Сategory posts: News

The Role of VeChainThor: Understanding the VeChain Ecosystem

Photo by Shubham Dhage on Unsplash A blockchain platform called VeChainThor is intended for Internet of Things (IoT) and enterprise-level applications. By utilizing blockchain technology, it seeks to improve supply chain management, boost product authenticity, and promote transparency. The VeChainThor network, on which VeChainThor runs, has a novel dual-token system made up of VeChain Tokens […]

The Intersection of Artificial Intelligence and Blockchain: Opportunities and Challenges

Artificial intelligence (AI) and blockchain, two ground-breaking technologies, are coming together in a way that has the potential to completely change a variety of sectors. AI refers to the ability of computer systems to carry out operations such as natural language processing, pattern recognition, and decision-making that ordinarily require human intellect. Contrarily, the distributed ledger […]

Finding the Right Balance: Exploring the Pros and Cons of Cryptocurrency Regulations

Understanding Cryptocurrency Regulations The Need for Regulations As the realm of cryptocurrencies perpetually burgeons and transmutes, the call for ordinances grows increasingly indispensable. Despite the decentralized essence of these digital valuables, some fraction of jurisprudence is required to shield users, thwart illicit undertakings, and bolster the market’s overall equilibrium. If you want to learn more […]

Samsung signs an agreement to create a Galaxy NFT ecosystem

Samsung Electronics, a manufacturer of Korean electronic products, has inked an agreement (MOU) with six businesses to work together to create the Galaxy NFT ecosystem.

Vitalik Buterin, a co-founder of Ethereum, downplays the Ethereum PoW fork and hopes that it “doesn’t result in people losing money.”

Vitalik Buterin, the co-founder of Ethereum, recently spoke about his opinions on the recent Ethereum proof-of-work (PoW) fork, a subject that has lately come up in a number of discussions within the cryptocurrency industry. At the recent ETH-Seoul conference, Buterin said that he thought the forked token concept was being introduced by a "few of outsiders" who "primarily simply want to make a fast cash."

Elon Musk, the CEO of Tesla, claims that while inflation has peaked, a recession will last for 18 months

Elon Musk, the CEO of Tesla, predicts that the U.S. economy will enter a recession in roughly 18 months and that inflation has peaked. The billionaire said, adding that "inflation is likely to reduce swiftly," "We do have a decent degree of insight into where prices of things are going over time."

Skybridge calculates that the fair market value of Bitcoin is $40K and that of Ethereum is $2,800

The creator of Skybridge Capital estimates that, based on acceptance, wallet size, use cases, and growth of wallets, bitcoin's fair market value is around $40,000. The asset management company also calculated the fair market value of ethereum to be roughly $2,800.

Socios.com Will Contribute $100,000,000 to FC Barcelona Push Metaverse

A firm called Socios.com, which creates fan engagement tokens for sports organizations, has announced that it would invest $100 million in FC Barcelona's digital arm, Barca Studios. Socios.com will receive a 24.5 percent ownership interest in the club's digital division as a result of the investment, which will also enable it to expand the metaverse and Web3 initiatives for the division's income sources.

11 individuals are charged by the SEC in a $300 million cryptocurrency pyramid and Ponzi scheme

Four of the company's founders and seven of its promoters have been accused by the U.S. Securities and Exchange Commission (SEC), which called Forsage "a fraudulent crypto pyramid and Ponzi scheme." Worldwide, including in the United States, the scam is said to have garnered more than $300 million from millions of ordinary investors

As Bitcoin Falls Below $23K, Crypto Markets Lose $50B in 2 Days (Market Watch)

After the most recent local heights, bitcoin's direction was reversed as it fell below $23,000 for the first time in a few days. The majority of cryptocurrencies have done the same, with Polkadot and Ethereum both falling by double digits and below $1,600.

Rolex and Patek watches flood the market due to crypto crash, trading platform reports

According to a prominent trade portal, the most recent issues in the cryptocurrency industry have supposedly boosted the availability of pre-owned luxury watches. The business disclosed that as a result, prices of popular models by prestigious brands like Rolex and Patek had decreased

Customers of Celsius implore the bankruptcy court to release cryptocurrency; one client needs money to “put food on the table.”

Customers were recently informed by the cryptocurrency lender Celsius that an employee from one of the firm's contractors had access to a list of Celsius client emails and that the emails had been "transferred to a third party" after the lender filed for bankruptcy protection on July 13. Additionally, Celsius customers have written to the court pleading with them to return their cryptocurrency holdings. One client said that his position was an urgent one in which he needed to "keep a roof over my family and food on their table" and that he had less than $1K in the bank.

US congressman demands information on bogus cryptocurrency applications from Google and Apple

Senator Sherrod Brown urged American politicians and authorities to handle cryptocurrency frauds, saying "industry shouldn't be permitted to set the rules that they want to play by.

Final candidates for the post of UK prime minister have expressed support for cryptocurrency

By September 5, when Johnson will formally resign, the Conservative Party is anticipated to choose between Rishi Sunak and Liza Truss as the new party leader. Two of the remaining contenders for the position of future British prime minister, Liz Truss, secretary of state for foreign, Commonwealth, and development affairs, and former chancellor of the Exchequer Rishi Sunak, have both previously indicated support for crypto.

As Bitcoin breaks $23,000, $400 million is lost on the cryptocurrency futures market

According to data, the previous 24 hours have seen more than $400 million liquidated on the crypto futures market as Bitcoin crosses the $23k level. Over $400 million in cryptocurrency futures were liquidated in the last day alone

Markets Add $50B, Bitcoin and Ethereum Reach 6-Week Highs (Market Watch)

The market capitalization of cryptocurrencies has reached $1.1 trillion as bitcoin and ether surged to new highs. The US President Joe Biden's refusal to acknowledge that the US has formally entered a recession drove the cryptocurrency market upward once again The US President Joe Biden's refusal to acknowledge that the US has formally entered a recession drove the cryptocurrency market upward once again.

Coming Q2 earnings reports from Apple and Amazon: Will They Affect Crypto?

This week brings earnings releases for prestigious IT companies. As online ad sales decline and investors turn away from risk, markets are closely monitoring the situation. Can it have an effect on cryptocurrency?

CEO of Ripple Talks About SEC Lawsuit’s Potential Results Regarding XRP

The chief executive of Ripple has provided his opinions on potential outcomes of the case filed by the U.S. Securities and Exchange Commission (SEC) over the sale of xrp, which the regulator alleges to be an unregistered securities offering, in response to the complaint.

Long-term profitability of cryptocurrency mining, according to experts

According to Steve Bassi, a long-term investor may do well by mining in the near future and selling when the block reward decreases in 2024.

Kraken, a cryptocurrency exchange, is reportedly being investigated for sanctions breach

One of the biggest cryptocurrency exchanges in the world, Kraken, is presently the subject of a government investigation. It has been alleged that the cryptocurrency exchange broke American sanctions by enabling users in Iran to trade cryptocurrencies.

Vitalik Buterin: “Not Priced in” for the Ethereum Merge

According to Vitalik Buterin, the story around Ethereum's "Merge" to Proof-of-Stake won't really take off until the upgrade actually takes place. In a Bankless interview, the Ethereum founder also said that the Merge needed to "happen on a timescale" and covered ecosystem scalability improvements.

Engineering Courses in the Metaverse Will Be Offered by the University of Tokyo

A number of engineering courses will be provided by the University of Tokyo using metaverse technology. The courses, which are anticipated to begin offering later this year, will introduce students to engineering topics and combine this knowledge with the abilities to manage worlds based in the metaverse, in order to manage the digital transformation that work and educational environments are going through.

Titanium Blockchain Acknowledges Guilty Plea in $21 Million Crypto Securities Scam

Titanium Blockchain Infrastructure Services (TBIS) has admitted guilt in connection with a cryptocurrency scam worth over $21 million in securities. The $21 million initial coin offering (ICO) hoax was revealed to have been committed by Titanium Blockchain CEO and Founder Michael Alan Stollery, according to the US Department of Justice.

Will USDT be deposed by USDC? The Report Suggests That

When Terra's UST lost its 1:1 dollar peg in May, it was one of the most alarming developments in the stablecoin market. The de-peg caused chaos and completely damaged Terra's credibility. The USDT and USDC did, however, escape the massacre.

“Gen 0 Buddies” by Affyn reaches a high of more than 20X from the original listing

Affyn, a play-and-earn gaming firm with offices in Singapore, has unveiled its first "Generation Zero Buddies" (or "Gen 0 Buddies" for short) NFT collection on Polygon. Within 100 seconds of its listing, the first NFT collection was sold out, and its value has since climbed more than 20 times.

Prior to the FOMC Interest Rate Announcement, Bitcoin reclaims $21,000 (Market Watch)

Before the predicted FOMC meeting, where the Fed might hike interest rates by 75 basis points, bitcoin has increased in value by several hundred dollars.

According to reports, the SEC is looking into Coinbase for listing unregistered securities

The Securities and Exchange Commission (SEC) is apparently looking into Coinbase, the American cryptocurrency exchange, over the listing of many crypto assets on its website. The probe is looking at whether the exchange has been listing assets that might be considered unregistered securities, according to three people with direct knowledge of the situation.

Quik.com now offers Web3 & Metaverse NFT domains for minting

NFT domains are being provided by Quik.com as a conduit via which users may create their own existence on the metaverse and the web of the future. The Quik.com NFT domain marketplace offers a broad variety of top-level domains, such as.metaverse,.web3, and.vr, allowing people to express their creativity on the web of the future.

Ukraine will promote the cryptocurrency market with new fiat regulations

Ukraine has implemented new regulations that limit the use of fiat currency, which will benefit the crypto economy. Due to the basic financial condition of the nation changing as a result of the ongoing armed conflict with Russia, the National Bank of Ukraine had to implement certain new regulations.

DFI Token from DeFiChain Begins Trading on Huobi Global

It was said that the coin listing was "another important milestone" for DeFiChain. The DFI token from DeFiChain may now be bought, sold, and traded on the renowned cryptocurrency exchange Huobi Global.

Five Years of a User-Focused Platform: Binance

Binance will have its fifth anniversary on July 14, 2022. The business has steadily developed its brand over the past five years to give cryptocurrency users a smooth experience.

On where virtual reality fits in the Metaverse, experts disagree

Given its slow acceptance rates, analysts predict that virtual reality (VR) will ultimately have a position inside the Metaverse, but not in the near future.

The US economy is facing a “Much Bigger Problem Than Recession,” Donald Trump warns. “We’ll Experience a Depression”

Donald Trump, a former president, has issued a warning that the American economy is dealing with "a far greater crisis than recession." He emphasized: "We have to get this country going, or we're going to have a terrible problem," noting that "We'll have a depression."

Shiba Inu Gains Significant Support Following Listing On Popular Philippine Crypto Exchange

Shiba Inus, dubbed the "Dogecoin-killer," will be included in the list of 20 cryptocurrencies already available. One of the country's first cryptocurrency exchanges is called Coins.ph. The exchange, which was founded in 2014, changed its emphasis from cryptocurrency to traditional financial services.

MATIC from Polygon may require correction

Technical signs suggest a temporary decline in the near future, which gives Polygon a fragile appearance. After seeing its market value surge over the previous month, Polygon appears to be ready for a pullback. However, there is a sizable region of support, which may keep its price stable.

Elon Musk Buying or Selling Bitcoin Doesn’t Mean Much, According to the CEO of Binance

CZ Zhao made light of the fact that he lacked the intelligence to engage in ventures closely related to failed lending institutions like Celsius and Voyager.

Robert Kiyosaki of Rich Dad, Poor Dad issues a warning that inflation might cause more depression

Robert Kiyosaki, the well-known author of the best-selling book Rich Dad Poor Dad, has cautioned that the present inflation might cause a "Greater Depression." He also stated that foreclosures had increased by 700% since last year due to the real estate slump.

As “decision time” for the price of BTC approaches, bitcoin traders look for levels to hold

For Bitcoin bulls to rest easy, levels right below the current $23,000 must hold at the weekly close, say experts. Through the end of July 22, Bitcoin (BTC) rose again above $23,000 as interest grew in the forthcoming weekly closure.

Kusama is on the rise. Polkadot: Can It Keep Up?

As the cryptocurrency market regains momentum, Polkadot and Kusama have moved beyond significant resistance levels. Kusama, the canary network for the Polkadot blockchain, has lately experienced a market upswing. The technicals do, however, suggest a quick fix that would let DOT take the lead

Ethereum Tests $1,600 Again, ApeCoin Explodes by 17% Daily (Market Watch)

The cryptocurrency markets have recovered, with significant gains from Ethereum, Polkadot, Avalanche, and ApeCoin driving the trend. Given that bitcoin launched an offense and surged back above $23,000, yesterday's correction appears to be a temporary one. The majority of cryptocurrencies are doing even better, with ETH surging by 8% and ApeCoin rising by double digits

No Exposure to 3AC, Voyager, or Celsius at Coinbase

The most well-known cryptocurrency exchange in the US, Coinbase, claims to have had no exposure to the now-defunct crypto loan companies Celsius, Voyager, and Three Arrows Capital. The company also explained how it handles risk in a different way from previous businesses, claiming that it won't have comparable liquidity difficulties.

NFTs in-game are not permitted in Minecraft

Company it stated that in-game material and modifications cannot be used to "produce a scarce digital asset" and that blockchain technologies are not allowed on its client and server apps

Cleaner Bitcoin Mining as US Lawmakers Call for Greater Transparency

The findings of the Bitcoin Mining Council's (BMC) Q2 2022 assessment on the industry's status, power usage, and technological efficiency were released. The nonprofit company asserts that it has data from 50% of the Bitcoin network, or more than 107 exahashes of total hashrate.

Nifty News: A ‘joke’ domain auction that went awry costs BAYC hodler 100 ETH

On OpenSea's 24-hour sales volume list, Nickelodeon's sold-out NFT drop has risen to second place, and former Simpson's animator Erick Tran is now developing an animated NFT series.

Elon Musk claims that Tesla has not sold any of its dogecoin despite having sold 75% of its bitcoin

About 75% of Tesla's bitcoin holdings have been converted to fiat money. The electric car manufacturer now has digital assets worth $218 million after the bitcoin sales.

Ethereum Prices Will Drop to $675, According to Finder’s Experts — Significantly Lower Long-Term Predictions for ETH

Before the end of the year, ethereum will bottom out around $675, according to a group of "industry analysts." Since the beginning of 2022, they have "considerably decreased" their ether price forecasts, and as of right now, they believe the cryptocurrency will conclude the year at $1,711 before increasing to $5,739 by 2025 and $14,412 by 2030.

Owner of Amazon.eth ENS domain rejects Opensea acquisition offer of $1,000,000

An anonymous wallet address on OpenSea made an offer for one million USDC (a stablecoin tied to the US dollar) on Tuesday to the Ethereum Name Service, or ENS, domain Amazon.eth. But there was no response to the offer to acquire the ENS domain, and no deal was made...

Coinbase is sold by Binance Bitcoin Holdings amid bankruptcy rumors

According to its most recent report, exchange in the market with the greatest bitcoin holdings. The honor of being the biggest cryptocurrency exchange in the world currently belongs to Binance, which is praised for its volume.

Elon Musk’s October trial is confirmed via Twitter

This month, Musk abandoned his aspirations to buy Twitter. Twitter is currently suing him in court. Elon Musk, who just reneged on his aspirations to acquire Twitter, has been given a trial date of October. Trial Date in October Elon Musk might not be so willing to quit Twitter.

US hackers captured $500K in ransomware payments and cryptocurrency.

A new rule signed by president Joe Biden in March mandates that vital infrastructure companies in the US disclose ransomware payments to the authorities within 72 hours of receiving them.

US Senator Calls for SEC Regulation after Claiming That Too Many Crypto Firms Can Scam Customers

Too many crypto enterprises have been able to defraud clients and leave ordinary investors holding the bag while insiders make off with their money," claims U.S. Senator Elizabeth Warren.

Service for staking Ethereum Lido announces expansion to layer two

Lido Finance, a cryptocurrency staking service provider, has announced intentions to increase staked Ether (stETH) support throughout the Ethereum Layer 2 network ecosystem.

Binance gets fined by the Dutch Central Bank for using unapproved services

Binance has been fined 3.3 million euros ($3.4 million) by the Dutch Central Bank for providing unauthorized services to Dutch nationals.

Hackers Robbed Premint, Losing Assets Worth $375,000 Advertisement

At least 314 blockchain entries, worth around $375,000, were stolen from Premint NFT platform users in one of the worst non-fungible token thefts of the year.

Tencent’s head of insurance will become CBO of Animoca Brands, according to a report

Animoca Brands has increased its valuation following the financing round earlier this month to around $6 million. The head of insurance at China's technology giant Tencent, Liu Jiaming, is about to join Animoca Brands. According to reports, Jiaming's executive directorship at Tencent's microblogging platform Weibo has been terminated for personal reasons.

4,500 people attend the opening of the Otherside Metaverse demo: highlights

In the "first voyage" tech demonstration of the Otherside Metaverse project connected to Yuga Labs' Bored Ape Yacht Club, some 4,500 individuals have participated (BAYC). The much awaited inaugural voyage took place on July 16 and was accessible to owners of Otherdeed NFT land, referred to as Voyagers, who all purchased tokenized land plots in the Otherside virtual realm.

US and UK to Improve Relations Regarding Crypto Regulation, British regulator says

Nikhil Rathi, CEO of the U.K. Financial Conduct Authority, spoke about the FCA's regulatory objectives on Wednesday at the Peterson Institute for International Economics. The FCA chief stated that cryptocurrency presents both potential and hazards. "At the moment, our mandate is restricted to platform anti-money laundering regulations. These exacting guidelines have been followed, just as we would for any other company wishing to enter the UK market."

Weekly Review of NFTs In A Nutshell

GameStop's new NFT marketplace has outperformed Coinbase's NFT marketplace in less than a week. We evaluate articles like these that have dominated NFT conversation throughout the previous week every weekend.

Ethereum Increases 12% as the Merge Draws Nearer

After a 12 percent increase this weekend, ETH is outpacing the market. Currently, it is being traded for about $1,355.

As BTC reaches $22,000 and ETH surges, more than $160 million in short positions have been closed Above $1,4000

ETH's price soared beyond $1.4K while Bitcoin's price is aiming towards $22,000. As a result, several short bets have been liquidated.

US Inflation is still extremely high, rising to 9.1% in June, according to the White House, which claims that the CPI data is already “out-of-date.”

Inflation in the United States is still burning hot, rising at the highest yearly pace since 1981, according to the most recent Consumer Price Index (CPI) data from the Bureau of Labor Statistics. Even though many officials and economists believed May's CPI data would be the record high, June's CPI data showed a 9.1% year-over-year increase.

Why Migrants Are Using Crypto: The Secret to Achieving the UN Goal of Remittance Costs Being Reduced to Less Than 3% by 2030

According to the most recent World Bank data, the cost that African migrants or expatriates experience when moving money through the so-called formal corridors is still far higher than the UN aim of less than 3%. However, when cryptocurrencies are utilized, the cost is significantly lower than the aim.

As the prices of major NFT brands’ floors rise, CryptoPunk sells for $2.6 million

CryptoPunk 4464's $2.6 million price tag indicates that elite NFT projects are still able to draw some serious interest despite the severe fall in the NFT industry. A single CryptoPunk has sold for a staggering 2,500 Ether (ETH), which translates to a price tag of well over $2.6 million, despite a significant fall in trading activity throughout the whole nonfungible token (NFT) market.

“Space Tycoon” is released by Samsung. Using the Metaverse Platform Roblox

The gaming metaverse will present a setting where Samsung items may be created by picking out the essential parts. Additionally, users will be able to purchase in-game goods through a built-in shop. Users may participate in the Space Tycoon experience by joining the space station, which will provide them resources to develop and manufacture Samsung items.

After a period of high volatility, Bitcoin returned to $20K and Uniswap increased by 11%

After a period of high volatility, Bitcoin returned to $20K and Uniswap increased by 11%

Technical Analysis of Bitcoin and Ethereum: ETH Remains Below $1,100 Despite Wednesday’s Price Rebound

Bitcoin remained to trade below $20,000 on Wednesday despite prices rising throughout today's session. This follows prior dips. Even if the price of ETH was also somewhat higher, it was once more trading below $1,100. As of writing, the crypto markets were up about 1% overall.

Although first-time customers continue to buy, NFT volume experiences an annual low in June

The data behind the market's initial negative cycle are brought into sharp focus by Nansen's NFT research. The nonfungible tokens (NFTs) market dynamics and quantitative performance over the past three months are displayed in Nansen's NFT Indexes Report for the second quarter of 2022

Blockchain gaming remains steadfast As the Crypto Market Crumbles

The majority of investors are focused on the most recent crises surrounding centralized finance (CeFi) and decentralized finances, the blockchain gaming business has subtly weathered the storm better than other market segments (DeFi)

Layer 2 of Ethereum StarkNet Token Confirmed by StarkWare

StarkWare will use the new StarkNet token to provide the community control over the network's governance and development. The token will also be used to reward community operators, who supply the network with computer power to carry out transaction sequencing and STARK proof creation

Elon Musk is being sued by Twitter for abandoning the $44 billion buyout deal

Twitter, a massive social media platform, has sued Tesla and SpaceX CEO Elon Musk in an effort to pressure the billionaire to finalize the acquisition agreement as agreed upon.

How KeychainX Was Able to Recover a 1000 ETH Presale Ethereum Wallet

He participated in the 2014 Ethereum pre-sale, and for just $300 he was able to accumulate 1000 ETH, which now is worth roughly $4 million USD, a 13000x rise in value.

After a 4-hour downtime, the Helium network team fixes the consensus fault

Token transfers and miner incentives were impacted by the network outage, which lasted over four hours due to a Consensus Group failure, but not devices.

Hackers Cost DeFi $678 Million in Q2 2022, New Report Shows

The market for cryptocurrencies has significantly weakened, especially after Bitcoin experienced its worst quarter in 11 years. The Decentralize Finance (DeFi) ecosystem lost $678 million in the second quarter of 2022, according to statistics made public by Immunefi, a top platform for bug bounties and security services.

Launch of the First Licensed British Pound Stablecoin

Blackfridge, a cryptocurrency startup, today introduced "poundtoken," a stablecoin that is governed by British law. The stablecoin, which has the ticker GBPT, is fully backed by sterling reserves. It is the first British pound stablecoin to be minted under regulation.

Launch of the Revolut Crypto Learn and Earn feature

All of Revolut's users have access to the functionality, and they may earn up to $15 for finishing the courses and passing the final exam, according to a press statement the company shared with CryptoPotato. Revolut is valued at $33 billion.

Bitcoin Skeptic Peter Schiff Will Sell Troubled Euro Pacific Bank for BTC if Regulators Let Him

Peter Schiff claims to be open to trading his bank for bitcoin. Gold enthusiast and a bitcoin skeptic Peter Schiff is still attempting to sell Euro Pacific, his bank. But because of its "crass noncompliance with the minimal capital requirements," his bank's activities have been put on hold by the Commissioner of Financial Institutions of Puerto Rico, better known as the OCIF.

Collective Terra projects go to the Polygon ecosystem

Projects that were formerly running on the defunct Terra blockchain have worked together to assist one another in moving to the Polygon layer-two network. By switching to Polygon, more than 48 distinct cryptocurrency projects that were originally reliant on the defunct Terra ecosystem have seen a revival.

Weekly Review of NFTs In A Nutshell

As we move into the second half of 2022, the NFT market is similar to the larger crypto market in that it is moving down Bear Street with no real indications of turning around yet. Daily sales volumes have decreased, Solana's low gas prices and growing population are posing a serious threat, and OpenSea is still having difficulties due to the loss of a co-founder and an increase in suspicious flags on significant items.

A Study of Fan Tokens

Fan tokens are a new type of coin that have emerged as a result of sports teams embracing cryptocurrencies to interact with its supporters. Sports teams may further involve supporters into the team by issuing and selling fan tokens, which are utility tokens.

Growing romance cryptocurrency scams cost Americans $185 million in losses

Between January 2021 and March 2022, US citizens were duped out of almost $1b by cryptocurrency scams, with romance scams accounting for $185 million of the total.

Ethereum Soars to 9-Day High as Bitcoin Retains $20K (Market Watch)

The desired $20,000 level has been maintained for bitcoin despite the recent turbulence. The majority of alternative currencies are also marginally up today, with ETH surging into a near 10-day high of $1,200.

Owners of cryptocurrencies are prohibited from working on US Government crypto policy

Any employee who possesses cryptocurrencies is prohibited from working on Federal crypto regulation, according to a recent legal advice notice from the US Office of Government Ethics. Private cryptocurrency owners in the US government are no longer permitted to participate on legislation or other initiatives that could have an impact on the value of digital assets.

FTX Big Boss claims that the worst of the cryptocurrency crisis is over

Sam Bankman-Fried, the head of FTX, has recently emerged as cryptocurrency's savior, providing desperately needed capital to cryptocurrency businesses that have failed as the value of cryptocurrencies has plummeted.

Short interest in the Inverse Bitcoin ETF has increased by 300 percent

Since the Securities and Exchanges Commission (SEC) first approved them last year, interest in bitcoin ETFs has been high. While some of that interest has subsided, bitcoin ETFs are still a good choice for institutional investors who want to make bets on the digital asset but do not want to hold any of it themselves. The short bitcoin ETFs have now started to take over the market after the success of the futures bitcoin ETFs.

Terra

What changes the Metaverse can bring to the fashion sector

Brands and their customers stand to gain greatly from the integration of the fashion industry with the Metaverse

As the US currency crushes risk assets like gold, bitcoin is under more pressure

Spot gold loses 2% as USD strength increases, surpassing the year's prior heights, while BTC/USD declines by $1,000.

As the crypto winter drags on, Tesla’s Bitcoin Investment declines by $440 million

Tesla didn't get left behind and announced on February 8 that it has bought $1.5 billion worth of bitcoin. The US Securities and Exchange Commission was informed of the cryptocurrency purchasing spree in a filing.

Hackers of British Army social media accounts used them to spread fraud

Hackers took over the British Army's official social media pages on Sunday, exploiting them for more than four hours to promote fake NFT collections and cryptocurrency frauds.

3AC is bankrupt. What Will Happen to Its Billions of Dollars NFT Collection Next?

Some of the most costly and sought-after NFTs in the world are held by Starry Night Capital, the NFT fund established by Three Arrows Capital. Could Three Arrows' art-focused fund be compelled to sell its assets as a result of its bankruptcy crisis?

In June, AUM for Ethereum-Based Investment Products fell by 50%. (Report)

Bitcoin and Ethereum, the two most valuable assets, saw significant drops in price as concerns about the potential bankruptcy of crypto lending firms, notably the crypto native fund Three Arrows Capital, began to surface.

GPU prices have decreased by 57% since January as Ethereum mining profits have decreased

According to data from the tech publication Tom's Hardware, the price of graphics cards continued to decline in June, falling another 14%. Due to a number of causes, including the pandemic and a lack of chips, the new generation of graphics cards launched in 2020 with relatively little stock, which caused prices to rise.

Lower “Wild Ride” for BTC? This week’s top five Bitcoin facts

The holiday weekend is making everyone nervous as BTC price action hovers at $19,000. Bitcoin (BTC) starts a new week still in holiday mode with United States financial markets off for Independence Day.

Bitcoin’s argument for financial independence is strengthened by Peter Schiff’s bank shutdown

Schiff's Bank was shut down by Puerto Rico officials for failing to meet the net minimum capital requirements. Customers were consequently denied access to their accounts after a subsequent freeze. Puerto Rico officials closed down the bank of prominent economist Peter Schiff, who is well-known in the community for his anti-crypto views

After Mark Zuckerberg unveiled the Metaverse Digital Wallet, Meta ended its cryptocurrency project Novi

The demise of the cryptocurrency project Novi has been revealed by Meta Platforms, previously Facebook. It is suggested that users remove money as quickly as feasible. The disclosure came after Meta CEO Mark Zuckerberg revealed the launch of a digital wallet for the metaverse.

Eric Schmidt, a former CEO of Google, is doubtful about the idea of the metaverse

Former Google CEO Eric Schmidt has stated that there is misunderstanding over the idea of the metaverse and what it represents for humans.

VanEck continues to submit paperwork to the SEC for a spot Bitcoin ETF

VanEck believes nothing should prevent the SEC from approving a pure Bitcoin ETF after the regulator greenlighted Bitcoin futures ETFs in 2021.

Coinbase Plans to Expand Internationally and Seeks Licenses Coinbase, a cryptocurrency exchange, is now thinking about expanding outside of America to Europe, broadening its operations beyond its home market

Crypto exchange, Coinbase is now considering on an expansion outside America to Europe, thereby increasing its scope and stretching its operations outside the home market.

51 percent of survey respondents completed a cryptocurrency transaction in Latin America, according to a Mastercard report

According to a recent research by payment processing juggernaut Mastercard, the majority of Latam consumers are aware of what bitcoin is. According to the research, more than half of Latam customers have at least engaged in cryptocurrency-related transactions

Bitcoin Ended the Terrible Q2 on the Market Watch under $20K

Bitcoin Ended the Terrible Q2 on the Market Watch under $20K In the previous day, Bitcoin had a rollercoaster, rising to little under $21,000. It nonetheless ended Q2 with a hefty loss.

Will the development of Bitcoin mining chips by Samsung enliven the cryptocurrency market?

The South Korean business will allegedly begin manufacturing Gate-All-Around-based chipsets this week as part of its foray into the 3-nanometer foundry processor market, Samsung New3sroom said on Thursday.

These Are The Issues With Bitcoin And Ethereum According to This Pentagon Investigation

Security company Trail of Bits published a study on purportedly dangerous flaws that might impact the Ethereum (ETH) and Bitcoin (BTC) blockchains. The U.S. Department of Defense financed the study, "Are Blockchains Decentralized?," through its Defense Advanced Research Projects Agency (DARPA).

What Takes Place With Bitcoin Miners When Prices Drop?

Public miners are steadily approaching a liquidity crunch as payments become due and the miners earn less money owing to market pricing.

According to Elliptic, the Lazarus Group was the criminal group that stole $100 million worth of cryptocurrency from Harmony. North Korean hackers are thought to be responsible

According to Elliptic, the Lazarus Group was the criminal group that stole $100 million worth of cryptocurrency from Harmony. North Korean hackers are thought to be responsible

Grayscale Spot Bitcoin ETF Rejected by SEC, Provoking Lawsuit

By rejecting a highly anticipated exchange-traded fund from the largest digital asset manager in the world, the SEC has reiterated its anti-crypto position.

Poor Dad Rich Dad Robert Kiyosaki said that in order to purchase more, he is waiting for bitcoin to test $1,100.

Poor Dad Rich Dad Robert Kiyosaki said that in order to purchase more, he is waiting for bitcoin to test $1,100.

FTX, a cryptocurrency exchange, is contemplating purchasing Robinhood

the owner of one of the biggest cryptocurrency exchanges in the world, FTX, is thinking about purchasing the American Robinhood Markets

Users Will Now Be Able To Purchase Crypto On Crypto.com Using Apple Pay

Recently, Crypto.com revealed plans to include Apple Pay into both its application and website. Although Apple does not directly enable cryptocurrency payments, customers of Crypto.com will have the opportunity to make in-app purchases.

Bitcoin Is a Commodity, According to SEC Chairman

The chairman of the US Securities and Exchange Commission (SEC), has acknowledged that the watchdog agency views Bitcoin as a commodity. He emphasized that cryptocurrencies are a kind of speculative assets. People expect to earn when they invest in "Bitcoin and hundreds of other tokens.

Did the hacktivist collective Anonymous target Do Kwon of Terra? Or is it only an affinity scam?

A brand-new Anonymous film that criticizes the infamous Do Kwon has appeared. The Terra/UST/LUNA collapse is a gift that never ends because the narrative just won't go away. Additionally, as is frequently the case with Terra-related matters, not everything is what it seems. Anonymous is a decentralized and open hacktivist collective that anybody can join.

Tezos (XTZ) Spikes 9% after Bitcoin Dipped Towards $20K: Market Watch

With a daily growth of 9%, Tezos is one of the few crypto assets that are in the black. Currently, Bitcoin is little under $21,000. After spending a few days ascending, bitcoin's direction yesterday changed and it plummeted around $20,000. The majority of altcoins are currently down, with SOL, DOGE, SHIB, AVAX, and other coins showing daily losses. On the other hand, Tezos has resisted the sentiment of the market.

Signs of a recovery? Ethereum broke its longest streak of 11 red weekly candles

For the first time in eleven weeks, ETH closed the weekly candle in green. On Binance, the cryptocurrency ended last week trading at $1,128.53, peaking at $1,280 and falling to $1,043.65.

Binance announces new payment partner amid suspension of fiat currency deposits and withdrawals in Brazil

Binance has selected a new payment partner amid the suspension of direct fiat currency deposits and withdrawals in Brazil. The company said it will now work with Latam Gateway, a payment processing company that has been brokering payments since 2019. Binance said it will work to normalize fiat deposits and withdrawals in the near future.

SHIB vs. DOGE: Shiba Inu is up 48% in the last week, while Dogecoin sees only a 26% gain

Over the last week, Shiba Inu has seen an upwards push as the returns of the memecoin stand at 48%, while competitor Dogecoin only observes gains of about 26%.

The mining ban has caused a negative reaction from Iran’s cryptocurrency community

The recently reintroduced seasonal ban on cryptocurrency mining has provoked backlash from the local crypto community. This week, the country’s power distribution company ordered miners to suspend activities citing electricity shortages during the hot summer months.

Tencent launches augmented reality module to enter the meta-universe market

Tencent Launches Extended Reality Unit to Tackle the Metaverse Market

Canadian regulator OSC takes action against crypto trading platforms Kucoin and Bybit

Kucoin is permanently banned from participating in Ontario's capital markets. Bybit has promised to take action to comply with the rules and register with the OSC.

ECB Chief Lagarde: Crypto and defi could pose “real risks” to financial stability

European Central Bank (ECB) President Christine Lagarde says crypto-assets and decentralized finance (defi) could pose "real risks" to financial stability

Eminem and Snoop Dogg turn into BAYC characters in new music video

Coinbase discontinues Coinbase Pro, moves all features to mainstream platform Coinbase wants all of its services to be on one platform, so it will eventually stop supporting Coinbase Pro.

“Capitulation” of bitcoin miners may have already happened – study

A research paper claims that metrics on the web prove that miners have capitulated, while whales appear to be the lone bitcoin buyers. Bitcoin (BTC) miners may have already triggered a "capitulation event," according to a fresh analysis

The launch of THORChain’s core network boosted RUNE’s daily rally by 20%

The launch of THORChain's core network has opened the floodgates to bullish activity in its native token, RUNE. Over the past 24 hours, the asset has rallied more than 20% to an intraday high of $2.3 amid a rapid recovery in the overall market.

Coinbase discontinues Coinbase Pro, moves all features to mainstream platform

Coinbase discontinues Coinbase Pro, moves all features to mainstream platform Coinbase wants all of its services to be on one platform, so it will eventually stop supporting Coinbase Pro.

Binance US offers zero commission for trading spot bitcoin pairs

Binance US announced a new pricing model that offers zero commissions for four bitcoin trading pairs, including BTC/USD, BTC/USDT, BTC/USDC and BTC/BUSD.

Nexo turns to Citibank for help with potential acquisitions amid struggling cryptocurrency markets

Nexo has reached out to Citibank for help with potential acquisitions as well as providing liquidity to underperforming cryptocurrency platforms amid a downturn in the market.

Bitcoin could reach a new all-time high in the next 2 years

Changpeng Zhao, CEO of the world's largest cryptocurrency exchange, Binance, believes bitcoin will take months to two years to reach its current ATH of nearly $70,000.

Binance CEO denies giving 3AC a line of credit after its rejection

An international consortium of news organizations developing transparency standards. Lenders at Maple Finance will have to wait, the platform is short on money Changpeng Zhao explained his philosophy on which companies deserve bailouts, and which ones should be left behind.

Lenders on Maple Finance will have to wait, platform lacks money

An international consortium of news organizations developing transparency standards. Lenders at Maple Finance will have to wait, the platform is short on money Maple Finance issued an announcement warning investors that there may not be enough cash in the platform's pools

Bancor Exchange rolls back protection against intermittent losses due to “hostile market conditions”

An international consortium of news organizations developing transparency standards. Bancor exchange rolls back non-permanent loss protection due to "hostile market conditions" Decentralized cryptocurrency trading platform Bancor has halted its non-permanent loss protection mechanism

South Korean authorities banned Terra developers from leaving the country

An international consortium of news organizations developing transparency standards. South Korean authorities have banned Terra developers from leaving the country South Korean law enforcement authorities have banned current and former Terra blockchain developers from leaving the country

Whales buy bitcoin, but cannot stop the decline

At the moment in the world, an international consortium of news organizations is organizing information and media organization for creating standards towards data on transparency. Whales are buying bitcoin, but they can't stop the decline.

Bitcoin miners forced to shut down loss-making business

Bitcoin miners forced to wind down loss-making business Bitcoin miners forced to curtail operations to mitigate losses: electricity prices rise and cryptocurrency prices fall, depriving miners of profits

OpenSea migrates to Seaport protocol: 35% lower fees, cancellation of fees

The OpenSea NFT-marketplace is switching to the Seaport protocol It will allow the user to save up to 35% on commissions.

Coinbase will lay off 1,000 people to survive crypto-winter

In tough economic times, cryptocurrency exchange, like many other businesses in the industry, saves money on everything, including people.More than 1,000 people, or 18% of the total number of employees will lose their jobs at Coinbase in the near future

Tron founder ready to spend $2 billion on vendor war again

An international consortium of news organizations developing transparency standards. Tron founder ready to spend $2 billion again on vendor war Tron ecosystem founder Justin Sun announced his willingness to spend $2 billion to protect the TRX token from short-selling

A new bitcoin high and the collapse of LUNA 2.0. Main news of the week

New LUNA token has dropped 67% in value since launch on May 28 The value of the re-released coin dropped sharply on the first day after being distributed. The rate dropped from $18 to $6 in two days.

Korean police suspect Terraform employee of stealing bitcoins

South Korean authorities have launched an investigation into a Terraform Labs employee for allegedly embezzling bitcoins from the company

Bored Apes Yacht Club non-interchangeable tokens collection developer studio has removed code that allowed infinite generation of NFT tokens

After a year of promises, the developers of the Bored Ape Yacht Club (BAYC) collection have still removed the code that allowed the generation of an infinite number of NFTs on the collection. The co-founder of Yuga Labs, alias EmperorTomatoKetchup, announced this on his Twitter account.

Lithuania has already started to use cryptocurrencies without EU permission

Lithuania intends to create a national cryptocurrency licensing system without waiting for a single EU law. In an interview with CoinDesk journalists, Mindaugas Lytvinskas, deputy prime minister of the Ministry of Finance, said.

“Whales” and “hamsters” disagreed on ApeCoin

An international consortium of news organizations developing transparency standards. "Whales" and "hamsters" have disagreed on ApeCoin The cryptocurrency community of the ApeCoin project disagreed on the future of the Ethereum-based project

Solana network started to support Chainlink oracles

The Solana ecosystem has begun supporting Chainlink-based quote oracles, expanding the toolkit of blockchain developers

Johnny Depp’s NFTs soar in price after court victory over ex-spouse

Depp previously won a lawsuit against his ex-spouse accusing him of domestic violence

The new Ryzen 3 7420U will be available to all laptop and Chromebook users

Today, there was a vote in Albany on a mining moratorium bill. The Senate approved the bill, and now it's up to the governor. If the bill is signed into law, New York will become the first state in the country to outlaw cryptocurrency mining.

Revenue of bitcoin miners decreased by 22% in May

The total income of miners of the first cryptocurrencies amounted to $906 million. Compared with April, the figure decreased by almost 22%. This study is published in the analytical report ForkLogs.

New York Senate approves ban on mining

Today, there was a vote in Albany on a mining moratorium bill. The Senate approved the bill, and now it's up to the governor. If the bill is signed into law, New York will become the first state in the country to outlaw cryptocurrency mining.

Binance and The Weeknd partnered for the world’s first crypto music tour

Yesterday, June 2, crypto exchange Binance announced a partnership with performer The Weekend. The company performed in support of "After Hours Til Dawn," the first-ever Web 3 tour.

South Korea invests $177.1 million in Metaverse

The South Korean government is the first country that dared to invest directly in Metaverse. The country will invest over $177 million in startups

First to go – Gemini acknowledged the onset of cryptowinter

With the market cooling down, Ethereum transaction fees have fallen to their July 2021 levels.

The head of the Terra pyramid was suspected of creating a black steblicoin

With the market cooling down, Ethereum transaction fees have fallen to their July 2021 levels.

FTX surpassed Coinbase in BTC trading volume

Cryptocurrency exchange FTX surpassed Coinbase in bitcoin trading volume for the first time in May.In 18 months, this figure has increased from 5% to 44%. Coinbase managed to keep its market share relatively stable, at about 30%.

MoneyGram will start to provide transfer services in stabelcoins

With the market cooling down, Ethereum transaction fees have fallen to their July 2021 levels.

The district of China will arrange an airdrop with the digital yuan

China's Shenzhen district will give away 30 million digital yuan to boost local economy hit by quarantine

Ethereum transaction fees dropped to July values

With the market cooling down, Ethereum transaction fees have fallen to their July 2021 levels.

Nvidia has announced that the video card market will return to normal soon

CFO Kress said that retail goods inventories in the first quarter of the year are near normal levels, and will remain so in the second quarter. Increases in the number and quality of videocards are helped by an decline in miner activity, as well as Nvidia's own work to combat shortages.

SAMSUNG Electronics will develop a brand new mobile processor for the flagship

Galaxy series of smartphones Samsung Electronics will develop a brand new mobile processor, that will be used only in the flagship galaxies. The Korea Economic Daily reported that the chip will be included in the final devices, as part of the final devices, and it is planned to come out in 2025. By 2023, it is expected to complete the design of the new chip

“A sharp peak of fear has passed.” Bitcoin – what will happen next week

Experts have explained in what case the market will continue to decline and what altcoins may fall in price by another 30%, as well as in what case the market will continue to decline.

New AMD processors will unlock RAM potential better than Intel

Intel's 13th-generation Raptor Lake-S and AMD Ryzen 7000 desktop processors will be released around the same time. Both platforms will support PCIe Gen 5.0 and DDR5. However, it looks like AMD processors will have a slight advantage in memory support capabilities.

NFT in cars, concert ticketing and other blockchain initiatives

"NFT" in cars, concert ticketing and other blockchain initiatives have been launched. The NFT system is used for car payments, parking lot reservations, they are also included on many of them.

Where to buy a new LUNA

The Terra 2.0 "Phoenix-1" blockchain has gone live, and major exchanges have confirmed that the new LUNA will be available on their platforms. Holders of the old LUNA have the option of purchasing or selling from LUNA 2.0.

Ethereum killers suffer great losses

This week, Bitcoin lost only approximately 1.56 percent, but Ethereum dropped 9.9 percent to $1,780.

After testing the key support, Bitcoin came under pressure after falling in price after testing key support.

It became known that bitcoin's fall on Thursday led to a test of important support near the $28,650 mark, which is worrisome, but bitcoin quickly recovered thereafter. Since last night, it has been testing lower and lower highs since last night.

Elon Musk announced that SpaceX will accept payment in dogecoin

Dogecoin, a popular cryptocurrency token, will be accepted by SpaceX as payment without delay, wrote Elon Musk on Twitter, which caused a sharp increase in the price of the cryptocurrency, as other cryptocurrencies have fallen.

Buffett vs BTC: why investors don’t value it

This week, BTC is struggling to overcome 7 straight weeks of declines, hovering around $30,000. The world's leading cryptocurrency has erased its 2022 gains and is losing more than half of its value from its November 2021 highs.

Avalance lost 57% in May following Terra/LUNA crash

In trading on Thursday, May 26, Avalanche quotations fell by double digits after it had already lost 18% in just one week and 57% in all of May.

Terraform Labs postponed the launch of the new ecosystem to May 28

Token distribution will begin a day later than planned. UST price drops to $0.03 Cryptocurrency company Terraform Labs is postponing the launch of the Terra 2.0 network and new token distribution to May 28, it announced on its official Twitter page.

Cryptocurrency community cheated a fraudster and recovered stolen NFT tokens

The scammers received only 2% of the resale price they requested. Stolen items returned to owner The World of Solana (WOS) cryptocurrency community has tracked down and recovered some of the NFTs stolen for resale, buying them back for 2% of the value assigned by the attacker.

Terra Community Approves the Burning of 1.3 Billion UST

99.39% of community members voted "yes" to the extraordinary "burn" Administration to burn 1.3 billion UST to reduce supply and price pressure on LUNA

Stablecoins – a new way to make money? How it works

High fluctuations in rates of cryptocurrencies tied to the U.S. dollar have created new opportunities for profit.

Analyst points to the fall of DOGE despite the support of Elon Musk

Even the fact that Musk proposed to accept DOGE as a payment for special Twitter services did not help the meme.

Traders lost over $410 million in 24 hours amid the collapse of the crypto market

Positions of more than 100 thousand users of crypto-exchanges were forcibly closed due to the fall of Ethereum prices to $1.7 thousand and bitcoin to $28 thousand.

Ethereum fell in price by 10% per day and updated the minimum from July 2021

The value of the cryptocurrency fell below $1.8 thousand.

Developers named the cause of the Ethereum test network failure

There was an unintended reorganization of 7 blocks in the Beacon Chain network. The blockchain team does not consider this to be someone's deliberate action.

AMD confirms Ryzen 7000 CPU running game at 5.5 GHz was not overclocked

For us to look forward, the 2022 gaming demo showing off its Zen 4 processor hitted 5.5 GHz and information on an upcoming IntelZen4 CPU has been revealed by AMD

Ember Sword, the NFT-Driven MMORPG, is featured in the NFT Project Spotlight

MMORPG Ember Swords is hoped to be the first Web3 MMORPG.

USDT Dominance Begins To Decline Untethered: Top Stablecoin USDT Dominance Begins To Decline

After the collapse of the UST, the USDT has lost almost $10 billion in reserves

The Metaverse is popular in developing countries, but not in developed countries, according to a World Economic Forum poll

According to a poll performed by the World Economic Forum, interest in the Metaverse and virtual or augmented reality (VR/AR) is substantially higher in poor nations than in high-income ones (WEF).

JPMorgan Sees ‘Significant Upside’ in Bitcoin, Declaring It the ‘Preferred Alternative Asset’ in Place of Real Estate

JPMorgan's Bitcoin price target is 28% higher than where it is now.

Terra

The following crypto investor and influencer was arrested for visiting Terra Founder Do Kwon’s apartment

A streamer called “Chancers” who lost $ 2.4 million in the LUNA crash was identified as an unknown person visiting Terraform Labs’ founder Do Kwon.

Terra Tron

Thanks to the launch of a stable coin inspired by Terra, TRON DeFi is growing

The most important takeaways are: At the moment, The DeFi TRON ecosystem is experiencing rapid progress in its development. There are no doubts that it is currently the second largest blockchain in terms of total value, after only BNB Chain and Ethereum. How can you explain its new algorithmic stable USDD coin? What do you […]

Accused Of Racism And Homophobia NFT Project by Milady’s Charlotte Fang

After a flurry of trolls on Twitter, Dune founder Charlotte Fung abandoned the idea of an NFT called Milady.

Ethereum

Do Kwon warns Terra community not to use LUNA record address

TerraForm Labs founder and CEO Do Kwon announced a plan to revive the company, receiving conflicting reactions. Many users expressed doubts about the effectiveness of the hard fork to restore the plummeting price of Terra (LUNA) and TetraUSD U.S. tokens (UST).

Ethereum

At the Davos conference, Ray Dalio said that blockchain is good, and we should call it digital gold.

This week was dedicated to the meeting of the World Economic Forum (WEF) in Davos, Switzerland. The meeting will be held on May 22 and will conclude on April 26.

Norwegian Parliament rejects bill to ban energy-intensive mining

A bill by representatives of the left-wing parties aimed at a complete ban on energy-intensive mining of cryptocurrencies did not get the support of the majority of Norwegian deputies. In November 2021, the Norwegian government began to consider proposals for a partial ban on mining cryptocurrencies, put forward by the Swedish regulatory authorities. The background […]