China’s internet giant Tencent has reportedly shut down one of the two nonfungible token (NFT) platforms owing to declining sales aided by the regressive monetary policies of the Chinese government. Tencent shut down one of its NFT platforms on July 1, while the other one is struggling to remain afloat. A report from a local daily …
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Bitcoin (BTC) found a new focus at just under $20,000 on July 14 as United States dollar strength hammered out yet another two-decade high. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView DXY moves bring yen, euro into focus Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rebounding from lows sparked by a fresh 40-year high …
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Major European cryptocurrency investment firm CoinShares is expanding its exchange-traded products (ETP) with a new physically-backed ETP based on Algorand. CoinShares on Thursday announced the listing of its physically-backed staked Algorand ETP on Xetra, the electronic trading platform run by Germany’s exchange operator Deutsche Boerse. Named the CoinShares Physical Staked Algorand, the new crypto investment …
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Synthetix (SNX) Price Prediction – July 14There have been indications that the Synthetix market price may continue to trend higher against the valuation of the US Dollar. Price is presently trading around $2.62 at an average of 4.36 percent positive. And its last seven days of operations have witnessed a low and a high of …
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Summary: Dubai’s regulatory body granted provisional approval to OKX. The crypto exchange has bagged a virtual asset license and can offer trading facilities to investors in the United Araba Emirates. OKX also plans to open a regional headquarters in Dubai. The move is part of expansion efforts despite a downturn in the crypto market. Other …
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Celo has halted its blockchain, and validators are investigating the issue. Uniswap v3 was deployed on the Celo network hours before, though there is no confirmation whether this was related. The Uniswap and Celo collaboration is focused on regenerative finance, an environmentally friendly initiative. The Celo network has halted its blockchain, according to a tweet …
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The European Central Bank (ECB) blasted Proof-of-Work (PoW) mining as a significant climate change risk in research bulletin published in July. As expected, the report specifically mentioned Bitcoin. However, it also raised issues with Ethereum, despite its transition to a Proof-of-Stake (PoS) consensus mechanism. Researchers compiled estimated carbon footprint data on the above tokens and …
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The cost incurred by African migrants or expatriates when sending funds via the so-called formal corridors remains way above the UN target of less than three percent, the latest data from the World Bank has shown. On the other hand, the cost is much lower than the target when cryptocurrencies are used. Global Average Higher …
The Central Bank of Russia has spoken out against stablecoins, which it says are highly risky and not fit for payments. The monetary authority reacted to a statement by a top finance ministry official who suggested that his department would support the development of Russian stablecoins. Russia’s Central Bank Voices Opposition to Stablecoins Unlike the …
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While the market is seeing a bearish sentiment, the crypto industry, in general, has experienced a surge in investments year after year. Investors are interested in a varied range of crypto, and the list of Top Gainer ahead features cryptos based on gaming and Metaverse platforms, like Battle Infinity and even the cryptos based on …
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While the Indian government officially banned cryptocurrencies in 2018, they have since been left to be regulated and legal. Non-fungible tokens (NFTs) do not appear to be attracting as much regulatory worry, but they are also currently not legally recognized. In 2018, the government passed a new law imposing income tax on cryptos and is …
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The richest non-exchange Bitcoin (BTC) whale continues to gobble up BTC as the largest crypto by market cap hovers near $20,000. According to data from BitInfoCharts, the whale address has added 1,480 BTC since June 30th, bringing its total to about 132,883 Bitcoin, worth nearly $2.7 billion at time of writing. The wallet currently holds …
Financial services firm Mastercard has partnered with crypto gateway provider Fasset to co-develop digital solutions that may drive adoption in Indonesia. The collaboration aims to expand financial inclusion in the country and extend opportunities to its local economy. In an announcement, Navin Jain, the country manager for Mastercard Indonesia, said that will support Fasset’s efforts …
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While the bear market managed to dent a few aspirations, the story for Bitcoin adoption is quite the opposite. The Bitcoin Collective and OKX- a popular Bitcoin and cryptocurrency platform, are teaming up to launch the first global Bitcoin conference to happen in the UK. The event will take place at the Assembly Rooms on …
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Meltem Demirors, Chief Strategy Officer at CoinShares, believes that Bitcoin (BTC), the leading cryptocurrency, will hit new all-time highs during the next 24 months, despite the fact that Bitcoin (BTC) may yet have more chances to fall. Buy the Dip Now Your capital is at risk. Bitcoin Follows a Repetitive Cycle During an appearance on …
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