A leading local blockchain specialist and CEO of China’s Blockchain-based Service Network (BSN), slammed Bitcoin as a Ponzi scheme while the Chinese government continues to celebrate the collapse of the cryptocurrency markets this year. Zhiguang Shan, chair of the BSN Development Alliance, and Yifan He, chief executive officer of BSN developer Red Date Technology, penned their …
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The concept for the NFT.NYC, as per the words of NFT.NYC co-founder Jodee Rich came to him around four years ago when he was having dinner with co-founder and CEO Devin Finzer at OpenSea (an NFT marketplace). Within a short time, NFT.NYC has become the biggest NFT event in the world for the NFT artists. One of …
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The correlation between Bitcoin (BTC) and Nasdaq 100 reduced this month after reaching a record of .8 last month, according to a new Kaiko report. While Nasdaq closed the week on a positive note of over 7%, Bitcoin continues to trade in the $21,000 range. But Bitcoin remains mostly uncorrelated to the asset it has …
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No Man’s Sky player community reacted to the game’s shortcomings by inventing and implementing their own in-game cryptocurrency. The Hub Coin runs on the Ethereum testnet Goerli, has no real-life value, and can’t be exchanged for real money. However, the community doesn’t mind. In fact, they want it to remain worthless. A member of the …
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After being offline for almost three months, Axie Infinity announced that Ronin Bridge is going live again with more security. The Ronin Bridge is open! • All user funds are fully backed 1:1 by the new bridge.• The bridge has undergone an internal audit and two external audits.• We are still on track to release …
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USD Coin (USDC) issuer Circle has partnered with New York Community Bancorp in a deal that will see the bank’s subsidiary, New York Community Bank, become a custodian for the stablecoin’s reserves, Circle announced June 28. This collaboration marks a significant milestone for NYCB, which has become the first community bank to hold USDC reserves. …
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There have never been more traditional hedge funds investing in crypto, but around two-thirds are still hesitant to enter the market, according to PwC’s 2022 Global Crypto Hedge Fund Report. Those on the fence said they were waiting for the market to mature and more regulations to be set in place. The report offers insight …
Mark Lamb, CEO of CoinFLEX, tweeted June 28 that Roger “Bitcoin Jesus” Ver owes the exchange $28 million USDC and has been issued a notice of default. Roger Ver owes CoinFLEX $47 Million USDC. We have a written contract with him obligating him to personally guarantee any negative equity on his CoinFLEX account and top …
The results of a new report commissioned by the CNMV, the securities watchdog in Spain, have found that three out of four citizens have heard about cryptocurrencies. However, the report, which included opinions from 1,500 participants, also found that this knowledge is still minimal, and that less than 10% have actually purchased cryptocurrency as a …
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The Advertising Standards Council of India (ASCI) has reportedly revealed that more than 400 crypto ads violated its guidelines so far this year. The majority of complaints the ad council received are directed at influencers. “Some influencers talk so confidently about crypto without fully understanding it.” 419 Ads in Violation — Most Complaints Concern Influencers …
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he’s waiting for the price of bitcoin to test $1,100. He added that he will buy more if the cryptocurrency recovers from that price level. Robert Kiyosaki on Bitcoin Testing $1,100 The author of Rich Dad Poor Dad, Robert Kiyosaki, has …
Tl;dr: We’re announcing two big updates to our Commerce platform: instant, free payments from Coinbase users to Commerce merchants, and seven new cryptocurrencies that can be used for payments through Commerce. One of Coinbase’s goals is to become a platform that brings together consumers and businesses in the cryptoeconomy. By making cryptocurrency transactions easier and …
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Solana has fallen on its chart over the last 24 hours by 2%. Over the last 24 hours, there has been strong bearish influence on SOL’s price. Currently the coin has found support on the $34 level. The market also has been taken over by the bears, Bitcoin has been hovering around the $20,000 mark …
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Ethereum has been closing red week after red week for the past 11 weeks. It is the longest red streak that has been recorded in the history of the cryptocurrency, hence, it carried significant implications for the digital asset. Through the decline, it has been one of the worst-hit coins, performing poorly compared to the …
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Ethereum has seen some selling pressure today and has rolled back on a portion of its gains. The cryptocurrency was bouncing back from below the $1,000 levels but has found hurdles on lower timeframes. Related Reading | Outflows Rock Bitcoin As Institutional Investors Pull The Plug, More Downside Coming? At the time of writing, ETH’s price …
Continue reading “CME Net Short Exposure Reaches ATH: Why Institutions Are Bearish on Ethereum”
