News about Bitcoin and Ethereum, Blockchain Technology and Cryptocurrencies. FinTech, Startups and P
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Mercedes-Benz and Polygon to develop a blockchain-based data sharing platform
Daimler South East Asia, a part of the Mercedes-Benz Group, announced a data-sharing network based on blockchain technology, which will use the Ethereum Layer-2 scalability platform Polygon. A new data-sharing platform under the name Acentrink, will let businesses purchase and sell and trade data in...
Number of new daily DOGE addresses climbs over 260% in 2 months
The price of Dogecoin has been fluctuating over the last several weeks under the sentiments of the cryptocurrency market. But investors have not refused from the meme coin as it finds not only support but also new holders, which could soon benefit its price. In the last two months, the price of Doge...
Crypto Exchange Zipmex Goes Bankrupt
After weeks of rumors, cryptocurrency exchange Zipmex stated that it has filed for bankruptcy protection in Singapore in response to mounting legal threats from creditors. The Thailand-based crypto exchange is reported to have more than $50 million in exposure to Babel Finance and Celsius, crypto le...
Bitcoin holds $24K as USD taps 3-week lows on eurozone inflation report
Bitcoin reached a $24,000 mark as support before the July 29 Wall Street open as fresh inflation data sparked worries for the euro. The day’s macroeconomic data delivered painful news for the European Economic Area (EEA). The latest data estimates for euro inflation at 8.9% for July. It is higher ...
Number of dApps in Polygon Network Exceeds 19,000
The team of developers of the Polygon network has reported about the achievements of the project during the first 6 months. It talked about their plans for the second half of 2022. They have informed that the number of apps operating on the network has reached 19,000. The monthly average number of t...
Solana-based Nirvana loses $3.5M to flash loan exploit
After the chaos caused by counterfeit tickets in the UEFA Champions League 2022, crypto exchange Binance has launched the pilot of its NFT ticketing solution with football club Società Sportiva Lazio for the 2022 to 2023 season. Binance stated that NFT tickets will solve the problem of fake tickets...
Meta Sheds $2.8 Billion In Virtual Reality Division This Q2
The results of Meta Platforms during the second quarter of this year were disappointing for Facebook. It is the first time the social media giant has experienced a massive drop in annual income. Meta segment, called Reality Labs, which focuses on the metaverse had quarterly losses of $2.81 billion.....
The US economy declined by 0.9% during the second quarter
According to data released on Thursday, the US economy lost 0.9% during the second quarter of 2022. After a decline of 1.6% in the first quarter the US economy shrunk by 0.9%. It is a technical recession by some definitions. According economists predictions the estimate for annualized growth to be 0...
Binance jumps into NFT ticketing after UEFA League fiasco
After the chaos caused by counterfeit tickets in the UEFA Champions League 2022, crypto exchange Binance has launched the pilot of its NFT ticketing solution with football club Società Sportiva Lazio for the 2022 to 2023 season. Binance stated that NFT tickets will solve the problem of fake tickets...
Neither LUNA nor SHIB, Ethereum is now the most-trending cryptocurrency
During the rise of the cryptocurrency market the altcoins like Terra (LUNA) and Shiba Inu (SHIB) that have previously dominated the list have been dislodged. High capitalization assets are in the centre place. Second-ranked Ethereum continues to attract interest, recording significant gains within 2...
NFT Hacks Via Discord Could Be Connected
According to TRM Labs, an analysis of recent hacks targeting NFT projects carried out through Discord shows that many of them are part of a larger string of attacks. Such attacks have rapidly risen over the past three months. Since May 2022, the NFT community has lost as much as USD 22m. Last June,....
Tether says that it holds no Chinese commercial paper
Stablecoin issuer Tether said today that it holds no Chinese commercial paper. In a statement, Tether informed that it has reduced its commercial paper value by $4.7 billion since the start of this month. It currently holds $3.7 billion of commercial paper in its reserves, It 88% less from $30 billi...
It Will Take Some Time Before Bitcoin Price Recovers
According to Glassnote data, while the Bitcoin price has bounced from the $20,000 level, long-term indicators suggest that additional time may be needed to form a solid base. The company’s experts have supported their opinion with the status of the URPD indicator. It demonstrates the structure of ...
SHIB burn rate surges amid crypto card release
The proposed release of a crypto card by Shiba Inu has influenced the meme coin burn rate. On 25 July, the burn website of SHIB announced that it was working on a crypto card for payments. The SHIB burn card will allow burning a small amount of SHIB tokens anytime a user uses the card […]
Solana Hits All-Time Low in NFT Sales Volume, Tumbling More Than $200M
Solana NFT sales dropped during June due to the bearish trends in the digital collectibles market. Solana is the third-most successful blockchain, with a total NFT sales volume of around $2.48 billion. According to Be[In]Crypto research, sales volume for the chain was approximately $91.52 million in...
Minecraft Enacts Ban on NFTs
Microsoft, which owns highly popular 3D sandbox game Minecraft, has announced a ban for NFTs being used in the game. According to CoinDesk, Minecraft has joined a list of games to ban the use of NFTs on its platform. According to Minecraft statement, to ensure that Minecraft players a safe and inclu...
DeFi TVL Sheds $5 Billion As Tokens Record Double-Digit Losses
The total DeFi TVL has been on the decline since the market losses began. The market, which had risen as high as $250 billion in TVL at one point, has now lost the majority of that value. In July the DeFi market added more than $10 billion to its TVL. Starting out at $72 billion, […]
Crypto Market Shaves Off $50 Billion In One Day As Reversal Begins
The crypto market has now seen more than $50 billion lost in a one-day period as the market lost its recovery. This had been expected for the market due to the large recoveries recorded in a short period of time. Bitcoin and Ethereum’s recoveries last week had done enough to push the whole of the ...
Philippines think tank Infrawatch wants Binance banned
Philippines-based think tank Infrawatch PH has petitioned authorities to investigate Binance’s operation in the Asian country. In a July 25, the think tank stated that Binance operated in the country without a license. The crypto exchange has no office in Manila and uses third-party companies to e...
Total Stablecoin Supply Down By $35 Billion
Global total stablecoin supply dropped at the end of Q2 2022 by some 18.8%. The equity markets and risk assets face turbulent periods due to rising inflation and other macro factors. Stablecoins are digital tokens pegged to fiat currencies like the U.S. dollar. Such tokens use blockchain technology....
Some $300 Million Poured into Crypto Projects Last Week
Over $300 million of funding was invested into crypto companies this past week. Ex-Meta Platforms staff raised $150 million in funding for Aptos Labs. It a blockchain startup that wants to make transactions faster and cheaper. The startup had already reached unicorn status in March, and this new fun...
More Than 57,000 Traders Liquidated As Bitcoin Declines Below $22,000
The price of bitcoin has fallen below $22,000 once more. It caused the liquidations, which have ballooned in the last 24 hours. More than 57,000 traders have seen their positions liquidated. This has led to a total of $151 million in assets liquidated over the last day. The most prominent of these h...
Chipotle Launches ‘Buy the Dip’ Game That Will Give Away $200K in Cryptocurrency
On Monday (July 25), Chipotle Mexican Grill, Inc. today announced the launch of a new interactive game called “Buy The Dip”. It will give away more than $200,000 in $BTC, $ETH, $SOL, $AVAX, and $DOGE. Fans can access the ‘Buy The Dip’ game by visiting: www.chipotlebuythedip.xyz.” The press...
Investor seeks to deploy $75,000 robot dogs to retrieve $176 million in lost Bitcoin
James Howells, a man who had made headlines for inadvertently disposing of more than 8,000 Bitcoins on an old hard drive, now has a strategy to recover his discarded cryptocurrency. In 2013, Howells ditched the hard drive that contained the Bitcoins. BTC ultimately found their way to local landfill....
Hacker Steals $6M from Decentralized Platform Audius
A hacker stole around $6 million in digital assets from the treasury of decentralized streaming platform Audio last July 23. The hacker modified the configuration of the smart contract and initialized a malicious management proposal. According to the statement of project developers: the team of the....
Employees Want To Be Paid in Crypto
According Deel’s 2022 State of Hiring Report, cryptocurrencies make up 5% of all global payments withdrawn monthly. The survey, which united the results from over 100,000 contract workers worldwide, found that crypto payments are most attractive to three predominant groups of people: people who us...
Almost $6 Billion Lost by Cryptocurrency Investment Funds Like 3AC, Celsius and Others
Cryptocurrency investment funds lost almost $6 billion worth of Bitcoin following the massive liquidation series on the cryptocurrency market back in the May-June period. The biggest loser on the market is, as expected, the Luna Foundation Guard. The largest portion of the coins that were lost is co...
BlockFi has $1.8B in outstanding loans, $600M of which are uncollateralized
Liquidity problems in the crypto market have forced some of the larger companies in the space to post transparency reports addressing the ongoing crisis. BlockFi, a centralized crypto lender, published its own quarterly transparency report after receiving a much-needed financial injection from FTX.U...
Crypto to reach 1 billion users in 2030
According Boston Consulting Group, Budget and Foresight Ventures, crypto adoption is still very low compared with traditional investment assets. Only 0.3% of individual wealth is invested in crypto, which is incomparable with the 25% put into equities. The report concludes that the shallow investmen...
Finnish Customs Sells €46.5 Million in Bitcoin
Finland Customs has sold 1,889 BTC confiscated during drug-related crime investigations. The state has received around €46.5 million from the sale of cryptocurrencies. The assets were sold by two digital asset service providers. Around 90 BTC are at the disposal of customs, waiting a new court dec...
Tesla breaks even on Bitcoin sale, Musk confirms no Dogecoin was sold
Tesla released its Q2 2022 financial report on July 20. It showed the company had sold 75% of its Bitcoin holdings, netting $936 million in the process. Tesla CEO Elon Musk said the company did not sell any of its Dogecoin. In response to the news, the reaction from the crypto community was generall...
Bitcoin Mining Energy Efficiency Rises 46% in One Year
The Bitcoin Mining Council (BMC) has just released its quarterly report on the state of the crypto mining sector. It focuses on energy consumption, technology efficiency and environmental metrics. At the end of Q2 2022, the total hashrate of BMC members amounted to 107.7 EH/s, which is more than 50%...
Crypto market cap remains above $1 trillion despite Tesla selling 75% of its Bitcoin holdings
Even though Tesla has reported that it sold $936 million worth of Bitcoin (BTC), or 75% of its holdings, during the second quarter, the market capitalization of cryptocurrencies remains above $1 trillion. Immediately after the earnings report was published, the price of Bitcoin lost almost 2% in val...
Venture Capitalists pump $29 billion into crypto firms in 2022 despite market crash
The 2022 cryptocurrency market fall has negatively affected on most businesses. It impacts the inflow of investments. At the same time venture capitalists continue to accelerate their funding initiatives. According to Cointelegraph , cryptocurrency companies in 2022 have raised over $29 billion, a f...
Bored Ape whale loses $150,000 of ETH in ENS listing fumble
Franklin Caldwell, or “franklinisbored” as he is known on Twitter, lost 100 ETH ($150,000) in an Ethereum Name Service (ENS) domain name transaction on Wednesday. Caldwell is the seventh-largest holder of Bored Ape Yacht Club NFTs. He is regarded an influencer in the NFT space. Caldwell created ...
Bitcoin may hit $120K in 2023, says trader as BTC price gains 25% in a week
Bitcoin touched $24,000 at the July 20 and this bring optimism to crypto investors. Twenty-four-hour gains for the pair was 8% and weekly returns near 25%. It means that Bitcoin and altcoins benefitted from a declining U.S. dollar and rising stock markets. Bitcoin’s rise had seen bulls reclaim key...
Nigerian banks impede e-Naira adoption over concerns it will impact banking revenue
Nigerian banks are unwilling to promote Nigeria’s low-cost central bank digital currency, e-Naira, due to concerns of losing revenue. E-Naira offers a commission-free alternative to traditional money transfers. However, only 700,000 users have created an e-Naira wallet since the currency launched ...
Bored Ape Kennel Club Sales Dip More Than $57 Million to 2022 Low
Bored Ape Kennel Club (BAKC) saw a substantial plunge in sales volume during June bearish market. Bored Ape Kennel Club is among the top 20 NFTs by all-time sales volume. As of July 15, BAKC had a total sales volume of around $339.57 million. According to Be[In]Crypto research, Bored Ape Kennel Club...
Whale buys $1.7 billion in ETH futures marking 7-month highest hourly market order
The ongoing Ethereum network development is potentially impact the asset’s price positively in the future despite undergoing a significant correction in recent months. Investors are showing their readiness to take profit from a possible Ethereum rally by investing in ETH futures. According Crypto ...
Bitcoin Can Still Hit $500,000 In 5 Years, According To This Wall Street Veteran
One more cryptocurrency prediction. After Bitcoin recovery, it has again found a strong ally in a Wall Street stalwart. Billionaire Mike Novogratz is back with one more Bitcoin prediction. He said Bitcoin could hit $500,000 in the next five years. Despite its expansion since creation, the cryptocurr...
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