Kazakhstan is trying to tackle its struggle with electricity shortages with a series of reforms on crypto mining. Source
Kazakh Crypto Mining Tax Hike Signed Into Law by President Tokayev
Day: July 13, 2022
Loopring Wobbles In Last 2 Months
The Loopring (LRC) price has entered a symmetrical triangle pattern on the daily chart in the face of continuous bearish pressure. This indicates that the bulls are retreating, so LRC must attract buyers to achieve a successful breakout. However, a bearish breakthrough is anticipated, and the token price may fall below the important support at $0.30. Loopring is trading at $0.37 as of this writing, a decrease of 4% over the last seven days, according to statistics provided by Coingecko on Wednesday. The whole crypto market began the year on a positive…
Bitcoin circles $20K pre CPI amid warning Fed risks ‘blowing up’ economy
Bitcoin (BTC) rebounded from overnight lows on July 13 as markets nervously waited for United States inflation data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Countdown to “highly elevated” inflation reveal Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing from $19,250 to $19,900 at the time of writing, up 3.3% on the day. With three hours to go until the release of Consumer Price Index (CPI) data for June, crypto markets showed little sign of advance volatility. Previously, the U.S. government had warned that the CPI figures were…
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Crypto winter presents an opportunity amid chaos, says asset group exec
Bear markets often result in investors showing extreme fear in tools that measure the market’s sentiments. However, despite the uncertainties during a crypto winter, some prefer to focus on the opportunities that it can bring. Alex Tapscott, managing director at Ninepoint Digital Asset Group, told Cointelegraph that the bear market is a time to focus on building. Tapscott highlighted that it’s essential to look beyond the market’s prices and see the foundations that are being laid. Tapscott explained that: “Crypto winters are always the best time to drill down on…
International Standard Setters Publish Guidance on Stablecoin Regulations
The guidelines from the international organization of securities regulators and BIS’ global payments group set out arrangements for systemically important stablecoins. Source
Celo Launches Web3 Africa Fund to Support Blockchain Startups
Celo, a mobile phone-focused blockchain platform, launched the Celo Web3 Africa Fund to support 250 projects in developing African blockchain-based projects. The fund will select 250 projects, and in addition to financial support, it will also provide business and technical guidance for potential projects. At present, the fund is open for application. The company said it would hold corresponding seminars in Kenya, Uganda, Ghana, and South Africa. It will help blockchain projects to be listed on decentralized exchanges. The Celo network has differentiated itself from other blockchains, enabling payments with its…
South Africa’s Famed Krugerrands Collection Set to Be Tokenized – Bitcoin News
South Africa’s famed Zuid-Afrikaansche Republiek (ZAR) coins or the Krugerrands collection are set to be tokenized and will be available to potential buyers from a price as low as $200. Tokenized coins will be minted by Web3 tech firm Momint and will be available on the firm’s non-fungible token (NFT) marketplace. Fractionalized Krugerrand Coins The South African Web3 tech firm Momint, in conjunction with two gold coin dealers, the Scion Shop and the South African Gold Coin Exchange, is set to tokenize the old Zuid-Afrikaansche Republiek (ZAR) coins. The availability…
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Multicoin Capital Injects $430m Venture Fund III for Blockchain Startups
Cryptocurrency investment firm Multicoin Capital has announced the launch of $430 million Venture Fund III to help startups focusing on decentralized autonomous organizations (DAOs), open finance, and Web3 infrastructure. In this round of funding, the firm said Venture Fund III would invest between $500,000 and $25 million in early-stage blockchain projects or companies, adding that it may invest up to 100 million US dollars or more in supporting mature projects with potential market influence in the future. Samani, managing partner at Multicoin Capital, commented on the latest move and said, “We…