Digital assets exchange Crypto.com is reportedly backing out of a sponsorship deal worth hundreds of millions of dollars with a prestigious soccer league in Europe. According to a new report by Sports Business, Crypto.com, a brand known for teaming up with sports companies, is no longer interested in collaborating with the Union of European Football …
Monthly archives: September 2022
BTC Remains Below $20,000; TAMA to the Moon!
The Bitcoin price sees a 0.51% decline after trading near the $20,000 resistance level, the cryptocurrency heads lower. Bitcoin Prediction Statistics Data: Bitcoin price now – $19,733 Bitcoin market cap – $378 billion Bitcoin circulating supply – 19.1 million Bitcoin total supply – 19.1 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily …
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Babylon Finance to Shut Up Shop After Rari Exploit Holes it Below the Water Line
Recently, Ramon Recuero, founder of Babylon Finance made it official, through his Medium blog post, that the DeFi platform will end its operation by the end of this year. This, as he comprehensively breaks it down, is a result of several factors, most of which were beyond the team’s control. With Babylon Finance shutting operations, …
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Rome’s Financial Volatility to Shock the Eurozone — Hedge Funds Bet $39 Billion Against Italian Debt
Hedge funds are betting against Rome’s liabilities as S&P Market Intelligence data indicates investors have amassed a $37 billion short bet against Italian debt. The hedge funds are betting large against Italian bonds and investors haven’t bet this high against Rome since 2008, as Italy faces political uncertainty, an energy crisis, and an inflation rate …
Argentinian Tax Authority Wins Landmark Case to Confiscate Funds From a Digital Account
The Argentinian Tax Authority (AFIP) has won a historic case to seize taxpayer funds from a digital account. The case, which was won in an appeal in the Federal Chamber of Mar del Plata, might bring about more seizures of this kind and include cryptocurrencies as part of a stricter policy of the organization. Argentinian …
‘No Middle Class Left,’ ‘Millions Will Be Wiped Out’ — Two Market Crash Predictions, Gas Cartels, and Whales Moving Mt Gox Coins: Bitcoin.com News Week in Review
In this week’s Bitcoin.com News Week in Review, one market strategist issues a dire warning about the U.S. economy and a large market crash that could cause a “50 to 60 percent haircut” in stocks. Further, the Russian government is reportedly making moves to create a global gas cartel with Iran. These stories, as well …
Everscale Foundation Officially Launches
press release PRESS RELEASE. Zug, Switzerland, September 4, 2022 – The Everscale Foundation has been officially registered as a non-profit organization to facilitate the growth of the Everscale network’s ecosystem, attract new developers, and further expand the international community. The Foundation’s mission is to remove barriers between Everscale and the external world. Back in late …
Algorand Price Analysis for 4th of September: ALGO/USD Skyrockets
On the 29th of August, a bullish engulfing candlestick pattern signals the end of ALGO/USD downtrend. The sellers made efforts to prevent the price from swinging in favour of the buyers as the next two days were taken by them. However, the bearish market momentum did not last as the market from the 1st of …
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Binance CEO Changpeng Zhao Says Top Exchange Is Not ‘Chinese Company’ Amid Accusations
Changpeng Zhao, CEO of Binance, is addressing what he says are attacks on the crypto exchange’s reputation. In a new blog post, the Chinese-Canadian billionaire says that Binance has been subject to multiple attempts to vaguely associate it with China and the Chinese government. “Anyone with even a rudimentary knowledge of corporate law or how …
Vitalik Buterin Makes Bitcoin Prediction for Year 2042, Says One Big Issue Awaits BTC
Ethereum (ETH) creator Vitalik Buterin has an idea for what the state of Bitcoin (BTC) will look like twenty years from now. In a new interview with economist Noah Smith, Buterin says that in the medium term, he thinks crypto assets will become about as volatile as gold or the stock market, moving away from …
Can the government track Bitcoin?
Apart from data analysis done alone or in cooperation with private companies, authorities may request information from centralized exchanges. Due to regulation, centralized exchanges may also be obligated to share such information. However, not all cryptocurrency exchanges collaborate with authorities. A centralized exchange is a cryptocurrency exchange that is run by a single entity, such …
Here’s What’s Coming for Cardano (ADA) After Big Vasil Upgrade, According to Creator Charles Hoskinson
Cardano (ADA) creator Charles Hoskinson is revealing what’s next for the Ethereum (ETH) rival’s blockchain after the highly anticipated Vasil upgrade. In a new video, Hoskinson confirms the release date of the Vasil hard fork, an upgrade that aims to increase the scalability of Cardano. “This is one of the long ones, probably the hardest …
PwC Venezuela Twitter account hacked, attacker shills fake XRP giveaway
An attacker gained access to PwC Venezuela’s Twitter account and has been actively posting cryptocurrency phishing links for the last 8 hours at the time of the writing. Considering that all the tweets posted by the hacker remain active, it is evident that PwC officials are yet to realize the compromise. Investors clicking on the …
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Elon Musk-crypto video played on S. Korean govt’s hacked YouTube channel
A YouTube channel owned by the government of South Korea was reportedly hacked and renamed SpaceX Invest, following which the channel uploaded fabricated videos of Elon Musk discussing cryptocurrencies. On Sept 3, the South Korean government’s YouTube channel was momentarily hacked and renamed for sharing live broadcasts of crypto-related videos. However, the account was soon …
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MicroStrategy Chair and Bitcoiner Michael Saylor Charged With Tax Evasion
Michael Saylor is facing charges of tax evasion. He heads MicroStrategy, the single largest corporate Bitcoin investor. Michael Saylor, the executive chairman and former CEO of the business intelligence firm MicroStrategy, has been charged with tax evasion. On Aug. 31, District of Columbia Attorney General Karl Racine filed a lawsuit alleging that Michael Saylor engaged …
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