Newsletter Sep 22, 2022
Company Backed By Dubai's Royal Family Partners With CoinCorner To Promote BTC Transactions

"We are committed to making Bitcoin transactions the 'new normal' in the UAE with the help of our unique solutions, facilitating instant and frictionless payments," CoinCorner CEO Danny Scott said.


FTX To Raise $1 Billion At $32B Valuation; Aims To Pour More Money Into Acquisitions

FTX crypto exchange aims to raise $1 billion at a valuation of around $32 billion to fund its acquisition deals.



CEOs Of Major Banks Unwilling To Financially Back Crypto Mining

"I do not believe so," Citigroup CEO Jane Fraser said when asked whether they would back crypto mining activities.

Luna Classic Price Continues To Plummet Despite Impressive Tax Burn Rate

The 1.2% tax burn mechanism intends to reduce the total circulating supply of Luna Classic.

Bill To Implement Ban On Terra-Like Stablecoins For 2 Years: Report

The bill will reportedly make it illegal to create and distribute "endogenously collateralized stablecoins."

Do Kwon 'Moves $250K USDC' To Mysterious Account: On-Chain Data

"Life on the run must be demanding. Are his main accounts being monitored," a critic of Do Kown said.

Crypto On Thursday: Bitcoin Falls Below $19,000 Once Again, Ether Loses $1,300

The crypto market opens on a bearish note as Bitcoin remains below $19,000 and Ether below $1,300.

Twitch Announces Ban Of Crypto Gambling Live Streams From Next Month

The ban, however, does not affect sites that involve fantasy sports, poker and sports betting.

Kraken CEO Jesse Powell Steps Down, COO Dave Ripley To Succeed

"As the company has gotten bigger, it's just gotten to be more draining on me, less fun," Jesse Powell stated.

Inflationary Times Could Be The Right Times For Cryptocurrency Investments

Crypto offers investors singular opportunities, given the state of the economy right now.

Is GameStop's Big Bet on NFTs Going Bust?

The video game retailer's turnaround strategy was always a risky venture.

What Crisis? High-stakes Crypto Lending Looks Here To Stay

On May 11, Scott Odell, an analyst at British crypto lender Blockchain.com, instant messaged Edward Zhao of Three Arrows Capital asking that the Singapore hedge fund repay at least part of a $270 million loan.


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