Author: CryptoNews

Beanstalk stablecoin relaunches after going offline for four months. The stablecoin was earlier a victim of a flash loan attack that resulted in the firm losing nearly $182 million worth of funds.  The credit-based stablecoin Beanstalk has relaunched its protocol after four months. The stablecoin had earlier suffered a massive flash loan attack that rendered the protocol to go offline for a while.  Beanstalk Stablecoin Relaunches On Its First Anniversary  Ethereum-based stablecoin Beanstalk is finally making a comeback. In an official blog post published by the firm, Beanstalk confirmed its official “Unpause” adding that it’s ready to relaunch on its first…

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TL;DR:Coinbase filed a petition asking the SEC to begin rulemaking on digital asset securities.The existing rules for securities just do not work for digital assets.Our petition calls on the SEC to develop a workable regulatory framework for digital asset securities guided by formal procedures and a public notice-and-comment process, rather than through arbitrary enforcement or guidance developed behind closed doors.By Faryar Shirzad, Chief Policy OfficerToday, there is a robust crypto market in the U.S. That market includes thousands of different digital assets, crypto companies, and decentralized financial products, and is regulated at every level of government, including by multiple federal…

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Tl:dr: We’re launching Ethereum staking to US domestic institutional clients on Coinbase Prime. Using our industry-leading cold storage, clients can now generate yield by staking ETH.By Aaron Schnarch, Vice President of Product, CustodyFully-integrated staking on Coinbase PrimeCoinbase Prime provides institutions with an end-to-end staking experience. Clients can create a wallet, decide how much to stake, and initiate staking from the ETH asset page on their Coinbase Prime account.Securing client funds is our highest priority. We hold withdrawal keys in our cold storage custody vault at all times, meaning staked ETH and accumulated yield are always safe. To further ensure the…

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Tl;dr: Coinbase and BlackRock to create new access points for institutional crypto adoption by connecting Coinbase Prime and AladdinBy Brett Tejpaul, Head of Coinbase Institutional and Greg Tusar, Vice President, Institutional ProductOver the past few years, Coinbase has played a central role in developing and strengthening crypto markets as the safest, most trusted bridge to the cryptoeconomy. Today marks an exciting next step on our journey as we announce that Coinbase is partnering with BlackRock, the world’s largest asset manager, to provide institutional clients of Aladdin®, BlackRock’s end-to-end investment management platform, with direct access to crypto, starting with bitcoin, through…

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Bitcoin (BTC) is in short supply at Tesla, even as its CEO predicts that United States inflation has already peaked.Speaking at Tesla’s 2022 Annual Meeting of Stockholders on Aug. 5, Elon Musk predicted that an upcoming United States recession would only be “mild to moderate.”Musk on costs: “The trend is down”After recently selling almost all of its $1.5 billion BTC holdings, Tesla is seeing the emergence of exactly the kind of economic landscape in which risk assets thrive.During a Q&A session at the Annual Meeting, Musk revealed that six-month commodities pricing for Tesla parts is already getting cheaper, not more expensive.…

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Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today. Source link

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TLDR: Bloomberg Intelligence senior commodity strategist Mike McGlone stated that Bitcoin trades at a substantial discount.McGlone highlights several observations when making his case, such as technical analysis focusing on key indicators such as the 100-week moving average.McGlone stressed the Federal Reserve’s critical role in the price of equities and cryptocurrencies.Bitcoin is currently trading at $23,203.64, according to CoinGecko, a %66.4 drop from its all-time high. According to McGlone, a senior commodity strategist at Bloomberg Intelligence, Bitcoin and other cryptocurrencies are trading at a significant discount. Currently trading almost 66.4% lower than its all-time high on November 10, last year, Bitcoin…

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July 21, 2022       /       Unchained Daily       /       Laura Shin Daily Bits✍️✍️✍️ Polygon announced a zero-knowledge scaling solution called zkEVM that will go live by the end of 2022. FTX is looking to raise more money, according to Bloomberg. Aave DAO swapped $1 million in AAVE for $1 million in BAL following an on-chain vote. On Yearn’s second anniversary, the project’s total value-locked (in ETH terms) fell by 50% year to date. Zipmex, a crypto exchange, paused withdrawals. Premint will return $500k in ETH to NFT hack victims. Today in Crypto Adoption… Minecraft…

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News BTC is mostly a price prediction platform. After writing about the cultural side of crypto for near four years, I’ve come to learn a thing or two about the correlation between leader, community, and price. Even though I have no qualifications or desire to be a price predictor, I’ve made great friends here through whom it becomes easier to navigate the projects that have their foundations correct. The Defi burn is on, and I’m privileged to have chosen and accepted the ‘Artistic Ambassador’ title for Sheesha Finance. Sheesha Finance is a Decentralized Finance venture founded by Saeed Hareb Al…

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Anyone looking at the charts will have seen FLOW due to the incredible rally that its price has been on. The digital asset has gone from being in the shadows to be on the radar of crypto investors after growing more than 100% in a single. However, lesser known is the reason behind this rally. In this article, we take a look at FLOW and what has triggered such an increase in price over the past day. Meta News Is The Catalyst On Thursday, news broke that Meta (formerly known as Facebook) was moving forward with its NFT plans. It…

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