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Crypto Economy Loses $102 Billion in 30 Days — BTC, SOL Shed the Most Losses
3.9.2022
A great deal of digital currencies are down in value during the last 30 days and the worst performing crypto out of the top ten coins with the largest market valuations was solana, losing 19.12% against the U.S. dollar. Bitcoin was the second biggest loser in the top ten, as the leading crypto...
Sanctioned Russian Bank Tests In-app Operations With Digital Rubles
3.9.2022
A Russian bank, one of the country’s largest by assets, has conducted a successful trial with digital ruble transactions processed through its mobile app. The state-owned Promsvyazbank was one the institutions placed under Western sanctions earlier this year in connection with...
Bankrupt Crypto Lender Celsius Seeks to Reopen Withdrawals for Specific Customers
2.9.2022
Celsius Network Ltd., the crypto lender that filed for Chapter 11 bankruptcy protection on July 13, is looking to release roughly $50 million worth of crypto assets to Celsius custody account holders. Reportedly, the Celsius custody accounts did not participate in the earn and borrow program....
Digital Assets Could Become ‘Permanent Feature’ of Finance, Singapore Central Banker Argues
2.9.2022
Digital assets could become “a permanent feature of the financial landscape,” although decentralized cryptoassets like bitcoin (BTC) “fail as money,” Singapore’s central bank director has argued....
Read More: Digital Assets Could Become ‘Permanent Feature’ of Finance, Singapore Central Banker...
Big Eyes Coin, Cronos, and Cardano: Crypto Assets to Watch Out for In the Coming Months
2.9.2022
The crypto winter effect has clouded the better part of the 2022 crypto trading year. As many would boastfully say on Reddit crypto forums, it “separated boys from men.” The belief is that men constantly plan to upgrade their portfolios, implementing necessary risk management...
LG to Launch Crypto Wallet Wallypto Later This Year
2.9.2022
LG, the South Korean electronics giant, is currently developing a cryptocurrency wallet app that will be launched later this year. The wallet, called Wallypto, will be part of a new business phase for the company, which recently abandoned its mobile hardware business and pivoted to software...
Georgia to Update Crypto Regulations to Incorporate EU Rules, Legalize Industry
1.9.2022
The government of Georgia has approved amendments to the legal framework for the Caucasian nation’s financial sector, including additional regulations for crypto and fintech activities. The move aims to align Georgian law with relevant EU provisions. Parliament of Georgia to Vote on Crypto...
Credit Suisse Held $31M in ‘Digital Assets’ for Clients Last Quarter
31.8.2022
The storied Swiss bank disclosed its custody of what are more likely to be tokenized securities than cryptocurrencies in keeping with SEC accounting guidance
Binance Froze Russian Gun Maker's Crypto Assets, Likely at Ukraine’s Request
31.8.2022
Vladislav Lobaev, a Russian gun manufacturer, raised $21,000 in crypto for the war in Ukraine before the world’s largest crypto exchange locked down the funds
Russian PM Says Digital Assets Are ‘Safe Alternative’ in Foreign Trade, Urges for Ruble Payments
31.8.2022
Russian Prime Minister Mikhail Mishustin has praised digital assets as a payment instrument that could strengthen Russia’s financial independence. The top government official also called for increasing the use of the ruble for international settlements. Head of Russian Government Sees...
ETH products grow in August as BTC products dip: CryptoCompare report
31.8.2022
The upcoming Merge has contributed to a rise in Ethereum investment products and trading volume, as crypto market AUM figures continue to drop amid the bear market
Report: Reddit Co-Founder Alexis Ohanian’s Seven Seven Six Targets $177M for a Crypto-Centric Fund Called Kryptós
31.8.2022
According to a recent report, the venture capital firm founded by Alexis Ohanian, Seven Seven Six, is planning to raise $177 million for a new crypto-centric fund. The new Seven Seven Six fund called Kryptós will concentrate on investing in cryptocurrencies like bitcoin and ethereum. Seven...
Mergers and Acquisitions Innovation for DeFi and Web3 Pushed Forward, Crypto Collapse Phoenix
30.8.2022
In 2021, the global cryptocurrency market was valued at US$ 1,782 Billion. Sectors like DeFi and NFTs allowed individuals to earn high yields on their investments and create unique collectables as web3 introduces decentralized and permissionless ownership of assets to individuals. Acquire.Fi...
'Most of crypto is still junk' and lacks use case — JPMorgan blockchain head
30.8.2022
JPMorgan’s Umar Farooq said that use cases haven't arisen fully and regulation hasn't yet caught up
The Top Privacy Coins Saw Fewer Percentage Losses Than Most Tokens This Week
29.8.2022
The privacy coins monero and zcash managed to see fewer percentage losses against the U.S. dollar this week, in contrast to crypto assets like bitcoin, ethereum, and solana. Seven-day statistics indicate zcash has lost 5.6% against the USD, while monero dropped by 6.1%. Privacy Coins Manage...
Singapore's Central Bank Wants to Foster Digital Assets, Restrict Crypto Speculation
29.8.2022
The head of the Monetary Authority of Singapore, Ravi Menon, insists this stance is "synergistic" and says price speculation is the source of the crypto world's problems
0.3% fall in assets "could render Tether technically insolvent" — WSJ
29.8.2022
Wall Street Journal's Jean Eaglesham and Vicky Ge Huang suggested that such a “thin cushion of equity” could cause mayhem in the market if Tether’s liabilities were to outweigh its assets
Dubai Regulator Announces Virtual Assets Marketing and Advertising Guidelines
29.8.2022
The Dubai virtual assets regulator, the Virtual Asset Regulatory Authority (VARA), has unveiled digital assets marketing and promotion guidelines that are applicable to any entity using Dubai-based media sites and publishing channels. The guidelines will “ensure factual accuracy, explicitly...
Amid Ethereum’s Merge, Cardano Founder Charles Hoskinson Says ADA’s Vasil Fork Is Coming Soon
28.8.2022
Cardano founder Charles Hoskinson detailed on Friday that the Vasil hard fork is coming soon and noted that it may occur “sometime in September.” The crypto asset’s upgrade has been overshadowed by the upcoming Ethereum upgrade called The Merge. Vasil Hard Fork...
Applied Blockchain Changes Name, Enters Purchase Agreement for Land in North Dakota
28.8.2022
This week the mining operation Applied Blockchain announced that it is changing its company name to Applied Digital. Furthermore, the mining operation released 2022 financial results and operational updates that noted that the mining firm entered a purchase agreement on August 15 for land in North...