Top crypto analyst Michaël van de Poppe says that altcoin prices could surge by up to 200% as Bitcoin (BTC) and many other crypto assets rally. Van de Poppe tells his 619,600 Twitter followers that investors could see big returns for tokens such as Avalanche (AVAX), Solana (SOL) and Chainlink (LINK). “The entire market looks …
Monthly archives: July 2022
Bitcoin holds $24K as USD taps 3-week lows on eurozone inflation report
Bitcoin (BTC) sought to pin $24,000 as support before the July 29 Wall Street open as fresh inflation data sparked worries for the euro. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Eurozone inflation estimate shows no peak Data from Cointelegraph Markets Pro and TradingView showed BTC/USD maintaining most of its latest gains after spiking to nearly …
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Cardano Vasil hard fork hit with another delay for several weeks
After failing to go live last month, the Cardano Vasil hard fork is delayed again as teams behind the Cardano blockchain development target a smooth network upgrade. Input Output Global (IOG), the organization responsible for Cardano’s research and development, released a YouTube update on Thursday on the upcoming Vasil hard fork. IOG technical manager Kevin Hammond announced …
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Ethereum founder speaks against transferable governance, community responds
The governance discussion intensifies as decentralized autonomous organizations (DAOs) become more popular in the blockchain space. The dilemma between giving power to a specific few and the freedom to voluntarily delegate decision power was highlighted in a Twitter thread created by Ethereum founder Vitalik Buterin. In a tweet, Buterin brought up an old adage pointing out …
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5 New Cryptocurrency Releases Rumoured for Binance Listings in 2022
The cryptocurrency market has had a good 24 hours, with its total cap rising by 3.5%. At $1.14 trillion, it’s also up by 12% since Tuesday, defying the Federal Reserve’s announcement of further rate hikes. Most major coins have risen along with the market, although some have posted above-average gains. Many of these are smaller …
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El Salvador says Bitcoin bet working but needs more time to bear fruit
El Salvador’s Bitcoin (BTC) experiment is on track, and results will not happen overnight, the country’s Finance Minister Alejandro Zelaya told Bloomberg News in an interview. Naysayers have long argued that the Central American nation should cut its losses and ditch Bitcoin. However, Zelaya argued that abandoning the pursuit of financial innovation would be wrong. …
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Axie Infinity CEO moved funds to Binance before disclosing Ronin bridge hack
Axie Infinity CEO and co-founder Trung Nguyen moved $3 million worth of AXS tokens to Binance before disclosing the Ronin bridge exploit, Bloomberg News reported on July 28. Axie Infinity lost over $600 million to North Korea-linked hackers on March 29. The game developer temporarily suspended the operations of the Ronin bridge following the hack, …
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Gig workers still go for crypto despite the bear market
Digital asset management firm Bakkt‘s new survey revealed that 50% of gig workers are comfortable getting a part of their payments in crypto, while 38% said they could consider earning their whole paycheck in digital assets. Bakkt’s Chief Product Officer Nicolas Cabrera commented on the survey results that clearly demonstrated the crypto appeal amongst gig …
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Here’s what you can expect from Ethereum’s long-awaited “Merge” upgrade
The Ethereum upgrade, formerly Ethereum 2.0 or Eth2, is one of the most anticipated upgrades in the world of blockchain technology, and Ethereum investors cannot wait. While the Eth2 name stuck, the Ethereum Foundation itself changed the terminology. Today, you would simply refer to it as the ‘consensus layer’ that operates on the original blockchain. …
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Call for Creation of Common African Digital Currency, Kenyan Activists Turn to Crypto Funding, Ghana on the Brink
In Bitcoin.com News’ inaugural newsletter featuring the biggest crypto and economic news stories from Africa, the head of an African regional central bank, Herve Ndoba, implores the bank’s board to introduce a common digital currency. At the same time, the regional bank warned that the Central African Republic’s bitcoin law is incompatible with regional laws. …
Greek Police Scramble to Catch Onecoin’s ‘Cryptoqueen’ Ruja Ignatova, Local Media Reports
Law enforcement in Greece has recently tried to locate Ruja Ignatova, founder of the infamous Onecoin pyramid scheme. According to a leading Greek daily, investigators acted on intelligence suggesting she was still in the country. Also known as ‘Cryptoqueen,’ Ignatova was last seen boarding a plane to Greece several years ago. Authorities in Athens Try …
Iran Amends Regulations to Ease Crypto Miners’ Access to Renewable Energy
Authorities in Iran have revised some rules for the crypto mining industry in order to facilitate its access to green power. Licensed miners will now be able to purchase electricity produced from renewable sources from across the country at lower rates. Cryptocurrency Miners in Iran Allowed to Source Green Energy From Across Country Iran’s Ministry …
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IMF Predicts Latam to Grow 3% This Year, Despite Facing Economic Deceleration and Rising Inflation
The International Monetary Fund is predicting that Latin America (Latam) will keep growing this year, reaching a growth rate of 3% even with all of the difficulties that the region is facing. The institution believes that the economic recovery that Latam is enjoying after the Covid-19 pandemic will be decelerated by several factors, including the …
FTX US Opens Stock Trading for American customers
FTX US has announced that users based in the US will get access to stock trading services. The services will be available top FTX users located across all 50 US states as part of an effort by FTX US to expand the products and services offered on the platform. FTX US offers stock trading The …
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US Senator wants Apple and Google to share information on fake crypto apps
US lawmakers continue to express interest in regulating the crypto space and ensuring there is reduced risk to US investors. Senator Sherrod Brown has now written letters to Apple and Google’s parent company, Alphabet, seeking information on how the giant tech companies can ban fake cryptocurrency apps. US Senator wants Apple and Google to ban …
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