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π Black Wednesday is the new Black Thursday β οΈlink :
π Black Wednesday is the new Black Thursday β οΈ
π Black Wednesday is the new Black Thursday β οΈ
| Hope everything is alright, Geckos.
π©Έβ οΈπ€ While it is impossible to single out the main reason for Bitcoin's (BTC) crash, here are some of the potential reasons why:
On Tuesday, Reuters published a misleading headline suggesting that China banned BTC, when in fact, that wasn't the case. Elon Musk's tweet suggested Tesla was dumping its $1.5 billion Bitcoin stash. Overleveraged users led to cascading liquidations of up to $8 billion. Tether's (USDT) published a breakdown of its reserves which were not cash-centric. Broader macroeconomic trends such as inflation warnings led to growing fear and uncertainty.
In today's news, US regulators are spooked, PancakeBunny gets exploited, and Instagram might build an NFT platform?
Read on! | | | | |
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Join now | | BTC's Crash Raises Concern from US Regulators According to a Bloomberg report, financial regulators from Capitol Hill are still unsure how to regulate the volatile markets.
Federal Reserve's Vice Chairman of Supervision, Randal Quarles, has reiterated that they 'are in the process at the Fed of studying the various ways to address this issue'.
Although such large corrections are common in crypto, some regulators appear unnerved and have also proposed an inter-agency task force on crypto tokens.
Cointelegraph | | Bunnies ate all the Pancakes and Ran Off PancakeBunny (BUNNY), a DeFi protocol on the Binance Smart Chain, is the latest victim of a whopping $200 million hack.
The hacker used a flash loan exploit on the BUNNY/BNB pool and made off with 697,000 BUNNY and 114,000 Binance Coin (BNB).
Notably, a transaction message was left behind that read "ArentFlashloansEaritating'; leading many to speculate on whether Binance will roll back the incident.
Cointelegraph | | Instagram joins the NFT Hype Train Instagram is hosting a 'professional development series' for content creators regarding NFTs.
5000 invites were sent out to Instagram content creators which intend to obtain feedback on how both Instagram and Facebook can better support their work.
Sean Williams, an NFT artist and one of the invitees, believes that the event is a "high level business consulting" in panel form, and indicated that Instagram is looking to build out an NFT platform.
The Block |
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| | | | | CoinGecko's Monthly Virtual Meetup is back!
The Binance Smart Chain (BSC) has recently taken the crypto space by storm and is now booming with lots of activity. Users can swap tokens, enter decentralized money markets, and even get their hands on some cute NFTs!
Join us as we take a deep dive into the Binance Smart Chain ecosystem with Leo Cheng (Co-founder & Project Lead at C.R.E.A.M. Finance), Nicholas Chan (Co-founder of Refinable), and Calvin Chu (Impossible Finance).
Make sure you stick around after our discussion for some awesome music from DAO Records! It's going to be a fun afterparty with DJ's Hedonism, Netunoblu, and Nullzero! | | | | | |
The Aftermath Artist: silviovieiraart Gallery: Foundation
π±
-Words,
Like doves,
At the end of the world,
Expand,
A message,
A truth to be told,
Between mountains,
Lava,
Don't follow the dishonored,
Rise,
New thoughts to be conquered.-to gallerySee it on OpenSea
Check out other NFTs on CoinGecko
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