The latest Bitcoin, DeFi, NFTs and web3 news from CryptoSlate.
EthCC gets underway as building a decentralized society and surviving a bear market top the bill
The premiere Ethereum conference, EthCC, kicked off with investors, builders, and founders from across the ecosystem converging on Paris.
Indicators point to Bitcoin bottom formation but recovery unlikely so soon – Glassnode
Glassnode revealed that all on-chain metrics point to the sign of a price bottom formation except the length of time it takes for a genuine bottom to form.
Coincheck NFT (β version) has more than ten different NFT titles added to the platform
“Coincheck”, a Japanese cryptocurrency exchange, allows users to trade Bitcoin, Ethereum, Ripple, and many other altcoins on the platform.
Miners sold 14K Bitcoin worth $300M on July 15, largest dump since January
Data from CryptoQuant shows that Bitcoin worth over $300 million was sold by miners within a 24 hour period on July 15.
SkyBridge Capital’s fund suspends withdrawals because of stocks, crypto decline
Legion Strategies halted withdrawals because of the sharp decline in the values of stock and cryptocurrencies held by the fund.
Gemini eyes further staff cuts to control costs amid crypto winter
Reportedly, crypto exchange Gemini is going for the second round of layoffs by firing 15% of staff to further cut costs.
Reserve Bank of India renews calls for crypto ban
India flips anti-crypto once more citing the destabilizing effect of digital assets on fiscal stability.
Three Arrows Capital unravels as creditor list emerges
A creditor committee has been set up and it comprises the biggest creditors like Digital Currency Group, Voyager and others.
Nexo has a crypto card that lets you spend without selling your assets
The card is linked to Nexo's crypto Credit Lines, and using digital assets as collateral enables users to make fiat payments at over 90 million Mastercard merchants.
Private but regulated tokens could beat CBDCs, Australian central bank chief says
The Reserve Bank of Australia governor argued that the private sector is better than central banks at innovating tokens.
Samsung’s new mining chips will be 45% more efficient
Samsung announced it will begin the production of 3-nanometer chips that will be 45% more power efficient.
Glassnode data shows Binance’s Bitcoin holdings surpass Coinbase
Coinbase in the last seven days had recorded over 10,000 outflows in its Bitcoin holdings while Binance recorded around 20,000 inflows.
Time Magazine looks to turn all future subscriptions into NFTs
The President of Time Magazine recently said he hoped to fully digitalize all future subscriptions and migrate into NFTs on"TIMEPieces" collection, so that all consumers can own their data.
Senator Elizabeth Warren wants more enforcement from SEC in the crypto space
In the aftermath of major crypto lenders going bankrupt, there's a need for strong investor protection rules, and people are looking to the SEC.
Grayscale report says bear market could last for next 250 days
Grayscale said the crypto market officially entered the bear market on June 13.