Bitcoin BTC Price Settles Above $27K After Early Wednesday Dip Amid Rate Hike, Inflation Worries

In a Telegram message to CoinDesk, Strahinja Savic, head of data & analytics at crypto-focused, institutional capital markets and advisory platform FRNT Financial, noted that stocks and cryptos had fallen together instead of diverging as they have over the past couple of months. “Today crypto dips with risk assets, tomorrow it may not,” Savic wrote. […]

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Investment bank TD Cowen shuts crypto unit a year after opening

Just over a year after launching its crypto unit, American independent investment bank TD Cowen has announced the shutdown of Cowen Digital, though it has not provided a clear reason why. The multinational bank launched Cowen Digital in March 2022 to provide institutional clients exposure to the crypto market via 16 crypto assets including Bitcoin […]

Continue Reading denies liquidity problems after Multichain CEO goes missing

Centralized crypto exchange denied rumors of illiquidity on May 31, stating that “there are no issues with our operations or withdrawals as rumored.” The statement comes after numerous Twitter channels had alleged that the exchange was experiencing insolvency due to an alleged connection between it and the cross-chain router protocol Multichain (MULTI). The […]

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Telco giant Deutsche Telekom partners with Polygon

Deutsche Telekom has joined Polygon as a network validator. The telecommunications giant’s subsidiary Deutsche Telekom MMS will offer staking services to Polygon POS and Supernets. Deutsche Telekom MMS provides validation and staking services on Ethereum, Flow and Chainlink among other chains. Deutsche Telekom, the Germany telecommunications giant that has recently been actively expanding its footprint […]

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JPMorgan analyst sees a ‘conditional’ upside to $45,000 in Bitcoin

Nikolaos Panigirtzoglou says BTC should be trading at $45,000. His forecast is based on gold that’s currently near the $2,000 level. Despite recent weakness, Bitcoin is up more than 60% year-to-date. Nikolaos Panigirtzoglou – a JPMorgan analyst remains bullish on Bitcoin even though it has taken a hit in recent weeks. A gold-based forecast for […]

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Fantom starts paying developers to generate gas fees

A new program from the Fantom Opera network (FTM) team will pay developers for the gas fees they generate from users, according to a May 31 announcement. Specifically, the “Gas Monetization Program” will pay eligible developers 15% of the total gas fees their apps generate. Gas Monetization on #Fantom is live! ⛽ The program provides […]

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Web3 developer Magic raises $52M in funding led by PayPal Ventures

On May 31, San Francisco-based wallet-as-a-service (WaaS) provider Magic announced that it had successfully raised $52 million in a strategic funding round led by PayPal Ventures. The funding round also saw participation from venture firms Cherubic, Synchrony, KX, Northzone, and Volt Capital, bringing Magic’s total funds raised to over $80 million.  Magic’s software is currently […]

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