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Polygon Joins Solana in Bringing Web3 to Smartphones
6.7.2022
Tech startup Nothing has partnered with Ethereum scaler Polygon to bring non-fungible tokens (NFTs) to its new smartphone Nothing Phone
Are Block Builders the Key to Solving Ethereum’s MEV Centralization Woes?
6.7.2022
Proposer-builder separation is one way Ethereum is implementing modular decentralization
Bitcoin Recovers Above $20K as Short ETF Sees Record $51M in Weekly Inflows
6.7.2022
A ProShares product to bet against rising bitcoin prices saw millions of dollars in inflows last week
Huobi Tech Subsidiary Is Granted US Money Transfer License
6.7.2022
Huobi subsidiary HBIT has obtained a U.S. license, which means the company can conduct foreign exchange and money transfer operations across the nation
Central African Republic Reportedly Launches Crypto Coin, Bitcoiners Slam Move
6.7.2022
Central African Republic (CAR) president Faustin-Archange Touadera announced recently that cryptocurrencies are an alternative to cash. Bitcoiners, however, insist the top cryptocurrency is the only solution to the CAR’s money problems. Formal Economy Not an Option Central African Republic...
Ethereum DeFi Service Porter Finance Shutters Bond Platform, Citing Lack of 'Lending Demand'
6.7.2022
The venture capital-backed Porter Finance said the lack of “institutional fixed income DeFi adoption” drove its decision
Meta Affirms Digital Collectibles Plan Despite Crypto Crash: Report
6.7.2022
The recent downturn in the cryptocurrency market hasn't deflected Facebook parent company Meta from its plan to bring digital collectibles to its users
India Hikes Duty on Imported Gold, Seeking to Bring Down Trade Deficit
6.7.2022
In its attempt to relieve the pressure against the rupee, the Indian government announced on July 1 that it had hiked the duty on imported gold by five percentage points to 12.5%. However, there are fears the import duty hike will spur a resurgence in the smuggling of the commodity. India’s...
Crypto Lender Nexo Moves Forward With Plan to Acquire Troubled Rival Vauld
6.7.2022
Leading cryptocurrency lender Nexo has offered to buy distressed competitor Vauld, which halted operations in the face of financial difficulties. The proposal comes after the Singapore-based company said it was exploring restructuring options. Nexo Secures Exclusive Agreement to Explore...
Crypto Expert: Why Gnox & Ethereum Ecosystems Take the Lead in 2022?
6.7.2022
Over the past decade, there has been a meteoric rise in the real-world use cases of blockchain technology. The rising popularity of Bitcoin as a store of value, coupled with rapid growth in smart contract platforms, has set the tone for a digital future. Several reputable blockchain ecosystems have...
Voyager Seeks Bankruptcy Protection Amid Crypto Credit Crisis
6.7.2022
Crypto lender Voyager Digital filed for Chapter 11 bankruptcy late Tuesday
Argentina Runs to Stablecoins Amidst Political and Economic Uncertainty
6.7.2022
Citizens of Argentina are hedging their savings by using stablecoins amidst the recent climate of uncertainty created by the resignation of certain key members of the government. The minister of economy in the country resigned last weekend, alongside other personalities, creating the turmoil that...
Singapore Considers Imposing New Restrictions on Crypto Trading
6.7.2022
The Monetary Authority of Singapore (MAS) has told Parliament that the central bank is considering imposing additional restrictions on cryptocurrency trading. They include “placing limits on retail participation, and rules on the use of leverage when transacting in cryptocurrencies.”...
Leaked Personal Data of 1 Billion Chinese Citizens on Sale for 10 Bitcoins — Hacker Claims Stolen From Shanghai Police
6.7.2022
A hacker claims to have stolen the personal data of a billion Chinese citizens from the Shanghai National Police (SHGA) and is selling it for 10 bitcoins. “This database contains many TB of data and information on billions of Chinese citizens.” 23 Terabytes of Data on a Billion...
Binance Resumes Local Currency Deposits with Brazilian Payment System Pix
6.7.2022
Withdrawals should be resumed “shortly,” said the company, which had suspended that feature on June 17
Celsius Repays $183M on DeFi Exchange Maker, Gets Back Collateral, Blockchain Data Shows
6.7.2022
The troubled crypto lender paid down $183 million of its debt to the decentralized exchange Maker, blockchain data shows, possibly in a bid to recover bitcoin-linked collateral that otherwise would remain trapped
Meta to Slow Hiring in 2022, Hints at Layoffs After Metaverse Pivot
6.7.2022
Meta, the company formerly known as Facebook, is preparing to face a strong market downturn. According to reports, Mark Zuckerberg, CEO of Meta, announced a change in the hiring policies of the company, lowering the number of engineers planned to be hired from 10K to 6-7K. Previously, Zuckerberg...
First Mover Asia: Crypto Game Consoles Aren’t Needed as Web3 Gaming Has Workers, Not Gamers; Bitcoin Dips, Then Regains Its Perch Above $20K
6.7.2022
Studios are raising significant amounts of capital, but they must build games that do a better job of engaging users; ether and most other major cryptos rise
Every Big Reveal Announced At Anime Expo 2022
6.7.2022
Last weekend, Anime Expo, the “largest celebration of Japanese pop culture in North America,” featured a treasure trove of announcements and trailers to satiate otaku… at least until next year’s event. Read more
Market Wrap: Crypto Markets Gain Momentum After Dipping Early in Tuesday Trading
5.7.2022
BTC recovered from an early dip below $20,000 to regain its perch above the psychologically important threshold