The latest Bitcoin, DeFi, NFTs and web3 news from CryptoSlate.
Salvadorian entrepreneurs can now claim a $100,000 Bitcoin grant
The initiative appears to be a response to re-developing the capital's Soyapango district, which has a reputation for gang violence.
Bitcoin mining company Compass Mining loses facility for not paying electricity bill
Bitcoin mining company Compass Mining loses Maine facility for not paying electricity bill to building owner
Goldman Sachs says Coinbase may need to sack more workers; downgrades its stock rating to sell
Goldman Sachs predicts that Coinbase revenue could decline by 61% because of the current market conditions that have affected retail traders.
Tether responds to the increase in hedge funds shorting USDT
Paolo Ardoino responds to reports that hedge funds have short bets on Tether's stablecoin USDT via crypto brokerage Genesis Global Trading.
Bitcoin sees record outflows as Ethereum bucks trend
Most of Bitcoin outflows happened on June 17 and were likely responsible for its crash to around $17,760 on June 18.
SEC Chairman Gary Gensler calls Bitcoin a commodity
The Chairman of the SEC said that Bitcoin is the only cryptocurrency he was ready to call a commodity.
Glassnode report shows 2022 bear market is the worst in history
Bitcoin and Ethereum will trade below their ATH in their previous cycle for the first time since their creation.
Voyager issues notice of default to 3AC over $675M loan obligations, legal action next
Voyager Digital has issued a notice of default to Three Arrows Capital over a 15,250 BTC loan and intends to pursue further legal action to recover the funds.
Hacktivist group Anonymous sets sights on Do Kwon after LUNA meltdown
Anonymous intends to investigate Kwon's history since he entered the crypto industry and believes that there are several other crimes that he might have committed.
Nexo dismisses claims it defrauded a children’s charity as fake news
Nexo responds to "ludicrous allegations" of defrauding a charity by calling on the community to exercise their better judgment.
Crypto market regains 11% capitalization in a week
The crypto market recovered $88 billion from 19th of June to the 26th.
Harmony announces a $1 million bounty for Horizon bridge stolen funds recovery
The network in addition to the bounty promised to advocate for no criminal charges against the hacker. What are the chances of the recovery?
Yuga Labs sues BAYC critic Ryder Ripps over claims of Nazi origins – RR responds
Yuga Labs is suing Ryder Ripps for defamation following his claims of BAYC being inspired by Nazi symbology.
Investors pull Bitcoin from exchanges as BTC on CEXs at lowest levels since 2018
Bitcoin held on exchanges dropped to 2.4 million BTC in June, the lowest level since August 2018.
How to find opportunities in a bear market
There's no doubt that the bear market is here and has impacted the whole industry. How should you ride out the downturn?