Large institutions sold $5.5B in BTC since May — and we’re still here

[ad_1] Since May 10, as much as 236,237 Bitcoin (worth $5.452 billion) has been sold by “large institutions” — mostly as a result of forced selling. A Twitter thread from Arcane Research analyst Vetle Lunde details how and when many institutional Bitcoin holders began selling their stacks. Lunde stated that “it all started with Do Kwon.” The Luna Foundation Guard (LFG), which controlled funds for the Terra project, dumped 80,081 BTC

Epic Games ‘definitely won’t’ follow Minecraft NFT ban

[ad_1] Epic Games founder and CEO Tim Sweeney says his firm “definitely won’t” follow Minecraft's developers in banning non-fungible tokens (NFTs).As previously reported, Minecraft developers Mojang Studios banned NFT integrations on July 20 as it believes the speculative aspect of NFTs, along with scarcity and risks of exclusion and scams supposedly associated with NFTs being against the game’s principles. The move was seen as highly controversial in the NFT community,

All ‘Ethereum killers’ will fail: Blockdaemon’s Freddy Zwanzger

[ad_1] Blockdaemon’s ETH ecosystem lead Freddy Zwanzger believes Ethereum will retain its leadership position in the crypto ecosystem over the coming years due to its utility as a smart contract platform and upgrades to the network following the Merge. Speaking to Cointelegraph during the Ethereum Community Conference (EthCC) this week, Zwanzger said:“It'll continue to be a leader. I mean, obviously, the first and most important smart contract platform, and that's not

SEC listing 9 tokens as securities in insider trading case ‘could have broad implications’ — CFTC

[ad_1] Caroline Pham, one of five commissioners with the United States Commodity Futures Trading Commission, or CFTC, has expressed concerns about the possible implications of a case the Securities and Exchange Commission, or SEC, brought against a former product manager at Coinbase.In a Thursday statement, Pham said the SEC complaint against former Coinbase product manager Ishan Wahi, his brother Nikhil Wahi and an associate Sameer Ramani “could have broad implications”

Crypto winter winding down, FTX to turn a profit as it serves as lender of last resort

[ad_1] The economic crisis in crypto is waning, FTX co-founder and CEO Sam Bankman-Fried thinks. He noted in an interview on Axios Pro Thursday that he is not getting “a ton of calls” from distressed businesses, as he was in the first weeks of the so-called crypto winter. Given a positive economic macro-environment, recovery could be “remarkably fast,” he said.FTX is “willing to lose a little” in its role as

Mercado Bitcoin plans to expand to Mexico

[ad_1] Brazilian crypto exchange Mercado Bitcoin could begin operating in Mexico sometime in 2022, pending regulatory approval.Speaking to Cointelegraph on Thursday, Mercado Bitcoin CEO Reinaldo Rabelo said the company was awaiting regulatory approval to start operations in Mexico. The details of the expansion are unclear, but Rabelo said in an April interview that acquiring a crypto exchange was an easier route to operate in a new market to avoid starting from

The dark side of the metaverse and how to fight it

[ad_1] Metaverse and Web3 have become catch-all terms that describe some aspects of the future internet. Beyond the hype, however, these technologies are building immersive worlds that intersect digital and real life. As more people migrate to the metaverse to work, play and “live,” so to speak, real-world complications are bound to arise. Have you ever thought about how crime will be policed in the metaverse? How will we stop bad

‘The market is acting this way because there is no regulation’ says Skale Labs’ Konstantin Kladko

[ad_1] The recent cryptocurrency bear market has uprooted decentralized finance (DeFi) and centralized finance (CeFi) projects in the crypto space. But past performance is not always indicative of future results. For starters, Ethereum's price has already recovered 48% in the past few days ahead of the looming Merge upgrade.At the annual Ethereum Community Conference in Paris, Cointelegraph spoke to Skale Labs' co-founder Konstantin Kladko regarding the market crisis. Sklae Labs

Ether price stalls at $1,630 after gaining 50% in under a week

[ad_1] Price action across the cryptocurrency market was largely subdued on Thursday, as traders took a day to digest gains over the past week and book profits following the biggest relief rally since early June.Amid speculation about what drove the recent rally, the Ethereum (ETH) Merge has consistently ranked at the top of the list. The market rally shifted into high gear after a tentative date of Sept. 19 was

Bulls or bears? Both have a fair chance in Friday’s Bitcoin options expiry

[ad_1] Bitcoin (BTC) briefly broke above $24,000 on July 20, but the excitement lasted less than two hours after the resistance level proved more challenging than expected. A positive is that the $24,280 high represents a 28.5% increase from the July 13 swing low at $18,900.According to Yahoo Finance, on July 19, Bank of America published its latest fund managers survey, and the headline was "I'm so bearish, I'm bullish."