It’s not a great day to be in crypto. Perhaps you’ve seen an article (or 20) about this. Perhaps you’ve been on Twitter, where our detractors are cackling gleefully over every headline, each one more harbinger-of-doom-esque than the next. To be fair, things are going badly. Crashed, collapsed, erased, plunged, obliterated and imploded are the operative verbs in most coverage, and they’re not being used incorrectly or in an exaggerated manner. There’s no putting a positive spin on a week where $400 billion in value just evaporated. Even for the…
Day: July 3, 2022
Kuwait-Based Islamic Bank Enters the Metaverse – Metaverse Bitcoin News
Warba Bank, a Kuwait-based Islamic bank, recently became the latest corporation from the Middle East and North Africa (MENA) to enter the metaverse. The bank now occupies two sites in the metaverse, one Decentraland and another one on Sandbox. Pioneering Digital Transformation In what has been described as a first for an Islamic bank, the Kuwait-based Warba Bank recently said it now occupies two sites in the metaverse, one on Decentraland and another on Sandbox. The bank’s presence in the metaverse is expected to bolster its communication with the young…
Is Ethereum FINISHED? (Massive Altcoin SCAM)
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Has Ethereum bit the dust? In this video, we will discuss the price of Bitcoin, Ethereum, and the top altcoins. We’ll take a look at the cryptocurrency markets and the latest crypto news. Bitcoin remains in a bear market, but there’s still plenty of reasons to hold. With this long down streak, a reversal seems near, but it’s still too soon to tell. Meanwhile, Ethereum is dropping lower to a major support level, and we’ll discuss what that could look like in…
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Israel’s regulator teases comprehensive crypto framework at ICC
In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century. While regulation is always a hot topic for the crypto scene, it is always interesting to take a sneak peek behind the curtains and get a sense of how the people writing the rulebook see the state of the game. In late May, Israel’s crypto enthusiasts and entrepreneurs got a chance to do just…
Bank of Namibia to develop possession document on cryptocurrency – NBC
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Huobi to Start Layoffs That Could ‘Exceed 30%’ — Founder May Sell Stake in Company – Bitcoin News
According to the Chinese journalist Colin Wu, otherwise known as “Wu Blockchain,” the cryptocurrency company Huobi may lay off 30% of the firm’s staff due to “a sharp drop in revenue.” Furthermore, the reporter claims that Huobi’s co-founder Leon Li is reportedly looking to sell a large stake in the digital assets company. Colin Wu Reports Layoffs Are Coming to Huobi and the Alleged Sale of 50% Stake On June 28, 2022, Colin Wu, the local cryptocurrency and blockchain journalist from China, explained that Huobi “will start layoffs, which may…
Ethereum average gas fee falls down to $1.57, the lowest since 2020
The Ethereum (ETH) ecosystem’s biggest roadblock to mainstream dominance is often attributed to the extremely high transaction fees or gas fees it requires to complete a transaction. However, with Ethereum’s average gas fees coming down to 0.0015 ETH, the narrative is set to change. The average transaction fee on the Ethereum blockchain fell down to 0.0015 ETH or $1.57 — a number previously seen in December 2020. However, starting in January 2021, Ethereum’s gas fees surged owing to the hype around nonfungible tokens (NFT), decentralized finance (DeFi) and a promising…
Crypto firm Voyager suspends trading, deposits and withdrawals
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io CNBC’s Leslie Picker reports on news around cryptocurrency firm Voyager. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
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