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Weekly News

After record growth, VC crypto investments decline 38% in May

  • Post author:admin
  • Post published:June 3, 2022
  • Post category:Weekly overview

Venture capital investments in the crypto industry have almost doubled since last year, but are down 38.2% down since April. This short-term decline in investments can be correlated to the…

Continue ReadingAfter record growth, VC crypto investments decline 38% in May

3 key indicators traders use to determine when altcoin season begins

  • Post author:admin
  • Post published:June 3, 2022
  • Post category:Weekly overview

Clever traders frequently use these three indicators to pinpoint when an altcoin season could begin. It's widely accepted that the fate of the cryptocurrency market depends largely on the performance…

Continue Reading3 key indicators traders use to determine when altcoin season begins

CFTC sues Gemini claiming crypto exchange lied in futures contract evaluation

  • Post author:admin
  • Post published:June 3, 2022
  • Post category:Weekly overview

The agency says the exchange gave false information in person and in documents in its 2017 bid to be among the first to offer Bitcoin futures contracts. The United States…

Continue ReadingCFTC sues Gemini claiming crypto exchange lied in futures contract evaluation

Balancer launches on Ethereum L2 network Optimism

  • Post author:admin
  • Post published:June 3, 2022
  • Post category:Weekly overview

There are currently 38 projects deployed on the Ethereum layer-2 network. More are expected as attention shifts to scalability. Automated market maker and decentralized finance (DeFi) protocol Balancer has officially…

Continue ReadingBalancer launches on Ethereum L2 network Optimism

$32K Bitcoin price could turn the tides in Friday’s $160M BTC options expiry

  • Post author:admin
  • Post published:June 3, 2022
  • Post category:Weekly overview

BTC price lost the momentum that had pushed it to $32,300 on May 31, but this week’s option expiry could help bulls recapture the key price level. Twenty-three agonizing days…

Continue Reading$32K Bitcoin price could turn the tides in Friday’s $160M BTC options expiry

These are the least ‘stable’ stablecoins not named TerraUSD

  • Post author:admin
  • Post published:June 3, 2022
  • Post category:Weekly overview

Some stablecoins have failed to deliver the dollar's stability to crypto traders long before TerraUSD's collapse. The recent collapse of the once third-largest stablecoin, TerraUSD (UST), has raised questions about…

Continue ReadingThese are the least ‘stable’ stablecoins not named TerraUSD

Major crypto firms reportedly cut up to 10% of staff amid bear market

  • Post author:admin
  • Post published:June 3, 2022
  • Post category:Weekly overview

Previous crypto bear markets triggered much bigger layoffs, with some firms like ConsenSys reportedly firing up to 60% of its workforce in 2018. Gemini, a cryptocurrency trading platform founded by…

Continue ReadingMajor crypto firms reportedly cut up to 10% of staff amid bear market
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