Marathon Digital also noted that the decrease in transaction fees for June was not a cause for concern, highlighting that Bitcoin Ordinals had provided a boost in the previous month.
Decentral Block Post
Access real-time blockchain and cryptocurrency news updates from around the globe.
BlackRock bullish on Bitcoin, Gemini CEO’s ‘delusion,’ and CEXs’ unhappy staff: Hodler’s Digest, July 2-8
BlackRock’s PR campaign for a Bitcoin ETF, Gemini’s fight with DCG over Earn program funds, and CEX employees’ sentiment.
BlackRock bullish on Bitcoin, Gemini CEO’s ‘delusion,’ and CEXs’ unhappy staff: Hodler’s Digest, July 2-8
BlackRock’s PR campaign for a Bitcoin ETF, Gemini’s fight with DCG over Earn program funds, and CEX employees’ sentiment.
BlackRock bullish on Bitcoin, Gemini CEO’s ‘delusion,’ and CEXs’ unhappy staff: Hodler’s Digest, July 2-8
Top Stories This Week
Larry Fink, the CEO of BlackRock, has recently delivered pro-crypto remarks, claiming “Bitcoin is an international asset” and suggesting U.S. regulators consider how an ETF directly linked to Bitcoin could democratize finance in the country. Under Fink, BlackRock has attempted to launch a spot BTC ETF with crypto exchange Coinbase acting as a surveillance partner. It’s unclear if the U.S. Securities and Exchange Commission (SEC) will approve the investment vehicle, given its track record of rejecting all previously filed spot BTC ETF applications to date.
Gemini files lawsuit against Digital Currency Group and Barry Silbert over Genesis and Earn program
Gemini has announced legal action against the conglomerate Digital Currency Group (DCG) and its CEO, Barry Silbert, claiming “fraud against creditors.” Genesis, a DCG subsidiary, had been the crypto lender responsible for operating an Earn program in partnership with the crypto exchange. The suit follows an open letter published by Gemini co-founder Cameron Winklevoss, which slammed Silbert for allegedly trying to play the victim card while owing over a billion dollars to Earn’s investors. “Not even Sam Bankman-Fried was capable of such delusion,” Winklevoss wrote in the letter.
Bitcoin bull run incoming: Binance CEO Changpeng Zhao reveals when
Binance CEO Changpeng “CZ” Zhao has delivered his prediction for the next Bitcoin bull market. In a July 5 “ask me anything” session on Twitter, CZ gave his thoughts on the next bull run, explaining that the price of Bitcoin has historically moved in four-year bull cycles, and his best bet was that this would continue to occur. While admitting he couldn’t predict the future, Zhao emphasized the upcoming Bitcoin halving event in 2024 and declared 2025 to be the most likely year for the next bull market, stating: “The year after Bitcoin halving is usually the bull year.“
Lawmakers in the United Kingdom are moving forward with legislation aimed at expanding authorities’ ability to target cryptocurrencies used for illicit purposes. A June 27 version of the bill included provisions to allow authorities greater flexibility in the confiscation and civil recovery of crypto assets. In addition, the legislation clarified the government’s authority over digital assets “intended to be used for the purposes of terrorism” or related reasons. The lawmakers will consider all amendments to the bill before it can be made law by royal assent.
Binance, Coinbase and Gemini staff are among the least happy, data suggests
According to a quadrant chart by tech recruitment firm TrueUp using data from Glassdoor, crypto exchanges, including Gemini, Binance and Coinbase, are home to some of the least happy employees in the industry. The chart shows the happiest and least happy workers across over 27 of most valuable crypto firms on different stages of maturity. The defunct crypto lender Celsius, crypto exchange Gemini and trading firm Amber Group top the list of least satisfied employees, followed by Binance and Coinbase. Binance said its “hardcore” work culture could explain some of the results, while Crypto Recruit founder Neil Dundon warned that the data should be taken with a grain of salt.
BlackRock bullish on Bitcoin, Gemini CEO’s ‘delusion,’ and CEXs’ unhappy staff: Hodler’s Digest, July 2-8
BlackRock’s PR campaign for a Bitcoin ETF, Gemini’s fight with DCG over Earn program funds, and CEX employees’ sentiment.
BlackRock bullish on Bitcoin, Gemini CEO’s ‘delusion,’ and CEXs’ unhappy staff: Hodler’s Digest, July 2-8
BlackRock’s PR campaign for a Bitcoin ETF, Gemini’s fight with DCG over Earn program funds, and CEX employees’ sentiment.
BlackRock bullish on Bitcoin, Gemini CEO’s ‘delusion,’ and CEXs’ unhappy staff: Hodler’s Digest, July 2-8
Top Stories This Week
Larry Fink, the CEO of BlackRock, has recently delivered pro-crypto remarks, claiming “Bitcoin is an international asset” and suggesting U.S. regulators consider how an ETF directly linked to Bitcoin could democratize finance in the country. Under Fink, BlackRock has attempted to launch a spot BTC ETF with crypto exchange Coinbase acting as a surveillance partner. It’s unclear if the U.S. Securities and Exchange Commission (SEC) will approve the investment vehicle, given its track record of rejecting all previously filed spot BTC ETF applications to date.
Gemini files lawsuit against Digital Currency Group and Barry Silbert over Genesis and Earn program
Gemini has announced legal action against the conglomerate Digital Currency Group (DCG) and its CEO, Barry Silbert, claiming “fraud against creditors.” Genesis, a DCG subsidiary, had been the crypto lender responsible for operating an Earn program in partnership with the crypto exchange. The suit follows an open letter published by Gemini co-founder Cameron Winklevoss, which slammed Silbert for allegedly trying to play the victim card while owing over a billion dollars to Earn’s investors. “Not even Sam Bankman-Fried was capable of such delusion,” Winklevoss wrote in the letter.
Bitcoin bull run incoming: Binance CEO Changpeng Zhao reveals when
Binance CEO Changpeng “CZ” Zhao has delivered his prediction for the next Bitcoin bull market. In a July 5 “ask me anything” session on Twitter, CZ gave his thoughts on the next bull run, explaining that the price of Bitcoin has historically moved in four-year bull cycles, and his best bet was that this would continue to occur. While admitting he couldn’t predict the future, Zhao emphasized the upcoming Bitcoin halving event in 2024 and declared 2025 to be the most likely year for the next bull market, stating: “The year after Bitcoin halving is usually the bull year.“
Lawmakers in the United Kingdom are moving forward with legislation aimed at expanding authorities’ ability to target cryptocurrencies used for illicit purposes. A June 27 version of the bill included provisions to allow authorities greater flexibility in the confiscation and civil recovery of crypto assets. In addition, the legislation clarified the government’s authority over digital assets “intended to be used for the purposes of terrorism” or related reasons. The lawmakers will consider all amendments to the bill before it can be made law by royal assent.
Binance, Coinbase and Gemini staff are among the least happy, data suggests
According to a quadrant chart by tech recruitment firm TrueUp using data from Glassdoor, crypto exchanges, including Gemini, Binance and Coinbase, are home to some of the least happy employees in the industry. The chart shows the happiest and least happy workers across over 27 of most valuable crypto firms on different stages of maturity. The defunct crypto lender Celsius, crypto exchange Gemini and trading firm Amber Group top the list of least satisfied employees, followed by Binance and Coinbase. Binance said its “hardcore” work culture could explain some of the results, while Crypto Recruit founder Neil Dundon warned that the data should be taken with a grain of salt.
BlackRock bullish on Bitcoin, Gemini CEO’s ‘delusion,’ and CEXs’ unhappy staff: Hodler’s Digest, July 2-8
Top Stories This Week
Larry Fink, the CEO of BlackRock, has recently delivered pro-crypto remarks, claiming “Bitcoin is an international asset” and suggesting U.S. regulators consider how an ETF directly linked to Bitcoin could democratize finance in the country. Under Fink, BlackRock has attempted to launch a spot BTC ETF with crypto exchange Coinbase acting as a surveillance partner. It’s unclear if the U.S. Securities and Exchange Commission (SEC) will approve the investment vehicle, given its track record of rejecting all previously filed spot BTC ETF applications to date.
Gemini files lawsuit against Digital Currency Group and Barry Silbert over Genesis and Earn program
Gemini has announced legal action against the conglomerate Digital Currency Group (DCG) and its CEO, Barry Silbert, claiming “fraud against creditors.” Genesis, a DCG subsidiary, had been the crypto lender responsible for operating an Earn program in partnership with the crypto exchange. The suit follows an open letter published by Gemini co-founder Cameron Winklevoss, which slammed Silbert for allegedly trying to play the victim card while owing over a billion dollars to Earn’s investors. “Not even Sam Bankman-Fried was capable of such delusion,” Winklevoss wrote in the letter.
Bitcoin bull run incoming: Binance CEO Changpeng Zhao reveals when
Binance CEO Changpeng “CZ” Zhao has delivered his prediction for the next Bitcoin bull market. In a July 5 “ask me anything” session on Twitter, CZ gave his thoughts on the next bull run, explaining that the price of Bitcoin has historically moved in four-year bull cycles, and his best bet was that this would continue to occur. While admitting he couldn’t predict the future, Zhao emphasized the upcoming Bitcoin halving event in 2024 and declared 2025 to be the most likely year for the next bull market, stating: “The year after Bitcoin halving is usually the bull year.“
Lawmakers in the United Kingdom are moving forward with legislation aimed at expanding authorities’ ability to target cryptocurrencies used for illicit purposes. A June 27 version of the bill included provisions to allow authorities greater flexibility in the confiscation and civil recovery of crypto assets. In addition, the legislation clarified the government’s authority over digital assets “intended to be used for the purposes of terrorism” or related reasons. The lawmakers will consider all amendments to the bill before it can be made law by royal assent.
Binance, Coinbase and Gemini staff are among the least happy, data suggests
According to a quadrant chart by tech recruitment firm TrueUp using data from Glassdoor, crypto exchanges, including Gemini, Binance and Coinbase, are home to some of the least happy employees in the industry. The chart shows the happiest and least happy workers across over 27 of most valuable crypto firms on different stages of maturity. The defunct crypto lender Celsius, crypto exchange Gemini and trading firm Amber Group top the list of least satisfied employees, followed by Binance and Coinbase. Binance said its “hardcore” work culture could explain some of the results, while Crypto Recruit founder Neil Dundon warned that the data should be taken with a grain of salt.
Circle, Tether freezes over $65M in assets transferred from Multichain
Multichain has suspended its operations after an unexplained transfer of crypto assets worth millions of dollars took place on July 6.
Coinbase was aware of securities law violations, the SEC claims in letter
According to the SEC, Coinbase recognized the probability that federal securities laws would apply to its operations, openly informing its shareholders about the risk.
What is The Graph, and how does it work?
The Graph is an indexing protocol for Web3 applications that organizes blockchain data to make it easily accessible with GraphQL..
Ripple Labs to revolutionize real estate industry through tokenization
This innovative pilot program aims to enable users to tokenize real estate assets and utilize them as collateral for loans, leveraging Ripple’s CBDC platform.
Open-source advocates launch OP Stack testnet to fund public goods
The Public Goods Network from Gitcoin promises to redirect most net sequencer fees into public goods, instead of giving them to token holders or developers.
Open-source advocates launch OP Stack testnet to fund public goods
The Public Goods Network from Gitcoin promises to redirect most net sequencer fees into public goods, instead of giving them to token holders or developers.
3 reasons why Bitcoin's price is primed to hold the $30,000 level as support
Bitcoin price has been showing weakness near the $30,000 level, but multiple data points highlight the fact that bears remain at a disadvantage.
3 reasons why Bitcoin’s price is primed to hold the $30,000 level as support
Bitcoin’s price gave back some of its recent gains this week, but multiple data points suggest that $30,000 should hold as support going forward.
Bitcoin (BTC) remained within a narrow 4.3% range for the 15 days leading up to July 7. Despite the proximity of the $29,895 to $31,165 range, investors’ sentiment was significantly impacted by an unsuccessful attempt to break above $31,400 on July 6.
Traders’ tendency to overreact to short-term price movements rather than Bitcoin’s year-to-date gains of 82% could be part of the reason for the short-term correction. This same rationale applies to the events related to other cryptocurrencies.
At the forefront of investors’ minds are questions about whether the recent price gains were solely driven by multiple spot Bitcoin exchange-traded fund (ETF) requests.
Other pressing developments include Binance’s chief strategy officer, Patrick Hillmann, and other top compliance officers reportedly leaving the exchange on July 6 over CEO Changpeng Zhao’s response to the United States Justice Department’s investigation. On June 29, the crypto exchange also informed users that its euro banking payment gateway would cease services by September, potentially halting deposits and withdrawals via SEPA bank transfer.
Crypto.com petitions US court to uphold arbitration decision for mistakenly sent $50K
The exchange said it “erroneously deposited” $50,000 into a user’s account in June 2022, receiving no response to requests to return the funds.
Elon Musk's lawyers respond to motion to kick Tesla team off Dogecoin case: ‘waste of this court’s time’
Lawyers representing Elon Musk and Tesla asked a United States district court judge to toss out a motion to have them sanctioned over alleged conflicts of interest in a $258 billion lawsuit alleging Musk participated in an illegal racketeering scheme related to the Dogecoin cryptocurrency.
In a filing dated July 6, Musk and Tesla’s team responded to the June 25 motion filed by Evan Spencer, a lawyer representing the plaintiffs in the case against Musk.
Spencer referred to the defendants’ lawyers as “yes men” in his filing and asked the judge to declare it a conflict of interest for the team to represent both Musk and Tesla. “Defense counsel is acting in this case as concurrent representatives of both Defendants,” reads the complaint, “while their real loyalty is to Elon Musk alone.”
Related: Elon Musk accuses Mark Zuckerberg of cheating: Twitter vs. Threads
The legal team representing Musk and Tesla minced no words in their response, referring to Spencer’s motion as “unsubstantiated” and “frivolous” three times in the table of contents alone.
Ethereum price charts reflect weakness, but inflow to LSDFi could prevent an ETH sell-off
ETH price still struggles to conquer the $2,000 level, but growth in LSDFi could prevent a sharper sell-off.
Ethereum price charts reflect weakness, but inflow to LSDFi could prevent an ETH sell-off
ETH price still struggles to conquer the $2,000 level, but growth in LSDFi could prevent a sharper sell-off.