BetterMe Magazine, an online publication for Yahoo Hong Kong, has announced plans to launch its first non-fungible token (NFTs) project. The new NFT project dubbed “City Frenchie” will launch on July 21. In a July 19 press release, Yahoo Hong Kong confirmed plans to launch a new NFT project known as “City Frenchie” in collaboration …
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As the market makes unpredictable moves, investors have been growing confused and scared of the upcoming price action that their top cryptocurrencies might follow. While there is still major doubt among retail investors, several financial institutions and top organizations have been publicly buying huge amounts of various digital assets. To some point, this has also …
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A popular analyst who called the crypto price collapse earlier this year isn’t sold on the market’s latest upswing. The pseudonymous trader known as Capo tells his 449,400 Twitter followers that he’s still fully out of the crypto market as he believes the price action of Bitcoin (BTC) suggests sellers remain in control. “What we …
One of the leading crypto hubs in the Middle East, the emirate of Dubai, launches the Dubai Metaverse Strategy that aims to turn it into one of the world’s top 10 metaverse economies. The strategy promotes Dubai’s ambitions to support more than 40,000 virtual jobs by 2030. On July 18, the Emirates News Agency reported …
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A new contributor to the Bitcoin (BTC) energy debate says that 1 BTC would have to cost $20 million to use 100 times its current energy demands. In a Twitter debate on July 18, Sjors Provoost, a Bitcoin developer and author of “Bitcoin: A Work in Progress,” cast doubt on the largest cryptocurrency’s future energy …
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Bored Ape Yacht Club (BAYC) creator Yuga Labs has warned there may soon be a “coordinated attack” targeting multiple non-fungible token (NFT) communities. The NFT company told its Twitter followers on July 19 that its security team has been tracking a “persistent threat group” targeting the NFT community through compromised social media accounts, urging followers …
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Crypto staking service provider Lido Finance has announced plans to expand staked Ether (stETH) support across the ecosystem of Ethereum Layer two (L2) networks. In a July 18 blog post, the Lido team noted that it would initially begin by supporting Ether staking via bridges to L2s using wrapped stETH (wstETH). Moving forward, it will …
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Celsius’s debut bankruptcy hearing introduces alternatives for users to retrieve their funds back. The firm plans to make use of Bitcoin mining operations and third-party asset sales to accumulate funds and pay back its debt. After halting its withdrawals and filing for chapter 11 bankruptcy, Celsius Network has finally introduced a new recovery plan in …
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Discord made its debut in 2015, and its popularity has only risen since then. Its initial opponents were Skype and TeamSpeak, but Discord came with a unique feature. One of its early breakthroughs was the usage of servers, in which players may connect to a server dedicated to a given game. Discord can be extremely …
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Token.com, a publicly-traded company that invests in digital assets and businesses associated with NFT and Metaverse, has successfully acquired gaming software provider Plate Group to expand its gaming in Africa. On July 19, Token.com announced the acquisition of Playte Group, a company that builds tools to power the play-to-earn (P2E) economy, at an undisclosed amount …
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Celsius’s 1.7 million registered users across over 100 countries gave up title to the crypto they deposited into Earn and Borrow accounts, according to the firm’s lawyers. At the first bankruptcy hearing for Celsius on July 18, lawyers from the Kirkland law firm led by Pat Nash detailed how retail users with Earn and Borrow …
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Cryptocurrencies issued by private companies could be better than central bank digital currencies (CBDCs) if the firms are regulated appropriately, Phillip Lowe, governor of the Australian central bank, said on July 17, according to a Reuters report. Lowe’s comments were part of a panel discussion at the G20 financial officials meeting in Indonesia. Lowe said: …
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Tech giant Samsung said it is currently working on new 3-nanometer(nm) mining chips that will be 45% more energy efficient. The new chips are estimated to have 23% higher performance and are expected to significantly reduce carbon emissions in the mining industry. The company started working on the chips in late 2021, with help from …
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Nasdaq-listed cryptocurrency exchange Coinbase has obtained regulatory approval to offer crypto services in Italy. “Coinbase is committed to bringing the power of our full product suite to customers across Europe,” the company said. Coinbase Approved in Italy Cryptocurrency exchange Coinbase (Nasdaq: COIN) announced Monday that it has secured regulatory approval to provide crypto services in …
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U.S. Senator Elizabeth Warren says that “too many crypto firms have been able to scam customers and leave ordinary investors holding the bag while insiders make off with their money.” She stressed the need for stronger rules, urging the Securities and Exchange Commission (SEC) and Congress to take action on crypto regulation. U.S. Senator Says …
