6 News (8 May 2022)

BySIX News Australia

May 11, 2022 6 News, 6 News Australia, 6NewsAU, HMV Local News, HMV News, HMV6, HMV6 News, Leo Puglisi, Leonardo Puglisi, news, SIX News, SIX News Australia, SIXNewsAU

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By SIX News Australia

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Cryptos

Swinburne Uni brings Web3 firms to class
The industry will be able to “tap into future talent” as the partnership sees Judo Bank and Web3 firm Banxa and co-creating content, hosting lectures, providing case studies and even giving students access to their networks.
Vitalik: How to create algo stablecoins that don't turn into ponzis or collapse
“What we need is not stablecoin boosterism or stablecoin doomerism, but rather a return to principles-based thinking,” Vitalik Buterin emphasized.
Crypto spam increases 4000% in two years: LunarCrush
Would be owner Elon Musk plans to shake the crypto spammers out of Twitter, disputing their claims that fake accounts only account for 5% of the total.
Billionaire Bill Miller calls Bitcoin 'insurance' against financial catastrophe
Miller said Bitcoin “functioned without the Fed and without any interference” during times of market turmoil, concluding that “it’s an insurance policy, the way I look at it.”
JPMorgan trials blockchain for collateral settlement in after-hours trading
“What we’ve achieved is the friction-less transfer of collateral assets on an instantaneous basis,” stated JPMorgan’s global head of trading services Ben Challice.
Falling wedge pattern points to eventual Ethereum price reversal, but traders expect more pain first
ETH dropped below a key support in its USD/BTC pair, but analysts say a bullish trading pattern could eventually spark a sharp trend reversal.
Brainard tells House committee about potential role of CBDC, future of stablecoins
The Fed vice chair told the House Financial Services Committee that a CBDC offers stability, interoperability in increasingly complex economic system.
‘Other flavors of Tether’ will bridge users to USDT: Paolo Ardoino
Through a peso-backed stablecoin, Tether is basically “recreating forex markets with Tether products,” Ardoino said.
Ethereum price dips below the $1.8K support as bears prepare for Friday’s $1B options expiry
Looming macroeconomic concerns and this week’s $1B ETH options expiry threaten to pin Ethereum price under the $1,800 support.
Spooky Solana breakdown begins with SOL price facing a potential 45% drop — Here's why
SOL price can preserve the bullish bias, however, as its two multi-month support levels converge for the first time.

6 News (8 May 2022)

BySIX News Australia

By SIX News Australia

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