Investor trust in the crypto market has seen slight improvement as there is a positive trend seen. These changes have resulted in the plans for the purchase of stakes from Barclays, a British bank. Sky News has disclosed the details of the plans for its investment in crypto. Last week a new report from top US financial analysts suggested that the winter for crypto might be coming to an end. The result is in the form of increased investments from corporate firms to reap the benefits.
Centralized crypto lender Voyager Digital Holdings has rejected an offer from FTX and its investment arm Alameda Ventures to buyout its digital assets on the grounds that the actions “are not value-maximizing" and potentially "harms customers."
In its weekly update on 23 July, the Tron network informed its users of the important ecosystem developments on the network between 16 July and 22 July.
The U.S. Securities and Exchange Commission (SEC) has been heavily criticized for its approach to regulating the crypto sector. The criticism followed the securities regulator’s action against a former Coinbase employee in an insider trading case, in which the SEC named nine crypto tokens listed on Coinbase as securities.
The recent crypto credit crisis has shown the resilience of DeFi protocols as opposed to centralized lenders. Among those is Uniswap which has managed to stay afloat in these intense market conditions.
Three months ago, there were 441,546 wrapped or synthetic bitcoins on the Ethereum and Binance Smart Chain worth $17.45 billion using exchange rates on April 24, 2022. Since then, that number has dropped by 53,582 synthetic bitcoins and today the number of wrapped or bonded bitcoins is approximately 387,964 worth $8.81 billion in value.
The chief executive officer of blockchain technology company Blockstream says people are better off using fiat currencies or stablecoins than holding central bank digital currencies (CBDCs).