Roughly six years ago in July 2016, an Ethereum hard fork was used to address the infamous DAO hack. This specific fork saw the chain split into two factions, and a new crypto asset called ethereum classic was introduced to the crypto community. For years now both chains have co-existed using the same proof-of-work (PoW) …
Monthly archives: July 2022
Ripple CEO Discusses Potential Outcomes of SEC Lawsuit Over XRP
Ripple’s chief executive has shared his views on possible outcomes of the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) over the sale of xrp, which the regulator claims to be an unregistered securities offering. Ripple’s CEO Discusses Implications of SEC Winning the Lawsuit Ripple CEO Brad Garlinghouse discussed the lawsuit brought by …
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‘Big Short’ Investor Michael Burry Doubts SEC Has Resources or IQ to Investigate Crypto Listings on Coinbase Correctly
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, believes that the U.S. Securities and Exchange Commission (SEC) neither has the resources nor the IQ points needed to correctly investigate crypto listings on Coinbase. Michael Burry on SEC Investigating Crypto Listings on Coinbase Famous investor and founder of investment firm Scion Asset …
Pocket DAO Passes Two Key Proposals on Node Incentives
press release PRESS RELEASE. Pocket Network, a decentralized Web3 infrastructure provider that services blockchain data requests for applications and developers, is implementing key protocol changes after its community DAO voters rallied to boost network efficiency and bring costs down. As of late June, the Pocket DAO has passed two proposals with significant impacts on the …
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Tamadoge (TAMA) Beta Sale Live Until Sept 2nd – P2E Meme Coin
The Tamadoge project have announced the start of their early presale phase – a time limited beta sale – active now until Sept 2, 2022. The TAMA price (now $0.01) with then rise 25% for the remainder of the presale running until the last quarter of 2022. Tamadoge Presale Tamadoge (TAMA) is an ERC-20 token …
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Pain ahead for algorithmic and non-cash backed stablecoins: IMF director
IMF Director Tobias Adrian believes uncollateralized and algorithmically-stabilized stablecoins pose too great a threat to holders and may experience further sell-offs. The International Monetary Fund (IMF)’s director of capital markets believes there could be further failures of “coin offerings,” including algorithmic stablecoins amid the ongoing crypto winter. In the interview with Yahoo Finance on July …
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Zuckerberg unfazed about $2.8B metaverse division loss in Q2
Meta’s virtual reality (VR) and metaverse division Reality Labs has posted its seventh straight quarter of losses, but CEO Mark Zuckerberg remains steadfast in investing in the technology, which he calls a “massive opportunity. During Meta’s Q2 earnings call on July 27, Zuckerberg acknowledged that such losses could continue for several more years until VR …
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Coinbase SEC investigation could have ‘serious and chilling’ effects: Lawyer
Michael Bacina, an Australian digital assets lawyer told Cointelegraph that the investigation could see a far-reaching impact on crypto exchanges and the token projects involved.
Magic Eden Joins Genopets To Launch SFT Marketplace On Solana
Magic Eden, the leading community-centric, non-fungible token marketplace on Solana, has announced a successful partnership with popular move-to-earn NFT game Genopets to launch the semi-fungible token (SFT) marketplace on Solana. In a July 27 announcement, Magic Eden and Genopets confirmed the successful partnership to introduce the first semi-fungible token (SFT) marketplace. For the first time, …
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Analytics Firm Glassnode Says Worst of Bitcoin (BTC) Capitulation Could Be Over – But There’s a Catch
The worst of the Bitcoin (BTC) capitulation could be over, according to the crypto analytics firm Glassnode. In a new analysis, Glassnode examines the Market Realized Gradient Oscillator (MGRO) 14-day, 28-day and 140-day time periods, with the latter period indicating Bitcoin has already been in a bear market for many months, according to the analytics …
Solana (SOL) Emerging As New Competitor to Ethereum’s NFT Dominance: Analytics Firm Messari
New data from crypto insights firm Messari reveals that Solana (SOL) is emerging as a challenger to leading smart contract platform Ethereum’s (ETH) non-fungible token (NFT) market dominance. In a recent report, Messari says that even though Solana’s overall usage declined in Q2 of this year, its NFT activity has greatly accelerated. “Following a breakout …
ENS/USD Value Prediction for July 28th: ENS Attracting Massive Profits
Ethereum Name Service Seems to be one of the best performing cryptos today. This crypto has moved approximately 25% of its value in just a day. And, by this performance, ENS should be the best performing crypto in the market. Currently, this crypto now trades at $ 15.38, and it looks like this crypto may …
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Japan’s top crypto lobby groups push for lower taxes to attract talent
Japan’s strongest crypto lobbying groups say that current tax rates prevent industry growth and call for lower taxes to prevent talent outflow. Bloomberg News reported that two of the top lobbying groups, the Japan Cryptoasset Business Association (JCBA) and the Japan Virtual and Crypto assets Exchange Association (JVCEA), are working on a proposal to submit …
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El Salvador seeks to buy back $1.6B of debt to quell default fears
Amid falling Bitcoin (BTC) prices and rising fears of El Salvador defaulting on its debt, the Central American country is attempting to buy back $1.6 billion of its sovereign bonds. El Salvador President Nayib Bukele tweeted July 26 that he has sent two bills to the parliament to ensure that the country has funds to …
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Federal Reserve announces 75bps rate hike; Bitcoin up 3% following the news
The Federal Reserve, chaired by Jerome Powell, has announced that it will raise interest rates in the U.S. by 75 basis points. The increase matched the market consensus, which some analysts deemed to be priced into the traditional markets. The crypto markets have reacted positively, with Bitcoin up 3% in the moments after the data …
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