El Salvador’s finance minister Alejandro Zelaya has said the country will further delay launching its anticipated billion dollar Bitcoin (BTC) bond citing price volatility and uncertain market conditions resulting from the ongoing Russo-Ukrainian war. The news comes at the same time that Amnesty International accused the Salvadoran authorities of “flagrant violations of human rights and criminalizing people living in poverty.” In a June 1 interview on the local “Frente a Frente” (Face-to-Face...

El Salvador’s finance minister Alejandro Zelaya has said the country will further delay launching its anticipated billion dollar Bitcoin (BTC) bond citing price volatility and uncertain market conditions resulting from the ongoing Russo-Ukrainian war. The news comes at the same time that Amnesty International accused the Salvadoran authorities of “flagrant violations of human rights and criminalizing people living in poverty.” In a June 1 interview on the local “Frente a Frente” (Face-to-Face...

Sponsored by Integritee, Networkd “A Crypto Happy Hour” is the place to be for investors, developers, crypto enthusiasts, or those simply looking to network and connect during the DCentral and Consensus conferences. On June 9th between 8:00 pm and 12:00 am, early attendees will enjoy an open bar while listening to great music by a live DJ. A cool and welcoming atmosphere can be expected, where attendees can meet great minds and have insightful conversations. Access is limited — tickets will b...

Sponsored by Integritee, Networkd “A Crypto Happy Hour” is the place to be for investors, developers, crypto enthusiasts, or those simply looking to network and connect during the DCentral and Consensus conferences. On June 9th between 8:00 pm and 12:00 am, early attendees will enjoy an open bar while listening to great music by a live DJ. A cool and welcoming atmosphere can be expected, where attendees can meet great minds and have insightful conversations. Access is limited — tickets will b...

Axie Infinity (AXS) price dropped sharply on June 1, suggesting that its supersonic gains in the last two days might have been a part of a bear market rally. The AXS/USD pair soared 54% week-to-date to over $28 on May 31, its highest level in three weeks. But Axie Infinity price failed to hold the gains, correcting by more than 21% to $22 while raising the possibility of more downside to come. AXS/USD daily price chart. Source: TradingView Trading behavior witnessed in the last 24 hours suppo...

Axie Infinity (AXS) price dropped sharply on June 1, suggesting that its supersonic gains in the last two days might have been a part of a bear market rally. The AXS/USD pair soared 54% week-to-date to over $28 on May 31, its highest level in three weeks. But Axie Infinity price failed to hold the gains, correcting by more than 21% to $22 while raising the possibility of more downside to come. AXS/USD daily price chart. Source: TradingView Trading behavior witnessed in the last 24 hours suppo...

A range of industries have struggled to forge deeper, longer-lasting relationships with audiences in the metaverse. However, with its passionate fan bases and iconic teams and events, the sports sector may have the most success in creating this type of engagement. Metaverse initiatives from some of the world’s best-known sports organizations, including its most iconic teams, are already showing enough promise for these groups and the platforms serving the metaverse to expand their efforts in ...

A range of industries have struggled to forge deeper, longer-lasting relationships with audiences in the metaverse. However, with its passionate fan bases and iconic teams and events, the sports sector may have the most success in creating this type of engagement. Metaverse initiatives from some of the world’s best-known sports organizations, including its most iconic teams, are already showing enough promise for these groups and the platforms serving the metaverse to expand their efforts in ...

As fears surrounding the Coinbase exchange run wild, Paul Grewal, the chief legal officer of Coinbase, assured customers that their funds are safe within the exchange. In an SEC disclosure made by Coinbase back in May, certain parts of the document mentioned that in the case of bankruptcy, crypto-assets held in custody on behalf of its customers may be "subject to bankruptcy proceedings" and that customers may become "unsecured creditors" in the process. The disclosure was thrust into the lim...

As fears surrounding the Coinbase exchange run wild, Paul Grewal, the chief legal officer of Coinbase, assured customers that their funds are safe within the exchange. In an SEC disclosure made by Coinbase back in May, certain parts of the document mentioned that in the case of bankruptcy, crypto-assets held in custody on behalf of its customers may be "subject to bankruptcy proceedings" and that customers may become "unsecured creditors" in the process. The disclosure was thrust into the lim...

Bitcoin (BTC) analysts faced another day of frustration on May 28 as BTC/United States dollar refused to offer volatility up or down. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView“Not the decoupling we wanted”Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency sticking in a narrow short-term range into the weekend. Previously forecast support levels to avoid a deeper correction managed to hold in the May 27 Wall Street trading session, but a boun...

Bitcoin (BTC) analysts faced another day of frustration on May 28 as BTC/United States dollar refused to offer volatility up or down. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView“Not the decoupling we wanted”Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency sticking in a narrow short-term range into the weekend. Previously forecast support levels to avoid a deeper correction managed to hold in the May 27 Wall Street trading session, but a boun...

When was the last time you got a late payment? Chased an invoice? Waited for your monthly paycheck only to realize it’s late yet again? You might relate to these headaches as an investor, employee or client. But the tension that affects each of these unique parties is often caused by one unwavering contributor: an underlying traditional contract. Contracts affect every organization’s workforce, and 26% of employees are involved in managing these agreements at some point, according to the Worl...

When was the last time you got a late payment? Chased an invoice? Waited for your monthly paycheck only to realize it’s late yet again? You might relate to these headaches as an investor, employee or client. But the tension that affects each of these unique parties is often caused by one unwavering contributor: an underlying traditional contract. Contracts affect every organization’s workforce, and 26% of employees are involved in managing these agreements at some point, according to the Worl...

The end of the first week in June brought more pain to global financial markets as the tech-heavy Nasdaq composite closed the day on June 3 down 2.3%, while the S&P 500 shed 1.4% of its value. The cryptocurrency market hasn’t faired any better and data from Cointelegraph Markets Pro and TradingView shows that an early morning attempt to push Bitcoin (BTC) above $30,000 was hit with a wave of selling that dropped it to a daily low of $29,286. BTC/USDT 1-day chart. Source: TradingView Here’s a ...

The end of the first week in June brought more pain to global financial markets as the tech-heavy Nasdaq composite closed the day on June 3 down 2.3%, while the S&P 500 shed 1.4% of its value. The cryptocurrency market hasn’t faired any better and data from Cointelegraph Markets Pro and TradingView shows that an early morning attempt to push Bitcoin (BTC) above $30,000 was hit with a wave of selling that dropped it to a daily low of $29,286. BTC/USDT 1-day chart. Source: TradingView Here’s a ...

As New York pursues efforts to ban proof-of-work (PoW) crypto mining, the attorney general reminded investors of the risks associated with investing in crypto. In an investor alert published Thursday, New York Attorney General Letitia James said that investors are “losing billions” in crypto. James highlighted that even digital assets that are well-known and traded in reputable exchanges can crash. Because of this, the attorney general is convinced that crypto investments create “more pain th...

As New York pursues efforts to ban proof-of-work (PoW) crypto mining, the attorney general reminded investors of the risks associated with investing in crypto. In an investor alert published Thursday, New York Attorney General Letitia James said that investors are “losing billions” in crypto. James highlighted that even digital assets that are well-known and traded in reputable exchanges can crash. Because of this, the attorney general is convinced that crypto investments create “more pain th...

Ethereum Layer-2 scaling solution Optimism has been overwhelmed with “all-time high demand” following the launch of its highly anticipated airdrop today. Users racing to collect their tokens were greeted with failed or delayed transactions as the Optimism team raced in the background to add additional capacity to the network. As previously reported in April, Optimism is airdropping the new OP governance token —over multiple phases — alongside the launch of a decentralized autonomous organizat...

Ethereum Layer-2 scaling solution Optimism has been overwhelmed with “all-time high demand” following the launch of its highly anticipated airdrop today. Users racing to collect their tokens were greeted with failed or delayed transactions as the Optimism team raced in the background to add additional capacity to the network. As previously reported in April, Optimism is airdropping the new OP governance token —over multiple phases — alongside the launch of a decentralized autonomous organizat...

Japan is moving forward with legislation regarding the issuance of stablecoins, i.e., digital assets with their value pegged to fiat currencies or stabilized by an algorithm. On Friday, Japan’s parliament passed a bill to ban stablecoin issuance by non-banking institutions, local news agency Nikkei reported. The bill reportedly stipulates that the issuance of stablecoins is limited to licensed banks, registered money transfer agents and trust companies in Japan. The new legislation also intro...

Japan is moving forward with legislation regarding the issuance of stablecoins, i.e., digital assets with their value pegged to fiat currencies or stabilized by an algorithm. On Friday, Japan’s parliament passed a bill to ban stablecoin issuance by non-banking institutions, local news agency Nikkei reported. The bill reportedly stipulates that the issuance of stablecoins is limited to licensed banks, registered money transfer agents and trust companies in Japan. The new legislation also intro...

For U.S.-based readers, I hope you are lucky enough to have a long holiday weekend to enjoy. If you do, remember you are given this day off because military personnel gave their lives. I’m personally taking this long weekend to see one of my closest friends get married. So this week’s newsletter will be short, sweet and a bit off-the-wall (and mostly statistically insignificant). When I asked one of my other closest friends how I would convince y’all to read something like this he gave me som...

For U.S.-based readers, I hope you are lucky enough to have a long holiday weekend to enjoy. If you do, remember you are given this day off because military personnel gave their lives. I’m personally taking this long weekend to see one of my closest friends get married. So this week’s newsletter will be short, sweet and a bit off-the-wall (and mostly statistically insignificant). When I asked one of my other closest friends how I would convince y’all to read something like this he gave me som...