Cardano is close to attaining the title of a fully-fledged smart contracts platform following a critical upgrade in mid-July. The project’s founder Charles Hoskinson confirmed that they recently processed the sales of more than $10 million worth of non-fungible tokens atop their public ledger. Moreover, an NFT and DeFi Marketplace called the Spores Network, which raised $2.3 …
Monthly archives: July 2021
Who takes gold in the crypto and blockchain Olympics?
Every four years (usually), the world comes together in a celebration of sport and competition at the Olympic Games. In the spirit of Tokyo 2020, let’s look at countries that are deserving of gold medals across different spheres of the cryptocurrency and blockchain space. The variety of sports featured at the Olympics have changed over …
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Bitcoin (BTC) Price Prediction: BTC/USD Slumps to $38,343 Low as Bitcoin Resumes Uptrend
Bitcoin (BTC) In a Brief Fall as Bitcoin Resumes Uptrend – July 30, 2021 On July 28,BTC/USD – Daily Chart Buy Bitcoin Now Today, Bitcoin’s (BTC) price has retraced to the support above $38,000 as buyers failed to sustain the current bullish momentum above the $40,000 psychological price level. Bitcoin will resume the second round …
6 ways ScaleSCORE brings fairness to the crypto IDO ecosystem
Crypto’s core ethos is that of bringing fairer financial services to all users, regardless of their age, race, gender, or industry connections. It’s easier said than done, however, with some activities in crypto circles these days mirroring those of the ‘traditional’ finance world. Take Initial Coin Offering (ICOs), or their newer cousin, Initial DEX Offerings …
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Crypto scams, DeFi hacks, and rug pulls: Why the crypto industry needs insurance tech
Your bags are gone. How do you alleviate that concern? With insurance. Unfortunately, DeFi users don’t have much choice when protecting their assets, and only an estimated $2 billion of DeFi’s $100 billion TVL is insured. Needless to say, crypto and DeFi are still in the exploratory phase in finding an optimal insurance solution. Exploits …
Beginner’s guide to margin trading cryptocurrencies
In 1940, the chances of children outperforming their parents in terms of income was 41%. In 1980, this decreased to 8%, according to Opportunity Insights. Given the current inflation trajectory followed by wide-scale suspension of economic activity throughout 2020, it seems likely that social mobility compared to previous generations will continue to decline. One way …
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Malaysian regulators order Binance to disable operations within 14 days
End of an era? Binance’s CZ to possibly step down amidst regulatory tensions As one of the top cryptocurrency exchanges continues adapting to the regulatory landscape by tailoring its services and enforcing tougher know-your-customer policies (KYC), Binance’s founder and CEO Changpeng Zhao told Reuters he is prepared to step down and pass control to a …
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Paypal Unveils Plans to Expand Cryptocurrency Services With ‘Super App’ and Open Banking Integration
Payments giant Paypal has outlined its plans to expand cryptocurrency services, including via a new wallet “super app,” open banking integration, U.K. expansion, and third-party wallet transfers. “We continue to be really pleased with the momentum we’re seeing on crypto and we’re obviously adding incremental functionality into that,” said Paypal’s CEO. Paypal Reveals Crypto Plans, …
Biden to Step Up Crypto Tax Enforcement to Help Fund $1 Trillion US Infrastructure Plan
U.S. President Joe Biden and lawmakers have agreed on the details of a roughly $1 trillion bipartisan infrastructure package with measures to step up tax enforcement around crypto assets. Taxing Crypto Transactions to Fund US Infrastructure Plan The White House announced Wednesday that President Joe Biden and a bipartisan group of lawmakers have agreed on …
Bitcoin.com Celebrates Ethereum’s Birthday With $6000 Giveaway
July 30th marks the day, six years ago, Ethereum was launched. The Bitcoin.com Wallet, having just integrated Ethereum, is excited to celebrate the achievements of the world’s premier smart contract platform – and to do so, we’re giving away $6000 in Ether (ETH), the native currency and the ‘fuel’ of the Ethereum network. What Is …
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Bank of Russia Exposes Nearly 150 Financial Pyramid Scams, Fraudsters Exploit Crypto Craze
The Central Bank of Russia (CBR) has identified 146 financial pyramid schemes in only six months this year. Fraudsters often lure people with weak financial literacy into investment scams linked to cryptocurrencies or crypto mining operations. Pyramid Schemes Thrive Amid Rising Investment Demand, Bank of Russia Says The number of financial pyramid scams uncovered by …
Bitcoin Whales Acquire Staggering $5,200,000,000 in Bitcoin in Just 28 Days: Santiment
Crytpo analytics firm Santiment says Bitcoin (BTC) whales are rapidly accumulating more of the flagship cryptocurrency. Santiment says large Bitcoin holders, or those who hold 100 to 10,000 coins, have added 130,000 BTC to their wallets in the past four weeks. ADVERTISEMENT “Bitcoin’s whales have been staying busy, and addresses holding between 100 and …
$25B investment firm adds ‘riskier’ Grayscale GBTC and ETHE for clients
Bitcoin (BTC) and Ether (ETH) exposure has come to one of the world’s biggest automated investment firms. In a blog post on July 29, Wealthfront, which has $25 billion in assets, confirmed that it had added two Grayscale funds to its suite of investment options. GBTC buzz returns The recent rise in cryptocurrency prices has …
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Ukraine central bank now officially allowed to issue digital currency
The Ukrainian government is moving forward with its central bank digital currency (CBDC) plans, as the National Bank of Ukraine (NBU) is now officially authorized to issue a digital currency. Ukrainian President Volodymyr Zelenskyy has signed a law titled On Payment Services, officially enabling the country’s central bank to issue a CBDC, the digital hryvnia, according …
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A trade war misstep? China is vacating crypto battlefield to US banks
At the same time that China has declared war on cryptocurrencies, giant American banks appear to be embracing crypto — evident the final week of July with the news that crypto firm Lukka will provide State Street Bank’s private fund’s clients with digital and crypto asset fund administration services. This follows forays into the crypto …
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