Ewpple | Income For Life
Ewpple - Crypto Market Insight Jun 2022
- Terraform Labs and its CEO Do Kwon have been ordered by a US court to comply with an SEC subpoena about allegations of federal securities law violations.
- PayPal now lets users move their digital assets to other wallets and exchanges, improving their ability to send cryptocurrencies to friends and family.
- Global institutional investors' interest in digital assets has led Bloomberg Terminal to expand its crypto market coverage to cover the top 50 crypto assets.
- Mattel and toy-focused NFT marketplace Cryptoys have established a multi-year partnership to build play-to-earn games featuring Barbie, Hot Wheels, Masters of the Universe, and others as playable avatars.
- Alibaba Group launched a brand-new NFT solution that includes web hosting, online marketing, and content delivery, but promptly deleted any mention of it from its website.
- A severe wallet management error & hack have caused crypto market-making firm Wintermute to lose roughly $17.6M worth of OP tokens belonging to the Optimism Foundation.
- SEC Chair Gary Gensler noted that stablecoins often resemble securities, and the SEC is committed to protecting investors and fighting crypto's role in facilitating illegal and prohibited activities.
- In anticipation of future decisions by the EU, Lithuania has banned anonymous wallets and enacted strict regulations on crypto exchanges to prevent money laundering, terrorist financing, and sanctions evasion.
- In Jamaica, the CBDC, Jam-Dex, will become legal tender after it was approved by the country's Senate and successfully trialed last year. It is hoped that Jam-Dex will be helpful to those without bank accounts.
- A bill has been introduced in the Russian State Duma banning cryptocurrency payments.
Ewpple DeFi Crypto Index Fund (EWD) unchanged in 1 week.
S&P Cryptocurrency MegaCap Index (SPCMC) 50% & Decentralized Finance Index (DEFX) 50% benchmark index fell by -4.3% in 1 week.
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