The Fed recognized cryptocurrencies as a popular investment vehicle
The Fed published a report on the economic well-being of households for the year 2021. For the first time it included digital assets as an investment instrument. Moreover, the agency recognized their popularity.
According to the report, 29% of crypto investors in the U.S. earned about $50,000 from their portfolio last year. At the same time, 46% earned more than $100,000.
Digital assets were used as an investment vehicle by 11% of Americans. 2% of respondents paid with cryptocurrencies for purchases, and only 1% sent it as a gift to family and friends.
The Fed published a report on the economic well-being of households for the year 2021. For the first time it included digital assets as an investment instrument. Moreover, the agency recognized their popularity.
According to the report, 29% of crypto investors in the U.S. earned about $50,000 from their portfolio last year. At the same time, 46% earned more than $100,000.
Digital assets were used as an investment vehicle by 11% of Americans. 2% of respondents paid with cryptocurrencies for purchases, and only 1% sent it as a gift to family and friends.
FTX quietly buys brokerage startups before going public
The company is showing interest in industry startups, probing the ground before entering the stock market.
That's what CNBS reported, citing an anonymous source. According to his information, FTX has already begun talks with at least three firms involved in stock trading.
The terms and final amount are not yet known. According to the source, it is still a tentative agreement without specifics. According to unconfirmed reports, they are Webull, Apex Clearing and Public.com.
The company is showing interest in industry startups, probing the ground before entering the stock market.
That's what CNBS reported, citing an anonymous source. According to his information, FTX has already begun talks with at least three firms involved in stock trading.
The terms and final amount are not yet known. According to the source, it is still a tentative agreement without specifics. According to unconfirmed reports, they are Webull, Apex Clearing and Public.com.
🇺🇸 Sam Bankman-Fried, founder of the crypto exchange FTX, is ready to spend up to $1 billion on the presidential election in 2024 - the billionaire is ready to fund any candidate to oppose Donald Trump.
Around the same time, it became known that $1 billion USDT had been transferred from the Alameda Research (FTX) wallet to the U.S. Democratic Party National Committee.
When "crypto is out of politics"
Around the same time, it became known that $1 billion USDT had been transferred from the Alameda Research (FTX) wallet to the U.S. Democratic Party National Committee.
When "crypto is out of politics"
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Binance to support the new Terra 2.0 coin
In their tweet, Binance representatives wrote:
"We are working closely with the team on a recovery plan, aiming to provide impacted users with the best possible treatment."
The distribution of new tokens is designed mainly for LUNA holders before the collapse, with small holders being a priority.
Other exchanges ready to support Terra 2.0 include HitBTC, Huobi and Upbit.
Notably, Upbit is the only South Korean exchange to announce the listing of the new coin.
Upbit, Coinone, Cobit, Bithumb and Gopax distanced themselves from Terra and offered Do Kwon to go through standard listing procedures.
Their concerns stem from the fact that Kwon and his company Terraform Labs are under investigation and are highly likely to be accused of embezzling investor funds.
In their tweet, Binance representatives wrote:
"We are working closely with the team on a recovery plan, aiming to provide impacted users with the best possible treatment."
The distribution of new tokens is designed mainly for LUNA holders before the collapse, with small holders being a priority.
Other exchanges ready to support Terra 2.0 include HitBTC, Huobi and Upbit.
Notably, Upbit is the only South Korean exchange to announce the listing of the new coin.
Upbit, Coinone, Cobit, Bithumb and Gopax distanced themselves from Terra and offered Do Kwon to go through standard listing procedures.
Their concerns stem from the fact that Kwon and his company Terraform Labs are under investigation and are highly likely to be accused of embezzling investor funds.
💳MetaMask integrates Coinbase Pay
As it became known, in the coming weeks, MetaMask plans to integrate Coinbase Pay service into its product.
Thanks to this partnership, users will be able to top up their wallet, directly, via credit or debit card.
Well, that’s already a level! Infrastructure develops, crypto lives👍
As it became known, in the coming weeks, MetaMask plans to integrate Coinbase Pay service into its product.
Thanks to this partnership, users will be able to top up their wallet, directly, via credit or debit card.
Well, that’s already a level! Infrastructure develops, crypto lives👍
Several exchanges announced their desire to support Terra 2.0
Huobi, Bitfinex, Bitrue, Gate.io, Hex Trust and Bybit announced their willingness to assist the launch of the new LUNA token.
💬"Bybit will support the launch of Terra 2.0 and new LUNA airdrop," the latter said on Twitter.
For its part, Binance reported it is working closely with the project team to provide victims with a loss recovery plan.
Huobi, Bitfinex, Bitrue, Gate.io, Hex Trust and Bybit announced their willingness to assist the launch of the new LUNA token.
💬"Bybit will support the launch of Terra 2.0 and new LUNA airdrop," the latter said on Twitter.
For its part, Binance reported it is working closely with the project team to provide victims with a loss recovery plan.
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Cryptoscams reached a new level
Elon Musk warns on Twitter about a deepfake, where "he" advises investing in a cryptocurrency platform with deposits at 30%.
Elon Musk warns on Twitter about a deepfake, where "he" advises investing in a cryptocurrency platform with deposits at 30%.
Huobi and Bitget listed Velas token - VLX
Bitget listed on April 8 and Huobi on May 18. The exchanges also added VLX/USDT trading pairs.
💬"We are glad to see Velas on some of the safest and fastest growing crypto exchanges. VLX is now even more accessible to traders," commented Velas CEO Farkhad Shagulyamov on the listing.
Velas is a hybrid blockchain that combines Proof-of-Stake and Proof-of-History consensus and has a network throughput of over 50,000 transactions per second. It was created by the Swiss company Velas Network AG in 2019.
Bitget listed on April 8 and Huobi on May 18. The exchanges also added VLX/USDT trading pairs.
💬"We are glad to see Velas on some of the safest and fastest growing crypto exchanges. VLX is now even more accessible to traders," commented Velas CEO Farkhad Shagulyamov on the listing.
Velas is a hybrid blockchain that combines Proof-of-Stake and Proof-of-History consensus and has a network throughput of over 50,000 transactions per second. It was created by the Swiss company Velas Network AG in 2019.
Twitter shareholders sue Elon Musk
They accuse the billionaire of manipulating the market.
The plaintiffs also claim that the head of Tesla violated the law by obtaining a financial gain by withholding information about his share in the company and hiding his intentions to become a board member.
The suit also says Musk bought the company's stock with insider information.
The prosecution believes that suspending the purchase of the company due to a possibly large share of fake Twitter accounts was part of the scheme. In their opinion, this way Musk wanted to get more favorable terms or to disrupt the deal.
They accuse the billionaire of manipulating the market.
The plaintiffs also claim that the head of Tesla violated the law by obtaining a financial gain by withholding information about his share in the company and hiding his intentions to become a board member.
The suit also says Musk bought the company's stock with insider information.
The prosecution believes that suspending the purchase of the company due to a possibly large share of fake Twitter accounts was part of the scheme. In their opinion, this way Musk wanted to get more favorable terms or to disrupt the deal.
Paraguay voted to legalize mining
The lower house of Parliament of Paraguay approved a bill regulating mining and cryptocurrency trading.
The document received 40 votes in favor and 12 against. Further it will be sent to the Senate for consideration.
The bill requires miners to obtain licenses and permits for industrial consumption of electricity. The initiative also provides for the creation of a registry for a person or entity that provides services for trading or storing cryptocurrencies.
The lower house of Parliament of Paraguay approved a bill regulating mining and cryptocurrency trading.
The document received 40 votes in favor and 12 against. Further it will be sent to the Senate for consideration.
The bill requires miners to obtain licenses and permits for industrial consumption of electricity. The initiative also provides for the creation of a registry for a person or entity that provides services for trading or storing cryptocurrencies.
Binance received a license from the regulator in Italy
The cryptocurrency exchange has received a digital asset provider license in Italy. The unit was registered by the local regulator OAM as Binance Italy.
Binance plans to strengthen its influence in the country's market. The company will also open a representative office and expand its staff in Italy.
Binance has long positioned itself as an exchange, which cooperates with regulators and authorities as much as possible without directly confronting them.
And they are doing a great job☝🏻
The cryptocurrency exchange has received a digital asset provider license in Italy. The unit was registered by the local regulator OAM as Binance Italy.
Binance plans to strengthen its influence in the country's market. The company will also open a representative office and expand its staff in Italy.
Binance has long positioned itself as an exchange, which cooperates with regulators and authorities as much as possible without directly confronting them.
And they are doing a great job☝🏻
💡 Binance to open LUNA/USDT and LUNA/BUSD trading on May 31 at 09:00 (MSC) in Innovation Zone.
LUNA deposit and withdrawal is scheduled to open at 08:30 on May 31. The exchange will also distribute new LUNA coins to LUNC and USTC holders at a ratio of:
- Pre-Attack 1 USTC = 0.01827712143 LUNA
- Pre-Attack 1 LUNC = 1.034735071 LUNA
- Post-Attack 1 USTC = 0.02354800084 LUNA
- Post-Attack 1 LUNC = 0.000015307927 LUNA.
LUNA deposit and withdrawal is scheduled to open at 08:30 on May 31. The exchange will also distribute new LUNA coins to LUNC and USTC holders at a ratio of:
- Pre-Attack 1 USTC = 0.01827712143 LUNA
- Pre-Attack 1 LUNC = 1.034735071 LUNA
- Post-Attack 1 USTC = 0.02354800084 LUNA
- Post-Attack 1 LUNC = 0.000015307927 LUNA.
Binance
Binance Announcement: New Coin Listings, New Trading Pairs, Crypto Airdrops, Crypto Updates and More | Binance Support
Stay updated on the latest news from the Binance Exchange, keeping track of new crypto listings, new trading pairs, recent delistings, new fiat listings, crypto airdrops and other latest Binance news.
💸💸 Michael Saylor and MicroStrategy are ready to invest all free money in Bitcoin - the first cryptocurrency is a safe haven for investors.
Saylor is confident that BTC will rise to $1,000,000 and has no regrets about not selling Bitcoin during previous highs.Y and MicroStrategy are ready to invest all available money in Bitcoin - the first cryptocurrency is a safe haven for investors.
Saylor is confident that BTC will rise to $1,000,000 and has no regrets about not selling Bitcoin during previous highs.Y and MicroStrategy are ready to invest all available money in Bitcoin - the first cryptocurrency is a safe haven for investors.
DeFi is down 55%
The total amount of money in DeFi (TVL) has fallen by $130 billion since the beginning of the year.
On January 1, there was $236 billion, and now it's just over $100 billion.
And most defai-tokens have lost as much as 70-80% of their capitalization.
That’s what crypto-winter looks like🐺🗡
The total amount of money in DeFi (TVL) has fallen by $130 billion since the beginning of the year.
On January 1, there was $236 billion, and now it's just over $100 billion.
And most defai-tokens have lost as much as 70-80% of their capitalization.
That’s what crypto-winter looks like🐺🗡
Bitcoin has already closed the weekly candle red for the 9th time
The past anti-record of eight consecutive red weekly candles is, alas, no longer valid. Another Monday showed that the chart of the first cryptocurrency continued its trend.
For the next candle to be green, BTC needs to close above the $29,468 mark. Believe in our old guy, he can do anything😊
The past anti-record of eight consecutive red weekly candles is, alas, no longer valid. Another Monday showed that the chart of the first cryptocurrency continued its trend.
For the next candle to be green, BTC needs to close above the $29,468 mark. Believe in our old guy, he can do anything😊