CryptoPunks’ trading volume surges 1,847% after Tiffany & Co. launches exclusive NFT collection
On Monday, the trading volume of CryptoPunks, one of the sector's most popular nonfungible token (NFT) collections, surged by 1,847% over 24 hours. Over $1,226.68 Ether (ETH) worth of Punk NFTs was traded during that time. The surge in...
Blockchain cloud infrastructure company W3BCloud to go public via $1.25B SPAC
On Monday, W3BCloud, a firm building global data centers for the Web3 and blockchain sectors, announced that it was going public via a takeover by special purpose acquisition vehicle (SPAC) Social Leverage Acquisition Corp I. Social Leverage...
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Law Decoded, July 25-August 1
Despite some good signs of the crypto prices recovery, last week could hardly be called bright for the market, as the major news came from the enforcers and not the regulators. According to a report from the New York...
Binance US will delist AMP following SEC claim token is a security
United States-based crypto exchange Binance.US said it will be delisting the AMP token “out of an abundance of caution” of possible enforcement by federal regulators. In a Monday blog post, Binance.US said it will be closing deposits of Amp...
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CBOE’s operating expenses spiked 312% due to underperformance of acquired crypto firm
On Friday, Chicago Board Options Exchange (CBOE), the largest options exchange in the United States, announced its second-quarter earnings results. Of particular interest was its total operating expenses, which soared 685% year-over-year from...
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Bitcoin bulls defend $23K amid warning bear market rally ‘alive and well’
Bitcoin (BTC) tested $23,000 as support on the Aug. 1 Wall Street open with key moving averages in focus. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView200-week moving average gets big attentionData from Cointelegraph Markets Pro...
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Polygon gains 83% in a month, but data show project has been losing traction
Polygon (MATIC) had a promising July, gaining an impressive 83% in 30 days. The smart contract platform uses layer-2 scaling and aims to become an essential Web3 infrastructure solution. However, investors question whether the recovery is...
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New York AG calls for whistleblowers ‘deceived or affected’ by the crypto market crash
New York Attorney General Letitia James has opened the doors for investors who may have witnessed misconduct at a crypto firm amid the extreme market volatility to file a complaint as a whistleblower.In a Monday notice, James called on...
Shiba Inu is still facing issues with the burn portal
Shiba Inu has a colorful community that created its own ecosystem of tokens and DeFi applications. One of these applications is a so-called burn portal that is rewarding users for effectively destroying their SHIB tokens. Recently, the portal is...
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How blockchain technology can revolutionize international trade
Since time immemorial, technological innovations have shaped the structure of commerce and trade. The discovery of electricity encouraged mass production and the advent of steam engines ushered in an era of mechanized production. From...
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How much enforcement is too much? – Cointelegraph Magazine
Many blockchain companies now believe that regulation is inevitable, but there’s a growing debate over where to draw the line between protecting users and strangling the lifeblood out of the industry — or forcing it outside the United...
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Huobi gets green light as exchange provider in Australia
Crypto exchange Huobi can begin offering cryptocurrency exchange services in Australia after its registration as a digital currency exchange provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC) on Aug. 1. This means...
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Best monthly gains since October 2021 — 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week and a new month on a cautiously positive footing after protecting crucial levels.After an intense July in which macro factors provided significant volatility, BTC price action managed to provide both a weekly and...
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Where are we in the hype cycle?
According to the so-called Gartner hype cycle, a new technology goes through several phases. During the hype phase, expectations are high. This is followed by a phase of sobering up. Only later does the market enter a phase of...
Aave DAO approving overcollateralized stablecoin splits crypto community
Aave DAO, the governance body behind decentralized finance (DeFi) giant Aave (AAVE) protocol, has unanimously voted in favor of creating an overcollateralized stablecoin called GHO.The Aave company put up the GHO creation proposal on July 28,...
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$200M BitGet BTC-USDT protection fund hints at investor-centric trend
With the ultimate goal to regain investor confidence amid a prolonged bear market, crypto derivatives exchange Bitget launched a $200 million fund to safeguard users’ assets. Bitget joins the growing list of crypto companies, such as Binance,...
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Country-specific crypto markets a bad idea, CZ says after gov’t talks
Binance CEO Changpeng ‘CZ’ Zhao has highlighted the shortcomings of segregated cryptocurrency markets after recent talks with governments from different countries.The global cryptocurrency exchange’s CEO has become increasingly involved in...
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Bitcoin miner capitulation due to end amid 1st difficulty increase since June
Bitcoin (BTC) miners have been capitulating for almost two months, but an end to the squeeze could already be here.That was the conclusion from Blockchain infrastructure and cryptocurrency mining firm Blockware as it published its latest...
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Israel puts the brakes on cash to spur digital payments
Authorities in Israel on Monday has in put in place further restrictions on cash payments as a means to combat illegal activity and spur digital payments in the country. Since January 2019, Israeli businesses and consumers have been subject to...
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GameFi and Metaverse least affected by Terra debacle: Report
Blockchain gaming and the Metaverse have managed to “sidestep” the “Lehman brothers-like” collapse of Terra in May — though decentralized finance (DeFi) and nonfungible tokens (NFTs) haven’t been so lucky, a report says. In a July 29...
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