Regulation by enforcement, a fast and economical substitute for thorough rulemaking, is widely regarded as some of the U.S. executive agencies’ preeminent approach to crypto regulation. It could be summed up as letting crypto firms explore the boundaries of what is permissible by themselves and then punishing industry participants in case their exploratory actions come …
Monthly archives: April 2022
Bitcoin bears tighten their grip on BTC now that $40K is the new resistance level
Bitcoin (BTC) remains below $40,000 for the third consecutive day and the most likely source of the volatility is the worsening condition of traditional markets. For instance, the S&P 500 is down 5% since April 20 WTI crude price dropped 9.5% in seven days, erasing all of the gains accrued since March 1. Meanwhile, China …
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Meta will open physical metaverse-themed store in San Francisco Bay Area
Social media giant Facebook’s parent company, Meta, will be opening a retail store in the San Francisco Peninsula offering hardware for the virtual reality space. In a Monday announcement, Meta said it would be opening a retail store in Burlingame, California on May 9 aimed at providing interactive demos for the company’s hardware products, including …
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Sam Bankman-Fried and FTX Break Ground at their New HQ in the Bahamas
Summary: Sam Bankman-Fried and the team at FTX had a groundbreaking ceremony for their new headquarters in the Bahamas The event was also attended by the Prime Minister of Bahamas, Philip Brave Davis SBF and the FTX exchange will be moving their headquarters from Hong Kong to the Bahamas The Bahamas is committed to becoming …
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Tyler Winklevoss Thanks Elon Musk for his Successful Bid on Twitter
Summary: Tyler Winklevoss has thanked Elon Musk for his successful bid on Twitter According to Reuters, Twitter is set to accept Musk’s $43 billion offer Cameron Winklevoss hails the purchase of Twitter as a new beginning for free speech as it will end censorship on the platform The co-founder of the Gemini Crypto exchange and …
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OpenSea Acquires NFT Service Gem To Expand Pro User Experience
NFT data aggregator Gem has agreed to an acquisition deal with marketplace leader OpenSea Financial terms from the agreement were not disclosed as of press time Both companies said Gem will operate as a separate product despite the announcement Gem received a mixed reception from users and followers Leading non fungible marketplace OpenSea has acquired …
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10 Top Reddit Cryptos to Invest Now 2022
Reddit is one of the most popular platforms for cryptocurrency investors. The microblogging platform offers investors a space to gather and discuss strategies, share investment tips, and much more. With Reddit’s investment advice making many traders wealthy, many investors are looking for the top Reddit cryptos for maximum yields. 1. Lucky Block (LBLOCK) Leading our …
Here’s What’s Ahead for Bitcoin (BTC) After ‘Nasty’ Breakdown, According to Veteran Trader Tone Vays
Veteran crypto trader Tone Vays is updating his forecast for Bitcoin as BTC weathers what he says is some “nasty” price action. In a new strategy session, Vays says that Bitcoin, which is currently 42% down from its all-time highs, is on the edge of going lower once more as support levels are breached. “It …
Game of Silks Partners With Arbitrum Ahead of Kentucky Derby To Enhance Liquidity and Throughput for Its Horse Racing Metaverse Platform
April 25, 2022 – Boca Raton, Florida Game of Silks (Silks), the first derivative play-to-earn metaverse that mirrors the real world of thoroughbred horse racing, today announced that it has partnered with Arbitrum to enhance its on-platform user experience. Core to these enhanced capabilities are Arbitrum’s improved throughput and lower gas fees. Arbitrum leverages rollup …
Bored Ape Yacht Club NFTs stolen in Instagram phishing attack
As told by Bored Ape Yacht Club (BAYC) developers on Monday, hackers breached the popular nonfungible token (NFT) collection’s official Instagram page and shared links to a fake airdrop with the project’s followers. Crypto enthusiasts who connected their MetaMask wallets to the scam website were subsequently drained of their Ape NFTs. It appears that the …
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OpenSea top-10 NFT projects soar as new liquidity enters the market
Spring is here and with it came a newfound awakening for nonfungible tokens (NFTs). In the last week of March, total sales volume rallied to $20 billion, but this metric took a dive from midApril to $17.6 billion. However, on April 16, the newly landed Moonbirds NFT, pumped over $280 million worth of liquidity into …
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ECB needs ‘globally coordinated regulatory action’ on crypto, says official
European Central Bank executive board member Fabio Panetta said lawmakers across the world must decide how to regulate cryptocurrencies based on potential risks. In a written statement for a speech to Columbia University on Monday, Panetta said global policymakers had made some progress in addressing regulatory frameworks on digital assets, but “not swiftly enough to …
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Bitcoin spoofs $39.5K breakout at Wall St open as Elon Musk Twitter takeover nears
Dogecoin reaps the benefits of rumors that plans for Musk to buy Twitter outright are in their final stages. Bitcoin (BTC) saw a classic “fake out” move on April 25 as volatility kept traders firmly on edge. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders stay gloomy on BTC outlook Data from Cointelegraph Markets Pro …
ADA and SOL to Feature in Institutional ETF, STEPN, APE, Apr. 25
Grayscale adds a new fund for Ethereum competitors. STEPN move-to-earn project makes strong progress. APE coin near ATH but whales poised. ADA Grayscale Investments, the firm known for its popular Grayscale Bitcoin Trust fund, has unveiled a new fund that will specialize in competitors to Ethereum, including names like Cardano, Solana and Avalanche. ADA Price …
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Bitcoin Price Prediction for Today, April 25: BTC Plummets Under $39,000
The Bitcoin price prediction shows that BTC is currently facing the down, but consolidation is likely to play out between $38,000 and $39,000. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $44,000, $46,000, $48,000 Support Levels: $35,000, $33,000, $31,000 BTCUSD -Daily Chart Buy Bitcoin Now BTC/USD retreats below the resistance level of $39,500. …
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