A new poll commissioned by venture capitalist firm Haun Ventures shows a growing number of voters own cryptos and are more likely to cast their ballots for candidates in the US midterm election who favor blockchain technology. According to Morning Consult’s voter survey in four swing states — New Hampshire, Nevada, Ohio, and Pennsylvania — …
Monthly archives: September 2022
Blockchain interoperability goes beyond moving data from point A to B — Axelar CEO Sergey Gorbunov
Cross-chain communication between blockchains is more than just moving data from point A to B, but how it can connect applications and users for enhanced experiences and fewer gas fees in Web3, outlined Sergey Gorbunov, Axelar Network co-founder and CEO, speaking to Cointelegraph’s business editor Sam Bourgi on Sept. 28 at Converge22 in San Francisco. …
NEXO risks 50% drop due to regulatory pressure and investor concerns
Crypto lending firm Nexo is at risk of losing half of the valuation of its native token by the end of 2022 as doubts about its potential insolvency grow in the market. Is Nexo too centralized? For the unversed: Eight U.S. states filed a cease-and-desist order against Nexo on Sep. 26, alleging that the firm offers …
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Binance launches New Zealand-based offices following regulatory approval
Global cryptocurrency exchange Binance has registered with New Zealand’s Ministry of Business, Innovation and Employment and opened local offices in the country. In a Sept. 29 tweet, Binance said it was registered as a financial service provider in New Zealand, allowing residents to access services including spot trading, nonfungible tokens and staking. The move to …
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Bitcoin surges above $20K after 6% BTC rally gains steam ahead of the monthly close
Bitcoin (BTC) swiftly climbed above $20,000 after the Sept. 30 Wall Street open as end-of-month volatility began. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin volatility back for monthly close Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 3% in a single hourly candle to hit local highs of $20,171 on Bitstamp. The move …
MicroStrategy seeks to hire Bitcoin Lightning Software Engineer
Michael Saylor-led MicroStrategy is looking to expand its Bitcoin Lightning Dev team by hiring a new software engineer. MicroStrategy’s R&D team has been working to develop a suite of Lightning solutions, including Lightning wallet, enterprise servers, and enterprise authentication. According to the job posting, the software engineer will work with the team to build out …
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Ethereum losing ground as Solana now accounts for a quarter of total NFT volume
Cryptocurrency research firm Delphi Digital posted a chart showing Solana NFT volume surging, accompanied by the text: “Solana’s share of total NFT trading volume has increased from 7% to 24% over the past 6 weeks.” Source: @Delphi_Digital on Twitter.com Solana is establishing itself as a viable alternative to ETH for NFTs The chart showed since …
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Lark Davis denies ZachXBT’s accusations of profiteering from his followers by shilling low-cap tokens
Crypto influencer Lark Davis has denied accusations of “pumping and dumping” low-cap crypto projects on his followers in a series of 19 Twitter posts published on Sept. 30. For the sales in question, I want to be clear that:1. I disclosed that I was an investor when I initially discussed them2. I talked about it …
Research: Bitcoin Cost Basis metric indicates short-term holder capitulation
The Bitcoin: Cost Basis metric, also known as the realized price, is split into the long-term holder (LTH) and short-term holder (STH) cohorts. Cost basis refers to the accumulated fair market value of the cryptocurrency token acquired, plus the profits at the time sold. It is generally used to calculate tax liability by determining whether …
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Theta upgrade goes live to support wTHETA as TNT20 token
Theta Labs (THETA) successfully deployed the Theta v3.4.0 upgrade at block height 17285755, which supports wrapped THETA (wTHETA) as a TNT20 token. This upgrade was key for the launch of the Theta Metachain, which is expected to happen in December 2022. The new version allows the wTHETA to be transferred to Metamask wallets and other …
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Celsius Creditors moves to recoup $439M through EquitiesFirst subpoena
Celsius’ Committee of Unsecured Creditors has filed a motion asking the bankruptcy court to issue a subpoena to EquitiesFirst Holdings (EHF) for failing to repay approximately $439 million owed to Celsius Network. EquitiesFirst is an institutional lending platform Celsius worked with between October 2019 and February 2021 to support its business through collateralized loans. Celsius …
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Judge rules in favor of Ripple against SEC in Hinman document case
U.S. District Judge Analise Torres has ruled in favor of Ripple Labs after it ordered the SEC to release documents relating to a speech delivered by former SEC official William Hinman. During a 2018 summit, William Hinman asserted that the sale of Ethereum and related cryptocurrencies are not securities. Ripple Labs has been demanding access …
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Germany’s Inflation Hits Double Digits for the First Time Since WWII, Parliament Reveals $195B Subsidies Package to ‘Make Prices Drop’
Following the Covid-19 pandemic, the massive amount of stimulus, and amid the Ukraine-Russia war, Germany’s inflation has soared. Official data from Germany’s consumer price index (CPI) indicates that inflation jumped to a 10.9% annual pace in September and it’s the first time since the end of World War II that Germany has dealt with double-digit …
Biggest Movers: XRP Rebounds on Friday, Nearing Recent Highs
Xrp was up by nearly 10% on Friday, as the token moved closer to a recent four-month high. The move comes as consumer sentiment data in the United States came in at 58.6, which is higher than August’s reading of 58.2. UNUS SED LEO was also in the green, climbing by as much as 12% …
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State Securities Regulators Object to Celsius’ Court Motion to Sell Stablecoins
As Celsius’ bankruptcy proceedings continue, the court’s trustee William Harrington appointed an examiner on Thursday in order to review the company’s finances, according to a filing submitted on September 29. On the same day, state securities officials from Vermont and Texas filed objections to the crypto lender accessing the company’s stablecoin cache. 15 days prior …
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