Social metrics indicate the crypto community isn’t embracing the latest market rebound, according to the analytics firm Santiment. Santiment reports that the frequency of “sell” mentions on Twitter, Reddit and Discord has hit a two-month high despite the recent modest price increases for Bitcoin (BTC) and most of the crypto market. Source: Santiment Says the …
Monthly archives: August 2022
Bitcoin battles 2-month resistance amid ‘most hated’ stocks rally
Bitcoin (BTC) pierced the top of a stubborn trading range on Aug. 11 as a decidedly awkward rally took hold of risk assets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin retracement warnings intensify near $25,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting highs of $24,750 on Bitstamp, marking its best performance …
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Mark Cuban faces class action lawsuit for promoting Voyager crypto products
Mark Cuban, the billionaire entrepreneur who has been quite active in the crypto ecosystem for the past year, is facing a class-action lawsuit over his promotions of the bankrupt crypto brokerage firm Voyager Digital. The Moskowitz Law Firm filed a civil suit in the United States District Court in Southern Florida against Cuban for promoting Voyager’s …
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NFTs and intellectual property, explained
Some of the biggest NFT collections out there right now — Bored Ape Yacht Club among them — have given full intellectual property rights to users. This is a significant (and you could argue a very generous) development. It effectively means that those who own Bored Ape NFTs have the potential to profit from them. …
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Voyager Digital Promotion Leaves Mark Cuban Facing Legal Action
Mark Cuban has been sued for an alleged role in promoting Voyager Digital. The lawsuit alleges that Cuban made multiple statements that were proof of his role in promoting what the filing calls a Ponzi scheme. Voyager CEO and co-founder Stephen Ehrlich is also a defendant. Billionaire entrepreneur Mark Cuban is being sued, according to …
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Derivatives Protocol DyDX Blocks User Accounts Linked With Sanctioned Ethereum Mixer App Tornado Cash
DyDX has blocked user accounts linked with Tornado Cash DyDX has joined a growing list of platforms who have been actively blocking user accounts of people who had earlier been in contact with sanctioned Tornado Cash app In an updated blog post, derivatives protocol DyDX has confirmed that it has banned certain user accounts that …
FTC to probe BitMart over December 2021 hack
The U.S. Federal Trade Commission (FTC) opened an investigation on BitMart on August 11 over a hack from December 2021 after BitMart’s operators — Bachi.Tech and Spread Technologies LLC. — refused to disclose information the FTC requested. Representatives of BitMart did not respond to requests for comment at the time of writing. Background to the …
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Coinbase staking product under SEC investigation
Coinbase confirmed that the U.S. SEC is investigating some of its products, including staking. The exchange disclosed this information in its quarterly report stating, “The Company has received investigative subpoenas and requests from the [U.S. Securities and Exchange Commission] for documents and information about certain customer programs, operations, and existing and intended future products, including …
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Developers write code to protect NFT projects from the ‘Aoki Curse’
Azuki developer Cygaar_dev has jokingly written code that would prevent Steve Aoki from buying NFT projects — to avoid the “Aoki curse.” NFT project owners, tired of @steveaoki buying into your project and dropping the floor? Here’s a couple lines of code you can add to your contract to prevent this from happening. With this …
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Ethereum spikes 12% following completion of Goerli testnet merge
Ethereum’s (ETH) Goerli testnet completed its merge with the proof-of-stake consensus mechanism in the early hours of August 11. The Goerli testnet has been successfully merged and is now a full Proof of Stake chain. Next up is (finally) the Ethereum mainnet!! The Merge is coming 🐼 — sassal.eth 🦇🔊🐼 (@sassal0x) August 11, 2022 Goerli …
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How to practice better “digital hygiene” to keep your wallet secure when interacting with web3
CryptoSlate’s Akiba speaks to Lukas Schor, Co-Founder of Safe (formerly Gnosis Safe), at EthCC[5] about the future of web3. The interview covers digital hygiene, the web3 user experience, the road to mass adoption, the power of multi-sig wallets, pre-paid gas fees, signing messages, and more. 14 min watch Updated: August 11, 2022 at 1:56 am …
Flutterwave Kenya License Controversy: Fintech Giant Reportedly Applied in 2019
The Nigerian fintech unicorn, Flutterwave, reportedly said it submitted an application for a payment service provider license to the Central Bank of Kenya back in 2019. The fintech also said it has remained in constant contact with the central bank and is hopeful it will get the license. CBK Allegations The Nigerian fintech giant Flutterwave …
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Ripple Labs Is ‘Interested’ in Bankrupt Crypto Lender Celsius and Its Assets, Company Spokesperson Says
According to a Ripple Labs spokesperson, the distributed ledger company is interested in learning about the bankrupt crypto lender Celsius and its assets. When Ripple’s spokesperson was asked if the blockchain firm was interested in acquiring Celsius, the company declined to say. The news follows Celsius customers begging the bankruptcy court to release funds over …
Moroccan Capital Markets Regulator Launches Fintech Portal
The Moroccan Capital Market Authority (AMMC), the capital markets regulatory body in Morocco, announced recently that it has launched a fintech portal on its website. The new portal has been created in order to facilitate exchanges between the regulator and “companies involved in the innovative financial technology sector.” Portal to Help Promote Development of New …
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Bank of England Analysts See Crypto Having Important Roles in the Metaverse — Discuss the Need for Regulation
Bank of England’s analysts say crypto assets could have important roles within the metaverse. “Widespread adoption of crypto in the metaverse … would require compliance with robust consumer protection and financial stability regulatory frameworks,” they added. Bank of England’s Analysts on the Metaverse, Crypto, and Regulation Bank of England’s economist Owen Lock and policy analyst …