Bitcoin fell below $20,000 during Wednesday’s session, as markets reacted to yesterday’s weaker-than-expected consumer confidence report. The expectation for economic growth also fell to a nine-year low. This resulted in ETH also dropping, with prices hitting a six-day low. Bitcoin The world’s largest cryptocurrency fell below $20,000 on hump day, as traders reacted to Tuesday’s …
Monthly archives: June 2022
Russian Parliament Adopts Tax Rules for Digital Assets
Russian lawmakers have approved amendments regulating the taxation of transactions with digital assets. The legislation concerns business operations with cryptocurrencies and tokens. In some cases, the burden for Russian companies will be reduced as compared to foreign entities. Russian Duma Passes Law to Tax Crypto Transactions A bill amending the Tax Code of the Russian …
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Cappasity to Launch the Solution for Creating NFT-Based Loyalty Programs
press release PRESS RELEASE. SANTA CLARA, CA, June 29, 2022/ — Cappasity provides solutions for 3D digitizing of products for online stores and classifieds. Soon, the platform will offer an NFT service, allowing store owners to create a new communication and marketing channel with their customers. Cappasity users will get the opportunity to create NFTs …
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Tether CTO Paolo Ardoino Says Hedge Funds Attempting To Sabotage USDT
Tether’s chief technology officer says certain hedge funds recently attempted to spread panic and profit off shorting Tether (USDT). Tether CTO Paolo Ardoino says hedge funds helped spread rumors that Tether isn’t 100% backed and has 85% exposure to Chinese commercial paper (CP) holdings. CP holdings are a type of unsecured and usually discounted short-term …
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Governments, enterprise, gaming: Who will drive the next crypto bull run?
In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century. The crypto market, just as any other market, runs in cycles. Even though digital assets are known, if not …
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Lending network enables transparent credit history in Africa via blockchain partnership
African mobile banking platform Aella has partnered with Creditcoin Network to make credit histories transparent by integrating all its transactions into Creditcoin’s public blockchain. In an announcement sent to Cointelegraph, Creditcoin said that all Aella’s credit transactions will be recorded on the Creditcoin blockchain, making it easy to audit and available for viewing through their …
MicroStrategy scoops up 480 Bitcoin amid market slump
Business intelligence firm MicroStrategy has added to its Bitcoin (BTC) holdings, reaffirming CEO Michael Saylor’s bullish outlook on the digital asset despite its recent struggles. In a Form 8-K filing with the United States Securities and Exchange Commission (SEC), Microstrategy disclosed that it had acquired an additional 480 BTC at an average price of roughly …
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21Shares responds to bear market with crypto winter ETP
21Shares, a global issuer of crypto exchange-traded products (ETP), is taking action to respond to the current bear market by launching crypto winter-focused investment tools. The company has rolled out the 21Shares Bitcoin Core ETP (CBTC), an ETP specifically designed to offer low-cost exposure to Bitcoin (BTC) am to the ongoing market sell-off. The physically-backed …
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Is Ethereum Ready for Business? EEA Inaugural Report Investigates
EEA Ethereum Business Readiness Report 2022 Assesses Ethereum’s Business Potential Based on In-Depth Analysis from Case Studies, Interviews, and Ecosystem Research Wakefield, Mass. – June 29, 2022 – The Enterprise Ethereum Alliance (EEA) today announced the publication of its Ethereum Business Readiness Report 2022, available as a free, downloadable document. The report represents one of …
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Sam Bankman-Fried: Some Third Tier Exchanges Are Already Secretly Insolvent
Summary: Sam Bankman-Fried suggested that some third-tier exchanges are in deep trouble but customers might not know yet. The FTX chief also opined that a few platforms are too far gone and providing backstops could be impractical. BlockFi and Voyager Digital received crucial credit lines to sustain their businesses from SBF-backed firms. FTX CEO and …
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Best Soccer Fan Tokens to Invest in 2022
The popularity of cryptocurrency has created a huge demand for blockchain technology to be used in every industry. What was once considered to be able to potentially revolutionize commerce is now also seeping its way into other sectors. One such field where the blockchain space has been flourishing is the sports industry. It is easily …
CoinFLEX accuses Roger Ver of defaulting on a $47M loan
The CEO of the CoinFLEX cryptocurrency exchange, Mark Lamb, has released a post on his Twitter account accusing Roger Ver, also known as “Bitcoin Jesus,” of defaulting on a $47 million USDC margin call. CoinFLEX accuses “Bitcoin Jesus” of loan default The statement released by Lamb said that the accusations that the exchange was facing …
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HTC unveils a metaverse phone with crypto and NFT functionality
HTC, one of the largest smartphone manufacturers, has unveiled a “Viverse” phone that will support the metaverse and support cryptocurrencies and non-fungible tokens (NFTs). HTC unveils a metaverse phone HTC Desire 22 Pro will be among the first phones entering the Web3 world. The phone will come with installed applications allowing users to access metaverse …
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Axie Infinity’s Ronin Bridge reopens after $625M hack
The Ronin Bridge has reopened transactions months after a $625 million hack in March this year. Sky Mavis, the company behind the Axie Infinity play-to-earn game and the Ronin blockchain, has said that players can now use the bridge for deposit and withdrawal transactions. Ronin Bridge reopens After the breach in March, the Ronin Bridge …
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Is Bitcoin Ready To Bottom Out? Veteran Analyst John Bollinger Weighs In on State of BTC
A seasoned crypto analyst is closely tracking Bitcoin (BTC) price action as he attempts to determine whether the leading crypto by market cap has carved a bottom. John Bollinger, the technical analyst who invented the Bollinger Bands metric, tells his 222,100 Twitter followers that after BTC’s drop from its all-time high of $69,000 to below …