Bitcoin continues to trend to the upside over the short term as the crypto market hints at further gains. The bullish momentum seems to be driven by the positive earnings seasons and the U.S. Federal Reserve (Fed) interest rates hike. The financial institution announced a 75 basis points (bps) increase in interest staying within market …
Continue reading “Bitcoin Flirts With Hurdle At $24k, Why It Could Be In Early Days Of Recovery”
Polygon (MATIC) is witnessing surging network and developer activity in the second quarter of 2022 despite the ongoing crypto bear market. Polygon is a scaling solution that aims to enable the widescale adoption of decentralized apps on the Ethereum (ETH) blockchain. The Polygon chain is now home to 5.34 million unique addresses, a 12% increase from …
Gary Gensler, chair of the Securities and Exchange Commission (SEC), says that the crypto markets should be regulated the same way traditional securities are. In a new episode of the Office Hours video series, Gensler explains how the US stock market and crypto exchange platforms are alike, and thus should offer similar consumer protections. “These …
The popular community-based crypto phenomenon that began with the Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs) continues to expand. According to a forum post on the website of BAYC’s affiliated digital asset ApeCoin (APE), the community has just voted overwhelmingly to boost funding for an online news site called The Bored Ape Gazette. Back …
Continue reading “ApeCoin DAO Votes To Fund Bored Ape Yacht Club 24-Hour News Website Using APE”
The Solana (SOL) Foundation has opened its first physical store in New York City called Solana Spaces NYC. The Ethereum (ETH) competitor claims it is “the world’s first retail and educational space dedicated to Web3.” The Solana Foundation says the store is devoted to blockchain newcomers. “Visitors will find a variety of tutorials, programming, and …
Bitcoin mining involves a delicate balance between multiple moving parts. Miners already have to face capital and operational costs, unexpected repairs, product shipping delays and unexpected regulation that can vary from country to country — and in the case of the United States, from state to state. On top of that, they also had to …
The United States Federal Deposit Insurance Corporation, or FDIC, has issued an advisory informing the public it “does not insure assets issued by non-bank entities, such as crypto companies.” In a Friday notice, the FDIC advised banks in the U.S. that they needed to assess and manage risks in third-party relationships with crypto firms. The …
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The United States House of Representatives passed the Chips and Science Act on Thursday by a vote of 243 to 187. The bill, which was introduced into the Senate over a year ago, provides grants and incentives to the semiconductor industry and encourages research. It also creates a blockchain and cryptocurrency specialist position in the …
Francis Suarez, the Mayor of Miami City, has confirmed plans to launch a non-fungible token (NFT) collection. Miami City has partnered with Mastercard, Time, and Salesforce to run the innovative NFT initiative. In July 29 press release, Miami’s top city executive confirmed plans to launch an innovative NFT initiative for Miami City to drive revenues …
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Leading crypto derivatives exchange, FTX has obtained a full operational license to run its exchange and clearing house in Dubai. Dubai’s Virtual Assets Regulatory Authority (VARA) approved the exchange on Friday. The new license means FTX will begin to provide crypto derivatives offerings and trading services to institutional customers in Dubai. However, the offerings will …
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Crypto exchange, KuCoin, on Friday, launched its NFT ETF trading zone according to an announcement on its verified Twitter handle. The exchange seeks to enhance the liquidity of NFTs through the trading zone. Also, it aims to lessen the investment threshold of blue-chip NFTs for its users. The CEO of KuCoin, Johnny Lyu, aired his …
Advanced Blockchain AG, a famous venture builder in the blockchain industry, announced raising $6 million in seed funding by its incubation Quasar. The Germany-based investment company announced the development in a blog post relayed on its official handle. According to Advanced Blockchain AG, Quasar successfully raised the seed funding through the aid of numerous venture …
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A team in the English domestic league have signed three players based on supporters’ NFTs vote. League Two outfit Crawley Town reached out to supporters to seek their opinion on which player to sign through an NFT vote. Notably, Crawley Town offered the club’s NFT and season ticket holders to participate in voting. Though not …
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The European Central Bank (ECB) published a report on July 14 that covered many points related to Bitcoin and Ethereum mining, including energy consumption and Proof-of-Stake (PoS) as an alternative mechanism. The report, titled “Mining the environment – is climate risk priced into crypto-assets?,” determined that Proof-of-Work (PoW) mining cannot co-exist with “the green transition” …
Continue reading “Bitcoin mining — What are the true climate change risks?”
Glassnode’s data has revealed that small, or retail, Bitcoin (BTC) holders are accumulating the flagship digital asset while whales have been dumping their holdings. Retail holders own less than 10 BTC in their portfolio and are also referred to as “Crabs” or “Shrimps,’ while a whale holds 1000 or more Bitcoin in its portfolio. Retail …
Continue reading “Research: Shrimps vs. Whales — Small holders accumulate Bitcoin as whales dump”
