According to local news outlet LaPresse on Wednesday, the Caisse de dépôt et placement du Québec (CDPQ), an institutional investor chartered with managing retirement assets in Canada’s predominantly French-speaking province of Quebec, wrote off almost the entirety of its CA$200 million ($154.7 million) investment in troubled cryptocurrency lender Celsius Network. The move came just ten …
Monthly archives: August 2022
3 strategies investors might use to trade the upcoming Ethereum Merge
The Ethereum network’s long-awaited transition from proof-of-work to proof-of-stake is set to occur from Sept 15 to 16 and for the last year, traders and analysts have been discussing various outcomes for the upgrade and possible trading strategies. Let’s take a look at three options investors and traders have. Hodl ETH to earn the expected …
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Celebrities called out for shilling NFTs: Nifty Newsletter, Aug 10–16
In this week’s newsletter, read about how Justin Bieber, along with other celebrities, was called out to disclose their connections to nonfungible token (NFT) firms. Check out the market performance of blue chip NFTs and how NFT games have an advantage over traditional gaming business models. In other news, learn about how OpenSea is implementing …
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Economic design changes will affect ETH’s value post-Merge, says ConsenSys exec
As the Ethereum Merge draws near, many are speculating on its economic effects. To provide a clearer view to those who anticipate the major upgrade, Lex Sokolin, the head economist at ConsenSys, shared his insights in an interview with Cointelegraph. The expert discussed the effect of the Merge on users, developers and businesses. Additionally, Sokolin …
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Shiba Inu (SHIBUSD ) Price Decreases By 4.5%, Tamadoge Increases
The bulls’ are dominating Shiba Inu SHIBUSD Price Analysis – August 17 In case the bears defend the resistance level of $0.000016, Shiba Inu may reverse and penetrate $0.000015 downside, $0.000013 and $0.000012 may be tested. Further increase in the bulls’ momentum may break up $0.000016 and the resistance level of $0.00001 and $0.000018 may …
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Safe partners with NFTfi to initiate NFT rights management wallet
Safe, a virtual asset manager, has collaborated with NFT lending platform NFTfi. The partnership will birth a new product for non-fungible token owners and offer additional value to digital assets. NFTfi and Safe confirmed the partnership in separate press releases. The new product, the NFT rights management wallet, is devised to enable users of the …
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What is Dogechain? The Reason Behind DogeCoin’s Massive Rally
TL;DR The leading meme coin, $Doge, is expanding its utility with the launch of the blockchain platform Dogechain. Dogecoin holders can bridge their holdings to Dogechain and interact with the networks DeFi Apps and potential future NFT marketplaces. Meme coins like Dogecoin and Shiba Inu rallied yesterday, with Dogecoin going up 15% in just 24 …
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Court grants Celsius approval to sell Bitcoin profit
Embattled crypto lender Celsius has obtained court approval to sell proceedings from its Bitcoin operations for other business investments. Since the inception of the firm’s bankruptcy proceedings, Bitcoin mining has been a controversial topic between the firm and its league of creditors. The latest development occurred during the second day hearing of Celsius’s bankruptcy proceedings. …
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Houston Texans partners with BitWallet for crypto payment
American Professional Football team, Houston Texans, has partnered with Houston-based crypto exchange, BitWallet. The football team made this revelation via a post on its official web page. According to the announcement, BitWallet will become the official digital currency Wallet of the Houston Texans. In what Houston Texans described as an ‘exclusive partnership,’ the collaboration will …
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Columbia moves to explore CBDC
The Columbia government has commenced plans to launch a Central Bank Digital Currency (CBDC). Colombia’s tax agency director, Luis Carlos Reyes, made this known in a media statement on Tuesday. According to him, the state’s new leadership is working on plans capable of improving the payment system. This, according to him, prompted the decision to …
Solana Price Prediction for Today, August 17: SOL Retraces in Ranges
Solana Price Prediction – August 17A long-holding of the SOL/USD market operation below the $50 resistance line has degenerated into the situation, seeing the crypto’s price retraces in ranges as of the moment. The market is trading between $44.71 and $41.06 at an average rate of -418%. Solana (SOL) Statistics:SOL price now – $41.31SOL market …
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DeFi Yield Protocol (DYP) Anticipates Metaverse Platform Launch With Listings on Coinbase, Huobi and MEXC
August 17, 2022 – Bucharest, Romania DeFi Yield Protocol (DYP) announced listings on several industry-leading exchanges including Coinbase, Huobi Global and MEXC. This is just one of the many developments in the project’s fast-paced evolution, including its upcoming metaverse platform, where users will get to interact with Cats and Watches Society (CAWS) NFTs. Moreover, DYP …
Top Crypto Analyst Warns Ethereum (ETH) Rally Likely To Fail This Month – Here’s Why
Popular crypto analyst Justin Bennett isn’t sold on the recent Ethereum (ETH) rally yet because he thinks crypto is still in a bear market. In a new YouTube video, Bennett tells his 11,200 subscribers that he expects new lows later this year for ETH because its chart is flashing a bearish signal. “So the Ethereum …
Another crypto CEO steps down as Genesis Trading restructures leadership
Michael Moro, CEO of Digital Currency Group’s market maker and lending subsidiary Genesis Trading, has become the latest executive to step down from a leadership role at a crypto company amid the market downturn. In a Wednesday announcement, Genesis said Moro will leave his position as the company’s CEO, a role in which he worked …
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Ethereum Foundation clarifies that the upcoming Merge upgrade will not reduce gas fees
According to a new clarification by the Ethereum Foundation on Wednesday, the network’s upcoming proof-of-stake transitory upgrade — dubbed the “Merge,” — will not reduce gas fees. Regarding this, the Ethereum Foundation wrote: “Gas fees are a product of network demand relative to the network’s capacity. The Merge deprecates the use of proof-of-work, transitioning to …