Crypto News & Tech Updates

2023-06-28 21:00:42 Ironically, the social app IRL‘s users do not exist in real life.

An internal investigation by IRL’s board of directors found that 95% of the app’s reported 20 million users were “automated or from bots,” The Information first reported. So, after raising more than $200 million in venture capital, IRL is shutting down.

IRL was poised to become an event organizing alternative for Gen Z, who are using Facebook less and less. But after raising its SoftBank-led $170 million Series C round at a $1.17 billion valuation, the company’s internal troubles became more obvious. Buka / Bagaimana

2023-06-28 18:30:36 Less than 1% of the world's population uses bitcoin today

But even with this level of global adoption, bitcoin is an asset worth about $0.6 trillion Buka / Bagaimana

2023-06-27 08:01:30 HSBC Hong Kong now lets customers trade bitcoin and ether ETFs. Buka / Bagaimana

2023-06-27 02:30:12 German central bank risks bailout after money printing spree

Bundesbank’s €650bn losses throw ECB’s public sector purchase programme in doubt

Germany’s central bank may need a bailout to cover losses on the debt it hoovered up as part of the European Central Bank’s (ECB) massive bond-buying programme, the country’s federal auditor has warned. Buka / Bagaimana

2023-06-26 10:01:07 Chinese police said that the use of Telegram and the use of digital currencies such as bitcoin for payment has become a new trend in drug crime in China. Buka / Bagaimana

2023-06-25 21:20:39 Bitcoin is up 75% since Jim Cramer told investors to ‘get out’ in January Buka / Bagaimana

2023-06-25 16:11:59 The largest bank in Japan , Mitsubishi UFJ Financial Group, will soon start issuing stablecoins through its own blockchain platform Progmat — at the moment, the bank is negotiating with issuers of popular stablecoins. Buka / Bagaimana

2023-06-23 16:01:45 Binance US expects its banking partners to stop providing transfer services to it in the near future, encourages users to convert US dollars to stablecoins, and also removes most USD trading pairs, providing new pairs in USDT. Buka / Bagaimana

2023-06-23 10:01:36 Crédit Agricole, the world's largest cooperative financial institution based in France, has been licensed to offer crypto custody services in France.

Interesting fact: Two years ago, the managing director of Credit Agricole said that by 2025 bitcoin will be worth less than a dollar Buka / Bagaimana

2023-06-21 18:00:35 According to research by Berenberg Bank, stablecoins and DeFi projects may be the next target of the Securities and Exchange Commission (SEC).

Investment bank Berenberg said the SEC may now focus on requiring stablecoins, including the two largest coins by market cap USDT and USDC, and DeFi decentralized finance protocols to comply with regulations and legislation. Buka / Bagaimana