India’s finance minister has informed parliament that the central bank, the Reserve Bank of India (RBI), wants cryptocurrencies to be prohibited. However, she noted that “any legislation for regulation or for banning can be effective only after significant international collaboration.” Indian Finance Minister on Crypto Ban and Regulation Indian Finance Minister Nirmala Sitharaman answered some …
Monthly archives: July 2022
Bitcoin, Ethereum Technical Analysis: ETH Hits $1,600 as Crypto Surge Continues on Tuesday
Ethereum rose for a seventh consecutive session on Tuesday, as prices briefly climbed above the $1,600 level. This move saw the token hit its highest level in over a month, and came as bitcoin also reached a nearly five-week peak, following gains made earlier today. Bitcoin Bitcoin (BTC) was up to start today’s session, however …
Dubai Crown Prince Launches Metaverse Strategy — Fivefold Increase in Blockchain and Metaverse Companies Envisioned
A master plan that aims to see the number of Dubai’s blockchain and metaverse companies grow from the current 1,000 to 5,000 in five years, was recently launched by the kingdom’s Crown Prince Sheikh Hamdan. Known as the Dubai Metaverse Strategy, the plan also seeks to create 40,000 jobs and bring in $4 billion to …
CoinShares CSO expects Bitcoin pump to ATH within two years
The chief strategy officer at CoinShares, Meltem Demirors, has said that Bitcoin will achieve a new all-time high within the next two years. During an interview with CNBC’s Squawk Box, Demirors said that the current trend in Bitcoin’s price was part of its cyclical uptrends and downtrends. CoinShares CEO predicts a new Bitcoin ATH in …
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Curve DAO Token (CRV) Boosts 40% in 7 Days – Merge to Take Place on September 19
When investors redirected their attention to decentralized finance (DeFi) platforms the day before, the price of the Curve DAO Token reached its highest level in more than a month. On Tuesday, the CRV token reached a high of $1.3926, its highest level since June 1st. The news about investors shifting to blue-chip DeFi tokens like …
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Ripple Co-Founder Jed McCaleb Completes 9,000,000,000 XRP Sell-Off After Eight Years: Crypto Researcher
Ripple co-founder Jed McCaleb is finishing selling off 9 billion XRP after nearly a decade of gradually unloading his holdings to the market. Crypto researcher Leonidas Hadjiloizou tells his 59,600 Twitter followers that McCaleb finished distributing his XRP this week after over eight years of sales. The former Ripple executive reportedly made a total of …
Fintech Firm “Intelly” Launches Real Estate Investment Platform
Intelly, a blockchain-based fintech company, announced plans to launch a fractional non-fungible token (F-NFT) real estate investment platform this Tuesday, July 20. The new platform will give investors access to property investments using Intelly’s native token “INTL.” In a July 19 announcement, the blockchain-based fintech firm confirmed ready plans to launch fractional NFTs. Intelly will …
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Crypto.com Secures Crypto License In Italy
Summary: Major exchange Crypto.com has won a license to operate virtual asset services in Italy. The approval was granted by the Organismo Agenti e Mediatori (OAM), Italy’s top financial watchdog. Binance received similar approval from Italy’s regulator in May. Crypto.com previously received the regulatory nod in Greece. The crypto exchange also has licenses in Asia …
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What Will The US CPI Data Do To Cryptocurrencies?
On Wednesday at 12:30 GMT, the US Consumer Price Index (CPI) inflation data for June is set to be released. If the previous month’s CPI data release is any indicator, this revelation may cause volatility in the cryptocurrency markets. Traders will remember that a hotter-than-expected May consumer price index report was released in the middle …
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5 Play-to-Earn Crypto Tokens that might rise in Future
Gaming is a billion-dollar market and it’s about time Play-To-Earn crypto games dominate the industry that has been perpetually growing for decades. Play-To-Earn crypto games allow players to earn rewards by completing tasks, conducting battles, trading in-game characters and so on. These rewards have a tangible real-world value and are usually offered in the form …
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5 Altcoins That Are Worth Investing Even In the Bear Market
During the current bear market, cryptocurrency has been subjected to significant losses. As of the today, the value of Bitcoin (BTC), the first and most prominent cryptocurrency to be based on blockchain technology, has tumbled to staggering low levels this year has seen. According to Matt Hougan, chief investment officer of Bitwise Asset Management, the …
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Four Under-the-Radar Altcoins Skyrocket 233% or More in Just Seven Days As Crypto Shows Signs of Life
Four low-cap altcoins are surging, more than tripling in value over the past week as the digital asset markets abruptly come to life. One of this week’s biggest gainers is the native asset of RSK Infrastructure Framework (RIF), a collaborative marketplace designed to offer a suite of blockchain-based solutions such as storage, domaining and payments. …
This Solana-Based Altcoin Is One To Watch This Month, Says Top Crypto Analyst – Here’s Why
Closely followed crypto analyst Justin Bennett is eyeing one move-to-earn altcoin for a potential rally to the upside. Bennett tells his 102,000 Twitter followers that blockchain-based fitness and lifestyle app STEPN (GMT) could possibly see a major breakout from a symmetrical triangle formation. “GMT is one to watch this month. Points to a 40% move …
Liquidity protocol uses stablecoins to ensure zero impermanent loss
At a time when the decentralized finance (DeFi) protocols have seen a significant outflow of funds from the market, maintaining liquidity has become even more challenging. Liquidity plays a central role in the DeFi ecosystem, and many protocols over time have come up with various new solutions to keep liquidity pools brimming. The latest trend …
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Aave taps Pocket Network to beef up decentralized app development
Aave (AAVE), an open source decentralized finance (DeFi) protocol, is teaming up with decentralized Web3 infrastructure provider Pocket Network to offer developers increased scalability and ease of use when building decentralized applications (DApps) on the Aave Protocol. According to the statement on Tuesday, Aave will use Pocket’s distributed network of more than 44,000 nodes to access …
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