Author: Donald Munn
Celsius has reportedly hired banking giant Citigroup to advise it in an attempt to find possible solutions to its financial problems. Citigroup will act as financial advisor to Celsius This was revealed by two anonymous sources familiar with the matter. Celsius’ financial problems immediately appeared serious when it announced a few days ago that it had suspended all withdrawals. .@CelsiusNetwork is pausing all withdrawals, Swap, and transfers between accounts. Acting in the interest of our community is our top priority. Our operations continue and we will continue to share information with the community. More here: https://t.co/CvjORUICs2 — Celsius (@CelsiusNetwork) June…
The SEC commissioner strongly supports the crypto world and criticizes the current US policy that is too reluctant to approve a spot ETF in BTC. The evolving market needs ETFs on the spot price of crypto The US market is becoming more and more insistent in the demand for crypto spot ETFs The mistrust of the Securities and Exchange Commission (SEC) towards spot Bitcoin ETFs does not go down well with commission chairwoman Hester Peirce, who attacks the system, accusing it of obstructionism. Peirce spoke harshly at a recent conference titled “Regulating the New Crypto Ecosystem: Necessary Regulation or Crippling…
Jack Dorsey, the former CEO of Twitter has announced the launch of a new Web5 based on Bitcoin. Jack Dorsey’s new Web5 The revolutionary idea of Web5 from the mind of Jack Dorsey The company TBD, controlled by Block and founded by Jack Dorsey, has announced plans to build a new decentralized web centred on Bitcoin. According to Dorsey, Bitcoin should be the architrave on which the web will move in the future. The new project, called “Web5”, is yet another proof of Jack Dorsey’s blind faith in the most famous cryptocurrency. While the Web3 concept rests on blockchain technology…
The CEO of Galaxy Digital says there has been a huge capitulation, and that the macro environment is still quite challenging, but perhaps the bottom is near. According to Mike Novogratz Bitcoin is close to the bottom Yesterday Mike Novogratz was interviewed by CNBC during the popular show Squawk Box. During his speech, he stated among other things that the current price levels of Bitcoin should be near the bottom. "We are going through what feels to be a little bit like a long term capital management moment in #crypto," says @Novogratz. "We've gotten to levels that I think should…
Starting on Friday, 10 June, there was a real collapse of the crypto markets. The crypto crash: what happened? Taking Bitcoin as a reference, its price fell from $30,000 to $20,000 in five days, dragging all other cryptocurrencies down with it. The total crypto market capitalization fell from $1.3 trillion to $900 billion, but yesterday the collapse came to a momentary halt. After hitting these lows, there was a small rebound, due in part to the positive reaction of the US stock markets to the Fed’s decisions. Two factors played the main role: a strong fear that dominated all financial…
After two years of development, Wasabi Wallet 2.0 is finally being released. Wasabi Wallet version 2.0 released today The new interface was unveiled almost a year ago, but now the new release of one of the most popular high-privacy Bitcoin wallets is finally ready to hit the market. What has changed is primarily the user interface, which has become more user-friendly, but new features have also been introduced. In particular, coinjoins are now automated and more efficient, with a simpler fee structure and incentives for proper use of the wallet. One of these for example is the free remix after…
Much has been said and written, and in many places, about the obligation for VASPs and WSPs to enrol in the register kept by the OAM and the MEF decree that finally implemented it. As has been written before, the decree leaves the interpreter with the awkward task of resolving several issues: that of correctly identifying the subjects actually required to enrol, given that the provision is not sufficiently clear and does not merely identify the exchange and digital wallet platforms; that of the effects on VASPs and WSPs operating from non-EU countries, given that the decree expressly mentions as…
Standard Bank has released the African Blockchain Report 2021, which measures blockchain investments on the African continent. Total investments in the blockchain sector in Africa in 2021 Investments in blockchain projects in Africa have had an exponential boost over the past year Africa is a continent with a particular combination of factors that could foster the adoption of cryptocurrencies and blockchain technology The report shows that Africa is a sort of crypto-continent, and an international driver in the widespread use of blockchain as a “transformative technology for humanity”. Standard Bank is one of South Africa’s largest financial groups, operating in…
For years now, European institutions have been working on regulating digital platforms through a regulatory approach aimed at raising the level of consumer protection. Among the areas that have been affected by this strategy is certainly that of the sale of digital products, recently affected by a specific directive, which in Italy was implemented in November 2021. The novelties introduced by the directive concern in particular contracts for the supply of digital content or digital services concluded between consumers and professionals. Are NFTs subject to the law on the sale of digital content? New regulations for the NFT sector NFTs…
Solana’s wallet, Phantom, announced that it will launch a new update next week to further strengthen its security after fixing a “demonic vulnerability” discovered by blockchain cybersecurity firm Halborn in May last year. Solana discovers a new bug in its blockchain The problems for the Solana blockchain do not end here After a bug in the system blocked its blockchain worldwide for the umpteenth time last 2 June, now comes the announcement of a new update to the Phantom wallet specifically to increase the security levels of the system, following the discovery of a new bug in the system. The…