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Biggest Movers: MATIC Moves to 5-Week High, as LTC Climbs Above $100.00
13.7.2023
Polygon jumped to a five-week high on Thursday, as founders of the token proposed an upgrade that will create a new coin, POL. If approved, MATIC will be replaced with the new token that will function on all Polygon networks. Litecoin also rallied, hitting a one-month high. Polygon (MATIC) Polygon...
BIS Report Cites ‘Inherent Limitations’ of Cryptocurrencies; Questions Their Role in Global Economy
13.7.2023
The Bank of International Settlements (BIS) has published a report on cryptocurrencies and explains that the technology has serious “flaws.” BIS researchers insist that permissionless blockchains have “inherent limitations” that lead to network congestion and high fees. BIS Report: ‘Crypto Has...
Bitcoin, Ethereum Technical Analysis: Bitcoin Consolidates Below $31,000, as Traders Digest Recent Economic Data
13.7.2023
Bitcoin retreated from recent gains on Thursday, as traders were unable to sustain a breakout of a key resistance level. Market volatility has risen following yesterday’s U.S. inflation report, which dropped to a two-year low. Ethereum was marginally lower, slipping below $1,900. Bitcoin...
US Authorities Accuse Former Security Engineer of Siphoning $9 Million From Defi Platform
13.7.2023
Authorities in the United States recently revealed that law enforcement has arrested Shakeeb Ahmed for “wire fraud and money laundering in connection with his attack on a decentralized cryptocurrency exchange.” The U.S. Attorney for the Southern District of New York suggested that...
Aurus: The Future of Precious Metals and Blockchain – Exclusive Hypergrowth Benefits
13.7.2023
Aurus brings precious metals to crypto, enabling users to easily buy, trade, spend and earn gold, silver & platinum via blockchain technology. Join the community hypergrowth and benefit today. Imagine a world where gold can be exchanged as effortlessly as sending a tweet, and silver can be used...
Russian State Duma Passes Digital Ruble Law
13.7.2023
The State Duma, the lower house of the Russian Federal Assembly, discussed and passed the Digital Ruble law in its second and third discussion on July 11. The law will allow the Central Bank of Russia, as the sole regulator of the proposed digital currency, to organize a pilot test slated...
Temasek Has No Immediate Intentions to Invest in Crypto Exchanges After FTX Loss
13.7.2023
Singapore’s state-owned investment fund Temasek does not plan to put money into crypto firms amid the current regulatory uncertainty, according to a top executive. The statement comes months after Temasek lost $275 million from its involvement in the failed cryptocurrency exchange FTX. Temasek...
Binance US Reacts to Bitcoin Cash FUD, Assures Users Their Funds Are Safe
13.7.2023
Binance’s U.S. platform has rejected rumors regarding its bitcoin cash (BCH) reserves, reassuring customers that their funds are safe. On Sunday, the exchange restored BCH withdrawals after a brief suspension attributed to a technical issue with the automated system managing deposit flows....
Bank of China Expands Digital Yuan Testing to SIM Cards and NFC Payments
13.7.2023
The state-owned financial institution Bank of China has revealed a partnership with China Unicom and China Telecom in order to test SIM cards and near-field communication (NFC) payments tethered to the renminbi. The Bank of China explains that the pilot will be tested by selected users and areas...
Western Sanctions on Russia Demolish Global Trade System, Cause Inflation Surge, Says Russian Banker
13.7.2023
Russia’s second-largest bank’s chairman says by imposing sanctions on Russia, the West has “demolished the global trade system and caused an inflation surge.” Pointing to the U.S. banking crisis as an example, he stressed: “This is virtually the largest financial and banking crisis since 2008,...
US Inflation Hits Two-Year Low, Boosting Stocks and Precious Metals
13.7.2023
On Wednesday, July 12, 2023, the U.S. Bureau of Labor Statistics released the Consumer Price Index report for June, showing a 3% increase in inflation, the lowest level since March 2021. The U.S. inflation rate has fallen for 12 consecutive months, with the index rising 0.2% on a monthly basis....
Economist Predicts End of US Dollar Dominance as More Countries De-Dollarize
13.7.2023
The chief economist at S&P Global has predicted that the U.S. dollar “will no longer be the dominant world currency.” Highlighting the diminishing influence of the USD, he pointed out that an increasing number of countries are de-dollarizing, noting that the Chinese yuan is growing...
Leveraged Yield Protocol Rodeo Finance Initially Loses $1.7 Million in ‘Force-Investment’ Hack
13.7.2023
Rodeo Finance, a leveraged yield protocol on Arbitrum, was on July 10 a victim of a “force-investment” hack in which almost $1.7 million was reportedly stolen. According to Rodeo Finance, about $810,000 has been recovered so far and there are plans to freeze the stolen funds. Protocol...
Neil Druckmann Takes Over Naughty Dog After Co-President Of 25 Years Retires
12.7.2023
Naughty Dog, the developers behind The Last of Us and Uncharted, is about to undergo a pretty big shakeup in leadership. Co-president Evan Wells has announced he’ll be retiring, and co-president and Last of Us director Neil Druckmann will be the sole president of the company moving forward.Read more
US Government Transfers $300 Million Worth of Seized Silk Road Bitcoins
12.7.2023
On July 12, 2023, onchain data shows the U.S. government transferred 9,800 bitcoins (BTC), worth just over $300 million. These bitcoins originally came from James Zhong’s Silk Road hack. In March, the Department of Justice also moved a similar amount of bitcoins associated with Silk Road....
Top Stablecoins See Steady Decline Over Past Month as Dollar-Pegged Token Economy Shrinks
12.7.2023
The top stablecoins have continued to see redemptions over the past 30 days as the dollar-pegged crypto economy currently hovers at $127.32 billion on July 12. The stablecoin BUSD’s supply has dropped below the 4 billion mark as the token’s number of coins in circulation has fallen...
The Last Of Us Is The First Game Adaptation To Get Emmy Noms—24 Of Them
12.7.2023
The 75th Emmy Awards revealed its nominations on July 12, and a video game adaptation is one of the most nominated shows of the year. HBO’s The Last of Us, starring Pedro Pascal and Bella Ramsey, has 24 total nominations, second only to HBO’s other powerhouse show, Succession, which has 27....
Biggest Movers: BCH 6% Higher, as US Inflation Falls by More Than Expected
12.7.2023
Bitcoin cash rose by nearly 6% on Wednesday, following the release of the latest consumer price index (CPI) in the United States. Inflation fell by 1.0% from May, coming in at 3.0% last month. Polkadot also rose, extending its winning run for a third straight day. Bitcoin Cash (BCH) Bitcoin cash...
Silk Road Advisor Sentenced to 20 Years in Prison While a Rogue Double-Agent Eludes Capture
12.7.2023
On Tuesday, July 11, 2023, the U.S. Attorney’s Office for the Southern District of New York, led by attorney Damian Williams, announced a 20-year prison sentence for Roger Clark. Clark was allegedly the senior advisor to the original Silk Road, an infamous darknet marketplace that operated...
Bitcoin, Ethereum Technical Analysis: Bitcoin Pushes Towards $31,000 as US Inflation Is Expected to Fall
12.7.2023
Bitcoin moved towards $31,000 on Wednesday, ahead of June’s inflation report from the United States. Consumer prices are expected to fall to 3.1%, down from May’s reading of 4.0%. Ethereum also edged higher, as the cryptocurrency closed in on the $1,900 mark. Bitcoin Bitcoin (BTC)...