European Central Bank addresses guidance on licensing of digital assets
Specifically, the ECB will consider crypto firms’ business models, internal governance, and “fit and proper” assessments which apply to licensing other companies.
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Specifically, the ECB will consider crypto firms’ business models, internal governance, and “fit and proper” assessments which apply to licensing other companies.
The U.S. Federal Reserve Board has issued new instructions for banks engaging in crypto asset activities that include running their plans past their Fed supervisor.
“For us, it is clear, when we look at all this, we arrived too soon in a sector which was in transition,” says CEO Charles Émond.
Investors have been crafting their strategies for navigating the volatility that could arise as the Ethereum Merge takes place. Here are a few to consider.
In the spirit of transparency, Ukraine’s Ministry for Digital Transformation has published a financial report detailing how it spent the $54.6 million worth of funds raised from the crypto community.
The post Ukraine’s spent over $38M of crypto funds on military equipment appeared first on CryptoSlate.
A Polygon executive highlighted that NFT games have an advantage over traditional “money in, no money out” gaming business models.
Lex Sokolin said that post-Merge, DeFi projects will have to compete with the returns offered by the core ETH protocol.
Crypto and stock markets corrected as traders grew nervous ahead of August 17’s FOMC minutes, but the real stress point is whether traders will “buy the dip.”
Like any aging empire, America is reacting to its competition.
The study found abnormal levels of return in a sample of tokens just before their listing announcement on Coinbase.
A recent Twitter spat between Tesla and SpaceX CEO Elon Musk and MicroStrategy’s Executive Chair Michael Saylor prompts the question of whether Bitcoin is a better buy than Manchester United.
The post Manchester United loses against Bitcoin too — Elon would have been over 6,000x better off buying BTC appeared first on CryptoSlate.
Ignite CEO Peng Zhong, MicroStrategy CEO Michael Saylor, and now Genesis Trading CEO Michael Moro — top executives have departed crypto firms or stepped into advisory positions.
One week after reporting a 9% decline in loan agreements through its lending desk, Genesis has reportedly laid off 20% of its workforce, and CEO Michael Moro is stepping down.
The post Michael Moro leaves Genesis Trading amid growing financial struggles appeared first on CryptoSlate.
The Merge will still reduce the network’s energy consumption by an estimated 99.5%.
Cointelegraph Research explains the EC-STARKs technology and discusses what this means for the cryptocurrency market.
Netherlands’ Fiscal Information and Investigation Service (FIOD), which arrested a Tornado Cash developer on August 12, said that developers could be held responsible if they created a code for the “sole purpose” of committing a crime or facilitating criminals.
The post Developers could be punished for code created to commit crime, says Dutch regulator appeared first on CryptoSlate.
Policy Advisor Patrick Hansen posted his thoughts on the regulatory risk now facing the Bitcoin Lightning Network following sanctions against crypto mixer Tornado Cash.
The post Bitcoin Lightning Network at regulatory risk after Tornado Cash saga appeared first on CryptoSlate.
The bottom “is not in” for either stocks or crypto, one analyst believes, as alarming data shows copycat moves from 2008 by the S&P 500.
BSP urges the public not to deal with Virtual Asset Service Providers (VASPs) that are either unregistered or domiciled abroad.
The post BSP Cautions the Public Against Engaging with Unregistered and Foreign Virtual Asset Service Providers (VASPs) appeared first on BitPinas.
Terra co-founder Do Kwon has hired a lawyer in preparation for his defense against South Korea’s legal actions, South Korea-based Naver reported August 17.
The post Do Kwon hires lawyer in preparation for defense in South Korea appeared first on CryptoSlate.
Other Manchester United-related assets also rallied after Musk’s tweet, as well as Manchester City’s fan token.
The venture firm, which was founded in 2021, is prioritizing decentralized social media, DAOs, DeFi, metaverse, zero-knowledge proofs and layer-1 solutions.
The exchange cited technical issues as the reasons for halting withdrawals across multiple networks earlier this morning.
With multiple financing offers reportedly coming for Celsius Network, it announced it would meet with the Unsecured Creditors Committee (UCC) on August 23 to consider possible options to accelerate the recovery of the customer’s funds.
The post Celsius to explore options for refunding customers at UCC meeting appeared first on CryptoSlate.
The Indian police launched an investigation into BitConnect co-founder Satish Kumbhani months after the U.S. SEC said he had relocated from India.
The long-awaited Merge will connect Ethereum’s existing execution layer to its Proof-of-Stake consensus layer and general market sentiment has investors buying in preparation for a sustained pump as this is a milestone event in the project’s evolution.
The post Research: Options market analysis suggests Ethereum’s Merge may be a ‘buy rumor, sell news’ event appeared first on CryptoSlate.
Terraform Labs co-founder Do Kwon has claimed that Korean authorities haven’t contacted or filed any charges against him in the Terra investigation.
The Ethereum (ETH) Foundation revealed that the Merge would not reduce gas fees, and it will not enable staking withdrawals until the Shanghai upgrade in an August 17 note.
The post Ethereum Foundation addresses misconception around gas fees in new Merge update appeared first on CryptoSlate.
At 10.1% inflation, the United Kingdom joins 2 billion people around the world suffering as price rises erode people’s purchasing power.
The New York- and Miami-based VC firm said several of its seed-stage crypto investments are preparing Series A funding rounds.
The mining operator entered into a deal with NYDIG to sell rigs to alleviate $64.7 million in outstanding debt.
Layer 1 is the base level of every blockchain. But we before we deep dive to what it is, let’s discuss the blockchain trilemma.
The post What is a Layer 1 Blockchain (and Some Examples) appeared first on BitPinas.
Over $6 billion was invested in blockchain startups by 40 public companies from September 2021 to June 2022, according to CB Insights.
The post Google parent Alphabet invested $1.5B into blockchain startups since September 2021 appeared first on CryptoSlate.
Mehmet Eryılmaz said that Web3 opens up opportunities for creators to properly showcase their culture through films and music.
A PoW hard fork of Ethereum is being propagated by a set of miners, but many experts believe that the chances of it succeeding are very low.
A national digital currency would help curb tax evasion in Colombia, which is estimated at up to 8% of GDP, the head of Colombia’s tax and customs agency said.
The growth of DeFi has given a kickstart to everyone who wants to lend and borrow their crypto assets using a decentralized money market. Learn more in this blog!
As the dust settles on another decentralized finance exploit, Acala continues to trace erroneously minted after a misconfiguration in a newly launched liquidity pool.
CeDeFi is a new financial system that combines centralized and decentralized systems. It provides privacy, reduced fees and ease of use.
Several users of Maya app have shared screenshots on Facebook and Twitter that they have received free bitcoin on their accounts.
The post Maya is Airdropping Free Bitcoin to Users, Social Media Posts Suggest appeared first on BitPinas.
EOS attempts to become a fully decentralized network following a key hard fork in September.
Chief bankruptcy judge Martin Glenn, Southern District of New York, approved Celsius’ request for running BTC mining and selling operations as a means to reinstate financial stability.
$24,500 keeps control on hourly timeframes as gains for both Bitcoin and Ether are quickly extinguished.
BNB Chain prepares to launch a Web3 development course for Latin American students as the region continues to be a hub for adoption and crypto-related activity.
PKT Lightning Daemon (PLD) Caleb James Delisle is the lead dev for PKT and shared some big updates for the upcoming PKT Wallet technology, including the PKT Lightning Daemon (PLD)…
The post PKT Town Hall | August 2022 appeared first on PKT Cash Blog.
Today, everybody is aware of the potential of Crypto and its impact worldwide. In this blog, learn about the future of Crypto and a few predictions that could be true!
Binance Marketplace offers tons of features and access to hundreds of thousands of daily users. Find out how to get your business listed on Binance Marketplace.
Binance obtains In-Principle Approval from AFSA to operate in Kazakhstan
Binance Blockchain Week is back once again, and this time Paris plays host to the world’s foremost Web3 conference. Tickets are now available and ready to purchase for both the two-day main event and one-day Super Meetup.
Learn everything you need to get started with Trust Wallet in our ultimate guide for first-time users.
Binance obtains regulatory approval from AFSA to operate in Kazakhstan.
>>> Read the full story at CoinDesk
The decision by Yuga Labs, which bought the projects earlier this year, helps answer the question of what NFTs are good for.
The bankrupt crypto firm is also short of $2.8 billion in crypto assets, the court filing reveals.
The company said the combination of falling bitcoin prices and high global energy prices presented a “challenging earnings environment.”
Recursive proofs could bundle tens of millions of NFTs off-chain to help streamline Ethereum.
>>> Read the full story at CoinDesk
Bitcoin (BTC) briefly broke through the psychologically significant $25,000 mark in overnight trading, before paring those gains during U.S. trading hours. The largest cryptocurrency by market capitalization reached as high as $25,212 early in the U.S….
Los egresos de flujos de activos totalizaron $17 millones en los siete días anteriores al 12 de agosto.
The company, which has 3.6 million customers, hopes to reach 200,000 active crypto users in 2022.
The Federal Reserve announced it was publishing its final guidance for novel financial institutions, such as Wyoming SPDIs, to access its “master accounts,” something these firms need to participate in the global payment system.
TL;DR: Coinbase believes crypto will be part of the solution for creating an open financial system that is both more efficient and more equitable. We co-founded the Centre Consortium in 2018 to invest in the build of USDC, and since then it has become …
Digital-asset investment products saw outflows totaling $17 million spread across regions and providers.
The current price of stETH token implies a 7% chance of the Merge not succeeding, according to Enigma Securities.
BitGo said Galaxy Digital owes it a $100 million break-up fee.
The now-bankrupt crypto lender Voyager Digital acquired the exchange for $84 million in stocks and cash last August.
Eqonex Limited has closed its crypto exchange in order to focus on its custody and asset management business.
Chandler Guo, a prominent Ethereum miner, joined CoinDesk TV’s “First Mover,” to discuss his support for the blockchain’s upcoming proof-of-work fork.
Los futuros que rastrean ambos tokens vieron más de $25 millones en liquidaciones en las últimas 24 horas.
Dragonfly has also rebranded itself, according to Bloomberg.
The latest price moves in bitcoin (BTC) and crypto markets in context for August 15, 2022.
Week #400
The $1.2 billion acquisition was announced May 2021 and was expected to close by the end of that year.
Binance has obtained preliminary approval from the Astana Financial Services Authority to operate a digital asset trading facility and provide custody in Kazakhstan.
European digital bank Revolut has been granted authorization by the Cyprus Securities and Exchange Commission (CYSEC) allowing it to offer crypto services across the European Economic Area (EEA).
Gate.io group’s Hippo Financial Services received a Trust or Company Service Provider license that means it can now provide virtual asset custodial services in Hong Kong.
A bug in the protocol’s newly-deployed iBTC-aUSD liquidity pool left the door wide open for hackers to exploit.
Cryptocurrency exchange Zipmex has been granted creditor protection until December by Singapore’s high court, according to a Bloomberg report.
Bitcoin’s highest weekly close since June fails to convince as volatility quickly enters with the start of the new week.
Futures tracking the two tokens saw over $25 million in liquidations in the past 24 hours.
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NFT gaming business models could represent an attractive innovation for gaming publishers as they begin to make more of their titles available to play on blockchain.
New crypto project wants to give online communities their own sovereignty by easily deploying their own blockchain with their own rules
The ‘Extraordinary Whales Club’ AIMC will airdrop NFTs to Korea Blockchain Week (KBW) attendees between August 7-12.
The post Hit Kdrama Extraordinary Attorney Woo to Create NFT Community for Autism Awareness appeared first on BitPinas.
Facebook Reality Labs (FRL) generated $452 million in revenue for the second quarter; a 35% down from last quarter.
The post Meta Q2 Report: Metaverse Division Loses $2.8 Billion appeared first on BitPinas.
Anthony Scaramucci cited the Merge, improving macro indicators such as waning inflation, key business partnerships and pumping crypto prices as reasons for his optimism moving forward.
De Vera stated that the UnionDigital is “designed to bank the metaverse.”
The post UnionDigital CEO: Metaverse Needs Banking appeared first on BitPinas.
The Acala hack saw over one billion aUSD stablecoins minted from thin air, but now community members are scratching their heads wondering how a decentralized protocol would handle the clean up.
Mr. Wonderful thinks that crypto needs more regulation and less “crypto cowboys” like Tornado Cash creator Alexey Pertsev, who he suggested was a necessary sacrifice to create stability for institutional inflows.
The stablecoin has entered the third stage of the BSP registration process for Virtual Asset Service Providers.
The post C-Pass Inc Signs MOU to Eye Use of Its Crypto Coin C-Peso in Cebu City appeared first on BitPinas.
The Philippine Stock Exchange, Inc. (PSE) shareholders elected the Board of Directors who will serve for one year or until the next stockholders’ meetingduringthe company’s annual stockholders’ meeting held on Saturday, August 13. The 15-member PSE Board iscomprised of one President-director, five broker directors, andnine non-broker directors. Of the nine non-broker directors, at least five…
The Korean government has yet to show any sign of wanting to change current laws, said attendees at Korea Blockchain Week.
The mid-year edition of PSE STAR (Strengthening Access and Reach): Investor Day will be top billed by corporate and finance leaders of 15 publicly listed companies (PLCs). They will lead their respective company’s presentations on their second quarter and first half 2022 financial performance, recent projects and future plans before an audience of equity analysts,…
The Shiba Inu breakout appears almost ten days after SHIB’s addition to Binance Card.
Bitcoin price is targeting $25,000 and holding this level could trigger breakouts in ADA, UNI, LINK and CHZ.
Ethereum is moving from proof-of-work to proof-of-stake soon. In this guide, we first defend PoW (in the context of Bitcoin); second, defend PoS (in the context of Ethereum); and third, outline (some of) the trade-offs.
One of the quickest ways to ensure crypto’s mainstream adoption is by working with the regulators, which includes implementing effective and investor-centric KYC and AML tools.
A casual dash over the $25,000 mark is fully retraced as weekend trading produces some classic volatility.
While many community members came in support of the prominent coder, Gabagool owned up to the allegations made against him following Velodrome’s investigation.
BlueBenx’s lawyer, Assuramaya Kuthumi, revealed that the attack resulted in the loss of $32 million, which many investors found hard to believe.
>>> Read the full story at Cointelegraph.com News
The upgrade to Monero’s protocol, a collaborative effort involving 71 developers, has been successfully implemented.
Some 1,422 electrochemical industry workers represented by Norway’s Industri Energi union will go on strike from Monday after negotiations with their employers broke down on Saturday, the union said.Industri Energi said the companies initially targeted…
Argentina announced late on Friday a package of tax and customs benefits for the oil and gas industry meant to attract dollars to the South American nation, which is battling crippling inflation and a low level of foreign currency reserves. The measure…
Anshu Jain, the former Deutsche Bank AG XETR:DBK co-chief executive officer, died early on Saturday at the age of 59 after a long, serious illness, the bank said.”Anshu Jain played a key role in expanding Deutsche Bank’s position in our global business…
Liquidity is strong on alt markets as Bitcoin gives way to Ether after a battle that has raged throughout 2022.
Anshu Jain, the former Deutsche Bank AG XETR:DBK co-chief executive officer has died after suffering from cancer for five years, Bloomberg News reported on Saturday. “We are deeply saddened that our beloved husband, son, and father, Anshu Jain, passed …
Solana is tailing broader crypto market trends while battling concerns about repeated network outages and centralization.
Read this article to know why El Salvador and the Central African Republic (CAR) have adopted Bitcoin as a legal tender.
Options trading volume has risen on crypto exchanges, and even miners are using options strategies to muddle through the current, uncertain environment.
Since the legislative framework surrounding the Metaverse is quite gray, experts still don’t see the technology being used to settle legal issues.
A domestic industry source informed the Polymerupdate team about price revision of PTA announced by Indian Oil Corporation Ltd (IOCL). The source said, “PTA local prices have been raised by Rs.1.60/kg basic, with effect from August 13, 2022. The new ba…
Takeover rumors and an ongoing short squeeze help CEL price rally but is there enough momentum for more upside?
Clear the fog around the most significant upgrade in the history of Ethereum, The Merge. Here are five misconceptions that stand out among the rest.
The United States and Switzerland can move towards free trade between their countries with sectoral deals and they are working on facilitating business in the pharmaceutical sector, the U.S. ambassador to Switzerland told the Tages Anzeiger newspaper.S…
The Philippine stock exchange operator expects companies to raise 200 billion pesos ($3.6 billion) on the capital markets this year on a robust pipeline of listings and share sales, despite market volatility, its president said on Saturday.Philippine f…
It is high time for a deeper retracement on the “relief” rally in Bitcoin, say commentators, but upside targets of $28,000 stay on the table.
Axie Infinity (AXS) price has nosedived following a surprise entry by the bears as seen in the daily price chart. AXS hovering above both the 20- and 50-day EMA Axie Infinity price dropped as the bears slammed investors shut after going all-in with the recent uptick. The AXS/BTC pair has nosedived by 1.66% or at 0.0007748 BTC If the bears can maintain this momentum, the bulls’ effort to recover will be put in vain. Now, to agitate and defeat the bears, the token will need to attract more buyers plus the bulls will need to get their heads together to boost AXS. To date, the trading volume has dropped which is making the investors anxious and poses a bit of concern, especially for the bulls. Related Reading: Sandbox (SAND) Price Up 76% Since June Courtesy Of Metaverse Hype Axie Bearish Stride Short-Lived On the brighter side, crypto experts believe that this recent dip will be short-lived so investors should be ready to dive in once the green light is on. Chart from TradingView.com According to CoinMarketCap, AXS token trades at $18.06, or a dip of 4.29% as of this writing. AXS coin trading volume registered a drop of 0.4% or at 14 million. While the loss isn’t much, it still harbors the danger of eventually pulling the price further down. AXS’s market cap is at 0.09577. The bearish perspective of AXS seems to be nearing its exit as the daily price chats showed multiple EMAs or a successful crossover. MACD on the daily chart also exhibited that the buyer’s line is hovering over the signal line of the seller with a very little gap. Now, if the bulls can successfully contradict the bearish movement then immense growth is anticipated. RSI value is currently almost 59. AXS Profitability Surpasses 23% Loss After going with the upward flow of AXS, the price has dangerously plunged as the bears crashed the party. However, GameFi projects like Axie Infinity thrive amid market crashes and volatility compared to other digital assets. AXS is said to have dropped by as much as 90% after it has risen by 40% when it hit a low in June. Axie Infinity had its ATH in November at $160 but since then everything is just looking for the coin. The altcoin marked its all-time high of $160 back in November 2021. However, it has consistently been on a downtrend. But, one good thing with AXS investors is that they can roll with the punches because they were already raking in profit for the longest time. With this month’s 40% improvement on gains, AXS investors noted that only 22.29% have experienced losses which is very minimal compared to the profits which are said to spike way above its ATH. Related Reading: SOL Makes Another Shot At $44, After Two Failed Attempts This Week AXS total market cap at $1.6 billion on the daily chart | Source: TradingView.com Featured image from BSC News, Chart from TradingView.com
Since July 2022, the Bitcoin ecosystem recovered across numerous determinants, including miners’ revenue in dollars, network difficulty and hash rate.