Latest News

Source : Bit Coin News
1 days ago

GAIMIN’s Early Access Event Opens Its Platform and Monetization App to Gamers

PRESS RELEASE. Zug, Switzerland, 12th August 2022: GAIMIN announces the opening of its gaming and monetization platform to the gaming community. Following recently completed initial testing of its monetisation and gaming platform, GAIMIN.io ltd is opening up its gaming and monetization platform to 10,000 gamers during August and September. GAIMIN’s monetization application enables a user […]
Source : Bit Coin News
1 days ago

Crypto Community Responds to Tornado Cash Sanctions, Privacy Advocates Say ‘There Are Many Legitimate Reasons to Seek Financial Anonymity’

Crypto Community Responds to Tornado Cash Sanctions, Privacy Advocates Say 'There Are Many Legitimate Reasons to Seek Financial Anonymity'The U.S. government banning the ethereum mixing service Tornado Cash and the enforcement that has followed has the crypto community in an uproar about the event. A large number of crypto and privacy advocates have spoken out against the actions the government has taken so far, and the nonprofit advocacy group Fight for the Future […]
Source : Bit Coin News
1 days ago

Bitcoin’s Mathematical Monetary Policy Is Far More Predictable Than Gold and Fiat Currencies

Bitcoin's Mathematical Monetary Policy Is Far More Predictable Than Gold and Fiat CurrenciesThis past April, records show that 19 million bitcoins have been mined into existence and 133 days later, there are 1.88 million bitcoins left to mint today. The network’s block subsidy halving is expected to occur on or around April 20, 2024, as there are less than 91,000 bitcoins left to mine until that point. […]
Source : Bit Coin News
2 days ago

Bitcoin Mining Operations Continue to Expand Amid the Crypto Winter, While Converting ‘Wasted Gas to Energy at Scale’

Bitcoin Mining Operations Continue to Expand Amid the Crypto Winter, While Converting 'Wasted Gas to Energy at Scale'The bitcoin mining industry continues to expand as companies are obtaining more megawatts of capacity, building new facilities, and acquiring thousands of application-specific integrated circuit (ASIC) mining rigs. On Friday, the firm Validus Power revealed it has acquired two natural gas power stations in Ontario, Canada, that will become crypto mining facilities. On the same […]
Source : Bit Coin News
2 days ago

Upland Sustains Mass Market Readiness With All-Inclusive Economy

Upland is a mobile-first blockchain metaverse that allows users to buy virtual properties based on real world addresses, build on those properties to increase their value, and sell them to increase their virtual real estate portfolio. Upland has the unique position to attract mass markets due to the fact that the economy is built to […]
Source : Bit Coin News
2 days ago

UAE Now Requires Agents to Report Real Estate Transactions Where Virtual Currency Is Used as Payment

The United Arab Emirates (UAE) has said it now requires real estate agents, brokers, and law firms to report to the Financial Intelligence Unit real estate transactions in which virtual currency is used as payment. Similarly, real estate purchases or sales where “the funds used in the transaction are derived from a virtual asset” must […]
Source : Bit Coin News
2 days ago

Biggest Movers: ETC Nears 4-Month High, LINK Hits Highest Point Since June

Ethereum classic was trading close to its highest point since April, as the token rose by nearly 10% on Friday. Despite crypto markets being mostly in the red in today’s session, a handful of tokens managed to climb higher. Chainlink was another one of these tokens, as it hit a two-month high earlier in the […]
Source : Bit Coin News
2 days ago

Dutch Law Enforcement Arrests Suspected Tornado Cash Developer in Amsterdam

According to a statement from the Dutch Fiscal Information and Investigation Service (FIOD), law enforcement officials in Amsterdam arrested an unnamed 29-year-old suspected of developing the ethereum mixing application Tornado Cash. FIOD accuses the suspect of “concealing criminal financial flows and facilitating money laundering through the mixing of cryptocurrencies.” Netherlands Law Enforcement Takes Suspected Tornado […]
Source : Bit Coin News
2 days ago

Bitcoin, Ethereum Technical Analysis: BTC Hovers Below $24,000 on Friday, as Crypto Markets Consolidate

Cryptocurrency markets consolidated on Friday, as bulls marginally pulled back following strong gains in yesterday’s session. Bitcoin fell slightly below $24,000, as prices were once again unable to move past a key ceiling. Ethereum was also lower, however continued to trade close to $1,900. Bitcoin Bitcoin (BTC) prices fell marginally lower on Friday, as crypto […]
Source : Bit Coin News
2 days ago

Popularity of Crypto Investments Makes Case for Regulations, Australian Securities Watchdog Says

Popularity of Crypto Investments Makes Case for Regulations, Australian Securities Watchdog SaysHigh rates of crypto ownership, with purchases often made on advice from Youtube and Facebook, make “a strong case for regulation,” according to the Australian Securities and Investments Commission. The watchdog backs its stance with poll results showing nearly half of retail investors in Australia keep one coin or another. Australian Securities Regulator Pushes for […]
Source : News Btc
1 days ago

Cardano Price Sits Pretty At $0.5, Why A Breakout Is On The Horizon

Cardano has been one of the cryptocurrencies that have been able to hold despite the market crash. With the recent recovery, the digital asset has seen some movement, although it continues to trend around the same level without any significant swings upward. However, there are some things that are coming up for the network that suggests there might be some upward movement happening soon. The Awaited Vasil Upgrade The Cardano Vasil upgrade has been on that has been in the works for a while. It is a hard fork that is meant to make the network more developer-friendly, thereby encouraging more people to build on the blockchain.  Related Reading: Will Ethereum Breach $2,000 Before The Merge? However, the hard fork has been the victim of multiple postponements, which have caused some shifts in the price of ADA. The first time the hard fork was postponed was back in June due to bugs that were found in the network. The next date had to be moved once more when the developers of the network were still not done with the bugs, as they wanted to make it safe to interact with. That has seen the launch date of the hard fork moved to August. But unlike the last two previous times that saw the upgrade postponed, Cardano founder Charles Hoskinson has assured the community in a video that he does not believe that there will be any more delays for the hard fork.  ADA trending at $0.5 | Source: ADAUSD on TradingView.com Cardano founders recently released a document that showed that they had made a decision on the final node for the hard fork. The Node 1.35.3 had apparently fixed the pressing issues found in previous versions that had delayed the launch and provided some CLI enhancements according to them. So they expect the hard fork to launch successfully on the mainnet with this node. Cardano Price May Respond Well With a more definite answer on if the Vasil hard fork is close to completion, Cardano investors are more confident to begin making decisions regarding the token. ADA still remains stagnant at $0.5, but present accumulation trends suggest that there might be a turn in this soon. Related Reading: Ethereum Price Forecast Remains Bullish As Network Nears Another Milestone There is also the fact that the entire crypto market continues to rally behind the anticipation of the Ethereum Merge. Ethereum developers have said they expect the Merge to happen sometime in September, and with the Vasil hard fork expected to go live sometime before, it would put the two important upgrades close together. Anticipation of both of these events will likely feed each other, given they are both smart contract networks, and trigger an upward push in price. If all launches go according to plan, ADA is likely to hit $0.7 by the end of September. Featured image from Zipmex, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
Source : News Btc
1 days ago

TA – Harmony (ONE) Price Shows Bullish Signs – Eyes $0.04

The price of Harmony (ONE) has shown bullish signs and could be set for a major run against Tether (USDT) as it eyes $0.04.  Ethereum price rallied with so much strength from a region of $1,670 to $1,924 ahead of Ethereum merge. This has brought relief bounces for many altcoins including the price of Harmony (ONE). Related Reading: Ethereum Price Forecast Remains Bullish As Network Nears Another Milestone Ethereum merge is an upgrade on the Ethereum network from Proof-Of-Work (POW) to Proof-Of-Stake (POS) so as to increase its network efficiency in transactions. (Data feeds from Binance) Harmony (ONE) Price Analysis On The Weekly Chart From the chart, the price of ONE saw a weekly low of around $0.0168, which bounced from that area and rallied to a price of $0.02950. The price has built more momentum as it faces resistance at $0.037. If the price of ONE on the weekly chart continues with this bullish structure, it could quickly revisit  $0.037 and trend higher to $0.04. Weekly resistance for the price of ONE – $0.03. Weekly support for the price of ONE – $0.0168. Price Analysis Of ONE On The Daily (1D) Chart The price of ONE found strong support at around $0.0266, with what seems to be an area of interest on the daily chart. ONE bounced from its support and has rallied as it faces resistance at $0.04. The price of ONE ranged in an asymmetric triangle before breaking out and forming support above it. At the point of writing, the price of ONE is at $0.02960, above the 50 Exponential Moving Average (EMA) with a price of $0.0266. If the price of ONE holds the support of $0.0266 successfully, we could see the price trending higher. If the price of ONE gets rejected, $0.0266, which corresponds with 50 EMA, will be good support for buys. The Relative Strength Index (RSI) for the price of ONE on the daily chart is above 65, indicating healthy buy bids for ONE. The volume for ONE indicates buy bids, this shows bulls would want to push the price higher. Daily (1D) resistance for ONE price – $0.04. Daily (1D) support for ONE price – $0.0266, 0.024. Price Analysis OF ONE On The Four-Hourly (4H) Chart The price of ONE has continued to maintain its bullish structure after a successful break above the asymmetric triangle and retesting to form a support.  ONE is trading above the 50 and 200 EMA with prices of $0.0258 and $0.0242 acting as its support on the 4H chart, should the price of ONE gets rejected due to the weekend sell-off. If the price of ONE holds above the support of 0.02790 with a good volume, we could see the price trending to $0.04. In case ONE experiences a sell-off, 50 and 200 EMA prices would act as support for ETH prices. Four-Hourly (4H) resistance for ONE price – $0.04. Four-Hourly (4H) support for ONE price – $0.0258, $0.0242. Related Reading: Sandbox (SAND) Price Up 76% Since June Courtesy Of Metaverse Hype Featured image from TronWeekly, Charts from TradingView.com 
Source : News Btc
1 days ago

Bitcoin Is An alternative To Economic Condition, Says CEO Of Franklin

Many people are reacting differently to the current condition of Bitcoin and the global economy. In the past two consecutive quarters, the US has posted negative GDP, leading to a rate spike by the Feds. Though some individuals are stating that there is yet no inflation, its impact is gradually manifesting. The President and CEO of Franklin Templeton, Jenny Johnson, has aired view on the current global economic condition. Johnson stated that while the financial condition is in a sad state, Bitcoin remains its best distraction. CEO Johnson related her opinions during a recent interview. She mentioned that the prevailing economic situation is acting as a disruption. Related Reading: Will Ethereum Breach $2,000 Before The Merge? In her terms, it’s the best to happen to financial providers at the moment. Though several see Bitcoin as digital gold and an asset that could create a hedge against inflation, Johnson has a different stance. To her, BTC is just consumers’ distraction from all prevailing financial problems. Also, the CEO has no belief that governments could make Bitcoin a dominant asset for foreign exchange. She said that it was beyond typical confidence for that to happen as numerous arguments would erupt. When it comes to blockchain technology, the CEO has an impressive option concerning that. She called it the sports change, stating that it will bring a positive difference possibly to all industries. Johnson maintained that Franklin Templeton still offers cryptocurrency services to its clients. Also, the company is not planning to stop such service options now. Franklin Templeton is an American multinational holding firm. It boasts several subsidiaries. It functions as a global investment company and was founded in 1947 in New York City. Global Destructive Outplay But Bitcoin Gained Momentum Over the past few years, the entire global system had a devastating impact from the spread of COVID-19. This remained one of the great world pandemics that claimed millions of people from different countries. With the invasion and effect of the pandemic came a distortion in various aspects of life, especially social life. The overall impact on the financial system was quite massive. Related Reading: Market Sentiment Shoots Up As Bitcoin Eyes $25,000 To maintain the float of the economy during the crisis, some countries central banks, especially the US Federal Reserve, printed more fiat currency. However, such a process is taking a negative pull after two years. The world is generally battling a rising inflation rate with other factors. Russia and its president, Vladimir Putin, received the blame from the Western world, pioneered by the US. They further cut off financial connections with Russia. Also, Russia has taken the top as the most sanctioned country globally. But Russia decided to make its retribute by stopping gas deliveries to some European states. Most of the states have no alternative source and have become stranded. This action conversely hiked electricity costs, leading to an increase in price for all goods. The entire outplay of events is becoming more destructive. Featured image from Pixabay, chart from TradingView.com
Source : News Btc
1 days ago

New Findings Shows Institutional Investors Take More Interest In Ethereum

As the launching of the long-awaited Ethereum upgrade, Merge, approaches, there’s a spike in institutional investment. Ethereum products are receiving more attention from big-shot investors. Though there is no stated period for the Merge, most developers anticipate the upgrade by September 19. However, most Ethereum derivatives are getting more investment deals as the final phase details are revealed. James Butterfill, the Head of Research of CoinShares, stated that investors’ sentiment for Ethereum products is changing. Butterfill made this known in the latest edition of Digital Asset Fund Flows Weekly Report. He noted that the sudden intensity and desire from the investors is due to the Merge approach. According to the report, most institutional investors make preferential investments in Ethereum products. Hence they are pushing in more funds as they believe in the great possibility of the Ethereum network. To them, upgrading the global second largest cryptocurrency would create a more positive and profitable impact. Due to the change in sentiment, the report noted that Ethereum had seen more inflows amounting to about $16 million. This resulted in a seven-week pattern of inflows that accumulated up to $159 million. Related Reading: SOL Makes Another Shot At $44, After Two Failed Attempts This Week So, Butterfill reports that the change in the investors’ sentiment signifies more clarity with the Merge’s timing. This would create the desired transition for the Ethereum network as it moves from Proof-of-Work (PoW) to Proof-of-Stake (PoS). Ethereum blockchain has been operating with a PoW consensus mechanism for its transaction validation and security of its network. Unfortunately, this involves using the mining process that consumes more energy or electricity. But the Merge would transform the system of operation for the blockchain. First, it would start using the more energy-efficient staking process that requires the staking of ETH tokens. Plan For Ethereum Merge Has Been A Tough One The plan for the shift has been delayed for several months. But as the date for the launch approaches, Ethereum proponents are having their fun-filled season. The journey has taken several rough routes that include changes in roadmaps, ambiguous terminology, and, lastly, the recent opposition to the Merge. On the part of its founder, Vitalik Buterin, he kept announcing all the possible hard forks to the transition. This action is an excellent advantage for any PoW blockchain that may opt for a change in the future. However, some prominent personalities in the industry don’t mind a hard fork. For example, Justin Sun, the founder of Tron, pledged the listing of both ETHs and ETHw tokens on his Poloniex exchange. Also, BitMEX revealed its support for any ETHPoW fork. Once it finally happens, it will link the Ethereum mainnet and the Ethereum 2.0 Beacon Chain for a complete transition to PoS. Hence, Ethereum 2.0 would receive increased efficiency and security in its execution of transactions.’ Related Reading: Cardano Tests $0.51 Support – Can ADA Reach Safe Zone And Hit $0.67? Also, there would be a drastic reduction of carbon emission into the environment by over 99% as the network become energy efficient. This was one of the main criticisms against Ethereum as a PoW network. Featured image from Pixabay, Chart from TradingView.com
Source : News Btc
1 days ago

Bitcoin Bearish Signal: Whales With 1k-10k BTC Depositing To Exchanges

On-chain data shows Bitcoin exchange inflows from whales holding between 1k to 10k BTC have spiked up recently, a sign that can be bearish for the price of the crypto. Bitcoin Exchange Inflows Spike Up Following Rally Above $24k As pointed out by a CryptoQuant post, the BTC whales with between 1k to 10k BTC seem to have sent a large stack to exchanges recently. The “exchange inflow” is an indicator that measures the total amount of Bitcoin being transferred to wallets of all centralized exchanges (both spot and derivatives). When the value of this metric spikes up, it means a large number of coins are being deposited to exchanges right now. Depending on how many of these are being moved to spot exchanges, such a trend can be bearish for the price of BTC as investors usually send to these exchanges for selling purposes. Related Reading: Bitcoin aSOPR Fails Retest Of Historical Bull-Bear Junction On the other hand, low values of the indicator suggest there is little selling going on in the market at the moment. Therefore, this kind of trend can be neutral or bullish for the value of the coin. Now, here is a chart that shows the trend in the Bitcoin all exchanges inflows over the last few days: The value of the metric seems to have spiked up recently | Source: CryptoQuant As you can see in the above graph, the Bitcoin all exchanges inflows have registered large values during the last couple of days. The latest spike has come shortly after the BTC price surged above $24k. The chart actually shows a modified version of the indicator, called the “exchange inflow – spent output value bands,” which tells us what contribution to the total inflows is coming from each of the different sized holders in the market. Related Reading: Is The Bitcoin Surge Due To An External Reason? What The Data Suggests It looks like the investors holding 1k to 10k BTC had an especially large movement to exchanges in the last two days. Holders belonging to this group are the whales, so the current trend can suggest whales may be planning to dump right now. However, as mentioned earlier, the indicator takes into account inflows for both spot and derivatives exchanges. A large part of the latest inflows went to the derivatives exchanges, which implies whales may have been hedging against their spot positions. Nonetheless, a sizeable part of the total inflows did go to spot exchanges, so some selling may still be going on in the market from these whales. BTC Price At the time of writing, Bitcoin’s price floats around $23.8k, up 2% in the past week. Looks like the value of the crypto has come down during the past day | Source: BTCUSD on TradingView Featured image from Thomas Bonometti on Unsplash.com, charts from TradingView.com, CryptoQuant.com
Source : News Btc
2 days ago

How Gold Continues To Prove To Be A Hedge Against Inflation

Across multiple economic downturns and bear markets, gold has proven to be a haven for investors worldwide, with many traders and investors opting to invest in it to protect their capital against value depreciation, which occurs from inflation, causing an increase in general prices. Because gold prices are related to the US dollar value due to gold being dollar-denominated, a stronger USD keeps the price of gold down and more controlled. A weaker USD drives the gold price higher due to increasing demand. Ultimately this means that more gold can be purchased when the dollar is more vulnerable, protecting investors against economic events like currency devaluation and providing a safety net during periods of political instability. Gold gained popularity for its ability to be an inflation hedge when governments attempted to protect their economies, like in 1879 when the US introduced a gold standard that began backing the US dollar with actual gold to combat inflation, and in 1971 when President Nixon decided to end the gold standard to gain better control over gold-to-dollar conversions and improve inflation. While the asset has become a go-to for many investors who wish to hedge against inflation due to its apparent low risk of price crashes, one study from Duke University found that the asset class was most successful at combating inflation when invested for periods of over a century. It found that shorter-term investments had more significant fluctuations that did not guarantee gains for investors. Despite its utility, investors should be aware that many gold mining companies are unsuccessful due to high overhead costs, debt, finance, lack of control over commodity prices and non-compliance. Investors looking to get into gold-backed cryptocurrencies sometimes fail because they cannot create commercial value nor maintain it. One company trying to provide a solution for this problem is Zambesi Gold, a thriving business that aims to lead the transition in mining assets becoming fully backed digital assets. Self-described in its whitepaper as being “backed by real gold, real people, and real mining operations combined with real value,” the company believes that current issues in gold investing exist due to companies having “a lack of a business plan which leads to less interest and productivity.” To solve these problems, an agreement between the Zambesi Token and its investors ensures that no fractional lending will occur. “The number of tokens will be fixed, preventing inflation; therefore, a token’s value will increase irrespective of the demand for the token or of the gold price, and the amount of gold backing for each token will increase each month.” The company believes that each asset should contribute to the profitability of a business and not subsidize other assets to reduce the cost of debt. It does this by allowing token holders to be the beneficiaries of the Gold Custodian Trust. In this vault, physical bullion gets stored. “The Zambesi Gold standard is a monetary system backed by the value of physical gold, with the project’s token, just like gold, being perfectly divisible, with historical and inherent value projected for the future.” By implementing this structure, Zambesi token holders are guaranteed that their investment in gold will always increase in quantity and value. In today’s bear market, investors are constantly looking for ways to hedge their portfolios against inflation. While gold has been proven to be a haven for investors, it is still not without risk, and many investments can take long periods to provide gains. However, newcomers like Zambesi Gold are disrupting this space, allowing investors an even safer and more secure way to invest in gold using cryptocurrency. To learn more about this exciting new project, head to Zambesi Gold’s website today.    
Source : News Btc
2 days ago

Has Mark Cuban Changed His Mind on Cardano?

Billionaire entrepreneur, Shark Tank judge, and crypto investor Mark Cuban locked horns with World Mobile CEO Micky Watkins this week over the utility of projects built on Cardano. Cuban has historically been critical of Cardano and its utility and recently turned to Twitter to voice his skepticism around the potential for success of Cardano-based projects in Africa. The post led to Cardano advocates speaking out on Twitter. The community voiced their perspective on the blockchain’s ability to deliver real-world services. Cuban responded he had not seen much adoption of Cardano applications or demand for payments in $ADA. The discussion quickly moved on to the Cardano-based project, World Mobile Token (WMT), which powers the World Mobile network as an example of real-world utility and value. World Mobile delivers a sharing economy that allows anyone to own a part of a network built by the people and earn income for connecting people around the world. Cuban quickly came back, stating the World Mobile network and token needed “a real” business model to succeed, and asked whether it had even begun to earn revenue from users on its network. At this point, World Mobile CEO Micky Watkins entered the debate, responding with a tweet citing the company’s average revenue per unit (ARPU) in Tanzania of $3 per month. A Passionate and Public Debate This Tweet off a long and passionate debate between Watkins and Cuban, with Cuban grilling Watkins about World Mobile’s business model and Watkins responding with data-led arguments around utility, adoption, and scaling. Cuban was initially skeptical, but the conversation quickly turned technical, with Cuban asking Watkins about the type of mesh protocols World Mobile uses, customer bandwidth, and more. Cuban and Watkins also argued over feedback from end users, with Cuban stating: “I don’t see you retweeting anything from actual end users. Which is why I’m so cynical about this and all the cardano Africa project posts. They don’t come from end users. Every great product lets the users do the talking for them.” Watkins responded by linking to a series of testimonial videos from users connected to and using the World Mobile network in Zanzibar. The Change in Attitude Throughout this energetic debate, Watkins and World Mobile seemed to score a few points with Cuban, who commended the goals of the project and the idea of reducing capital expenditure by allowing users to build out the network and own infrastructure. Finally, after the lengthy discussion on how the network nodes work, Watkins signed off the Twitter debate with a friendly and open invitation for further discussion. Cuban’s debate with Watkins served to show that regardless of the scepticism surrounding the Cardano, all that matters are the solutions blockchain has to offer. The value of World Mobile and WMT lies in real-world utility and a sound business model that holds up under fire from the “shark” himself. Perhaps this is the project that makes Cuban fall in love with Cardano after all.   Image: Entrepreneur/Getty Images (Eric McCandless)
Source : News Btc
2 days ago

Ethereum Price Forecast Remains Bullish As Network Nears Another Milestone

Ethereum has been recording win after win over the last month. If it’s not a win in its price, then it is another step forward in its move to being a proof of stake network. These major milestones have reverberated throughout its community, spurring bullish sentiment amongst even the most skeptical of investors. Now, another milestone moving into view for the network promises even better things to come. Staking Nears 13.3 Million ETH The amount of ETH staked on the network continues to rise drastically. The first validator node was set over a year ago, and since then, thousands of validators have joined the effort. Along the way, there have been various milestones hit, with Ethereum moving towards another one. Related Reading: Will Ethereum Breach $2,000 Before The Merge? Not long ago, the total number of ETH staked ahead of the Merge had grown to more than 10% of its total supply. Now, with the recent ramp-up and anticipation of the Merge, more ETH is being staked. This has brought the total number of ETH staked to reach almost 13.3 million. What this means is that Ethereum is very close to seeing 11% of its total supply being out of circulation. At current prices, this is more than $25 billion staked in the contract so far. ETH trading above $1,900 | Source: ETHUSD on TradingView.com Now, this is not the highest that the dollar value of the staked ETH has been by any stretch, but given that the price of ETH is down more than 50% from its all-time high, it helps to put into perspective just how much is being staked already. Ethereum Bullish Sentiment Grows Bullish sentiment in Ethereum is now at one of the highest levels it has ever been. As the Merge draws closer, anticipation is nearing peak levels. This has caused investors to accumulate tokens ahead of what will be one of the most important upgrades in the history of the crypto space. Related Reading: Market Sentiment Shoots Up As Bitcoin Eyes $25,000 It is also worthy of note that the digital asset has been up double-digits in the last week alone. This recovery has seen it beat multiple resistance points to break above $1,900. The result of this is more accumulation that continues to send the price sky high. Presently, the only significant resistance for the digital asset sits at $2,000, a price point bulls are aiming for. A break above this will set the digital asset on a rally towards $2,500, with the most important resistance dwelling at $2,250. Featured image from Coinmarketcap, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
Source : News Btc
2 days ago

Sandbox (SAND) Price Up 76% Since June Courtesy Of Metaverse Hype

The Sandbox (SAND) has been showing bullish signals and rising steadily, recording a 0.5% spike in the market. Sandbox price on an uptrend; rises by 76% SAND price trades upwards; depicting a long-term bullish trend Sandbox is bullish due to an increased investor and influencer interest  The market has seen aggressive strides in the past couple of weeks which is forecasted to be long-term. According to CoinMarketCap, The Sandbox (SAND) is down by 3.1% or at $1.30 as of this writing. Related Reading: SOL Makes Another Shot At $44, After Two Failed Attempts This Week SAND Blows Past 75% On Influence Boost SAND was seen to spike by 76% since June 19. The growth is brought about largely by the influence of metaverse platforms like Sandbox which has generated a great deal of interest from popular influencers and personalities online as well as a huge part of blockchain users who continuously support these platforms. For instance, famous socialite Paris Hilton has a Malibu mansion on Sandbox and is organizing events for fans that allow everyone to interact virtually with her. Hilton’s partnership with Sandbox has generated a lot of attention for SAND and also the metaverse events she has in store for her solid fans on Sandbox. Related Reading: Cardano Tests $0.51 Support – Can ADA Reach Safe Zone And Hit $0.67? SAND’s price growth is mainly triggered by its wide expansion internationally and in other markets. Additionally, Sandbox is also said to begin partnerships with local businesses for a pop-up atelier. These developments have propelled SAND’s prices way up as investors are now excited with the evolution of the metaverse industry and want to be a part of the metamorphosis. On the recent chart, the market has registered small gains which are said to be a perpetuation of the sideways market that has been lingering for the past couple of weeks. SAND is seen to continue with its current trading direction or the sideways market in the next trading sessions with prices that could potentially trade below $1.49. On the other hand, if the prices hover above the key resistance of $1.49, this will indicate the continuation of a bull run. What Is The Sandbox? The Sandbox (SAND) is an interactive virtual Ethereum-based world that enables players to create, build, explore, socialize, trade, and monetize digital assets and game experiences. The platform is powered by SAND, its native currency, which is utilized for interactions and transactions made in the virtual world. The Sandbox provides players with a safe gaming landscape that keeps players secure from crypto market volatility and crashes. While the Sandbox has been criticized a lot of times as it heavily relies on cryptocurrencies which are highly volatile, the platform remains to be one of the most popular and trusted projects in the GameFi space. SAND total market cap at $1.6 billion on the daily chart | Source: TradingView.com Featured image from Yahoo Finance, Chart from TradingView.com
Source : News Btc
2 days ago

TA – Ethereum Price Faces Resistance As Merge Date Is Announced

The price of Ethereum (ETH) showed so much strength but has been hit with resistance against Tether (USDT) as the Ethereum merge is announced.  Ethereum price rallied with so much strength from a region of $1,670 to $1,924, as bulls anticipate the Ethereum merge from proof-of-work (POW) to proof-of-stake (POS). Related Reading: Will Ethereum Breach $2,000 Before The Merge? Ethereum merge is an upgrade on the Ethereum network from POW to POS so as to increase its network efficiency in transactions. (Data feeds from Binance) Ethereum Price Analysis On The Weekly Chart From the chart, the price of ETH saw a weekly low of around $900, which bounced from that area and rallied to a price of $1,920, this is an over 100% rise in price. The price has built more momentum as it faces resistance at $1,920. If the price of ETH on the weekly chart continues with this bullish structure, it could quickly revisit  $1,900 and trend higher to $2,400. Weekly resistance for the price of ETH – $1,920. Weekly support for the price of ETH – $1,012. Price Analysis Of ETH On The Daily (1D) Chart The price of ETH found strong support at around $1,580, with what seems to be an area of interest on the daily chart. ETH bounced from its support and rallied as it faces resistance to break above a ranging channel and has continued to move in range.  With bulls placing more buy bids this channel was broken pushing ETH price to $1,920. At the point of writing, the price of ETH is at $1,888,  above the 50 Exponential Moving Average (EMA) with a price of $1,580. ETH is faced with a price rejection from the $1,920 region, as this has proven to be a resistance preventing the price to trend higher. If ETH price breaks this resistance of $1,920 successfully we could see the price trending higher ahead of the merge. If the ETH price gets rejected, $1,580 which corresponds with 50 EMA will be good support for buys. The Relative Strength Index (RSI) for the price of ETH on the daily chart is above 65, indicating healthy buy bids for ETH. The volume for ETH indicates buy bids, this shows bulls would want to push the price higher. Daily (1D) resistance for ETH price – $1,920. Daily (1D) support for ETH price – $1,580. Price Analysis OF ETH On The Four-Hourly (4H) Chart The price of ETH has continued to maintain its bullish structure despite facing resistance at $1,920 trying to break out and trend higher. ETH is trading above the 50 and 200 EMA with prices of $1,760 and $1,580 acting as its support on the 4H chart, as the price faces resistance at $1,920. If the price of ETH breaks above the resistance with the good volume we could see the price trending to $$2,400, In case ETH is unable to break and experience a sell-off, 50 and 200 EMA prices would act as support for ETH prices. Four-Hourly (4H) resistance for ETH price – $1,920. Four-Hourly (4H) support for ETH price – $1,760, $1,580. Related Reading: Cosmos Hub Soars Over 5% Within 24 Hours – ATOM Up 13% In Last Week Featured image from Watcher Guru, Charts from TradingView.com 
Source : Cointelegraph
1 days ago

Indian authorities freeze more crypto funds over money laundering allegations

The Indian Directorate of Enforcement froze $46.4 million in the accounts of Vauld’s Indian branch until the exchange can account for the criminal proceeds it transferred out of the country.

Source : Cointelegraph
1 days ago

Curve Finance resolves site exploits, directs users to revoke recent contracts: Finance Redefined

Majority of the DeFi tokens in the top-100 traded in green along with rest of the market in the wake of new CPI data release and several tokens registered doubled digit gains.

Source : Cointelegraph
1 days ago

Crypto Biz: A Futurist take on crypto

The 2022 Blockchain Futurist conference in Toronto, Canada wrapped up this week. DeFi and institutional adoption of crypto were high on the agenda.

Source : Cointelegraph
1 days ago

Uzbekistan blocks access to foreign crypto exchanges over unregistered trading

The national regulator urges the industry players to comply with the local legislation.

Source : Cointelegraph
1 days ago

Price analysis 8/12: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX

Bitcoin and many altcoins are carving out bottoming patterns as sentiment across the crypto and equities markets continues to improve.

Source : Cointelegraph
2 days ago

Tornado Cash DAO goes down without explanation following vote on treasury funds

Github, Circle, dYdX, Alchemy, and Infura... All platforms have taken action against Tornado Cash or individuals connected to the mixer following U.S. sanctions.

Source : Cointelegraph
2 days ago

Crypto markets bounced and sentiment improved, but retail has yet to FOMO

The total crypto market capitalization is rising toward $1.25 trillion, but an assortment of metrics show retail and institutions are not ready to “ape.”

Source : Cointelegraph
2 days ago

Mailchimp bans crypto content creators without prior notice

The email marketing service provider temporarily suspended crypto-related accounts due to alleged terms of service violations.

Source : Cointelegraph
2 days ago

Fallout from crypto contagion subsides but no market reversal just yet

With some areas of the blockchain space showing signs of a potential bottom, July showed that the market remains in a cautionary state.

Source : Cointelegraph
2 days ago

Russia plans to roll out digital ruble across all banks in 2024

Bank of Russia started CBDC testing in 2022 and expects to implement an official banking rollout in the year of presidential elections in 2024.

Source : Cointelegraph
2 days ago

FTX partners with Paradigm for 'one-click' futures spread trading

The global exchange will provide “guaranteed atomic execution and clearing of both legs” for the futures trades on eight cryptocurrencies.

Source : Cointelegraph
2 days ago

Built to fall? As the CBDC sun rises, stablecoins may catch a shadow

Will central banks allow stablecoins to survive? Can they peacefully co-exist with central bank digital currency as a financial instrument for the unbanked?

Source : Cointelegraph
2 days ago

Here are Bitcoin price levels to watch as BTC dips 5% from highs

Familiar support zones are back on the radar after $25,000 proves too much for Bitcoin bulls.

Source : Cointelegraph
2 days ago

Huobi co-founder reportedly looks to sell majority stake valued at over $1B

Huobi co-founder Leon Li reportedly informed about his decision to other backers of the company in a July shareholders meeting.

Source : Cointelegraph
2 days ago

Axie Infinity cuts rewards from classic game, subtly forcing P2E players to new mode

The team described the move as part of its efforts to balance the economy for the Smooth Love Potion token.

Source : Cointelegraph
2 days ago

S&P Global downgrades Coinbase credit rating for weak Q2 earnings, competitive pressures

Coinbase Global sees its credit rating downgraded by S&P Global amid regulatory pressures, weakened market performance and competitors.

Source : Cointelegraph
2 days ago

Dutch authorities arrest suspected Tornado Cash developer

The Dutch Fiscal Information and Investigation Service didn’t rule out multiple arrests in its ongoing criminal investigation against the Tornado Cash crypto mixer.

Source : Cointelegraph
2 days ago

Brazilian payment app PicPay launches crypto exchange with Paxos

The integration with Paxos marks the first move for PicPay to introduce its 30 million customers to digital assets and help them understand Bitcoin.

Source : Cointelegraph
2 days ago

Three-quarters of institutions to use crypto in the three years: Ripple

Ripple’s new Value Report on enterprise crypto and blockchain highlights NFT, blockchain and CBDC utility in business settings.

Source : Cointelegraph
2 days ago

Binance recovers the majority of funds stolen from Curve Finance

Binance recovered and froze around $450,000 worth of the stolen assets, which is around 80 percent of the stolen funds.

Source : Cointelegraph
2 days ago

Institutional staking won’t take off unless asset lock-up solved: Coinbase CFO

Coinbase’s new institutional-focused staking product won’t be a “near-term phenomenon” while liquid staking is still being worked out.

Source : Cointelegraph
2 days ago

3 cryptocurrencies that stand to outperform ETH price thanks to Ethereum’s Merge

It’s not just ETH price that stands to benefit from Ethereum’s move to proof-of-stake in September.

Source : Cointelegraph
2 days ago

ASIC chair troubled by sheer amount of ‘risk-taking’ crypto investors

Australia’s financial services regulator sees the rise in crypto investment during the COVID-19 pandemic as a cause for concern, especially among young and new investors.

Source : Cointelegraph
2 days ago

BTC mining stocks double in a month as production ramps

While Bitcoin and Ether prices may have climbed lately, Bitcoin mining companies have been absolutely pumping.

Source : Cointelegraph
2 days ago

Coming sooner: ETH devs move up the date for Merge

Ethereum’s transition to proof-of-stake is inching ever closer after developers agreed to a tentative date for the mainnet Merge.

Source : Cointelegraph
2 days ago

MakerDAO should ‘seriously consider’ depegging DAI from USD — Founder

In light of the recent Tornado Cash and frozen USDC addresses debacle, MakerDAO founder Rune Christensen is hoping to move DAI’s collateralization away from USDC.

Source : Cointelegraph
2 days ago

DeFi platform Oasis to block wallet addresses deemed at-risk

Users report that their sessions were disconnected when trying to interact with Oasis with allegedly high-risk wallets.

Source : Cointelegraph
2 days ago

UNCTAD takes aim at crypto in developing world in a series of critical policy briefs

The UN organization is urging countries with emerging economies to implement regulation to head off the potentially destabilizing influence of cryptocurrency.

Source : Cointelegraph
2 days ago

Robinhood to face class action lawsuit from meme stock debacle: Report

It's been more than a year, but investors continue to make allegations against Robinhood following the January 2021 controversy around trading GameStop and AMC stocks.

Source : Cointelegraph
2 days ago

Maven 11 launches $40M lending pool on Maple as borrowers turn to DeFi

With liquidity drying up in the wake of CeFi contagion, borrowers are turning to decentralized finance for their credit needs.

Source : Miner Gate
911 days ago

Monero Hard Fork and RandomX: Make CPU Mining Great Again

Monero (XMR) has successfully hardforked on November 30th, at block number 1978433. The fork has changed the CryptoNightR mining algorithm to the new RandomX Proof-of-Work algorithm.   Although the main aim of the upgrade was keeping Monero completely resistant to ASIC mining, thus maintaining the coin decentralized, RandomX has essentially moved XMR mining to CPU, […]

The post Monero Hard Fork and RandomX: Make CPU Mining Great Again appeared first on Crypto Mining Blog.

Source : Miner Gate
925 days ago

MinerGate coin list updates

MinerGate has always been excited to keep its finger on the pulse of the market. We strive to support the most popular coins and to refrain from those that are less demanded by our miners. After thorough analysis, we have decided to stop XMC and BCN pools on February 4, 2020. The mined balance will […]

The post MinerGate coin list updates appeared first on Crypto Mining Blog.

Source : Miner Gate
1145 days ago

MinerGate Exclusive: Interview with the chat moderator

Recently, we released our very own loyalty token – the MinerGate Token.  It’s the token that we believe will empower all parts of the MinerGate ecosystem and positively engage the community in the project’s life.  A few tokens have already been delivered to the most active users as gratitude for their contribution. As well, there […]

The post MinerGate Exclusive: Interview with the chat moderator appeared first on Crypto Mining Blog.

Source : Miner Gate
1147 days ago

Welcome MinerGate xFast 1.5

Dear miners, The MinerGate team is working hard to bring you the best mining solutions and user-friendly services. Making MinerGate a multifunctional platform will allow our new users to understand all mining processes faster and benefit from the cutting edge technologies available for our seasoned miners. MinerGate xFast miner is a highly efficient and easily […]

The post Welcome MinerGate xFast 1.5 appeared first on Crypto Mining Blog.

Source : Miner Gate
1156 days ago

MinerGate DSP Portal. Essential elements of decreasing the cost of developing DApp

For just a year, the EOS system has proved itself to be worthy of being a next-generation blockchain project with industry-leading scalability and transaction speed. Its philosophy and solutions are giving new opportunities to blockchain developers. Lots of dApps – a crucial part of the system – are now built on EOS. The number has […]

The post MinerGate DSP Portal. Essential elements of decreasing the cost of developing DApp appeared first on Crypto Mining Blog.

Source : Miner Gate
1157 days ago

News from our partners LumiWallet. Get EOS account for free!

MinerGate is pleased to announce that our partner – Lumi Wallet, a highly secure multi-currency wallet – is launching an EOS account giveaway. This giveaway campaign has become possible due to the productive collaboration of MinerGate, Lumi Wallet, and Changelly. MinerGate believes in EOS due to its next generation and open source blockchain protocol that […]

The post News from our partners LumiWallet. Get EOS account for free! appeared first on Crypto Mining Blog.

Source : Miner Gate
1166 days ago

MinerGate Has Become a DApp Service Provider

MinerGate has become a dApp Service Provider on the DAPP Network. It’s no secret that there have been some significant obstacles in the way of the efficient performance of dApp development. To develop on EOS, dApp developers must own and use RAM, which has its limitations. There are two of them: the high cost (more […]

The post MinerGate Has Become a DApp Service Provider appeared first on Crypto Mining Blog.

Source : Miner Gate
1186 days ago

MinerGate Token Is Now On EOSDAQ

Dear Miner, The MinerGate team is pleased to announce that our ultimate loyalty tool, the MG Token, is now available on EOSDAQ, the world’s first on-chain decentralized exchange. EOSDAQ is a platform that supports the peer-to-peer trade of EOS-based tokens. All transactions there are recorded on the blockchain in a transparent manner.  The EOS-based MinerGate […]

The post MinerGate Token Is Now On EOSDAQ appeared first on Crypto Mining Blog.

Source : Miner Gate
1192 days ago

HitBTC – The First Major Exchange To Support The MinerGate (MG) Token

Dear miner, We are glad to announce that HitBTC will be the first major exchange to list the MG Token. Support from HitBTC is an important step towards developing the MinerGate loyalty tool. HitBTC is one of the most advanced cryptocurrency exchanges out there, providing markets for more than 300 different cryptocurrencies. HitBTC delivers to […]

The post HitBTC – The First Major Exchange To Support The MinerGate (MG) Token appeared first on Crypto Mining Blog.

Source : Miner Gate
1202 days ago

MinerGate Token (MG): The Ultimate Loyalty Tool For Users

MinerGate is glad to introduce MinerGate Token (MG) – a token created as a loyalty tool. It is designed as a vital instrument to fuel the entire ecosystem of MinerGate products. We have always been focused on enhancing our service and providing better user experience, and now the new MG token is going to serve […]

The post MinerGate Token (MG): The Ultimate Loyalty Tool For Users appeared first on Crypto Mining Blog.

Source : CryptoNinjas
2 days ago

Crypto exchange Kraken’s second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

Kraken, the popular crypto exchange, has announced the results of its second 2022 Proof of Reserves audit, which has now been expanded beyond *BTC, and ETH* to include USDT, USDC, XRP, ADA*, and DOT.  *Indicates Proof of Reserves audit covered assets held both on Kraken’s spot exchange and Kraken’s staking platform. The addition of five […]

The post Crypto exchange Kraken’s second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT appeared first on CryptoNinjas.

Source : CryptoNinjas
3 days ago

Blocknative releases new tool to enable high-speed propagation of ETH transactions

Blocknative, a web3 infrastructure company, today launched the Transaction Distribution Network (TDN). This tool allows blockchain users to respond to pre-chain risks and opportunities faster than ever, ensuring each transaction has the best chance of getting into the next block. The result is better, more predictable outcomes when submitting or replacing transactions. TDN works by […]

The post Blocknative releases new tool to enable high-speed propagation of ETH transactions appeared first on CryptoNinjas.

Source : CryptoNinjas
3 days ago

SynFutures plans to integrate with Router Protocol to improve multi-chain access

SynFutures, a decentralized derivatives exchange, announced today a new partnership with Router, a cross-chain protocol that enables fund transfer, asset swaps, and cross-chain applications. The projects will work together to expand their respective ecosystems and explore integration, taking a crucial step in SynFutures’ mission to become a multi-chain trading platform. Cross-chain, or blockchain interoperability, refers […]

The post SynFutures plans to integrate with Router Protocol to improve multi-chain access appeared first on CryptoNinjas.

Source : CryptoNinjas
3 days ago

New Serum powered DEX for Solana from Vybe Network launches

Today it was announced from the Serum community the launch of Vybe DEX, a data-driven trading interface powered by Serum’s central limit order book & matching engine, built by Vybe Network. Vybe Network is a data infrastructure solution that enables the Solana community to query, index, and share on-chain data to build web3 dApps and […]

The post New Serum powered DEX for Solana from Vybe Network launches appeared first on CryptoNinjas.

Source : CryptoNinjas
4 days ago

Brazil payment app PicPay launches new crypto exchange service with Paxos technology

PicPay, a Brazil-based payment app, has announced will now allow its users to buy, sell and hold cryptocurrencies, in its first foray into the crypto market. Today, PicPay launches its cryptocurrency exchange service, which initially supports trading of Bitcoin and Ethereum, as well as USDP. The exchange is operated in partnership with Paxos, a blockchain […]

The post Brazil payment app PicPay launches new crypto exchange service with Paxos technology appeared first on CryptoNinjas.

Source : CryptoNinjas
4 days ago

BitPay teams with Dosh to enable cashback rewards on crypto debit card

BitPay, the bitcoin and crypto payment processing platform, announced today that users of its BitPay Card will now be rewarded with automatic cashback rewards when swiping the card at thousands of retailers. Thanks to a new partnership with Dosh, when spending with the BitPay Card, users will see crypto cashback rewards add up directly in […]

The post BitPay teams with Dosh to enable cashback rewards on crypto debit card appeared first on CryptoNinjas.

Source : CryptoNinjas
5 days ago

“Move-and-earn” app STEPN to utilize LINE Blockchain for the Japanese market

LINE, the Japanese corporation specializing in mobile technologies, announced today that LINE Xenesis and Find Satoshi recently concluded an MOU aiming to utilize LINE Blockchain in the localization of STEPN for the Japanese market. STEPN is a “move-and-earn” blockchain game that lets players earn crypto assets equivalent to the number of steps they’ve taken. Since […]

The post “Move-and-earn” app STEPN to utilize LINE Blockchain for the Japanese market appeared first on CryptoNinjas.

Source : CryptoNinjas
5 days ago

Crypto risk & intel platform Merkle Science extends its Series A to over $24M

Merkle Science, a predictive crypto risk and intelligence platform has announced an extension of more than $19 million to its Series A funding round, bringing the total raised to over $24 million. New investments will help accelerate the company’s growth and will be used for expansion across the U.S. and Europe, as well as for R&D […]

The post Crypto risk & intel platform Merkle Science extends its Series A to over $24M appeared first on CryptoNinjas.

Source : CryptoNinjas
5 days ago

Tetrix and Pitaka crypto wallet launch ‘Tetrix Link’ to digitize contact exchange

Today it was announced by Filipino-led blockchain Tetrix Network and Pitaka crypto wallet, the launch of Tetrix Link, an NFC card that enables users to select and store information, such as their personal contact details and relevant social media accounts, and share these data when they tap or hover over their card to an NFC-enabled […]

The post Tetrix and Pitaka crypto wallet launch ‘Tetrix Link’ to digitize contact exchange appeared first on CryptoNinjas.

Source : CryptoNinjas
6 days ago

THORWallet expands DeFi swap functionality with Rango Exchange integration

THORWallet, a non-custodial wallet that allows users to swap native crypto-assets across chains and earn passive income on them, today announced a new partnership with multi-chain DEX, Rango Exchange. For the first time, THORWallet DEX users can now execute cross-chain swaps on assets beyond those available in THORChain pools, starting with cross-chain swaps compatible with […]

The post THORWallet expands DeFi swap functionality with Rango Exchange integration appeared first on CryptoNinjas.

Source : CryptoNinjas
6 days ago

pSTAKE’s BNB liquid staking solution (stkBNB) is now live

pSTAKE, a liquid staking protocol that unlocks liquidity for staked assets, announced its BNB liquid staking solution (stkBNB) is now live on mainnet. Users can leverage their stkBNB tokens to pursue DeFi opportunities across the BNB Chain ecosystem. Launched today, stkBNB is now live on PancakeSwap to provide liquidity pools, yield-farming, and yield optimization. More […]

The post pSTAKE’s BNB liquid staking solution (stkBNB) is now live appeared first on CryptoNinjas.

Source : CryptoNinjas
6 days ago

DeFi liquidity mining platform Grizzly.fi collects $26M in ‘Community Fair Launch’

Grizzly.fi, a crypto yield farming platform, announced today it has collected $26 million in its so-called ‘Community Fair Launch.’ The raise is the best performing in history on BNB Chain without a launchpad. The project collected four times more than the previous record holder on the Binance BNB Chain, making them the 10th biggest BNB […]

The post DeFi liquidity mining platform Grizzly.fi collects $26M in ‘Community Fair Launch’ appeared first on CryptoNinjas.

Source : CryptoNinjas
9 days ago

New Overledger release now supports QRC-721 NFTs on Tokenise developer API

Quant Network, the provider of enterprise-grade blockchain solutions, announced today that its blockchain gateway Overledger now provides users the ability to create native QRC-721 non-fungible tokens (NFTs) and deploy them onto the Ethereum, Polygon, and XDC mainnets. Developers can work with QRC-721 through Overledger Tokenise, one of Quant’s premium APIs, which enables even those with […]

The post New Overledger release now supports QRC-721 NFTs on Tokenise developer API appeared first on CryptoNinjas.

Source : CryptoNinjas
10 days ago

CME Group set to list euro-denominated Bitcoin (BTC) and Ether (ETH) futures

CME Group, a leading derivatives marketplace, today announced its plans to expand further its cryptocurrency derivatives offering with the introduction of Bitcoin and Ether futures denominated in EUR on Monday, August 29th, pending regulatory review. Designed to match their U.S. dollar-denominated counterparts, Bitcoin Euro and Ether Euro futures contracts will be sized at five bitcoin […]

The post CME Group set to list euro-denominated Bitcoin (BTC) and Ether (ETH) futures appeared first on CryptoNinjas.

Source : CryptoNinjas
10 days ago

Polkadot-based gateway Astar Network now supported on blockchain development platform Alchemy

Alchemy, a blockchain development platform, announced it now supports Polkadot parachain Astar Network, delivering developers more tools and services to build on the multi-chain smart contract hub. “Supporting the developer ecosystem is Astar’s driving motivation. By partnering with Alchemy and making their blockchain engine available to Astar developers, we will bring even more innovation and […]

The post Polkadot-based gateway Astar Network now supported on blockchain development platform Alchemy appeared first on CryptoNinjas.

Source : CryptoNinjas
11 days ago

Crypto intel platform Metrika adds support for Hedera network activity & performance

Metrika, an operational intelligence platform for blockchain and distributed ledger networks, today announced a collaboration with Hedera to provide enhanced visibility and transparency for the different applications across the company’s network ecosystem. The Hedera network ecosystem will now have access to Metrika’s blockchain and distributed ledger technology (DLT) monitoring and analytics platform, offering the community […]

The post Crypto intel platform Metrika adds support for Hedera network activity & performance appeared first on CryptoNinjas.

Source : CryptoNinjas
11 days ago

MyEtherWallet launches multi-chain wallet extension for Polkadot (DOT): Enkrypt

MEW (MyEtherWallet), a platform to access the Ethereum ecosystem, has announced the launch of a new cross-chain browser extension, Enkrypt, which will support transactions across Ethereum and Polkadot. For the first time, MEW users will gain access to Polkadot, the sharded protocol enabling blockchains to operate seamlessly together at scale. Enkrypt supports MEW’s goal to provide […]

The post MyEtherWallet launches multi-chain wallet extension for Polkadot (DOT): Enkrypt appeared first on CryptoNinjas.

Source : CryptoNinjas
11 days ago

TRON (TRX) network now supported on Crypto APIs blockchain dev suite

Crypto APIs, a blockchain development platform, today announced support for TRON in the Crypto APIs blockchain infrastructure product suite. Users can now interact with the TRON mainnet and Nile networks and make requests using Crypto APIs unified endpoints with an average response time of 25ms. Now Supported: TRON Launching its mainnet in May 2018, TRON […]

The post TRON (TRX) network now supported on Crypto APIs blockchain dev suite appeared first on CryptoNinjas.

Source : CryptoNinjas
11 days ago

Mobile data network Nodle (NODL) reaches half a million token holders

Nodle, a decentralized network on Polkadot that provides secure, low-cost connectivity and data liquidity to connect billions of devices worldwide, announced today it has reached half a million token holders (per Subscan, as of August 1, 2022), bringing the project closer to the mission of empowering people to build the first smartphone-powered decentralized network. Having a […]

The post Mobile data network Nodle (NODL) reaches half a million token holders appeared first on CryptoNinjas.

Source : CryptoNinjas
12 days ago

Blockchain.com successfully secures registration in the Cayman Islands

Blockchain.com, the provider of crypto solutions for traders, funds, allocators, VCs, and crypto operators, announced today that it has secured registration in the Cayman Islands. The company can now provide regulated custodial services, operate an exchange, and offer OTC crypto brokerage services for institutional clients under the Cayman Islands Monetary Authority (CIMA). This registration is […]

The post Blockchain.com successfully secures registration in the Cayman Islands appeared first on CryptoNinjas.

Source : CryptoNinjas
12 days ago

Crypto custody platform Fireblocks integrates security token issuance solution from Tokeny

Fireblocks, a provider of blockchain asset and crypto custody technology, today announced it has integrated Tokeny into its platform. The integration will enable clients of Fireblocks the ability to mint and manage permissioned tokens such as digital securities, stablecoins, and loyalty programs across apps, payment networks, and more. Now, with Tokeny’s product suite underscored by […]

The post Crypto custody platform Fireblocks integrates security token issuance solution from Tokeny appeared first on CryptoNinjas.

Source : CryptoNinjas
12 days ago

Crypto exchange WhiteBIT is now available through XTRD’s FIX API

XTRD, an institutional-grade OEMS for crypto-asset trading, announced today that crypto exchange WhiteBIT is now available through its FIX API. XTRD OEMS for cryptocurrency trading now allows for receiving normalized market data and active trading on WhiteBIT’s exchange using a unified FIX 4.4 end-point. Launched in December 2018, WhiteBIT is a European centralized exchange that […]

The post Crypto exchange WhiteBIT is now available through XTRD’s FIX API appeared first on CryptoNinjas.

Source : CryptoNinjas
13 days ago

Crypto lending aggregator FujiDAO integrates Connext Bridge to expand cross-chain functions

FujiDAO, a loan aggregator platform that identifies the best rates on multiple blockchain protocols, announced today it has expanded its capabilities across chains thanks to its integration with Connext. With Connext, developers have access to trust-minimized cross-chain communication to make blockchains composable. The Connext Bridge application is built on top of Connext’s nxtp protocol. Connext […]

The post Crypto lending aggregator FujiDAO integrates Connext Bridge to expand cross-chain functions appeared first on CryptoNinjas.

Source : CryptoNinjas
13 days ago

Korean crypto exchange KODA to use Uppsala to boost AML and threat detection

Uppsala, a blockchain security service provider for crypto AML/CTF, transaction risk management, regulatory compliance, and transaction tracking, has announced today that it has signed a contract to supply digital asset AML solutions to KODA (Korea Digital Asset), a South Korean crypto exchange. Through the contract with Uppsala Security, KODA will receive full access to Uppsala […]

The post Korean crypto exchange KODA to use Uppsala to boost AML and threat detection appeared first on CryptoNinjas.

Source : CryptoNinjas
16 days ago

LATAM crypto exchange Bitso and FMF launch NFT of Mexico’s National Team jerseys

Bitso, a leading cryptocurrency platform operating in Latin America, and the Mexican Football Federation (FMF), today announced the joint launch of the first collectible NFT of the Mexico National Team’s jerseys that was acquired in cryptocurrencies. This morning through their social media platforms, the FMF and Bitso announced the opportunity to acquire the new official […]

The post LATAM crypto exchange Bitso and FMF launch NFT of Mexico’s National Team jerseys appeared first on CryptoNinjas.

Source : Wallet Invester
1420 days ago

Bitcoin $6609.990 – CryptoCurrency Trading Report – 24.09.2018 09:08

Hot news: These changes have happened in the last hour.

In the last one hour Bitcoin is leading the record of among the most popular crypto-currency in the trading ecosystem, it has an decrease of -0.33% from its previous value from 6631.875 dollars now at 6609.990 dollars exchange rate. Next to Bitcoin is T..

The post Bitcoin $6609.990 – CryptoCurrency Trading Report – 24.09.2018 09:08 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
1420 days ago

Bitcoin $6668.000 – CryptoCurrency Trading Report – 24.09.2018 08:08

Hot news: The summaries of the last one hour are the followings:

Bitcoin is leading the rank on the most popular crypto-currency, it has an upsurge of 0.12% in its exchange rate, which means 6668.000 dollars from the 6660.008 dollars earlier. Tether is in the second position as Bitcoin leads the first spot. ..

The post Bitcoin $6668.000 – CryptoCurrency Trading Report – 24.09.2018 08:08 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
1420 days ago

Bitcoin $6640.360 – CryptoCurrency Trading Report – 24.09.2018 07:08

Hot news: Here we summon for you the changes of the market of CryptoCurrency from the last 60 minutes.

In the last hour, Bitcoin is leading the cryptocurrency rank. A fall in the exchange rate was seen from 6663.014 dollars to 6640.360 dollars a -0.34% change. Next to Bitcoin is Tether in the second position..

The post Bitcoin $6640.360 – CryptoCurrency Trading Report – 24.09.2018 07:08 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
1420 days ago

Bitcoin $6674.850 – CryptoCurrency Trading Report – 24.09.2018 06:07

Hot news: Here you can read the new CryptoCurrency report of the last 60 Minutes.

Bitcoin is leading the rank in the last hour as the most popular crypto currency in the trade market, with a recorded fall on its value of about -0.12% in the last hour with a current standing rate of 6674.850 dollars from 6682..

The post Bitcoin $6674.850 – CryptoCurrency Trading Report – 24.09.2018 06:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
1420 days ago

Bitcoin $6686.310 – CryptoCurrency Trading Report – 24.09.2018 05:07

Hot news: There were a lot of happenings in the last 60 minutes on the Crypto stock exchanges.

Bitcoin is listed as the most popular cryptocurrency in the market. In the last sixty minutes, it had an downswing of -0.19% on its trading price. This means from 6699.038 dollars now at 6686.310 dollars. Tether is..

The post Bitcoin $6686.310 – CryptoCurrency Trading Report – 24.09.2018 05:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
1420 days ago

Bitcoin $6704.570 – CryptoCurrency Trading Report – 24.09.2018 04:07

Hot news: Now we show you the newest summary of 60 minutes.

Bitcoin is now leading the rank on the most popular digital currency in the trade market. It has an decrease of -0% in its exchange rate from 6704.570 dollars now at 6704.570 dollars. Bitcoin is seconded by Tether, in a 60 minutes time it has a drop..

The post Bitcoin $6704.570 – CryptoCurrency Trading Report – 24.09.2018 04:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
1420 days ago

Bitcoin $6709.350 – CryptoCurrency Trading Report – 24.09.2018 03:07

Hot news: Here we summon for you the changes of the market of CryptoCurrency from the last 60 minutes.

Bitcoin was in the top position in the last hour, the exchange rate decreases from 6710.021 dollars to 6709.350. This is a -0.01% recorded change. Tether is at the second position next to Bitcoin, with a re..

The post Bitcoin $6709.350 – CryptoCurrency Trading Report – 24.09.2018 03:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
1420 days ago

Bitcoin $6709.780 – CryptoCurrency Trading Report – 24.09.2018 02:07

Hot news: These changes have happened in the last hour.

Bitcoin was in the top position in the last hour, the exchange rate increases from 6689.711 dollars to 6709.780. This is a 0.3% recorded change. Bitcoin is followed by Tether, with a -0.07% tumble on its trade value in the last one hour, equivalent to 0..

The post Bitcoin $6709.780 – CryptoCurrency Trading Report – 24.09.2018 02:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
1420 days ago

Bitcoin $6687.450 – CryptoCurrency Trading Report – 24.09.2018 01:07

Hot news: Here we summon for you the changes of the market of CryptoCurrency from the last 60 minutes.

The number one cryptocurrency leader is Bitcoin, this data was fetched in the last hour. It has an decrease on its trade value to -0.2%, now at 6687.450 dollars from 6700.852. Tether is at the second positi..

The post Bitcoin $6687.450 – CryptoCurrency Trading Report – 24.09.2018 01:07 appeared first on CryptoCurrency Blog.

Source : Wallet Invester
1420 days ago

Bitcoin $6692.560 – CryptoCurrency Trading Report – 24.09.2018 00:07

Hot news: These are the changes of the CryptoCurrency market in the last one hour.

Bitcoin is now leading the rank on the most popular digital currency in the trade market. It has an increase of 0.05% in its exchange rate from 6689.215 dollars now at 6692.560 dollars. Tether is next to the leading crypto Bit..

The post Bitcoin $6692.560 – CryptoCurrency Trading Report – 24.09.2018 00:07 appeared first on CryptoCurrency Blog.

Source : Finance Magnates
8 days ago

BTC Exchange Balance Hits the Lowest Level in 4 Years

<p>The world’s largest <a href="https://www.financemagnates.com/cryptocurrency/" target="_blank">cryptocurrency</a>, Bitcoin (BTC) is currently going through a substantial price recovery after losing almost 70% of its value in the past eight months. Amid the latest market recovery, the BTC balance on leading digital exchanges is plunging.</p><p>According to <a href="https://twitter.com/glassnodealerts/status/1555618447123517440" target="_blank">Glassnode</a>, an on-chain analytics platform, the Bitcoin exchange balance reached 2.37 million BTC on Friday, which is the lowest level since July 2018. Coinbase suffered the most due to the recent balance dip. In July 2022, Binance became the digital exchange with the largest Bitcoin holdings.</p><p>On 6 August 2022, BTC stayed above $23,000 after a jump of approximately 2%. Institutional interest in the world’s most valuable digital asset has increased in the last few days. In the last week of July 2022, BTC investment products witnessed inflows worth $85 million.</p><p>So far this year, BTC investment products attracted $326 million worth of inflows, compared to outflows of $314 million from ETH products.</p><p>BlackRock’s Crypto Move</p><p>Earlier this week, BlackRock, the world’s largest investment management firm, formed a partnership with <a href="https://www.financemagnates.com/cryptocurrency/coinbase-to-connect-blackrocks-aladdin-institutional-clients-to-crypto/" target="_blank">Coinbase</a> to expand its presence in the growing crypto market.</p><p>“This move shows how far the industry has come since BlackRock's CEO, Larry Fink said in 2017 'Bitcoin just shows you how much demand for money laundering there is in the world. That’s all it is'. Now, BlackRock is opening floodgates for institutions to access Bitcoin through its Aladdin product. Aladdin was developed in 1988 and aims to bring clarity to institutional investors. It helped BlackRock stand out amongst its competitors over the years. In 2020, Aladdin handled $21.6 trillion worth of assets, which is over 4% of the world’s wealth. It is connected to over 55,000 investment professionals. It has been announced that Aladdin’s clients will have access to Bitcoin,” Marcus Sotiriou, an Analyst at GlobalBlock, commented.</p> This article was written by Bilal Jafar at www.financemagnates.com.
Source : Finance Magnates
3 days ago

Hotbit Halts Deposits and Withdrawals Following a Criminal Investigation

<p><a href="https://hotbit.zendesk.com/hc/en-us/articles/8074249353495" target="_blank" rel="nofollow">Hotbit</a> suspended deposits, withdrawals and trading for all clients. While such actions are often taken when crypto exchanges face financial difficulties, some of Hotbit's assets were frozen due to an investigation into one of its former employees.</p><p>A former management executive was involved in a project, which was against Hotbit's principles. The <a href="https://www.financemagnates.com/terms/e/exchange/" target="_blank" id="b5da6e64-2afe-421d-9b81-16404b7d59d6_1" class="terms__main-term">exchange</a> was unaware of the project.</p><p>The project is suspected to have violated the law, which led to law enforcement freezing some of Hotbit's funds. Senior management executives have been subpoenaed since the end of July to assist with the investigation.</p><p>Hotbit stresses that it was not involved in the project and is cooperating with law enforcement agencies. Hotbit applied for the release of the frozen assets via its lawyers. The clients' funds are safe, service is expected to resume once the assets are released.</p><p>FTC Probes Bitmart</p><p>A Federal Trade Commission (FTC) investigation was launched into <a href="https://www.financemagnates.com/cryptocurrency/news/hacked-crypto-exchange-bitmart-to-compensate-all-victims/" target="_blank">BitMart's security breach</a>. Two hot wallets of the exchange were compromised in December 2021 (ETH and BSC wallets). $150 million were stolen.</p><p>The private key was used to withdraw the <a href="https://www.financemagnates.com/terms/c/cryptocurrencies/" target="_blank" id="b091101e-6e02-4b36-aa0e-7c972dfdd6ed_1" class="terms__secondary-term">cryptocurrencies</a>. </p><p>BitMart's operators are being investigated to determine whether clients were misled about the security offered by the exchange and to ensure no financial-services laws were violated.</p><p>In the case of Solana, Slope wallets were compromised, which allowed the bad actor to drain thousands of wallets. The FTC wishes to ensure the operations took adequate measures as the breach was via the private key.</p><p>Since the hack of the Slope wallets, investors are strongly advised to consider hardware wallets as opposed to hot wallets. Ledger and Trezor are among the most popular hardware wallets in today's market.</p> This article was written by Matti Williamson at www.financemagnates.com.
Source : Finance Magnates
6 days ago

Crypto.com Boosts Global Presence, Secures Registration in South Korea

<p>One of the world’s largest cryptocurrency trading platforms, Crypto.com has expanded its international presence through the virtual asset service provider registration in South Korea. The digital asset firm has acquired the payment service provider, PnLink and virtual asset service provider OK-BIT.</p><p>The latest announcement from Crypto.com came almost two weeks after the <a href="https://www.financemagnates.com/cryptocurrency/regulation/cryptocom-obtains-regulatory-approval-from-the-cysec/" target="_blank">company received regulatory approval from CySEC</a>. In June 2022, the firm obtained in-principle approval from Singapore’s MAS.</p><p>South Korea is one of the fastest-growing crypto markets in the world. With a GDP of more than $1.6 trillion, the country is home to some of the world’s prominent digital asset firms.</p><p>“This is an exciting next step for Crypto.com in an important market,” <a href="https://crypto.com/company-news/crypto-com-secures-electronic-financial-transaction-act-and-virtual-asset-service-provider-registration-in-south-korea" target="_blank">said</a> Kris Marszalek, the Co-Founder and CEO of Crypto.com. “We are committed to working with regulators to continue to bring our products and services to market, particularly in countries like South Korea where consumers have shown strong interest and adoption of digital currencies.”</p><p>In June this year, Crypto.com received provisional approval from Dubai Virtual Assets Regulatory Authority (VARA).</p><p>Asia’s Crypto Ecosystem</p><p>Asia is getting popular among leading crypto firms around the world. Earlier this year, FTX announced the launch of FTX Japan to facilitate the company’s Japanese users. In March 2022, <a href="https://www.financemagnates.com/cryptocurrency/news/paxos-gains-in-principal-approval-from-singapore-regulator/" target="_blank">Paxos</a>, a prominent crypto trading and custody platform, gained in-principle approval from the Monetary Authority of Singapore (MAS).</p><p>“We believe our services can not only help further evolve and empower commerce in Korea but also support the greater creation and development of our Web3 ecosystem,” said Patrick Yoon, the General Manager in South Korea at Crypto.com. “Korea is a tremendously important market for Crypto.com in advancing blockchain technology.”</p><p>In July 2022, Crypto.com secured registration and regulatory approval from the Organismo Agenti e Mediatori (OAM) in Italy as a provider of virtual currency and digital wallet services.</p> This article was written by Bilal Jafar at www.financemagnates.com.
Source : Finance Magnates
4 days ago

Why Crypto Miners Flock to Dubai Despite the Hot Weather

<p dir="ltr">Dubai has quickly become one of the world's crypto-hubs following the introduction of efficient digital asset-friendly regulation.</p><p dir="ltr">In this column, we will explore how the emirate, with daily temperatures rising to 42°C in the summer, features optimal conditions for crypto mining businesses.</p><p dir="ltr">Dubai: The New Crypto Hub</p><p dir="ltr">With high temperatures and humidity, it's safe to say that Dubai's climate is not the most optimal for operating delicate electronics, like the equipment needed for crypto mining.</p><p dir="ltr">However, many entrepreneurs – myself included – are building their mining centers in the emirate, and not without reason.</p><p dir="ltr"><a href="https://www.addleshawgoddard.com/en/insights/insights-briefings/2022/general/dubai-issues-new-virtual-assets-law/">Passed</a> in late February and enacted on March 11, Dubai's Virtual Asset Law (VAL) has established an efficient, clear and crypto-friendly regulation around the digital asset sector.</p><p dir="ltr">With the oversight of the independent Dubai Virtual Assets Regulatory Authority (VARA), the new framework transforms the emirate's cryptocurrency industry from a legal gray zone into a fast-growing global hub that facilitates innovation and development with an open approach.</p><p dir="ltr">Furthermore, while the UAE plans to introduce a 9% federal corporate tax on business profits from June 2023 on taxable income above 375,000 AED ($102,000) outside free zones, this rate is much lower than what most nations charge, and it is well <a href="https://files.taxfoundation.org/20211207171421/Corporate-Tax-Rates-around-the-World-2021.pdf">below</a> the worldwide average of 23.54%.</p><p dir="ltr">In addition to low taxes, Dubai features one of the best labor forces globally, which comes in especially handy when you are building a technology company.</p><p dir="ltr">In terms of <a href="https://www.financemagnates.com/terms/c/crypto-mining/" target="_blank" id="b7de0d78-81b9-460d-b33d-311d7d0dff0e_3" class="terms__main-term">crypto mining</a>, the UAE <a href="https://govdata360.worldbank.org/indicators/h6779690b?indicator=42573&viz=line_chart&years=2014,2019#table-link">had</a> the 13th cheapest cost of electricity out of 190 countries analyzed by the World Bank in 2019.</p><p dir="ltr">As a result, while there are some challenges in terms of cooling and renewables usage, cryptocurrency mining can be highly profitable in Dubai if we use the right solutions (and this is also why the largest mining <a href="https://www.financemagnates.com/terms/d/data-center/" target="_blank" id="15e21ee2-47b7-466a-8723-403e3053c1b2_1" class="terms__secondary-term">data center</a> in the world launched in Dubai this year).</p><p dir="ltr">Tackling Hot Weather with Immersion Cooling</p><p dir="ltr">In many countries, the weather is suitable to leverage inexpensive air cooling to operate crypto mining equipment. Immersion cooling, where IT components and electronics are submerged in a thermally conductive and electrically insulating liquid or coolant, is rarely used due to its high costs and complex technological infrastructure requirements.</p><p dir="ltr">However, due to the high levels of heat and high humidity in Dubai, immersion cooling is the only cost-effective way to establish the operational activities of a mining data center in the emirate.</p><p dir="ltr">Strangely enough, immersion cooling is rarely considered when it comes to increasing the equipment's hash rate. While it increases the service life of equipment due to reduced wear, this cooling practice enhances profitability by 150-200%.</p><p dir="ltr">Solar Energy and Its Challenges for Miners</p><p dir="ltr">For a long time, crypto mining has been heavily criticized for its substantial energy usage and potential environmental impact. Fortunately, renewables like solar power can provide an effective and green solution to this issue.</p><p dir="ltr">And, using solar energy has long been a reality in Dubai, as the world's largest solar power plant is <a href="https://www.mbrsic.ae/en/about/mohammed-bin-rashid-al-maktoum-solar-park/#:~:text=The%20Mohammed%20bin%20Rashid%20Al,investments%20totalling%20AED%2050%20billion.">located</a> here. At the same time, the UAE <a href="https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/electric-power/051721-uae-expects-20-of-power-generation-to-come-from-clean-energy-in-three-years-official">expects</a> at least 20% of its installed electricity capacity to be from renewable sources by 2024.</p><p dir="ltr">However, one thing is to produce renewables, and another is to consume them as a blockchain business. For miners, the main obstacle to using solar energy is the cost of mining.</p><p dir="ltr">While miners need a continuous current supply, most solar panels can generate electricity for 16 hours a day and offer a usable capacity for businesses for only 8 hours a day. To solve this issue, mining firms have to invest heavily into building solar stations to expand capacity.</p><p dir="ltr">One way to tackle this challenge is by installing Tesla storage batteries to the solar panel infrastructure, making projects more attractive from an economic point of view.</p><p dir="ltr">Ilman Shazhaev, the Founder of the Bitcoin mining-powered GameFi metaverse Farcana, the <a href="https://oneboost.ai/" target="_blank">OneBoost </a>digital asset management company, as well as international data centers in Malaysia, Russia and China. Currently, Ilman is building a new data center in Dubai.</p> This article was written by Ilman Shazhaev at www.financemagnates.com.
Source : Finance Magnates
3 days ago

Zero Hash to Become a Digital Currency Exchange Provider in Australia

<p class="MsoNormal text-align-justify">Zero Hash Holdings, a digital asset services firm that enables neo-banks, broker-dealers and payment groups to offer digital asset offerings, has successfully registered to be a Digital Currency Exchange provider (DCE) in Australia. </p><p class="MsoNormal">The registration was granted by the Australian Transaction Reports and Analysis Center (AUSTRAC), the Australian government financial intelligence agency.</p><p class="MsoNormal">Zero Hash completed the registration under Zero Hash Australia Pty Limited, which is its subsidiary in the country.</p><p class="MsoNormal">The digital asset infrastructure provider announced the development on Thursday in <a href="https://blog.zerohash.com/zero-hash-secures-registration-with-austrac-for-australian-expansion-f85539013032">an update</a> posted on its website.</p><p class="MsoNormal">The registration means that Zero Hash Australia can provide its digital asset infrastructure services to Australian fintech companies to enable them to meet the crypto and digital asset needs of their customers. </p><p class="MsoNormal">Edward Woodford, the CEO and Founder of Zero Hash Holdings, noted that the registration is part of the company’s efforts to become the <a href="https://www.financemagnates.com/tag/digital-assets/" target="_blank">global digital asset infrastructure</a> for every financial institution.</p><p class="MsoNormal">“This registration not only allows us to power thriving Australian fintech but also complements our footprint of licensing across the globe including the United States and Canada, that enables our global clients a one-stop solution to a global client base in digital assets,” Woodford explained.</p><p class="MsoNormal">Zero Hash Australia Gets Strategic Adviser</p><p class="MsoNormal">Meanwhile, Zero Hash said its Australian subsidiary has selected Claire Wivell Plater as a Non-Executive Director (NED) and Strategic Adviser.</p><p class="MsoNormal">Plater is a longstanding member of <a href="https://www.financemagnates.com/tag/asic/" target="_blank">the Australian Securities and Exchange Commission</a>’s Business Advisory Committee.</p><p class="MsoNormal">Commenting on her appointment, Plater said she was looking forward to contributing to the expansion of Zero Hash's business in the Asia Pacific region.</p><p class="MsoNormal">“Australia is a perfect market for Zero Hash, with estimates that about 29% of Australians already own at least one cryptocurrency,” Plater added.</p><p class="MsoNormal">Zero Hash <a href="https://www.financemagnates.com/cryptocurrency/news/zero-hash-secures-105-million-in-series-d-funding-round/">recently raised $105 million</a> from its Series D funding round.</p><p class="MsoNormal">The round saw participation from investors such as Point72 Ventures, a multi-stage global venture capital fund, NYCA Partners, a venture capital and advisory firm, and Bain Capital, a private investment firm based in Boston.</p> This article was written by Solomon Oladipupo at www.financemagnates.com.
Source : Finance Magnates
2 days ago

Ethereum 2.0 Deposit Contract Approaches 13.3 Million ETH

<p>With a price surge of more than 13%, Ethereum remained the best-performing crypto asset among the top 10 in the last seven days. One of the major reasons behind the price recovery is the growing interest in ETH’s network upgrade (Ethereum 2.0).</p><p>According to Etherscan, a block explorer and analytics platform for Ethereum, the deposit contract of ETH 2.0 now has over <a href="https://etherscan.io/address/0x00000000219ab540356cbb839cbe05303d7705fa" target="_blank">13.29 million</a> tokens, which is the highest level on record. Amid the price surge, the total value of Ethereum staked under the deposit contract now stands at around $25 billion.</p><p>“With Ethereum's final Testnet merge on Thursday, prices briefly jumped above $1,900. Developers confirmed that the much-anticipated ETH upgrade will happen on September 15th or 16th. The social volume will dictate price volatility leading up to the event,” Santiment noted.</p><p>The ETH community showed support for the network upgrade of the world’s second-largest crypto asset from the very start. During the first week of the launch of <a href="https://www.financemagnates.com/cryptocurrency/news/ethereum-2-0-goes-live-with-beacon-chain-as-community-staked-90000-eth/" target="_blank">Beacon Chain</a>, Ethereum 2.0 deposit contract attracted more than 1 million ETH. The number topped 3 million in February 2021 and 13 million in July 2022.</p><p>Ethereum's Dominance</p><p>The overall dominance of ETH across the <a href="https://www.financemagnates.com/cryptocurrency/" target="_blank">crypto</a> market is surging. Ethereum now accounts for more than 20% of the market cap of cryptocurrencies, compared to nearly 14% in July 2022.</p><p>“For the first time in history, ETH Options Open Interest at $6.6B has surpassed BTC Open Interest at $4.8B. This appears to be a result of traders betting big with call options the Merge scheduled for mid-September,” Glassnode highlighted.</p><p>In the past 24 hours, whale ETH transactions have jumped sharply. The latest data posted by Whale Alert indicates that a large crypto address moved 20,000 Ethereum worth more than $38 million from Huobi to Binance on Friday 12 August at around 03:33 UTC.</p> This article was written by Bilal Jafar at www.financemagnates.com.
Source : Finance Magnates
7 days ago

Voyager Digital to Enable Cash Withdrawals from 11 August 2022

<p><a href="https://www.financemagnates.com/cryptocurrency/news/voyager-calls-alamada-ftxs-offer-low-ball-bid-bankman-fried-hits-back/" target="_blank">Voyager Digital</a> crypto <a href="https://www.financemagnates.com/terms/e/exchange/" target="_blank" id="b5da6e64-2afe-421d-9b81-16404b7d59d6_1" class="terms__main-term">exchange</a> received the approval of the court to release $270 million in cash deposits. Starting on 11 August 2022 (Thursday), cash withdrawals will open to the platform's users.</p><p>Users can withdraw up to $100,000 in cash using an automated clearing house transfer.</p><p>The Voyager team released the following statement on their blog, affirming the opening of cash withdrawals:</p><p>"We anticipate resuming access to the Voyager app for cash withdrawals only, starting on Thursday, August 11th. Customers with cash (US dollars) in their accounts will receive an email with more details before cash withdrawal access in the app becomes available.</p><p>"We anticipate customers will receive their funds in about 5-10 business days after making their requests.</p><p>"Requests will be processed as quickly as possible but will require some manual review, including fraud reviews and account reconciliation, and timing will depend, in part, upon the individual banks to which customers transfer their cash.</p><p>"Once cash withdrawals are enabled, customers can withdraw up to $100,000 via the app/ACH in a 24-hour period."</p><p>source: <a href="https://www.investvoyager.com/blog/update-on-cash-access-and-reorganization/" target="_blank" rel="nofollow">voyager</a></p><p>Stephen Ehrlich's $30M Profits</p><p>According to <a href="https://www.cnbc.com/2022/08/03/voyager-ceo-made-millions-in-stock-sales-in-2021.html" target="_blank" rel="nofollow">CNBC</a>, Voyager's CEO Stephen Ehrlich earned millions of dollars from selling the company's stocks in February and March 2021. Voyager's stock was trading at 7 cents in 2020 before climbing over $25 in 2021.</p><p>Voyager was able to go public following a reverse <a href="https://www.financemagnates.com/terms/m/merger/" target="_blank" id="7631c19b-b9f3-43ee-a0cf-d4f8094270bc_1" class="terms__secondary-term">merger</a> deal with UC Resources Ltd on Canada's exchange.</p><p>It has been estimated that Ehrlich sold just under 2 million stocks from February to March 2021 in 11 different sales. Ehrlich earned around $31 million from the sales.</p><p>The top transactions (totalling 1.4 million stocks) were tied to a $50M secondary offering by Stifel Nicolaus.</p><p>The Federal Reserve and the Federal Deposit Insurance Corp (FDIC) warned Voyager that it may have misled clients by indicating clients' funds are insured by the government.</p><p>The FDIC said Voyager had an account at Metropolitan Commercial Bank, but clients that invested via Voyager's platform were not covered by the FDIC. In a released statement, the regulator said the following:</p><p>''Based on the information gathered to date, it appears that these representations likely misled and were relied upon by customers who placed their funds with Voyager and do not have immediate access to their funds."</p> This article was written by Matti Williamson at www.financemagnates.com.
Source : Finance Magnates
10 days ago

Coinbase to Connect BlackRock's Aladdin Institutional Clients to Crypto

<p>Coinbase, an American cryptocurrency exchange firm, has announced its partnership with BlackRock, a leading asset management firm.</p><p>Under the partnership, Coinbase will provide direct access to <a href="https://www.financemagnates.com/cryptocurrency/trading/" target="_blank">crypto trading</a> capabilities to institutional users of Aladdin, which is an end-to-end investment management platform owned by BlackRock.</p><p>Brett Tejpaul, the Head of Coinbase Institutional, and Greg Tusar, the Vice President of Institutional Product, announced the collaboration on Thursday in <a href="https://blog.coinbase.com/coinbase-selected-by-blackrock-provide-aladdin-clients-access-to-crypto-trading-and-custody-via-b9e7144f313d">a blog article</a> on the exchange's website. </p><p>The crypto trading feature will be kicked off with access to Bitcoin trading for <a href="https://www.financemagnates.com/terms/i/institutional-trading/" target="_blank">the institutional clients</a>, Tejpaul and Tusar noted.</p><p>“Our scale, experience and integrated product offering represented what BlackRock believes to be a logical partner for Aladdin,” it explained.</p><p>Coinbase Prime</p><p>Coinbase said the capacity will be delivered through Coinbase Prime, its institutional <a href="https://www.financemagnates.com/tag/prime-brokerage/" target="_blank">prime brokerage platform</a> for crypto assets.</p><p>Through Coinbase Prime, the exchange will provide access to custody, prime brokerage and reporting functionalities to Aladdin institutional users.</p><p>“Built for institutions, Coinbase Prime integrates advanced agency trading, custody, prime financing, staking and staking infrastructure, data, and reporting that supports the entire transaction lifecycle,” Tejpaul and Tusar explained. </p><p>These features will be enjoyed by institutional customers of Aladdin who are also customers of the publicly-traded exchange, Coinbase said.</p><p>The exchange noted that its institutional clients include asset allocators, financial institutions, hedge funds and corporate treasures, among others. </p><p>In his comment on the partnership, Joseph Chalom, the Global Head of Strategic Ecosystem Partnerships at BlackRock, noted that the Coinbase Prime connectivity with Aladdin will enable the company’s clients to manage their exposure to Bitcoin directly from their Aladdin workflows.</p><p>Chalom added that the new feature will give its clients “a whole portfolio view of risk across asset classes.”</p><p>“Our institutional clients are increasingly interested in gaining exposure to digital asset markets and are focused on how to efficiently manage the operational lifecycle of these assets,” Chalom explained.</p><p>Both companies noted that they will continue to work on the integration and introduce new features over time to interested clients.</p><p>“As the trusted partner enabling institutions to participate and transact in the cryptoeconomy, we are committed to pushing the industry forward and creating new access points as institutional crypto adoption continues to rapidly accelerate,” Coinbase noted.</p> This article was written by Solomon Oladipupo at www.financemagnates.com.
Source : Finance Magnates
3 days ago

Crypto.com Continues Global Expansion, Gets Approval in Cayman Islands

<p>Crypto.com, a cryptocurrency exchange based in Singapore, has received regulatory approval to operate as a virtual asset service provider (VASP) in the Cayman Islands.</p><p>Additionally, the crypto exchange received registration to function as a VASP in the self-governing overseas territory of the United Kingdom.</p><p>Crypto.com, which <a href="https://crypto.com/company-news/crypto-com-secures-virtual-asset-service-provider-registration-from-cayman-islands-monetary-authority">announced the development</a> on Thursday, said it got the registration and approval from the Cayman Islands Monetary Authority (CIMA).</p><p>CIMA is the primary financial market regulatory body in the Cayman Islands.</p><p>The crypto exchange noted that approval will make it possible for it to offer a range of digital asset products and services that are compliant with the islands’ regulations.</p><p>Kris Marszalek, the Co-Founder and CEO of Crypto.com, in a statement said the approval is a testament of the cryptocurrency exchange’s dedication to compliance.</p><p>Marszalek also noted that the development proves Crypto.com’s "constructive approach to regulator engagement."</p><p>“We look forward to expanding our suite of offerings and services available, and continuing to work with stakeholders across sectors on advancing blockchain technology,” he said.</p><p>Crypto.com Aims for Global Impact</p><p>Crypto.com, which was established in 2016, describes itself as the world’s fastest growing global cryptocurrency platform. </p><p>The crypto exchange said it serves over 50 million customers and is committed to powering the global adoption of cryptocurrency.</p><p>The new approval from CIMA is one only of several regulatory approvals the Singapore-based exchange has gained recently.</p><p>On Monday, Crypto.com <a href="https://www.financemagnates.com/cryptocurrency/news/cryptocom-boosts-global-presence-secures-registration-in-south-korea/">announced that</a> it had secured the Electronic Financial Transaction Act and VASP registration in South Korea. </p><p>The exchange achieved this by acquiring PnLink Co. Limited, a payment service provider, and OK-BIT Co. Limited, a VASP company.</p><p>In July, the exchange <a href="https://www.financemagnates.com/cryptocurrency/regulation/cryptocom-obtains-regulatory-approval-from-the-cysec/">obtained regulatory approval</a> from the Cyprus Securities and Exchange Commission (CySEC) to operate in island country Cyprus, which is popular as a tax haven.</p><p>Earlier in June, Crypto.com <a href="https://www.financemagnates.com/cryptocurrency/news/cryptocom-gets-in-principle-approval-from-singapores-mas/">also got in-principle approval</a> from the Monetary Authority of Singapore to operate as a major payment institution.</p><p>Among other things, this license will enable the cryptocurrency exchange to offer digital payment token services to clients in the country.</p><p>Furthermore, in early June, Crypto.com obtained <a href="https://www.financemagnates.com/cryptocurrency/regulation/cryptocom-gets-provisional-approval-from-dubai-regulatory-authorities/">provisional approval</a> for the Minimal Viable Product license of the Dubai Virtual Assets Regulatory Authority.</p><p>This license will enable the crypto exchange to offer additional products and services to both institutional investors and qualified consumers.</p> This article was written by Solomon Oladipupo at www.financemagnates.com.
Source : Finance Magnates
6 days ago

Dormant Ethereum Supply Reaches All-Time High

<p>Ethereum, the world’s second most valuable digital currency, witnessed a strong jump in its price over the weekend. On Monday, ETH touched $1,770, which is its highest level since June 2022. Amid a price recovery, dormant Ethereum supply reached its highest level on record.</p><p>According to the data shared by <a href="https://twitter.com/glassnodealerts/status/1556539491527041024" target="_blank">Glassnode</a>, an on-chain analytics platform, the ETH supply that was active almost 10 years ago touched an all-time high of 2.436 million on 8 August. In addition to ETH’s dormant supply, transaction fees (also known as the gas fees) on the Ethereum network are also plunging.</p><p>"As the Ethereum network gears up for The Merge, its gas fees are moving at record lows. The network’s gas fees have been at their lowest rates since 2020. This is really positive for the network. Gas fees became one of the banner issues of 2021 for Ethereum and its related crypto asset ether. Fees per transaction were running extremely high, around $40 per transaction on average, leading some analysts to call the network broken. But, cooling demand on the network has brought these fees back to earth,” Simon Peters, Market Analyst at eToro, said.</p><p>Profitability across the ETH network has increased in the past few weeks. In July, the profitable Ethereum <a href="https://www.financemagnates.com/cryptocurrency/news/ethereum-supply-in-profit-hits-56-eth-jumps-40-in-7-days/" target="_blank">supply touched 56%</a>.</p><p>Bitcoin vs Ethereum</p><p>While BTC and ETH have both witnessed strong retail demand in the past few days, institutional investors preferred Bitcoin over the second-largest <a href="https://www.financemagnates.com/tag/crypto/" target="_blank">crypto</a> asset.</p><p>“While much focus is put on The Merge, and the array of dApps and other protocols on the Ethereum blockchain, the growing Bitcoin Lightning network has much to offer too, according to a report from Arcane Research. Bitcoin’s Lightning Network is a really interesting aspect of the world’s largest crypto asset that often goes forgotten. But, Arcane’s study finds the number of payments has doubled in a year on the network and the value of payments has increased 400% (by dollar value),” Peters added.</p> This article was written by Bilal Jafar at www.financemagnates.com.
Source : Finance Magnates
5 days ago

The United States Blacklisted Tornado Cash, the Crypto Industry Reacts

<p>The United States sanctioned the infamous coin mixing service, Tornado Cash (website is currently offline). In May the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) took actions against Blender.</p><p>Blender was used by the Democratic People’s Republic of Korea (DPRK) for <a href="https://www.financemagnates.com/terms/m/money-laundering/" target="_blank" id="f30ffb65-351e-44d6-9dae-0714f08b59b2_1" class="terms__main-term">money laundering</a> according to the United States. Lazarus Group, which is linked to the DPRK hacked Axie Infinity (around $600M were stolen) laundered approximately $20M via Blender.</p><p>Over $7 billion were laundered on Tornado Cash since 2019 according to the <a href="https://www.financemagnates.com/cryptocurrency/regulation/kraken-facing-investigation-for-violating-us-sanctions/" target="_blank">OFAC</a>. Cryptocurrencies that were hacked from Harmony Bridge and Nomad were laundered on Tornado Cash.</p><p style="" class="text-align-center">source: <a href="https://dune.com/poma/tornado-cash_1" target="_blank" rel="nofollow">dune</a></p><p style="" class="text-align-left">Under Secretary of the Treasury for Terrorism and Financial Intelligence, Brian E. Nelson said: "Today, Treasury is sanctioning Tornado Cash, a virtual currency mixer that launders the proceeds of cybercrimes, including those committed against victims in the United States.</p><p>“Despite public assurances otherwise, Tornado Cash has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious cyber actors on a regular basis and without basic measures to address its risks.</p><p>"Treasury will continue to aggressively pursue actions against mixers that launder virtual currency for criminals and those who assist them.”</p><p>In May 2022, Tornado Cash banned wallets that the OFAC inked to Lazarus. However, the addresses were only banned from the website and not from the smart contracts that cannot be updated.</p><p>The OFAC was displeased with Tornado Cash's inability to blacklist addresses from its contracts, which lead to the ban of its website and smart contracts.</p><p>Circle Freezes USDC in Sanctioned Addresses</p><p>The sanctions mean US crypto investors can no longer use Tornado Cash. 38 ETH addresses and 6 USDC addresses were added to OFAC's Specially Designated Nationals (SDN) list and may be viewed at the <a href="https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20220808" target="_blank" rel="nofollow">US Department of Treasuty website</a>.</p><p>GitHub took action to comply with the new US sanctions. Tornado Cash developers were suspended from the platform, including Roman Semenov and Alexey Pertsev.</p><p style="" class="text-align-center">source: <a href="https://twitter.com/semenov_roman_/status/1556717890308653059" target="_blank" rel="nofollow">Twitter</a></p><p style="" class="text-align-left"><a href="https://www.financemagnates.com/cryptocurrency/news/circle-to-launch-euro-pegged-stablecoin/" target="_blank">Circle,</a> the Founder of USDC <a href="https://www.financemagnates.com/terms/s/stablecoin/" target="_blank" id="e84b040e-4d12-499b-99bf-8ba75ea058ca_1" class="terms__secondary-term">stablecoin</a> complied with the sanctions and blacklisted the addresses on the SDN list. Early reports suggest that a notch over $70,000 were frozen by Circle.</p><p style="" class="text-align-center">source: <a href="https://twitter.com/bantg/status/1556712790894706688/photo/1" target="_blank" rel="nofollow">Twitter</a></p><p>Both Infura and Alchemy blocked RPC calls to Tornado Cash in compliance with the recent sanction. At the time of this writing, however, users may still connect to Tornado Cash using CLI.</p><p>The Crypto Industry Reacts to the Sanctions</p><p>Several figures in the crypto industry expressed their concerns about the sanctions. <a href="https://www.coincenter.org/u-s-treasury-sanction-of-privacy-tools-places-sweeping-restrictions-on-all-americans/" target="_blank" rel="nofollow">Coin Center</a>, a non-profit research and advocacy center that focuses on policy issues facing cryptocurrency and decentralized technologies is surprised by the sanctions.</p><p style="" class="text-align-left">The OFAC SDN list is composed of individuals that engaged in terrorism, enemy states or other sanctioned activities. Being on the list means they cannot benefit from the US financial system.</p><p style="" class="text-align-left">"A smart contract is a robot, not a person. It is software that resides on the Ethereum blockchain."</p><p style="" class="text-align-left">In other words, if a US citizen receives a transaction via a Tornado Cash address he cannot reject it, which could be a violation of OFAC rules. Muneeb Ali, the Co-Founder of Stacks agrees that OFAC should be against people, not technology.</p><p style="" class="text-align-left">Shapeshift CEO and Founder, Erik Voorhees tweeted to the MakerDAO community to unwind USDC collaterals and to move to more 'censorship resistant' stablecoins.</p><p style="" class="text-align-left">Jake Chervinsky, an executive at Blockchain Association wrote the following in reaction to the US sanctions:</p><p style="" class="text-align-left">"For years, the Treasury has carefully distinguished bad actors from the neutral tools, and technology that they (plus everyone else in the world) are able to use.</p><p style="" class="text-align-left">"The decision to sanction TornadoCash, a decentralized protocol, threatens that smart and balanced approach to crypto.”</p><p style="" class="text-align-left">As the protocol is decentralized as opposed to centralized, it cannot be halted. There are growing calls for a decentralized stablecoin as opposed to USDC.</p><p style="" class="text-align-left">OFAC Figures May Be Inaccurate</p><p style="" class="text-align-left">According to Elliptic, only $1.54 billion were laundered via Tornado Cash. The total sum that has been transacted through the mixer is nudging above $7 billion.</p><p style="" class="text-align-center">source: <a href="https://hub.elliptic.co/analysis/tornado-cash-mixer-sanctioned-after-laundering-over-1-5-billion/" target="_blank" rel="nofollow">elliptic</a></p><p style="" class="text-align-left">Honest US investors that have conducted transactions via Tornado Cash may face difficulties.</p><p style="" class="text-align-left">Due to its decentralization, Tornado Cash can be forked to create similar mixers. Liquidity, however, will be required, which may take some time to gather.</p><p style="" class="text-align-left">Will It Stop Money Laundering?</p><p style="" class="text-align-left">While it is true that North Korean hackers have used Tornado Cash for laundering, the alternative is bridging, which has been done in the past.</p><p style="" class="text-align-left">The bad actor can bridge ETH, for example, to AVAX, which cannot be traced unless a significant amount is bridged in a single transaction. There will always be alternatives to Tornado Cash.</p><p style="" class="text-align-left"><a href="https://aztec.network/" target="_blank" rel="nofollow">Aztech</a> is developing a privacy layer for web3 projects. Dubbed 'VPN' for ether transactions, a decentralized private smart contract platform is on its roadmap.</p><p style="" class="text-align-left">Aztech is comparing current ETH wallets to credit card transactions, which are publicly available to all. The company is working on bringing privacy to DeFi.</p><p style="" class="text-align-left">More protocols may accelerate their focus on privacy as a result of the sanctions.</p> This article was written by Matti Williamson at www.financemagnates.com.
Source : Finance Magnates
9 days ago

The End of the Narrative Era: Crypto Must Focus on Utility

<p>Bitcoin and crypto have up to now been driven by narratives. Essentially, this means that stories are told about what crypto can do, or is just on the verge of doing, and then hype builds around these concepts, driving interest and pushing up prices.</p><p> In the case of bitcoin, this has worked particularly well due to its neutrality, and the financial/historical literacy of its advocates, who can quickly identify the societal gaps into which bitcoin slots most easily.</p><p> Whatever the crisis of the moment that is grabbing headlines, or being circulated on social media if it’s an angle mainstream news channels won’t cover, bitcoin is frequently presented, plausibly, as a solution.</p><p> So when the issue is walking-dead, bailed-out financial institutions, bitcoin is an independent network that cannot be corrupted. When private individuals cannot access their funds (see the truckers' protest in Canada, when citizens’ bank accounts were frozen), bitcoin is presented as a decentralized, bank-free alternative.</p><p> When war breaks out in Eastern Europe, bitcoin is shown to have utility for both sides in the conflict (as a potential off-the-shelf alternative for a country, like Russia, that's locked out of the global banking system, and as a way of quickly transferring money to war-threatened Ukrainians in need of relief, and also as a means for those fleeing danger to transport their monetary wealth).</p><p>Bitcoin as a Trojan Horse</p><p>Commentators including <a href="https://www.youtube.com/watch?v=3xH1vBuDbBA">Alex Gladstein</a>, of the Human Rights Foundation, have put forth the concept of bitcoin as a Trojan Horse, smuggling in freedom. The idea goes something like this: investors are attracted to bitcoin because of its ‘number go up’ characteristics. Meaning that they see how much its value has risen over the past decade, and correspondingly, how much the purchasing power of fiat has declined, and figure out that it might be a good idea to change some of that fiat into <a href="https://www.financemagnates.com/tag/bitcoin/" target="_blank">bitcoin</a>.</p><p>They’re driven by self-interest, rather than noble intentions around the betterment of society, and that’s fine, because the socially beneficial aspects of bitcoin are advanced simply through having people at first hold it, and then, hopefully, transact with it.</p><p> Essentially, bitcoin contains within it freedom, decentralization and a shift away from top-down authority, so no matter your initial motivation in buying it, and wherever your politics might lie, you’re co-opted into advancing bitcoin’s power as a pro-freedom technology.</p><p> “<a href="https://www.youtube.com/watch?v=VVxYOQS6ggk">Greed is good</a>”, said Gordon Gekko, but when it comes to bitcoin, self-interest is globally liberating.</p><p>Buying Alone Is Not Adoption</p><p>We often hear talk of crypto adoption, and there are positive charts showing the numbers of crypto wallets growing, indicating that increasing numbers of people are holding crypto. But, what does adoption actually mean, and does the act of simply creating a wallet and holding some coins fit the definition?</p><p>When there’s a bout of FOMO and crypto is flying, is that adoption? Arguably not, because the nuance contained within the term adoption is about something actually being utilized for a specific purpose.</p><p> How about, in the case of bitcoin, being held as a store of value that moves in the opposite direction to fiat’s declining power? This is much closer to a meaningful form of adoption but still falls short of full use as a true currency that is employed regularly as a means of exchange.</p><p>From Narratives to True Utility</p><p>While narratives have been tremendously useful in onboarding newcomers and creating compelling, believable predictions about what crypto might enable, there is a point at which stories must translate into reality.</p><p> It would be satisfyingly clean if the first decade of crypto’s existence were about exploring concepts and testing the imagination, and the second decade turned into an era of tangible use cases.</p><p>By the way, you will find crypto skeptics who declare that crypto is a solution in search of a problem. It’s a catchy line, implying that there is no real utility in crypto, but despite sounding snappy, it feels reminiscent of those who expressed <a href="https://www.newstatesman.com/science-tech/2016/08/25-years-here-are-worst-ever-predictions-about-internet">similar, wide-of-the-mark sentiments</a> about the web in its early days.</p><p>However, it is true that, as happened with the web, crypto's use cases need to become clearer and more apparent. That said, this looks likely to occur, considering ongoing high levels of developer activity in a crypto space that is becoming more resilient with every bearish cycle.</p><p>Keeping It Simple</p><p>With regard to what crypto's use cases actually are, there is no need to over-complicate matters or to shoehorn <a href="https://www.financemagnates.com/tag/crypto/" target="_blank">crypto</a> in where it is not required. A small but important number of simple, practical uses are immediately apparent, and from those foundations, more esoteric and complex extensions might evolve in time for those who are interested in pushing the boundaries.</p><p> If bitcoin functions as a store of value and usable currency, that alone will be genuinely profound, moving us into a post-fiat era in which personal finances and transactions no longer require the involvement of central authorities.</p><p>And, if fungible assets become digital and in self-custody, then the same can be true of unique items, as represented by <a href="https://www.financemagnates.com/tag/nfts/" target="_blank">NFTs</a>. Any item that currently requires verifiable proof of ownership can have that proof stored as an NFT, meaning that again, no centralized authority is required, and we then have full independent ownership and verification of our assets, both monetary and unique.</p><p> What’s more, NFTs can extend from the digital to the physical, meaning that rights over real-world assets can be held in NFT format, and ownership can be traded digitally, instantly, and without the need for third-party involvement.</p><p> Through the development of DeFi, we see the means by which financial services that currently rely on permissions granted by centralized institutions can begin to operate on an entirely peer-to-peer, decentralized, more democratic and transparent level.</p><p> These three basic uses, decentralized currency, decentralized trade in non-fungible items, and decentralized financial services, would shift us into a distinctly new era. They would then, in time, fully open up that quietly advancing Trojan Horse.</p> This article was written by Sam White at www.financemagnates.com.
Source : Finance Magnates
4 days ago

Coinbase Posted over $1 Billion Losses in Q2 2022

<p>Coinbase crypto exchange reported significant losses in Q2. The exchange posted a loss of over $1 billion while missing analysts' forecasts.</p><p>- Loss of $4.98 per stock vs a forecasted loss of $2.65</p><p>- Revenue of $808.3 million vs a forecasted revenue of $832.2 million</p><p>The US exchange revenue dropped 64% with retail transactions revenue at $616.2 million, which is down 66%. Trading volumes (in $B) were significantly lower across in Ethereum and other <a href="https://www.financemagnates.com/terms/c/cryptocurrencies/" target="_blank" id="b091101e-6e02-4b36-aa0e-7c972dfdd6ed_1" class="terms__main-term">cryptocurrencies</a>, however, Bitcoin's volumes have increased as well as BTC revenue.</p><p>In a letter sent to shareholders, Coinbase stated the following:</p><p>"Q2 was a test of durability for crypto companies and a complex quarter overall. Dramatic market movements shifted user behavior and trading volume, which impacted transaction revenue but also highlighted the strength of our risk management program.</p><p>"We are focusing on our top business priorities and more tightly managing expenses. As a result, we have included more information in our shareholder letter this quarter, which we have organized into chapters, summarized below, to help investors better understand our results."</p><p>Coinbase expects between 7 and 9 million monthly transaction users, which is down from the 5 to 15 million range only 3 months ago. The company has reduced its spending budget, less paid media and other incentives as the focus shifts to nonpaid traffic.</p><p>Expenses and infrastructure spending were also reduced to accommodate the current conditions of the <a href="https://www.financemagnates.com/terms/e/exchange/" target="_blank" id="b5da6e64-2afe-421d-9b81-16404b7d59d6_4" class="terms__secondary-term">exchange</a>.</p><p>Ark Invest Is Bullish on Coinbase</p><p>Despite the poor quarter Ark Invest are still bullish on the company. An Analyst at Ark Invest, Yassine Elmandjra explains that <a href="https://www.financemagnates.com/cryptocurrency/coinbase-to-connect-blackrocks-aladdin-institutional-clients-to-crypto/" target="_blank">Blackrock's partnership</a> with Coinbase is a significant milestone.</p><p>"This is I’d say by far [BlackRock's partnership] the strongest signal we’ve seen around institutions considering crypto as a new asset class, and that Wall Street is finally ready to make the leap here. I think a partnership of this caliber could usher trillions of dollars into the crypto asset class in the coming years.”</p><p>Based on Ark's simulations, institutional funds allocations of between 2.5% and 6.5% may lift BTC price by $200,000 to $500,000.</p><p>It is worth noting that at the end of July, Ark Invest sold around 1.4 million stocks of Coinbase that were worth $79 million at the time.</p> This article was written by Matti Williamson at www.financemagnates.com.
Source : Finance Magnates
9 days ago

ETH Is Best-Performing Asset in July; Crypto Volatility Fall Continues

<p>Ether (ETH) emerged as the best-performing digital asset in July, returning a 57% gain and leaving a significant margin against other cryptocurrencies.</p><p>ETH wrapped up the month with a market capitalization of $205 billion after its price climbed 57% to $1,680.</p><p>This is even as volatility across cryptocurrency markets worsened in July, which were further slipping away from the high levels reached in May. </p><p>These are the <a href="https://data.cryptocompare.com/reports/cryptocompare-asset-report-july-2022?mc_cid=7d9731f0c2&mc_eid=952cacfc40">findings</a> by CryptoCompare, a global cryptocurrency market data provider, which studied five major cryptocurrencies: Bitcoin (BTC), ETH, XRP, SOL and ADA. </p><p>Monthly/3-Month Returns</p><p>According to CryptoCompare, SOL trails far behind ETH in monthly gain as the digital asset returned 25.6%. </p><p>This is followed by Bitcoin (17.1%), XRP (14.2%) and ADA (12.2%). </p><p>“<a href="https://www.financemagnates.com/tag/sentiment-analysis/" target="_blank">Market sentiment</a> shifted in July, however, with both traditional and digital asset markets rebounding. Ethereum was the best performing high-profile asset by a considerable margin, returning 57% month-on-month as anticipation for the merge continues to build,” CryptoCompare explained.</p><p>However, when the digital assets are compared in terms of market activities between May and July 2022, ADA becomes the best-performing digital asset.</p><p>Within the last three months, ADA returned the least negative return of -31.7%.</p><p>In the order of least negative returns, other cryptocurrencies returned thus: BTC (-38.1%), ETH (-38.4%), XRP (-35.2%) and SOL (-49.9%).</p><p>When calculated on a year-to-date (YTD) or January-July 2022 basis, BTC returned the least negative return with -49.5% with ETH and XRP tying the knot with -54.3%.</p><p>ADA (-60.5%) and SOL (-75.1%) followed in YTD negative returns in that ascending order.</p><p>“Over the last three months, all covered digital assets lost approximately a third of their value as the cryptocurrency space continued to be marred by high-profile <a href="https://www.financemagnates.com/cryptocurrency/crashes-and-contagion-are-resetting-crypto/" target="_blank">contagion events</a>,” the market data provider explained. </p><p>Crypto Volatility</p><p>According to CryptoCompare, ETH and SOL were the most volatile digital assets in July. </p><p>ETH marked a volatility level of 108% “given its significant price movement upwards.” This was followed by SOL with a 107% volatility level.</p><p>On the contrary, XRP and BTC were the least volatile. They saw 61.8 and 62.1% volatility levels, respectively, in the past month.</p><p>In terms of volume, total USDT volumes across the five assets jumped by 22.7% to $319 billion, CryptoCompare said. However, the data provider pointed out that USDT volumes increased for just BTC and ETH. </p><p>This, it explained, suggests that participants "are tilting towards the two digital assets which are deemed safer within the crypto landscape.”</p><p>Meanwhile, as a result of the <a href="https://www.financemagnates.com/cryptocurrency/over-6-million-drained-from-solana-hot-wallets-was-luca-stealer-malware-involved/" target="_blank">recent Solana wallets</a> hack, the price of SOL dropped by 11.6% from $42.43 to $37.48, CryptoCompare said.</p> This article was written by Solomon Oladipupo at www.financemagnates.com.
Source : Finance Magnates
3 days ago

ASA Shows Red Card to Arsenal FC for Misleading Crypto Ads

<p>The UK's advertising watchdog, the Advertising Standards Authority (ASA), has banned two advertisements by the Premier League football club, Arsenal for its crypto-based fan token scheme.</p><p>The adverts for $AFC fan tokens were deemed by the ASA to be misleading fans over the risks of cryptocurrency investing. The first advert published on August 6th, 2021 described the token, and how it could be used within the Socios app.Six days later, a second advert was uploaded on Facebook featuring Arsenal footballers Ben White, Calum Chambers and Kieran Tierney promoting the token, along with text that briefly detailed $AFC, the Chilliz ($CHZ) cryptocurrency and the Socios app.</p><p>"Took Advantage of Consumers’ Inexperience"</p><p>Despite an appeal lodged after the complaint last year, the ASA upheld its decision that the two adverts were “misleading because they failed to illustrate the risk of the investment,” and “irresponsible because they took advantage of consumers’ inexperience or credulity and trivialized engaging with and investing in crypto assets.”</p><p>Arsenal, who have finished behind their North London rivals Tottenham Hotspur for the last six seasons, initially appealed the decision, saying the warnings were enough and their audience was knowledgeable on crypto. The club also tried to argue the point that there was no regulatory basis to include information regarding capital gains taxes incurred from trading the tokens, despite them being crypto assets and, as such, subject to such rules.</p><p>However, the complaint was upheld and Arsenal's appeal was rejected. The ASA stated the Arsenal ad was misleading “because it did not make clear that the tokens were <a href="https://www.financemagnates.com/cryptocurrency/" target="_blank">crypto</a> assets, which could only be obtained by opening a crypto assets exchange account, and in the case of paid-for fan tokens, required the purchase of another cryptocurrency.”</p><p>The UK advertising watchdog ruled that the adverts “must not appear again in the form complained about.”The ASA also warned Arsenal:- to make it clear that investments with paid-for fan tokens are subject to volatile markets and are unregulated crypto assets.</p><p>- not to mislead consumers by omitting material like the need to open a crypto assets exchange account and purchase various <a href="https://www.financemagnates.com/terms/c/cryptocurrencies/" target="_blank" id="b091101e-6e02-4b36-aa0e-7c972dfdd6ed_1" class="terms__main-term">cryptocurrencies</a> in order to buy the tokens.</p><p> - to make sure future ads are not trivialized by omitting risk warnings and taking advantage of consumers’ lack of experience with crypto.</p> This article was written by Finance Magnates Staff at www.financemagnates.com.
Source : Finance Magnates
4 days ago

Privacy, Crime and Tornado Cash

<p>A new battleground is opening in crypto around the necessity of privacy, and how to go about securing financial confidentiality when using a public blockchain.</p><p> A distinct feature of cryptocurrencies is that activity on the blockchain is transparent, but if crypto is to gain mainstream adoption as usable currency (or as some other kind of practical tool) then privacy is a concern. Most people, after all, don’t want their monetary transactions to be publicly viewable.</p><p> In the case of traditional financial services, this isn’t a cause for concern. The service provider is handed responsibility for security and confidentiality, and we leave it at that. On a decentralized network, though, there is by design no provider to entrust.</p><p>Conflating Privacy and Crime</p><p>A desire for privacy is normal and not something we would baulk at when it comes to traditional banking. However, in the debate around crypto, a sleight of hand has been pulled by those equating crypto privacy with suspicious or criminal activity.</p><p>The argument goes that crypto confidentiality is dangerous, since crypto is used for illegal activity including money laundering, and any attempts at enabling privacy in a decentralized manner must themselves be prohibited.</p><p> This fails to take into consideration that the most non-traceable, easily concealed medium of exchange is cash itself, which can be physically handed from peer to peer, and traded for goods and services.</p><p>It is an argument that ignores the straightforward facts showing that crypto is used for illicit activity significantly less than fiat currencies are. <a href="https://blog.coinbase.com/fact-check-crypto-is-increasingly-being-used-for-criminal-activity-and-is-a-haven-for-illicit-856a71dfb399">Analysis</a> going up to 2020 showed that less than 1% of crypto transactions are illicit, the majority of that illicit activity is crypto fraud, not money laundering, and the majority of criminal economic activity goes through traditional financial mechanisms, not <a href="https://www.financemagnates.com/tag/crypto/" target="_blank">crypto</a>.</p><p>Arguing that crypto is inherently tainted through association with crime is akin to arguing that, for example, kitchen knives are a bad thing since they are occasionally employed for violent acts while ignoring the presence of chefs.</p><p> One might ask, if crypto is untenable because it has been used for illicit ends, then why is cash given a free pass? But then, keep in mind that these debates come at a time when governments are seriously assessing the viability of CBDCs.</p><p> Or to put it another way, some of the people who don’t like crypto, don’t like cash either and would like to implement centralized digital currencies that can be surveilled and micro-managed by the state.</p><p>Tornado Cash and GitHub</p><p>In the United States, the Department of the Treasury’s Office of Foreign Assets Control has <a href="https://home.treasury.gov/news/press-releases/jy0916">sanctioned</a> Tornado Cash, a crypto mixer service that allowed users to obscure their crypto transactions. Following on from that, it was <a href="https://twitter.com/semenov_roman_/status/1556717890308653059?s=20&t=OyJbu7NOIZeuE12fLhHPFA">reported</a> that code <a href="https://www.financemagnates.com/terms/h/hosting/" target="_blank" id="13b8ac6b-2752-472c-a5d7-e7e86dd13283_1" class="terms__secondary-term">hosting</a> platform GitHub had suspended the account of a Tornado co-founder.</p><p>It is certainly true that Tornado Cash can and has been used for money laundering, including by North Korean state-sponsored hackers. However, to focus solely on criminal cases overlooks Tornado’s use by private citizens to uphold their individual rights to economic privacy, and the fact that the tech tool itself, open-source code, is a neutral object.</p><p> If a privacy tool is banned, then it seems the argument for doing so comes down to little more than prohibiting privacy for everyone because a small number of criminals can benefit from privacy.</p><p> Although the details are modern, involving blockchains and smart contracts, the base disagreement is an old one, coming down to matters of individual rights and state overreach, and in which the authorities are issuing a rehash of historically well-worn and debunked nothing to hide, nothing to fear modes of thought.</p><p>A Timely Debate</p><p> Silicon Valley and the tech world are rediscovering the importance of liberal values, and the dangers of government overreach. Early web pioneers in some ways exemplified what would now be called libertarian ideals, prioritizing the freedom to interact on one’s own terms and without oversight.</p><p> This ethos has faded though, as the handful of platforms that dominate the web exercise intrusively top-down control over user activity, particularly on social media. One side of the debate might state that this is all just content moderation, and an exaggerated complaint, as private entities are free to manage their own products and services as they please.</p><p> However, regardless of whether or not that argument is accurate, it doesn’t correspond with some people’s own perceptions of the current state of affairs. A growing number of users perceive politicized content control in which tech platforms act as outsourced town square gatekeepers.</p><p>Again, whether or not this reading is accurate is secondary, as the key point here is that if enough people perceive the current state of affairs as censorious, or simply sub-optimal, then there will be a hunger for something different.</p><p>And, it may now be crypto that can help to achieve a meaningfully different outcome. Perhaps this is what that nebulous term, web3, will come to mean, as <a href="https://www.financemagnates.com/terms/b/blockchain/" target="_blank" id="be18ed01-45fc-4044-b447-06802a10dbcd_3" class="terms__main-term">blockchain</a>-powered decentralization branches our online activity away from the existing web structure towards something less controlled.</p><p>Web tech, once optimistic and anarchic, has let itself be nudged bureaucratically into a surveillance mindset, and as a naturally evolving counter to that drift, crypto could not have come along at a more opportune moment.</p><p> Crypto is potentially many things: a store of value, a set of decentralized currencies, a borderless payment rail. Currently, though, we see another angle come to the fore. With surveillance and deliberately restrictive protocols having gained strength, it’s crypto that is now probing for alternative solutions by which to revitalize privacy and individual freedoms.</p> This article was written by Sam White at www.financemagnates.com.
Source : Finance Magnates
3 days ago

The SEC and CFTC Propose Amending Form PF, Cryptocurrency Exposure to Be Included

<p>The US Commodity Futures Trading Commission (CFTC) and the <a href="https://www.financemagnates.com/cryptocurrency/us-sec-charges-4-co-founders-7-others-in-cross-country-300m-crypto-scheme/" target="_blank">Securities and Exchange Commission</a> (SEC) voted in favour of amendments to Form Private Fund (Form PF), which is required by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010).</p><p>Form PF was created following the 2008 financial crisis. It is a confidential filing of assets under management to the Financial Stability Oversight Council. Private fund advisors (such as hedge funds) that have at least $150 million in fund assets must file the form.</p><p>Under the new amendments, hedge funds that have at least $500 million in assets must report their cryptocurrency exposure via Form PF. The report must also include borrowing and counterparty exposure, turnover, portfolio <a href="https://www.financemagnates.com/terms/l/liquidity/" target="_blank" id="47c3bef3-27ee-4953-8504-159e1b829b33_1" class="terms__main-term">liquidity</a>, financial liquidity, withdrawal and redemption rights and inflows/outflows.</p><p><a href="https://www.sec.gov/files/ia-6083-fact-sheet-0.pdf" target="_blank" rel="nofollow">SEC proposed amendments</a></p><p>As opposed to requiring to file the form on a quarterly basis or annually, material events (should they occur) must be reported within 1 business day.</p><p>The SEC Chair, Gary Gensler said the amendments will better protect investors. “In the decade since the SEC and <a href="https://www.financemagnates.com/terms/c/cftc/" target="_blank" id="b5ae3af7-f418-4c65-9082-0c34b44bd668_2" class="terms__secondary-term">CFTC</a> jointly adopted Form PF, regulators have gained vital insight with respect to private funds.</p><p>"Since then, though, the private fund industry has grown in gross asset value by nearly 150 percent and evolved in terms of its business practices, complexity and investment strategies.</p><p>“I am pleased to support the proposal because, if adopted, it would improve the quality of the information we receive from all Form PF filers, with a particular focus on large hedge fund advisers. That will help protect investors and maintain fair, orderly and efficient markets.”</p><p>Since 2008, the number of private funds has increased substantially. At the beginning of 2022, there were approximately 3,800 hedge funds in the United States.</p><p>Room for Concern?</p><p>Although the amendments may allow US regulators to swiftly identify private funds that are facing difficulties, as greater information is being reported, the number of investigations may increase.</p><p>When a regulator launches a probe, investors will not remain silent. Some are expecting private funds to retaliate against the proposed reporting.</p><p>Furthermore, the SEC proposed the number of treasury trading platforms under the Fair Access Rule should be increased.</p> This article was written by Matti Williamson at www.financemagnates.com.
Source : Finance Magnates
4 days ago

Nuri Files for Insolvency as Crypto Fundraising Reached $30.3 Billion in H1 2022

<p>The German cryptocurrency exchange, Nuri affirmed it has filed for insolvency on 9 August 2022. Earlier this year, Nuri was already experiencing difficulties, which led to reducing its workforce in May 2022:</p><p>"To set up Nuri in the most successful way for the new reality we’re facing, we had to take the responsibility and act quickly rather than wait. During the past weeks, we had to make some significant, but also often quite uncomfortable decisions.</p><p>"The saddest decision is the reduction of our workforce and, therefore, parting with some of our team members."</p><p>source: <a href="https://nuri.com/blog/letter-from-nuri-ceo/" target="_blank" rel="nofollow">Nuri</a></p><p>As opposed to other crypto exchanges that suspended withdrawals, Nuri's customers' funds are safe and can be withdrawn due to its partnership with Solarisbank AG.</p><p>Nuri assures that any EUR deposits, BTC and ETH in wallets, valuts and the Nuri Pot investments are unaffected by the temporary insolvency. Nuri's clients (over 500,000) can freely deposit and withdraw whenever they wish.</p><p>A report by <a href="https://coincub.com/ranking/the-coincub-q2-global-crypto-ranking-categories-2022/" target="_blank" rel="nofollow">Coincub </a>places Germany as a top-ranking country for <a href="https://www.financemagnates.com/terms/c/cryptocurrencies/" target="_blank" id="b091101e-6e02-4b36-aa0e-7c972dfdd6ed_2" class="terms__secondary-term">cryptocurrencies</a>. The decision that allows savings institutions to invest in Bitcoin earned it the top spot, followed by the United States.</p><p>The report highlights that although Cyprus is a top destination for investors, the lack of crypto regulations as well as the development of the <a href="https://www.financemagnates.com/terms/b/blockchain/" target="_blank" id="be18ed01-45fc-4044-b447-06802a10dbcd_1" class="terms__main-term">blockchain</a> community has affected its score.</p><p>Crypto Fundraising H1 2022</p><p>Despite the sell-off in the top cryptocurrencies this year, $30.3 billion were raised in H1 2022. The raised funds are higher than all of the capital that was raised in 2021 in the crypto sector.</p><p style="" class="text-align-center">source: <a href="https://messari.io/report/h1-2022-crypto-fundraising-report-dove-metrics-x-messari" target="_blank" rel="nofollow">messari</a></p><p>$10.2 billion were raised in the CeFi sector, <a href="https://www.financemagnates.com/cryptocurrency/education-centre/defi-vs-cefi-what-is-the-difference/" target="_blank">DeFi </a>investments were significantly lower at $1.8 billion.</p><p>More than a third of the total funds raised went into the <a href="https://www.financemagnates.com/cryptocurrency/education-centre/defi-vs-cefi-what-is-the-difference/" target="_blank">CeFi</a> sector, which saw $10.2 billion in funding. The infrastructure and NFT sector also saw high amounts of investment. However, DeFi investments appear to have trailed with only $1.8 billion in funding in the period.</p><p style="" class="text-align-center">source: <a href="https://messari.io/report/h1-2022-crypto-fundraising-report-dove-metrics-x-messari" target="_blank" rel="nofollow">messari</a></p><p style="" class="text-align-left">In the NFT verticals, most of the investments were made in the NFT gaming sector. The majority of NFT games earn a significant amount from selling land. Illuvium for example, which is among the top NFT games, raised over $72 million from land plot sales.</p><p style="" class="text-align-left">The US sanctions on Tornado Cash dampened the market sentiment at the time of writing. In an event of another significant sell-off, more crypto companies may file for insolvency.</p> This article was written by Matti Williamson at www.financemagnates.com.
Source : Finance Magnates
4 days ago

Best Cryptocurrency Networking Events in UK

<p class="MsoNormal">As the cryptocurrency industry continues to evolve, many cities are vying for the status of the next hub for digital assets. To date, London has emerged as one of the leading options, with an impressive resume of marquee cryptocurrency and networking events, blockchain investment and innovation.</p><p class="MsoNormal">London, being one of the most important financial centers globally, is nothing new. However, with the rise of crypto and other digital assets, proponents and investors have gravitated towards the UK capitol.</p><p class="MsoNormal text-align-start">As recently as April 2022, the UK’s Chancellor of the Exchequer, Rishi Sunak <a href="https://www.gov.uk/government/news/government-sets-out-plan-to-make-uk-a-global-cryptoasset-technology-hub" target="_blank">stated</a>: “It’s my ambition to make the UK a global hub for cryptoasset technology, and the measures we’ve outlined today will help to ensure firms can invest, innovate and scale up in this country.”</p><p class="MsoNormal text-align-start">London as a Cryptocurrency Networking Hub </p><p class="MsoNormal text-align-start">Indeed, each year sees a wide range of <a href="https://www.financemagnates.com/cryptocurrency/best-crypto-events-in-2022/" target="_blank">leading cryptocurrency networking events</a> take place in the city center. Since the industry’s inception, these crypto events have grown in frequency, scale and depth, coinciding with the evolution of digital assets.</p><p class="MsoNormal">With so much dynamic change and innovation over the past decade, staying ahead of the competition has never been easy. This is where these blockchain events have played a major role, helping bring together the entire crypto community to network, discuss and do business.</p><p class="MsoNormal">This is especially true in 2022, with the cryptocurrency space shaping up as one of the most innovative sectors in recent memory, with these events outlining the latest buzz. This includes such developments as the Metaverse, DeFi, NFTs, blockchain and much more.</p><p class="MsoNormal text-align-start">Why Attend Cryptocurrency Networking Events</p><p class="MsoNormal">Whether you are a cryptocurrency company, exchange, founder, CEO, thought leader, innovator or simply a crypto enthusiast, attending cryptocurrency events has never been better than in 2022. </p><p class="MsoNormal">With so much talent in London, many of the industry’s top cryptocurrency events each year serve a wide range of functions, allowing attendees to dramatically improve their marketing in one location.</p><p class="MsoNormal">Whether you are looking to establish new partnerships, network, strike new business deals, or just get your brand out there, attending leading crypto networking events in the UK offers unrivaled opportunities. </p><p class="MsoNormal">The ability to learn, meet and engage with leading executives, thought leaders and the individuals who make this industry work should not be missed. Attendees of these events never fail to garner real-time engagement with investors, crypto and blockchain pioneers, developers and all sorts of industry players. </p><p class="MsoNormal">Interested in hearing leading cryptocurrency luminaries and personnel speak? These marquee events represent ground zero for in-depth sessions, panel discussions, debates, workshops and more. </p><p class="MsoNormal">In an industry that changes this rapidly, missing these cryptocurrency networking events or worse, hearing about the latest developments second-hand is not a viable approach to business. </p><p class="MsoNormal text-align-start">Best Cryptocurrency Networking Events This Fall</p><p class="MsoNormal">Looking for the best crypto events this year? It is important to stay at the vanguard of innovation in crypto, which has always necessitated a hands-on approach. Though it's only July, the crypto industry has several notable events coming to London this fall. </p><p class="MsoNormal">This includes multiple top crypto events, where the brightest minds from across the industry will be meeting to discuss its future. </p><ul><li>London Summit FMLS – November 21-23, 2022</li><li>Blockchain Expo 2022 London – December 1-2, 2022</li></ul><p class="MsoNormal">Celebrating crypto's adoption in finance, both as traded assets and transformative technology, the upcoming conferences in London will be the perfect environment for cryptocurrency networking.</p><p class="MsoNormal text-align-start">FMLS 2022 – Save the Date</p><p class="MsoNormal text-align-start">With a decade of experience in hosting large industry-leading events, <a href="https://events.financemagnates.com/londonsummit2022/" target="_blank">London Summit 2022</a> (FMLS) will look to take the summit to the next level on November 21-23. After hosting the event for ten years now, this year’s FMLS will include something special, constituting an extra day of sessions, panels, workshops and seminars.</p><p class="text-align-start"><a href="https://events.financemagnates.com/londonsummit2022/" target="_blank">Join the conversation today by exploring London Summit 2022</a></p><p class="MsoNormal">These under the latest developments and revelations across the crypto industry, focusing on the biggest topics from around the space as well the future trajectory of the industry.</p><p class="MsoNormal">Each specially curated stage is poised to deliver cutting-edge and insightful content that is specifically selected to bring attendees the most valuable and important discussions and perspectives. FMLS 2022 is also expected to build on its already record attendance, eying an estimated 3,500+ attendees, 130+ speakers and 150+ exhibitors from around the world this year. </p><p class="MsoNormal">FMLS attendees can expect to network and learn from leading companies and key decision makers in the blockchain and digital assets space, each of whom is integral to the future of the industry.</p><p class="MsoNormal">FMLS has always included some of the biggest names in the crypto industry since its inception. Not surprisingly, after growing in scope and traction in each successive year, FMLS now boasts one of the strongest attendances of any crypto event in London. This includes upwards of a third of attendees that are C-Level executives and thought leaders. </p><p class="MsoNormal">Over the years FMLS has truly evolved into a unique atmosphere where anything can happen, and business is defined. Stay tuned for all updates surrounding the FMLS22 agenda, with its strong focus on cryptocurrency and blockchain technology. </p><p class="MsoNormal text-align-start">FMLS Awards to Recognize Crypto’s Finest</p><p class="MsoNormal">FMLS concludes each year with its annual awards show that recognizes the best performing brands and industry participants across the cryptocurrency industry. FMLS22 will include the largest awards show yet, with more awards categories than ever before.</p><p class="MsoNormal">Does your brand have what it takes to win an FMLS22 award? Multiple award categories will be set to acknowledge which crypto brands were the most impactful, innovative, important and well-run.</p><p class="MsoNormal">The extensive voting process begins months in advance, which will showcase a wide range of brands in a way that is truly unique in the industry. This is due to the fact that FMLS awards are bestowed only by your industry peers, which rank the best and the most promising companies.</p><p class="MsoNormal">In years past, voting was broken down into multiple stages and rounds. However, FMLS22's awards will feature only one round of voting, making the stakes higher than ever before. Don't forget to register later this month and cast your vote when voting formally begins soon!</p><p class="MsoNormal">Don’t miss the chance later this year to nominate your brand and be in the running to win one of the most sought-after industry titles. The online voting process is designed to provide the entire industry with a voice in deciding the winners each year, without the interference of judges or third parties.</p><p class="MsoNormal">Explore the list of <a href="https://events.financemagnates.com/londonsummit2021/awards/winners" target="_blank">distinguished winners</a> over the past few years, showcasing the leading brands that have racked up <a href="https://www.financemagnates.com/forex/brokers/winners-of-the-london-summit-2019-awards-just-announced/" target="_blank">prestigious honors</a> at past FMLS events.</p> This article was written by Finance Magnates Staff at www.financemagnates.com.
Source : Finance Magnates
6 days ago

Dubai Forms a New Group (D2A2) to Strengthen and Promote the Digital Sector

<p>The <a href="https://www.financemagnates.com/cryptocurrency/uae-plans-to-issue-national-crypto-licenses-to-virtual-assets-service-providers/" target="_blank">Dubai</a> Chamber of Digital Economy revealed the formation of the Dubai Digital Assets Business Group (D2A2). The role of the group is to strengthen and promote the digital asset sector within the UAE and across the Middle East.</p><p>D2A2 will explore how to improve the digital business infrastructure as well as growth of digital businesses in Dubai.</p><p>Omar Sultan Al Olama, the Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications and the Chairman of Dubai Chamber of Digital Economy, said that among the group's goals is to ensure challenges that are faced by digital companies are addressed.</p><p>Omar Sultan Al Olama added that the group's vision is to turn Dubai into the global capital of digital economy, a vision that is shared by Sheikh Mohammed Bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE and Ruler of Dubai.</p><p>D2A2 will provide strategic market research in the digital sector to policy makers, stakeholders, governments and the private sector. The digital economy is regarded as the economy of the future.</p><p>Gaurang Desai, the Chairman of D2A2, added: “We see an opportunity to turn Dubai and the UAE into a regional hub for digital assets. That is why it is very important to work towards creating a bridge for the digital asset industry to further integrate into the world economy by cooperating with counterpart organizations across the world.</p><p>"We wish to welcome all experts in the industry to come and join D2A2, to help us spread the principles of accountability, integrity and transparency, and promote the highest professional and ethical standards.”</p><p>Crypto Exchanges Rush to Dubai</p><p>Many cryptocurrency exchanges flocked to Dubai. OKX obtained a license under Virtual Asset​s Regulatory Authority (VARA) on 14 July 2022.</p><p>Huboi Global acquired a Minimal Viable Product (MVP) license under VARA. Komainu, a crypto custodian firm that is backed by Nomura received approval to operate in UAE on 27 July.</p><p>FTX FZE (a subsidiary of FTX) obtained a license from VARA (MVP) on 29 July. Additionally, FTX obtained the virtual asset exchange (VAX) under VARA.</p><p>CoinMENA, a crypto <a href="https://www.financemagnates.com/terms/e/exchange/" target="_blank" id="b5da6e64-2afe-421d-9b81-16404b7d59d6_2" class="terms__secondary-term">exchange</a> licensed by the central bank of Bahrain obtained a provisional license in Dubai.</p><p>Henri Arslanian recently left the financial services sector to launch a crypto fund in Dubai, 'Nine Blocks Capital Management.' The crypto fund is backed by Nine Masts Capital, a hedge fund based in Hong Kong that transferred $75M to the fund. 3 portfolio managers will be based in the Cayman Islands.</p><p>Arslanian has already relocated to Dubai.</p><p>Carlton Lai, the Head of <a href="https://www.financemagnates.com/terms/b/blockchain/" target="_blank" id="be18ed01-45fc-4044-b447-06802a10dbcd_1" class="terms__main-term">Blockchain</a> and Cryptocurrency Research at Daiwa Capital Markets explained why Dubai is attracting crypto companies in an interview to the <a href="https://www.ft.com/content/7ddc38c3-9a94-4d6f-86f0-783097a49910" target="_blank" rel="nofollow">Financial Times</a>:</p><p>“I think it [Dubai] is currently the most appealing destination for many major crypto firms. The city had moved very quickly to hand out licences.</p><p>“Compare this with the likes of Singapore and Hong Kong, things have not only moved very slowly, but there [have] been numerous regulatory flip-flops that simply [reduce] the confidence in its regulatory direction."</p><p>The Dubai Metaverse Strategy</p><p>The Crown Prince of Dubai, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum launched his plan to attract 5,000 metaverse and crypto companies to the city:</p><p>"Today we launched the Dubai Metaverse Strategy, the next revolution in the technological and economic field that will affect all aspects of life over the next two decades.</p><p>"We have 1,000 companies in Dubai currently working in this sector, which contributes $500 million to our national economy. We expect it to rise strongly during the coming period."</p><p>It has been estimated that 5,000 companies will add $4 billion to Dubai's economy and create 40,000 new jobs. Dubai will attempt to place itself among the top countries that welcome blockchain innovation in a regulated environment.</p> This article was written by Matti Williamson at www.financemagnates.com.
Source : Bitcoin Magazine
2 days ago

Long-Term Holders And Derivative Market Traders See Opportunity With The Current Bitcoin Price

Bitcoin trading above the 50-day simple moving average is a bullish indicator for the bitcoin price and many long-term holders are taking note.
Source : Bitcoin Magazine
2 days ago

Just How Big Is The Everything Bubble?

Certain indicators of equity valuations exhibit overvaluation now. In the future investors will look for alternative assets to park their wealth.
Source : Bitcoin Magazine
2 days ago

Bitcoin Will Lead Us To A More Virtuous World

Rare is the successful revolution whose new regime is kinder, gentler and more just than the one it replaces. We must strive to protect the spirit of Bitcoin.
Source : Bitcoin Magazine
2 days ago

Saving Private Keys From The Courts

Courts and regulatory entities shouldn’t be allowed to impose their uninformed thoughts on Bitcoin private keys in the form of law.
Source : Bitcoin Magazine
2 days ago

Bitcoin, Bitcoiners, Truth, Beauty And Love

For Bitcoiners to embrace a fight is to take time away from the natural truth and love that Bitcoin leads people to.
Source : Bitcoin Magazine
3 days ago

Bitcoin Miner Genesis Digital Secures 708 MW Capacity, Expects To Create 600 Jobs

The U.S. based bitcoin miner looks to create over new 600 jobs and scale beyond the secured 708 MW capacity.
Source : Bitcoin Magazine
3 days ago

Philippine Central Bank Halts Bitcoin, Crypto Service Provider Approvals For Three Years

The central bank stated virtual asset service providers pose a great risk but will allow existing businesses to continue operations or expand.
Source : Bitcoin Magazine
3 days ago

World’s Largest Asset Manager BlackRock Launches Spot Bitcoin Private Trust

After announcing it would enable bitcoin trading services, $10 trillion BlackRock now offers spot bitcoin exposure to institutions in a private trust.
Source : Bitcoin Magazine
3 days ago

The War On Financial Privacy Is Escalating

The stakes have never been higher. The state is losing its grasp of control over the people and it is doubling down on utter incompetence and nefariousness.
Source : Bitcoin Magazine
3 days ago

What The Sanctioning Of Tornado Cash Means For Bitcoin

What Ethereum’s Tornado Cash protocol being blacklisted by the government means for Bitcoin, and how to read the consumer price index print.
Source : Bitcoin Magazine
3 days ago

Tips For Surviving The Bitcoin Bear Market

Bear markets are difficult as people watch their account balances diminish with the bitcoin price dropping. There are many things you can do to ease the pain.
Source : Bitcoin Magazine
3 days ago

LFG = Landfill Gas: Bitcoin Mining Can Turn Gas From Garbage Into Money

Bitcoin can help address one of the most important environmental problems facing us today.
Source : Bitcoin Magazine
3 days ago

Despite Challenges, Nigerian Bitcoin Miners Are Poised To Profit

Nigeria is leading Africa in Bitcoin adoption, and miners there are overcoming regulatory and power grid challenges to find economic freedom.
Source : Bitcoin Magazine
4 days ago

All Eyes Are On The Consumer Price Index

The consumer price index will define market moves and the new Magma protocol on the Lighting Network will allow Bitcoin to grow even bigger.
Source : Bitcoin Magazine
4 days ago

Vinteum Launches Funding Bitcoin Developers In Brazil, Latin America

The non-profit will provide educational onboarding and funding for Bitcoin developers in Brazil and globally furthering Bitcoin’s decentralized global nature.
Source : Bitcoin Magazine
4 days ago

OpenNode, Launch Cart To Launch Bitcoin Payments For Ecommerce Companies

OpenNode will provide infrastructure for Launch Cart to leverage Bitcoin’s Lightning Network allowing any business on the platform to accept bitcoin as payment.
Source : Bitcoin Magazine
4 days ago

U.S. Inflation Slowed To 8.5% In July. Bitcoin Claims $24,000

U.S. CPI data came lighter than expected at 8.5% in July, but rampant inflation is still present in the energy sector; bitcoin jumps.
Source : Bitcoin Magazine
4 days ago

Tropic Square To Launch Prototype For Open-Source Chips Used In Bitcoin Hardware

The open-source development of Tropic’s secure chip allows the team to iterate based on community and expert feedback to change the landscape of security.
Source : Bitcoin Magazine
4 days ago

Motiv Inc. Launches 16 Circular Bitcoin Economies In Peru

The NGO announced 16 circular bitcoin economies are operational In Peru after establishing educational material empowering the financially excluded communities.
Source : Bitcoin Magazine
4 days ago

Finding The Path To A Parallel Bitcoin Economy

Texas Slim’s Beef Initiative provides a model for bitcoin adoption to connect Bitcoiners with necessary tradesmen in direct, peer-to-peer exchange.
Source : Bitcoin Magazine
4 days ago

Treasury Sanctions Open-Source Software

The U.S. Treasury sanctioned the Tornado Cash mixing tool, setting a precedent for blocking financial privacy and censoring open-source code.
Source : Bitcoin Magazine
4 days ago

Tales From Europe: Eurozone Crisis Shows The Argument For Bitcoin

The very thing suppressing bitcoin’s price in the short term is exactly what can make it so valuable in the long term.
Source : Bitcoin Magazine
4 days ago

The Stablecoin Monster: CBDCs Are A Red Herring

What Ethereum’s upcoming fork can teach us about governance, stablecoins, centralization bottle-necks and the ever-important U.S. dollar system.
Source : Bitcoin Magazine
5 days ago

Building Nigeria’s Bitcoin’s Village

Entrepreneurs in Nigeria are building on the country’s growing interest in BTC and establishing Bitcoin Village, a safe haven for Africa.
Source : Bitcoin Magazine
5 days ago

Methane-Capturer Vespene Energy Raises $4.3M To Help Cities Mine Bitcoin

Vespene builds infrastructure for municipalities to mine bitcoin, creating a new revenue stream and encouraging education in the Bitcoin ecosystem.
Source : Bitcoin Magazine
5 days ago

Bitcoin Mining Company CleanSpark Acquires 86 MW Mining Facility

The location has 36 MW currently available and can scale up to 86 MW and the company purchased an additional 3,400 Antminers adding 340 PH/s to its hash rate.
Source : Bitcoin Magazine
5 days ago

Bitcoin Helps Poor Countries Survive When Government Bonds Are Worthless

What is so important about the gross domestic product to debt ratio and how can bitcoin help the poorest countries avoid another debt crisis?
Source : Bitcoin Magazine
5 days ago

Bitcoin Is Money. Central Bank Digital Currencies Are Not.

CBDCs are a form of social control, while Bitcoin represents hope for a more equitable human future based on the universal constant of 21 million.
Source : Bitcoin Magazine
5 days ago

Lightning Network’s Advantages As Payment Technology

Bitcoin’s Lightning Network is a Layer 2 technology that offers many advantages over altcoins for making Bitcoin into a peer-to-peer payments technology.
Source : Bitcoin Magazine
5 days ago

The Dawn Of The Bitcoin Art Renaissance

As Bitcoin unlocks human potential in its various forms, artistic expression will experience a renaissance alongside other aspects of life.
Source : Bitcoin Magazine
6 days ago

Voltage Now Offers One-Click Inbound Liquidity For Lightning Nodes

Voltage will supply up to 500,000 sats of inbound liquidity from its main node to its customers with one seamless click.
Source : Bitcoin Magazine
7 days ago

Bitcoiners Are Building The Future They Want To See: Experiences From 30 Bitcoin Meetups

While traveling across the country visiting Bitcoin meetups, Captain Sidd found Bitcoiners have many things in common, but most importantly, they are all doers.
Source : Bitcoin Magazine
8 days ago

Border Wallets: A New Way to Create and Easily Memorize Bitcoin Seed Phrases

Using patterns to remember bitcoin seed phrases is a useful tool which can come in handy if someone is needing to move across borders without being detected.
Source : Bitcoin Magazine
8 days ago

Bitcoin Price Continues To Drop With Seven Daily Red Candles

As equities continue to bid, bitcoin’s price action has started to meaningfully turn over, but while the S&P 500 rallies bitcoin doesn’t follow.
Source : Bitcoin Magazine
8 days ago

Which Developed Country Will Be The First To Adopt Bitcoin?

China and Russia seem to be cooperating in their move to back their currencies with commodities. Will Japan be the first developed nation to adopt bitcoin?
Source : Bitcoin Magazine
8 days ago

The Great Wall: Why China’s Central Planners Can’t Handle Bitcoin

There is historical precedent for China’s resistance to bitcoin, a money that enables freedom and individual pursuit of capital.
Source : Bitcoin Magazine
8 days ago

Tapsigner Bitcoin Hardware Wallet: Security Meets Convenience?

Coinkite’s new credit card-like bitcoin hardware wallet aims to unite affordability with convenience to scale cold storage to a broader market worldwide.
Source : Bitcoin Magazine
9 days ago

The Bitcoin Conference 2022 Pitch Day Showcases The Next Generation Of Bitcoin Startups

Pitch Day at Bitcoin 2022 in Miami gave startups in the space an unprecedented chance to drive their projects forward.
Source : Bitcoin Magazine
9 days ago

Hut 8 Maintains HODL Strategy, Adds 330 BTC To Treasury In July

Hut 8 added 330 BTC to its balance sheet in July as it continues to hold 100% of the bitcoin it mines, while most public miners capitulate.
Source : Bitcoin Magazine
9 days ago

We Haven’t Even Begun To Scratch The Surface Of Potential Bitcoin Jobs

There are numerous new types of jobs since the internet first gained popularity. Bitcoin will experience a similar growth trajectory as more jobs are created.
Source : Bitcoin Magazine
9 days ago

A European Debt Crisis Is Bullish For Bitcoin

With the current macroeconomic crisis unfolding and many European countries at risk of debt defaults, bitcoin enters the ring as a neutral reserve asset.
Source : Bitcoin Magazine
9 days ago

The Globalists Are Bluffing And It’s Time To Call Them Out

Though the Biden administration demonstrates globalist tendencies, Nancy Pelosi’s trip to Taiwan brings up some nuances to the geopolitical chessboard.
Source : Bitcoin Magazine
9 days ago

What Happens To My Bitcoin When I Die?

It’s important for Bitcoiners to plan for the unexpected and protect the future of their assets.
Source : Bitcoin Magazine
10 days ago

Binance And Mastercard To Launch Bitcoin Rewards Card In Argentina

Users of Binance card can earn up to 8% cashback on purchases and bill payments through Mastercard’s vast network of over 90 million merchants worldwide.
Source : Bitcoin Magazine
10 days ago

Conservative Advocates Condemn U.S. CBDC Development, Encourage Bitcoin Adoption

The Club For Growth published a report exploring the shortcomings of a CBDC while detailing how the technology could fail in providing purported benefits.
Source : Bitcoin Magazine
10 days ago

Pepe

Pepe and Bitcoin both represent systems of value forged in stark opposition to the one surrounding them.
Source : Bitcoin Magazine
10 days ago

BlackRock To Offer Bitcoin Trading, Custody In Coinbase Partnership

The $10 trillion asset manager will leverage Coinbase Prime to offer bitcoin trading and custody services to institutional investors.
Source : Bitcoin Magazine
10 days ago

ZEBEDEE Launches Instant Cross-Platform Money Transfers Using Bitcoin’s Lightning Network

The new feature will enable any business or app to transfer funds with participating businesses and to instantly pay its users leveraging the Lightning Network.
Source : Bitcoin Magazine
10 days ago

New York’s Proof-Of-Work Ban Violates Bitcoin Miners’ Right To Free Speech

Supreme Court precedent shows that New York’s moratorium on proof-of-work mining violates Bitcoin miners’ First Amendment rights.
Source : Bitcoin Magazine
10 days ago

The Path Is Clear: Bitcoin And Freedom Or International Communism

The international putsch to end the Bitcoin Experiment won’t ever relent and neither can those who wish to live in a world of monetary choice.

@Copyright Coin Express Way 2019