Today at Chaintalk News

August 17, 2022

The Top 10 Most Influential Personalities Of The Blockchain Era

By ChainTalk TV

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Severe Allegations On Celsius CEO As The Company Considers Financing Proposal

Alex Mashinsky, the CEO of troubled crypto lender Celsius Networks has been once again on the radar! As per the latest report from Financial Times, Mashinsky took over the control of the trading strategy several months before the bankruptcy. Citing the reason for the U.S. Federal Reserve meeting, the Celsius CEO took control earlier in The post Severe Allegations On Celsius CEO As The Company Considers Financing Proposal appeared first on CoinGape.
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Bitcoin and Ethereum Continue To Struggle, EOS Surges

Bitcoin price struggled to clear the USD 24,500 resistance zone. BTC slowly moved below the USD 24,200 and USD 24,000 levels. It is currently (04:00 UTC) struggling and might continue to move down towards the USD 23,500 level. Besides, most major altcoins are struggling to clear key hurdles. ETH settled below USD 1,900, but it is still above USD 1,850. XRP is slowly moving higher towards USD 0.40. ADA is still above the key USD 0.55 support zone. Total market capitalization...Read More: Bitcoin and Ethereum Continue To Struggle, EOS Surges
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XRP Price Could Rise If It Clears This Price Barrier

XRP Price has witnessed consolidation between the $0.30 and $0.37 mark for a considerable number of trading sessions. Over the last 24 hours, the altcoin has managed to hover around the same price mark without losing its market value. In the past week, XRP price has lost 2% of its value. Lateral trading had caused buying strength of the coin to be be affected. For the bulls to take charge, it is important for XRP to break past its sideways trading. XRP had formed higher highs and higher lows at the end of July. The bulls don’t seem to be able to push past the $0.37 mark. This could be pointed towards the lack of demand for XRP. The $0.37 mark has been a propelling point for the altcoin’s price, however, the bulls could not hold on to the momentum even then. With Bitcoin receding on its chart, many altcoins have also followed the same sentiment on their respective charts. Demand and broader market strength remain crucial for XRP. XRP Price Analysis: Four Hour Chart The altcoin at the time of writing was trading for $0.37. XRP had witnessed sharp resistance at the $0.39 price ceiling. Incase XRP price manages to topple over the $0.39 level, there could be a possibility for a rally. Additional resistance mark for the coin was at $0.40. The local support for XRP rested at $0.34. A fall below the $0.34 level will cause XRP to trade at $0.31. Amount of XRP traded over the last session had increased as the sellers were do...
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cointelegraph

Crypto scams fall 65% after gullible noobs exit the market: Chainalysis

Less gullible retail investors and falling asset prices have made scamming a less enticing endeavor, but the tsunami of new DeFi applications has hackers licking their lips.

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Crypto scams fall 65% after gullible noobs exit the market: Chainalysis

Less gullible retail investors and falling asset prices have made scamming a less enticing endeavor, but the tsunami of new DeFi applications has hackers licking their lips.
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Bitcoin Price ‘Biased to the Topside’ as it Floats Above $24K

Two key inflation figures have helped elevate equities, often correlated to crypto, as investors took bets on signs of waning inflationThe post Bitcoin Price ‘Biased to the Topside’ as it Floats Above $24K appeared first on Blockworks.
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Elon Musk Says He’s Buying Football Club Manchester United – Will He?

Elon Musk is once again causing a stir on Twitter by revealing his intention to purchase populManchester United. The eccentric chief executive of Tesla and SpaceX made the surprise news late Tuesday night via Twitter. He said: “I’m buying Manchester United ur welcome.” The 51-year-old billionaire is presently engaged in a heated legal dispute with Twitter for […]
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FIL Price Analysis: Filecoin Preparing its Next Jump with a Pennant Pattern

For nearly three weeks, the FIL price has been wavering in a no-trading zone, following the consolidation phase of the pennant pattern. Today, the coin price shows a 2.6% jump and rechallenges the overhead trendline. However, a daily candlestick closing above the trendline is needed to end this consolidation. Key points: Completion of the pennant The post FIL Price Analysis: Filecoin Preparing its Next Jump with a Pennant Pattern appeared first on CoinGape.
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cointelegraph

Crypto.com secures UK registration for 'cryptoasset activities’

As defined by the FCA, "cryptoasset activity" includes anything that involves exchanging one crypto for another or exchanging crypto for fiat and vice versa.

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Crypto.com secures UK registration for 'cryptoasset activities’

As defined by the FCA, "cryptoasset activity" includes anything that involves exchanging one crypto for another or exchanging crypto for fiat and vice versa.
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Soneva’s Luxury Resorts Now Accept Crypto Payments

Luxury resort chain Soneva has reportedly begun accepting cryptocurrency payments at its resorts in the Maldives and Thailand. “Accepting cryptocurrencies as a payment method is another example of enabling our international guests to easily make payments from anywhere in the world.” Soneva Accepts Cryptocurrency Payments Luxury resort chain Soneva has reportedly begun accepting payments in […]
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Bitcoin: What you should learn from BTC’s new ownership trends

Bitcoin has been experiencing a change in holding maturity among owners in recent months. This is further reflected in a significant transfer of wealth with long-term holders capitulating their holdings. A subsequent accumulation has taken place which puts Bitcoin in the hand of low-cost basis owners. A tale about Bitcoin Following the Luna collapse in […]
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TA: Bitcoin Price Topside Bias Vulnerable Unless It Surges Past $24.5K

Bitcoin is struggling below $24,500 against the US Dollar. BTC could continue to move down below the $23,650 and $23,500 support levels. Bitcoin is slowly moving lower and trading well below the $25,000 level. The price is now trading below the $24,200 level and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $24,020 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses below the $23,650 and $23,500 support levels in the near term. Bitcoin Price Turns Red Bitcoin price started a slow and steady decline from the $25,000 resistance zone. BTC declined below the $24,650 and $24,500 levels to move into a short-term bearish zone. There was a break below the $24,000 level and the 100 hourly simple moving average. The price traded as low as $23,673 and is currently consolidating losses. On the upside, an immediate resistance is near the $24,000 level. It is near the 23.6% Fib retracement level of the recent drop from the $25,200 swing high to $23,673 low. There is also a key bearish trend line forming with resistance near $24,020 on the hourly chart of the BTC/USD pair. The first major resistance on the upside sits near the $24,250 level and the 100 hourly simple moving average. The next key resistance is near the $24,450 zone. It is near the 50% Fib retracement level of the recent drop from the $25,200 swing high to $23,673 low. A close above...
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Bitcoin Poised For Recovery, Relief Summer still In Play?

Bitcoin has been able to make a resurgence in recent weeks. The 25,000 USD barrier was recaptured by Bitcoin prices just two days ago, marking the first time since June 13th. Bitcoin Poised For New Rally In June, Bitcoin had its largest monthly decline since 2011, falling over 37.3% to a final value of $19,925. Since then, it has partially recovered its value and today saw its first test of $25,000. Bitcoin continues to rule the charts despite being down 46.5% from its previous high, but its dominance has decreased to slightly under 40% as opposed to more than 50% a few months ago. BTC/USD trades slightly below $24k. Source: TradingView However, Bitcoin has been relatively peacefully fluctuating horizontally over the past two weeks between $22,500 and $24,500. At the same time, recent weeks have seen a significant recovery in both commodities prices and stock markets. As a result, the overall financial markets are experiencing the anticipated summer rally. Related Reading: Outflows Rock Bitcoin As Institutional Investor Sentiment Starts To Turn Since attitude had reached a severe panic state in the middle of June as a result of the financial markets’ steep, month-long decline, perception among participants has greatly improved during the course of the most recent rebound. This in and of itself is a well-known bear market pattern. However, it won’t be known whether and how the bears will return until around mid-Sept...
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Bitcoin, Ethereum, Waves, and Stacks Daily Price Analyses – 16 August Roundup

There has been yet another change in the pace of the global crypto market. The recent few hours brought it back to losses as bears dominated. The change in the market has affected Bitcoin, Ethereum, and others as they saw a change in trajectory. The recent few days have proved testing for the market because … Bitcoin, Ethereum, Waves, and Stacks Daily Price Analyses – 16 August Roundup Read More »
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Crypto Crime Falls 15% Along With Bear Market: Chainalysis

Despite billions stolen through hacks, crypto scams are receding this year.
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BitBoy vs. Atozy: YouTuber Sues YouTuber for Defamation, Emotional Distress

BitBoy says he now suffers from depression after Atozy called him a "dirtbag" who promoted scams. But he recently admitted to promoting failed coins.
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Assessing why Chainlink [LINK] continues to go sideways despite…

Chainlink has dominated as a leading oracle with 1704 integrations of its various products across multiple chains. However, despite the many integrations and projects in its portfolio, Chainlink’s token, LINK, refuses to replicate the same success seen within the Chainlink ecosystem. This year alone, data from the Chainlink ecosystem shows that Chainlink has successfully done […]
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Houston Texans becomes first NFL team to sell game suite with crypto

After penning a deal with Texas-based crypto wallet providers BitWallet, the Houston Texans join a long list of crypto partnerships and payment deals in the NFL.
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cointelegraph

Houston Texans becomes first NFL team to sell game suite with crypto

After penning a deal with Texas-based crypto wallet providers BitWallet, the Houston Texans join a long list of crypto partnerships and payment deals in the NFL.

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Former Goldman Sachs banker explains why Wall Street gets Bitcoin wrong

According to John Haar, who used to count himself within the ranks of the traditional finance field, a fundamental understanding of "sound money" is preventing Wall Street from embracing Bitcoin.
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cointelegraph

Former Goldman Sachs banker explains why Wall Street gets Bitcoin wrong

According to John Haar, who used to count himself within the ranks of the traditional finance field, a fundamental understanding of "sound money" is preventing Wall Street from embracing Bitcoin.

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After Zipmex, Crypto Lender Hodlnaut Files For Creditor Protection

Hodlnaut, a cryptocurrency lender and borrower based out of Singapore has recently filed an application for judicial management. This shall help the platform restructure its business. A little over a week ago, the crypto platform had suspended its withdrawals, deposits and swaps. It also has frozen user assets on its platform itself. The crypto lender […]
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Ethereum Price Rejected At The $2,000 Level, Will It Retrace To $1,700 Soon?

Ethereum price has retraced over the past few days, in the last 24 hours the coin depreciated 2%. The current price action pointed towards consolidation. In the past trading sessions, ETH has retraced beneath the $1,900 price mark. Continued consolidation for Ethereum has now pushed Ethereum price close to $1,800. In case the king altcoin is unable to break past the $1,800 level, it would be targeting the next support level for the coin. Technical outlook had turned bearish as the coin was mainly consolidating causing a loss of value. Buying strength witnessed a fall on its chart which made ETH turn bearish at press time. If Ethereum needs to cross above the $1,900 price level, the buying strength needs to recover considerably on its chart. The global cryptocurrency market cap today is $1.18 Trillion, with a 1.6% negative change in the last 24 hours. Market movers were also dipping on their respective charts, this had an effect on the coin’s overall price movement. Ethereum Price Analysis: Four Hour Chart ETH was trading at $1,880 at the time of writing. The coin had witnessed rejection at the $2,000 price mark multiple times. At the moment Ethereum price witnessed a correction after it attempted to trade near the $2,000 price level. Overhead resistance for the coin was at $1,900 and a jump beyond the mentioned price level will push ETH to touch the $2,000 mark. Local support for the coin was at $1,700 but consistent lat...
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Celsius approved to access mined bitcoin to meet operational expenses

Parties in crypto lender Celsius's bankruptcy proceedings met again today to settle a number of matters related to the firm's operations.
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cointelegraph

Google invested a whopping $1.5B into blockchain companies since September

Other notable corporate investors include BlackRock, Morgan Stanley, Samsung, and Goldman Sachs, according to a report from Blockdata.

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Google invested a whopping $1.5B into blockchain companies since September

Other notable corporate investors include BlackRock, Morgan Stanley, Samsung, and Goldman Sachs, according to a report from Blockdata.
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Polygon Seen Breaching $1 This Week – Can MATIC Start An Uptrend?

Polygon (MATIC) seems to have its vigor back with it potentially breaching $1 in the coming days. Polygon price is seen to generate massive gains at 108% MATIC price shoots close to a critical level that bulls are eyeing to test Set your eye on this critical level to catch the uptrend MATIC price is moving extremely bullish and could squeeze pushing the price above $1 setting the stage for a huge uptrend that could potentially double the coin’s price to $2. With that being said, MATIC is set to make as much as 100% of gains in the next couple of months. The token’s price open this week close to a key level as Sunday’s price rally allows the coin to hover close to the $1 range which is pivotal in the next trading sessions. Related Reading: XRP Sluggish At Resistance – Will It Break Out After 2 Months Of Vertigo? MATIC To Breach The $1 Mark? The $1.1 mark is crucial once the bulls start to trade in that level or breach the 200-day SMA. Once that is broken, this will indicate the end of crypto winter and that the bulls can rally further toggling on a longer-term upswing. For that to happen, MATIC price will have to breach above the 200-day SMA and swerve past a rejection spotted at a monthly resistance level of $1.14. If the bulls manage to steer clear of that and end the week at a range above the key resistance of $1.14, then that would be the day. They can can avoid and close the week above $1.14, then this signals a loom...
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BNB lost pace but reached an interesting milestone this week

BNB token is beginning to lose attention in the market after another lacklustre week. The Binance governance token has seen swings in the past which have lost their pace recently. The token subsided with bullish activity as top crypto assets gathered strength in numbers from the market recovery. But a late sell-off on 15 August […]
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‘Big Short’ Investor Michael Burry Dumps All Stocks but One After Predicting Market Crash

Hedge fund manager Michael Burry’s Scion Asset Management dumped all but one of its stock holdings in the second quarter, according to the firm’s filing with the U.S. Securities and Exchange Commission (SEC). Burry, famed for forecasting the 2008 financial crisis, has predicted a stock market crash, warning that winter is coming. Michael Burry Sells […]
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Enter Frida Kahlo's Red House: Decentraland is Preparing ‘Mind-Bending Installations' for Metaverse Art Week

The metaverse project Decentraland (MANA) has announced the lineup for its 3rd annual Metaverse Art Week titled The World is Made of Code, which includes “mind-bending” work from contemporary artists and contributions from a Ukrainian non-fungible token (NFT) project....Read More: Enter Frida Kahlo's Red House: Decentraland is Preparing ‘Mind-Bending Installations' for Metaverse Art Week
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Cardano price analysis: ADA holds uptrend intact above $0.55 support

Cardano price analysis is showing strong indication today, following from fears of a downtrend initiating yesterday. Price lowered down to $0.5446 yesterday, following a 3 percent decline. However, ADA was swift to enforce bullish momentum again today to settle above the $0.55 support. Further bullish momentum could breach the $0.60 price point over the next … Cardano price analysis: ADA holds uptrend intact above $0.55 support Read More »
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Ripple, SBI Remit Join Hands to Enable Real-Time Payments Between Japan and Thailand

Talking about its growing footprints in Asia-Pacific, Ripple said it’s possible due to progressive crypto regulations and business innovations.
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Ethereum traders going long with $4k price target might not know this

Ethereum‘s upcoming Merge might just turn out to be the most anticipated event in crypto ever. Enthusiasts from the Ethereum community as well as other networks have showcased interests in the same. But the question is- can the reality meet the expectations? Betting on you Cryptocurrency traders’ enthusiasm seems to be turning towards the north […]
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BitMEX’s Arthur Hayes Advises Mycelium’s Perpetuals Launch

The blockchain infrastructure provider said Hayes has been advising them on their latest derivative product on an "ongoing basis."The post BitMEX’s Arthur Hayes Advises Mycelium’s Perpetuals Launch appeared first on Blockworks.
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Kraken CEO Criticizes Tornado Cash Sanctions

Kraken CEO Jesse Powell has objected to recent U.S. sanctions against addresses tied to the Tornado Cash coin mixer. Kraken Leader Defends Tornado Cash Jesse Powell has criticized sanctions against...
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Stronghold shifts focus from bitcoin mining to selling power as it restructures debt

Bitcoin miner Stronghold pivots to selling power as it restructures its debt.
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Chinese Social Media Giant Tencent Forced To Shut Down NFT Marketplace

Chinese regulatory scrutiny of cryptocurrencies has since made its way into the NFT space, as expected. However, what started out as just a regular deterrent to citizens from investing in NFTs has spread to the platforms that offer such services. One of the platforms that came under fire was Huanhe, an NFT marketplace that was […]
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Why This New NFT Integration May Be What Cardano Needs To Break $0.6

Cardano has been making its mark in the NFT space long before smart contracts capability was available on the network. Collections have also found a reasonable level of success, given that non-fungible tokens remain relatively young for the blockchain. Nevertheless, developers continue to push for broader adoption when it comes to Cardano NFTs, and a new partnership is allowing the onboarding of a broader range of investors. Pay For NFTs With Fiat One of the things that continue to hold back NFTs is the fact that they are only purchasable using cryptocurrency. This means that, unlike cryptos which investors can just buy directly with fiat, there is now an extra layer and an added step that users have to go through to own these NFTs. However, this is starting to change with the introduction of fiat currency payments for NFTs directly in a marketplace. IOG, the developer behind the Cardano network, has announced a new partnership that will be able to allow investors to purchase Cardano NFTs using fiat currency. NMKR is a Web3 protocol that is helping to accelerate the adoption of this new sector. In this new partnership, the NFT minting and payment infrastructure will provide two things to further the adoption of NFTs on Cardano. Related Reading: Ethereum Hits New Milestone, Investors Accumulate Ahead Of Merge The first of these two things is providing an easy minting app for anyone to be able to engage and mint NFTs on the netw...
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Coinbase Will Freeze ETH Deposits And Withdrawals Temporarily During Ethereum’s Merge — And Here’s Why

Major U.S. crypto exchange Coinbase has announced it will briefly disable ETH and ERC-20 withdrawals and deposits when the Ethereum blockchain moves to proof-of-stake (PoS) from proof-of-work (PoW).
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Report: Celsius CEO Accused of Controlling Crypto Company’s Trading Scheme and Placing Bad Bets

According to a recent report published on Tuesday, the Israeli-American founder and CEO of Celsius Network, Alex Mashinsky, was in charge of the company’s trading strategy. The report, citing multiple people familiar with the matter, said Mashinsky sold millions of dollars’ worth of bitcoin in anticipation to buy bitcoin cheap. Except after the CEO allegedly […]
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Decoding if Bitcoin is headed for a $32k run in coming days

Back and forth— that has been the momentum of Bitcoin [BTC] since it hit $25,000 on 15 August. While investors may have hoped for a further uptick, it has not been the case that BTC consolidated around the $23,800 support level. Earlier, there had been talks of BTC showing bearish momentum as these projections emerged […]
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Bitcoin Miners Suffer Over $1 Billion Loss In Q2 2022

After incurring a number of impairment losses brought on by the decline in cryptocurrency prices, the three biggest US publicly traded Bitcoin mining companies lost more than US$1 billion in the second quarter. Bitcoin Miners In Deep Red In the three months that ended June 30, Core Scientific Inc., Marathon Digital Holdings Inc., and Riot Blockchain Inc. all reported net losses of US$862 million, US$192 million, and US$366 million, respectively. Following the approximately 60% decline in the price of Bitcoin during the quarter, other large miners such Bitfarms Ltd. and Greenidge Generation Holdings Inc., which released results on Monday, were also obliged to write down the value of their holdings. Source: Bloomberg Although there has been some relief in recent weeks for the shares of cryptocurrency mining companies, they remain significantly negative. In order to pay off debt and meet operating expenses in the most recent quarter, the miners were forced to sell some of the Bitcoin they had been hoarding. Through the third quarter, that persisted. Related Reading: Bitcoin Price Trades A Little Over $24,000, Can It Target $27,000? Not just the miners had huge losses last quarter; other members of the sector as well. The biggest US cryptocurrency exchange, Coinbase Global Inc., reported a loss of US$1.1 billion, and MicroStrategy Inc. also experienced a net loss of more than US$1 billion. Top public miners mined 3,900 coins in Ju...
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Slaying the Dragonchain: A Tale of Fear and Mania

Dragonchain once had big ambitions to bring the magic of blockchain technology to businesses around the country. Today, the Securities and Exchange Commission is charging the project and its founder,...
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What Is Dogechain? The So-Called Dogecoin 'Layer-2' for DeFi, NFTs and Games

Dogechain lets users bridge over Dogecoin (DOGE) to tap into DeFi services, along with potential future NFT marketplaces and apps.
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Top Analyst Says Ethereum Rival Solana (SOL) Should Be Worth More, Believes Crypto Markets Won’t Revisit Lows

A popular crypto analyst says he’s bullish on smart contract platform Solana (SOL) while making a high-conviction call that Bitcoin (BTC) is past the lowest point of the bear market. In a new YouTube video, the anonymous host of InvestAnswers also tells his 443,000 subscribers that current metrics indicate Ethereum (ETH) competitor Solana is undervalued. […]The post Top Analyst Says Ethereum Rival Solana (SOL) Should Be Worth More, Believes Crypto Markets Won’t Revisit Lows appeared first on The Daily Hodl.
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Crypto Behemoth Digital Currency Group Files Registration To Become Lobbyist

Crypto investment giant Digital Currency Group (DCG) has filed for one of its executives to lobby on the company’s behalf. An August 15th filing shows DCG’s vice president of public policy Julie Stitzel registering to be DCG’s representative to “support Bitcoin & blockchain companies by leveraging insights, network & access to capital.” DCG owns equity […]The post Crypto Behemoth Digital Currency Group Files Registration To Become Lobbyist appeared first on The Daily Hodl.
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cointelegraph

IRS takes out John Doe summons on crypto prime dealer SFOX to find tax cheat customers

The U.S. tax service has used the same tactic to gain information from Circle, Coinbase and Kraken in recent years, as analysis finds that half of taxes on crypto go unpaid.

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IRS takes out John Doe summons on crypto prime dealer SFOX to find tax cheat customers

The U.S. tax service has used the same tactic to gain information from Circle, Coinbase and Kraken in recent years, as analysis finds that half of taxes on crypto go unpaid.
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Ethereum Fork May Be Doomed to ‘Fail,’ but Chandler Guo Is All In. Again.

Ex-miner Chandler Guo shares why he wants to fork EthereumThe post Ethereum Fork May Be Doomed to ‘Fail,’ but Chandler Guo Is All In. Again. appeared first on Blockworks.
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Celsius’ Court Filings Show Negative Liquidity by Oct 22, CEO Under Scanner Once Again

The platform is in a worse financial position than previously expected.
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cointelegraph

2017 ICOs aren't over yet: SEC files suit against Dragonchain and its founder

The commission said it would be seeking “permanent injunctions, disgorgement with prejudgment interest, civil penalties against and conduct-based injunctions."

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2017 ICOs aren't over yet: SEC files suit against Dragonchain and its founder

The commission said it would be seeking “permanent injunctions, disgorgement with prejudgment interest, civil penalties against and conduct-based injunctions."
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Chainalysis: Almost $2 Billion Have Gone To Crypto Hacks This Year

According to a report published on Tuesday by blockchain analysis company Chainalysis, a remarkable $1.9 billion worth of bitcoin was stolen in hacks of various services in the first seven months of this year, representing a 60% rise from the same time in the previous year. DeFi Saw Huge Cases Of Hacks, Chainalysis Reports Even […]
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CEL holders needn’t worry even though Celsius nears its end

Troubles facing the now-bankrupt cryptocurrency lending company Celsius Network LLC appear to have taken a different dimension. Court filings made on 14 August revealed that contrary to the $1.2 billion deficit represented in its initial bankruptcy filing, the company’s actual debt stands at $2.85 billion. Following the “extreme market conditions” that led the lender to […]
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Hodlnaut Seeks Judicial Management After Halting Withdrawals

Crypto lender Hodlnaut has announced that it is seeking judicial management in Singapore following its decision to suspend withdrawals. Hodlnaut Requests Judicial Management Hodlnaut has announced its latest steps toward...
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Why The U.S. Fed Will Require Banks To Report Crypto-Related Activity

The U.S. Federal Reserve (Fed) issued a letter on banking institutions participating in crypto-related activity and potentially adopting digital assets. The financial institution claimed that the nascent asset class “poses a risk” to the current financial system and to consumers investing capital in the sector. Related Reading: How The Ethereum Merge Is Boosting ETH Market […]
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cointelegraph

Function over fun? Analyst says P2E games don’t need to be ‘fun’ to retain users

Play-to-earn games struggle to retain users, which is exactly why one analyst says they need to focus on function over fun.

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cointelegraph

BlockFi tops the Inc. 5000 list with almost 250,000% revenue growth in three years

The CeFi crypto lender faced a large fine spearheaded by the SEC this year and weathered the harsh crypto winter to come in as Inc. magazine’s No. 1 revenue gainer.

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cointelegraph

Celsius CEO personally directed crypto trades months before bankruptcy: Report

One person familiar with events at Celsius reportedly said CEO Alex Mashinsky was “slugging around huge chunks of Bitcoin” and ordering trades based on bad information.

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cointelegraph

Bitcoin traders anticipate new yearly lows after BTC’s $25K rejection — Data disagrees

Should traders expect further downside after BTC failed to hold above $25,000?

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cointelegraph

Solana (SOL) price is poised for a potential 95% crash — Here’s why

SOL price gained 75% in the past two months, but technical analysis suggests it could be an elaborate bull trap.

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cointelegraph

Bank of China unveils new e-CNY smart contract test program for school education

Under the pilot test, parents could enroll their children in after-school vocation programs via smart contracts.

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cointelegraph

Coinbase will 'briefly pause' ETH and ERC-20 token deposits and withdrawals during Ethereum Merge

The crypto exchange also warned users against scammers offering ETH2 tokens, saying users did not need to take additional action to receive staked ETH prior to the Merge.

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cointelegraph

Is Bitcoin really a hedge against inflation?

Bitcoin is working as a hedge against inflation despite its 2022 weak price performance, says Steven Lubka, managing director of private clients at Swan Bitcoin.

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cointelegraph

Worried about inflation's impact on your retirement savings? Invest in cryptocurrency

The global economy is tumbling, but we might be able to find some hope in cryptocurrencies.

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cointelegraph

Bitcoin price hits multiday low as data warns of ‘overbought’ stocks

Major resistance levels enter for U.S. equities, bringing with them fresh headwinds for crypto as Bitcoin and Ether lose $24,000 and $2,000, respectively.

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cointelegraph

Huobi Global suspends derivatives trading in New Zealand

Huobi Global claims compliance with local regulations as its reason for excluding New Zealand from its list of countries in which it operates derivatives trading.

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cointelegraph

Tornado Cash shows that DeFi can’t escape regulation

DeFi developers seriously need to consider working with regulators on compliance issues if they want their projects to succeed.

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cointelegraph

Organizations look toward multiparty computation to advance Web3

Multiparty computation is being leveraged to ensure private key security and decentralization within Web3 platforms. But why use it?

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cointelegraph

USDT market cap up by $2 billion following Tornado Cash debacle

Tether's market capitalization has reversed a three-month downtrend while USDC sees a drop in value after the U.S. imposed sanctions against Tornado Cash.

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cointelegraph

Optimism fading? Regulatory discussion on stablecoins postponed until fall

While there is no shortage of legislative initiatives to regulate stablecoins, the idea of the American CBDC remains problematic.

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cointelegraph

Bitcoin miners hodl 27% less BTC after 3 months of major selling

The industry’s “hodlers of last resort” have had no choice but to sell their coins, but the trend is fiercely reversing this month, data shows.

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cointelegraph

Court filings reveal Celsius will run out of money by October

Celsius Network has been heading down a slippery slope since it filed for bankruptcy in July.

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cointelegraph

Do Kwon breaking silence triggers responses from the community

While Tornado Cash developers are fearing for their lives, Do Kwon is “partying,” according to podcaster Eric Conner.

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cointelegraph

Crypto lender Hodlnaut seeks judicial management to avoid forced liquidation

Singaporean law offers temporary protection against any legal proceedings and claims, which the company believes would provide a breathing space to focus on its recovery plan.

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cointelegraph

Blue chip NFT performance fails recovery, but investors HODL even harder

In the last 30 days, over 53% of NFT investors made losses on sale trades. Despite the cold market sentiment, the number of investors that hold their NFT investments continues to rise.

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cointelegraph

Brazil brokerage giant with 3.6M clients launches BTC and ETH trading

XP Inc has become the latest Brazilian fintech player to offer crypto trading services, following Nubank and MercadoLibre.

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cointelegraph

Expansion of short-term BTC holders suggests ‘final flush’ of sellers

Short-term holders expanding their BTC holdings indicates that heavy sell-offs have taken place.

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cointelegraph

Australian Securities Exchange takes step towards tokenized asset trading

“There’s a strong value proposition here that we can essentially tokenize any asset and bridge that into the ASX ecosystem,” said Zerocap CEO Ryan McCall.

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