A curated weekly summary of forward-focused crypto news that matters. This week, derivatives dilute the value of Bitcoin, FTX extends a credit line to BlockFi, and Federal Reserve Chairman Powell says crypto needs a "better regulatory framework."
The Bitcoin (BTC) price recovered slightly and is up almost 8% this week. It currently hovers around the US$21K level. Ether (ETH) and Binance-coin (BNB), the second and third largest (non-stablecoin) assets on Brave New Coin’s market cap table, also had a comeback, and are both up by about 15%.
Digital asset prices took a serious hit following the Terra/LUNA debacle on May 8th. Just last week, after the Celsius Network had frozen customer withdrawals, we noted that on-chain analysts had reported observing funds from Celsius in Terra’s Anchor Protocol (before the crash) and over a half a billion dollars worth of funds being withdrawn from the protocol.
To add another infrequently-discussed twist, Custodia Bank founder and CEO Caitlin Long...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...