ECB official labels crypto as ‘deleterious’ with ‘no societal benefits’ in scathing speech

    According to Fabio Panetta, the volatility of crypto and aspects of blockchain technology made digital assets only suitable for gambling. Fabio Panetta, an executive board member of the European Central Bank (ECB), has suggested a dark future for cryptocurrencies, in which the digital assets may be used for little more than gambling among investors. In…

    Banning crypto ‘may not be effective in the long run’ — IMF

    After proposing a single ledger CBDC payment system, the International Monetary Fund reported on the regulation and use of digital currencies in Latin America and the Caribbean. The International Monetary Fund (IMF) has reiterated its calls for crypto regulation across certain countries but said an outright ban may not be the best approach. In a…

    Bitcoin holds $30K as bulls flaunt their advantage in Friday’s $715M BTC options expiry

    News of regulatory enforcement against the crypto sector fell by the wayside as the Bitcoin price rallied above $30,000, and options data suggests the trend will continue. Bitcoin’s 15% rally toward $30,300 between June 19 and June 21 caught most traders by surprise, triggering $125 million in liquidations of leveraged short futures contracts. Narrowing down…

    ‘Bitcoin only’ buy-and-hold investment strategy outperforms altcoins over the long term — Analysis shows

    Historical data shows that apart from a few times since 2015 when altcoins outperformed BTC, a ‘Bitcoin only’ investment strategy has fared considerably well. Altcoins offer diverse, innovative features, promising technological advancements, and potentially lucrative investment opportunities. Many-a-time specific altcoins post handsome gains that surpass Bitcoin, popularly known as altcoin season. However, K33 Research analysis shows over…

    Atomic Wallet gives major update on hack but questions remain unanswered

    The statement is the first major update from the wallet provider since the exploit in early June, but users are still in the dark about the actual cause. Atomic Wallet users have been left wanting more answers, despite the decentralized wallet provider finally releasing a full “event statement” about the June exploit — which some…

    Immutable’s Gods Unchained launches on Epic Games Store

    The trading card game, which features NFT cards, will now be available to Epic Games’ 230 million customers. Immutable Games’ Web3 trading card game Gods Unchained is now listed on the Epic Games Store and is available to its 230 million customers, according to a June 21 announcement. Gods Unchained is a collectible trading card game…