A widely tracked crypto analyst believes that leading smart contract platform Ethereum (ETH) is gearing up for a massive rally as it begins to flash signs of strength. Pseudonymous crypto strategist Altcoin Sherpa tells his 180,200 Twitter followers that he sees a huge surge incoming for Ethereum in the coming weeks after ETH took out …
Monthly archives: July 2022
Will intellectual property issues sidetrack NFT adoption?
The rapidly growing but loosely regulated nonfungible token (NFT) industry already touches many areas of human endeavor “from academia to entertainment to medicine, art, and beyond,” wrote recently two United States senators in a letter to the U.S. Patent and Trademark Office (USPTO) and the U.S. Copyright Office. The legislators were requesting a study to …
Continue reading “Will intellectual property issues sidetrack NFT adoption?”
Africa can create an inclusive society with blockchain, says LBank CEO
As one of the most populated continents in the world, Africa continues to be an important target for blockchain proponents, as adoption in the region could have a significant impact on the broader crypto economy. In an interview with Cointelegraph, Allen Wei, the CEO of crypto exchange LBank, explained that blockchain can have a significant …
Continue reading “Africa can create an inclusive society with blockchain, says LBank CEO”
Coinbase secures crypto asset service provider approval in Italy
The United States-based cryptocurrency exchange Coinbase continues aggressive European expansion by securing approval to offer crypto services in Italy. Coinbase announced on July 18 that it has obtained the Crypto Asset Service Provider approval from the Italian Anti Money Laundering regulator, Organismo Agenti e Mediatori (OAM). According to a post by Nana Murugesan, Coinbase’s vice president …
Continue reading “Coinbase secures crypto asset service provider approval in Italy”
Crypto recaptures $1 trillion market cap: BTC hits $22K, ETH ‘giga mooning’
Bye bye Monday blues, hello bullish news – the total crypto market capitalization has retaken the $1 trillion level. The crypto market cap is now almost as valuable as all the silver on the planet. A price pump for Bitcoin (BTC) brought the world’s most decentralized cryptocurrency into the $22,500 range, while Ethereum (ETH) enjoyed …
Continue reading “Crypto recaptures $1 trillion market cap: BTC hits $22K, ETH ‘giga mooning’”
Jakaverse Raises $3M In Pre Series A Funding To Advance Its Metaverse
Jakaverse, a virtual world platform, has raised more than $3 million in a Pre Series A funding round to advance its virtual world project. Jakaverse anticipates creating a more advanced virtual platform that will connect the real and virtual world. In a July 18 press release, Jakaverse confirmed the successful completion of its Pre Series …
Continue reading “Jakaverse Raises $3M In Pre Series A Funding To Advance Its Metaverse”
Binance Served €3.3 million Fine By Dutch Central Bank, Crypto License Assessment Underway To Remedy Violations
Summary: Binance was fined by the Dutch Central Bank on Monday for not registering its operations with the regulator. The fine imposed for violations is in the amount of €3.3 million, roughly $3.4 million in USD. Violations include not paying taxes and other costs associated with running a regulated business in the Netherlands. Binance previously …
Coinbase Wins Regulatory Approval in Italy
Coinbase has received approval from Italian authorities to continue operations. The exchange has been keen on meeting regulatory requirements in different jurisdictions. Other exchanges are also focused on meeting the requirements of lawmakers to avoid losing out on lucrative markets. Coinbase has won a battle in its bid to go global, having received approval from …
Continue reading “Coinbase Wins Regulatory Approval in Italy”
Fantasy Sports Games Make a Comeback- Top Choice For Crypto Investors
During the pandemic, several industries took a big blow and recorded stagnant growth for quite a while before finally gaining momentum again. While the entertainment industry was also a victim of this, the gaming sector surprisingly grew at a commendable rate. With a global gaming industry currently worth more than $300 billion, developers and huge …
Continue reading “Fantasy Sports Games Make a Comeback- Top Choice For Crypto Investors”
Crypto Analyst Predicts Ethereum Challenger Solana Rips Hard, Says One Exchange Token Looks ‘Juicy’
A popular analyst says that Ethereum challenger Solana (SOL) appears primed to sustain its bullish ascent as one exchange token trades in an area that offers a favorable risk to reward ratio. The pseudonymous trader known as Cantering Clark tells his 140,300 Twitter followers that the right market conditions could help Solana put together a …
Crypto winter has 250 days left if the market cycle repeats: Grayscale
Grayscale Investment’s latest Insight report provides interesting food for thought, pinning the start of the current bear market in June 2022, which could last another 250 days if previous market cycles are to repeat themselves. Grayscale notes that cryptocurrency markets mimic their conventional counterparts with cyclical movements. Bitcoin (BTC) market cycles conventionally last 4 years or approximately …
Continue reading “Crypto winter has 250 days left if the market cycle repeats: Grayscale”
Binance fined $3M over illegal operations in the Netherlands
Major global cryptocurrency exchange Binance is facing a penalty in the Netherlands after failing to obtain regulatory approval to operate in the country. The central bank of the Netherlands (DNB) has fined Binance Holdings 3.3 million euros ($3.3 million) for offering local crypto services without registration with authority. The Dutch central bank officially announced Monday that …
Continue reading “Binance fined $3M over illegal operations in the Netherlands”
India needs global collaboration to decide on crypto’s future, says finance minister
Indian finance minister Nirmala Sitharaman has called for global collaboration on cryptocurrencies, assessing their pros and cons to form a common standard and taxonomy. Addressing a question on cryptocurrency in the Lok Sabha, the lower house of the Indian parliament, Sitharaman said that the Indian central bank had advised the government to prohibit the use …
Bitcoin per transaction cost goes down every four years, coincidence?
Diving deep into the thirteen-year-old Bitcoin (BTC) ecosystem makes one come across interesting patterns powered organically by investor sentiment and market conditions. With BTC’s per transaction cost coming down to $56.846 on July 14, the ecosystem unveiled a cycle wherein the per transaction costs invariably fall every four years. The cost per Bitcoin transaction is …
Continue reading “Bitcoin per transaction cost goes down every four years, coincidence?”
Polygon soars 70% following development updates, Disney accelerator
Since June 18, Polygon (MATIC) has been rising along a support trendline. During this uptrend, it has broken several lines of resistance, culminating in a decisive break of the ascending triangle pattern on July 18. Over the past week, Polygon climbed roughly 70% and is currently retesting the $0.8899 resistance level. A daily close above …
Continue reading “Polygon soars 70% following development updates, Disney accelerator”