October 4, 2022

First Mover Asia: Bitcoin Climbs Back Past $19.5K Amid Fresh Hopes for a Fed Retreat; Binance’s Failed Plan to Boost the Price of Luna Classic

The largest cryptocurrency by market capitalization and ether both spent much of Monday in the green.
October 4, 2022

Rare David Bowie NFT Collaboration With FEWOCiOUS Sells for $127,000

The high-value sale on OpenSea continues a trend of celebrity estates minting postmortem memorabilia on the blockchain.
October 4, 2022

What Is EthereumMax? Inside the Crypto Kim Kardashian Lost $1.2M Promoting

EthereumMax and the EMAX token won investors over with big promises and flashy names. But has it delivered?
October 4, 2022

Luna Classic, Remnant of Terra Collapse, Drops After Underwhelming Binance Burn Mechanism Data

Binance’s scheme destroyed only 0.08% of the token’s bloated supply, too minuscule to have a lasting impact on the hyperinflated token.
October 4, 2022

Court Rules CFTC Legally Served Ooki DAO Through Help Bot

The ruling came the same day a group of crypto lawyers and developers filed to join the CFTC’s case against Ooki DAO.
October 4, 2022

Argentina’s State-Owned Energy Company Moves Into Crypto Mining

YPF is currently supplying power for a 1 megawatt operation and plans to launch a second project eight times larger before the end of the year.
October 4, 2022

Market Wrap: Bitcoin and Ether Kick Off Week in Positive Territory

“Whale” investors moved a large volume of bitcoin off exchanges. The trend is often a bullish signal, suggesting investors are more interested in holding their bitcoin. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
October 4, 2022

Azurbala NFT Mint Postponed After Art Goes Viral for Wrong Reasons

“We failed at doing the very thing that we do best, which is to involve the community in the creative process,” says an Azurbala co-founder.
October 4, 2022

A16z Leads $40M Funding for Web3 Data Protocol Golden

The protocol will use tokens to incentivize users to submit accurate information.
October 4, 2022

Bitcoin: estabilidad se asemeja a la calma de 2018 que terminó con una caída de 50%, según comunidad cripto de Twitter

A destacados analistas cripto les preocupa que la consolidación de precios de bitcoin indique que se avecina una caída más profunda, tal como sucedió hace cuatro años.
October 3, 2022

Decentralized App BCH Bull Prepares for Launch, Platform Allows Users to Long or Hedge Bitcoin Cash Against a Myriad of Tradeable Assets

Just recently the developers behind the Bitcoin Cash-centric project Anyhedge released the alpha version of the Anyhedge Whitelabel and since then, 284 smart contracts were created onchain, and more than $32,900 in funds hedged using the alpha protocol. Furthermore, this month, General Protocols, the engineers behind Anyhedge, revealed the team plans to launch a decentralized application (dapp) on the Bitcoin Cash blockchain that allows anyone to long bitcoin cash against a myriad of tradeable assets. General Protocols to Launch a Decentralized Application That Allows Users to Hedge or Long Bitcoin Cash, Anyhedge Alpha Whitelabel Recently Released In recent times, there’s been a few different projects building within the Bitcoin Cash (BCH) ecosystem. One protocol called Anyhedge just released the protocol’s alpha version, which allows users to create smart contracts onchain. Furthermore, the team behind Anyhedge, General Protocols, recently summarized the […]
October 3, 2022

The SEC is bullying Kim Kardashian, and it could chill the influencer economy

The feds should have tried to work with Kardashian to establish more transparent norms for influencers rather than slapping her with a $1.26 million fine for promoting EthereumMax.
October 3, 2022

The XSwap Treasure Token Aims to Impress by Providing Many Useful Functionalities

PRESS RELEASE. XSwap is a name that has been gaining considerable attention lately for a compelling reason. The XSwap Treasure Token, XTT, may best be defined as XSwap Protocol’s farming reward token. Furthermore, it serves as the native token of their subproject known as the XSwap Launchpad. What’s there to know? The launchpad provides a comprehensive solution to projects seeking a wide range of services, such as project token generation, pre-sale funding, token and liquidity locking, and multi-sending tokens. The team shall add additional features to the launchpad as they deem fit in the future. These changes depend on what the team sees as beneficial for both XSwap and the end users. XTT tokens can be staked by users to earn more XTT. With no minimum or maximum limits, users have the freedom to stake whatever amount that they desire. […]
October 3, 2022

a16z leads $40M raise for decentralized knowledge protocol

Golden, which has now raised roughly $60 million in cumulative funding, also receives a16z general partner Ali Yahya to its board.
October 3, 2022

US Treasury recommends lawmakers decide which regulators will oversee crypto spot market

“The report recommends the passage of legislation in providing a rulemaking authority for federal financial regulators over this market,” said economist Jonathan Rose.
October 3, 2022

Tether CTO Says US Treasury Notes Account for More Than 58% of USDT’s Reserves

On Monday, the chief technology officer of Tether Holdings Limited, Paolo Ardoino, explained that U.S. Treasury bills represent more than 58% of the company’s reserves. The announcement follows Tether hiring the accounting firm BDO Italia and the stablecoin issuer’s quarterly attestation, which had shown a decrease in commercial paper holdings. Tether’s Commercial Paper Holdings Shrank to Less Than $50 Million According to Tether’s CTO, U.S. Treasuries account for a large fraction of the company’s USDT reserves. Tether’s CTO Paolo Ardoino tweeted about Tether’s portfolio update on Monday. Ardoino was also asked when he expected Tether’s next transparency update to be published and the Tether CTO replied: “Deadline is usually 45 days — But with the new auditor we’re improving processes to reduce timelines.” In the portfolio update, Ardoino said: Tether portfolio update. Tether as of 30 September 2022 holds ~58.1% […]
October 3, 2022

A crumbling stock market could create profitable opportunities for Bitcoin traders

U.S. tech giants are set to report their second quarter earnings throughout October, presenting a scenario that could possibly benefit Bitcoin.
October 3, 2022

Binance burns $1.8M in LUNC trading fees following community proposal

According to the crypto exchange, the burn was the equivalent of 1,863,213.47 USDT — roughly 5.5 million LUNC.
October 3, 2022

DeSo is Elon Musk and Jack Dorsey’s Answer for Decentralized Social Blockchain

Los Angeles, CA, 3rd October, 2022, Chainwire Takeaways: Jack Dorsey and Elon Musk’s Messages call for a decentralized social media blockchain: DeSo could be the answer. Sam Bankman-Fried, […]
October 3, 2022

Cathie Wood’s ARK Invest to offer crypto strategies to investment advisors

In partnership with Eaglebrook, the strategies will be offered to registered investment advisors.
October 3, 2022

Data Shows Bitcoin’s Hashrate Has Grown by More Than 4 Quadrillion Percent Since 2009

Following the network difficulty change six days ago on September 27, Bitcoin’s hashrate surpassed the 295 exahash per second (EH/s) range two times during the first two days of October. Presently the network is coasting along at 229 EH/s and block intervals have been faster than the ten-minute average, which means another upward difficulty adjustment is likely in the cards. With Bitcoin’s mining difficulty looking as though it will reach another all-time high (ATH), the network’s hashrate has increased exponentially from six million hashes per second to the recent two hundred ninety-five quintillion hashes per second. Bitcoin’s Network Hashrate and Difficulty Continues to Rise Bitcoin’s computational power is a whole lot stronger than it was 13 years ago. The network’s mining difficulty reached an all-time high just recently on September 13, 2022, at block height 753,984. The height the mining […]
October 3, 2022

5 Of The Most Reliable DeFi Projects To Watch In 2023

Decentralized finance is poised to rebound as the cryptocurrency space gears up for its next big bull run. While 2022 hasn’t been the best of years for crypto or DeFi, with values falling sharply and several well-known projects coming apart at the seams, there’s a widespread perception that from here on in, the only way is up! That view is based on the general feeling that cryptocurrency prices appear to have bottomed out. With that, many people believe it’s only a matter of time before major tokens like Bitcoin and Ethereum start to regain some of the value they’ve lost over the last few months. When the crypto market does bounce back, it will likely spark a second major wave of investment in DeFi, leading to huge opportunities for anyone who backs the right horse. The question as always is, […]
October 3, 2022

Upside capped at $980B total crypto market, according to derivatives metrics

A bearish formation in the total market capitalization chart has been gaining strength after two failures to break its resistance level.
October 3, 2022

Bitcoin price sets October high with $20K in reach as US stocks rally

Traders say Bitcoin is overdue for a breakout, but are also keeping a lid on how optimistic they should be about a macro trend reversal.
October 3, 2022

Kim Kardashian Fined $1.26 Million After Promoting Crypto Token

The U.S. Securities and Exchange Commission (SEC) has fined Kim Kardashian with $1.26 million as she promoted a crypto token called EthereumMax (EMAX). The reason of the fine […]
October 3, 2022

Cardano Founder Says Age Of Voltaire Is Close, Community Remains Bullish On ADA

Cardano has just finished another important upgrade, and things have been running smoothly since then. As has always been the case with the network, there is always work going on to improve the performance and overall experience of users in the ecosystem. Since Vasil has been working as intended, Cardano founder Charles Hoskinson has released a teaser for the next phase of the network. The Age Of Voltaire Like always, Charles Hoskinson took to Twitter to give the community an update on what it to come. This time around, the Cardano founder explained that the network was entering a new era. The “Age of Voltaire,” as he calls it, looks to be a way to further the decentralization of the network. Hoskinson’s tweet pointed to this new era being one that is targeted toward the builders and users of the […]
October 3, 2022

Clean Spark Buys Mega Mining Facility in Georgia

Crypto mining firm Clean Spark is purchasing a whole new bitcoin mining facility in the city of Mawson, Georgia. The business – which is being sold for approximately $33 million – will help Clean Spark by increasing its hash rate to about 1.3 exahashes per second. Clean Spark Is Building Its Empire The topic of crypto mining continues to be a controversial one. Without mining, there would be no crypto. We all know that by now. For the most part, unless something like staking is involved such as with a proof of stake (PoS) module, most digital asset units are placed in circulation through the process of staking, which requires computers to solve complicated mathematical equations. From there, whatever units are taken from their respective blockchains are added to the seller’s pot. Mining is an important part of the crypto […]
October 3, 2022

Top Crypto Exchange LBank at Token 2049: Successful Exhibition and Afterparty

PRESS RELEASE. SINGAPORE, Oct. 3rd, 2022 – Global crypto exchange, LBank, joined Token 2049 in Singapore as sponsor and exhibitor. LBank was welcomed with open arms at the Token 2049 venue and continued to host a successful after-party. As one of the rise-and-coming major crypto hubs, Singapore hosted a diverse crowd of crypto lovers and gave LBank the great chance of meeting many users and fans in person. With over 7000 attendees and 2000 companies represented, TOKEN 2049 is currently the biggest event in crypto. The event also coincides with the Formula 1 Singapore Grand Prix, making Singapore the most exciting place to be at the moment. LBank’s team was very glad for this opportunity to connect with our Asia-based users and partners. LBank had the honor of exhibiting at Token 2049 and meeting many projects, partners, and media representatives […]
October 3, 2022

NYDIG raises $720M as Bitcoin balance hits all-time high

An SEC filing reveals NYDIG’s intent to raise $720 million while a recent press release shows the company’s commitment to HODLing.
October 3, 2022

The Crypto Inheritance Problem Has Been Solved, But No One Told CZ

Binance founder and Chief Executive Changpeng Zhao says the crypto world has an inheritance problem that’s yet to be solved, and argues that DeFi will not see mass adoption until it comes up with a solution. Crypto inheritance is certainly a major headache for anyone who possesses significant digital assets, but it’s not the insurmountable problem that CZ seems to think it is. In a recent interview with Crypto Banter, CZ claimed that wallet accessibility is today one of the hardest problems in the crypto industry, adding that if he was not too busy running Binance, he would eagerly try to come up with a solution himself. “I wouldn’t go for the most promising, I would actually go chase the hardest problem, which today I think is the wallet,” CZ said. “The wallet is the main blocker for mass DeFi […]
October 3, 2022

XRP price could rally by 50% based off comments from a former SEC director

XRP investors are hopeful that a potential court victory against the SEC could send the altcoin price at least 50% higher.
October 3, 2022

Japanese prime minister says gov’t investment in digital transformation will include Metaverse, NFTs

According to Fumio Kishida, the government of Japan’s investment in digital transformation included issuing NFTs to local authorities using digital solutions.
October 3, 2022

Biggest Movers: UNI Rebounds From Recent Losses on Monday

Uniswap was back in the green on Monday, as the token rebounded from two days of consecutive declines. The move saw prices climb towards a resistance level of $6.70, which has been in place since late August. Maker was also in the green, climbing by nearly 5% in today’s session. Uniswap (UNI) Uniswap (UNI) was a notable mover on Monday, as the token rebounded following a string of back-to-back declines. Following a bottom of $6.21 on Sunday, UNI/USD surged to an intraday peak of $6.53 earlier in today’s session. The move saw uniswap move close to a key resistance point of $6.70, which has been in place since August 25. Looking at the chart, UNI is also nearing a ceiling on the 14-day relative strength index (RSI), which could prevent prices from gaining further momentum. As of writing, the index […]
October 3, 2022

Bitcoin Price: Has BTC Reached The Final Stages Of The Bear Market?

Currently, Bitcoin is going through one of the harshest bear markets ever. As this is being written, Bitcoin prices have fallen below the important psychological threshold of $20,000. There is a lot of back and forth action between the 78.60 Fib retracement level and where the price now is. This suggests that sellers and buyers are engaged in a fierce tug of war, resulting in a wide price swing over the intraday time frame. But a market researcher predicts that the Bitcoin bear market is nearing its end. Maybe Bitcoin can extricate itself out of this mess? Bear Market Tests BTC Resilience A research from Cryptoquant detailing Bitcoin’s current bear market situation was just released. Recent research suggests that an increase in Bitcoin holders may signal the end of the bear market. There is a statistic called “exchange inflow – spent output […]
October 3, 2022

Celsius-Themed Monopoly Game Irks Crypto Fans

A new Celsius-themed Monopoly game is coming out for crypto users to “enjoy,” but the problem is that many people out there don’t seem too thrilled or amused by the product. In fact, this is now getting Celsius a lot more flak than when it decided to file bankruptcy and halt all withdrawals. Celsius Continues to Stoke the Fire We all probably remember playing Monopoly as a kid. The game would often take days, weeks, or even months given how strict you were with the rules. The idea of earning money, chalking up properties, and avoiding jail has become one of the most fun and talked-about board games in modern history, and there have been several renditions of it over the years. But with this new Monopoly game based on failed and notorious crypto lending network Celsius, people are clearly […]
October 3, 2022

USDC Will Integrate With Decentralized Social to Bring Web3 to The Masses

Los Angeles, California, 3rd October, 2022, Chainwire A USDC integration with DeSo, a new blockchain that has raised $200 million from Coinbase, Sequoia, and Andreessen Horowitz, is launching […]
October 3, 2022

What remains in the NFT market now that the dust has settled?

From profile pictures to celebrity endorsements, NFT space has changed a lot since the market boom in 2021.
October 3, 2022

SEC Charges Socialite Kim Kardashian for Unlawfully Touting Ethereummax

On Monday, the U.S. Securities and Exchange Commission (SEC) filed charges against the celebrity and socialite Kim Kardashian for unlawfully promoting the crypto asset Ethereummax. The U.S. regulator detailed that Kardashian agreed to settle the charges and pay $1.26 million in penalties, and plans to cooperate with the SEC’s ongoing investigation. Kardashian Charged by SEC, Celebrity Agrees to Pay $1.26M in Penalties and Will Not Tout Any Crypto Assets for 3 Years In mid-June 2021, Bitcoin.com News reported on the reality television series star Kim Kardashian and how she was shilling a token called ethereummax (EMAX). At the time, she shared an Instagram post that was marked as an “#AD,” and Kardashian said she was “sharing what my friends just told me about the Ethereum Max token.” Kardashian wasn’t the only celebrity that shilled EMAX, as the token was also […]
October 3, 2022

Kim Kardashian To Pay $1.2 Million And Settle With SEC On EthereumMax Promotion

According to a press release from the Securities and Exchange Commission (SEC), influencer and socialite Kim Kardashian was charged with allegedly promoting a “crypto security”, called EthereumMax. The celebrity has agreed to cooperate with the regulator’s investigation. This is not the first time that Kim Kardashian has had to enter or settled a legal action against her. In the crypto space, the EthereumMax promotion has been chasing her across 2022 and might set the ground for other actions against other celebrities. Kim Kardashian Out Of Crypto Promotion For Years In late 2021, Kim Kardashian used her Instagram account to promote a project called EthereumMax and its native token EMAX. The socialite was transparent with her followers and disclosed that the post was an advertisement, but this failed to deter the SEC from pressing charges. According to the release, Kim Kardashian […]
October 3, 2022

Crypto Lender Celsius CEO Withdrew $10 Million Weeks Before Bankruptcy

Alex Mashinsky, the former CEO of Celsius, withdrew $10 million from the crypto lending platform just weeks before it froze user assets and suspended withdrawals in June, according to unnamed sources cited by the Financial Times. The decision to withdraw cash caused worry, and the cryptocurrency community questioned whether Mashinsky had knowledge the company would be having financial difficulties. At the time, the collapse of the Terra ecosystem was shaking up the crypto markets. That month, $60 billion in value disappeared from the Terra ecosystem. Mashinsky withdrew cryptocurrencies in order to pay state and federal taxes, according to a representative for the New Jersey-based company Celsius. Celsius: Cracking Under Pressure Celsius had 1.7 million clients and $25 billion in assets under management (AUM). Nevertheless, the crypto lender’s balance sheet was left with a $2.85 billion shortfall as a result of […]
October 3, 2022

Bitcoin Lightning Network capacity strikes 5,000 BTC

The growth in Bitcoin added to the layer-2 Lightning Network has electrified over the past year, hitting 4,000 Bitcoin less than four months ago.
October 3, 2022

Crypto Scams in Australia Are Getting Huge

The region of Queensland in Australia has, as of late, been a hub for crypto fraud and related scams, and it looks like residents have lost close to $40 million at the time of writing. This is a huge uptick from the number reported just last year during this time, which was around $20 million. Australia and Crypto… Not the Greatest Match? Throughout Australia, as much as $263 million has been lost to crypto scams. Federal police in Australia now refer to the growing threat as a serious problem across the country. One person who fell victim to such scam activity was a young woman who’s simply going by the name “Ella.” She was prompted to invest her life savings (approximately $34,000) into a phony investment scheme, and she’s yet to receive any of that money back. She commented in […]
October 3, 2022

Kim Kardashian pays SEC $1.26 million to settle EthereumMax charge

The United States SEC charged the American celebrity and influencer for promoting a cryptocurrency asset security without disclosing payments received to her followers.
October 3, 2022

Bitcoin, Ethereum Technical Analysis: BTC, ETH Marginally Higher as USD Weakens on Monday

Following a red start to October, crypto prices moved marginally higher during Monday’s session. After a brief stint below $19,000 on Sunday, bitcoin rose back above this point, as the U.S. dollar began to weaken against other G7 currencies. Ethereum was also in the green, momentarily moving above $1,300. Bitcoin Bitcoin (BTC) was trading marginally higher on Monday, as crypto prices reacted to a weaker U.S. dollar. Following last week’s rally in USD, the currency eased to start the month, giving way to the return of bitcoin bulls. BTC/USD rose to an intraday high of $19,312.48 in today’s session, less than 24 hours after trading at a floor of $18,970.62. Looking at the chart, the move saw the token marginally rise above its resistance point at the $19,300 level, which has historically been an area of uncertainty. As of writing, […]
October 3, 2022

Binance signs MoU with Kazakhstan to fight financial crime

Binance claimed that its compliance infrastructure is among the best in the world and has helped them to obtain regulatory approval even in countries where they were deemed illegal until last year.
October 3, 2022

Spanish Telecom Giant Telefonica Invests in Bit2Me, Pilots Cryptocurrency Payments

Telefonica, one of the world’s largest telecom companies, has closed an investment in the Spanish cryptocurrency exchange Bit2me. The company, which has been very active in the metaverse space, is entering the crypto payments arena by running a pilot to allow its customers to make payments via its online store Tu.com with an upper limit of $490. Telefonica Invests in Cryptocurrency Exchange Bit2me Telefonica, the fourth-largest telecom company in Europe, has decided to tackle the cryptocurrency business. The company announced an investment in Bit2me, a Spain-based cryptocurrency exchange, that will give it access to the implementation of the technology stack of the organization. The investment, whose details and numbers were not disclosed, is the first move of the company in the crypto area. Unnoficial sources disclosed that this participation could be between $20 and $30 million, giving Telefonica a very […]
October 3, 2022

Frutti Dino’s FDT Token to Be Listed on Huobi Global and Gate․io

Monoverse, a blockchain game developer, announced the simultaneous listing of FDT (Frutti Dino Token), the governance token of its blockchain game Frutti Dino, which will list on global crypto exchanges Huobi Global and Gate.io from October 5th. Huobi Global and Gate.io announced on September 30th that FDT would be listed, and trade would begin on October 5th. Frutti Dino’s listing on the two exchanges represents an extremely significant step toward international recognition. Developed based on BEP-20, FDT (Frutti Dino Token) is the governance token of Frutti Dino, one of the most anticipated NFT Play-to-Earn games of 2023. A lot of effort is being put into preparing for the upcoming launch of Frutti Dino’s main game following the successful completion of its private sales last year and the first and second pre-sales in early 2022. It is anticipated that Frutti Dino […]
October 3, 2022

The New Market Makers: What This Change Means for You

Coin Liquidity Solutions (CLS Global) is a growing trading and marketing agency that focuses on cryptocurrencies. It provides various services to ensure that all your defi project goals are achieved. With over five years of experience on the market, CLS Global is well equipped with the knowledge and skill needed to give you the best. In the years they’ve been in business, CLS Global has created over 60 marketing campaigns and currently has more than 200 active clients. The platform also has over 80 integrated exchanges. The crypto industry is experiencing more growth than ever which is why crypto-related industries have discovered many innovative ways to improve their systems. Market makers are not left out of this equation. As an integral part of the crypto industry, market makers have had to adjust to the changes. Nowadays Market Making cannot be […]
October 3, 2022

Ether staking is too difficult, community members claim

Some are arguing that it would be healthy to admit that Ether staking is not for everyone yet.
October 3, 2022

XDC Network Acquires $50 Million From LDA Capital to Foster Ecosystem

The XDC Network has utilized a portion of its personal token allocations to help secure a $50 million commitment from global alternative investment firm LDA Capital Limited. This will aid in the development and expansion of Layer 2 projects across the XDC Ecosystem and to enhance network adoption and utility. The XDC Network, which was introduced in 2019, has recently seen the establishment of DEXs, Metaverses, NFT marketplaces, oracles, decentralized email providers and cloud storage, payment dApps, legal document repositories, and tokenized real-world assets. The number of projects built on XDC has already increased relentlessly and exponentially. The inclusion of LDA’s assistance will only accelerate the rate of growth. Atul Khekade, Co-founder XinFin (XDC) Network said that “Though there have been many institutional funds eager to participate in the XDC Network over the years, we’ve always looked for genuine strategic […]
October 3, 2022

Stellar Lumen (XLM) Price Remains In Uptrend Above $0.114

Stellar lumen price started a fresh increase above the $0.1100 resistance zone against the US Dollar. XLM price is now trading above $0.1140 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.1080 on the 4-hours chart (data feed via Kraken). The pair could continue to rise if it stays above the $0.1160 and $0.1140 support levels. Stellar lumen price is trading above $0.1140 against the US Dollar, similar to bitcoin. XLM price must stay above the $0.1140 support to rise further. Stellar Lumen Price Analysis (XLM to USD) After forming a base above the $0.1065 level, stellar lumen price started a fresh increase against the US Dollar. The XLM/USD pair broke the $0.1100 resistance zone to move into a positive zone. There was a steady increase above the […]
October 3, 2022

BTC price still not at ‘max pain’ — 5 things to know in Bitcoin this week

Bitcoin has plenty of obstacles to weather in the current macro storm as two-year weekly close lows remain inches away.
October 3, 2022

Forex Shortages Blamed After Nigerian Currency Hits New Low Versus the US Dollar

A surge in the demand for foreign exchange and the general scarcity of the resource may be the reasons why the naira currency recently slumped to a new all-time low of 735 versus the U.S. dollar, a report has said. One Nigerian currency dealer said he expects the naira to further depreciate to 750 per dollar in October. Foreign Exchange Scarcity On September 29, the Nigerian currency lost further ground versus the greenback after the naira’s parallel market exchange rate slumped to 735 units per dollar. The naira’s latest plunge came just days after the Central Bank of Nigeria (CBN) announced a 150 basis points (bps) upward adjustment of the monetary policy rate (MPR). As reported by Bitcoin.com News just before the CBN’s interest rate increase, one U.S. dollar bought 720 nairas on the foreign exchange parallel market. The Central […]
October 3, 2022

Bitcoin Safe Haven Status Proven As Dollar Seen Crashing In 3 Months, Kiyosaki Says

Bitcoin has defied the downward trend of major currencies such as the British pound (GBP) and Chinese yuan by increasing 6.5% over the previous week and nearing the $20,000 level. Throughout the course of the year, the U.S. Federal Reserve raised interest rates in an effort to combat skyrocketing inflation, resulting in a significant appreciation of the US currency. Financial insecurities have ravaged global markets. And although Bitcoin has reacted to financial fluctuations for the most part, its remarkable surge over the past week has amazed many traders and highlighted the unstable times. US Dollar Strength Is Short-Lived? Even though the US dollar has been doing well recently, Robert Kiyosaki, author of the best-selling personal finance book “Rich Dad, Poor Dad,” has returned with a grave warning: The strength of the dollar won’t last forever. Kiyosaki tweeted over the weekend to his 2.1 […]
October 3, 2022

TIDEFI Streamlines Access To Financial Services As Mainnet And DEX App Go Live

Decentralized finance is one of the biggest industry verticals on blockchain and crypto. Unfortunately, it remains a relatively inaccessible industry for those not familiar with the jargon and tools TIDEFI will change that narrative for the better through its one-stop-solution application for desktop and mobile. Improving Access to Decentralized Finance There are many reasons why people get excited about decentralized finance. It is an industry where one can put cryptocurrency assets to use in various ways. Doing so enables asset holders to explore passive revenue streams by providing liquidity, staking, yield farming, or otherwise. However, entering the space remains a steep hurdle, as users need various types of software – depending on device type – to access everything. TIDEFI offers a more elegant solution through its unique platform and ecosystem. It is a project designed to strengthen financial inclusion and […]
October 3, 2022

Ripple Price Analysis: Bulls Aim Fresh Increase To $0.55

Ripple price started a downside correction below $0.50 against the US dollar. The price is now trading below $0.4800 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.4640 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could rise again if it stays above the $0.4200 and $0.4000 support levels. Ripple price is correcting gains from $0.520 against the US Dollar, unlike bitcoin. XRP price must stay above $0.4200 and $0.4000 to continue higher. Ripple Price Analysis After forming a base near the $0.4200 zone, ripple price started a fresh increase against the US Dollar. The XRP/USD pair was able to clear the $0.4500 resistance zone. The price even broke the $0.5000 resistance and the 55 simple moving average (4-hours). XRP climbed above the $0.5050 […]
October 3, 2022

Japanese Gaming Giant Sega to Launch First Blockchain Game

Sega, one of the largest Japanese gaming companies, has announced that it will launch its first blockchain game in collaboration with Double Jump Tokyo, another Japanese development company. The game, which is based on Sega’s Sangokushi Taisen franchise, will be built using Oasys, a Japanese scaling-focused project, to support its blockchain elements. Sega to Launch First Blockchain Gaming Project Sega, one of the most influential Japan-based gaming companies, has announced that it will build its first blockchain-based game. The project, which will be built by another gaming company, Double Jump Tokyo, will be based on the Sangokushi Taisen franchise, a popular arcade game in Japan. The Sangokushi Taisen franchise is comprised of a series of strategy games that allows its players to use of virtual cards in the virtual field. The structure of the game lends itself to the implementation […]
October 3, 2022

Robert Kiyosaki calls Bitcoin a ‘buying opportunity’ as US dollar surges

The best-selling author of Rich Dad Poor Dad has tipped Bitcoin and two other commodities as buying opportunities, noting a U.S. dollar crash could occur by January.
October 3, 2022

Sam Bankman-Fried sheds light on how FTX would approach a Celsius bid

The FTX founder said the company paid the “fair market price” for Voyager’s assets and would look to do the same in a deal for Celsius’ assets.
October 3, 2022

XDC Accelerates Network Expansion With LDA’s $50 Million Investment

XinFin (XDC) Network, known for secure, scalable, and highly efficient blockchain use cases, have received an investment worth $50 million from the global alternative investment group,  LDA Capital Limited. The investment originated by leveraging a portion of the token from the XDC founder’s allocation. Ritesh Kakkad and Atul Khekade, the co-founders of XDC Network, are certain that the collaboration will accelerate network adoption and real-world use cases. LDA is seen as a strategic partner rather than just a financier. The XDC founders have competence in the LDA due to their proactive and strategic involvement in the network to improve the ecosystem. Atul stated: “We’ve always looked for genuine strategic partners, not just funders, who can actively and strategically advance the ecosystem while bringing utility to the network, and making XDC the preferred Layer 1 for institutions the world over–in LDA, […]
October 3, 2022

US Senator Says ‘I Love That Bitcoin Can’t Be Stopped’ Citing Concerns About National Debt and Inflation

U.S. Senator Cynthia Lummis says she loves that bitcoin cannot be stopped and that governments cannot just confiscate the cryptocurrency. “It’s actually comforting to know that bitcoin is there,” she said, citing concerns about the national debt and inflation. U.S. Senator: Bitcoin Is Something Governments Cannot Take U.S. Senator Cynthia Lummis (R-WY) talked about bitcoin in an interview with Hard Money’s Natalie Brunell, published last week. Discussing the merits of bitcoin, including how the cryptocurrency cannot be stopped, the senator from Wyoming said: I love that it can’t be stopped especially because I’m concerned about our national debt. I’m concerned about inflation. She continued: “I see people in my home state of Wyoming that are going to food banks now because they need fuel, they need gasoline, to get to their jobs, and they have to choose now between high-priced […]
October 3, 2022

DOJ objects to Celsius plans to reopen withdrawals and sell stablecoins

The objection is seeking a deferral on Celsius motions until the independent examiner report on the company is filed over the next couple of months.
October 3, 2022

Transit Swap ‘hacker’ returns 70% of $23M in stolen funds

The funds returned so far has come in the form of Ether (ETH), Binance-pegged ETH and BNB ($14.2 million).
October 3, 2022

Celsius founder reportedly withdrew $10M before bankruptcy filing: FT

The details of the withdrawal will reportedly be part of upcoming court filings, and it’s possible the founder and former CEO of the crypto platform could be forced to pay it back.
October 3, 2022

CFTC Chairman on US Crypto Regulation: We Have to Rely on 70-Year-Old Case Law to Determine What’s a Security or Commodity

The chairman of the Commodity Futures Trading Commission (CFTC) says his agency and the Securities and Exchange Commission (SEC) “have to rely on 70-year-old case law to determine what’s a security or a commodity.” He stressed that the SEC and CFTC are working together to regulate the crypto space, noting that “It’s not a turf war.” CFTC Chairman on Crypto Regulation, Working With SEC Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam talked about cryptocurrency regulation in an interview with CNBC last week. Responding to a question about whether the CFTC gets along with the Securities and Exchange Commission (SEC) and whether the two agencies share resources to regulate the crypto sector, he affirmed: We do get along. We can share, we have shared, and we will share. “For the CFTC, the difficulty is we are a derivatives regulator. We […]
October 3, 2022

The future of DeFi is on TikTok

The younger generation doesn’t have disposable income now, but they’re financially savvy thanks to short-form videos on social media
October 2, 2022

Robert Kiyosaki Predicts US Dollar Will Crash by January — Suggests Buying Bitcoin

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has predicted that the U.S. dollar will crash by January next year after the Federal Reserve pivots. He named bitcoin as one of the investments to buy as the Fed continues to raise interest rates. Robert Kiyosaki Predicts Imminent Crash of US Dollar The author of Rich Dad Poor Dad, Robert Kiyosaki, is back with a dire warning about the U.S. dollar, predicting that the USD will crash in a few months. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. Following the British pound nosediving against […]
October 2, 2022

Binance Rolls Out Mining Pool For ETHW With Zero Fee

Binance has introduced mining pools for ETHW users, offering zero fees for a limited time. ETHW is a forked version of Ethereum that retains the Proof-of-Work components of the blockchain before the merge. The popular crypto exchange made the announcement on Thursday, September 28, through a blog post on its website. Mining pools are created when a group of crypto miners wishes to share resources with other miners. They do this to increase their probability of executing a transaction collectively. Related Reading: Portland Trail Blazers Cut Jersey Patch Partner Deal With Staking Firm StormX Binance offers its customers the option to participate in pools through the Binance Pool feature. According to the Thursday statement, there will be no fees for ETHW Pool members throughout the promotional period. However, the crypto exchange mentioned that the mining pool support doesn’t guarantee it’ll […]
October 2, 2022

9 Out of the Top 12 Crypto Assets Are Down 70% to 90% Lower Than the All-Time Highs Recorded Last Year

274 days or roughly nine months ago, the crypto economy was worth $2.34 trillion and at $967 billion the aggregate value of all 13,192 crypto assets is $1.48 trillion less. Most of the top digital currencies tapped an all-time price high in November 2021 and today, a great majority of the top crypto assets are down between 70% to 90% in value against the U.S. dollar. 9 Out of 12 Crypto Assets Have Lost Significant Value Since Last Year’s Price Highs It’s almost a year later since the world’s top crypto assets tapped all-time highs in 2021, and a great number of digital currencies have lost considerable value. The following is a look at the top crypto assets by market capitalization, in order to see how much USD value each coin has lost. The leading crypto asset by market valuation […]