Sber, a major bank, wants to include the Ethereum blockchain and the Metamask wallet into its blockchain platform. The Russian bank is of the opinion […] Go to Source
Yearly archives: 2022
Starbucks Rolls Out Beta Testing on New Polygon-Powered NFT Rewards Program
US coffee giant Starbucks is launching the beta version of a new rewards program that allows members to earn and buy non-fungible tokens (NFTs) minted on the Polygon (MATIC) blockchain. In a recent statement, the world’s largest coffeehouse chain says that it is rolling out Starbucks Odyssey, a loyalty program for customers, employees, and partners …
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Crypto Analyst Michaël Van De Poppe Eyes Rallies for Ethereum, Litecoin and One ETH Rival – Here Are His Targets
A widely followed crypto analyst is predicting rallies for a handful of altcoins, including the leading smart contract platform Ethereum (ETH) and one of its primary competitors. Crypto strategist Michaël van de Poppe tells his 643,000 Twitter followers that he expects the second-largest crypto asset by market cap to test the $1,450 price level relatively …
Two US Senators Demand Answers From US Regulators on Banking Sector’s Exposure to Crypto
US Senators Elizabeth Warren and Tina Smith are demanding answers from a group of top US regulators about the banking sector’s exposure to crypto in the wake of FTX’s implosion last month. On Wednesday, Warren, a Democrat from Massachusetts, and Smith, a Democrat from Minnesota, penned a letter to Federal Reserve Chairman Jerome Powell, acting …
FTX Founder Sam Bankman-Fried Agrees To Testify Before US Lawmakers – But There’s a Catch
FTX founder Sam Bankman-Fried is agreeing to testify before US lawmakers next week after previously indicating he would not show up. The disgraced former CEO of FTX tells Democratic Congresswoman Maxine Waters that he is now willing to testify before the U.S. House Financial Services Committee hearing on the crypto exchange’s collapse next week. However, …
Ethereum and Litecoin make a move while Bitcoin price searches for firmer footing
Crypto price action has been rough over the past few months, but a few green shoots are finally beginning to emerge. While Bitcoin (BTC) remains in a downtrend, its price has recently found support at the $17,000 level, and ping-pong price action in the $16,700–$17,300 range appears to be allowing traders to pursue some interesting …
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Who’s expected to testify before Congressional hearings on FTX?
United States lawmakers have been pushing for certain witnesses — including Sam Bankman-Fried — to appear before committee hearings scheduled in December. Who should the crypto space expect to see testifying on the events leading to the downfall of FTX? On Dec. 9, Bankman-Fried, or SBF, said — under threat of a potential subpoena — …
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A year after Taproot, Bitcoin community works to unlock its DeFi potential
Taproot support across the industry is still crawling one year after the Bitcoin soft fork, indicating a strong potential for innovation and broader adoption of Web3 solutions to be unlocked through the world’s largest cryptocurrency, sources told Cointelegraph. “Since early on, Satoshi predicted that layers being built on top of the Bitcoin blockchain would enable Bitcoin …
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US regulator seeks feedback on DeFi’s impact on financial crime: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The United States regulators want to take a closer look at money laundering and terror financing laws by the Financial Crimes Enforcement Network (FinCEN), as it asked banking sector …
US Prosecutors Probing Whether Former FTX CEO Sam Bankman-Fried Influenced the Terra (LUNA) Implosion: Report
Federal US prosecutors are reportedly looking into the potential link between former FTX CEO Sam Bankman-Fried’s fallen crypto empire and the downfall of stablecoin issuer Terra (LUNA). According to a new report by the New York Times, a large chunk of stablecoin TerraUSD’s (UST) sell orders at the time of its collapse appear to have …
Crypto Biz: Is Goldman Sachs the ultimate crypto contrarian?
One of the oldest pieces of contrarian investment wisdom is to buy when there is blood in the streets. If it were that easy, crypto investors would be euphoric at all the buy opportunities right now. If you’re rattled by the bear market, which has been especially brutal even by crypto standards, don’t beat yourself …
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Investors chase Web3 as blockchain industry builds despite bear market
The third quarter of 2022 saw a reduction in venture capital activity across the entire blockchain industry. Investors appear to be moving away from decentralized finance (DeFi) and into Web3. The crypto industry tends to have a problem with overusing buzzwords, like the way “DeFi” was everywhere just a couple of years ago. In 2022, …
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Bitcoin Price Prediction – As BTC Holds Above $17,000 Level, Bulls Eye Further Gains
Bitcoin has experienced some choppiness in recent trade after a hotter-than-expected US Producer Price Inflation (PPI) report sparked familiar fears about Fed tightening. BTC/USD had […] Go to Source
Sam Bankman-Fried Supports Issuing New FTT Tokens To Make FTX Users Whole
Summary: SBF tweeted approval for a social media post suggesting restarting FTX and issuing new FTT tokens to users. Bankman-Fried hailed the proposal as a “productive path for parties to explore”. The suggestion was tweeted by Ran Neuner, a crypto influencer and coin Shiller who goes by CryptomanRan. Fallen crypto tycoon Sam Bankman-Fried opined that …
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Research: Analysis of on-chain metrics suggests Bitcoin is firmly in capitulation phase
Glassnode data on Bitcoin: Entity-Adjusted NUPL reveals Bitcoin has sunk firmly into capitulation with a market bottom potentially in sight. 2 min read Updated: December 9, 2022 at 5:27 pm Cover art/illustration via CryptoSlate Since June, Bitcoin (BTC) – and the general market subsequently – has been in capitulation, other than a handful of rallies …