The CEO of Devere Group has predicted that the price of bitcoin will reach $50,000 by the end of this month. He explained that geopolitical tensions from the Russia-Ukraine war and institutional investment are key drivers boosting the price of bitcoin. He also said, “the dollar’s reserve status could, ultimately, be in jeopardy.” Devere’s CEO …
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The CEO of the Nasdaq-listed crypto exchange Coinbase says ordinary Russians are using cryptocurrency as a lifeline now that their own currency, the ruble, has collapsed. The executive also does not see a high risk of Russian oligarchs using crypto to avoid sanctions. Crypto Becomes a Lifeline for Ordinary Russians Coinbase CEO Brian Armstrong shared …
The UK Financial Conduct Authority (FCA) has announced that it would double down on its efforts to prevent investors from coming to harm. It stated this in a press release which also detailed its plans for regulations and achievement in the past few months. FCA investigated 300 crypto firms The watchdog received more than 16,400 …
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Russia invaded Ukraine 7 days ago, and the world continues to show its reaction. As Russia relied on cryptocurrencies to combat economic isolation and its citizens relied on Bitcoin against the falling ruble, major crypto exchange platforms became related to the crisis first-hand. Ukraine reached out to major crypto exchange platforms to block Russian addresses in …
Despite China’s blanket ban on all crypto-related activities in the country, residents of the country still account for roughly 10% of all global transactions involving digital assets. This was revealed by the People Bank of China in a report where it examined how the crypto crackdown has affected financial markets in the country. China’s crypto …
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While Russia’s Ukraine invasion has been at the forefront of people’s minds, a global recession and the possibility of an energy crisis have been thrown into the conversation. Reports concerning the U.S. economy note that risks of an economic recession are climbing, and energy market historian Daniel Yergin thinks the current warfare in Ukraine could …
press release PRESS RELEASE. Trality, a leading FinTech company headquartered in Vienna, Austria, is organizing a worldwide coding competition. Now in its second year, the Trality Trading Competition is fast becoming the premiere proving ground for expert Python trading bot programmers. Top Prizes for the Top Python Coders With over 10,000 USDT worth of prizes, …
Bitcoin miners got a small break on March 3, after the network’s mining difficulty shifted downward for the first time since November 28, 2021. Bitcoin’s hashrate has remained high meandering between 180 to 220 exahash per second (EH/s) over the last week, but the leading crypto asset’s price has shed more than 3% during the …
A non-fungible token market platform built on top of Arbitrum called Treasure DAO was hacked on March 3 at 7:33 a.m. (EST), according to a post mortem analysis authored by the security-focused firm Certik. The company’s report notes that “over 100 NFTs were stolen in the attack,” as the attacker leveraged a vulnerability in the …
On Thursday, NBA legend Michael Jordan dropped his first NFT collection via the Heir platform. Called the “6 RINGS“, token holders get access to Heir experiences and exclusive benefits. “This limited edition NFT grants collectors early access to upcoming experiences launching on HEIR, along with other exclusive perks and benefits.” 6 RINGS NFT collection sell …
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More and more celebrities are jumping on the NFT train. Following the successful launch of her debut NFT collection in December of last year, global pop superstar Katy Perry is releasing a second collection of NFTs today on Theta Network. The collection will look back to her 2017-2018 Witness Tour. The drop will take place …
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The Sandbox launched its Alpha Season 1 in late 2021 and captured great attention immediately. Since then, it became the second most searched NFT worldwide, was included amongst the most critical projects to look out for in 2022, and played the central role in turning virtual real estate to be most traded NFTs. Today, The …
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Coinbase will not be instating sanctions against its Russian users, its CEO Brian Armstrong said earlier today. Armstrong addressed the ongoing issue of banning Russian citizens from accessing cryptocurrency exchanges, saying that Coinbase won’t be preemptively banning Russians its platform. “Some ordinary Russians are using crypto as a lifeline now that their currency has collapsed. …
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MetaMask users in Iran and Venezuela reported problems with completing transactions yesterday. It later emerged that affected users were deliberately blocked for “legal compliance” reasons. This is possible because MetaMask uses an API or gateway service through Infura. Like MetaMask, Infura is also owned by Ethereum developers ConsensSys, following its acquisition in October 2019. “Infura …
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Anchor protocol and WAVES were some of Friday’s biggest gainers, as crypto markets mainly traded lower at the end of the week. At the time of writing, the global cryptocurrency market cap has dropped over 4%, with GALA and MKR, the day’s biggest decliners. WAVES WAVES extended its recent streak on Friday, as the world’s …
