Online crypto brokerage EToro and the SPAC that's taking it public are expected to let the deadline for their merger agreement to expire.The termination date for the $8.8 billion deal…
Today’s crypto movers: Bitcoin (↓4.97%), Ethereum (↓8.93), Polygon (↓9.45%) and 0x (↑6.20%) | finder.com
Bitcoin traded below US$20,000 once again, pulling most altcoins lower with it. Macroeconomic factors continue to weigh down on crypto, but this drop could be attributed to multiple financial institutions and crypto hedge funds being either completely liquidated or forced to close some of their positions recently.
Crypto Analyst Michaël van de Poppe Issues Bitcoin Warning, Updates Ethereum Outlook As Markets Dive – The Daily Hodl
A widely followed crypto analyst is updating his forecast for the two leading cryptos by market cap as the markets crash. Earlier this morning, crypto trader Michaël van de Poppe warned his 613,900 followers that Bitcoin (BTC) must hold the $19,300 region as final support.
$72 Billion ‘Diamond’-Wall Street Giant Issues A Shock Bitcoin Price Prediction Amid Continued Ethereum, BNB, XRP, Solana, Cardano And Dogecoin Crypto Crash
Bitcoin, ethereum and other major cryptocurrencies have continued to slide this week with the bitcoin price suddenly plunging back under the closely-watched $20,000 per bitcoin level after a dire China warning.
The Department of Justice also announced charges in four crypto-related criminal cases on Thursday.
FTX had earlier floated a $250 million line of credit to BlockFi in a bid to stabilize its bleeding cash flows The crypto lender has been one of a number of recent operators caught off guard by slumping crypto markets Cryptocurrency exchange FTX has accelerated its shopping spree with a soon-to-be finalized purchase of beleaguered digital assets lender BlockFi, according to three sources familiar with the matter.
PARK FALLS – A blockchain and supercomputing hosting business operating in the former Flambeau Paper Mill opened its doors for a public open house on June 27. SOS Limited, a China based tech company with core technologies of artificial intelligence and blockchain, announced it was pursuing a lease agreement with the mill owners earlier in the year and has now started operations after securing a power agreement with Xcel Energy Inc.
The European Union (EU) reached a deal on Wednesday regarding anti-money laundering rules that would apply to a large number of cryptocurrency transactions. The new rules aim to prevent money laundering and terrorist financing, among other crimes, by requiring crypto-assets service providers to collect and store information identifying people involved in cryptocurrency transactions, as well as hand the information over to authorities that are conducting investigations.
Americans with stock portfolios or retirement investment plans would likely prefer to forget the last six months. The S&P 500, Wall Street’s broad benchmark for many stock funds, closed the first half of 2022 with a loss of more than 20% after starting the year at an all-time high.
Upgrades on the ice, upgrades off the ice, Insiders! The Kings announced today the first wave of renovations to Crypto.com Arena, as a part of a three-year process to improving the fan experience for LA Kings games. Highlighting the first year’s upgrades are new, state of the art LED panels that will enhance the fan […]
EU officials on Thursday secured an agreement on what is likely to be the first major regulatory framework for the cryptocurrency industry. The European Commission, EU lawmakers and member states hammered out a deal in Brussels after hours of negotiations. The move came a day after the three main institutions finalized measures aimed at stamping out money laundering in crypto.
Jack Schickler is a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He doesn’t own any crypto. BRUSSELS – European Union (EU) policymakers have struck a deal on landmark legislation to regulate crypto assets and service providers throughout the bloc’s 27 member nations.
The chief executive of California-based asset manager Research Affiliates has called cryptocurrencies a “Ponzi scheme”, claiming bitcoin and the blockchain technology underpinning the world’s largest digital asset help fuel illegal activity. “They are a Ponzi scheme that facilitates money laundering,” Chris Brightman told Financial News when asked about his views on cryptocurrencies.
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! ( Kitco News) – Is this the end of the gold vs bitcoin debate?
MIAMI, FLORIDA, UNITED STATES, June 30, 2022 / EINPresswire.com/ — Avana Wallet released a Solana NFT minting tool that enables Solana users to mint NFTs for under one dollar. Users can upload an image, add metadata and mint Solana NFTs in under one minute using Avana Wallet’s NFT minting tool.
In order to legally own your non-fungible token (NFT) brand, you can and should consider federally registering the trademark on it. NFTs are inherently valuable given that they represent unique, irreplaceable digital assets. Even if you believe that you may never use your trademark in connection with any NFT, third parties may want to license the ability to use it in connection with certain NFTs.
Elizabeth Napolitano is a news reporter at CoinDesk. Crypto lending platform Celsius is exploring options to “preserve and protect assets” following its mid-June turmoil, according to an announcement published on the firm’s blog on Thursday.
Shiba Inu Coin has proven to be one of the most resilient altcoins of the recent crypto market crash. At the time of publication, SHIB is up over 11% year-to-date. And after a plummet in mid-May with the rest of the crypto world, it rebounded big in June.
Unless you’ve been hiding under a rock for the last few months, you’re probably well aware of the Merge. Ethereum’s upcoming switch to a proof of stake consensus model is one of the most anticipated upgrades in crypto ever. According to developers, the switch signals a drastic decrease in power consumption, about 99.95%.
Xinyi Luo is CoinDesk Layer 2’s features and opinion intern. She does not currently hold any cryptocurrencies. Crypto, as big as it once was, often feels like a family affair – and sometimes that’s literally true. Natalia Ameline is the mother of Ethereum creator Vitalik Buterin, but she may be better known for her personal contributions to the crypto industry.
Fabless chipmaker Nano Labs ( NA), which specializes in integrated circuits for cryptocurrency mining, intends to raise around $37M through a US initial public offering. In an amended filing, Nano Labs said that it plans to offer 3.5M American Depositary Shares, representing 7M ordinary shares, priced between $9.50 and $11.50 per ADS.
Data shows the Bitcoin spot trading volume has dropped down almost 60% since the recent high, suggesting activity has severely fallen. As per the latest weekly report from Arcane Research, the BTC spot volume recently observed a drop of around 58.7% in just nine days.
Bitcoin, the best-known of the world’s virtual currencies, has collapsed, losing trillions of dollars in the process along with all of the other cryptocurrencies. This has created massive losses for the nation of El Salvador, which in 2021 became the first country in the world to accept Bitcoin as legal tender.
Bitcoin could fall an additional 27% to its 2019 high as the crypto tests a big support level, according to Fairlead’s Katie Stockton
Bitcoin could be on the verge of another big downturn as the world’s most valuable cryptocurrency tests a key support level. That’s according to Fairlead Strategies’ founder Katie Stockton, who highlighted in a note earlier this week that bitcoin’s support range of between $18,300 and $19,500 needs to be decisively held to prevent a further decline.
Grayscale Investments is pushing back against the U.S. Securities and Exchange Commission after the regulator denied the firm’s bid to turn the world’s largest Bitcoin fund into an exchange-traded-fund. The SEC stated in its decision that the company’s application to turn the Grayscale Bitcoin Trust into a spot Bitcoin ETF failed to answer the agency’s questions surrounding concerns about market manipulation.
The U.S. Immigration and Customs Enforcement agency, known as ICE, has contracted with Coinbase, the publicly traded crypto-currency exchange and custody firm, to track transactions across multiple blockchains underlying Bitcoin, Ether, and other currencies, according to an article published on Wednesday by The Intercept’s Sam Biddle.
New York state denied air permits to the Greenidge Generating Station, an embattled power plant that Bitcoin mining revived. It’s the latest step the state has taken to prevent mining for energy-intensive cryptocurrencies from derailing its goals on climate change.
As business owners and working mothers, Lay Hoon Ho (known by her artist name of Arty Guava) and Tricia Pang know the importance of having a community to support you on your journey. “As working mothers, we understand the challenges of juggling multiple responsibilities and the importance of self-care,” said Ho and Pang in an interview with Daily Hive.
EXIT Festival, the two-time winner of Best Major European Festival, will be the first major music event in the world to use blockchain technology to sell NFT tickets for a festival of this size. NFT VIP Gold and NFT VIP Infinite Experience tickets will go on sale on June 30, 2022, at midnight CEST via NFT-TiX.
Popular NFT marketplace OpenSea has started issuing emails to its users warning them of a leak of customer data. OpenSea says that an employee of its email delivery vendor, Customer.io, abused their position to access and share email addresses with an unauthorized third party.
The Corvette Z06 NFT that Chevrolet tried to auction off received a total of zero bids during a four-day bidding period, from June 20-24. This was first attempt to break into the boom market of non-fungible tokens, but not even a real-life 2023 Corvette Z06, which was included in the auction, could redeem this NFT.
CHICAGO (WLS) — You may have heard of NFTs, or non-fungible tokens. The I-Team explains what they are and how to avoid NFT scams before you invest. NFTs can be proof of ownership of digital assets like pictures or music.
Bank of America internal customer data shows a drop of more than 50% in the number of active cryptocurrency users from a peak of over 1M users in November 2021 to below 500K in…
Helene is a U.S. markets reporter at CoinDesk, covering the US economy, the Fed, and bitcoin. She is a recent graduate of New York University’s business and economic reporting program. The last time inflation was as high as it is now, in the 1980s, Paul Volcker was chairman of the Federal Reserve, and Ronald Reagan was president.
Danny is CoinDesk’s deputy business editor. He owns BTC, ETH and SOL. The top U.S. commodities watchdog charged South Africa-based bitcoin pool operator Mirror Trading International with $1.7 billion fraud on Thursday, alleging the global, multilevel marketing scheme “misappropriated” all of the bitcoin it amassed.
Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings. The New York State Department of Environmental Conservation (NYSDEC) has denied bitcoin mining operation Greenidge Generation’s application to renew an air permit required to continue operating in New York.
Here’s how crypto mining companies performed on Thursday, June 30.
Cryptocurrency exchange FTX is reportedly about to purchase Blockfi for $25 million, according to news reports, but the chief executive of the troubled fintech disputed the figure. The term sheet is almost over the finish line and expected to be signed by the end of the week, CNBC reported on June 30, citing a source who asked not to be identified.
Sam Bankman-Fried’s FTX has walked away from a deal to acquire troubled cryptocurrency lender Celsius on the basis of its unattractive finances, two people familiar with the matter told The Block on Thursday.
Bitcoin has the power to help real people, but the “Bitcoin is useless” narrative still exists. Traveling on the ground in the emerging world, I’ve heard hundreds of stories from people who’ve said that Bitcoin has changed their lives for the better. And it’s no surprise.
Shares of the Grayscale Bitcoin Trust were trading at an unprecedented discount of 35% following the Securities and Exchange Commission’s rejection of its application to transition into a spot market Bitcoin ETF. The circumstance is ironic, given that the existing discount was one of Grayscale’s primary arguments for why the transition needed to take place.
Celsius Network is exploring “strategic actions as well as a restructuring of our liabilities, among other avenues,” as the struggling crypto lender prepares to go bankrupt, the…
Crypto lender Genesis Trading reportedly faces ‘hundreds of millions’ in potential losses from exposure to Three Arrows Capital and others
The losses come as the collapse of Three Arrows Capital sends shockwaves across the crypto lending industry, with numerous firms facing substantial losses from their exposure to the fund.
The cryptocurrency industry is arguably one of the fastest-growing industries in the world. With its decentralized finance (DeFi) system and blockchain technology, crypto has become an attractive career path for those interested in technology and finance. As expected of any fast-growing sector, growth has also led to a corresponding increase in demand for talented individuals to build the space.
The European Union has finalized its massive Markets in Crypto Assets regulation.
Bradley Keoun is the managing editor of CoinDesk’s Markets team. He owns BTC above CoinDesk’s disclosure threshold of $1,000. Jimmy is a CoinDesk markets reporter. Hi, I’m Bradley Keoun, here to take you through the day’s crypto market highlights and news. Bitcoin’s ( BTC) price fell for a fifth straight day, heading toward the worst half-year loss on record.
Gray Glacier Upgrade Successfully Implemented on Ethereum Network as the Merge Approaches – Times Tabloid
Gray Glacier upgrade has been successfully executed on the Ethereum network. With this network upgrade, the difficulty bomb has been delayed by a further 700000 blocks or approximately 100 days, to the middle of September. Gray Glacier Upgrade The Gray Glacier network upgrade which was initially scheduled for June 29 was later carried out on …
Fidelity–late to its own Ethereum party–hires 110 engineers to hurry up launch; it may have avoided both had it not made a ‘strange strategic decision,’ analyst says | RIABiz
Fidelity Investments — now six months “late” adding Ethereum to its crypto custody and trading services — is using a Fidelity-sized response to solve a very un-Fidelity-like tardiness. The Boston broker-dealer recently announced hiring 110 software engineers to its digital assets division, at least in part, to keep the deliverable from slipping further from its pledged year-end 2021 launch date.
Fran is a TV Writer and Reporter. He has written for CNBC Make It and Inc. He owns no crypto holdings. State financial regulators will implement crypto regulations before the U.S. Congress does, Jarrod Loadholt, a partner at Ice Miller Public Affairs Group, told CoinDesk TV’s “First Mover.”
Bitcoin to record the worst first half of a year in history. Here’s what to watch in crypto for the second half.
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover.
New York state regulators today denied an air permit to a natural gas-fueled power plant near Seneca Lake that used most of the electricity it generated to mine the cryptocurrency Bitcoin. The Department of Environmental Conservation’s decision was celebrated as a huge victory by opponents who cited the plant’s impact on climate change and the local environment.
Joe has a $300,000 tax bill after making it big on bitcoin, he reveals the pitfalls of crypto investing
Joe Bridge has bought two motorbikes, two boats and his first house with the $1 million-plus he made on bitcoin, but he doesn’t recommend trying to replicate his success. The 38-year-old became enamoured with the obscure art of coin mining in 2013 while living with his parents in Paddington, in inner Brisbane.
As governments worldwide continue to eye the crypto industry, some digital asset managers are pushing back against regulators in an effort to provide more legal investing opportunities. The U.S. Securities and Exchange Commission on Wednesday rejected Grayscale Investments’ application to convert i…
Don’t invest in Bitcoin or other cryptocurrencies in your 401(k) just because it’s cool. Deciding whether to include cryptocurrency in your qualified retirement plan depends on how you answer these three questions. Spoiler alert: If you plan to skip to the bottom of this article to find out whether you should include crypto in your 401(k), you’ll be disappointed.
OpenSea, the largest non-fungible token () marketplace by trading volume, has suffered a data breach after an employee at Customer.io, the platform’s email delivery partner, leaked user data. In a blog post on Thursday, the marketplace said that an employee of Customer.io “misused their employee access to download and share email addresses – provided by OpenSea users and subscribers to our newsletter – with an unauthorized external party.”
The UK’s crypto industry is facing an uphill struggle to get approval, hitting global competitiveness as well as commercial returns, writes Fergal Parkinson, Director of TMT Analysis.
Some have long argued that private digital money and the technology underpinning it will revolutionize finance in the long term. But with Bitcoin plunging, stablecoins collapsing, and crypto lenders freezing withdrawals, we asked PS commentators whether the industry has a future.
Khaby Lame is quite literally on top of the world (if TikTok follower counts are the world). After attending his first VidCon and surpassing Charli D’Amelio as the most followed TikToker, the Italian-Senegalese comedian signed on as an ambassador for Binance, the world’s largest platform for buying and selling cryptocurrencies.
North Korean state-sponsored hackers were likely the perpetrators of a hack that led to the theft of around $100 million in cryptocurrency, according to analysis from blockchain researchers. The hackers targeted Horizon, a so-called blockchain bridge developed by U.S. crypto start-up Horizon. The tool is used by crypto traders to swap tokens between different networks.
By Josh Ye HONG KONG (Reuters) – Chinese tech giants including Tencent Holdings and Ant Group have signed a pact to stop the secondary trading of digital collectibles and “self-regulate” their activities in the market, Chinese state media reported …
Culture “Golden Eye” by Sonia Jones. The fast, yet somehow covert, rise of non-fungible tokens (NFTs) and blockchain technology has entered Washington’s art scene. As artists come to grasp the full potential of creating in the Web3 space, a new exhibition is capturing artists’ real-time experimentation with NFTs, unveiling new (and potentially lucrative) possibilities for creators.
Get ready for the next stage of NFTs, with Facebook now incorporating NFT display options.
Sam Bankman-Fried’s cryptocurrency exchange, FTX, is poised to buy crypto lender BlockFi for roughly $25M, or 99% less than its last private valuation, CNBC reported Thursday, citing…
The Dow Jones and Nasdaq composite remained in the negative late Thursday. But both indexes trimmed losses and traded off intraday lows, but ultimately closed lower. At the close, the Dow Jones Industrial Average was down 0.8% as the S&P 500 held a loss of 0.9%.
Bitcoin () price predictions are a hot topic among crypto traders today after the U.S. Securities and Exchange Commission (SEC) Grayscale’s plan for a BTC spot exchange traded fund (ETF). Grayscale was seeking to transform its Bitcoin Trust, GBTC, into an ETF for Bitcoin before the SEC rejected its application.
Original U.Today article Denys Serhiichuk Cover image via www.tradingview.com The fall has continued on the cryptocurrency market as none of the top 10 coins are rising. Despite the drop, Bitcoin (BTC) is falling the least from the list today, going down by 4.59%.
On Wednesday, bitcoin (BTC) fell by 0.78% to $20,094. It was a fourth consecutive day in the red. Appetite for riskier assets continued to weigh, with fears of a recession doing the damage. Technical indicators are bearish, with bitcoin below the 50-day EMA. On Wednesday, bitcoin ( BTC) fell by 0.78%.
Advertisement     After withstanding a string of chaotic weeks, Bitcoin managed to battle bears with the last “weekly” candle signaling a possible relief rally. Since dropping to a multi-year low of $17,622 about ten days ago, the price managed to recapture $21,750 before being stopped in its tracks over the weekend.
Bitcoin had a relatively quiet session on Wednesday as we are hanging just above the $20,000 level, an area that of course is a large, round, psychologically significant figure. The market breaking down below that level could open up quite a bit of fresh selling pressure and kick off the next leg lower.
RadioShack isn’t dead yet. The bankrupt electronics retailer is back and trending on Twitter for going after other companies and using profane language and drug references, according to CNN. In one exchange, user @ChrisWooleyAC asked: “Hey @RadioShack, what’s y’all’s return policy? I got a remote control car for Christmas back in 03 that stopped working.
Bitcoin has taken another turn for the worse by plummeting below the coveted $20,000 mark. Most altcoins are also in the red today, with ETH close to breaking beneath $1,000 and Solana dumping by double digits. It was just during this past weekend when the primary cryptocurrency aimed higher and tapped a multi-day peak of just under $22,000.
s of 12:28pm today, the price of Bitcoin (BTC) is £15,911 ($19,177), according to CoinMarketCap. It’s up 0.11% on yesterday’s figure of £15,893 ($19,067), down 11.37% on last week and down 39.17% on one month ago. The 24-hour trading volume is around £27.3 billion ($32.9 billion), and it has a market cap of about £303.6 billion ($365.9 billion).
The global market cap is down by 2.61 per cent in the last 24 hours and is at $ 889.43 billion as of 7:30 AM IST, CoinMarketCap data showed. Bitcoin is down by 1.65 per cent and is trading at $20,013. Ethereum also showed downtrend and is at $ 1,087 after sliding down 5.53 per cent.
Bitcoin dropped below $20K on Thursday morning trade for the fourth time in as many weeks, extending the crypto bear market into the final days of June. According to FTX exchange, the price of bitcoin dropped to $19,984 on Thursday morning before rising again to above $20K less than 20 minutes later.
Cruise lines face a lot of challenges that traditional hotels don’t deal with. A cruise ship is an enclosed space that’s moving. This means that passengers impact each other more than they might in a traditional hotel, and the cruise line has to make decisions that some passengers may not like because they support the bottom line.
There’s absolutely no denying the fact that the crypto market has grown immensely over the last couple of years, something that is made evident by the fact that during November of last year the total capitalization of this yet evolving space reached a whopping $3T, albeit briefly.
Two decades ago, if you lived in London and received an HIV diagnosis, you were sent home with a prescription. But if you lived in Lusaka, you were sent home to die because treatments were unavailable. We’ve made huge progress in the global AIDS fight, but COVID-19 is now threatening our hard-fought global health progress.
After debuting NFT support on Instagram in May, Meta has launched digital collectibles support on Facebook with select creators. A spokesperson for Meta told TechCrunch that the company has started a slow rollout that allows a select group of creators in the United States to post digital collectibles on Facebook.
After bringing his art to the cover of Billboard for this past month, FEWOCiOUS is teaming up once again for another colorful, creative drop. On Thursday (June 30), Billboard announced a new partnership with FEWOCiOUS, the artistic pseudonym of viral NFT artist Victor Langlois, on an upcoming exclusive digital collectable for Billboard ChartStars.
Nikhilesh De is CoinDesk’s managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether. The U.S. federal government is working on stablecoin legislation with Congress that could become law by the end of the year, an administration official told CoinDesk.
The New York Department of Environmental Conservation denied Greenidge the application for an air permit renewal.
Danny is CoinDesk’s deputy business editor. He owns BTC, ETH and SOL. Ex-Monero developer Ricardo “Fluffypony” Spagni will surrender on July 5 to the U.S. Marshals Service for extradition to South Africa, where he faces fraud charges, according to court documents filed Thursday. He will depart for South Africa shortly thereafter, the documents said.
The Commodity Futures Trading Commission charged Mirror Trading International and operator Johannes Steynberg with fraud and registration violations Thursday.
The cryptocurrency space is home to various initiatives, including several projects trying to do good globally. Unfortunately, there have been several setbacks on that front too, yet the negative shouldn’t overshadow the potential. In fact, several projects are trying to do good and making real-world inroads.
Financial Advisor Magazine created exclusively for advisors by highly experienced editorial and publishing teams. We provide an interactive community for the Financial Advisor, Investment Advisor, Financial Planner, Financial Planning, RIA, Retirement Planning, ETFs, Alternative Investments, Investment News, Broker-Dealer, CFP, Wealth Manager. Financial Advisor magazine produces the Alternative Investment Strategies, Retirement Strategies, and Fiduciary Gatekeeper conferences.
Alex Dovbnya Ruja Ignatova, the Bulgarian fraudster behind the infamous “One Coin” Ponzi scheme, will be added to the Federal Bureau of Investigation’s Ten Most Wanted list. Ignatova, who is also known as the self-appointed “crypto queen,” has been accused of scamming her victims out of $4 billion with her fraudulent scheme.
LONDON (AP) – Europe has moved to lead the world in regulating the freewheeling cryptocurrency industry at a time when prices have plunged, wiping out fortunes, fueling skepticism and sparking calls for tighter scrutiny.
WASHINGTON – An accounting bulletin from the Securities and Exchange Commission has complicated bank regulators’ plans to clarify how institutions should treat digital assets they hold in custody. For months, banks have awaited their regulators’ promised guidance on how to hold virtual assets on behalf of clients – but that conversation has recently gotten a lot more tricky.
Grayscale has launched a lawsuit against the US Securities and Exchange Commission after the regulator denied the group’s bid to convert the world’s largest crypto investment vehicle into a fund listed on Wall Street exchanges. The SEC late on Wednesday rejected Grayscale’s latest application to become an exchange traded fund because the $40bn Bitcoin Trust failed to meet consumer protection requirements.