The Federal Reserve Beige Book says that consumer spending has been flat over the past week in New York. In its Beige Book, a survey by the Federal Reserve revealed increased recession fears and the ...
Category: Tech
Live Tech News Updates.
China Reports 264 Million Digital Yuan Transactions so Far This Year
China’s digital yuan transactions amounted to 83 billion yuan (about $12.33 billion) by the end of last month as the country forges ahead with plans for the adoption of a digital currency. The total n...
Celsius declares itself insolvent- The Cryptonomist
Today Celsius Network filed to enter Chapter 11 and announced that it has begun a financial restructuring. Moments ago, @CelsiusNetwork filed voluntary petitions for Chapter 11 protection and announce...
MonkeyLeague Developers Close $24 Million Funding Round
UnCaged Studios – the developers behind the Web3 esports game MonkeyLeague – have closed a $24 million Series A funding round. The round brings the organization’s total valuation above $150 million. T...
OKX set for expansion in the UAE after VARA license
Popular cryptocurrency exchange OKX has for long had plans to expand its operations in the UAE. It has now been given provisional regulatory authorization by the Dubai Virtual Assets Regulatory Author...
A Trading Bot on BNB Chain
Advertisement     Crypto trading is intimidating. It’s scary to trade cryptocurrencies. The extensive range of trading tools and analysis needed to conduct a successfu...
CoinPayment to Shut Down U.S. Operations on July 19, Warns Users to Withdraw Funds
Global crypto payment processor CoinPayment and its parent company UAB Ventures are on the verge of exiting the U.S. market due to heightened security obligations and market changes, BleepingComputer ...
Celcius Market Cap Crashes 86% On Year-To-Date Basis As Company File For Bankruptcy
Investors in the failing cryptocurrency lending startup Celsius are still losing money weeks after the company filed for bankruptcy. Customer withdrawals had been frozen. Celcius Market Cap Crash 86% ...
OKX to extend offers in Dubai after securing a provisional license
Crypto exchange OKX has acquired a provisional virtual assets license granted by the Dubai Virtual Assets Regulatory Authority (VARA), allowing them to offer additional services to qualified investors...
Participación de mercado de Coinbase cae a menos de 3%, según Mizuho
Dolev estima que el volumen de trading promedio de Coinbase bajó a $1200 millones en julio, desde aproximadamente $7000 millones en noviembre de 2021. La participación de mercado de la compañía en el ...
Top 5 Potential Cryptocurrencies To Buy in July For Future Success
Last month was a challenging month for crypto space, as the market value fell by 33%. A Youtuber identifies five best tokens to purchase in July. They are: SOL, AVAX, BNB, TRX, and ATOM. Since the beg...
Celsius terms of use do not guarantee return of customers’ funds
Struggling crypto lender Celsius has filed for Chapter 11 bankruptcy in the US which could mean users may be unable to recover their funds. Court filings showed that the crypto lender filed for bankru...
Bored Ape ‘Troll’ Sued by Yuga Hires Pepe the Frog Creator’s Attorney
Late last month, Yuga Labs—the $4 billion company behind prominent NFT collection Bored Ape Yacht Club—attempted to silence a vocal critic by suing him in federal court. Things aren’t getting any qui...
BEAM Seeks Support After Break Out From 447-Day Resistance Line
Beam (BEAM) is currently attempting to find support after retracing due to a sharp increase on July 13 which eventually led to the creation of a long upper wick. BEAM has been falling underneath a des...
Funds Are Safe But Celo Network Stalled Again After Briefly Resuming
According to the tweet by the blockchain payments infrastructure, the validators of the network were working to identify and resolve the issue and asserted that no funds had been compromised. Celo blo...
Celsius Acknowledges $1.2B Hole in Balance Sheet
The document, which was filed to the U.S. Bankruptcy Court of the Southern District of New York, shows that Celsius holds $4.3 billion of assets and $5.5 billion of liabilities. In its list of assets,...
Q&A: CMS Holdings Co-founder Says He’s Carefully Entering Markets
Success in crypto trading comes down to survival: “You’ve got to make it out the other side,” CMS Holdings co-founder Dan Matuszewski says He believes the worst of the chaos has worked its way through...
Stablecoin rules among topics discussed during Janet Yellen’s meeting with Japanese officials
U.S. Treasury Secretary Janet Yellen met with Bank of Japan Governor Haruhiko Kuroda to discuss several multilateral financial regulatory issues, including stablecoins, Reuters reported. According to ...
UN Urges Developing Nations to Ban Cryptocurrency Ads, Regulate Wallets
The global use of cryptocurrencies has increased significantly during the COVID-19 pandemic and reinforced a trend that was already underway. The United Nations however believes that cryptocurrencies ...
Analyzing MANA’s next move based on these key metrics
About a week ago, we explored the possibility of MANA exiting its triangle pattern. Fast forward to the present and that breakdown took place, courtesy of a crypto market sell-off that commenced this ...
How Web3 Will Aid in a New Era of Credential Data Ownership and User Empowerment
The first thing that comes to mind when thinking of Web3 might be the likes of NFTs, the metaverse or blockchain technology. Although all of these concepts do fall under the umbrella that is Web3, add...
Virtual Avatar Firm Hologram Raises $6.5M Seed Round
Virtual avatar company Hologram has raised $6.5 million in seed funding led by Polychain Capital, the company said Thursday in a press release. The round also saw participation from Nascent, Inflectio...
Cardano DEX Sees 54,000% Rise in TVL as Cardano Records Modest DeFi Inflows
According to DeFi data tracker DefiLlama, FluidTokens, a DeFi lending platform that allows users to lend or borrow with CNFTs as collateral, has recorded astonishing growth in Total Value Locked (TVL)...
OpenSea Lays Off 20% of Staff
Devin Finzer says OpenSea will still have five years of runway “The reality is that we have entered an unpreceded combination of crypto winter and broad macroeconomic instability.” Co-founder and CEO ...
LBank Initiates Charity for Children in India To Support Their Academic Pursuits
Top cryptocurrency exchange, LBank, contributes to the local group — Rock and Anchor, to aid children in rural India.This charity initiative spurs from the exchange’s magnanimous effort to reach sever...
CoinFLEX to enable 10% withdrawals from July 15
Crypto trading platform CoinFLEX, which halted withdrawals on June 24, will enable limited customer withdrawals starting 5 am UTC on July 15, the exchange said in a July 14 statement. At the mentioned...
CoinFLEX Reopens Limited Customer Withdrawals
Key Takeaways CoinFLEX has announced that customers are now able to withdraw up to 10% of their balance, excluding flexUSD. The firm also mentioned possible recovery plans including further withdrawal...
Coinbase CEO Brian Armstrong Says Company Strained From Fast Growth, Looking for Ways To Be More Efficient
Coinbase CEO Brian Armstrong says the exchange is now facing the unwanted consequences of growing its workforce too fast. In a new statement, Armstrong says companies tend to become less efficient whe...
Komodo (KMD) Settles Down After 180% Increase in a Day
Komodo (KMD) is currently retracing after a sharp upward movement on July 13 which left a long upper wick of 42%. It could soon make another attempt at breaking out. KMD has been falling underneath a ...
Impact of NFTs on patents
Even though the NFT technology is relatively new, its governing patent laws are not. NFTs in continuous expansion However, the growing popularity of innovative technologies such as NFTs, with brands ...