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Fantom Coin is Going to Zero After Multichain Bridge Hack but Crypto Whales are Accumulating This Other Coin Instead – Just 10 Days Left
7.7.2023
The price of Fantom Coin (FTM) has dived by 11% in the past 24 hours, after a hack of Fantom's Multichain bridge resulted in a loss of cryptocurrencies worth upwards of $126 million.
At $0.266907, FTM is now down by 14% in a week and by 10% in the last 30 days, with the altcoin remaining up by...
Bitwage Purges USDC Payments for US Residents Due to a ‘More Strict Regulatory Climate’
7.7.2023
Bitwage, a cryptocurrency payroll company, has announced it will remove USDC-based payments for U.S. residents. In an email sent to U.S.-based customers, Bitwage explains removing the second-largest stablecoin by market cap from its platform is related to a “more strict regulatory...
How the spot Bitcoin ETF filings affected the crypto industry in June: Report
7.7.2023
The competition among zk-Rollup-based scaling solutions is tightening while the security tokens market continues steadily
Zuck Meme Coin Blasts Up 30,000% and Crypto Experts Say Wall Street Memes is the Next Best Low Cap Gem – $13 Million Raised Already
7.7.2023
The price of Zuck Coin (ZUCK) has risen by more than 130% in the past 24 hours, with the new meme token enjoying a 30,000% gain since it first listed on Uniswap a few days ago.
The coin remains in the ascendancy and has not really experienced a significant dip since its launch, yet it's still...
Nigerian crypto tax move is ‘premature’ – local stakeholders
7.7.2023
Industry stakeholders seek clarity regarding the implications of taxation and its connection to the recognition of cryptocurrency and associated procedures
Canadian regulator explains stance on crypto staking, lending for investment funds
7.7.2023
Staking is still allowed, while the lending opportunities are limited and the proportion of "illiquid" assets is restricted
SEC Approval of Spot Bitcoin ETF Is Unlikely to Be a Game Changer for Crypto Markets: JPMorgan
7.7.2023
Such ETFs have existed for some time in Canada and Europe, but have failed to attract large investor interest, the report said
NEAR Foundation onboards the Crypto Council for Innovation
7.7.2023
The Crypto Council for Innovation has announced adding a new member to its list. That is the NEAR Foundation, and the goal is to strengthen the commitment to leveraging each other’s expertise to advocate the transformation that Web3 can bring. Additionally, the NEAR Foundation and CCI will...
IMF Working Paper Urges Tax System Overhaul to Tackle Crypto’s Tax Collection Challenges
7.7.2023
A research paper published by the International Monetary Fund (IMF) warns that tax collection is significantly more challenging with cryptocurrency assets, and current tax systems are not designed to handle them. The IMF’s working paper emphasizes that certain crypto assets may not persist...
Russian Ministry Proposes ‘Crypto Ban’ – But Miners & Stablecoin Issuers May Be Safe
7.7.2023
The Russian finance ministry has reportedly proposed banning the circulation of crypto in the nation, but wants to make exceptions for stablecoin issuers and crypto miners.
Per Frank Media, sources “familiar with the matter” told the news agency Interfax that the proposals could be bundled with...
Top Crypto Gainers on DEXTools – PEPE2.0, FLOKI2.0, SHIB2.0
7.7.2023
Crypto markets were under pressure on Thursday, with bitcoin (BTC) falling back under $30,000 and ether (ETH) falling back under $1,850 amid macro headwinds.
Private US payroll company ADP’s estimate for the number of jobs added to the US economy in June exceeded expectations by a huge margin...
Blackrock Seeks to Democratize Crypto — CEO Says Bitcoin Can Hedge Against Inflation, Currency Devaluation
7.7.2023
Larry Fink, the CEO of the world’s largest asset manager, Blackrock, says bitcoin is an international asset and crypto can be used instead of gold to hedge against inflation, the onerous problems of any country, as well as currency devaluation. Blackrock, which has a near-perfect track...
Multichain Bridges Experience Unannounced Outflows of Over $130M in Crypto
6.7.2023
Multichain's bridges for Fantom, Dogechain and Moonriver are seeing major unexplained outflows
Scientists created a crypto portfolio management AI trained with on-chain data
6.7.2023
According to the researchers, CryptoRLPM is the first reinforcement learning-based AI system using on-chain metrics for portfolio management
BAYC-Centric Apecoin Hits All-Time Low, Suffers 92% Decline From Last Year’s Peak
6.7.2023
In the midst of a considerable drop in the base price of non-fungible tokens (NFTs) from the Bored Ape Yacht Club, the related cryptocurrency, apecoin (APE), has likewise suffered due to the bearish trends in that specific market. While many crypto assets have seen an increase in worth over...
Welcome to the NEW Crypto for Advisors Newsletter
6.7.2023
Digital assets and crypto are rapidly changing the investing landscape. We’re here to help financial advisors find their way
'AI Jobs' Search Hits Four Times Higher than 'Crypto Jobs' During Bitcoin's Record High
6.7.2023
The rise of artificial intelligence (AI) has outshined the once dominant crypto narrative, a new study shows.
The study, conducted by analyzing Google Trends data, compared the search interest in AI and crypto jobs to provide insights into the levels of interest in these sectors.
It found that...
Anchorage Digital's Assets Under Custody Surge Amid Increased Demand for Safe Crypto Storage
6.7.2023
The San Francisco-based crypto bank Anchorage Digital has seen a surge in its business this year, as institutions seek safer ways to store their crypto, Bloomberg has reported.
In the first quarter of 2023, Anchorage Digital’s assets under custody rose 80% compared to the prior quarter, the report...
Former FTX US CEO New Venture: Architect – AI-Based Trading Platform for Crypto
6.7.2023
The former President of the now defunct FTX.US is starting another crypto trading platform – and he plans to imbue it with artificial intelligence (AI)....
Read More: Former FTX US CEO New Venture: Architect – AI-Based Trading Platform for Crypto
Biggest Movers: BCH Back Above $300.00, as SOL Hits 1-Month High
6.7.2023
After falling by as much as 10% on Wednesday, bitcoin cash rebounded in today’s session, climbing back above $300.00 in the process. The move came during a volatile market session, which saw crypto’s global market cap remain largely unchanged. Solana was a notable exception however...