Blockchain-Blog-India

Reading Time: 2 minutes The inventor of Ethereum Vitalik Buterin took aim at the controversial Bitcoin price model Stock-To-Flow (S2F). Buterin believes the model is “not looking good” and openly criticized it because it gives crypto investors a “false sense of certainty”. Related Reading | Bitcoin Back At $21K After 75% Drop, Where Does It Go From Here? This creates…

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Reading Time: < 1 minute Shiba Inu (SHIB) is back above Tron (TRX) after a sudden 44% price spike

Reading Time: < 1 minute Crypto lending platform BlockFi has signed a term sheet with leading crypto exchange FTX to secure a $250 million revolving credit facility, BlockFi CEO Zac Prince announced June 21. Today @BlockFi signed a term sheet with @FTX_Official to secure a $250M revolving credit facility providing us with access to capital that further bolsters our balance…

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Reading Time: 3 minutes Ethereum (ETH) co-founder Vitalik Buterin has criticized the Stock-to-Flow (S2F) model for predicting and measuring the value of Bitcoin (BTC), claiming that it creates a false sense of financial security about the digital asset’s value. According to Buterin, financial models like the S2F give people false assurance that the “number will go up” before adding…

Read More “Vitalik Buterin calls Plan B’s Stock to Flow Bitcoin model “harmful”” »

Reading Time: 2 minutes Rolling Stone and BAYC have teamed up to release two nonfungible tokens (NFTs), one of which will be a BAYC and the other a MAYC. Of this these two NFTs, one will be a BAYC and the other MAYC. The tweet read that the NFTs are set to debut on June 22, and the live…

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Reading Time: 2 minutes The cross-chain liquidity protocol THORchain (RUNE) has finally achieved mainnet status after four years of development. The network boasts of being “the first and still the only protocol to facilitate asset swaps between chains in a permissionless, trustless and non-custodial setting.” The THORchain team has announced, “From its inception in 2018 until now, THORChain has…

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Reading Time: 2 minutes Data shows the Bitcoin supply older than 1 year has shown accelerating movement recently, suggesting even the crypto’s stronger hands are feeling the fear in the market. Bitcoin Diamond Hands Are Starting To Budge In Current Market According to the latest weekly report from Glassnode, BTC’s older supply has been observing selling in recent days….

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Reading Time: 2 minutes The Federal Reserve views stablecoins as an area of concern due to the recent strain on the digital assets, noting that this has highlighted the “structural fragilities in that rapidly growing sector.” In a June 17 monetary policy report, the agency said that structural vulnerabilities remain at some money market funds, bond funds, and stablecoins…

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Reading Time: < 1 minute ECB’s Christine Lagarde wants to regulate cryptocurrency staking and lending

Reading Time: 2 minutes Twitter’s board unanimously recommends that shareholders vote for Elon Musk’s $44 billion bid to take over the social media company, a June 21 SEC filing shows. According to the filing, Musk’s offer for Twitter would earn each shareholder $54.20, which is ahead of the company’s current shares value of $38. The board has urged the…

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