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Bitcoin Price Outlook for July — Traders Remain Concerned About Upcoming Fed Rate Hike and Bankrupt Crypto Firms
8.7.2022
During the first week of July, bitcoin prices have risen to their highest level since mid-June, coming as U.S. Non-Farm Payrolls handsomely beat expectations. However, as we head into the remaining weeks of the month, questions still linger on if this momentum can be maintained, despite the current...
Are You Looking for a Different Launchpad? TAFLaunch Is Coming Soon
8.7.2022
PRESS RELEASE. Launchpads have gained immense popularity among crypto-enthusiasts in the DeFi space. They give crypto strategists access to early rounds of IDO’s and ICO’s, enabling people to invest in the promising projects and help them see the world. The community members receive lucrative...
Bitcoin Mining Infrastructure Provider Lancium to Bolster Battery-Powered Demand Response at 25 MW Texas-Based Facility
8.7.2022
According to Lancium Inc., a crypto mining infrastructure firm, the company has signed a deal with the Texas battery-storage provider Broad Reach Power LLC. Broad Reach Power plans to supply battery power to Lancium’s Fort Stockton-based 25-megawatt facility and when the grid is swamped...
Biggest Movers: MATIC Rises for 5th Straight Session, While AAVE Is up Nearly 10%
8.7.2022
MATIC was one of Friday’s notable movers, as prices of the token rose for a fifth consecutive session. This came as crypto markets were mostly in the green for the majority of the day’s session, with AAVE hitting a two-week high. Polygon (MATIC) MATIC was a notable mover on Friday,...
Spanish Exchange 2gether Blocks Operations, Affecting 100,000 Users
8.7.2022
2gether, one of the oldest cryptocurrency exchanges in Spain, has suddenly blocked its operations, leaving its users without access to their accounts. The platform informed it had to take this action due to the current situation of the market in an email directed to customers. In addition,...
Bitcoin, Ethereum Technical Analysis: BTC Surges Above $22,000 Ahead of NFP Report
8.7.2022
Ahead of the latest nonfarm payrolls report, bitcoin rose to a multi-week high above $22,000 on Friday. The token climbed to its highest level in over three weeks, whilst ETH also rallied, rising above $1,200 for the first time in nearly two weeks. Bitcoin BTC rallied to a three-week high...
Report: Nigerian Fintech Giant Flutterwave Accused of Laundering Money, More Than 50 Bank Accounts Frozen
8.7.2022
A Kenyan agency charged with tracing and freezing proceeds of crime said it recently obtained an order giving it the authority to freeze bank accounts belonging to Nigerian fintech Flutterwave. The agency alleges that Flutterwave is not providing merchant services as per claims, but is instead...
Proposal to Set Up Russian Crypto Exchange Circulated in Moscow
8.7.2022
Russia may establish a dedicated exchange to carry out cryptocurrency transactions locally, a high-ranking member of the State Duma has suggested. The new platform can be hosted by the Moscow Exchange, according to Anatoly Aksakov, head of the parliamentary financial market committee. Russian...
Binance CEO Meets Senegalese and Ivory Coast Presidents, Says ‘Africa Is Primed for Crypto Adoption’
8.7.2022
Changpeng Zhao, the CEO of cryptocurrency exchange Binance, tweeted that he recently held meetings with the presidents of Senegal and Ivory Coast. The meetings are part of his initiative which is aimed at driving up the adoption of cryptocurrency in Africa and beyond. CZ’s Meeting With...
Former Tiktok Gaming Boss Launches Metao, a ‘Blockchain Agnostic’ Gaming Company
8.7.2022
Jason Fung, former head of gaming at Tiktok, the video-based social media, is launching a blockchain-based gaming startup. The company, called Metao, will focus on providing “blockchain-agnostic” solutions that will allow Web3 game creators to expand their reach and not be limited...
Colombia Issues Guide for Implementing Blockchain for Public Projects in the Country
8.7.2022
The Ministry of Information Technologies and Communications of Colombia, Mintic, has issued a guide that describes the steps to implement blockchain in projects directed at the state level. The document defines blockchain and its basic elements, and also describes the guidelines that some projects...
Keyfi Founder Sues Celsius — Says Crypto Lender’s Entire Portfolio Had ‘Naked Exposure to the Market’
8.7.2022
On July 7, 2022, the pseudonymous non-fungible token (NFT) collector known as “0xb1” published a Twitter thread that discusses the collector’s true identity and his relationship with the crypto lending firm Celsius. According to 0xb1, otherwise known as Jason Stone, his team...
US and South Korea to Share Data on Crypto Cases, Including LUNA and UST Meltdown: Report
8.7.2022
The U.S. and South Korean governments have reportedly agreed to share data on ongoing crypto cases, including the case surrounding Terraform Labs CEO Do Kwon and the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). U.S. and South Korea to Share Data on Crypto Investigations...
IMF: Global Economic Outlook Has ‘Darkened Significantly’ — Global Recession Cannot Be Ruled Out
8.7.2022
The head of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the global economic outlook “has darkened significantly,” emphasizing that, regarding a global recession, “we cannot rule it out.” IMF Says Global Economic Outlook ‘Has...
Lucky Player Wins A Second 5,000x Jackpot on Bitcoin.com’s Crypto Casino, Bags Another 3 BTC
8.7.2022
Book of Aztec unleashes the power of luck, and dishes out a massive 5,000x multiplier! A 3 Bitcoin Jackpot Was Awarded From a Small Bet of 0.0006 Bitcoin When it rains, it pours – but it’s pouring money, or more precisely bitcoin (BTC), for this lucky player on our crypto casino!...
Discussion Platform Reddit Introduces Blockchain-Backed Collectible Avatars to 52 Million Users
7.7.2022
The social media and discussion website Reddit has announced the launch of blockchain-backed collectible avatars. The collectible avatars are stored via the Polygon blockchain as the chain was chosen for its “low-cost transactions and sustainability commitments.” Reddit’s...
Value Locked in Defi Swells by $7 Billion, Tron’s TVL Spikes 34.85%, Ethereum Dominates by 62%
7.7.2022
After tapping a 2022 low of $70 billion on June 19, the total value locked (TVL) in decentralized finance (defi) has increased by more than $7 billion. During the last seven days, the TVL in defi held within the Ethereum blockchain has increased by 4.47% as Ethereum’s TVL commands 62.92%...
Satoshi Nakamoto Dropped From the World’s 20th Richest Billionaire to the 79th in 8 Months
7.7.2022
In mid-November 2021, Bitcoin’s inventor Satoshi Nakamoto was one of the wealthiest individuals on the planet, with more than $69 billion in bitcoin, and was among the top 20 on the Forbes 2021 Billionaires list. Seven months have passed since then, and Bitcoin’s unknown creator...
Russian State Duma Adopts Law Banning Payments With Digital Financial Assets
7.7.2022
The lower house of Russian parliament has adopted a law prohibiting the use of digital financial assets in payments. To implement the restriction, exchange operators have been obliged to reject transactions which make it possible to employ these assets as a means of payment. Russian Parliament...
Crema Finance Hacker Negotiates With Defi Project’s Team, Returns $8 Million in ETH and SOL
7.7.2022
Following the hack on July 2, 2022, the team behind the decentralized finance (defi) protocol Crema Finance detailed that after some negotiation, the hacker returned roughly $8 million in crypto assets. According to the team, the hacker agreed to take a white hat bounty worth 45,455 solana. Hacker...