Roaring Kitty’s GME shares hit $1B, BTC open interest soars, and other news: Hodler’s Digest, June 2-8

There was widespread celebration across the crypto ecosystem on Aug. 23 after the sight of Bitcoin (BTC) back above $50,000 triggered a resurgence of calls for the top cryptocurrency to reach $100,000 before the end of 2021. Data from Cointelegraph Markets Pro and TradingView shows that the early morning bullish momentum that lifted the price of…

HSBC Bangladesh has completed the country’s first blockchain-powered cross-border trade settled using a letter of credit. 1957 Total views 36 Total shares The Bangladesh branch of global banking firm HSBC has conducted the country’s first blockchain-based letter of credit (LC) transaction on the Contour DLT platform.The transaction was used to settle the importation of 20,000…

Polkadot (DOT) price ticked higher in the past 24 hours on anticipations that its new cross-chain communications protocol would solve a long-standing problem in the blockchain sector.DOT price gains 12% on XCM launchBulls pushed DOT's price to $16.44 on May 5 from $14.72 a day before, gaining a little over 12% as they assessed the launch…

England’s central bank warns crypto investors to be wary of the risks associated with buying cryptocurrencies. 8801 Total views 27 Total shares Andrew Bailey, governor of the Bank of England, has warned crypto investors of the dangers of participating in the market.Speaking during a conference on Thursday, Bailey balked at the notion of “cryptocurrencies,” stating…

The E-Stablecoin would require several scientific advancements that are already in the works, and would allegedly make it possible to transmit electricity almost for free. 298 Total views 3 Total shares Researchers at the federally-funded Lawrence Livermore National Laboratory in California have combined statistical mechanics and information theory to design a stablecoin they call Electricity…

"No ad agency would have done this ad," claimed CEO Brian Armstrong. Except... an ad agency alleges it did pitch this concept to Coinbase. 771 Total views 5 Total shares The Coinbase ad, which aired during the Superbowl last week, appears to be causing quite a stir on social media in light of new information…

2022 will go down as a challenging year for the cryptocurrency and blockchain space, but the adversity faced has been strewn with plenty of positives for the decentralized application (DApp) ecosystem.DappRadar has released its yearly report on the industry, focusing on challenges faced alongside notable technological achievements and an increasing number of active daily users.…

Badger DAO has welcomed some deep-pocketed investors into the community with an asset sale aimed at de-risking the treasury portfolio. 2371 Total views 9 Total shares Some major venture capital names are ‘sett’ to join the Badger DAO community. Bitcoin on Ethereum-focused decentralized finance (DeFi) protocol Badger DAO announced today a $21 million sale of DAO…

Binance added support for the new currencies through a partnership with crypto asset and fiat money institutional custodian Etana Custody. 3074 Total views 55 Total shares Major cryptocurrency exchange Binance has added support for deposits in 15 additional fiat currencies to its platform.According to a July 7 announcement, Binance added support for the United Arab…