Cryptocurrency lobbying groups in Japan reportedly intend to ask lawmakers to reduce the tax rates on the local digital asset sector. Thus, talents in the industry will be more likely to stay in their home country instead of trying their luck in a nation where taxation policies are less stringent. The Crypto Brain Drain Should...Read More
Web3-focused digital identity platform, Unstoppable Domains, announced closing $65 million in Series A funding. Its valuation now stands at $1 billion. The round was led by a new investor Pantera Capital. Other participants include Polygon, CoinDCX, CoinGecko, Mayfield, Gaingels, Alchemy Ventures, Redbeard Ventures, Spartan Group, OKG Investments, We3 syndicate, Rainfall Capital, Broadhaven, EI Ventures, Hardyaka,...Read More
The crypto network “eCash” markets itself as “wealth reinvented.” With greater transactional speed, eCash is utilized for transfers all over the world without even a financial institution. The Bitcoin Cash ABC network, which consists of a group of seasoned professionals, launched in 2017. Is a successor of the Bitcoin cash project that led up to...Read More
Word on the street is big tech earnings by FAANG companies for quarter two might disappoint. The question is if this will have an impact on the broader market and, consequently – cryptocurrency. Apple and Amazon will follow with reports Thursday. Big Tech “FAANG” Companies Q2 Earnings Expectations Are Glum Though their earnings won’t directly...Read More
In its World Economic Outlook update for July, the International Monetary Fund said that 2022 has been “gloomy and more uncertain.” The report, published on July 26, noted that a “dramatic sell-off” of crypto assets led to large losses in crypto investment vehicles and hedge funds. However, “spillovers to the broader financial system have been...Read More
The South Korean Ministry of Justice reportedly approved the prosecutors’ request that the notorious Co-Founder of Terraform Labs – Do Kwon – be ordered to notify authorities when he returns to his country. He is believed to be currently residing in Singapore. The Prosecution Wants to Hold Kwon Accountable The collapse of Terra’s native token...Read More
[PRESS RELEASE – Tokyo, Japan, 26th July 2022] PolkaFantasy, the world’s first Japanese ACG-dedicated blockchain ecosystem, announced the launch of their rebranded NFT marketplace, aimée, on a quest to bring people from all over the world together for their love of NFTs on August 4th and 7th. As part of the launch, aimée is featuring...Read More
[PRESS RELEASE – Sofia, Bulgaria, 27th July 2022] Following the debut of the first ‘Smart Wallet’ Twitter Spaces on July 21, Ambire is launching a fully-fledged infotainment series, held on Wednesday every week. Smart Wallet is designed to inform, guide and educate users of the crypto space about smart wallets, highlighting their strength as versatile...Read More
Cathie Wood’s crypto investment firm ARK Invest has reportedly sold more than 1.4 million shares of Coinbase Global (COIN). As of Tuesday’s closing price, the shares amounted were worth around $75 million. Offloading Coinbase Shares According to a Bloomberg report, this is the first time that funds controlled by the investor had dumped COIN this...Read More
After Binance defied U.S. sanctions on Iran, another exchange followed suit, which has now drawn the attention of the U.S. Treasury. The U.S. Treasury Department’s Office of Foreign Control has probed an investigation into Kraken, a cryptocurrency exchange. According to the New York Times report, the exchange is reportedly involved in violating the rules and...Read More
[PRESS RELEASE – Grand Cayman, Cayman Islands, 27th July 2022] Following the success of launching the flagship title ‘Big Time’ into Early Access and generating NFT sales in excess of 100 million dollars, BIG TIME Studios Ltd. (BTS) announced the OPEN LOOT (OL) Platform. OL enables developers to launch web3 games and distribute their NFTs...Read More
The litigation between the US Securities and Exchange Commission (SEC) and the San Francisco-based blockchain company Ripple took a new turn. The regulator’s motion to revoke the amici curiae status granted to XRP holders was dismissed by Federal District Judge Analisa Torres. According to the defense lawyer James K. Filan, the motion to prevent attorney...Read More
A new breed of crypto derivative is about to arrive on our platform. In one week’s time, users will be able to trade crypto’s first-ever perpetual FX swap listings – with up to 50x leverage. It’s an addition that will allow users to trade and speculate on some of the most popular foreign currency pairs...Read More
A month has passed since the bridge exploit that saw Harmony lose $100 million worth of Ether, and the subsequent decline of their Whitehat offer for the return of funds. As a result, the Harmony devs have begun looking for ways to reimburse the community for their lost funds. Unfortunately, the response closely mirrors the...Read More
Jefferies analyst Brent Thill downgraded the software analytics provider to “underperform” from “hold” as the ongoing crypto shambles failed to demonstrate strong signals for a market reversal. The downgrade that categorized the stock from “hold” to “underperformance” maintained its price target at $180. Following the news and bitcoin dipping below $21,000 on Tuesday, shares of...Read More
A quick update that we’ve just listed our new monthly Bitcoin futures contract on BitMEX. XBTQ22 started trading at 04:00 UTC on 27 July 2022.You can start trading XBTQ22 here, or read on to learn more. Our Current Bitcoin Futures Contracts For the listing and settlement dates of our current futures contracts, please see the...Read More
The blockchain company – Ripple – teamed up with the Singaporean fintech firm – FOMO Pay, aiming to boost its cross-border treasury flows. Ripple’s Latest Partnership As a digital payment system for monetary transactions, one of Ripple’s goals is to leverage crypto and provide cross-border settlements. Its On-Demand Liquidity (ODL) is meant to enable quick...Read More
