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Crypto Insurer Evertas Buys Bitcoin Mining Cover Specialist Bitsure
18.7.2023
Evertas has snagged the authority to offer mining policy limits of up to $200 million per location
First Mover Americas: Reddit Community’s MOON Tokens Soar
18.7.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for July 18, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Metaverse Startup Futureverse Raises $54M Series A From 10T Holdings, Ripple Labs: Bloomberg
18.7.2023
Futureverse formed out of the merger of eight companies in late 2022, with three more assimilated subsequently
2023 privacy coins: Monero, Zcash, VC Spectra, & Dash
18.7.2023
As Bitcoin shifts focus away from privacy, Monero (XMR), Dash (DASH), and Zcash (ZEC) are gaining traction. The three are also gaining popularity amidst the global push for central bank digital currencies (CBDCs). However, top analysts favor VC Spectra (SPCT) as a potential market entrant that...
Digital Art Platform Prohibition Taps Arbitrum to Democratize Generative Art
18.7.2023
Created by Web3 innovation studio Venture Punk, Prohibition allows any artist to create generative art on-chain, utilizing the Art Blocks Engine
VC Funding in Web3 Plummets 76%: Crunchbase Data
18.7.2023
In the second quarter of 2023, Web3 startups raised just over $1.8 billion, compared to $7.5 billion during the same period last year
Study: Six Countries Account for Over 90% of Africa’s Crypto Interest in H1 2023
18.7.2023
Between Jan. 1 and July 4, the Nigerian share of Africa’s overall interest in cryptocurrency stood at 66.8%, a figure nearly eight times that of second-ranked South Africa’s share, according to the latest Coingecko report. South Africa, along with Morocco, Ghana, Egypt, and the Ivory...
Even Unpaid Social Media Crypto Promotions May Breach UK Ad Rules: Financial Regulator
18.7.2023
The Financial Conduct Authority (FCA) gained oversight of crypto promotions with the approval of the Financial Services and Markets Act in June
Coinbase Earn Is Particularly Vulnerable to Being Defined as a Security: Berenberg
18.7.2023
The crypto exchange is still faced with significant regulatory challenges, the report said
Bitcoin Cannot Remain Indifferent to Dollar Index for Long: Analyst
18.7.2023
U.S dollar index's fate impacts global liquidity conditions, which, in turn, influences risk assets, including cryptocurrencies
Web3 Revolution: ‘Low Latency Is King’ Says Fleek Network Lead Researcher
18.7.2023
According to Parsa Ghadimi, the lead researcher at the Web3 infrastructure platform Fleek Network, many developers of decentralized apps (dapps) continue to shun Web3 infrastructure because it has low latency. Ghadimi asserts that developers and users are more concerned with performance than...
Coinbase CEO Brian Armstrong to Meet House Democrats About Crypto Legislation: Bloomberg
18.7.2023
Armstrong will meet Democrats from the House of Representatives in the U.S. Congress, aides familiar with the plans told Bloomberg
Reddit Community Tokens Rocket as Rule Change Speculation Boosts MOON, BRICK
18.7.2023
Reddit's Terms of Service recently changed where it now explicitly allows for trading Reddit's tokenized Community Points, one observer said while explaining the price rally
Latam Insights — Argentina’s Reserves Bleed, Central Bank of Brazil Would Be Able to Manipulate Digital Real in CBDC Pilot
18.7.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, the Argentine central bank sheds yuan for dollars as its reserves bleed, the Central Bank of Brazil would be able to manipulate balances and block digital...
Levered Bullish Longs Getting Liquidated as Bitcoin Market Softens
18.7.2023
CoinGlass data shows that in the last 24 hours, $116.38 million worth of futures bets were liquidated, with $85.68 in bullish long positions
Venezuelan Crypto Ecosystem Still in Shambles 4 Months After Sunacrip Intervention
18.7.2023
The Venezuelan cryptocurrency ecosystem remains on shaky ground four months after the intervention of national crypto watchdog Sunacrip, and the arrest of its head, Joselit Ramirez, due to alleged participation in a $20 billion corruption scandal involving the undeclared sale of crude oil...
Celsius Estate Settles With Series B Holders Over Proceeds of GK8 Sale
18.7.2023
Mike Novogratz’s Galaxy Digital purchased self-custody platform GK8 from Celsius in December as part of bankruptcy proceedings
Nobel Laureate Paul Krugman Says US Dollar Dominance Won’t Last Forever but Doubts Chinese Yuan Can Replace USD
18.7.2023
Nobel Prize-winning economist Paul Krugman says the U.S. dollar’s dominance “won’t last forever.” While recognizing the global de-dollarization trend, he expressed skepticism about the Chinese yuan’s ability to replace the U.S. dollar as the world’s dominant...
Wood Says ARK Is ‘Taking Profits’ as It Sells $26 Million in COIN
18.7.2023
The sale comes a day after ARK sold $50.5 million of the crypto exchange’s stock
SEC ‘Disappointed’ With XRP Ruling on Retail Investors — Chair Gensler Hints at More Crypto Industry Enforcement
18.7.2023
U.S. Securities and Exchange Commission Chairman Gary Gensler has stated that the regulator is “disappointed” with the SEC v. Ripple ruling on XRP regarding retail investors. “We are still looking at it and assessing that opinion,” he affirmed. Gensler also reiterated...