Bitcoin price builds best weekly candle since March despite new DXY peak

Bitcoin (BTC) is on track for its biggest weekly gains since March, but not everyone is convinced the good times will last. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Crypto sentiment highest since early May Data from Cointelegraph Markets Pro and TradingView shows that at the time of writing, BTC/USD is up over $2,000 this …

Former Asset Manager Sues Celsius, Claims “Ponzi Scheme”

An individual who worked with Celsius Network filed a lawsuit against the platform, calling it a ponzi scheme. Jason Stone is the CEO and founder of KeyFi, and said that he helped generate profit for the Celsius Network. The lawsuit adds to the already deep trouble that Celsius Network is facing. An individual previously associated …

Konvoy Ventures Launches $150 Million Fund To Support Web3 And Gaming Firms

Konvoy Ventures has raised $150 million to back early stage gaming and Web3 firms.  The company aims to bolster the gaming sector by supporting variety of gaming and web3 firms globally  Konvoy Ventures, a gaming-focused venture capital firm has announced a special $150 million fund called Konvoy III dedicated toward platforms associated with emerging global …

Here’s why the crypto downturn isn’t the end for DeFi

After an explosive 2021, the recent downturn has left a bitter taste for crypto investors, not least those who went heavy on DeFi. Since the market peaked in November 2021, investors had pinned their hopes on bulls shaking off the infrequent bearish signs that were presenting. To read the rest of this article, sign in …

NOW in Web3: Play2Earn, Move2Earn, Learn2Earn Form the Base for Incentivized UX

The recent bull market highlighted a number of emerging sectors within the space that all share similar catchy titles of “something2Earn.” Crypto market participants last year could just not get enough of the growth of Play&Earn games such as Axie Infinity and mobile eSports MegaFans or Move2Earn dApps like STEPN and Genopets. These tokenized incentive …

Proposal to Set Up Russian Crypto Exchange Circulated in Moscow

Russia may establish a dedicated exchange to carry out cryptocurrency transactions locally, a high-ranking member of the State Duma has suggested. The new platform can be hosted by the Moscow Exchange, according to Anatoly Aksakov, head of the parliamentary financial market committee. Russian Authorities Mull Creating Domestic Cryptocurrency Exchange A crypto trading platform may be …

Binance CEO Meets Senegalese and Ivory Coast Presidents, Says ‘Africa Is Primed for Crypto Adoption’

Changpeng Zhao, the CEO of cryptocurrency exchange Binance, tweeted that he recently held meetings with the presidents of Senegal and Ivory Coast. The meetings are part of his initiative which is aimed at driving up the adoption of cryptocurrency in Africa and beyond. CZ’s Meeting With the Senegalese President The CEO of Binance, Changpeng Zhao …

Former Tiktok Gaming Boss Launches Metao, a ‘Blockchain Agnostic’ Gaming Company

Jason Fung, former head of gaming at Tiktok, the video-based social media, is launching a blockchain-based gaming startup. The company, called Metao, will focus on providing “blockchain-agnostic” solutions that will allow Web3 game creators to expand their reach and not be limited to just a chain and an ecosystem tied to a certain token. Metao …

Colombia Issues Guide for Implementing Blockchain for Public Projects in the Country

The Ministry of Information Technologies and Communications of Colombia, Mintic, has issued a guide that describes the steps to implement blockchain in projects directed at the state level. The document defines blockchain and its basic elements, and also describes the guidelines that some projects should follow, depending on the needs of each project. Colombia Issues …

5 Cryptocurrency to Buy for Price Boom This Weekend – July 2022 Week 1

The cryptocurrency market has enjoyed a little uplift as the week draws to a close. Its total cap has risen to $1 trillion again, a jump of 4%. Bitcoin, ethereum and other big coins have led this charge, while a handful of smaller altcoins have posted nearly double-digit gains. Assuming that this momentum will continue …

Bitcoin (BTC) Set To Explode by Over 400% and Hit Six Figures, According to Crypto Trader – Here’s the Timeline

A popular crypto strategist and trader doesn’t expect Bitcoin (BTC) to reach new all-time highs for possibly another two years. Pseudonymous trader Kaleo tells his 526,200 Twitter followers Bitcoin will trade in a sideways range, also known as being in a crab market, before exploding to a new all-time high possibly after the early-2024 halving. …

Nifty News: Total BAYC thefts crack $18.5 million, “Ape Now, Pay Later” loans come for NFTs and more

A Dune analytics platform user has found that more than $18.5 million worth of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) Nonfungible tokens (NFTs) have been marked as stolen or flagged for suspicious activity on Opensea to date.  According to data from Dune, a user known as “Beetle” discovered that 130 …

Uprise Investment Fund Becomes the Latest Victim of the LUNA Crash

Several cryptocurrency companies have claimed going belly up or facing financial distress in the past couple of months. While some of these have been due to the bearish sentiment and overall decreased crypto trading volume within various exchanges and ecosystems, projects have also been harmed or plunged in value due to several other incidents. One …

Bitstamp Cancels Plans to Charge An Inactivity Fee

According to reports, the popular crypto exchange Bitstamp, which initially planned to charge an inactivity fee, has now later decided against it after user uproar. Visit Bitstamp Now Your capital is at risk. What is Bitstamp? Bitstamp is one of the oldest cryptocurrency exchanges that claims to be the original exchange and has been the …

Planetarium Amasses $32M In Series A Funding For NFT Game Expansion

Planetarium Labs, a community-driven blockchain gaming firm, has successfully raised $32 million in a Series A funding round to expand its NFT gaming network and increase governance tools. In a July 7 announcement, Kijun Seo, the co-founder and CEO of Planetarium Labs, confirmed the successful completion of its Series A funding round led by video …

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