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Weekly overview

Crypto markets need to hit ‘total panic’ before revival: Kevin O’Leary

  • Post author:admin
  • Post published:July 15, 2022
  • Post category:Weekly overview

The millionaire investor thinks that the market bottom will be marked by “total panic,” at which point weak companies with “idiot managers” will be weeded out and the industry can…

Continue ReadingCrypto markets need to hit ‘total panic’ before revival: Kevin O’Leary

OpenSea lays off 20% of its staff, citing ‘crypto winter’

  • Post author:admin
  • Post published:July 15, 2022
  • Post category:Weekly overview

The bear market in Bitcoin and altcoins has had a negative impact on staffing levels at major crypto companies, including exchanges, lending platforms and marketplaces. Nonfungible token (NFT) marketplace OpenSea…

Continue ReadingOpenSea lays off 20% of its staff, citing ‘crypto winter’

Circle discloses full breakdown of $55.7B USDC reserves

  • Post author:admin
  • Post published:July 15, 2022
  • Post category:Weekly overview

As of June 30, about 75.6% of Circle’s reserves were held in U.S. Treasuries and 24.4% were held in cash at regulated financial institutions. Circle Internet Financial has released a…

Continue ReadingCircle discloses full breakdown of $55.7B USDC reserves

CleanSpark scoops up 1K+ mining rigs at ‘substantially discounted price’

  • Post author:admin
  • Post published:July 15, 2022
  • Post category:Weekly overview

“We are seeing unprecedented opportunities in this market,” said CleanSpark president and CEO Zach Bradford. Crypto mining firm CleanSpark announced the purchase of more than 1,000 Bitcoin miners amid the…

Continue ReadingCleanSpark scoops up 1K+ mining rigs at ‘substantially discounted price’

3 reasons why Polygon (MATIC) is up 100%+ during a bear market

  • Post author:admin
  • Post published:July 15, 2022
  • Post category:Weekly overview

Steady adoption and internal growth back MATIC’s 118% gain, even as most altcoins struggle to hold on to their short-term gains. Unlike bull markets where traders can basically throw a…

Continue Reading3 reasons why Polygon (MATIC) is up 100%+ during a bear market

CFTC labels 34 crypto and forex firms as unregistered foreign entities

  • Post author:admin
  • Post published:July 15, 2022
  • Post category:Weekly overview

"Customers engaged in transactions with these entities may not receive the benefit of the customer protections, safeguards, and guardrails,” said CFTC commissioner Kristin Johnson. The United States Commodity Futures Trading…

Continue ReadingCFTC labels 34 crypto and forex firms as unregistered foreign entities

UK’s government-backed Millicent Labs demos a retail full-reserve digital currency

  • Post author:admin
  • Post published:July 15, 2022
  • Post category:Weekly overview

The issuer says the currency avoids pitfalls of central bank digital currency and stablecoins while bridging blockchain and traditional financial technology. A sandbox test of a retail full-reserve digital currency…

Continue ReadingUK’s government-backed Millicent Labs demos a retail full-reserve digital currency
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