A Chinese prosecutor is reported to have given a thumbs up to the arrest of a listed big data company director accused of embezzling $8 million and using the funds to buy bitcoin mining rigs. Although Li Qunnan has denied the allegations, executives insist their evidence implicates him. Director’s Unsanctioned Use of Funds Discovered in …
Monthly archives: June 2022
Shark Tank Investor Kevin O’Leary Says Wild Price Swings of Bitcoin (BTC) Could Disappear if This Happens
Celebrity investor Kevin O’Leary thinks regulation is the key to stabilizing the volatile Bitcoin (BTC) and broader crypto markets. While speaking at a DC Blockchain Summit event, the Shark Tank star argued sovereign wealth funds and pension plans are waiting for more clarity from regulators before allocating a fraction of their massive capital to Bitcoin. …
Ethereum Challenger Explodes Over 132% in Just One Week Amid Campaign To Support Its Algorithmic Stablecoin
One Ethereum (ETH) challenger is defying the greater crypto market downtrend and surging in price amid a campaign to shore up its algorithmic stablecoin. Decentralized applications platform Waves (WAVES) shot up 132% from a weekly low of $4.61 on May 30th to its current weekly high of $10.72. The 73rd-ranked crypto asset by market cap …
BNB price risks 40% drop as SEC launches probe against Binance
Binance Coin (BNB) price dropped by nearly 7.3% on June 7 to below $275, its lowest level in three weeks. What’s more, BNB price could drop by another 25%–40% in 2022 as its parent firm, Binance, faces allegations of breaking securities rules and laundering billions of dollars in illicit funds for criminals. Bad news twice in …
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Struggle for Web3’s soul: The future of blockchain-based identity
There is no shortage of visionary scenarios about how Web3 might unfold, but one of the latest, “Decentralized Society: Finding Web3’s Soul” — a paper published in mid-May by E. Glen Weyl, Puja Ohlhaver and Vitalik Buterin — is close to becoming one of the top 50 most downloaded papers on the SSRN scholarly research …
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FTX will not freeze hiring amid layoffs at other crypto firms, CEO states
Amid unfavorable market conditions, some cryptocurrency-related firms decided to cut their workforce or freeze hiring. However, crypto exchange platform FTX will continue hiring new personnel as the crypto winter continues. In a Twitter thread, FTX CEO Sam Bankman-Fried explained that the exchange will continue to “keep growing,” explaining that they will onboard new staff just …
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How to buy NFTs on Solana?
The burgeoning popularity of nonfungible tokens (NFTs) has led to issues like exorbitant transaction fees and congestion in the prevalent Ethereum-based ecosystem. The fee factor serves as a major deterrent to anyone wanting to execute transactions on the blockchain. A report published by Reuters revealed that the NFT sales volume was $24.9 billion in 2021, …
Coinbase and Gemini Are Making Cutbacks Due to "Crypto Winter"
Two leading crypto exchanges are reducing their staff due to poor market conditions. Should investors be concerned? Coinbase, Gemini, and other assorted crypto exchanges have announced that they are downsizing due to the current state of the cryptocurrency market. Those staffing decisions have been attributed to declining crypto prices. The value of Bitcoin has fallen …
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Bitcoin Price Prediction for Today, June 7: BTC Begins Fresh Decline Below $30,000
The Bitcoin price prediction reveals that BTC is showing signs of market correction as its price moves below $30,000. Bitcoin Prediction Statistics Data: Bitcoin price now – $29,489 Bitcoin market cap – $562.3 billion Bitcoin circulating supply – 19.0 million Bitcoin total supply – 19.0 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Bearish …
Ripple Powers Crypto Payments For Luxury Retail Store Through Lunu Partnership
Summary: The blockchain firm behind XRP expands its presence in Europe with the latest announcement. Lunu will leverage Ripple’s Liquidity hub to deliver quicker crypto exchange and transactions. The collaboration hopes to bolster payment options across luxury retail stores in the UK, Germany, and Europe. It also marks another milestone for Ripple’s growth as a …
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What is a Blockchain Oracle, and How Does it Work?
‘Curiosity is the wick in the candle of learning’- inflicts a famous saying. Surprisingly, if it wasn’t for curiosity, we wouldn’t have discovered fire, unwrapped the potential of technology, and come up with the idea of something as unique as a cryptocurrency. All these remarkable inventions showed how powerful the human brain could be when …
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SEC might label NFTs as Securities: Opensea Insider Trading Impact
SEC might label NFTs as securities, a Former SEC lawyer has said. After the first-ever NFT insider trading case saw the former employee of Opensea being charged on two counts, regulatory walls have started to close in on NFTs. To those unversed, the US attorney’s office of the Southern District of New York indicted the …
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Solana, Dogecoin and This Type of Crypto Asset Are Top Altcoins To Accumulate in Bear Market Bottom, According to Popular Analyst
A closely followed crypto strategist is unveiling his top altcoin picks in preparation for a bear market bottom. In a new strategy session, pseudonymous trader DonAlt warns altcoins can still go down between 50% to 70% from current prices. The trader also says he’s already eyeing a number of crypto assets for when Bitcoin (BTC) …
Kazakhstan’s central bank ‘isn’t going to ignore’ the crypto market
While Kazakhstan’s government is catching up with the tremendous volume of crypto mining in the country by introducing new taxes and regulations, the local central bank intends to explore the possibilities that crypto offers. On Tuesday, June 7 during the press conference the chairman of Kazakhstan’s National Bank Galymzhan Pirmatov stated that the nation aims …
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Checkout.com launches 24/7 stablecoin settlement in partnership with Fireblocks
Global payment processor Checkout.com has launched a new stablecoin settlement system that will allow merchants to process crypto payments from their customers in real time — potentially widening the use cases of stablecoins within e-commerce. The stablecoin settlement system centers around Circle’s USD Coin (USDC), the second-largest stablecoin by market capitalization, and allows merchants to …
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