Hodler’s Digest, May 29-June 4 -Breaking
Fed Money Printer goes in reverse. What does this mean for cryptography?
In the past two years, the United States Federal Reserve flooded financial markets with excessive liquidity, which has helped stocks, crypto, and other markets. In order to counter inflation, the Fed has decided to move in the other direction. The central bank began the process of quantitative tightening, which is a combination of raising interest rates and increasing them. While it’s unclear how the crypto market will respond to Feds QT, there is no doubt that the long-term outlook wont be favorable for risk assets.
Gemini sued by CFTC for allegedly lying about futures contracts evaluation
United States cryptocurrency exchange Gemini is facing U.S. Commodity Futures Trading Commission action (CFTC), for certain alleged actions dating back to 2017. The CFTC claims that Gemini acted indecently during 2017’s push to include futures trading contract options to its offering. According to the commission, Gemini wasn’t honest in its assessment process.
To stimulate spending, City of Shenzhen drops 30M digital Yuan in free.
South Korean government invests in Metaverse early
Japan approves bill that will limit the issuance of stablecoin to trust and banks
Bitcoin may hit $14K in 2022 but buying BTC now ‘as good as it gets:’ Analyst
Investors dump on LUNA2 tanks at 70% within two days
New York State Senate passes Bitcoin mining moratorium
OpenSea charges former manager of product with insider trading
You can now clone NFTs as ‘Mimics’: Here’s what that means
Failing better: Scott Melker on how to defy the odds by crypto trading
It is possible that crypto-anonymous culture may lose its significance