The non-fungible token (NFT) space remains vibrant, even with the current downturn in the market. Although many NFT collections are not cheap, retail investors have made profits by purchasing top NFT tokens. We’ve already witnessed the success of the Bored Ape Yacht Club (BAYC) NFT collection and its token, Apecoin. Hence, several investors are looking …
Continue reading “Top 10 NFTs July 2022 – What’s the Next Apecoin for High Returns?”
The chief executive officer of blockchain-focused payments platform Circle says that the firm is stepping up its efforts to be transparent as some companies in the crypto space face existential threats. Circle CEO Jeremy Allaire tells his 100,000 Twitter followers that Circle isn’t going to be shy when it comes to releasing information about the …
Skybridge Capital founder Anthony Scaramucci says that FTX CEO Sam Bankman-Fried’s decision to bail out crypto lending platform BlockFi is an indication that we may have reached the bear market’s bottom. In a new interview on CNBC, Scaramucci admits that the industry is facing serious challenges following news that crypto broker Voyager Digital is suspending …
A widely tracked economist says that Bitcoin is flashing a signal that has historically marked the bottom not only for BTC, but for all asset classes as well. Alex Krüger tells his 139,200 Twitter followers that he’s closely watching the aggregated volume of Bitcoin, which covers both spot and perpetual markets across all exchanges. According …
The Monetary Authority of Singapore, or MAS, has been “carefully considering” adding restrictions that could affect how retail investors handle crypto, according to one of the government’s senior ministers. According to parliamentary records published on Monday, Singapore senior minister and MAS chair Tharman Shanmugaratnam said the financial watchdog may consider “placing limits on retail participation” …
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The crypto markets have remained relatively stable over the weekend and on July 4, which is a holiday for the United States financial markets due to Independence Day. Although Arthur Hayes, former CEO of derivatives platform BitMEX, was expecting a “mega crypto dump” around July 4, it has not materialized. The drop in Bitcoin’s (BTC) …
Continue reading “Price analysis 7/4: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, LEO, SHIB”
Bitcoin (BTC) rose to clip $20,000 for the first time in five days on July 4 as the Independence Day holiday brought some unexpected gains. BTC/USD 1-hour candle chart. Source: Tradingview.com $20,000 briefly reappears Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking to $20,085 on the day, its best performance since June 30. The …
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Multichain, a cross-chain platform, has announced the integration of the Bitcoin-based (BTC) smart contract protocol Rootstock (RSK) blockchain into its ecosystem. This will allow users to exchange Ether (ETH), USD Coin (USDC), Binance USD (BUSD) and other assets between RSK, Ethereum and BNB Chain. According to Monday’s announcement, the integration is a major milestone for …
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Summary: Three Arrows Capital allegedly owns multiple NFTs belonging to popular projects such as CryptoPunks, Art Blocks Curated, BoredApeYachtClub, and more. The total NFT holdings by Three Arrows Capital are valued at roughly $7 million. The Three Arrows Capital crypto hedge fund allegedly owns multiple NFTs belonging to popular projects such as Crypto Punks and …
Summary: Stablecoin purchases in Argentina shot up over the weekend. Arbitrage opportunities erupted for stablecoins paired with the country’s national fiat currency – Peso. The buying pressure increased following economy minister Martin Guzmán’s resignation. Traders are reportedly hedging against increased inflation rates. Major local exchange Buenbit saw a 300% increase in trading on Sunday. DAI …
Argentina’s Economy Minister Martin Guzman announced his resignation on June 3, pushing citizens to seek hedges in crypto and causing the price of Tether to gain 6.6% against the Argentian peso, Bloomberg News reported. Guzman’s resignation comes at a time when the already high inflation saw a new surge. Following his decision to step down, …
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Hackers breached the Twitter and YouTube pages of the British Army on June 3 and made several tweets promoting non-fungible tokens (NFTs) and cryptocurrencies. British Army Twitter account @BritishArmy appears to have been hacked pic.twitter.com/41HPtSeln1 — OSINTtechnical (@Osinttechnical) July 3, 2022 The British Army confirmed the hack. The attackers initially changed the name of the Twitter …
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MicroStrategy, Tesla, and other public companies holding Bitcoin face significant impairment losses as Bitcoin (BTC) closed the second quarter below $19,000. MicroStrategy BTC holding down 58% According to Bloomberg News, MicroStrategy could report a significant impairment loss of $3.4 billion due to the sharp decline in BTC prices between April and June 2022. The company …
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Vauld announced July 4 that it will immediately suspend withdrawals, trading, and deposits on the platform due to volatile market conditions and the impact on key business partners. The statement also mentioned that users had withdrawn $197.7 million since June 12 due to mounting fears over CeFi lenders the same day Celsius announced similar actions …
Continue reading “Coinbase-backed Vauld becomes the latest crypto lender to pause withdrawals”
According to the tech website CTech, Celsius Network laid off 150 workers in a bid to stay operational. The troubled lending and borrowing platform announced a pause on withdrawals on June 13, citing “extreme market conditions.” In the weeks before the announcement, rumors were circulating that the company was insolvent, a claim denied by CEO …
Continue reading “Celsius Network takes affirmative action to stave off bankruptcy”
