Twitter has sued Elon Musk for walking back his acquisition offer. Meanwhile, Tesla has sold a large amount of Bitcoin. Tesla CEO Elon Musk has once again become relevant to the cryptocurrency sector in several new developments that could impact the industry. Musk is in conflict with Twitter over a deal that could influence the …
Continue reading “Tesla Sells Off Most of Its Bitcoin As Elon Musk Cancels Twitter Deal”
BTC higher by 9% last week but dropped from resistance after Tesla sale. FTM is higher on LlamaPay news. ApeCoin holds up with NFT valuations. BTC Bitcoin was higher by almost 9% on the week but has found some resistance at the $22,750 level. BTC Price Index The price of Bitcoin dropped on Monday after …
Continue reading “Bitcoin Hits Resistance at $22,750 on Tesla Sale, FTM, APE, SNX, Jul. 25”
The winter season in the cryptocurrency market has caused traders and investors to react in a way that can provide better protection for their assets. Now, Bitcoin whale transfers have spiked, according to the latest data from whale alert. It shows that billions of dollars worth of cryptocurrencies were moved to unknown wallets during the …
Continue reading “A Bitcoin Whale Address Moved 14,00 BTC To An Unknown Wallet”
Summary: Ethereum’s Vitalik Buterin has suggested that the Ethereum Classic community will definitely welcome proof-of-work fans after the Merge. He points out that Ethereum Classic is ‘totally fine chain.’ ETC’s price has benefited from the speculation that the Ethereum Classic network will absorb some of Ethereum’s ecosystem in terms of miners and dapps post-Merge. Ethereum’s …
Summary: Bitcoin slipped under $22,000 on Monday as the feds are scheduled to meet this week. A plethora of tokens slumped into red along with Bitcoin as the crypto market anticipates this week’s events. Analysts expect a 75 basis points hike at the FOMC meeting on Wednesday. This week also features earning calls from major …
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Crypto custody firm Copper has raised significant capital from one of the U.K.’s largest banks, Barclays, which is looking to acquire a stake in the firm, Sky News reported. Copper is a unicorn valued at roughly $2 billion and advised by former British Chancellor of the Exchequer Lord Hammond. According to the report, the bank …
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A new class action lawsuit against TerraForm Labs and its CEO, Do Kwon, was filed by Bragar Eagel & Squire, P.C. on July 24 in the state of California. Bragar Eagel & Squire, P.C. also slapped a class action lawsuit against Celsius Network, Alexander Mashinksy, and other firms and individuals connected o the crypto lender …
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A senior Chinese central bank official, Mu Changchun, said the country will respect digital yuan users’ privacy and protect their personal information, Reuters reported on July 25. According to Changchun, the digital yuan has a limited anonymity feature that allows for reasonable anonymous transactions. He said using the digital yuan “prevents and combats illegal activities …
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Just recently, coinjournal.net published a report that shows the number of cryptocurrency exchanges that have failed during the last eight years. Interestingly, the researcher’s data shows that 42% of failed crypto asset trading platforms disappeared without a trace, giving users no explanation as to why the exchange shut down. During the Past 8 Years, Research …
Cosmos was trading lower for a fourth consecutive session on Monday, as prices approached a one-week low. Decentraland was also trading close to a one-week low on Monday, as the global cryptocurrency market fell by over 3% as of writing. Cosmos (ATOM) Cosmos (ATOM) declined for a fourth straight session, as the token moved towards …
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According to the international law firm Scott+Scott’s website, there’s a possibility that the non-fungible token (NFT) company Yuga Labs may be threatened with a class action lawsuit for generally promoting “the growth prospects and change for huge returns on investment to unsuspecting investors.” Law Firm Seeks Investors Who “Suffered Losses” From Yuga Labs Products The …
Continue reading “Yuga Labs May Face a Potential Class-Action Lawsuit Over Apecoin and NFT Sales”
The venture capital arm of top US crypto exchange Coinbase is forecasting that one sector of the digital asset markets is on track to become a huge industry driver. In its latest Q2 recap and market outlook update, Coinbase Ventures says that popular blockchain-based game Axie Infinity (AXS) set the precedent for what the crypto …
A crypto legal expert says that the Judge in the U.S. Securities and Exchange Commission’s (SEC) case against Ripple Labs is losing patience with the regulatory agency for flip-flopping on its story. In a new video update, attorney Jeremy Hogan, who has been closely following the case, says that Judge Sarah Netburn is getting tired …
A friend of mine who is a seasoned Web2 tech executive joined a Web3 company in June. A switched-on operator, he asked to speak with all 16 staff before deciding to join the firm. This shows that Web3 joiners need to really hone in on the mission when jumping ship from the old tech world. …
Continue reading “When worlds collide: Joining Web3 and crypto from Web2”
The 2022 Champions League final will have a checkered position in the competition’s history book. Real Madrid emerged victorious over Liverpool inside the Stade de France, but the pandemonium outside the stadium before kick-off highlights the need for innovative solutions to events ticketing. Counterfeit tickets played a massive role in the chaotic scenes that played …
Continue reading “NFT utility to remedy ticketing dilemmas? Experts weigh-in”
