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Showing posts from July, 2023

Crypto traders considering Tradecurve, interest in BNB and XRP declining

Investors looking for alternatives to Binance Coin (BNB) and XRP may explore Tradecurve’s TCRV and its exchange. The platform has innovative features that could interest investors. Let’s explore these projects further. >>Register for the Tradecurve presale<< Ripple argued differently in their lawsuit against the SEC Before the court’s ruling, a Ripple executive pointed out the United States Securities and Exchange Commission’s (SEC) lack of internal cohesion on exiting regulations and mentioned previous meetings with its former officials where XRP was not classified as a security.  You might also like: Ripple boss sheds light on SEC and Hinman’s internal documents Ripple’s legal team saw the lawsuit as bad faith and were convinced the agency thrived in regulatory uncertainty. Binance calls out scammers in Nigeria Binance issued a desist order to Binance Nigeria Limited for scamming investors using a fake website.  As a result, Nigerian market regulators i

Bitcoin in Critical Phase Ahead of Bull Run: Crypto Analyst

Dan Gambardello says the Bitcoin market is in an in-between phase. According to Gambardello, Bitcoin’s current phase could be painful and mentally demanding. The analyst also described this phase as a potential season of opportunities. Dan Gambardello, founder of recruiting firm Crypto Capital Venture, as well as the host of the popular YouTube channel of the same name, says the Bitcoin market is in an in-between phase. According to him, winter is over, but the bull market has not begun, leaving traders and investors in expectation. Gambardello remarked that the period between the winter market and the bull run could be painful and mentally demanding for crypto market participants. While users wait for the bull market to kick in, Gambardello notes that the waiting period is critical for setting up a game plan for the future. Despite acknowledging the pain and boredom associated with the waiting period, Gambardello observes that it could be a season of opp

Twitter Users Want Death Sentence for Corrupt US Politicians

Wall Street Silver shared a video as an example of how US politicians should be treated. In the video, Marou Amadou, a former Niger government official, was caught on video crying. Rumor says he cried after being asked about the country’s finances and stolen money. Wall Street Silver, a Twitter influencer, shared a video as an example of how politicians should be treated in the US. The influencer asked whether such a treatment, as contained in the rumor associated with the video, be extended to politicians in the United States. Marou Amadou, a former Niger government official, was caught on video crying after being asked about the country’s finances and stolen money, according to a Twitter post. The post stated that the military gave him 48 hours, after a coup and overthrow, to explain the country’s missing finances or face execution by firing squad.  To explain the country’s finances and stolen money as the Niger minister of finance. He’s be given 48hrs

Crypto Biz: Elon Musk’s X targets financial services, PacWest emergency rescue and more

This week’s Crypto Biz explores Elon Musk’s plans for X, the Italian central bank’s take on DeFi, PacWest’s merger with Banc of California and more. Social media platform X — formerly known as Twitter — may soon advance plans to add financial services to its users, hoping to become the American equivalent of the Chinese super-app WeChat. The concept of super-apps isn’t new. Tech giant Tencent, the company behind WeChat, has been refining the model since 2011. Like Twitter, it began as a social networking platform but quickly became the go-to app for everything in China, from shopping to filing for divorce with one click. Musk believes that, if executed correctly, X could capture “half of the global financial system.” To accomplish that and keep his promise of delivering an “entire financial world” on the platform, the executive might include cryptocurrencies in its plans. There was even a hint that Dogecoin (DOGE) would be a part of it. As the “global town square” where most crypto

Crypto.com Secures Registration Approval in Netherlands

Crypto.com has successfully secured registration approval as a provider of crypto services in the Netherlands. The permission was granted by the central bank of the region, De Nederlandsche Bank [DNB]. We're excited to share that https://t.co/vCNztATSCO has been approved for registration in the Netherlands🇳🇱 as a provider of crypto services. This registration confirmation follows a comprehensive review of https://t.co/vCNztATSCO’s business and compliance practices. Learn… pic.twitter.com/MSiRJJ9KDy — Crypto.com (@cryptocom) July 28, 2023 Also Read:  Crypto.com Unveils Collaboration with Samsung Approval is a Significant Milestone: Crypto.com CEO Crypto.com ’s official announcement pointed out that the aforementioned registration confirmation came on the back of “a comprehensive review” of the exchange’s business. The company’s compliance policies are in line with the Netherlands’ Money Laundering and Terrorist Financing Prevention Act. Kris Marszalek, CEO of Crypt

Zuckerberg Reaffirms Commitment to Metaverse, AI Despite $3.7B Loss

Mark Zuckerberg reaffirms commitment to metaverse vision and AI despite loss. Reality Labs, Meta’s AR/VR division, experienced a $3.7B operating loss in Q2. Meta continues to invest in AI and metaverse development while leaving NFTs and crypto behind. Meta CEO Mark Zuckerberg recently conveyed the company’s steadfast commitment to its metaverse vision and artificial intelligence (AI) during a second-quarter earnings call reflecting a $37 billion loss in Reality Labs. Reality Labs, Meta’s augmented and virtual reality (AR/VR) division, generated $276 million in Q2 revenue, experiencing a 39% decrease due to lower VR headset sales. The division’s expenses stood significantly higher at $4 billion, resulting in an operating loss of $3.7 billion. Despite the financial challenges, Zuckerberg remains optimistic about Reality Labs’ role in Meta’s long-term strategy, highlighting it as a significant opportunity for the company. Interestingly, Meta expects more

Conflux Collaboration with World Mobile

Conflux Collaboration with World Mobile, The first mobile network owned by the people and built on #blockchain. World Mobile Token (WMT) will bridge from #Cardano to the Conflux blockchain, marking the first bridge outside Cardano for the mobile network’s native token. World Mobile and Conflux will collaborate on integrating the Conflux network into World Mobile’s AyA sidechain, enabling EarthNode capabilities and financial settlement. In addition, both parties will collaborate to increase connectivity and market penetration in Asia and Africa. World Mobile successfully tested its network in Nigeria after a successful launch in Zanzibar. And lastly, World Mobile and Conflux will collaborate to increase global digital connectivity using Conflux’s blockchain-based SIM card. ­ About World Mobile Network  On the World Mobile network, customers will connect to and transmit data through their various types of AirNodes . Transactions on the network will be processed on-chain by EarthNodes .

Worldcoin struggles to find new users willing to scan iris for crypto

The controversial crypto project’s new sign-ups have dwindled and numbers pale in comparison to the 2 million sign-ups before the launch of the project. The controversial crypto project Worldcoin was launched for the public on July 24, making way for customers to scan their iris at designated locations in 20 countries and receive 25 Worlcoins (WLD) the native token of the project.  The project debuted on the back of 2 million pre-signups but the interest seems to have faded after the actual launch. On that first day, users seemed keen, with Hong Kong seeing the highest number of signups.  The city offered three designated spots called Orbs, where users ; irises are scanned and they're offered a “world ID.” According to a report published by South China Morning Post, the three designated locations in Hong Kong each saw about 200 signups on the first day, making it the highest number of signups across the 20 countries included in the launch. Heatherm Huang, one of the Orb operato

Japan PM Fumio Kishida Calls Web3 ”New Capitalism,” Says It May Transform Internet

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Join Our Telegram channel to stay up to date on breaking news coverage Japan’s Prime Minister Fumio Kishida said Web3 is “a new form of capitalism” and added that it may transform the internet. The Japanese government is committed to fostering an atmosphere that would encourage the promotion of Web3, Kishida added in comments in a keynote speech on the opening day of the WebX conference in Tokyo, according to CoinPost . He also emphasized the potential of Web3 to spur innovation across industries. Japanese Prime Minister Fumio Kishida addresses at #webx “Web3 is part of the New Form of Capitalism” pic.twitter.com/Q3XFFQIRzb — WebX 2023 (July 25-26) (@WebX_Asia) July 25, 2023 Japan’s Web3 Advantage Japan has an advantage in developing technologies like Web3 because it has actively regulated the crypto industry early in its development to safeguard citizens and promote collaboration between the public, corporate, and political sectors, said Koichi Hagiuda, the head of the

Arkham unveils Terraform’s and Do Kwon’s secret holdings

Arkham Intelligence, a crypto data provider, has disclosed crucial information regarding the crypto holdings and wallet activity of Terraform Labs and its founder, Do Kwon.  The revelation came from an anonymous sleuth and renowned crypto analyst, ErgoBTC. He won a $5,000 bounty granted by Arkham and submitted the data to Arkham Intelligence for the Arkham Intel Exchange. The Arkham Intel Exchange now has its first approved submission: new evidence of wallets owned by Do Kwon / Terraform Labs. An anonymous on-chain sleuth and @ErgoBTC were the successful bounty hunters. The new labels are available for all to track here: https://t.co/GT9dCGU5q6 pic.twitter.com/0QruCFQ4OS — Arkham (@ArkhamIntel) July 24, 2023 Over $160m held by Terraform and Do Kwon According to the data, Terraform Labs and Do Kwon currently hold $161.27 million in crypto assets. Despite this impressive figure, the cumulative loss on their holdings stands at $61 million. Bitcoin (BTC) is the largest component

SBF Lawyer Denies Witness Tampering Allegations in Criminal Fraud Case

Sam Bankman-Fried’s lawyer vehemently denies tampering with witnesses. The legal team agreed to abide by a gag order, restricting public discussions. Bankman-Fried had discussed with a reporter and shared personal documents. According to a report, FTX founder Sam Bankman-Fried (SBF) ‘s legal team has firmly rebuffed accusations of tampering with witnesses during the criminal fraud case. In a recent communication addressed to the presiding judge, the attorneys vehemently rejected the prosecution’s claims, asserting that the discussions held by Bankman-Fried with a reporter from the New York Times were far from constituting witness tampering. While countering the prosecutors’ claims, the legal team consented to a gag order as a sign of cooperation. For context, this order is a legal directive or court order that restricts certain individuals or parties from publicly discussing or disclosing specific information related to a case, investigation, or legal proceed

DOGE Forms Descending Triangle, Will it Observe 5-Digit Spike Again?

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Ali observed a descending triangle pattern forming on the DOGE one-week chart. The DOGE/USDT 1-Day Chart shows a falling wedge pattern could be forming. DOGE’s three-digit spike and five-digit could be caused by the trader’s interests. A crypto analyst under the pseudonym Ali observed a descending triangle pattern forming on the DOGE one-week chart. The crypto analyst also pointed out that DOGE experienced a 23,200% surge last time a descending triangle pattern formed. Currently, Ali speculated that if DOGE closes above $0.80, then, there may be a chance that the bullish surge could happen once again. #Dogecoin | The last time a descending triangle developed on the monthly chart $DOGE pumped 23,200%! I'll be looking at a sustained monthly close above $0.80 for confirmation. pic.twitter.com/RVgymwIhtK — Ali (@ali_charts) July 23, 2023 Looking at the DOGE/USDT 1-Day Chart, the candlesticks could be forming a falling wedge pattern. This could be deduce

Man Who Claims He’s Bitcoin Inventor Satoshi Nakamoto Wins Appeal in UK Copyright Lawsuit

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Join Our Telegram channel to stay up to date on breaking news coverage The man who claims he’s Bitcoin inventor Satoshi Nakamoto had an appeal upheld in a UK court and is now able to contend in further legal action that the Bitcoin file format is sufficiently well defined for copyright protection. Australian Craig Wright, who has claimed since at least 2016 that he created Bitcoin (BTC), had lost a February lawsuit he brought against 13 Bitcoin Core developers and businesses including Blockstream, Coinbase (NASDAQ: COIN), and Block. He claimed then that the defendants had violated his copyright to the so-called Bitcoin white paper, its file format, and his database rights to the Bitcoin blockchain. The latest ruling enables Wright to argue for copyright protection for the Bitcoin file format under UK law. But his claim that he is Nakamoto and that he developed the 2008 Bitcoin white paper, written under the pseudonym Satoshi Nakamoto, is controversial. The Bitcoin Legal Defens

How do DeFi projects generate profit?

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If you don’t know where the yield is coming from, you are the yield. This week’s episode of Market Talks discusses how DeFi platforms generate a profit and if high yields are sustainable. This week’s episode of Cointelegraph’s  Market Talks  welcomes Alvin Xu, the co-founder and CEO of Maverick Protocol, a platform that is taking a new approach to building decentralized finance (DeFi) infrastructure. Xu has been in the crypto space since 2018, and before co-founding Maverick, he led products and ecosystems across MetaMask, Abra Wallet, BitTorrent and the Tron Foundation. The show kicks off with a discussion about the Ethereum Community Conference in Paris, where Xu was a guest. He gives the inside scoop on all the latest updates and developments from the conference. Capital shift is an issue in DeFi, with money constantly rotating into different protocols and blockchains. How can protocols create real products that are sustainable when users just chase after yield and airdrops? Xu ex

US Federal Reserve’s launches FedNow for instant payments

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The United States Federal Reserve has officially launched FedNow, an instant payment service offering round-the-clock payments and settlements. Initially, the service has a transaction limit of $100,000 per customer, which could be later extended to $500,000. The Federal Reserve’s new payment service, FedNow, promises consumers the ability to send and receive money within seconds. However, it’s worth noting that the solution will be under the central bank’s control. FedNow will be accessible to Americans every day of the week throughout the year, empowering residents to make instant payments for their daily necessities and send funds to their loved ones. Additionally, businesses can promptly pay their suppliers through this network. You might also like: FedNow program aims to introduce fully digital US currency Initially, the service sets a transaction limit of $100,000 per customer. Nevertheless, the Federal Reserve has suggested the possibility of raising this limit

Robert F. Kennedy Jr. Unveils Plan to Back Dollar With Bitcoin, Exempt BTC From Capital Gains Tax

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Join Our Telegram channel to stay up to date on breaking news coverage Robert F. Kennedy Jr., a Democratic presidential candidate, unveiled a plan to partially back the dollar with Bitcoin and exempt BTC from capital gains taxes when converted to dollars. Backing the dollar with ”real finite assets” including gold, silver, platinum and Bitcoin may help restore the dollar’s strength, curb inflation and ”usher in a new era of American financial stability,” Kennedy said at an event on Tuesday. The shift would start very gradually with ”very, very small, perhaps 1% of issued T-bills” being backed by assets like the three commodities and Bitcoin, he said. Based on the outcome of this initial stage, he envisions progressively increasing the portion backed with such assets over time. RFK Jr. on fiat currency & #bitcoin pic.twitter.com/J0GC4had9x — Dylan LeClair 🟠 (@DylanLeClair_) July 19, 2023 He believes the moves would encourage innovation, protect privacy, and promote bu