The U.S. Federal Reserve Board has said it has released the final guidelines which are set to be used by Reserve Banks when “reviewing requests to access Federal Reserve accounts and payment services.” According to the board, the final guidelines will become effective as soon as they are published in the Federal Register. New Guidelines …
Monthly archives: August 2022
Price Prediction For FET/USD For 16th August: Fetch.ai Bulls Are Dominating The Market
There was a fierce struggle between the buyers and the seller on the 14th of August which ended in favour of the sellers. The daily trading session on the 14th of August suggests the buying pressure recovered, pushing the price closer to its starting point. Then on the 15th, which was the following day, buying …
BitMEX Founder Arthur Hayes Says Crypto Traders Should Prepare To Buy Ethereum Dip – Here’s When
Former BitMEX CEO Arthur Hayes says Ethereum (ETH) is likely primed for a corrective move in the coming weeks regardless of the outcome of its upcoming update. In a new blog post, Hayes argues that if The Merge is unsuccessful, the leading smart contract platform could witness a sharp decrease in price. “If The Merge …
Law enforcement should give up trying to access everyone’s data, says legal expert
While some think the Tornado Cash ban may negatively impact other projects focusing on privacy, others believe that these projects will keep pushing forward and keeping their commitments to anti-censorship and decentralization. In an interview with Cointelegraph, Ahmed Ghappour, the general counsel at the privacy-focused project Nym Technologies, shared insights on the importance of privacy …
3 cloud providers accounting for over two-thirds of Ethereum nodes: Data
The majority of 4,653 active Ethereum (ETH) nodes are in the hands of centralized web providers like Amazon Web Services (AWS), which could “expose Ethereum to central points of failure,” according to crypto analytics platform Messari. An Aug.15 post shows that three major cloud providers account for 69% of hosted nodes on the Ethereum Mainnet, …
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Aussie asset manager to offer crypto ETF using unique license variation
Australian asset manager Monochrome Asset Management has landed the country’s first Australian financial services license (AFSL) for a spot crypto exchange-traded fund (ETF). Speaking to Cointelegraph, Jeff Yew, CEO of Monochrome Asset Management, said the AFSL approval is significant, as until this point, approved crypto ETFs in Australia only operate under general financial asset authorization …
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Crypto ad spending may be down, but awareness remains critical: Experts
Crypto television advertising spending has reportedly fallen off a cliff in the United States, reflecting the current state of the markets. However, that’s no excuse to take a break, two crypto firms tell Cointelegraph. A Wednesday report from Bloomberg highlighted that television ad spending among the largest crypto trading firms hit the lowest mark in over …
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Quant Daily Price Prediction for the 17th of August: QNT/USD Bulls Trying to Regain the Market
From early July, QNT/USD began to trend up and the price rose from $59.2 and consequently, was valued at $103.9 by the 15th of July. Then from the 16th of August, strong selling pressure prevented the coin from a further rise in value. But the selling pressure could not overpower the bullish move. This made …
Aid for Ukraine’s $54M crypto fund buys vests, scopes, and UAVs
The crypto community has poured in an impressive $54 million worth of crypto funds through “Aid For Ukraine,” aimed at supporting the country’s military efforts against Russia, the Ukrainian Deputy Prime Minister has revealed. The $54 million has been funneled in through the Ukrainian government-run initiative ‘Aid For Ukraine’, according to Ukraine’s Deputy Prime Minister …
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CBDCs only solution to ‘smooth continuation’ of the monetary system: ECB
The European Central Bank (ECB) says the introduction of digital cash in the form of central bank digital currencies (CBDCs) appears to be the “only solution” that will guarantee a “smooth continuation” of the current monetary system. The comments were made as part of an ECB Working Paper Series, which was published in August, discussing monetary …
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Ontario crypto exchanges impose $30K annual limit on altcoin buys
Canada-based crypto exchanges Bitbuy and Newton are enforcing a 30,000 Canadian dollars annual “buy limit” for “restricted coins” for their users based in Ontario in order to “protect consumers” amid tightened regulations. Newton, a Toronto-based crypto exchange announced the new changes come after working on getting registered with the Ontario Securities Commission and the securities regulatory authorities …
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AFL’s first limited-edition NFT drop sells out in under 12 hours
The Australian Football League (AFL)’s first limited edition drop of non-fungible tokens (NFTs) saw huge takeup on Wednesday, selling out in just under 12 hours. On Aug. 17, the football league launched “Ripper Skipper 2022” through its AFL Mint program, allowing people who joined the “allowlist” to purchase one of 3,800 packs reserved for the …
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Cross The Ages and Immutable collaborate to launch P2E collectible card game
The mobile collectible card game Cross the Ages (CTA) has partnered with blockchain gaming giant Immutable X to utilize its Layer-2 scalability solution to launch the initial trading card game. The game has been in development for nearly two years. It is being built by a team of over 70 international artists, who include Joshua …
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British Fintech Revolut Granted Crypto License in Cyprus
U.K.-based digital bank Revolut has been authorized by Cyprus to provide cryptocurrency services to millions of customers on the Old Continent. The fintech firm says the regulatory approval will allow it to establish a European crypto hub in the island nation. Revolut to Expand Crypto Services for Europeans From Cyprus A leader in the neobank …
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Chainalysis: Illicit Crypto Activity Falls — Scam Revenue 65% Lower Than Last Year
Chainalysis has found that illicit crypto volumes are down this year, with total scam revenue sitting at $1.6 billion, 65% lower than where it was through the end of July last year. “Those numbers suggest that fewer people than ever are falling for cryptocurrency scams,” the blockchain data analytics firm wrote. Data Shows Illicit Crypto …