Day: July 11, 2022

US inflation data will be ‘messy’ — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts another week in a precarious position near $20,000 ahead of fresh macro upheaval. After admittedly sealing its best week’s gains since March, the largest cryptocurrency is struggling to hold onto its recently-reclaimed levels. Major resistance zones remain overhead, and with inflation data due for release later in the week, the coming days could prove unnerving for risk-assets everywhere. At the same time, crypto market sentiment is showing signs of recovery, and on-chain metrics continue to underscore what should be Bitcoin’s latest macro price bottom.  With conflicting data…

Binance Gets VASP License From the Bank of Spain – Regulation Bitcoin News

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Binance, one of the largest crypto exchanges worldwide, has secured a license from the Bank of Spain that will let the exchange operate in compliance with the local laws. This certification means that the exchange is currently complying with its AML/KYC processes required by the government of the country. More than 17 companies have received this certification by now. Binance Gets Operating License From the Bank of Spain Binance, the cryptocurrency exchange, has received the certification of the Bank of Spain to operate as a Virtual Asset Service…

Where to Get Started Building Your First GPU Mining Rig for Crypto Mining

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In today’s video we discuss Where to Get Started Building Your First GPU Mining RIG for Crypto Mining. Do you remember your First Mining Rig? Maybe it was built into a Milk Crate or a Shoe Rack or better yet, maybe you Build a Custom GPU Mining Frame. In today’s vide we go down memory lane discussing my First GPU Mining Rigs. Building your First Crypto Mining Rig can be a Blast but you may ask, Is it Worth Crypto Mining in…

Sports sponsorships sealed amid market turmoil as Man City inks deal with OKX

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Crypto exchange OKX has announced that it has made a deal with English Premier League (EPL) champions Manchester City to become the team’s training kit sponsor for the 2022-23 season. Despite the current bear market, it appears that crypto and sports partnerships have been going strong, with fellow EPL team Everton also recently signing a match kit sponsorship with crypto gambling firm Stake. At the same time, PSG has also launched preseason NFT tickets. The OKX deal will put a fair amount of eyeballs on company branding, given that Manchester City…

Crypto Exchange OKX Becomes Training Kit Sponsor of Manchester City

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Crypto exchange, OKX has extended its partnership with Manchester City Football Club, now becoming its official training kit sponsor for the 2022-23 season. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. Announced on Monday, the agreement between the two will put the branding of the crypto exchange on the training kits of both men and women teams of Machester City. Further, players will take part in OKX’s crypto education initiatives. “The real…

Celsius changes legal team, pays off $20M in Aave debts

Crypto lending platform Celsius has reportedly hired lawyers from Kirkland & Ellis LLP to advise on its restructuring options — the same firm that assisted Voyager Digital with its bankruptcy filing last week.  According to a report from the Wall Street Journal on July 10, the company has hired lawyers to advise on options, including a bankruptcy filing in place of the previously hired law firm Akin Gump Strauss Hauer & Feld LLP. Kirkland & Ellis LLP describes itself as an international law firm that serves clients in private equity,…

Terra projects band together in migration to Polygon ecosystem

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More than 48 different crypto projects formerly based on the failed Terra ecosystem have found a resurgence by migrating over to Polygon.  Polygon Studios CEO Ryan Wyatt expressed delight at his network’s ability to onboard many projects to the ecosystem in a July 9 tweet. He hinted that Polygon’s multimillion-dollar Terra Developer Fund has been effective in attracting the talent that was unexpectedly flung into limbo when Terra collapsed in May. UPDATE: Terra projects have begun migration. Over 48 projects and counting… including @OnePlanet_NFT, an exclusive @0xPolygon marketplace, and @DerbyStars_HQ!…

Focus on cryptocurrency intensifying after week of volatility

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The focus on cryptocurrency is intensifying after a week of volatility. Crypto, unlike government-issued dollars, is a decentralized digital currency, so the value can go up or down quickly. CBS2’s Steve Overmyer has the latest on what’s being called a “crypto winter.” ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version