An Ethereum-based altcoin that rallied over 11x from this year’s bottom is now likely to witness a corrective move, according to a leading analytics firm. BarnBridge (BOND), a blockchain protocol that aims to tokenize risk, exploded from its 2022 low of $2.18 last month to a high of $24.99 on July 24th, marking an increase …
Monthly archives: July 2022
Ex-Goldman Executive Warns Economy Is About To Drop Off a Cliff – Here’s What It Means for Crypto
Real Vision CEO Raoul Pal thinks crypto has “probably bottomed” and that the biggest macro influence on crypto is the global money supply. In a new video, Pal predicts economic growth will soon fall “off a cliff,” which will spur an increase in the money supply. The former Goldman Sachs executive shares a chart comparing …
Synthetix SNX Pumps 30% in Seven Days – Key Fundamentals in Play
The Synthetix SNX coin failed to maintain its upward rally, losing some traction and declining around the $2.85 level. Most coin and token prices rose, indicating that the cryptocurrency market had a net positive week. Following the recent rallies in top cryptocurrencies and tokens, the market cap has surpassed $1 trillion. As a result, the value …
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Brazil brokerage firm set to launch a cryptocurrency exchange
One of the leading brokerage firms in Brazil, XP Inc, is planning to launch a cryptocurrency platform by mid-August this year. The platform will allow people to trade Bitcoin and Ether, with more cryptocurrencies to be added by the end of the year. Brazil brokerage firm to launch a crypto exchange In May 2022, XP …
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Ukraine government supports the use of crypto in military activities
The Deputy Minister of Digital Transformation in Ukraine, Alex Bornyakov, has reassured Ukraine’s commitment to cryptocurrencies. Bornyakov said that crypto donations were strategic to the efforts made by Ukraine to win the war against Russia. Ukraine uses crypto for military operations Bornyakov issued a statement on July 26 saying that cryptocurrencies played a strategic role …
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Kraken Under Fire For Allegedly Violating US Sanctions: Report
Kraken is being investigated by the US Treasury Department. The exchange is suspected to have allegedly permitted Iranian users to access its crypto services. Kraken, one of the leading cryptocurrency exchanges, is under investigation for allegedly violating US sanctions. Per a report published by New York Times, the exchange allegedly permitted Iranian users to access …
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Think Metaverse Cryptos are Expensive? Invest in these instead
For the longest time, metaverse cryptos have been a bit too expensive. And rightly so, based on blockchains that shoot prices of these metaverse cryptocurrencies sky high because of the high gas fees. As a result, people find it hard to enter the metaverse ecosystem even if they want to. Thankfully, things have changed in …
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Quadrata Integrates Ethereum Network To Level Up Its Passport Mainnet
Quadrata, a passport network bringing the identity and compliance layer to the public blockchain, has successfully onboarded the Ethereum network on its mainnet to allow its users to prove their humanity status to a wide range of services accessible on-chain. In a July 27 press release, Quadrata confirmed the successful integration of its passport network …
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How will Gaming Cryptos Redefine DeFi?
DeFi has been around for a long time. However, through gaming cryptos, people have started to pay more attention. This article discusses how gaming cryptos will redefine DeFi. DeFi has been the greatest gift of blockchain technology. Imagine unhindered access to your finances without an intermediary, an ecosystem where money flows transparently, and an earning …
‘Cryptojacking’ rises 30% to record highs despite crypto slump: Report
New research shows that despite falling digital asset prices, cryptojacking has reached record levels in the first half of 2022. According to a mid-year update on cyber threats by American cybersecurity company SonicWall, global cryptojacking volumes rose by $66.7 million, or 30% in the first half of 2022 compared to the same period last year. …
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IMF global outlook suggests dark clouds ahead for crypto
The IMF has forecast economic growth to slow from 6.1% last year to 3.2% in 2022, which some believe will have negative consequences for crypto. Investors are warning of further volatility in the digital asset markets as the International Monetary Fund (IMF) forecasts a slowdown in global economic growth. The IMF’s July update on the …
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CFTC poaches Pantera Capital’s legal counsel, citing digital asset experience
Commodity Futures Trading Commission (CFTC) commissioner Goldsmith Romero cited Joe Cisewski’s experience in digital assets as a key reason behind onboarding him as chief of staff and senior counsel. Announcing the move on July 26, commissioner Romero pointed to Cisewski’s 14 years of experience working across the CFTC, Securities and Exchange Commission (SEC) and crypto …
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UPenn’s Wharton School rolls out online certificate course on business in the Metaverse
The University of Pennsylvania Wharton School of Business announced Tuesday that its Aresty Institute of Executive Education will launch a certificate program titled “Business in the Metaverse Economy.” The six-week course will be taught online with a heavy dose of immersion. Wharton, one of the world’s leading business schools, teamed up with consulting firm Prysm …
Bitcoin Price Prediction for Today July 26: BTC Price Pauses Above $20,724 Support
Bitcoin Demand Dries up at a Higher Price Level as It Pauses Above $20,724 Support – On July 26, 2022 On June 26, BTC/USD failed to sustain above $24,276 high as it pauses above $20,724 support. Bitcoin is recovering as buyers push the cryptocurrency upward. The recent decline pushes the BTC price below the moving …
These 11 Metaverse Cryptos Will Make Altcoins Obsolete In The Future
When Facebook changed its name to Meta, the idea of a Metaverse simultaneously began to sweep the globe and make headlines everywhere. A virtual environment known as the Metaverse is the result of the combination of a wide range of technologies, including virtual reality, augmented reality, blockchain, artificial intelligence, and many more. At the moment, …
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