Weekly NFT Sales Dip by 1.18% Despite Rising Buyers and Transactions
Based on the most recent week-long data, non-fungible token (NFT) sales experienced a slight decline of 1.18% from the previous week. Despite a recorded $107.05 million in NFT sales, there was a noteworthy rise of 86.71% in the number of buyers…
Kiyosaki: Buy Silver Before It’s Gone; Michael Burry Bets Against Stocks — Week in Review
Rich Dad Poor Dad author Robert Kiyosaki urges buying silver before it’s gone, hedge fund manager Michael Burry has bet $1.6 billion on the stock market collapsing, and mining rig manufacturer Bitmain is set to reveal a cutting-edge BTC…
Banks Allowed to Issue Crypto Mastercard Cards in Uzbekistan
Authorities in Uzbekistan have authorized two local banks to issue payment cards allowing users to spend their digital coins. The move is part of a pilot project to launch virtual cards linked to cryptocurrency wallets on an exchange that will…
Canaan Cuts Bitcoin Mining Power by 2 EH/s Amid US, Kazakhstan Challenges
Canaan, a leading high-performance computing firm and mining rig producer, recently disclosed hurdles set to dent its bitcoin mining activities and revenue from Q3 2023 onward. These setbacks primarily stem from diminished operational hours of…
Morocco Denies South Africa’s Claim That It Has Applied to Join BRICS: Report
Morocco has reportedly denied the claim made by South Africa, the host of the BRICS summit this year, that it has formally applied to join the economic bloc. According to South African officials, over 40 countries are interested in joining the…
Dollarization Can Lead to ‘Economic Contraction and Collapse’ of Argentine Economy — Former US Treasury Official
The U.S. chairperson of the Official Monetary and Financial Institutions Forum (OMFIF) has characterized the Argentinian presidential hopeful’s plan to fully dollarize the economy as “a far too risky gamble.” Mark Sobel said full…
BRICS Expansion Will Speed Up De-Dollarization, Chinese Expert Says
As more countries join the BRICS economic bloc, there will be a significant increase in settlements using national currencies, leading to an acceleration in the de-dollarization process, a Chinese expert says. “For most developing countries…
Economist Lord Jim O’Neill Calls BRICS Currency Idea ‘Ridiculous’ — Says China and India Never Agree on Anything
Lord Jim O’Neill, the British economist credited with coining the acronym BRIC, calls the creation of a common BRICS currency “ridiculous,” emphasizing that the BRICS nations have “never achieved anything since they first started meeting.” H
Bankman-Fried Wants to See His Lawyers Outside Jail Five Days a Week
FTX founder Sam Bankman-Fried (SBF) is asking to be released from jail five days a week to work on his defense for the fraud trial against him set to begin in October. On Friday, Bankman-Fried’s lawyers complained to a judge in Manhattan that the…
Ethereum Gears Up for ‘Holesky’ Testnet Launch With 1.6 Billion Testnet Ether
Ethereum developers plan to roll out a new testnet named Holesky, intending to bring 1.6 billion Holesky testnet ether to the network. The core devs of Ethereum highlighted that 1.4 million validators were evaluated for Holesky, with the aim of…
US Court Classifies Tornado Cash as ‘Person’ in Verdict Echoing Ooki DAO Designation
A recent ruling by a U.S. judge declared that Tornado Cash holds the legal status of a “person.” This development came on the heels of a previous verdict in June, which recognized the decentralized autonomous organization Ooki DAO in a…
Opensea Phases Out BNB Smart Chain Support, Citing Resource Alignment With Promising Efforts
One of the largest non-fungible token (NFT) platforms, Opensea, has declared its decision to withdraw BNB Smart Chain (BSC) support. Opensea revealed that the “cost to continue supporting BSC outweighs the impact.” Opensea Pivots Away…
Worldcoin’s Turbulent Debut: Down 53% From Peak With 85% WLD Held in Just 6 Wallets
In just over 25 days since its listing debut on July 24, 2023, the cryptocurrency known as worldcoin (WLD) has experienced a notable decline of 29% when measured against the U.S. dollar. Notably, within the last week alone, it saw a decrease of…
Biggest Movers: XLM, DOGE Rebound on Saturday, Following Recent Market Sell Off
Stellar was a notable mover during Saturday’s session, as the token returned to the green to start the weekend. Prices recently fell lower for six straight days, however, bulls have reentered the market snapping this streak in the process…
Bitcoin, Ethereum Technical Analysis: BTC, ETH Seek Support Level, Following Worst Selloff Since FTX Crisis
Bitcoin started the weekend trading below $26,000, as the cryptocurrency had its worst week since the collapse of FTX. Market sentiment was bearish following reports that Spacex liquidated its bitcoin holdings. Ethereum remains below $1,700…
Zetachain Raises $27 Million to Develop a ‘Chain to Manage Them All’
Zetachain, a project that seeks to build one chain to interoperate with all other blockchains, announced it raised $27 million in a Series A funding round. Blockchain.com, Human Capital, Vy Capital, Sky9 Capital, and Jane Street Capital, among…
UK Regulator: Crypto Asset Businesses Expected to Comply with the Travel Rule Starting in September
According to the United Kingdom’s Financial Conduct Authority, crypto asset firms operating in the country will be required to comply with the Financial Action Task Force’s travel rule starting on Sept. 1, 2023. Crypto asset businesses…
UK Researchers Claim New Tech Supercharges Bitcoin Mining With 260% Faster Hash Detection, Slashes Energy Use
Quantum Blockchain Technologies (QBT), a research firm hailing from the U.K., purports to have spearheaded a revolutionary leap in bitcoin mining tech. They’ve unveiled certain methods that reportedly enhance the chances of pinpointing a…
Cybercriminals Use Crypto Gaming to Steal Millions — Philippines National Police
The cybercrime fighting unit within the Philippines National Police has asked residents to be wary of rewards promised by play-to-earn (P2E) games because they can be used to steal crypto assets worth millions of dollars. The unit said players can…
Elon Musk’s Spacex Writes Down Bitcoin Worth $373 Million
Spacex reportedly wrote down the value of its bitcoin holdings by $373 million over the past two years and sold an undisclosed amount of the cryptocurrency. According to reports, Tesla, another company run by billionaire Elon Musk, has taken a…
Dubai to Subsidize Commercial Licenses for Web3 and AI Companies
Dubai will offer subsidized licenses for Web3 and artificial intelligence (AI) companies that want to enter the country. The Dubai International Financial Centre (DIFC) and its campus will subsidize 90% of the costs of these licenses to attract…
Study: Bitcoin Ordinal NFT Sales Nosedive as Broader Market Cools
The buzz surrounding Bitcoin’s leap into the NFT world via Ordinals might be fleeting. A Dappradar study reveals that trading actions and sales figures for Bitcoin Ordinals have plummeted by a staggering 97% since their May 2023 zenith. This…
SEI’s Rocky Start: New L1 Crypto Token Dives 65% in 3 Days Amid Market Turmoil
The newly listed cryptocurrency SEI took a substantial hit after its debut, plummeting over 65% from its peak value in just three days. The coin’s latest 13% tumble mirrored a decline in the broader crypto market in the last 24 hours. New L1 Token…
Top 10 Stablecoins Witness Massive Supply Reductions, Yet Dominate 61% of Global Trade Volume
For the first time in months, the entire list of top ten stablecoin assets has experienced supply shrinkage in the last 30 days. The stablecoin market now stands at $124 billion, following notable reductions across several projects. Yet…
Biggest Movers: LTC, XRP Plunge 15% Lower on Friday
Litecoin was one of the notable movers during Friday’s crypto blood bath, as markets reacted to speculation that Spacex had sold over $370 million in bitcoin. Today’s sell-off saw the global market cap fall by roughly 6.20%, at the…
Report: SEC on Cusp of Approving Ethereum Futures Amidst Crypto Market Rollercoaster
The U.S. Securities and Exchange Commission (SEC) is said to be on the verge of greenlighting futures products tied to ethereum (ETH), as per a Bloomberg report. One insider privy to the development indicated that a handful could secure approval…
Bears ran through crypto markets on Friday, following reports that Elon Musk’s Spacex had sold all of its bitcoin holdings. It has been suggested that Spacex liquidated over $370 million worth of the cryptocurrency last year. Ethereum…
Kenyan Residents Asked to Participate in a ‘Public Survey on Virtual Assets’
Kenya residents who wish to shape their country’s policy towards the crypto ecosystem can now do so by participating in a public survey on virtual assets and virtual assets service providers, the Financial Reporting Centre (FRC) has said. The…
Tether to Withdraw Support for USDT on Omni, Kusama, and Bitcoin Cash’s SLP
Tether has announced a strategic transition that will see the company withdraw support for USDT issued on Omni, Kusama, and Bitcoin Cash’s Simple Ledger Protocol (SLP). The company stated that one of the factors that affected this decision…
BRICS Bank Issues First ZAR Bonds as It Looks to Use Local Currencies
The New Development Bank (NDB), established by the BRICS bloc of emerging economies, has issued its first bonds denominated in South African rand (ZAR). The auction, which was closed on Tuesday, is part of the bank’s efforts to increase both…
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