A closely followed crypto analyst says that one large-cap altcoin is showing unique strength in the midst of an ongoing correction in the digital asset markets. Michaël van de Poppe tells his 614,000 followers that Binance Coin (BNB), the utility token of leading crypto exchange platform Binance, is one of the only coins that currently …
Monthly archives: July 2022
Meta signals closure of Novi wallet after a 10-month pilot
Meta’s first foray into the world of cryptocurrencies is set to end in September with the closure of its Novi wallet pilot project. Novi’s website landing page has been revamped to inform pilot users that the platform will be decommissioned on September 1. This ends an eight-month-long pilot project that saw users based in the …
Continue reading “Meta signals closure of Novi wallet after a 10-month pilot”
CoinShares acquires French crypto asset manager Napoleon AM
Major European digital asset manager CoinShares is finalizing the acquisition of the French fintech firm Napoleon Group despite the ongoing market decline. CoinShares announced on July 4 that the firm has acquired Napoleon Asset Management, a digital asset management subsidiary of Napoleon Group. CoinShares previously entered into a sale and purchase agreement (SPA) to acquire the …
Continue reading “CoinShares acquires French crypto asset manager Napoleon AM”
Peter Schiff’s bank closure strengthens Bitcoin case for financial freedom
Prominent economist Peter Schiff, who is well-known in the community for his anti-crypto sentiments, had his bank shut down by Puerto Rico regulators. The revelation, however, led to Crypto Twitter pointing out the “irony” as Schiff’s prediction for Bitcoin (BTC) came true for his own traditional bank. Puerto Rico regulators closed down Schiff’s bank for …
Continue reading “Peter Schiff’s bank closure strengthens Bitcoin case for financial freedom”
Regulators Halt Operations of Crypto Skeptic Peter Schiff’s Euro Pacific Bank
Schiff’s Euro Pacific Bank is under investigation and has had its operations suspended. Schiff denies any wrongdoing and is looking to sell the bank. Meanwhile, some in the crypto community will cheer at the development, as Schiff is a notable crypto skeptic. Puerto Rican regulators have shut down prominent crypto skeptic Peter Schiff’s Euro Pacific …
Continue reading “Regulators Halt Operations of Crypto Skeptic Peter Schiff’s Euro Pacific Bank”
Former Google CEO Eric Schmidt Is Skeptical About the Metaverse Concept
Eric Schmidt, who was CEO of Google, has declared that there is confusion about the concept of the metaverse and what it means for people. Schmidt stated that, even with a company like the former Facebook pivoting its operations to occupy the metaverse market, there is still not a clear definition of the concept and …
Continue reading “Former Google CEO Eric Schmidt Is Skeptical About the Metaverse Concept”
Bank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Abroad
The Central Bank of Russia would agree to the legalization of cryptocurrency mining, provided the proceeds from the activity are converted to fiat outside of Russia. The regulator’s latest position on the matter comes after it softened its stance on the possible use of cryptocurrencies for payments, even if only internationally. Central Bank of Russia …
Continue reading “Bank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Abroad”
Veteran Trader Tone Vays Warns of Another Bitcoin Collapse After ‘Disastrous’ Week – Here’s His Downside Target
Seasoned investor Tone Vays says that Bitcoin (BTC) is on the verge of another breakdown which could send the price of the leading crypto asset to a new 2022 low. In a new strategy session, Vays tells his 121,000 YouTube subscribers that Bitcoin’s outlook remains bleak as BTC tries to “desperately” cling to the $19,000 …
Keys lost in the Vauld: Singapore crypto exchange freezes withdrawals
Crypto contagion claims another casualty. In a statement, Singapore-based crypto exchange Vauld has made the “difficult decision to suspend all withdrawals, trading and deposits on the Vauld platform with immediate effect.” In what appears to be a run on the crypto bank, the group intends to “apply to the Singapore courts for a moratorium,” as Vauld …
Continue reading “Keys lost in the Vauld: Singapore crypto exchange freezes withdrawals”
‘Wild ride’ lower for BTC? 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week still in holiday mode with United States financial markets off for Independence Day. The largest cryptocurrency, stuck below the increasingly daunting $20,000 mark, continues to feel the pressure from the macro environment as talk of lower levels remains omnipresent. After a quiet weekend, hodlers find themselves stuck in a …
Continue reading “‘Wild ride’ lower for BTC? 5 things to know in Bitcoin this week”
Haters to unite at the first conference for crypto skeptics
In the middle of crypto’s latest bear market, industry and asset class detractors have rallied together to share their skepticism and network with lawmakers at their own anti-crypto conference. Whereas most crypto conferences exist to promote the latest developments on the cutting edge of the industry, crypto critic journalist Amy Castor said in her July …
Continue reading “Haters to unite at the first conference for crypto skeptics”
USD stablecoin premiums surge in Argentina following economy minister’s resignation
Argentina, a country with one of the highest crypto adoption rates in the world, saw the price of United States dollar-pegged stablecoins surge across exchanges on Saturday after the abrupt resignation of its Economy Minister, Martin Guzman. The minister’s shock exit, confirmed on his Twitter account on Sunday via a seven-page letter, threatens to further …
Cardano’s Vasil Hard Fork Upgrade Is Now Live On Testnet
IOHK has finally launched its Vasil Hard Fork Upgrade on the blockchain’s Testnet The mainnet launch is scheduled to take place by the end of July 2022. After much anticipation, the Vasil Hard Fork upgrade has finally been launched on Cardano Testnet. With this upgrade, Cardano is now one step closer to its mainnet launch …
Continue reading “Cardano’s Vasil Hard Fork Upgrade Is Now Live On Testnet”
British Army’s social media accounts hacked by crypto scammers
The British Army’s official Twitter, Facebook, and YouTube accounts were breached on July 3 for almost four hours, with scammers promoting rip-off non-fungible token (NFT) collections and cryptocurrency scams. Just after 2PM ET on July 3, the United Kingdom Ministry of Defence (MOD) Press Office tweeted it was aware the Army’s social media accounts were …
Continue reading “British Army’s social media accounts hacked by crypto scammers”
Sango crypto hub goes live in the Central African Republic
The Central African Republic (CAR) has launched its new government-backed Sango crypto hub initiative to foster the development of the local digital asset sector. The Sango project follows the CAR’s adoption of Bitcoin (BTC) as legal tender in April. The initiative aims to attract businesses and global crypto talent/enthusiasts, ramp up local BTC adoption and …
Continue reading “Sango crypto hub goes live in the Central African Republic”