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NFT Viking Game Goes Bust Amid Crypto Collapse, Mismanagement Allegations
7.9.2022
First announced in September 2021, at the height of the world’s collective NFT madness, Northern Guilds was supposed to be “a fun-first, device-agnostic dungeon crawler blockchain MMORPG inspired by your favorite childhood games”. It may shock you, reader, to find out that Northern Guilds has ended...
Report: Ethiopia-Based Crypto Service Providers Told to Register With the Country’s Cybersecurity Agency
28.8.2022
Cryptocurrency service providers operating in Ethiopia are now required to register with the country’s cybersecurity agency known as the Information Network Security Administration (INSA), a report has said. According to the agency, legal measures will be applied to crypto entities that fail...
Nigerian Currency Recovers Versus US Dollar — Central Bank Says Importers Must Repatriate Forex Earnings
6.8.2022
After touching a new all-time low of N710 per dollar in late July, a new report says the Nigerian currency has rebounded by as much as 10%. After initially blaming speculators, the Central Bank of Nigeria has said importers who fail to remit forex earnings may be contributing to the naira’s...
IMF Warns of Further Crypto Selloffs and More Coins Failing
29.7.2022
A director with the International Monetary Fund (IMF) has warned of further selloffs in both crypto assets and equities. He further warned that more crypto tokens could fail. IMF Foresees More Crypto Selling Pressure Tobias Adrian, director of Monetary and Capital Markets for the International...
Finder’s Crypto Experts Predict Solana Rising to $512 by 2030
23.7.2022
A panel of crypto industry experts has predicted that solana will be worth $166 by 2025 and $512 by 2030. “SOL is one of the leading contenders in the smart contract blockchain space. They are likely to be one of the chief beneficiaries if the Ethereum upgrades fail to deliver lower...
All 'Ethereum killers' will fail: Blockdaemon’s Freddy Zwanzger
22.7.2022
“All the Ethereum killers from back in the day didn't succeed, and I don't expect them to succeed at all,” Blockdaemon’s Ethereum lead told Cointelegraph
FTX CEO Sam Bankman-Fried Warns More Crypto Company Insolvencies Are Coming
29.6.2022
In a recent interview, Sam Bankman-Fried, the founder of the popular exchange FTX, warned that some crypto exchanges are “secretly insolvent” and may soon fail. Bankman-Fried’s FTX and Alameda Research have already helped Blockfi and Voyager Digital as the 30-year-old...
Fail better: Scott Melker on defying the odds with crypto trading
2.6.2022
Alleged Hydra Administrator Refuses to Provide Access to His Crypto Wallet, Report Claims
1.6.2022
A Moscow court has ordered the seizure of the crypto wallet of one of the alleged administrators of darknet market Hydra. Media reports reveal, however, that the man — who was arrested in Russia in mid-April — is refusing to share access to his presumed crypto stash with Russian...
SEC Chair Gensler Warns a Lot of Crypto Tokens Will Fail Following LUNA, UST Collapse
20.5.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned that a lot of crypto tokens will fail and many crypto investors will get hurt following the collapse of terra (LUNA) and stablecoin terrausd (UST). SEC Chair Gensler’s Warning After LUNA and...
UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation
10.5.2022
On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per unit. The stablecoin has been one of the most topical discussions in crypto during the past 24 hours, as many have been betting on whether it will fail or recover....
Steam's U.S. antitrust lawsuits fail to get dismissed - now what?
9.5.2022
Also: what do you all think of this newsletter, anyhow?
Belgium Introduces Registration for Crypto Exchange and Wallet Service Providers
3.5.2022
Authorities in Belgium have obliged providers of some crypto exchange and wallet services to register with the country’s financial watchdog. Targeted platforms that fail to comply with the new regulations will face fines, among other penalties, including prohibition to carry out their...
Bitcoin and Ethereum Fail Near Crucial Juncture, NEXO Rallies
29.4.2022
Bitcoin price spiked above USD 40,000, but there was no upside continuation. It is currently (11:49 UTC) trimming gains and trading below USD 38,900. BTC is down 2% in a day and more than 3% in a week.
Similarly, most major altcoins are trimming gains. ETH declined heavily after it failed...
‘Built to Fail’? Why TerraUSD’s Growth Is Giving Finance Experts Nightmares
22.4.2022
The Terra/Luna blockchain is growing at a blinding pace. At its heart, according to some critics, is a ticking time bomb
Bitcoin and Ethereum Fail Near Key Resistance, XRP Outperforms
15.4.2022
Bitcoin price started a recovery wave above the USD 41,200 level. However, BTC failed to gain strength for a clear move above the USD 41,500 resistance. It is currently (04:24 UTC) trading above USD 40,200 and is down 3% in a day....
Read More: Bitcoin and Ethereum Fail Near Key Resistance,...
UK Watchdog Asks Crypto ATM Providers to Stop Operating or ‘Face Enforcement Action’
13.3.2022
U.K. watchdog, the Financial Conduct Authority (FCA), has told firms running crypto ATMs in the country that they are operating illegally and must therefore shut down their machines. Operators that fail to heed the warning will face enforcement action, the FCA said. Crypto ATM Providers Operating...
Bitcoin and Ethereum Continue to Fail Near Highs, ATOM and ZEC Jump
3.3.2022
Bitcoin price attempted an upside break above the USD 45,000 resistance. BTC spiked above USD 45,200, but it faced sellers near USD 45,350 and is now down 2% in a day. It is currently (04:17 UTC) trading below USD 43,500, with a key support at USD 43,000.
Similarly, most major altcoins are also...
Vote to Remove Brantly Millegan From ENS Foundation Likely to Fail
2.3.2022
Millegan was previously removed as a steward of the DAO behind Ethereum Names Service, and the Singapore-based True Names Foundation
US Senators Fail to Find Stable Ground on Stablecoins
16.2.2022
Stablecoins are not used to pay for real-world goods or services, but are instead a speculative tool for the “shadiest part of the crypto ecosystem,” Democratic Senator Elizabeth Warren said during a hearing on stablecoins in the US Senate Banking Committee yesterday. Others, meanwhile, stressed...