approximately $286,000 at the time of writing) to DarkWing84 Open / Comment

2022-06-14 17:17:18 Cryptocurrency market capitalization fell below $1 trillion yesterday for the first time since January 2021.

Bitcoin is now worth $24,800, Ethereum fell below $1,300, and many altcoins lost 15%-20% overnight. Open / Comment

2022-06-14 17:17:14 Circle has signed an agreement to acquire Cybavo

Circle - the company behind USD Coin Stablecoin (USDC) has finally signed an agreement to buy cryptocurrency startup Cybavo, focused on institutional clients and offering a range of services, including cryptocurrency storage and staking.

According to Circle CEO Jeremy Allaire, the acquisition means the company will significantly expand its technology capabilities.

Financial details of the deal were not disclosed. Open / Comment

2022-06-14 17:17:13 Edward Snowden urged to use cryptocurrencies as a means of payment

Former CIA and NSA officer Edward Snowden at the Consensus 2022 conference called for the use of cryptocurrencies not as an investment tool, but as a means of payment.

"I use bitcoin to use it. In 2013, bitcoin is what I used to pay for the servers pseudonymously. Generally I don’t encourage people to put their money in cryptocurrencies as a technology and this is what distances me from a lot of people in the community," Snowden said. Open / Comment

2022-06-14 17:17:13 OpenSea announces new security features to protect users from NFT scams

https://opensea.io/blog/announcements/hiding-suspicious-nft-transfers-on-opensea/

Find all NFT-related news in @CCC_NFT Open / Comment

2022-06-14 17:17:13 Interest Rate: Great or Hate

This coming FOMC meeting on June 15 is crucial and here’s why:

The Federal Open Market Committee (FOMC) sets the federal funds rate
A change in interest rate impacts both the economy and the stock markets because borrowing becomes either more or less expensive for individuals and businesses
Higher interest rates tend to negatively affect earnings and stock prices with the exception of the financial sector

Importance: The stock market is correlated to the crypto market

Here’s a guide to simplify things:
Rates , Stock market
Rates , Stock market

Note: There is no guarantee as to how the market will react to any given interest rate change

Expectations: The FED is expected to raise interest rates by 0.75% this coming FOMC meeting

Possibility: It’s also possible that the increase in rates are already priced in given that there is a high probability of the FED increasing the rates due to the recent inflation data Open / Comment

2022-06-14 17:17:12 BREAKING: @coinbase plans to layoff 18% of its workforce due to the crash in #crypto prices $COIN. @Kr00ney reports:

https://www.twitter.com/SquawkCNBC/status/1536685455437078531 Open / Comment

2022-06-14 11:22:47 Where Most NFT Users Live

Non-fungible tokens, or NFTs, gained significant traction among certain East and Southeast Asian countries in 2021, including Thailand, China and Vietnam, according to the Statista Digital Economy Compass 2022.

As our chart shows, Thailand took the lead as the country with the highest number of NFT users in the world in 2021, with a total of 5.65 million users

Financial experts, however, warn against over relying on NFTs, as there is little basis for their valuation since they are bought and sold based on speculation and hype

https://t.me/SmartMoney_BusinessNews Open / Comment

2022-06-14 11:15:09 Where Most NFT Users Live

Non-fungible tokens, or NFTs, gained significant traction among certain East and Southeast Asian countries in 2021, including Thailand, China and Vietnam, according to the Statista Digital Economy Compass 2022.

As our chart shows, Thailand took the lead as the country with the highest number of NFT users in the world in 2021, with a total of 5.65 million users

Financial experts, however, warn against over relying on NFTs, as there is little basis for their valuation since they are bought and sold based on speculation and hype

https://t.me/SmartMoney_BusinessNews Open / Comment

2022-06-14 11:09:13 Where Most NFT Users Live

Non-fungible tokens, or NFTs, gained significant traction among certain East and Southeast Asian countries in 2021, including Thailand, China and Vietnam, according to the Statista Digital Economy Compass 2022.

As our chart shows, Thailand took the lead as the country with the highest number of NFT users in the world in 2021, with a total of 5.65 million users

Financial experts, however, warn against over relying on NFTs, as there is little basis for their valuation since they are bought and sold based on speculation and hype

https://t.me/SmartMoney_BusinessNews Open / Comment