It seems NFT-themed Bored & Hungry restaurant no longer accepts crypto

The alleged removal is a bit strange considering Bored and Hungry only opened its doors back in April. The Los Angeles Times reported Friday that recently opened NFT-themed burger joint Bored & Hungry no longer accepts cryptocurrency as a form of payment for its food.When questioned, one Bored & Hungry employee told the Los Angeles Times “Not today — I don’t know.” The individual didn’t give any indication of when the decision was made to cut crypto from the menu of payment options, nor did they know if crypto payments would be making a return.Bored & Hungry initially launched back in April of this year. At the time

Gensler appeals for ‘one rule book’ in negotiations with CFTC over crypto regulation

In an interview with The Financial Times, SEC chair Gary Gensler said he is working on a memorandum of understanding with the agency’s digital asset market co-regulator. United States Securities and Exchange Commission (SEC) chair Gary Gensler is in talks with Commodity Futures Trading Commission (CFTC) officials on a “memorandum of understanding” on the regulation of digital assets.

Market Wallows In Extreme Fear As Bitcoin Struggles To Hold $20,000

Bitcoin has been struggling in recent times and even with the recovery, continues to find it hard to hold above the $20,000 level.

Crickets on day 1... but Proshares short Bitcoin ETF volume up 380% on day 2

A slow first day of trading on the short Bitcoin ETF may have been nothing but a slight hiccup in ProShares’ newest product as volumes grew on the second day. The first short Bitcoin ETF from ProShares got off to a very slow start on its June 21 launch but gathered pace by increasing trading volume 380% on day two.On launch day June 21, the ProShares Bitcoin Short Strategy Exchange-Traded Fund (BITI) traded a lackluster 183,300 shares which ETF analyst at Bloomberg Eric Balchunas noted in a tweet was “less than 1% of the volume $BITO had at this time on Day One.”However the next day’s trading volume jumped nearly four times to 886,200 shares worth about $36.2 million according to Yahoo Finance.ProShares #Bitcoin short strategy ETF (BITI) trades over 870k shares, 35 million value, on second trading dayhttps://t.co/gyfMcm4UOz— unfolded.

For Ethereum's conservative traders, risk would be to enter short position below...

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. Ethereum [ETH] has seen rough times in reThe post For Ethereum's conservative traders, risk would be to enter short position below...

Huobi Accuses Ex-Senior Manager of Illicit Trading

A former senior manager at crypto exchange Huobi has been accused of illicit trading, according to a report from the Financial Times.

Gold Proves To Be A Safe Haven Asset Amid Bitcoin Crash

The advantages of holding bitcoin over gold have been publicized and debated countless times.

CryptoPunk Sale Raises $100K in Ethereum to Support Ukraine War Effort

The NFT was valued at almost three times that amount when it was donated in March, before the latest crash.

‘Bitcoin Is Dead’ Google Searches Skyrocket, Bitcoin Obituaries Records 15 Deaths This Year

According to the Bitcoin Obituaries list, bitcoin has died 15 times in 2022, and the last obituary written about bitcoin’s death was on June 18, in a recent statement that said: “Bitcoin Will Not Recover.” Interestingly, Google Trends data shows that the search phrase “bitcoin is dead,” is estimated to hit an all-time high this […]

Elon Musk gets hit with ‘ridiculous’ $258B Dogecoin lawsuit

The class-action lawsuit has raised many eyebrows in the crypto community, with many confident the suit will not be successful. Billionaire Elon Musk, along with his companies SpaceX and Tesla Inc, are all being sued for an astonishing $258 billion in damages for being “engaged in a crypto pyramid scheme” involving Dogecoin (DOGE).The damages sought are more than 34 times Dogecoin’s current market cap of $7.5 billion and nearly three times its ATH market cap of $88.68 billion in mid-2021.

Mark Cuban says crypto crash highlights Warren Buffett's wisdom

The billionaire crypto investor admits there are still hard times ahead for most financial markets, but says that as long as the crypto space produces new tech, it will be fine. Billionaire crypto investor and owner of the Dallas Mavericks Mark Cuban says the current market downturn reminds him of a well-known adage uttered by Warren Buffett.Cuban sees a parallel between the rise and fall of crypto markets and projects, and the 91-year-old ‘Oracle of Omaha’s aphorism that:  "Only when the tide goes out do you discover who's been swimming naked."Cuban’s observation was revealed during a June 16 interview with Fortune in which he discussed what he sees as flawed business models of some crypto projects that have fallen on hard times over the past two months.

Banking uses 56 times more energy than Bitcoin: Valuechain report

Analysis of Bitcoin’s Proof of Work and the Lightning Network exposes the banking system as energy hungry, demonstrating that Bitcoin is better for the planet. Fresh figures on Bitcoin’s (BTC) energy consumption, efficiency and scalability serve to expose the banking sector while bathing the world's largest cryptocurrency in a new light. A research report published by Michel Khazzaka, an IT engineer, cryptographer and consultant, calculates that Bitcoin payments are a "million times more efficient" than the legacy financial system.

‘Builders rejoice’: Experts on why bear markets are good for Bitcoin

Crypto winters are actually good for Bitcoin as some pivotal BTC projects like the Lightning Network were born during bear markets. The crisis has triggered a wave of panic in the community, with the Bitcoin miners’ selling activity surging to seven-month highs as the BTC mining profitability has dropped to October 2020 levels.Bitcoin’s Fear and Greed Index fell posted the lowest records since pre-pandemic times in Q3 2019, dropping to seven and indicating “Extreme Fear” on June 15.These and other recent events in the industry do not look good, but only at first glance, according to some industry experts and executives.People in the industry continue to reiterate that bear markets are actually good for Bitcoin and healthy for the crypto industry as they remove speculators and scams, while providing space to build real and great products and services.“The current situation is good for Bitcoin in the long term, cleansing the market from leverage, scams and dishonest institutions,” Trezor Bitcoin analyst Josef Tětek told Cointelegraph.According to Tětek, previous bear markets have spawned many pivotal projects, including the Lightning Network, a major Bitcoin-related project enabling cheaper and faster Bitcoin transactions.

Legal battle avoided after YGG and Merit Circle DAO agree to a deal

The passing of an investment proposal brought into question a legal agreement between the organizations and the Merit Circle DAO agreed to a counterproposal that would ensure a settlement. A potential legal battle has been prevented between the Merit Circle decentralized autonomous organization’s (DAO) backing company Merit Circle Ltd and Yield Guild Games (YGG) after the organizations reached a deal after the DAO originally voted to remove YGG.Merit Circle Ltd is a company that created the Merit Circle DAO to help gamers interested in play-to-earn games by lending items from its treasury to be used for gameplay as well as delivering educational content.Originally, the DAO passed a proposal that would cancel YGG’s Simple Agreement for Future Tokens (SAFT) and refund it only with its initial 175,000 USD Coin (USDC) seed contribution.Despite some acrimony, YGG has still walked away with ten times its initial investment.The improvement proposal, called MIP-13, passed on May 28 alleging YGG provided a “lack of value” to the DAO and the guild was actually a “top competitor” to Merit Circle, not a partner.

NYC Mayor Adams Will Urge Gov. Hochul to Veto Anti-Bitcoin Mining Bill (Report)

As per a New York Times report, Governor Kathy Hochul has been non-committal and can delay a decision on the controversial bill until Dec 31.

Blockchain for sustainable development: The case of Ghana

How blockchain technology might help developing economies to increase financial inclusion — a closer look at financial services in Ghana. In modern times of rapid globalization and digitization, technological developments have now reached such proportions that the usage of cryptocurrencies is no new phenomenon.

Yellen doubts crypto’s place in 401(k), says Congress could regulate

A head of the Treasury would not recommend investing the retirement money into digital assets “to most people.” The Secretary of the United States Treasury, Janet Yellen, weighed in on including cryptocurrencies in retirement plans, calling them a very risky investment that should be regulated by Congress. During an event organized by the New York Times in Washington on June 9, Yellen shared her opinion on the pioneer attempt to include crypto in retirement plans undertaken by Fidelity Investments:“It’s not something that I would recommend to most people who are saving for their retirement.

Goldman Sachs President Warns of ‘Unprecedented’ Economic Shocks and Tougher Times Ahead

Global investment bank Goldman Sachs’ president and chief operating officer has warned of unprecedented economic shocks and tougher times ahead.

Alchemy announces support for Solana Web3 applications the day after blockchain halted

The Web3 development platform and infrastructure provider will support Solana-built applications, despite the blockchain halting multiple times in 2022. In an announcement published by Alchemy just one day after the Solana network temporarily halted on June 1, the Web3 development platform and infrastructure provider announced its support for the controversial blockchain.Caused by a bug that made it impossible to reach network consensus, the Solana blockchain was halted for approximately 4 hours on Wednesday.

Solana Halts Block Production, Validators Told to Prep for a Restart, Network’s Decentralization Criticized

On June 1, 2022, the Solana network halted block production again as the blockchain network has stopped working a number of times during the network’s lifetime.

SOL [Solana] is the new ADA [Cardano]? Decoding the possibilities

Remember the good old times when Solana was the hot blockchain making headlines and promising to be the Ethereum killer? The days when SOL was one of the fastest-growing cryptocurrencies.