Crypto should not be given official currency, legal tender status – IMF

Ad The International Monetary Fund (IMF) warned that giving cryptocurrencies the status of legal tender or official currency could lead to adverse effects on the monetary sovereignty and stability of a nation. The UN financial agency considers this to be the first of nine elements to create effective policies for crypto assets, according to a…

Voyager, FTX reach agreement on $445M loan

Latest Report The SEC vs. Paxos: A deep dive into the implications of the lawsuit and its effects on stablecoins The SEC’s notice to Paxos to stop minting BUSD could have longstanding implications on the crypto market. CryptoSlate’s new report explores the recent and potential consequences of enforcement action against Paxos. Andjela Radmilac · 5…

Fed minutes do little to shake crypto markets with BTC down 2.7%

Ad Fed minutes in-brief: 2% targeted inflation Low unemployment, 3.5% Fed funds target rate, 4.5% to 4.75%. Debate among meeting participants whether to raise interest rates by 50 basis points BTC remains stable at around $23.8k, down 2.7% 24H. Committee outlook The Fed released its latest round of minutes today, announcing that job market conditions…

The on-chain metric that could signal a bear market reversal

Ad Realized price is a metric often used to determine market movements in bear and bull markets. Defined as the value of all Bitcoins at the price they were bought divided by the number of circulating coins, realized price effectively shows the cost-basis of the network. Dividing the network into cohorts can help us reflect…

Reddit Avatar NFTs’ market cap exceeds $35 million

Latest Report The SEC vs. Paxos: A deep dive into the implications of the lawsuit and its effects on stablecoins The SEC’s notice to Paxos to stop minting BUSD could have longstanding implications on the crypto market. CryptoSlate’s new report explores the recent and potential consequences of enforcement action against Paxos. Andjela Radmilac · 4…

Coinbase saw 66% decline in transaction revenue in 2022 but remained “resilient”

Ad Coinbase published its end-of-year shareholder letter today, Feb. 21, in which it described its financial standing for the previous quarter and for the entirety of 2022. Coinbase publishes revenue, shareholder data Coinbase said that it saw its total trading volume for 2022 decline by 50% year-over-year. It also saw its transaction revenue for 2022…

Former Binance executive aims to raise $100M to start crypto adoption focused VC

Ad Bill Qian, the former head of venture capital investments and acquisitions at Binance Holdings Ltd., says he aims to raise over $100 million through a new crypto venture capital fund. Qian told Bloomberg he sees a need for significant user growth as one of the crypto industry’s most critical challenges, a key factor in…

British MP Matt Hancock launches NFT charity project for Ukraine

Ad British MP Matt Hancock is continuing his mission to support blockchain technology through a new NFT collection called “From Ukrain with Love,” according to a statement given to CryptoSlate. From Ukraine with Love The NFT collection comprises works painted by Ukranian artist Oleg Mischenko before the war and will be sold at The NFT…