The blockchain company Polygon has been chosen to join Disney’s Accelerator program, according to a Walt Disney Company blog post published on Wednesday. The company’s 2022 Disney Accelerator initiative is a business development program that aims to “accelerate the growth of innovative companies from around the world.” Disney’s 2022 Accelerator Is Focused on Artificial Intelligence, …
Monthly archives: July 2022
ECB Calls for Urgent Regulation of Stablecoins and Defi, Won’t Rule Out Bitcoin Mining Ban
A new report by the European Central Bank (ECB), presented as a “deep dive into crypto financial risks,” calls for “appropriate” regulation and oversight of stablecoins and decentralized finance (defi). It also addresses the hot topic of Bitcoin’s carbon footprint in Europe, suggesting a ban on proof-of-work mining is probable. Growth of Stablecoins, Defi Warrants …
Bitcoin, Ethereum Technical Analysis: BTC Briefly Moves Back Above $20,000 During Volatile Day of Trading
Bitcoin briefly broke back into the $20,000 region on Thursday, following a volatile day of trading. Volatility in crypto markets came as data released showed that inflation in the United States had risen to its highest level in over four decades. ETH also briefly rose above $1,100. Bitcoin BTC was marginally higher on Thursday, as …
Celsius Files for Bankruptcy — Regulator Says the Crypto Lender Is ‘Deeply Insolvent’
Another crypto lender, Celsius Network, has sought bankruptcy protection in the U.S. “Customer claims will be addressed through the Chapter 11 process,” the company said. Two other crypto firms recently filed for bankruptcy protection: Voyager Digital and Three Arrows Capital (3AC). Celsius Follows Voyager, Files for Chapter 11 Bankruptcy Crypto lender Celsius Network announced Wednesday …
Bitcoin of America’s Customer Service Is Advancing the Cryptocurrency Industry
sponsored Popular BTM operator, Bitcoin of America, is changing the way we think about the cryptocurrency industry. Bitcoin of America is a virtual currency exchange, registered as a money services business with the United States Department of Treasury (FinCEN)(RegNum). They currently have 2,500 plus Bitcoin ATM locations across 31 states. They offer Bitcoin, Litecoin, Ethereum, …
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5 Reasons Battle Infinity IBAT Token Might Explode Higher Than Axie Infinity
The non-fungible token (NFT) ecosystem is leading the crypto industry to widespread adoption and exponential growth. Although popular projects like Crypto Punks and Bored Ape Yacht Club (BAYC) led the NFT landscape, Axie Infinity spurred the growth of the blockchain gaming landscape. Another project looking to continue this trend is Battle Infinity – an NFT …
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Quant (QNT) Price Sky Rockets Over 35%, Close to 2-Months High
On Thursday, the altcoin Quant (QNT) is trading near recent highs as prices battled through a volatile session. Despite falling by as much as 16% during the weekend, QNT recovered to trade near a two-month high of $90. During the early European session, the QNT token fell to an intraday low of $82.60 as prices …
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Crypto’s Richest Billionaire Says Banks Should Be More Involved With Digital Asset Industry
The CEO of the world’s largest crypto exchange platform is advocating for banks to play a larger role in the development of digital assets. Binance chief executive officer Changpeng Zhao says banks serve an important function in the crypto ecosystem despite the rivalry that has raged between the two financial sectors for over a decade. …
Ripple Wins Latest Legal Round To Compel SEC To Produce Evidence in XRP Lawsuit
The U.S. Securities and Exchange Commission (SEC) is losing a prominent argument in its lawsuit against Ripple Labs. Federal Judge Sarah Netburn denied the SEC’s attempt to not provide internal documents relating to former SEC Director William Hinman, who made a speech in 2018 stating that Ethereum (ETH) was not a security. Netburn first ordered …
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Philippines’ digital transformation could make it a new crypto hub
Binance, the cryptocurrency exchange, has recently acquired a virtual asset service provider (VASP) license from the Bank of Spain in order to operate in the country. In its ambitious expansion plans that the cryptocurrency exchange is persisting despite the global jump and market slump in the cryptoverse, there is another country that Binance is looking …
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BNB Chain launches DApp platform with ‘Red Alarm’ to warn users about scams
BNB Chain has launched a new platform, DappBay, to discover new Web3 projects. DappBay is equipped with a novel feature called Red Alarm, which assesses project risk levels in real-time and alerts users of potentially risky decentralized applications (DApps), according to a Thursday announcement. Red Alarm is a contract risk scanning tool offered by DappBay …
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Will Ethereum ever surpass Bitcoin? Crypto community answers
While Ethereum (ETH) being down almost 40% against Bitcoin (BTC) may give ETH traders some worries, crypto community members on Twitter shared their takes on the possibility of the smart contract platform eventually surpassing the king of crypto assets. On Twitter, the Cointelegraph social team asked the crypto community to share their thoughts on whether …
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Blockchain-based solutions aim to address US disaster relief
Natural disasters in the United States are becoming more prevalent, resulting in increasing costs, a lack of transparency between state and government organizations and a slew of other issues impacting relief systems. The Pew Research Center found that the Federal Emergency Management Agency’s (FEMA) public assistance program spent 23% more on natural disasters between 2010–2019 …
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Analyst Warns of Massive Bitcoin Plunge to Four-Figure Level As Crypto Reaches ‘Uncharted Territory’
A popular crypto trader warns Bitcoin (BTC) could nosedive as the crypto market encounters severe macroeconomic headwinds. Crypto analyst Justin Bennett tells his 10,600 YouTube subscribers that a bearish flag pattern forming on Bitcoin’s chart suggests the leading digital asset could plunge to a price target of around $8,500. “There is a pattern that’s setting …
South African exchanges welcome the new ‘crypto is financial asset’ ruling
South Africa’s Reserve Bank is set to begin regulating cryptocurrencies as financial assets in the next 18 months, with exchanges expecting the move to drive adoption in the country. The move to classify cryptocurrencies as financial assets and not currency has been talked about for some time by the South African Reserve Bank (SARB). Deputy governor …
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