Despite the recent crypto market dump, the non-fungible token (NFT) space continues attracting public figures and celebrities. Bella Hadid, an American supermodel, is the latest notable individual to join the virtual world with her new line of digital collectibles. In a recent exclusive interview, the American supermodel confirmed the successful launch of her new digital collectibles …
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A popular crypto analyst says Chainlink (LINK) could see short-term losses while setting up for even bigger returns down the road. Crypto trader Kevin Svenson tells his 109,500 Twitter followers that if Ethereum (ETH) drops to the $500-$700 range, LINK will correspondingly plummet to $2.00-$3.00 territory. “In the next few years, that’s a 100x return …
A report published by investing firm Alto surveyed adults based in the United States to find out their preferences in investing. The results showed that more millennials from ages 25 to 40 are investing in crypto compared to those of the same age who are investing in mutual funds. The survey shows that 40% of …
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Bitcoin (BTC) bear markets come in many shapes and sizes, but this one has given many reason to panic. BTC has been described as facing “a bear of historic proportions” in 2022, but just one year ago, a similar feeling of doom swept crypto markets as Bitcoin saw a 50% drawdown in weeks. Beyond price, …
Continue reading “3 charts showing this Bitcoin price drop is unlike summer 2021”
Due to Celsius Network’s withdrawal suspension in mid-June, the very topic of crypto lending made its entryway to the acute issues list for the regulators. Last week, lawmakers and officials continued to raise the question of necessary action, with significant utterance belonging to one of the key European crypto skeptics, Christine Lagard. European Central Bank …
Continue reading “Not the best week for crypto lending: Law Decoded, June 20-27”
The National Agency of Prospective Projects (NAPP) in Uzbekistan announced its demands toward crypto mining operators. It would only allow the companies that use solar energy to mine Bitcoin (BTC) or other cryptocurrencies. The normative act on the government page, dated June 24, describes the confirmation of “Guidelines on the registration of the crypto assets …
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CoinFLeX will issue recovery tokens to help fund customers’ withdrawals. The exchange had run into trouble after one individual’s accounts went into negative equity, resulting in the halting of withdrawals. It will issue $47 million worth of the Recovery Value USD (rvUSD) tokens. Futures crypto exchange CoinFLEX will issue recovery tokens called Recovery Value USD …
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MThe Ethereum network is scheduled to undergo the Gray Glacier upgrade at a block height of 15,050,000 — expected to occur on June 30 at approximately 11:00 BST. During this time, exchanges will temporarily stop Ethereum and some ERC-20 services for a short period, including deposits and withdrawals. Holders should consult their exchange for specific …
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Banxa announced on June 27 that it is laying off 30 percent of its staff, Australian Financial Review reported. The cryptocurrency operator said in the release that the layoffs add to several measures to cushion the effects of the crypto winter. The company said it now has a “clear line to profitability” owing to the …
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Binance, last month on May 6, received the green light from French authorities to set up a significant presence in one of Europe’s top financial centers. However, Autorité des Marchés Financiers (AMF), the country’s market regulator, is coming under fire for approving the crypto exchange giant. The backlash from European lawmakers According to a report …
After seeing the country’s inflation rise to 191.6% in June, Zimbabwean monetary authorities said they have resolved to increase the benchmark interest rate to 200% per annum. In addition, the central bank said it will introduce gold coins which will act as an instrument that will “enable investors to store value.” Discouraging Speculative Borrowing Monetary …
Cryptoys, an NFT-based startup, announced it has raised $23 million in a Series A funding round led by a16z. The company, which seeks to mix NFTs with the world of gaming and virtual toys, will create what it calls a “cryptoyverse,” in which it will also implement play-to-earn features and issue its own tokens. Cryptoys …
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A closely tracked crypto strategist is warning Bitcoin traders and investors that BTC could be 48 hours away from resuming its downtrend. In a new strategy session, pseudonymous analyst Cheds says Bitcoin is still in a macro downtrend and BTC’s recent rally from the lows of $17,600 is likely to meet an abrupt end. “I’m …
Bitcoin (BTC) visiting the $20,000 range after one and a half years made mining — the most important job of the ecosystem — a costly affair. However, if history were to repeat itself, BTC investors may witness another epic bull run that previously helped Bitcoin reach an all-time high of $69,000. Changes in Bitcoin prices …
Continue reading “Bitcoin mining revenue mirrors 2021 lows, right before BTC breached $69K”
Bitcoin (BTC) mining hardware and hosting company Compass Mining has lost one of its Maine-based hosting facilities after the owner, Dynamics Mining, terminated the hosting agreement between the two, claiming Compass failed to pay the required bills. Late on Sunday, Dynamics tweeted a letter on Twitter it sent to Compass Mining which stated as of …
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