Blockchain and Crypto News

Don’t miss real-time updates

Decentral Block Post

Access real-time blockchain and cryptocurrency news updates from around the globe.

University of Cincinnati turning crypto craze into educational curriculum

The programs, which are funded by a longtime supporter of the university, will teach students about Bitcoin and other digital assets.

Transparent financial systems won't get real traction, blockchain exec argues

Anoma founder Adrian Brink pointed out that using a transparent system means that "your neighbor can see how much money you hold, what your daily preferences are.”

Polygon price jumps 60% in four days amid 'pretty big' MATIC accumulation

Polygon (MATIC) took a break from its prevailing bearish course, posting one of sharpest rebound in the crypto market this week.

Notably, MATIC's price has risen to $0.50 this June 23, four days after hitting $0.317, its lowest level since April 2021. This amounts to roughly a 60% gain, surpassing the performances of even Bitcoin (BTC) and Ether (ETH) in the same timeframe. 

MATIC/USD daily price chart. Source: TradingView

Nevertheless, MATIC is still down significantly from its December 2021 high of $2.92, coinciding with the overall crypto bear market and a hawkish Fed putting pressure on risk-on assets. 

MATIC "in a pretty big accumulation"

Meanwhile, some of its richest investors have been accumulating MATIC tokens despite the general downtrend, on-chain data suggests.

Notably, the so-called MATIC sharks and whales have been in accumulation, according to data provided by Santiment. That includes the tiers of Polygon token holders ranging from 10,000 to 10 million coins, which have "collectively added 8.7% more to their bags" since May 9.

image

Polygon price jumps 60% in four days amid 'pretty big' MATIC accumulation

Polygon (MATIC) took a break from its prevailing bearish course, posting one of the sharpest rebounds in the crypto market this week.

Notably, MATIC's price has risen to $0.50 this June 23, four days after hitting $0.317, its lowest level since April 2021. This amounts to roughly a 60% gain, surpassing the performances of even Bitcoin (BTC) and Ether (ETH) in the same timeframe. 

MATIC/USD daily price chart. Source: TradingView

Nevertheless, MATIC is still down significantly from its December 2021 high of $2.92, coinciding with the overall crypto bear market and a hawkish Fed putting pressure on risk-on assets. 

MATIC "in a pretty big accumulation"

Meanwhile, some of its richest investors have been accumulating MATIC tokens despite the general downtrend, on-chain data suggests.

Notably, the so-called MATIC sharks and whales have been in accumulation, according to data provided by Santiment. That includes the tiers of Polygon token holders ranging from 10,000 to 10 million coins, which have "collectively added 8.7% more to their bags" since May 9.

image

Wire Network's new protocol aims to end Web3 interoperability woes

The protocol promises to eliminate complexities seen with existing interoperability solutions and requires no bridges or oracles to integrate.

Bybit enters into settlement agreement with Ontario Securities Commission

Bybit is currently holding listing discussions with the provincial regulator, and if the process fails, the firm will cease operations in Ontario.

GitHub users respond with 'Bitcoin bill' idea to Gillibrand-Lummis bill

The senators seek comments from industry stakeholders, consumers and interested parties.

Coinbase to shut down Coinbase Pro to merge trading services

Launched in 2018, Coinbase Pro is designed to feature unlimited trading volumes, supporting more than 250 cryptocurrencies.

On the brink of recession: Can Bitcoin survive its first global economic crisis?

Bitcoin has not seen a full-blown recession since it was launched as a response to the 2008 global financial crisis.

On the brink of recession: Can Bitcoin survive its first global economic crisis?

Bitcoin has not seen a full-blown recession since it was launched as a response to the 2008 global financial crisis.

Crickets on day 1, but Proshares short Bitcoin ETF volume up 380% on day 2

A slow first day of trading on the short Bitcoin ETF may have been nothing but a slight hiccup in ProShares’ newest product as volumes grew on the second day.

Crickets on day 1, but Proshares short Bitcoin ETF volume up 380% on day 2

A slow first day of trading on the short Bitcoin ETF may have been nothing but a slight hiccup in ProShares’ newest product as volumes grew on the second day.

Nexo hires Citibank to advise on acquisitions during market turmoil

“We’re in this together” — Crypto lending platform Nexo has appointed Citibank to advise on acquisitions from struggling crypto firms.

Voyager’s 60% share price plunge leads sea of red for crypto stocks

VYGVF dropped as much as 60% during regular trading hours on June 22 before closing at $0.5998 to mark a drop of 50.84% for the day.

Binance U.S. makes BTC trading fee-free as competitors feel the heat

Brian Shroder, CEO of Binance.US, said the zero-trading fees would generate positive user sentiment and said there are plans to expand the list of tokens that will offer zero-fee trading in the future.

DeFi Summer 3.0? Uniswap overtakes Ethereum on fees, DeFi outperforms

Fees spiked to a high of $8.36 million for Uniswap on June 15, beating out Ethereum on the same day at $7.99 million, and coincided with an 8.7% pump for UNI.

China warns Bitcoin is heading to zero but BoE looks on the bright side

Official Chinese national news media outlet warns readers that Bitcoin could go to zero value in order to dissuade them from investing in and using cryptocurrency.

‘Rush of radical rulemakings’ — Hester Peirce criticizes SEC agenda

Peirce has called for regulatory clarity around certain issues relating to crypto as part of the SEC Spring 2022 Regulatory Agenda, which was released on Wednesday.

Meta set to begin testing NFTs on Instagram Stories with Spark AR

Earlier this week, Meta also announced it would join with other tech companies to create a Metaverse standards body.

Meta set to begin testing NFTs on Instagram Stories with Spark AR

Earlier this week, Meta also announced it would join with other tech companies to create a Metaverse standards body.

Image