European Securities and Markets Authority (ESMA) Chair Verena Ross says that the crypto market crash should be a “cautionary lesson” for investors. She noted that there is a “real question” about whether many crypto assets will survive. ESMA Chair on Crypto Risks and Regulation Verena Ross, chair of the European Securities and Markets Authority (ESMA), …
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press release PRESS RELEASE. Adshares (ADS) is putting another stake in Metaverse’s advertising territory through a partnership with Sandbox (SAND). The long-awaited partnership by the Adshares community has finally come to a head. The official partnership will bring the two projects closer, in order to jointly devise a clear and transparent path for the development …
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Crypto-focused internet browser Brave has announced the addition of Solana-based decentralized applications (dApps) in its version 1.41 platform. This will provide more opportunities for more accessible ways for Web3 and decentralized finance. Cryptocurrency music app Audius and Solana marketplace Magic Eden are among the most popular dApps in the Solana ecosystem. However, only the browser’s …
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Leading blockchain and crypto solutions provider Ripple has announced a partnership with trading platform CrossTower to add XRP Ledger non-fungible tokens CrossTower NFT platform. This is coming three months after cross-chain bridge Allbridge added support for the XRP Ledger, making it the 14th chain added to the platform. According to the announcement, the partnership will …
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Crypto lending platform Celsius confirmed on July 13 that it has initiated Chapter 11 bankruptcy proceedings in the Southern District Court of New York. The announcement was shared on the company’s Twitter and shared with account holders via email on July 13, with a vow to “emerge from Chapter 11 positioned for success in the …
Continue reading “Celsius vows to return from bankruptcy but expert fears repeat of Mt Gox”
Litecoin attempted to rise on its chart, however, the bears were still strong on the chart. Although the coin showed some recovery, technical outlook pointed towards further decline. Bitcoin too has lost steam as the coin plunged below the $20,000 mark. Broader market weakness can be attributed to Litecoin’s downward price movement. Closest support line …
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The US consumer price index, a comprehensive indicator of prices for goods and services used in daily life, increased to 9.1% over the previous year. The traditional and cryptocurrency markets have collapsed as a result of this announcement. Prices for the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), fell by almost 5%. It didn’t …
Talk around the Cardano (ADA) Vasil hard fork has been circulating in the crypto space for the last month. The hard fork which was supposed to go live back in June had been rescheduled to July due to security issues but that has in no way reduced the enthusiasm around the hard fork. The new …
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Crypto research firm Nansen published a report shared with NewsBTC, on non-fungible tokens (NFTs) and their performance amid the persistent bearish trend across the industry. NFTs have been a hot sector since 2021 as they facilitated broader adoption of digital assets but have taken a toll as Bitcoin and other cryptocurrencies trend to the downside. …
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For the month of June 2022, the US Bureau of Labor Statistics published its Consumer Price Index. The Negative CPI was found to be 9.1%, the largest inflation increase in the US in the previous 40 years. The Federal Reserve’s monetary policy is determined by the CPI, which is a reliable indicator of inflation. Negative …
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The US Securities and Exchange Commission (SEC) is still hesitant to approve a spot Bitcoin exchange-traded fund (ETF). The regulator has postponed the deadline to approve or reject the ARK 21Shares Bitcoin ETF. The new date for this decision has been set at August 30. SEC postpones decision for ARK 21Shares spot Bitcoin ETF The …
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The US Treasury has said that launching a central bank digital currency (CBDC) can boost the banking sector’s stability. The data was shared as part of a research paper released on Tuesday by the institution’s department of Financial Research. US Treasury advocates for a CBDC This report comes amid concerns that a CBDC could trigger …
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The European Commission Bank (ECB) has advocated for a ban on cryptocurrency mining. The European central bank is now advising lawmakers based in the EU to regulate the buzzing cryptocurrency market. Presight Capital, a crypto venture advisor, explained the details of the report shared by the ECB, focusing mainly on what the institution deems to …
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The Ethereum Merge is slated to happen later this year. The Merge is an eagerly-awaited process by the Ethereum community, as it will see the network transition from a proof-of-work consensus to proof-of-stake. Institutional investors have expressed notable interest in Ethereum as the Merge nears. Ethereum’s transition to PoS is expected to threaten Bitcoin’s dominance …
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Crypto lending platform Celsius has reportedly filed for Chapter 11 bankruptcy, with its lawyers starting to notify individual U.S. state regulators as of Wednesday, July 13. The news was reported by CNBC and referred to an unnamed source, who asked not to be named as the proceedings were private. They said that the company planned …
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