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Block is Distracted by Bitcoin and That’s Hurting its Bottom Line - Analyst Downgrade
23.9.2022
Twitter founder Jack Dorsey's payment firm Block, formerly called Square, has seen a downgrade, dragged down by none other than bitcoin (BTC) - or rather, the company's "preoccupation" with it.
Investment bank Mizuho downgraded Block from “buy” to “neutral”, arguing that the company...
LBank Donated Relief Goods to Pakistan Flood-Hit Areas for Recovery Efforts
23.9.2022
In the last few weeks, torrential monsoon rains caused devastating floods that badly damaged a few parts of Pakistan. As a result, thousands of people from Punjab, Balochistan, Sindh, and Khyber Pakhtunkhwa have migrated from their homes to shelters. The most affected area of Pakistan was Swat...
Here’s How ‘Digital Nations’ Are Being Formed and Why They Matter
23.9.2022
Many would agree that the concept of what defines a nation is changing. Traditionally, a nation was understood as a sizable collection of individuals who share ancestral roots, background, heritage, or dialect and live in the same physical space. Besides that, a nation is typically associated with...
Is the bottom in? Crypto community shares their thoughts
23.9.2022
From waiting for Bitcoin prices to go lower to hoping that the fun goes on, community members shared their thoughts on crypto prices
Brazilian Federal Police Launch Operation Colossus, 6 Cryptocurrency Exchanges Involved
23.9.2022
The Brazilian Federal Police and the Brazilian tax authority have launched the final stage of “Operation Colossus,” a movement that has executed hundreds of court orders against cryptocurrency exchanges, arbitrage agents, and fake companies in four states of the country....
Bitcoin Price and Ethereum Continue To Fail, XRP Dips Turn Attractive
23.9.2022
Bitcoin price attempted a recovery wave above $19,200 but struggled. BTC is currently (11:00 UTC) moving lower towards the $18,800 support. A downside break below $18,800 might start a fresh decline.
Similarly, most major altcoins are correcting gains. ETH topped near $1,360 and started a downside...
Cardano Foundation Releases Its Long-Awaited Vasil Hard Fork
23.9.2022
Cardano Foundation treated users by releasing its long-awaited Vasil hard fork. As per the network, the upgrade will lead to an improvement in its network capacity. At the same time, Vasil will also help Cardano cut down its transaction costs. Besides this, Cardano aims to elevate its smart...
Founder of Web3 Messaging App: Decentralized Platforms Enable Users ‘to Build Their Communities in a Safe Place’
23.9.2022
In a world where censorship is growing and the right to privacy is being undermined, Web3 — the next iteration of the world wide web — looks to some like the solution users of online platforms are waiting for. As some pioneering Web3 products and solutions have demonstrated, when...
China accounts for 84% of all blockchain patent applications, but there's a catch
23.9.2022
China’s push for blockchain technology gained steam after 2019 when President Xi Jinping called for corporations from tech giants to become industry leaders in the nascent tech
This Crypto-Friendly Bank is Suing the Fed and Why a Win Would Be Hugely Price-Positive for Digital Assets
23.9.2022
U.S. digital asset-focused bank Custodia has filed a lawsuit against the Federal Reserve (FED) Board of Governors and the Federal Reserve Bank of Kansas City over “unlawfully” delaying its application for a master account with the FED. The bank received major backing earlier this week after seven...
Has Coinbase Been Trading Against its Own Customers After Promising it Doesn’t do that?
23.9.2022
Coinbase has debunked claims made by news outlet the Wall Street Journal (WSJ), which reported that despite claiming not to do so, Coinbase engaged in proprietary trading that could potentially conflict with the interest of its customers. ...
Read More: Has Coinbase Been Trading Against its...
European stock exchange to list Bitcoin carbon neutral ETP
23.9.2022
The environmentally-focused financial product was introduced by a subsidiary of DeFi Technologies
Binance Creates Global Advisory Board to Tackle Regulatory Challenges
23.9.2022
An international group of experts with extensive background in public and corporate governance will advise global cryptocurrency exchange Binance on regulation. The move is an indication of Binance’s focus on compliance and collaboration with regulators, according to its management. Crypto...
FTX Met With UK Regulator Over Licensing but Ended Up 'Surprised' by the Warning, According to Reports
23.9.2022
Major crypto exchange FTX has reportedly been discussing its licensing with the UK Financial Conduct Authority (FCA) - before the latter issued a statement against it.
As reported, the chief financial regulator in the United Kingdom issued a warning against Bahama-based crypto exchange, claiming...
Here’s Why the Ripple XRP Price is Pumping and Will Take Out $1.00
23.9.2022
The price of XRP has jumped by 20% in 24 hours, reaching $0.512129 as of writing. This represents a surge of 56% in a week, as positive developments in the legal battle between Ripple and the SEC indicate that the case could be settled sooner rather later....
Read More: Here’s Why the Ripple...
IRS to summon users who don't report and pay tax on crypto transactions
23.9.2022
The summons requires M.Y. Safra Bank to submit information about taxpayers who failed to report and pay their taxes on crypto
Dutch Central Bank Grants Regulatory Approval to Coinbase
23.9.2022
Coinbase has now ventured into new territory. The global crypto exchange platform has received regulatory approval from the Dutch Central Bank, also known as De Nederlandsche Bank (DNB). This action allows Coinbase to offer its crypto products and services to users in the Netherlands. A full suite...
Web3 Firm Chain Reveals Multi-Year Partnership With the New England Patriots
23.9.2022
The Web3 software solutions company Chain announced the company has partnered with Kraft Sports + Entertainment, the owners and operators of the New England Patriots, New England Revolution, Gillette Stadium, and Patriot Place. Chain details that the multi-year deal will allow the company to serve...
GitHub unbans Tornado Cash repositories following OFAC guidance
23.9.2022
Ethereum developer Preston Van Loon encouraged GitHub to fully restore Tornado Cash’s repositories after partial unbanning
Ethereum Hard Fork Instigator Chandler Guo Claims the Value of ETH and Forked ETHW Will Be the Same in 10 Years
23.9.2022
The U.S. dollar value of the recently airdropped coin native to the forked Ethereum proof-of-work (PoW) blockchain will be at par with that of ether, Chandler Guo, the instigator of the latest Ethereum hard fork, has said. Guo added that he expects the value of the token, which is currently...