Day: May 3, 2022

ALGO price in danger of 25% correction despite Algorand–FIFA partnership hype

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Algorand (ALGO) prices rallied higher on May 3 after becoming FIFA’s official blockchain solution provider. Nonetheless, the ALGO/USD pair continues to face selloff risks. High-profile partnership ALGO’s price jumped 20% to $0.74, its highest level since April 22. Its move upside came as a part of a broader rebound that started April 30, gaining 37.5% in just three days of trading. ALGO/USD daily price chart. Source: TradingView As visible in the chart above, a large portion of the ALGO’s upside move took cues from FIFA’s announcement. Late on May 2,…

What are the most bullish cryptocurrencies to buy right now?

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The Market Report with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss what they believe are the top three most bullish coins one should take a closer look at. But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down. Next up: the main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth and Sam Bourgi as each…

The Four Factors That Make NFTs Successful

I think that this market and technology is still so nascent, and it is still so early from a market penetration perspective. Different use cases, categories, disciplines from art, collectibles, music, photography; and less sexy stuff like you said, like record keeping, land titles, government documents, healthcare, literary NFTs, membership passes. We are lumping all these just because they happen to share a medium, because they’re all NFTs. Source

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Regulations enter critical stage as gov’t shows interest

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The crypto community and Wall Street converged last week in Nassau, Bahamas, to discuss the future of digital assets during SALT’s Crypto Bahamas conference. The ​​SkyBridge Alternatives Conference (SALT) was also co-hosted this year by FTX, Sam Bankman-Fried’s cryptocurrency exchange. Anthony Scaramucci, founder of the hedge fund SkyBridge Capital, kicked off Crypto Bahamas with a press conference explaining that the goal behind the event was to merge the traditional financial world with the crypto community: “Crypto Bahamas combines the crypto native FTX audience with the SkyBridge asset management firm audience.…

Is Cryptocurrency Legal in the UK?

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Over the past few years, cryptocurrency has come into the public eye more than ever, as large investment firms begin to heavily invest in blue-chip cryptocurrencies like Bitcoin and Ethereum. Due to this spike in adoption from companies and the general public, governments all around the world have frantically tried to put in place proper regulations for crypto. The FCA and HMRC, which are the main bodies currently dealing with cryptocurrency regulation in the UK have been progressive in their view of crypto, the regulation it has received, and competent…

Riot Blockchain Sells Nearly Half of April’s Bitcoin Production

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“Riot is monitoring its balance sheet on an ongoing basis, evaluating the level of bitcoin retained from monthly production in consideration of operational and expansion cash requirements,” Trystine Payfer, Riot’s director of communications, said in an emailed statement to CoinDesk. “The company continues to hold a long-term view on its bitcoin holdings and believes it is in the best interest of shareholders to have strong bitcoin holdings on its balance sheet.” Original

SEC Nearly Doubles Crypto Enforcement Unit — Regulator Says ‘Crypto Markets Have Exploded in Recent Years’ – Regulation Bitcoin News

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The U.S. Securities and Exchange Commission (SEC) has nearly doubled the size of its Enforcement Division’s crypto unit. SEC Chairman Gary Gensler said the regulator “will be better equipped to police wrongdoing in the crypto markets while continuing to identify disclosure and controls issues with respect to cybersecurity.” SEC Strengthens Enforcement Division’s Crypto Unit The U.S. Securities and Exchange Commission announced Tuesday that it has nearly doubled the size of the Division of Enforcement’s unit “responsible for protecting investors in crypto markets and from cyber-related threats.” Citing “the allocation of…