The latest Bitcoin, DeFi, NFTs and web3 news from CryptoSlate.
Binance will stop supporting USDC, certain other stablecoins by Sept. 29
Binance says the move is geared toward enhancing liquidity and capital efficiency for its users.
FatManTerra educates community on crypto scams by creating fake investment scheme
Crypto Influencer FatManTerra shared a fake investment scheme that attracted over $100k from his followers. He has called off the trick and warned the community against falling for crypto investment scams.
Research: HODL waves show short-term holders at level lower than 2019 bear market bottom
On-chain data indicates a drastic fall in short-term Bitcoin holders with the number dropping to 27.4%. Market bottoms historically correlate with short-term holders falling below 29%
Russia to reportedly consider crypto use for international payments
Russia has faced increased scrutiny and sanctions from western countries over its Ukraine invasion, forcing a rethink of its stance towards crypto.
Vitalik Buterin poll reveals community want 5-letter .eth domain name for $100
Crypto community members argued that a fee less than $100 would ensure inclusivity for all.
Saylor says Bitcoin’s Lightning Network most important technology in the world right now
Michael Saylor announced that MicroStrategy is working on an inhouse Lightning Network solution that will onboard over 10 million consumers.
Bitcoin mining hash rate spikes 60% despite plummeting revenue per terra hash
The Bitcoin hash rate continues trending upwards even though revenue per terra hash carries on falling.
Congress not looking to ban crypto as it has ‘too much money and power behind it’
U.S. Congressman Brad Sherman admits crypto has too much money behind it to be banned, even though he sees it as a threat to U.S. national security.
Research: Bitcoin’s realized price shows a bottom could be forming
All previous bear market cycles have seen Bitcoin fall below its realized price. Having spent 79 days in the red, Bitcoin's current price show a bottom could be forming around $20,000.
Research: September is historically the worst month for BTC since 2013
Like Bitcoin, the S&P 500 has also recorded downturns in most September since 1928, according to available data.
What is CC0, and why will it change the NFT market?
NFT projects are increasingly adopting a CC0 framework with no rights reserved, with some promising results.
Cardano founder asks why proponents of ADA token burn are “consumed with idiocy”
Charles Hoskinson blasts the idea of ADA burning, calling advocates of the practice ignorant and short-termist.
World Economic Forum weighs in on CBDC adoption and DLT use cases
WEF aims to inform and help central banks realize the potential of CBDCs and DLT as interest in the technologies gain traction.
CryptoSlate Wrapped Daily: Binance’s CZ refutes allegations of company’s ties to China, LUNA Classic pumps 2,400%
CZ denies claims that Binance is owned by a secret Chinese agent, on-chain metrics suggest more pain ahead for long-term Bitcoin holders and much more in this edition of CryptoSlate Wrapped Daily
Celsius expects to receive $70M loan repayment to fund operations beyond November
Celsius expects to receive extra $70 million in loan repayment by Oct. 7 and retain over $42 million by the end of November.