While some praised the move, others believe that it’s centralized and is adding NFTs where it’s not necessary. News Join us on social networks A nonfungible token (NFT) collector shared the story of how a decentralized finance (DeFi) loan was collateralized through a luxury watch and was facilitated with an NFT representing the asset. On …
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The FCA and other law enforcement agencies investigated 36 crypto ATM locations using powers under money laundering regulations. News Join us on social networks The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), “disrupted” 26 of the 34 cryptocurrency ATMs it visited and inspected since the start of 2023. On Feb. 14, the FCA …
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Paradigm has filed an amicus brief in the SEC’s lawsuit against crypto exchange Bittrex. The crypto investment firm challenged the securities regulator’s jurisdiction over crypto secondary markets. Paradigm highlighted previous statements by SEC Chair Gensler about the agency’s lack of authority over secondary markets. San Francisco-based Paradigm has filed an amicus brief in the Securities …
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Rodrigo Seira has blasted the SEC for overstepping its jurisdiction in its case against crypto exchange Bittrex. News Join us on social networks Crypto investment firm Paradigm’s Special Counsel Rodrigo Seira has become the latest to slam the United States securities regulator, this time for “wrongfully” pursuing crypto exchange Bittrex in an attempt to police …
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Chainalysis told Cointelegraph that they were “describing it as a possible rug pull,” based on an analysis of Multichain’s spurious transactions and internal problems. News Join us on social networks The multi-million dollar exploit of cross-chain bridge protocol Multichain could have been an internal rug pull, according to blockchain security and analytics firm Chainalysis. “On …
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Pedro Magalhães, a blockchain developer who claims to have reverse-engineered Brazil’s pilot CBDC has found code that would allow accounts to be frozen or drained at will. News Join us on social networks A blockchain developer who claims to have reverse-engineered the source code of Brazil’s pilot central bank digital currency has discovered functions in …
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The share price of software firm Microstrategy increased by 7% following a recent projection by Berenberg. The investment bank believes that next year’s Bitcoin halving could trigger a rally in Microstategy’s stock (MSTR). Berenburg’s current MSTR price target is $430, which would be an 18-month high. Hamburg-based Berenberg Capital Markets recently circulated a research note …
An economic alliance of nations known as BRICS is reportedly preparing to introduce a new currency that’s designed to dethrone the US dollar. According to RT, the new trading currency of BRICS will be backed by gold, a standard that used to define the US dollar over 100 years ago. The currency is set to …
A widely followed crypto strategist believes that Ethereum (ETH) challenger Avalanche (AVAX) is gearing up for a move to the upside. Trader Michaël van de Poppe tells his 660,000 Twitter followers that AVAX looks bullish after briefly moving above resistance at $14. According to Van de Poppe, Avalanche looks poised for a cooldown period before …
Dubai’s Virtual Assets Regulatory Authority has initiated enforcement action against UAE-based crypto exchange BitOasis. The local regulator reprimanded the exchange for failure to comply with mandated regulatory conditions. VARA has also revoked the MVP license which was granted to the crypto exchange in April 2023. VARA’s MVP license was previously described as restrictive by fellow …
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The price of Bitcoin is stuck at its current levels as bulls and bears fight for control. The number one cryptocurrency by market cap experienced some gains in the past weeks, but volatility across the board declined, leading to the current dynamic. As of this writing, Bitcoin trades at $30,500 with sideways movement in the …
Bitcoin (BTC) has been consolidating below the mid-point of the 2021-22 cycle at $30,000, with some on-chain activity metrics cooling off while others, such as money transfer volumes, are picking up. This suggests positive momentum and growing adoption for the asset, according to a recent report from Glassnode. Bitcoin Metrics Suggest A Wild Ride Ahead …
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Despite facing a challenging period in recent months, the price of Litecoin has demonstrated a significant upward trajectory. In June, LTC experienced a decline to $71; however, the bulls subsequently took charge and initiated a recovery. Nevertheless, over the past week, LTC’s progress slowed, with the coin retracing below the $100 mark and experiencing a …
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Bitcoin price is showing resilience in the face of adversity and is up nearly 100% from bear market lows. However, it has yet to show signs of an undeniable bull market as it has in the past. That’s because of just one missing ingredient, according to a new BTCUSD weekly chart. Bitcoin Bullish Momentum: The …
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On-chain data compiled by Santiment, an analytics platform, shows that more people are discussing XRP, the native token of the XRP Ledger (XRPL), per statistics captured on July 10. In their assessment, the spike in social chatter, translating to higher social dominance, will most likely draw demand for the crypto asset that has recently been under …
Continue reading “More People Talking About XRP, Will Bulls Break Above $0.60?”
