Category: Cryptocurrency
Dubai’s new Virtual Asset Regulatory Authority requires more clarity and transparency from industry marketers and promoters to protect investors. 1662 Total views 77 Total shares Amid Dubai moving forward with a new license program for cryptocurrency service providers, local regulators are introducing additional marketing and advertising rules for the industry. Dubai’s Virtual Asset Regulatory Authority […]
Kyle Roche allegedly approached Ripple’s CEO to invest in a law firm that would target competitor firms with lawsuits like those Ripple was facing in the U.S. 2017 Total views 11 Total shares Ripple CEO Brad Garlinghouse took to Twitter to deny recent explosive claims made by Crypto Leaks, an online publication focusing on corruption […]
Regulators in Singapore say cryptocurrencies are problematic due to high market volatility and warn against retail investments in cryptocurrencies. 634 Total views 6 Total shares The managing director of the Monetary Authority of Singapore (MAS), Ravi Menon, addressed the agency’s mixed signals on crypto in the public sphere at a seminar on Aug. 29. The […]
OpenSea, the world’s largest nonfungible token (NFT) marketplace, has witnessed a substantial drop in daily volumes as fears about a potential market bubble grow. OpenSea volume plummets to yearly lows Notably, the marketplace processed nearly $5 million worth of NFT transactions on Aug. 28 — approximately 99% lower than its record high of $405.75 million […]
The comments come as Ethereum and Cardano are soon undergoing significant upgrades, while Bitcoin has remained largely unaltered. 3078 Total views 66 Total shares Founder and chief investment officer of crypto-focused fund Cyber Capital Justin Bons have called Bitcoin (BTC) “technically one of the worst cryptocurrencies,” and a “purely speculative asset without utility” in comparison […]
Wall Street Journal’s Jean Eaglesham and Vicky Ge Huang suggested that such a “thin cushion of equity” could cause mayhem in the market if Tether’s liabilities were to outweigh its assets. 742 Total views 33 Total shares An article in the Wall Street Journal (WSJ) has claimed that Tether’s balance sheet is in a position […]
Nonfungible token (NFT) analyst and blockchain detective “OKHotshot” has highlighted his picks for 18 of the most “uncomfortable truths” about the NFT industry. In a lengthy 20-part thread to his 45,000 followers on Twitter on Aug. 27, OKHotshot laid bare many of the issues currently plaguing the NFT industry, including irresponsible celebrity endorsements, hacking, and the […]
The last few years have seen blockchain platforms becoming the centerpiece of many tech conversations across the globe. This is because the technology not only lies at the heart of almost all cryptocurrencies in existence today but also supports a range of independent applications. In this regard, it should be noted that the use of […]
Bitcoin (BTC) failed to keep $20,000 support on Aug. 27 as fears over a sell-off by users of defunct exchange Mt. Gox added to price pressures. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Mt. Gox rumors dismissed as “typical crypto” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it headed to new six-week lows, […]
In theory, Bitcoin (BTC) should serve as a hedge against inflation. It’s easy to access, its supply is predictable, and central banks cannot arbitrarily manipulate it. However, investors aren’t treating it that way. Instead, the cryptocurrency market is mirroring the stock market. Why is that? Let’s dive into what prevents cryptocurrencies from acting as a […]