The European Central Bank, or ECB, laid the foundation for the criteria it would be considering when harmonizing the licensing requirements for crypto in Europe. In a Wednesday statement, the ECB’s banking supervision division said it would be taking steps to regulate digital assets given “national frameworks governing crypto-assets diverge quite extensively” and seemingly differing …
Continue reading “European Central Bank addresses guidance on licensing of digital assets”
The United States Federal Reserve Board issued a letter Tuesday to its supervisory officers, staff and the banks they supervise regarding activities with crypto assets. The letter covers the preliminary steps a bank must go through before engaging in activities with crypto and instructs banks to notify the board before proceeding with those activities. The …
The Bitcoin price prediction shows that BTC Bears are trading below the moving averages as the coin touches $23,180 support. Bitcoin Prediction Statistics Data: Bitcoin price now – $23,375 Bitcoin market cap – $445.5 billion Bitcoin circulating supply – 19.1 million Bitcoin total supply – 19.1 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: …
Continue reading “BTC Bears Could Demolish $23,000 Support as Tamadoge Corrects Upward”
The Ethereum Name Service (ENS) has reached a milestone of 2 million “.ETH” addresses minted. The landmark comes just three and half months after the service reached 1 million addresses. ENS addresses allow users to link a human-readable domain ending in “.ETH” to their wallets. Domains such as “beer.eth” can be used to send crypto …
Continue reading “ENS reaches 2 million names created – top holder owns 35k domains”
The founders of LunarCrush Joe Vezzani and Jon Farjo talk about the value LunarCrush provides and its new suite of DeFi products. 20 min watch Updated: August 17, 2022 at 11:10 pm [embedded content] In the second part of Cryptonites‘ interview with Joe Vezzani and Jon Farjo from LunarCrush, the founders of the social analytics …
Continue reading “LunarCrush is building a DeFi suite to give more value to its community”
In the spirit of transparency, Ukraine’s Ministry for Digital Transformation has published a financial report detailing how it spent the $54.6 million worth of funds raised from the crypto community. Ukraine’s Minister for Digital Transformation Mykhailo Fedorov shared the report in a tweet on Aug. 17, with most of the expenditure going in support of …
Continue reading “Ukraine spent over $38M of donated crypto funds on military equipment”
A recent Twitter spat between Tesla and SpaceX CEO Elon Musk and MicroStrategy’s Executive Chair Michael Saylor prompts the question of whether Bitcoin is a better buy than Manchester United. Musk recently prompted a Twitter meltdown after saying that he was buying crisis-hit Manchester United. In response, MicroStrategy’s Executive Chair Michael Saylor said, “we would …
On Wednesday the Ethereum Foundation clarified that The Merge will not reduce onchain fees as the highly anticipated transition from proof-of-work (PoW) to proof-of-stake (PoW) is now 29 days away. Amid The Merge update from the Ethereum Foundation, during the last month, Ethereum network costs have printed some of the lowest onchain fees since 2020. …
Continue reading “Ethereum Foundation Makes It Clear The Merge Will Not Improve Fees and Throughput”
On August 16, the crypto lender Celsius Network has been approved by a bankruptcy court judge to sell bitcoin the company previously mined to continue funding specific operations. The following day, the company’s attorney detailed that Celsius has been offered cash injections, but the lawyer did not disclose who offered the funds and how much …
While the ongoing war in Ukraine continues, the Ministry of Economic Development of the Russian Federation detailed this week that Russia’s economic hardships are less severe than expected. Russia’s economic ministry says that the economy’s gross domestic product (GDP) is estimated to drop by 4.2% this year and Russia’s inflation won’t be as elevated as …
press release PRESS RELEASE. PIXXSTASY, a charity project for drug prevention and rehabilitation, is redefining the NFT market. The organization will sell 399 limited edition NFTs this year and use the proceeds to support charities involved in anti-drug campaigns and drug recovery programs around the world. Operating under the taglines “BE A HEALER” and “DON’T …
Coinbase chief product officer Surojit Chatterjee says he’s confident his exchange can beat out its top competitors. In a new interview on the Unchained Podcast, Chatterjee says competition is good for the crypto space and spurs innovation. “In terms of why we think we are in a good place, I think, first, our focus on …
Embattled crypto lender Celsius Network has reportedly been green-lighted to mine and sell Bitcoin (BTC) amid bankruptcy proceedings. Reuters reports that Martin Glenn, Chief Judge of the U.S. Bankruptcy Court for the Southern District of New York, has allowed Celsius to engage in Bitcoin mining despite concerns surrounding its recent struggles. Celsius has previously argued …
The chief executive of crypto exchange Kraken says that he’s still very bullish on Bitcoin (BTC) and that its improving fundamentals make it hard to bet against. In a new interview with Bloomberg Markets and Finance, Kraken CEO Jesse Powell says that he bought more BTC when it was around $18,000, and hopes it will …
The Federal Reserve Bank is revealing the final rules that will guide how crypto banks can apply for and get master accounts. A master account is the record of the account holder’s financial rights and obligations with respect to the administering reserve bank. The Federal Reserve bank says that the level of scrutiny or due …
