Author: Coindesk
Bitcoin (BTC), the leading cryptocurrency by market value, fell nearly 15% to under $60,000 last month, snapping a seven-month winning trend. The sell-off came as an overheated bull market ran into broad-based risk aversion characterized by renewed tensions in the Middle East, dwindling probability of rapid Fed rate cuts this year and strength in the dollar index. Read the full article here
The Crypto Asset Committee has representatives from Bappebti, various government ministries, crypto bourses, clearing institutions, associations, academics and relevant practitioners. The committee will analyze industry reports, manage a central database, assess crypto asset risks and have the authority to propose adding or removing assets from the list. Read the full article here
Users only need to deposit rswETH and eETH in Lyra and mint a yield-bearing derivative token, which then automatically executes a predefined yield-bearing strategy on-chain. In other words, any yield-bearing strategy can be automated and packaged into a composable ERC-20 token, which can be used elsewhere. Read the full article here
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Recently, the Conservative party faced a blow as local election results indicated a large swing towards Labour. Labour managed to attain 1,158 local councilor seats and gained 186, whereas the Conservatives only attained 515 councilor seats and lost 474, falling behind the Liberal Democrat party, according to BBC data. Read the full article here
Interestingly, crypto seems to be of particular importance in key battleground states including Arizona, Michigan, Montana, Nevada, Ohio and Pennsylvania, according to an online Harris Poll survey of over 1,000 voters in each state commissioned by DCG in early April. One-third of voters with “crypto-positive” views think politicians should make regulating crypto a priority. Read the full article here
Robinhood also handily beat its first-quarter sales and earnings estimates. The company reported $618 million in revenue in the quarter, ahead of analyst estimates of $552.7 million, according to FactSet data. First quarter earnings were $0.18 per share, topping the average analyst expectation of $0.06. Read the full article here
Exploration, I think. That’s the major thing. A lot of people are saying, “Okay. I’ve heard about this Bitcoin thing. So how do I use it?” So a lot of people create an account and then look around, and then you’re like, “Oh, okay. This person hasn’t came back.” And then an all-time high comes around, and then that person is back again. Read the full article here
This principle has made possible a long list of home-grown internet applications that live at the endpoints and run on the network. Many, like YouTube and Netflix, or Zoom and Facetime, are core components of American (and global) social and work life. Without net neutrality regulations, network providers could have stopped Zoom or Facetime from ever coming into being, favor their own services over any potential new entrants, and pick and choose who they compete with, if you can even call that competition. Read the full article here
The U.S. House of Representatives is poised to vote on a resolution Wednesday to reject the Securities and Exchange Commission (SEC) cryptocurrency accounting guidance that the industry said has deterred banks from handling crypto customers, but President Joe Biden is already promising he’ll veto the effort if it hits his desk. Read the full article here