Given nonfungible tokens’ (NFT) ability to digitally represent a wide set of assets, the underlying technology has found itself with numerous use cases including property and digital collectibles. One of its newest use cases comes from Israel, where the government has decided to welcome President-elect Isaac Herzog with an NFT oath. The NFT is a …
Continue reading “Israel to welcome 11th president with oath of office on NFT”
Bitcoin (BTC) took a stab at key resistance around $36,000 on Wednesday as anticipation built around a breakout. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC breakout means first stop: $39,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD repeatedbly tapping but failing to flip the $35,000 mark on Wednesday. The largest cryptocurrency rebounded from …
Continue reading “Bitcoin battles $35K as traders agree volatile BTC price move incoming”
Trading platform Robinhood could lose a significant revenue source should the United States Securities and Exchange Commission move to ban the controversial payment for order flows (PFOF) — routing retail trading orders to market makers. Brokers like Robinhood often use the practice to offset trading fees, thus providing zero commission trading to its retail customer …
Continue reading “Robinhood’s cash cow under SEC scrutiny amid IPO filing”
Digital asset firm CoinShares says there’s a potential shift in sentiment among crypto investors as inflows return to the markets. In a new report, CoinShares tracks tens of millions of dollars that’s now flowing into crypto funds after a lengthy hiatus. “For the first time in five weeks, digital asset investment products saw inflows totalling …
Iran’s challenge with the ever-increasing electricity consumption reached new heights, leading the country to halt electricity exports. Abuzer Salihi, general manager of Iran’s electricity distribution company Tevanir, announced on state television that it has reduced electricity exports to zero “so that there is no problem in electricity supply in the country.” He said that the …
Continue reading “Iran pauses electricity exports due to crypto mining and hot summer”
Ultimate Fighting Championship, a major global mixed martial arts organization, continues its deep dive into the cryptocurrency industry by announcing a sponsorship deal with a cryptocurrency exchange. UFC announced Wednesday that it agreed to a fight-kit partnership with Crypto.com, one of the world’s largest crypto trading platforms by trading volumes, CNBC reported. According to CNBC, …
Continue reading “UFC inks $175 million sponsorship deal with Crypto.com”
Russian lawmakers are working on new legislation that would allow the government to confiscate cryptocurrencies, according to a senior official. Russian Prosecutor General Igor Krasnov claimed that the government is now developing a set of amendments to the country’s criminal code to allow authorities to seize crypto obtained from illegal activity, local news agency TASS …
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Bitcoin (BTC) miner revenue jumped after the network saw its biggest-ever difficulty drop, data shows. According to figures from monitoring resource Blockchain.com, daily revenues have surged by over 50%. “Interesting dynamic” hits Bitcoin mining Bitcoin mining is currently in a unique state of flux — around half of the hashing power is offline as miners …
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A number of altcoins are showing signs of life in the last seven days, with Ethereum breaking away from Bitcoin. Ethereum, the largest second cryptocurrency by market cap, has rallied 12.52% in the last week, according to CoinMarketCap. In the same timeframe, Bitcoin has shed 0.35%. ADVERTISEMENT One of the best-performing altcoins of late …
Amid intensifying concerns over Binance’s global regulatory issues, the company’s CEO and founder Changpeng Zhao has underscored the exchange’s commitment to cooperating with regulators. In an open letter on Tuesday, Zhao emphasized that the cryptocurrency industry has massively evolved over the past four years since Binance’s launch, while there is still a lot of regulatory …
Continue reading “‘Compliance is a journey,’ says Binance CEO amid regulatory scrutiny”
Shiden, the sister-project of leading Polkadot-native layer-two decentralized app hub, Astar Network (formerly Plasm Network), has won the third parachain auction for Polkadot’s experimental sister-network, Kusama. Shiden secured the slot with a total of 137,020 KSM tokens bonded — worth nearly $29 million at current prices. Shiden is a smart contract platform for Kusama-based DApps, …
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New York-based crypto loans and savings startup BlockFi launched its Bitcoin (BTC) rewards credit card today. The card is available to select approved customers on the United States waitlist. Officially named BlockFi Rewards Visa Signature Credit Card, the card was first announced at the end of last year by Visa and BlockFi. Available to use …
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A new survey suggests that hedge fund executives, wealth managers, and institutional investors already holding crypto assets intend to increase their holdings. The survey, conducted by London-based crypto fund Nickel Digital Asset Management, revealed that 82% of the 100 investors and wealth managers polled expect to increase their exposure to digital assets between now and …
Continue reading “Survey: 40% of institutional crypto investors intend to buy a lot more”
Janice McAfee, the widow of anti-virus pioneer John McAfee, says that she can’t “accept the suicide story” relating to the death of her husband until an investigation has been completed. In a July 7 Twitter post, McAfee noted that she is still in shock, as she expressed her disbelief that the 75-year-old would kill himself …
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News of two contrasting approaches to crypto from U.S. members of congress surfaced this week. Alabama Congressman Barry Moore has been loading up on cryptocurrencies such as Ethereum (ETH), Cardano (ADA), and Dogecoin (DOGE) over the past two months. Meanwhile anti-crypto California Congressman Brad Sherman — whose stated aim is to shut crypto down — …
Continue reading “Pro-crypto Congressman stacks, anti-crypto Congressman receives $100K from TradFi”
