The Bitcoin network mining difficulty has fallen by 1.41%, according to BTC.com. The drop follows another 2.35% dip in difficulty at the end of June. Before that, in early June, it increased by 1.29%....
News
5 events that could put an end to the current crypto bear market
Much to the chagrin of cryptocurrency investors across the ecosystem, the bear market has officially set in and brought with it devastating price collapses that have left relatively few unscathed. As...
Fed vice chair Brainard urges faster crypto regulation, touts role for stablecoin
Regulate now or regret it later, United States Federal Reserve Board vice chairperson Lael Brainard told an audience at a Bank of England conference in London on Friday. Crypto has the same basic risk...
UK government explores DeFi with a focus on staking and lending
Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights, a newsletter crafted to bring you some of the major developments over the last week. This past week, the De...
US diplomats call on Japan’s crypto exchanges to cut ties to Russia: Report
Officials representing the United States government have reportedly urged Japan’s licensed cryptocurrency exchanges to stop doing business with Russia, seemingly as part of the country’s economic sanc...
Crypto broker goes bankrupt, Bitcoin miner capitulates and China VC funding soars
Those of us anxiously awaiting a summer relief rally for Bitcoin (BTC) may have to wait a little while longer. The bear market is still cleansing us of our excess — and revealing the most toxic player...
Former head of TikTok gaming leaves Web2 to build core Web3 protocol
Cointelegraph had the opportunity to chat with Jason Fung, former head of gaming at TikTok, about his new company Meta0, why he decided to make the leap into Web3 and what he feels the future has in s...
Tether liquidates Celsius position with ‘no losses’ to stablecoin issuer
Tether’s Bitcoin (BTC)-denominated loan to Celsius Network has been fully liquidated without a loss, easing concerns that the stablecoin issuer may have oversized exposure to the embattled crypto lend...
Croatian Web3 startup offers lifetime Netflix and Spotify membership via NFTs
On Friday, Web3 subscription and ticketing solution provider Revuto announced a novel subscription model for Netflix and Spotify, using a nonfungible token (NFT) solution. Revuto said it would offer a...
Hong Kong securities regulator CEO to lead UK financial watchdog
Ashley Alder, the CEO of Hong Kong’s Securities and Futures Commission, will become the next chair of the United Kingdom’s Financial Conduct Authority. In a Friday announcement, the U.K. Treasury said...
The future of KYC in crypto
Crypto and Know Your Customer (KYC) guidelines seem to be an unhappy marriage — pseudonymity in the digital currencies’ DNA doesn’t match the old-school centralized protocols of traditional finance, b...
The risks and benefits of VCs for crypto communities – Cointelegraph Magazine
Traditional venture capital funds drive valuations through multiple funding rounds. Startups aim for initial public offerings or other exits. Then the sharemarket decides upon a more realistic valuati...
Compass Mining retrenches 15% of staff, execs to take major pay-cuts
Ongoing strife in the cryptocurrency space has forced Compass Mining to lay off 15% of its employees while top executives and staff take major pay-cuts. The firm announced its decision to downscale it...
Fundraising Rounds with Tenderize and Planetarium Labs, Celsius Settles MakerDAO Debt, Aave Launching Stablecoin – crypto.news
Project funding continues with Tenderize and Planetarium Labs completing successful rounds. Celsius, the recently troubled lending platform, pays MakerDAO’s loan releasing all WBTC collateral. Aave is...
Investors Duped In Major Crypto Scam In India
Cryptocurrency has secured immense popularity across the globe. The increase in popularity of crypto, however, cannot be interpreted as increase in awareness about the same. India has been fascinated ...
Bitcoin Signals Short Term Bullishness, Move Towards $24K Next?
Bitcoin has witnessed a massive plunge from the $30,000 level to $20,000 in the month of June. Price of Bitcoin has been witnessing movement within a range of $20,000 and $21,000 respectively. The sho...
What is BNB auto-burn and how does it work?
BNB and its role in the blockchain ecosystem Binance Coin (BNB) is the Binance ecosystem’s native cryptocurrency. Launched in 2017, BNB was originally presented as an ERC-20 token on the Ethereum bloc...
Solana Labs Accused of Selling Unregistered Securities in New Lawsuit
Solana Labs and key players in the Solana ecosystem were hit with a lawsuit on July 1 in California federal court. The class-action lawsuit was filed by Roche Freedman LLP and Schneider Wallace Cottre...
Web3 activists fight for reproductive rights with NFTs, DAOs and protests
Web3 community members are fighting back against the United States Supreme Court’s ruling to overturn Roe v. Wade. On June 24, the landmark court case, which previously assured the right to have an a...
This ‘biblical’ Bitcoin pattern suggests BTC price can rise 30% by October
Bitcoin (BTC) may be down 70% from its November 2021 peak, but its rebound move in the past three weeks is raising the possibility of more upside in Q3. Bitcoin eyes 30% price rally At the core of the...
Bitcoin education at an escape room in Lebanon
Bitcoin (BTC) sets people free. At least, that was the story at Lebanon’s first Bitcoin-themed escape room in Beirut. Lebanese Bitcoiners from the group Bitcoin du Liban took on the latest Bitcoin ed...
Chatting Heroes, Homelander’s Horrific Homily, And Herogasm With The Boys’ Anthony Starr And Erin Moriarty
The Boys Prime Video The Boys is one of the best genre series on TV, and it’s currently wrapping up its final season with some of the biggest stakes—and character growth—yet. Anthony Starr’s Homelande...
Fairfax County highlights the value in the ‘short-term nature’ of yield farming
Virginia’s Fairfax County continues to be a prominent public institutional investor in the cryptocurrency space and is set to diversify its portfolio with a move into yield farming. As previously repo...
Ask Gab Waller, Who Went From Personal Shopper To Global Empire
Gab Waller, the world’s most famous personal shopper, Photo Credit: Adrian Martin Photo Credit: Adrian Martin For the world’s most famous personal shopper — or rather the go-to person for sourci...
EU-regulated firm Banking Circle adopts USDC stablecoin
Banking Circle, a European bank focused on cross-border payments, is adopting a major U.S. dollar-pegged stablecoin for payment rails. The firm officially announced on Friday the adoption of the USD C...
‘Sopranos’ Star Tony Sirico Dies At Age 79
Tony Sirico during “The Sopranos” On Location – August 8, 2006 at Loews 19th Street East in New York … [+] City, New York, United States. (Photo by Bobby Bank/WireImage) WireIm...
Solana [SOL] NFTs stand to be the undisputed king of trading volumes in Q2 2022 as per latest report
DappRadar, a leading analytics platform for decentralized application (dapp), published a report on 5 July. The report stated that despite the harsh crypto winter that has plagued the year so far, the...
Binance gets VASP registration for its Spanish subsidiary from the Bank of Spain
Crypto exchange Binance is now registered as a virtual asset service provider (VASP) by the Bank of Spain, allowing the exchange to offer custody and crypto exchange services in the country. In an an...
Bitcoin price builds best weekly candle since March despite new DXY peak
Bitcoin (BTC) is on track for its biggest weekly gains since March, but not everyone is convinced that good times will last. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Crypto sentimen...
Troubled Crypto Lending Firms Investigated by Securities Regulators from Texas and Alabama
Alex Dovbnya State securities regulators have started investigating the embattled crypto companies that went underwater during the recent market turmoil State securities regulators in Alabama and Texa...
Shiba Inu gains 40% on Dogecoin two months after record lows
Shiba Inu (SHIB) has grown stronger against its top “memecoin” rival Dogecoin (DOGE) in the last two months, in part due to the token’s periodic token burning events and a flurry of ...
Bitcoin Is Cheap, Ethereum Is Even Cheaper
Alex Dovbnya Fidelity’s Timmer says Bitcoin’s valuation has fallen to the 2013 level Jurrien Timmer, director of global macro at Fidelity, claims that Bitcoin is “cheap” in a recent Twitte...