According to Cointelegraph Research, VCs invested $14.67 billion into blockchain startups Q2. Web3 projects have attracted significant interest. Layer-1 blockchain developer Aptos Labs has closed a $150 million funding round to further its ambitions in the Web3 space, further highlighting venture capital’s appetite for budding crypto-focused startups. The funding round was co-led by venture studios…
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CFTC chair Rostin Behnam spoke at a webinar about how the agency, even lacking broad authority, is trying to keep up with rapid developments in financial technology. The United States Commodity Futures Trading Commission (CFTC), the regulatory agency that shares the main crypto regulatory responsibility with the Securities Exchange Commission, will undergo restructuring to become…
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Elon Musk’s electric vehicle company sold 75% of its BTC in the second quarter. The company’s overall profitability was impacted by inflation and the competition for battery cells. Tesla’s decision to offload most of its Bitcoin (BTC) treasuries netted the company a hefty profit in the second quarter, even as crypto prices plunged into a…
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To lessen the impact of volatility on the overall purchase, investors use the dollar-cost averaging (DCA) investment technique to spread out the total amount to be invested among multiple purchases of a target asset. Many crypto enthusiasts just start investing in cryptocurrencies without a strategy behind it. However, they should be aware that an investment…
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Sam Bankman-Fried, CEO of FTX, believes that the future of crypto is bright in Latam. In a recent interview, Bankman-Fried recognized the rising adoption and demand that cryptocurrencies are experiencing in Latam, stating that use is expected to grow for remittances and payments in the future.
Sam Bankman-Fried Talks Crypto in Latam
Latam…
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The Federal Bureau of Investigation (FBI) has warned crypto investors about a scam using an investment strategy called liquidity mining. “This scam has been responsible for over $70 million in combined victim losses,” said the law enforcement agency.
FBI Warns of Crypto Liquidity Mining Scam
The Federal Bureau of Investigation (FBI) issued an…
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The governor of the central bank of the Philippines has shared his policy on cryptocurrency regulation. “I don’t want it banned,” he said, advising investors not to invest money they cannot afford to lose in crypto.
Philippine Central Bank Governor on Crypto Regulation
Felipe Medalla, the governor of the Bangko Sentral ng Pilipinas (BSP),…
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Bitcoin price extended losses below the USD 22,500 level and declined below USD 21,500. It is currently (03:58 UTC) trading just below USD 21,200 and is down over 3% in a day and 5% in a week. Similarly, most major altcoins are moving lower. ETH traded below the USD 1,450 support level. XRP might soon…
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In an unexpected sign of generosity by a customer, a waitress in Pennsylvania, USA, Mariana Lambert, pocketed a tip of some USD 3,000 on a USD 13.25 restaurant order from an out-of-town customer who said he was involved in crypto. Zachary Jacobson, a manager at Alfredo’s Cafe who was at the restaurant when customer Eric…
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The restaurant chain will give away Bitcoin, Ether, Solana, Avalanche and Dogecoin through an online game. United States-based fast casual restaurant chain Chipotle has started an online game which will give customers the chance to win more than $200,000 in crypto. In a Monday announcement, Chipotle said that, through July 31, fans would be able…
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