Author: Crypto Insider

Tesla CEO Elon Musk, who has agreed to purchase Twitter for about $44 billion, spoke on June 16 at an all-hands meeting for the social network company. The billionaire said it “makes sense” to integrate digital payments into Twitter, according to a leaked Q&A session with employees. Billionaire Elon Musk shared further details of his…

The NFT and Web3 gaming-focused crypto startup Immutable announced Friday that it has launched a $500 million ecosystem development fund to accelerate the adoption of promising Web3 projects building on its Ethereum Layer 2 scaling platform, Immutable X. “The Immutable Developer and Venture Fund,” which is a mix of both cash and Immutable X’s native…

A new survey from Capgemini revealed that 71% of high-net-worth individuals (HNWI) around the world have invested in cryptocurrencies and other digital assets. The survey also has advised wealth management firms to prioritize providing education and advice. On June 14, technology consulting company Capgemini released its 2022 World Wealth Report. It polled 2,973 global HNWIs,…

With the emergence of decentralized finance (DeFi), NFTs that broadly represent financial ownership and rights, often dubbed “financial NFTs,” are showcasing exciting use cases of NFTs the space has never seen. Solv Protocol, a DeFi startup, is a platform for creating, managing, and trading financial NFTs, or Vouchers. “The most pressing problem in the emerging…

Crypto exchanges Binance and Kraken, reportedly along with layer-2 sidechain Polygon, are looking to add staff amid crashing crypto markets. While Coinbase, BlockFi, and Crypto.com are among the crypto-related companies announcing layoffs this week. The US-based crypto exchange Kraken revealed on June 15 that it has not altered its recruiting strategy and does not expect…

Bitcoin’s price fluctuated after the Federal Reserve announced further monetary tightening on June 15, falling to as low as $20,270 after the Fed’s statement. But an hour after the announcement, the cryptocurrency was traded at $21,444. As a long-awaited step, the Fed announced that it will raise the fed-funds rate, the interest rate at which…