A widely followed crypto analyst is updating his outlook on several leading altcoins as the markets stumble. Crypto trader Michaël van de Poppe tells his 618,000 Twitter followers that Cardano (ADA) is currently meeting resistance. “ADA Looking strong here, but at resistance. If we crack through, I’m assuming we’ll see $0.67 next, but I’d preferably want to …
Monthly archives: July 2022
Senator Cynthia Lummis Says US Officials Need More Time To Digest Crypto Regulation Before Signing Bill
Senator Cynthia Lummis says voting for the bipartisan crypto bill she helped introduce in June is unlikely to happen until next year. In a new interview aired during the Bloomberg Crypto Summit, Lummis says only a part of the proposed Responsible Financial Innovation Act (RFI) bill could go through the banking committee this year. “The …
World’s Best-Selling Video Game Announces Ban on NFTs – Here’s Why
One of the world’s most popular online video games is updating its policy to ban non-fungible tokens (NFTs). According to a new company article, Minecraft, the best-selling video game of all time, is updating its guidelines to ban NFTs due to their potential to create inequality among the game’s users. “We wanted to take the …
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The dark side of the metaverse and how to fight it | Cointelegraph interview
Metaverse and Web3 have become catch-all terms that describe some aspects of the future internet. Beyond the hype, however, these technologies are building immersive worlds that intersect digital and real life. As more people migrate to the metaverse to work, play and “live,” so to speak, real-world complications are bound to arise. Have you ever …
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‘The market is acting this way because there is no regulation’ says Skale Labs’ Konstantin Kladko
The recent cryptocurrency bear market has uprooted decentralized finance (DeFi) and centralized finance (CeFi) projects in the crypto space. But past performance is not always indicative of future results. For starters, Ethereum’s price has already recovered 48% in the past few days ahead of the looming Merge upgrade. At the annual Ethereum Community Conference in …
Ether price stalls at $1,630 after gaining 50% in under a week
The ETH price stalls following a week of gains, leading analysts to call for a pullback in the short term followed by a rally into September when the mainnet Merge is predicted to occur. Price action across the cryptocurrency market was largely subdued on July 21, as traders took a day to digest gains over …
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Bulls or bears? Both have a fair chance in Friday’s Bitcoin options expiry
Bitcoin (BTC) briefly broke above $24,000 on July 20, but the excitement lasted less than two hours after the resistance level proved more challenging than expected. A positive is that the $24,280 high represents a 28.5% increase from the July 13 swing low at $18,900. According to Yahoo Finance, on July 19, the Bank of …
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Coinbase Petitions the US SEC to Begin Rulemaking on Digital Asset Securities
Summary: Coinbase has filed a petition requesting the Securities and Exchange Commission to start rulemaking on digital asset securities. Coinbase states that existing rules for traditional securities do not work for digital assets. The exchange requests the SEC to develop a workable regulatory framework guided by formal procedures and public notice-and-comment processes rather than arbitrary …
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SEC Swoops in To Classify 9 Tokens as Securities in Complaint Against Former Coinbase Employee for Insider Trading
Summary: The SEC has gone after a former Coinbase employee accused of insider trading, filing a complaint against him, his brother, and his friend with the US District Court Western District of Washington, Seattle. The complaint describes digital tokens as being crypto asset securities. Nine tokens mentioned in the complaint include AMP, RLY, DDX, XYO, …
Logium, The first DEX on Ethereum That Allows You To Bet On the Price Of Every Token On Uniswap
What is Logium? Logium aims to solve the problem of decentralized finance and open the free market of derivatives. It claims to be the first platform that allows users to go long or short on any token on Uniswap. With Logium, you can bet with other users on whether the token will go up or …
IBAT Battle Infinity Hits $700k – $3000 IBAT Airdrop Giveaway
Battle Infinity, a metaverse-focused fantasy sports gaming platform, has made headlines by raising more than 2700 BNB in mere 7 days and reaching its softcap in just the first week of its presale. With around 80 days still for the presale to end, it seems like Battle Infinity has set a groundbreaking kickstart. Battle Infinity …
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SEC Asks Judge To Remove 67,000 XRP Holders From Court Case and Bar Ripple-Supporting Lawyer From Participation
The U.S. Securities and Exchange Commission (SEC) is opposed to allowing attorney and XRP supporter John Deaton from participating in the Ripple lawsuit any longer. In April 2021, Deaton and five other XRP holders, referred to as “movants” in the case documents, filed a motion to intervene in the case “on behalf of all similarly …
The ReserveBlock Protocol Has Achieved Mainnet Beta With Over 2,300 Validators
July 21, 2022 – Miami, Florida ReserveBlock RBX – the first open-source, decentralized NFT-centric blockchain that enables true peer-to-peer operability for the validating, minting and trading of NFTs with or without the need for a centralized authority – announced that the protocol has achieved mainnet beta after seven months of testnet and achieving consistent stability among the validators …
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Cake DeFi Levels Up With Razer Silver
July 21, 2022 – Singapore, Singapore Cake DeFi, Asia’s fastest growing crypto finance platform dedicated to providing access to decentralized financial services, has today announced a market-leading partnership with Razer Silver, a loyalty rewards program for gamers, backed by Razer Inc., the world’s leading lifestyle brand for gamers. The exclusive partnership will deliver class-leading value …
Korean crypto startup Uprise to compensate investors after disastrous LUNC short trade
South Korean crypto investment company Uprise plans to compensate investors for damages incurred during its futures bet on Luna Classic (LUNC) — a token that was built on the ruins of the failed Terra ecosystem. Uprise is making arrangements to compensate 40% of the loss incurred by customers tied to its disastrous short bet on …