Bitcoin Telegraph

31/07/2022

Nearly 75% of retailers plan to accept cryptocurrency payments within the next 2 years

From Starbucks to Lamborghinis, consumers are using cryptocurrency to pay for a variety of goods — and retailers are taking notice.
Nearly 75% of retailers plan to accept either cryptocurrency or stablecoin payments within the next two years, according to a June survey conducted by Deloitte titled "Merchants getting ready for crypto."

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30/07/2022

Cryptocurrency exchange FTX said on Friday it was fully approved to operate its exchange and clearing house in Dubai, as the Gulf emirate pushes forward with plans to develop its digital asset sector.
The Bahamas-based company said it will start by offering regulated crypto derivatives products and trading services to institutional investors in Dubai as well as operate a nonfungible token marketplace and provide custodial services.

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20/07/2022

Blockchain company Ripple has officially confirmed that Jed McCaleb, one of its co-founders, has sold his entire XRP holdings. ��"Tacos anyone? JK the stand is closed," Ripple CEO Brad Garlinghouse tweeted. ��Prior to that, social media users started discussing McCaleb finally emptying his wallet on Sunday after an eight-year sell-off.��The American entrepreneur received 9 billion units of XRP back in 2012 together with other co-founders.��After exiting the company back in June 2013, McCaleb said that he would start selling his XRP stash “as quickly as possible.” Eventually, he reached an agreement with Ripple to liquidate his remaining tokens based on the daily trading volume.��As reported by U.Today, most of McCaleb’s sales came after the U.S. Securities and Exchange took the company to court over allegedly illicit XRP sales. �

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19/07/2022

Coinbase Secures Regulatory Approval in Italy. The crypto exchange joins Binance in gaining clearance in that country.

San Francisco-based cryptocurrency exchange Coinbase has secured approval from financial regulators in Italy, allowing it to continue serving Italian customers.
* According to a blog post, the Organismo Agenti e Mediatori (OAM) has added a new requirement that mandates all crypto trading or custody companies to meet the criteria before continuing to offer services in Italy.�“Building a constructive relationship with regulators in every jurisdiction in which we operate is incredibly important as we march toward our mission of increasing economic freedom in every corner of the world," said Nana Murugesan, vice president of international and business development at Coinbase. "Gaining this regulatory approval is a testament to our close collaboration and positive working relationship with the Italian financial regulators."�Rival exchange Binance received regulatory approval in Italy from the OAM last month.

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13/07/2022

Shiba Inu Attracts Heavy Buying Pressure For 12-Days Straight in July

For 12 consecutive days in July, more than 85% of investors on Coinbase kept Shiba Inu on ‘buy’ and the rest on ‘sell.’ Also, for three days, SHIB’s buying pressure has crossed 90% ‘buy’ with only around 10% of investors selling the token. Today, data shows that 92% of users are buying SHIB, while a small number of users, compromising 8%, kept it on ‘sell.’

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10/07/2022

KuCoin Releases First Half of 2022 Results, Reports $2 Trillion Volumes and 9.75 Million New Users

Leading global cryptocurrency exchange KuCoin has released its semiannual report highlighting the main metrics and achievements of 2022. The report delves into both market performance and innovative product development aimed at solidifying the exchange’s position in the decentralized assets market across various jurisdictions.

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09/07/2022

Binance Is “Self Sufficient”, Owes No Loan: CZ Binance Affirms.

Changpeng Zhao, the CEO of leading global crypto exchange has confirmed today, that the exchange company is self sufficient and does not take loans from others.
He made the revelation during in a response to a tweet question that requested to know the company status.
“Does Binance aim to expand its influence and be better than all other crypto exchanges?”
Despite the Crypto winter, Binance, the world’s largest crypto exchange, says it has a healthy war chest capable of seeing it through this bear market. Consequently, the company listed over 900 global job openings in May.
The crypto market has been hit hard recently, from the Russian-Ukraine war to growing inflation and China’s covid lockdown. Consequently, several crypto firms have announced measures to cope with the current price slump amid wide-ranging macro headwinds. The steps employed range from job cuts to rescinding offers of employment and reduction in hiring.

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09/07/2022

Elon Musk notifies Twitter he is terminating deal. Billionaire Elon Musk wants to end his deal to buy Twitter, according to a letter sent by a lawyer on his behalf to the company's chief legal officer Friday.
Twitter shares were down about 5% after hours on Friday.

In the letter, disclosed in a Securities and Exchange Commission filing, Skadden Arps attorney Mike Ringler charged that "Twitter has not complied with its contractual obligations."

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08/07/2022

Celsius Network Pays Off Maker Loan, Freeing Up $440M of Collateral
The troubled crypto lender paid down the remaining $41 million of its debt on the DeFi platform.

Celsius Network, the crypto lender that halted user withdrawals last month because of liquidity pressures, reclaimed $440 million of collateral on Thursday after it fully paid off a loan on Maker, one of the largest decentralized finance (DeFi) platforms in the crypto universe.
On-chain data shows that a wallet linked to Celsius repaid the remaining $41.2 million of the loan in DAI, the Maker protocol's stablecoin. That prompted the Maker protocol to release 21,962 wrapped bitcoins (WBTC), a bitcoin equivalent token of the Ethereum blockchain, which was pledged as collateral of the loan. That works out to about $448 million, since WBTC was recently trading at about $20,400.

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08/07/2022

Compared to other social networking sites, Reddit has taken a slow and limited approach to features that carry a stain of self-promotion or branding. Even a decision to add simple profile pages that users could fill with their own posts faced criticism. Browsing the site, you’re more likely to see posters using variations of the site’s mascot, Snoo, in their profile picture than the selfies that dominate Twitter or Facebook. Now, we’ll see how the community responds to Reddit’s offer of “blockchain-backed Collectible Avatars.” In case you’re wondering, yes, these are non-fungible tokens (NFTs) that are available for purchase in the Reddit Avatar Builder.

08/07/2022

Crypto Exchange Bitstamp Cancels Inactivity Fee Amidst Customer Outrage, Plummeting Trading Volumes

Bitstamp canceled its plans to enact an inactivity fee shortly after it announced that it would charge small, inactive accounts, €10 per month to hold assets at the exchange.

“After listening to our community’s response, we’ve changed course,” the company said in a blog post announcing the cancellation.

The Europe-based crypto exchange announced last Friday that starting August 1, 2022, accounts with less than €200 in balance that had no activity in the past 12 months would be charged a €10 per month fee. Customers quickly compared the move to that of traditional finance, criticizing the exchange. Others saw it as a desperate attempt for Bitstamp to protect itself in the crypto winter.

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07/07/2022

Bank of England Panel Calls for Enhanced Crypto Regulation to Limit Contagion
The loss of $2 trillion of crypto market cap over a period of months has “underscored the need for enhanced regulation,” the Financial Policy Committee said.

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07/07/2022

The latest Celsius reports have caused investors and supporters to ease their worries over the insolvency of the leading firm. Initial speculation began on 12 June when the company announced the freezing of user accounts in a blog. Citing “extreme market conditions,” Celsius paused all withdrawals, swaps, and transfers between accounts.

But interestingly, Celsius has been actively paying off loans to keep itself afloat. On 2 July, the lender paid off $67 million of its loans, according to crypto researcher Plan C. The debt was combined between AAVE, Compound, and Maker.

06/07/2022

06/07/2022

Binance ‘burns’ nearly $400 million worth of BNB

Crypto exchange Binance has destroyed roughly 1.3 million BNB as part of its quarterly token burn.

Major cryptocurrency exchange Binance has announced that it successfully completed the 16th quarterly token burn yesterday, removing $393.6 million worth of Binance Coin (BNB) from circulation.
“We have completed our 16th quarterly BNB token burn of 1,296,728 BNB (roughly $393,673,653.52 equivalent). The latest quarterly burn includes the actual burning of 1,291,565 BNB, plus an additional 5,163 BNB that was effectively burned via the Pioneer Burn Program,” the exchange reported.

12/06/2022

The ‘1 Cent dream’ is still alive and active among the Shiba Inu community members. Investors firmly believe that SHIB is destined to reach the $0.01 milestone and will mostly get there sooner or later. Therefore, SHIB enthusiasts have been loading up their bags at every dip-buying millions of tokens in the melee. The main and the most important goal for the majority of Shiba Inu holders are holding on to the asset until it touches $0.01 and beyond. For them, SHIB is ‘all they have’ and ‘believe in’ that could get rid of their financial issues and hectic work culture.