The economist and gold bug Peter Schiff usually has a lot to say, and this past week Schiff explained during an interview that he believes the U.S. will face a financial crisis worse than 2008’s ‘Great Recession.’ Schiff explains that the U.S. has a lot more debt than it did back then, and insists America’s …
Monthly archives: August 2022
Crypto Economy’s Top Privacy Coins Take a Hit After US Government Banned Tornado Cash
Following the U.S. government prohibiting the use of the ethereum mixing service Tornado Cash, the crypto economy’s top privacy coins lost more than 8% in USD value the following evening after the ban announcement. The top privacy coins like monero and zcash managed to recover the losses two days later, but during the last 24 …
․bit Raises $13M to Build Cross-Chain Decentralized Identity Protocol
sponsored .bit (did.id) has raised $13 million to build a cross-chain decentralized identity protocol. The Series A round, completed one year after the startup’s launch, was from CMB International, HashKey Capital, QingSong Fund, GSR Ventures, GGV Capital, and SNZ. .bit’s open-source blockchain protocol will provide permissionless decentralized identification for individual users and DAOs. Over the …
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KNC/USD Daily Price Forecast For The 15th of August: Bulls, Trying to Resist Pressure
Yesterday the selling pressure was considerably high which resulted in a very bearish market. Today, sellers open the session with very high expectations. The buying pressure appear to have suspended the market’s bearishness. Today’s bullish activities may trigger an uptrend as it appears that bulls are taking over. For now, the price holds at $1.6588. …
Fidelity Macro Expert Says Stablecoins Could Accelerate Bitcoin (BTC) Adoption – Here’s How
A top executive at Fidelity Investments says that dollar-pegged crypto assets could help drive up the rate of Bitcoin (BTC) adoption. In a new interview on the Crypto Banter YouTube channel, Fidelity’s director of global macro Jurrien Timmer says that favorable stablecoin regulation could act as a catalyst for Bitcoin adoption. “If stablecoins are regulated …
UN Urges Developing Countries To Restrict Adoption of Crypto, Citing Risks to Financial and Social Stability
An intergovernmental body of the United Nations (UN) established to promote the interest of developing countries is asking emerging markets to curb the adoption of crypto. The United Nations Conference on Trade and Development (UNCTD) warns that the adoption of crypto in developing countries can jeopardize financial stability, domestic resource mobilization and the security of …
Ethereum, Binance Coin and Two Additional Altcoins Have Limited Upside, Warns Top Crypto Trader
A closely tracked analyst is warning crypto traders that the rallies of Ethereum (ETH), Binance Coin (BNB) and two other altcoins could soon hit a pit stop. Pseudonymous analyst Altcoin Sherpa tells his 181,300 Twitter followers that the market structures of Ethereum, Binance Coin, Near Protocol (NEAR) and Cosmos (ATOM) look similar, and all appear …
Email Marketing Company Mailchimp Suspends Services for Crypto-Related Customers Amid Security Threats
A prominent email marketing firm is suspending its services for crypto customers due to what it deems as a security threat. According to a new blog post, Mailchimp has temporarily shut down crypto-related accounts in response to several types of attacks targeting digital asset firms. “Across the tech industry, malicious actors are increasingly deploying an …
Law Decoded, Aug. 8-15: In the eye of Tornado Cash
Summer is still on, harvesting the fresh names for its list of the crypto companies in deep trouble. This time, the trouble came not from the market or management but from the United States Treasury Department. The regulator has added more than 40 cryptocurrency addresses allegedly connected to crypto mixer Tornado Cash to the Specially …
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Canadian regulatory council creates new preregistration filing for crypto platforms
The Canadian Securities Administrators (CSA), the council of provincial and territorial securities regulators, announced Monday that crypto trading platforms will be expected to provide a preregistration undertaking to their principal regulators as they take steps to comply fully with securities regulation. Two platforms, Crypto.com and the Canadian platform Coinsquare Capital Markets, have already filed those undertakings. …
Price analysis 8/15: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX
Bitcoin (BTC) has been witnessing a tough battle between the bulls and the bears near the $25,000 level. A clear winner may not emerge in the short term due to a lack of a catalyst and because there is no major macroeconomic data scheduled for this week in the United States. Data points from Asia …
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Exit stage left: Eqonex to close crypto exchange after two years
Nasdaq-listed digital asset investment firm Eqonex has announced it will be exiting the “crowded crypto exchange space” by shuttering part of its operations. In a Monday announcement, Eqonex said it will close trading on its crypto exchange on Aug. 22, with users allowed to withdraw funds until Sept. 14. The firm said the closure was …
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Why Celphish Finance Could Benefit Users Of Enjin Coin & Theta Network
If you ask a five-year-old what NFTs are, you shouldn’t be surprised if they know exactly – Nonfungible Tokens. That’s how popular NFTs now are. In the crypto world, they are the latest blockchain innovation offering users more than a taste of the future. There are NFT crypto coins like Enjin Coin (ENJ) and Theta …
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Bitcoin (BTC) Takes Support from $23,881 as Tamadoge Heads to the North
The Bitcoin price prediction reveals that BTC may break out of the current short-term pattern and move above the $25,000 level. Bitcoin Prediction Statistics Data: Bitcoin price now – $24,248 Bitcoin market cap – $462.8 billion Bitcoin circulating supply – 19.1 million Bitcoin total supply – 19.1 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term …
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Will Ethereum Price Reach $3k Before Merge? 3 Reasons to Buy Ethereum and Tamadoge
Ahead of Merge, the investors are wondering will Ethereum price reach $3k? According to CoinMarketCap statistics, Ethereum (ETH) has dropped 3.6% in the previous 24 hours and is now trading at roughly $1,906.84. The most recent price movement comes only 48 hours after Ethereum, the industry’s second-largest cryptocurrency by market capitalization, broke beyond $2,000 for the …