Tyson Fury’s first venture into the NFT market resulted in a single NFT selling for almost $1 million on HoDooi.com — a new platform aiming to become the ‘eBay of NFTs’. The auction for ‘Lineal by Tyson Fury’ closed on July 16, and represents one of the top athlete-themed sales in the market to date. …
Yearly archives: 2021
OpenSea is the latest crypto unicorn after $100M funding round
OpenSea has become the latest crypto unicorn after it announced a $100 million Series B funding round led by venture capital firm Andreessen Horowitz at a valuation of $1.5 billion. The unicorn status is attributed to firms that are valued at over $1 billion, and OpenSea now joins a long list of crypto unicorns such …
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Chainlink onboards an average of 1.4 new partners each day in 2021
Leading oracle provider, Chainlink, has onboarded partner integrations at a rate of more than 1.4 daily during 2021 so far. According to the archives of Chainlink’s ecosystem portal, 281 different crypto projects have announced integrations during 2021 so far, with the calendar currently 201 days into the year. With all time third-party Chainlink integrations currently …
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Green energy crypto mining ETF launches on New York Stock Exchange
An exchange-traded fund focusing on more environmentally friendly crypto mining operations and infrastructure has been launched in the United States. The new Viridi Cleaner Energy Crypto-Mining and Semiconductor ETF started trading on Tuesday, July 20, on the New York Stock Exchange under the symbol ‘RIGZ’. The product is part of growing efforts to attract mainstream …
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Dogecoin (DOGE) trading volumes hit billions of dollars in 2021
Data compiled by Coinbase shows that Dogecoin (DOGE) trading volumes surged 1,250% in the second quarter of 2021, as reported by Business Insider. During this period, the American cryptocurrency exchange platform recorded an average of $995 million in Dogecoin trading daily. Almost $1 billion worth of Dogecoin changing hands daily The crypto’s average daily volume …
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SEC lays the smackdown on alleged $12 million crypto scam ‘Profit Connect’
The U.S Securities and Exchange Commission (SEC) takes action against alleged crypto fraud perpetrated by Profit Connect Wealth Services Inc. Through an emergency action filing, the U.S securities regulator obtained a temporary restraining order and froze the company’s assets in a bid to stop Profit Connect from operating. The SEC’s reputation has taken a hit …
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MTI Investors Urged to Ignore Fake Bitcoin Recovery Offers
Beleaguered Mirror Trading International (MTI) investors have been told to ignore unsolicited offers from individuals claiming to have the ability to trace and recover their missing bitcoins. This warning from the court-appointed liquidators was made after reports emerged that several MTI investors had received such bogus offers from individuals claiming to be agents for cryptocurrency …
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Treasury Secretary Yellen Asks US Regulators Overseeing Crypto Assets to ‘Act Quickly’ to Regulate Stablecoins
U.S. Treasury Secretary Janet Yellen has asked the regulators overseeing crypto assets to “act quickly to ensure there is an appropriate U.S. regulatory framework in place” for stablecoins. U.S. Department of the Treasury’s Office of Public Affairs announced Monday the outcome of the meeting of the President’s Working Group on Financial Markets (PWG) which Treasury …
JPMorgan Says a Lot of Clients See Cryptocurrency as Asset Class and Want to Invest
JPMorgan says a lot of its asset and wealth management clients think cryptocurrency is an asset class and they want to invest in it. “Our job is to help them to put their money where they want to invest,” said the CEO of J.P. Morgan Asset & Wealth Management. A Lot of JPMorgan Clients Consider …
Mastercard Enhancing Program for Cryptocurrency Wallets and Exchanges
Payments giant Mastercard has announced that its crypto card program is being enhanced for cryptocurrency wallets and exchanges. The company said, “Making the process simpler will allow more banks and crypto partners the opportunity to offer their consumers the choice of paying with cryptocurrency.” Mastercard Making It Simpler to Convert Cryptocurrency to Traditional Fiat Currency …
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MakerDAO to dissolve Foundation and become truly decentralized again
Pioneering decentralized finance protocol, MakerDAO, has announced its foundation will formally dissolve in the coming months, marking one of the final milestones in the protocol’s roadmap to decentralized governance. A July 20 blog post describes Maker’s decentralized autonomous organization, or DAO, as now being “fully self-sufficient” — with its globally distributed community “now responsible for …
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ETH developer Virgil Griffith back in jail after allegedly checking Coinbase account
Ethereum developer Virgil Griffith has violated the terms of his bail and has been taken into custody after he allegedly accessed his cryptocurrency account. The remand order came from U.S. District Judge P. Kevin Castel after Griffith reportedly sought to access Ethereum assets held by Coinbase in May. The Ethereum Foundation researcher will likely spend …
Auditors reveal USDC backing as Jim Cramer sounds alarm over Tether’s mad money
Auditors working for Circle have disclosed the reserves backing the firm’s USDC stablecoin, while Mad Money’s Jim Cramer has questioned Tether’s lack of transparency with its USDT reserves. Multi-national tax advisory firm Grant Horton conducted the audit, and a reserve attestation report was published on July 20 which showed that 61% of USDC’s reserves were …
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One Crypto Sector Set To Disrupt Entire Financial System and Global Business Models, Says Macro Guru Raoul Pal
Macro analyst and Real Vision CEO Raoul Pal believes one particular sector of crypto will restructure finance and global business operations. In a new interview on Real Vision, Pal makes the case for non-fungible tokens (NFTs), claiming that the breakthrough of tokenizing real-world assets will completely reshape the way we conduct business. ADVERTISEMENT “Basically, …
US Government Offers Crypto Bounty To Combat State-Sponsored Cybercrimes
The US government says those who offer information that helps fight malicious online activity can now get paid in cryptocurrency. A statement by the US Department of State says that their Rewards for Justice (RFJ) program is offering up to $10 million for assistance in identifying or locating state-sponsored cybercriminals targeting critical US infrastructure. ADVERTISEMENT …
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