A film partially funded by the sale of non-fungible tokens (NFTs) featuring Russell Crowe is making its debut. According to a new report by Yahoo News, Prizefighter, a British-American biopic about legendary bare-knuckle boxer Jim Belcher, was partially funded by Moviecoin, an NFT film funding platform. In a new episode of The Crypto Mile podcast, …
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A leading crypto analyst says Bitcoin (BTC) and the rest of the digital asset markets are rebounding on Federal Reserve Chair Jerome Powell’s dovish post-Federal Open Market Committee (FOMC) press conference. In the latest edition of his Cryptocademy newsletter, analyst Justin Bennett dives into the charts to predict how long BTC, Ethereum (ETH), and FTX Token (FTT) …
Bitcoin (BTC) price rallied toward $24,200 on July 28 after a near-10.5% surge that began a day earlier. The gains appeared after Federal Reserve Chairman Jerome Powell signaled intentions to slow down the Fed’s prevailing tightening spree. This prompted some Bitcoin analysts to predict short-term upside continuation, with pseudonymous analyst CryptoHamster seeing BTC at $26,000 …
Continue reading “3 Bitcoin trading behaviors hint that BTC’s rebound to $24K is a ‘fakeout’”
Rishi Sunak, the former chancellor of the Exchequer, and Liz Truss, Secretary of State for Foreign, Commonwealth and Development Affairs, two of the final candidates to become the next prime minister for the United Kingdom, have both previously expressed pro-crypto views. With Prime Minister Boris Johnson soon to be out of office, Sunak and Truss …
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Trust Wallet has announced the integration of virtual collectibles minted and developed on the Polygon blockchain. According to a blog post, The Decentralized exchange announced that users could sell and acquire the Polygon NFT collection using Trust Wallet. As revealed, users can trade Polygon NFTs by connecting their Trust Wallet to NFT marketplaces, such as …
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Leading Funding Platform, Untold.io, has launched a fairness funding initiative for the American movie industry. The initiative will see filmmakers, promoters, marketers, and prominent traders in the Hollywood space create and finance content for general consumption. Notably, this development comes as an effort by the firm to democratise the production of entertaining content. It will …
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Popular cryptocurrency exchange, KuCoin, has collaborated with Fracton Protocol, an NFT liquidity infrastructure, to expand the adoption of NFTs. The development was revealed in a tweet by the exchange on Tuesday. Reportedly, the NFT protocol intends to harness its collaboration with Kucoin to become a popular NFT trading platform for all retail subscribers. KuCoin’s collaboration …
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Leading crypto solutions provider, Ripple, recently signed a partnership deal with a Singapore-based payment platform FOMOPay. Ripple announced this development through a press release. As revealed, the partnership will enable FOMOPay to explore the On-Demand Liquidity technology of Ripple in carrying out its operation. Additionally, FOMOPay will now enjoy continuous access to liquidity for the …
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The recent market recovery has caught most by surprise, mainly because macro conditions have certainly not improved, most notoriously with the latest CPI data at 9.1% year over year – much higher than expected. Nevertheless, according to some surveys, inflation expectations from the market are calming off. This is a major factor contributing to the …
Continue reading “Crypto shines in spite of dire macro conditions”
U.S. Senator Sherrod Brown (D-Ohio) sent letters to Tim Cook, CEO of Apple, and Sundar Pichai, CEO of Google and Alphabet on July 28, asking for information about what the companies are doing to protect users from fraudulent cryptocurrency apps. The move comes after the Federal Bureau of Investigation (FBI) issued a warning on July …
The Law Commission of England and Wales has proposed reforming existing laws, especially private property law, to protect cryptocurrency users and maximize the potential of the technology. The proposals are laid out in a consultation paper published on July 28 that is seeking inputs from industry stakeholders till November 4. According to the Law Commission, …
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The Times reported that the US had entered a technical recession as GDP shrank 0.9% annually after the second-quarter report was released Thursday. The chart below shows the real GDP of the US compared with the price of Bitcoin since 2017. It can be seen that when GDP declines, the price of Bitcoin trends upwards. …
Trading at $23,800 at press time, Bitcoin led a broader rebound that saw the global crypto market regain $1 trillion in market capitalization. Graph showing Bitcoin’s price on July 28, 2022 (Source: TradingView BTC) While breaking through the $24,000 mark represents only around a 5% increase in the past 24 hours, zooming out shows Bitcoin …
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The U.S. Treasury Department suspects that crypto exchange Kraken has violated the U.S. sanctions by allowing users from sanctioned regions to trade digital tokens and opened a federal investigation to reveal the truth, The New York Times reported. The U.S. sanctions currently imply Iran, North Korea, Cuba, Syria, as well as Ukraine’s Crimea, Donetsk and …
After the crypto lender Celsius filed for bankruptcy protection on July 13, the company recently contacted customers and explained that an employee from one of the firm’s vendors accessed a list of Celsius client emails, and the email addresses were “transferred to a third party.” Furthermore, Celsius customers have written to the court begging to …
