Ether (ETH) is down 11.5% in seven days even after the recent confirmation of the “Ethereum merge” transition to a proof-of-stake (PoS) consensus network in September. During the Ethereum core developers conference call on July 14, developer Tim Beiko proposed Sept. 19 as the tentative target date. The transition out of energy-intensive mining has been …
Continue reading “Ethereum options data show pro traders ready to go long into ETH’s Merge”
No surprises from the Fed as Bitcoin bulls see rewards for late longs with the press conference still to come. Bitcoin (BTC) charged above $22,000 on July 27 after the United States Federal Reserve enacted another major interest rate hike. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Fed: “Appropriate” to keep hiking after July Data …
Continue reading “Bitcoin spikes above $22.2K as Fed votes for 75-basis-point rate hike”
Former Algorand CEO Steven Kokinos said he will stay on as a senior advisor and be involved in “key projects” related to scaling adoption until 2023. Blockchain protocol Algorand’s chief executive officer Steven Kokinos has announced he will be leaving his position to focus on projects related to scaling adoption. In a Wednesday Twitter thread, …
Continue reading “Steven Kokinos shifts to Algorand advisory role as company appoints interim CEO”
Summary: Ripple’s General Counsel, Stuart Alderoty, has stated the Securities and Exchange Commission is bullying the crypto markets by filing unproven allegations masquerading as regulation. According to Mr. Alderoty, there is an urgent need for sensible crypto legislation from Washington, DC. Ripple’s Chief lawyer, Stuart Alderoty, has pointed out that the US Securities and Exchange …
Summary: The Harmony Protocol team has proposed a reimbursement plan that involves hard-forking the chain. The plan involves two options: minting 4.97 billion ONE for full reimbursement or 2.48 billion ONE for 50% reimbursement. The minted ONE will then be distributed within three years. The team at Harmony protocol has proposed a reimbursement plan to …
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Dogecoin has been able to stay true to its reputation of being a memecoin for quite some time now. However, in the recent scenario, from a macro point of view, Dogecoin’s performance has continuously been disappointing its investors. Enthusiasts, as well as long term investors, seem to be losing their patience with the cryptocurrency for …
BCH Loses at $135 – July 27From a close observation technical point of view, Bitcoin Cash loses at the $135 line after hitting resistance around the value line. The last thirty days of trading have witnessed a decrease and an increase in valuation of $96 and $134.44. And the market price, as of writing, keeps …
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A crypto strategist is outlining what’s in store for Bitcoin (BTC) and Ethereum (ETH) after BTC bulls failed to keep the rally going. In a new strategy session, crypto analyst Cred says Bitcoin is now likely to revisit its 2022 lows after Bitcoin went below its breakout level of $22,562. “As you know, failed breakout …
July 27, 2022 – Grand Cayman, Cayman Islands Following the success of launching the flagship title ‘Big Time’ into early access and generating NFT sales in excess of 100 million dollars, BIG TIME Studios Ltd. (BTS) announced the OPEN LOOT (OL) platform. OL enables developers to launch Web 3.0 games and distribute their NFTs through …
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July 27, 2022 – Singapore, Singapore Atato, a licensed digital asset custodian offering MPC custodial solution aimed at corporates and institutions, announced the close of their successful Series A round today, affirming bullish sentiment for infrastructure projects in blockchain-related markets. In bearish markets, crypto adoption scales through infrastructure development Led by AlphaLab Capital and FEBE Ventures, …
In the United States Senate, a bipartisan bill has been introduced to eliminate the burden of paying crypto tax, especially capital gains tax, on cryptocurrency transactions of $50 or less. What exactly does the Virtual Currency Tax Fairness Act entail? Speaking about the bill, it’s the Virtual Currency Tax Fairness Act that exempts small crypto …
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Summary: Algorand’s CEO, Steven Kokinos, has left the blockchain project to pursue other interests. Mr. Kokinos will stay on at Algorand as a senior advisor until mid-2023. Algorand’s current COO, Sean Ford, will serve as interim CEO effective today, July 27th. Algorand’s (ALGO) CEO, Steven Kokinos, has left the blockchain project to pursue other interests. …
Summary: Binance boss Changpeng Zhao met virtually with Dr. Nureddin Nebati, the Finance Minister of Turkey. The pair held discussions on cryptocurrency and the blockchain ecosystem. Reports said that Turkey could soon regularize its crypto scene with dedicated laws and policies. Turkey is also a major source of traffic for Binance. Zhao has met with …
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Angel investor Liron Shapira said that decentralized wireless internet protocol Helium (HNT) generated only $6,500 monthly for investors after the hundreds of millions invested in the firm. .@Helium, often cited as one of the best examples of a Web3 use case, has received $365M of investment led by @a16z. Regular folks have also been convinced …
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South Korean prosecutors have issued a “notification upon arrival” and travel ban on Terra’s founder and co-founder, Do Kwon, and Daniel Shin, South Korean news outlet donga reported on July 27. A “notification upon arrival” notice means investigators will be informed when a person of interest enters the country and is usually used for crucial investigations …
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