CEL holders are attempting to fight off short positions and pull off a short squeeze. The token has rallied to $1.89 at the publishing, spiking noticeably over the past few days. A Canadian regulator is also reportedly investigating the company. There is more drama ensuing regarding Celsius Network as holders are fighting against short positions. …
Continue reading “A Twitter-Driven Short Squeeze Propels Celsius’ CEL Token”
Nuri, a crypto startup bank based in Germany, has filed for bankruptcy. The firm had around 500,000 customers before this filing. It attributed the decision to the crypto bear market and the liquidity issues other crypto companies such as Celsius faced. Nuri crypto bank files for bankruptcy In the official statement, Nuri said that the …
The Ethereum Merge slated to happen in September is already receiving support from the crypto sector. The issuer of the USDT stablecoin, Tether, has already confirmed it will support the Merge. Tether announces support for Ethereum Merge Shortly after the issuer of the USDC stablecoin, Circle, announced that it would support Ethereum’s transition to proof …
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A top crypto strategist is predicting sustained uptrends for a handful of altcoins including Cardano (ADA) and Chainlink (LINK). Michaël van de Poppe tells his 621,500 Twitter followers that smart contract platform Cardano appears to be gearing up for a fresh rally to the upside. “Looking for continuation as it has been testing the resistance …
Hardware maker Nvidia is ramping up its efforts to make a stand in the Metaverse. On Tuesday, the company revealed a new set of developer tools focused on metaverse environments, including new AI capabilities, simulations, and other creative assets. Creators utilizing the Omniverse Kit, along with apps such as Nucleus, Audio2Face and Machinima, will be able to …
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Monitoring price changes using charts is one way to stay updated on the market trends. However, technical or fundamental analyses and tracking other market metrics are not the only means of becoming a successful trader. For example, a disciplined approach that includes maintaining a trading journal would protect you from making emotional decisions concerning your …
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The Celsius (CEL) community has rallied on Twitter once again to fight off short positions against their favored crypto token despite multiple challenges faced by the exchange, including bankruptcy and rumors of the company’s CEO fleeing from the United States. Thousands of tweets with the #CelShortSqueeze tag have been posted on the social media platform, …
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The Department of Financial Protection and Innovation of California (DFPI) continues to bring actions against crypto interest account providers, failing to comply with the local law. After commanding BlockFi and Voyager to stop their offerings in the state, the DFPI issued a desist and refrain order to crypto lending firm Celsius. The order simply means …
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The cryptocurrency market has sagged a little after a brief spurt at the start of the week. It’s total value of $1.13 trillion represents a 3.5% dip in the past 24 hours, although it’s up by 3% in the past week and by 19% in the last 30 days. Most coins are down in the …
Continue reading “5 Next Cryptocurrency to Explode – August 2022 Week 2”
The ratio of Tether (USDT) on exchanges is up 20% in the last three months, according to Santiment data. 📈 The ratio of #Tether on exchanges has gone from 19.7% on May 9th to a whopping 42.0% three months later. This can be viewed as both a signal that traders have taken profits as prices …
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In a recent tweet, ErgoDEX announced it will rebrand to Spectrum on August 12. The post included a video trailer teasing its Cardano mainnet release. The project’s roadmap showed the team is currently working on the Cardano launch. This phase incorporates three milestones, testnet, bug fixes, then the Cardano mainnet launch. ErgoDEX → SpectrumThis Friday …
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While the previous bull market saw hundreds of play-to-earn games launched, only a few were able to maintain a steady user base as the market declined. This became apparent in July, when activity continued to fall. However, the trying market conditions also highlighted the handful of titles that managed to stand out. Splinterlands is one …
Continue reading “What’s changed in GameFi in the last month? – July Report”
The monetary authority in Australia is beginning research into the potential economic benefits of issuing a central bank digital currency. Within the project, the regulator hopes to identify use cases and intends to develop a limited-scale pilot. Central Bank of Australia Working on Digital Currency Program The Reserve Bank of Australia (RBA) announced the launch …
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Korean electronic goods producer Samsung Electronics recently signed a memorandum of understanding (MOU) with six companies that will collaborate to build the Galaxy NFT ecosystem. Galaxy NFT Ecosystem South Korean electronics maker, Samsung Electronics, recently signed a memorandum of understanding (MOU) with six companies to build the so-called “Galaxy NFT [non-fungible token] ecosystem,” a report …
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Authorities in Kazakhstan have launched an investigation into a mining hotel business suspected of being a crypto pyramid as part of an ongoing crackdown on illegal activities linked to cryptocurrencies. The platform, called Bincloud, lured investors through popular messaging apps. Bincloud Operators Kept 16% of Investors’ Funds for Themselves Amid intensified efforts to fight crypto-related …
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