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GameStop Decides to Shut Down NFT Wallet Citing Regulatory Uncertainty
2.8.2023
Popular video game retailer GameStop has announced plans to shut down its NFT wallet due to regulatory uncertainty in the crypto space.
According to a pop-up message on its NFT marketplace, GameStop would cease support for the wallet starting November 1.
"Due to the regulatory uncertainty...
GameStop will stop support for its crypto wallets, citing ‘regulatory uncertainty’
1.8.2023
The retail company used to be known primarily for its brick-and-mortar retail stores but has also launched an NFT marketplace and a soon-to-be-canceled line of crypto wallets
GameStop to Remove Crypto Wallets Citing 'Regulatory Uncertainty'
1.8.2023
Leading game retailer GameStop will suspend its crypto wallets due to regulatory uncertainty in the United States, just one year after launching, the company announced Tuesday
Bitcoin’s $30K uncertainty, XRP’s $0.8 ambitions, DigiToads presale’s $7M target
27.7.2023
Crypto markets suffered an unforeseen setback. Market updates showed first Bitcoin’s $30,000 uncertainty before it dipped below and the previous support turned resistance. Momentum still favors XRP, with traders citing $0.80 ambitions, but the hidden star in the current turbulent climate...
Crypto VC funding tumbles as economic uncertainty scares off investors
21.7.2023
June rejected the three-month trend of rising venture capital investment into crypto, though that’s not necessarily a bearish signal
First Mover Asia: Bitcoin Fear and Greed Index Sinks Into Neutral Territory, a Sign of Investor Uncertainty
21.7.2023
The decline reflects an asset that has been stuck in a tight trading range. PLUS: Bitcoin plods below $30K amid another sluggish day for cryptos in which LINK was a rare bright spot
US Lawmakers Call on Congress to Pass Crypto Law Following SEC v Ripple Ruling on XRP
16.7.2023
Several U.S. lawmakers have called on Congress to pass crypto legislation following the court ruling on the U.S. Securities and Exchange Commission (SEC) v. Ripple case regarding XRP. “Gary Gensler’s SEC cannot continue to pursue its regulation by enforcement approach, which only...
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...
CoinDesk Market Index Q2 Review: Quiet Appreciation, Regulatory Uncertainty
10.7.2023
On the positive side, the SEC started approving crypto ETF products, buoying markets for bitcoin and ether. On the other: major crypto exchanges were sued by regulators, increasing regulatory uncertainty around the sector
Bitcoin remains resilient in the face of uncertainty
10.7.2023
The global market is facing extreme resistance, with the Fed’s latest revealing its decision to halt the consecutive hike rates that continued for 10 months and were debated vigorously. Following the Fed’s hawkish sentiment, the futures rate of interest has risen considerably, currently...
World Gold Council’s Mid-Year Report: Gold Set for a Neutral Second Half Under Economic Uncertainty
9.7.2023
On July 6, 2023, the World Gold Council (WGC) released its 2023 Mid-Year Outlook, revealing that a “strong first half for gold is likely to give way to a more neutral H2.” According to WGC researchers and market strategists, central banks are “nearing the end of their...
CZ Says News of Exec Departures at Binance Is FUD
9.7.2023
Founder of Binance, Changpeng Zhao (CZ), sought to downplay the significance of the exits of some executives at the crypto exchange, describing news about them as “more FUD” (fear, uncertainty, and doubt). The managers are leaving during an ongoing regulatory crackdown on the major coin trading...
U.S. crypto regulatory uncertainty could be Hong Kong’s gain - Yat Siu
4.7.2023
Animoca Brands founder Yat Siu believes Hong Kong’s efforts to foster the Web3 ecosystem is in stark contrast to regulatory uncertainty hampering development in the United States
2 Rate Hikes or Hold? Fed Predictions Vary From No Rate Hikes to 6% in 2023
3.7.2023
Based on projections from the U.S. Federal Reserve, it is anticipated that the central bank will implement two additional increases to the federal funds rate within the span of 2023. As indicated by Fed policymakers, they estimate the benchmark bank rate to fall within the range of 5.5% to 5.75%...
Rise in Salaries Paid in Bitcoin as Employees Opt for Crypto Amid Economic Uncertainty
30.6.2023
Human Resources industry executives have noted that employees are willing to receive their salaries in Bitcoin (BTC), given the current hyperinflation and political conundrum in many regions worldwide.
Recent bank failures and volatility among fiat money are shifting people to opt for stablecoins...
Biggest Movers: SHIB, MATIC Fall 5% Lower on Wednesday, Hitting 1-Week Low
28.6.2023
Shiba inu was down by as much as 5% on Wednesday, as the meme coin slipped to a one-week low in today’s session. Market uncertainty has heightened in recent days, following the news that Prime Trust has been placed into receivership. Additionally, traders’ nerves increased ahead of Federal...
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Below $31,000 Following Prime Trust Liquidation
28.6.2023
After briefly rising above $31,000, bitcoin consolidated on Wednesday, as bulls moved to secure recent gains. The uncertainty came as crypto custodian Prime Trust entered receivership, after being found to be illiquid by authorities. Ethereum also declined, once again falling below $1,900. Bitcoin...
Dubai: Launching a Crypto Regulatory Arm to Become a Global Financial Power
27.6.2023
The center of the crypto universe has been shifting toward the UAE since March 2022, when Dubai announced the world’s first independent crypto regulator, the Virtual Asset Regulatory Authority. With its state intention to provide legal clarity for crypto, the No. 5 spot in CoinDesk’s Crypto Hubs...
Uncertainty over digital assets traps institutions in 'supervisory void' — Fed Governor
25.6.2023
Lack of clarity on digital assets could have significant consequences for banks navigating higher interest rates, according to Fed Governor Michelle Bowman
Bitgo Abandons Acquisition of Prime Trust Amidst Nevada-Based Custodian’s Ongoing Uncertainty
22.6.2023
On June 22, 2023, Bitgo, a digital assets firm and crypto custodian, declared the termination of its planned acquisition of custodian Prime Trust. The company cited a “considerable effort” in attempting to chart a course for Prime Trust’s future. Bitgo Cancels Prime Trust Acquisition...