Monthly archives: August 2022

Flare Network and Lena Instruments launch new crowdfunding mechanism

Interoperability-focused blockchain Flare Network has partnered with software infrastructure firm Lena Instruments to implement a crowdfunding mechanism that lowers the risks associated with startup investing.  Lena Instruments announced what it called a “CloudFunding” launchpad, which lets Flare investors allocate a percentage of the rewards that they earned to investments in new crypto startups without moving …

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‘We need to learn what regulation works and what holds us back’ — Hedge fund exec

With more institutions joining the Web3 space, regulation has been identified as one of the trickier challenges that can either smother creativity or become a catalyst to broader adoption.  In an interview with Cointelegraph, Jaime Baeza, the CEO of crypto hedge fund ANB Investments, shared the challenges of managing funds in the crypto space, opportunities …

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Russian PM takes cue from Iran’s crypto payment permit for imports

Russia may soon be taking a cue from Iran by using cryptocurrencies for imports, according to commentthe Russian prime minister. The adoption of digital assets is necessary as a “safe alternative” for cross-border payments, Russian Prime Minister Mikhail Mishustin declared at a strategic session on the development of the domestic financial system on Tuesday. The …

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Avalanche Price Analysis for 30th of August: AVAX/USD May Be at the Beginning of an Upswing

AVAX/USD has been trending down until it reached the support level of $18.5305. It was at this point it changes its direction; trying to reach up to a higher price level. Looking at today and yesterday’s (that is 30th and 29th) price actions, the candlesticks shows increase in the buying pressure. As the market opened, …

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Terra Classic Price Analysis for 30th of August: LUNC/USD May Be Preparing for a Price Rebound

From the 20th of August to the 22nd of August, three significant candlesticks mark the end of the downtrend for  LUNC/USD. The three consecutive candlesticks were dojis. Dojis mean a sign of market deadlock. For those three days, the forces of demand and supply kept the market static. This was the point at which buying …

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Bitkub CTO Slammed With $230,000 Fine For Insider Trading

Summary: Thailand regulators have issued a fine to Samret Wajanasathian, the Chief Technology Officer of local crypto exchange Bitkub. Wajanasathian purchased tokens with inside information shortly before the exchange announced a major acquisition, per reports. The CTO allegedly bought $60,000 worth of KUB tokens as acquisition talks were ongoing. Thai’s SEC labeled the action as …

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Solana (SOL) vs. Ethereum: Analyst Pits ETH Against One of Its Biggest Competitors

A popular crypto analyst is examining how one upstart blockchain designed for scalability compares to the leading smart contract platform. In a new video, the anonymous host of InvestAnswers provides his 444,000 YouTube subscribers with a detailed analysis comparing Ethereum (ETH) with rival Solana (SOL). The host first considers technical metrics as transactions per second …

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Rich Dad Poor Dad Author Warns ‘Triple Bubble’ Crash Is Here, Says Millions Will Be Wiped Out

Rich Dad Poor Dad author Robert Kiyosaki warns that the US economy is facing down the massive headwinds of a “triple bubble.” Kiyosaki tells his 2.71 million YouTube subscribers that the US is currently facing a real estate bubble, a stock market bubble and a bond bubble simultaneously. Says the popular investor, “2008 was [a] …

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Singapore state investor leads $100M round for crypto firm Animoca: Report

The venture capital market of the cryptocurrency industry is holding strong despite the crypto winter as major government-linked firms reportedly continue betting on big industry players. Singapore state-owned investment firm Temasek is joining a $100 million funding round for the blockchain and venture studio Animoca Brands, Bloomberg reported on Tuesday. According to the report, Temasek …

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Wanted Turkish crypto exchange founder detained in Albania

The saga of the defunct Turkish crypto exchange, Thodex, continues as its fugitive founder is now in custody in Albania. Local law enforcement detained Faruk Fatih Özer in an operation carried out at 05:30 AM (UTC) on Tuesday, Aug. 30, in the country’s capital city Tirana. According to a report by Cointelegraph Turkey, Özer is currently …

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Fireblocks launches Web3 Engine support on Solana

Digital asset custody platform Fireblocks has launched support for Solana, giving its thousands of users access to the developer network’s applications and infrastructure.  Beginning Tuesday, Fireblocks users will have direct access to Solana’s various decentralized finance (DeFi) and Web3 applications — a move the company says will directly benefit “alternative asset managers” and “capital market …

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Aave community proposes to temporarily suspend ETH lending before the Merge

With the Ethereum Merge on the way, the risk research and analysis team Block Analitica proposed a temporary pause in Ether (ETH) borrowing to mitigate the risks which may lead to a decentralized finance (DeFi) implosion in the Aave lending protocol during the Merge.  The team pointed out the potential issue of high ETH utilization …

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Big Eyes Coin To Compete With Crypto Giants Solana and The Sandbox

Meme tokens are cryptocurrencies that are designed with humor. They have the potential to spread across the internet like wildfire. Some of them have gained the attention of celebrities who sometimes join the community. In turn, the token continues to receive more hype and popularity. In the past, these tokens have given investors exponential returns on …

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Huobi Token (HT) Up 11% in Seven Days: Here’s Why

Despite the market’s bearish sentiment, the Huobi Token (HT) coin has extended its bullish rally and drawn some strong bids around the $15 mark as part of its all-inclusive Prime Membership Program. Even though the major cryptocurrencies are trading in the red, the Huobi Token (HT) coin has extended its upward rally and gained significant …

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Iran Allows Crypto To Be Used As Payment for Imports

Iran has passed regulation that would allow cryptocurrencies to be used as payment for imports. The country has already conducted one such transaction, which was reportedly worth $10 million. Some have said that Iran is using cryptocurrencies to circumvent the sanctions imposed by the United States government. The government of Iran has given businesses approval …

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