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Day: July 25, 2022
Over a quarter of Asian Pacific ‘emerging giant’ startups tied to blockchain: Report
The Asia Pacific region is seeing a major business shift with increasing numbers of new technology startups appearing, even as venture capital investment is decreasing compared to last year. A report from Big Four accountant KPMG and international banking company HSBC based on a survey of 6,472 Asian Pacific startups found that over a quarter of them are blockchain related. Nonfungible tokens, or NFTs, led the way among sectors where Asian Pacific “emerging giants” were active, followed directly by decentralized finance, also known as DeFi. Electric vehicle charging infrastructure, quantum…
US CFTC to Intensify Crypto Work With New Tech Innovation Office
The agency’s LabCFTC, a long-running fintech team, will be transformed into the new office, which will be led by a director that reports to Behnam, he said in remarks prepared for a Brookings Institution event on Monday. The office will also be staffed by specialists, and existing CFTC employees will have a chance to rotate through to get crypto experience. Source
Bitcoin Bulls Try To Recoup As BTC Dislodged From $22,000 Level
It was a good run until it lasted. The crypto market was having a blast last week, until it sharply nosedived by 3.06% to $1.01 trillion on July 25, Monday. Bitcoin together with Solana, Ether, and Polkadot were all knocked over at the start of the week. Bitcoin was off-course and shaved off the gains it made over the past few days which allowed it to get to its glorious one-month high of $23,000 until it plunged below $22,000 levels on Monday. As of this writing, Bitcoin is trading at…
Tesla reports $64M profit from Bitcoin sale
Tesla’s decision to offload most of its Bitcoin (BTC) treasuries netted the company a hefty profit in the second quarter, even as crypto prices plunged into a bear market. In the first six months of 2022, Tesla recorded $170 million of impairment losses “resulting from changes to the carrying value” of its Bitcoin holdings, according to an official Form 10-Q filing with the United States Securities and Exchange Commission, or SEC. After selling 75% of its BTC stash for dollars in the second quarter, the company netted a realized gain…
Elon Musk says McDonald's will accept Dogecoin? 🔥 Crypto News Today | Cryptocurrency
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Hello Doston, aaj ke video me maine aapse baat ki hai Elon Musk says McDonald’s will accept Dogecoin? 🔥 Crypto Shorts by Crypto King Keyur: Telegram: Twitter: Instagram: #Dogecoin #Bitcoin #CryptoKingKeyur #Crypto Best budget buy links: My Camera: My Mic: My Shotgun mic: My Laptop: About me: Hello Friends! Welcome to my YouTube Channel – Crypto King Keyur —————————————————————————————————- Don’t forget to SUBSCRIBE Crypto King Keyur for more Trusted & Awesome videos. —————————————————————————————————- I graduated from National Institute of Technology and currently…
Why the EU’s Rushed ‘Travel Rule’ for Crypto Should Be Struck Down
Most notably, the EU would extend the so-called “Travel rule,” which currently applies to wire transfers managed by global banks, to require crypto-asset service providers to collect and report data about the originators and beneficiaries of crypto-asset transfers. Source
More Than 57,000 Traders Liquidated As Bitcoin Declines Below $22,000
The price of bitcoin has once again fallen below $22,000 once more. As expected, it has come with its own consequences for those in the crypto market. Most prominent have been in the liquidations, which have ballooned in the last 24 hours. With the most recent crash, more than 57,000 traders have seen their positions liquidated. Bitcoin Dip Triggers $151 Million Liquidations Over the last 24 hours, more than 57,000 traders have been liquidated in the crypto market. This has led to a total of $151 million in assets…
Chia Network Reissues Its Asset Token to Address Security Vulnerability
A number of blockchain protocols hire auditors to look for weaknesses, but token re-issuances are infrequent. Hainsworth said that as “an enterprise and institutional-focused blockchain,” the company has made security issues a priority and conducts regular audits of new releases. Chia engaged Trail of Bits, a respected security audit firm, in December, a month before launching the CAT. Source
Since 2014, Roughly 42% of Failed Crypto Exchanges Have Disappeared Without a Trace for No Apparent Reason – Exchanges Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today. Original