Bitcoin News and Finance: What You Need to Know

Anthony Scaramucci, the founder of Skybridge Capital, a $3.5 billion asset management firm, has some advice for crypto investors on how to survive a bear market and a crypto bloodbath. Scaramucci on How to Survive Crypto Bear Market Skybridge Capital founder Anthony Scaramucci shared his bitcoin outlook and advice on how to survive the crypto market sell-off in an interview with CNBC Monday. “We are in a bloodbath,” he said. “This is my eighth bear market. I expect to survive this one as well.” Scaramucci opined: I am encouraged by the fact that bitcoin is above 50% of the overall crypto market cap right now, which is another sign that there is a flight to quality there. “Of course, Celsius is putting pressure on it — the same way that the LUNA terra situation put pressure on it about six weeks ago,” he continued. Crypto lending platform Celsius announced Sunday night that it has frozen withdrawals while cryptocurrency terra (LUNA) and stablecoin terrausd (UST) imploded in ear...

PRESS RELEASE. BOSO TOKYO announce the launch of NFT project “BOSO TOKYO” , an identity defining brand in the Metaverse To commemorate its launch, BOSO TOKYO has launched a giveaway campaign for their NFT. Check out the details here for a chance to win a BOSO TOKYO NFT by completing a few simple tasks. ABOUT BOSO TOKYO BOSO TOKYO is an NFT brand that aims to build avatars that can be used as a common identity in multiple metaverses. As a generative NFT, BOSO TOKYO uses algorithms to create random combinations for each avatar’s body, face, clothing, accessories, and other parts. BOSO TOKYO is an original brand of avatars from Tokyo. Unlike the many Japan inspired anime and video game inspired NFTs on OpenSea, BOSO is aspiring to bring forth a completely original collection. Hidetaka Tenjin , the illustrator of Gundam , Star Wars mecha illustrations,has joined BOSO TOKYO as the main designer and is working on creating the avatars. Afromance , Co-Founder of Burning Japan and f...

On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The message written by Blockfi co-founders Zac Prince and Flori Marquez follows a slew of well known crypto firms cutting back employees due to the bear market. Blockfi to Lay off ‘Roughly 20%’ of Its Workforce Digital currency values are not that hot these days, and the crypto economy slipped below the $1 trillion region on June 13. The entire crypto economy shed more than 14% in USD value during the past 24 hours. Crypto prices have steadily dropped for weeks on end and Monday’s market rout was quite gruesome. The leading crypto asset bitcoin (BTC) slid to a low of $22,600 on Monday, and a myriad of other alternative digital assets saw deeper losses. Amid the last few weeks of the crypto economy’s bear market downturn, digital currency companies have been laying off staff . On June 13, B...

The cryptocurrency Winter is (NOT) here to stay. If the media was any indicator of the current state of the cryptocurrency industry, one would think it was time to “pack up” and find a new technology to invest both time and money into. It is true that the cryptocurrency industry is currently experiencing another so called “cryptocurrency winter” and while numerous references may be cited to support that, it is also true that this is not the first nor the worst one. In fact, well supported and funded projects are thriving and now is the perfect time to develop them further. The team behind XTRA.FUND also believes that as well. The platform has been fully functional and live since December 2021, and it is also looking to solve the challenges that not only plagued the cryptocurrency industry since its inception, but will now be an even more predominant topic: making cryptocurrency safe, secure and rewarding at the same time, enough to make it a viable alternative to traditional invest...

Cryptocurrencies are very unstable for them to become a widely used method of payment, the Nigerian and Kenyan central bankers have reportedly said. In addition, the bankers claim that cryptocurrencies also pose a risk to financial stability. Narrowing the Financial Exclusion Gap The Nigerian and Kenyan central bankers have said cryptocurrencies are too volatile to become an acceptable payment method. The bankers also insisted that cryptocurrencies pose a risk to financial stability, a Reuters report has said. As per the report , the bankers namely, Kingsley Obiora, the deputy governor of the Central Bank of Nigeria (CBN) and the Kenyan central bank governor Patrick Njoroge, believe that a central bank digital currency has a better chance of narrowing the financial exclusion gap. The central bankers added that only a central bank digital currency (CBDC) can reduce the cost of transacting. In the report, Obiora, who spoke at an International Monetary Fund (IMF) moderated virtual su...

Human rights defenders from 20 countries have insisted that bitcoin “provides financial inclusion and empowerment because it is open and permissionless.” Together with stablecoins, the cryptocurrency offers “unparalleled access to the global economy” for people from countries whose currencies have either collapsed or are cut off from the rest of the world. Bitcoin as a Financial Inclusion and Empowerment Tool About 21 human rights advocates from 20 different countries have sent a letter to the U.S. Congress wherein they defend bitcoin as well as rebut claims recently raised by some 1,500 computer scientists, software engineers, and technologists. According to the human rights defenders, “bitcoin provides financial inclusion and empowerment because it is open and permissionless.” In their open letter to U.S. congressional leaders, the advocates point to how bitcoin and stablecoins have offered an “unparalleled access to the global economy for people in countries like Nigeria, Turke...