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Messages - Galaxy

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46
JP Morgan’s chief has again made clear his stance on Bitcoin. Clients of the U.S.’s largest investment bank are, however, much less bearish.

Despite a 17% rise in the price of Bitcoin over the past week, one crypto bear remains unenthused.

“I personally think Bitcoin is worthless,” said Jamie Dimon, CEO of JP Morgan, during the annual meeting for the Institute of International Finance. It's the latest in a succession of bearish statements from Dimon over the years. Source


47
The donation to the global humanitarian organization made up a quarter of the proceeds of an NFT sale. Médecins Sans Frontières (MSF), an international humanitarian organization offering medical help around the world, has received approximately $3.5 million worth of Ethereum as a donation—drawn from the proceeds of an NFT sale.

The donor—who remains anonymous—is “supported” by the Generative Art and Art Blocks communities, which have sprung up around the work of non-fungible token (NFT) artists. Source


48
”Name” of campaign: Signature campaign
BTT username: Galaxy
Link to BTT: https://www.altcoinstalks.com/index.php?action=profile;u=74552
Telegram username: @galaxy377
Bitgame Account ID (the one with numbers): 139099303

49
The World Bank has refused to help El Salvador implement Bitcoin as legal tender, citing environmental and transparency concerns. The World Bank has refused a request from El Salvador to assist in the country’s implementation of Bitcoin as legal tender. The financial institution gives grants or technical assistance to countries pursuing large financial projects.

When it comes to Bitcoin, the World Bank has said it is concerned about transparency and the leading cryptocurrency’s impact on the environment. Source


50
The SEC has delayed another Bitcoin ETF hopeful this week, this time pushing the deadline back until as late as August.

The U.S. Securities and Exchange Commission (SEC) has delayed its decision on VanEck’s Bitcoin exchange-traded fund (ETF), called the VanEck Bitcoin Trust.

This is the second time this week that the Commission has pushed back a decision on a Bitcoin ETF. On June 15, the SEC postponed its decision on Kryptoin's ETF filing.Source


51
SafeMoon is releasing a wallet for beta testing, but details are under wraps. If you've scrolled past the #SAFEMOONWALLET hashtag blaring on Twitter today, you may not have realized the token with a $2.5 billion market cap—sometimes derided as a Ponzi—has some actual product news.

Cryptocurrency project SafeMoon today opened sign-ups for a closed beta version of its wallet. It's welcoming 500 users to test the product, which will purportedly hold the SafeMoon token. Source

52
NYDIG and FS Investments have filed paperwork with the SEC for a Bitcoin investment fund. Morgan Stanley is ready to refer its clients. Morgan Stanley's wealth management clients may soon have even more options for getting into Bitcoin.

New York Digital Investment Group (NYDIG), a "financial services firm dedicated to Bitcoin," and FS Investments have filed paperwork with the US Securities and Exchange Commission (SEC) for a pooled investment fund aimed at clients of US mega-bank Morgan Stanley. Source

53
Fox Corporation, the company behind Fox News, is funneling $100 million into a creator fund to expand its emerging NFT business. In May, Fox Entertainment first announced the launch of Blockchain Creative Labs, a non-fungible token (NFT) marketplace of sorts. The media titan said that the marketplace would sell digital goods, including NFTs, “that provide exclusive social experiences to engage and reward super fans.”

Now, with a fresh $100 million, Fox Entertainment and its animation studio, Bento Box Entertainment, are doubling down on these ambitions. Source


54
The Central American Bank for Economic Integration will assist El Salvador with technical support. The president of the Central American Bank for Economic Integration told a press conference today that the region's most prominent multilateral bank will assist El Salvador in establishing Bitcoin as legal tender in the country.

Dante Mossi told reporters that the development bank will establish a "technical team" to assist the government of El Salvador. In a message to El Salvador President Nayib Bukele and his government, Mossi said: "We feel very proud that your government's first choice in soliciting help and support with the implementation is the Central American Bank for Economic Integration." Source


55
Coinbase / Coinbase Listing and Parachain Progress Boost Polkadot 16%
« on: June 15, 2021, 01:11:25 PM »
The eighth-largest cryptocurrency by market capitalization has enjoyed a hefty boost after Coinbase Pro announced it would list Polkadot’s DOT token on the exchange. The American cryptocurrency exchange Coinbase will soon begin trading DOT, the native token for Polkadot. A blog post reported that inbound transfers have already begun, and trading would kick off on June 16.

DOT has since risen by more than 16%, thanks to what is commonly called the “Coinbase effect.” In a report from Messari, an analysis outlet, the average returns five days after a token listing on Coinbase is 91%. Source

56
The Swiss digital assets bank is launching institutional-grade custody and trading services for DeFi tokens, with yield-generating products to follow. Swiss digital asset bank Sygnum is launching institutional-grade custody and trading services for a portfolio of decentralized finance (DeFi) tokens. DeFi refers to the sector of crypto that seeks to recreate many of the same offerings of traditional finance but without intermediaries.

In an announcement, the bank revealed that it will launch regulated banking services for Aave (AAVE), Aragon (ANT), Curve (CRV), Maker (MKR), Synthetix (SNX), Uniswap (UNI), and 1inch (1INCH). Sygnum will also provide custody and trading for the stablecoin USD Coin (USDC). Source

57
The US Securities and Exchange Commission (SEC) is preparing to disclose a massive amount of emails and internal documents about Bitcoin, Ethereum, and XRP. But it wants more time.
The US Securities and Exchange Commission (SEC) wants a New York Court to give it two more months to disclose emails and internal documents on Bitcoin, Ethereum and XRP.

“Making careful, good-faith determinations of applicable privileges, as is required in these circumstances, is a sensitive, time-consuming endeavor,” the SEC wrote in a letter to the court on Friday. Source


58
At least not explicitly. Take a closer look, however, and there are several opportunities for regulators to get their feet wet.
The Securities and Exchange Commission (SEC) isn't too preoccupied with cryptocurrency at the moment.

The agency released its regulatory agenda for the spring and summer on Friday, and crypto isn't on it, despite SEC Chair Gary Gensler's recent statements that consumers would benefit from regulation of exchanges and that the agency should be ready to enforce crypto cases. Source


59
Elon Musk tweeted about Tesla and Bitcoin, and BTC went up—a reversal from the recent history of Musk and Bitcoin.
Bitcoin is on the move again, thanks to an Elon Musk tweet.

The Tesla CEO and Dogecoin lover said in a tweet on Sunday that Tesla “will resume allowing Bitcoin transactions” if and when there’s “confirmation of reasonable (~50%) clean energy usage by miners with positive future trend.” Bitcoin popped nearly 1% after the tweet to $37,650. Source

60
Crypto is “a lousy investment,” and “a haven for illegal activity," says the U.S. Senator. During a hearing on the development of a potential central bank digital currency, Senator Elizabeth Warren criticized cryptocurrencies for their role in facilitating scams, ransomware attacks, and pollution.

In her opening statement, Warren called crypto a “fourth-rate alternative to real currency,” thanks to its being a “a lousy way to buy and sell things,” “a lousy investment,” and “a haven for illegal activity.” Source

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