Day: July 21, 2022

Hardware wallet industry to outstrip crypto exchanges: Report

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The crypto hardware wallet industry could be growing at a faster pace than cryptocurrency exchanges, data from several studies suggest. The current bear market has accelerated the development of the cold wallet industry, while many centralized crypto exchanges were scrambling to maintain operations. According to a report by business intelligence firm Vantage Market Research, the revenue of global crypto trading platforms amounted to $330 million in 2021. Released on July 21, the report suggests that the global crypto exchange market revenue would reach a value of $675 million by 2028 with…

Korean crypto startup Uprise to compensate investors after disastrous LUNC short trade

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South Korean crypto investment company Uprise plans to compensate investors for damages incurred during its futures bet on Luna Classic (LUNC) — a token that was built on the ruins of the failed Terra ecosystem.  Uprise is making arrangements to compensate 40% of the loss incurred by customers tied to its disastrous short bet on the token, according to the Korean newspaper Soul Economic Daily. The short position was placed in May using client funds that were deposited in a $20.3 million (26.7 billion won) discretionary investment vehicle. As reported…

Bitcoin Miner Revenues Continue To Plunge, But Will The Rally Change This?

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Bitcoin miner revenues have been plummeting ever since the price of BTC peaked back in November. This has put miners in a tight spot, causing a good number of them to sell their BTC holdings in order to keep financing their operations. The same was the case for last week, where miner revenues were once again in the red. However, as the tide begins to change in the crypto market, there may be light at the end of the tunnel for miners. Miner Revenues Down 4% For the past month,…

30% Tax On Cryptocurrency In India | India Budget 2022 Finance Minister Today Statement

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 30% Tax On Cryptocurrency In India | India Budget 2022 Finance Minister Today Statement Join FREE Daily Money & Career Tips Newsletter: Get my course on Blockchain & Bitcoin Fundamentals on Udemy: Automate your Crypto Investments with Vauld: Get Smallcase: 🚨OFFICIAL SOCIAL MEDIA LINKS🚨 The Stoic Wealth Channel: Financial Funda Hindi: Telegram: Twitter: Instagram: My Monopoly Mix Smallcase: FTX Crypto Exchange, also Get US Stocks here: Automate your Crypto Investments with Vauld: Get $40 in BTC on Celcius after initial deposit of…

Video Game Giant Square Enix Plans to Drop a Final Fantasy VII NFT Collection in 2023 – Bitcoin News

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According to the non-fungible token (NFT) company Enjin, the firm has inked a deal with the Japanese entertainment conglomerate and leading video game developer Square Enix. The partnership will produce the launch of Final Fantasy VII 25th Anniversary cards and figures on the cross-chain network platform Efinity. Japanese Software Developer Square Enix to Issue Final Fantasy Non-Fungible Token Assets Next Year Square Enix has plans to release NFTs tied to the company’s most popular video game series Final Fantasy in 2023, according to a press announcement stemming from Enjin. The…

Blockchain.com Renders A Quarter Of Its Workforce Jobless As Bear Market Bites

Blockchain.com has announced on Thursday that it was slashing a quarter of its global workforce, multiple sources disclosed. The Luxembourg-based cryptocurrency exchange had swiftly grown during the bull market, hiring 450 new employees over the course of 16 months. As the bear market continues to wreak havoc, the company has decided to reverse course, laying off approximately 150 of its 600 employees. Image – Moeara News Suggested Reading | Ripple Will Lose Court Battle Against SEC, Anti-Crypto US Congressman Says The majority of affected employees (44 percent) are based in…

Sell the news? Cardano price risks 20% drop despite Vasil hard fork euphoria

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Cardano (ADA) has dipped this July 21 as the market favors mounting selling pressure around its most reliable resistance levels in 2022 over a major upcoming hard fork. ADA price could plunge 20% by early August ADA’s price fell 5% intraday to $0.476. The downside move came as a part of a broader retreat that started a day after it briefly climbed above its 50-day exponential moving average (50-day EMA; the red wave in the chart below) near $0.50. The 50-day EMA has been serving as ADA’s curvy resistance level since…