Day: July 26, 2022

MyTopSportsbooks Journalist Investigates Profitability of Move-to-Earn Sneakers – Blockchain News, Opinion, TV and Jobs

A journalist has spent a month tracking his movements via a popular move-to-earn app to answer the question “Can you make money walking with NFTs?”. Ashton Miller, a journalist with MyTopSportsbooks, a website providing reviews of the best the best sports betting sites on the web, spent a month walking in non-fungible sneakers. The virtual shoes, represented in move-to-earn (M2E) app STEPN, award their “wearer” with cryptocurrency for every step they take. Miller’s investigative journalism entailed using the STEPN app every day for a month and recording his progress and…

Bitcoin Slips To 1-Week Low Ahead Of Fed Hike Rate Decision

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On July 26, the price of Bitcoin (BTC) fell to a level not seen in more than a week as investor anxiety grew in anticipation of the Federal Reserve raising interest rates. Bitcoin Slumps According to TradingView, the leading cryptocurrency is currently trading below $21,000 at $20,955, down 4.26 percent today and a further 7.17 percent over the past week. As a result, the total market value of the digital asset is currently $400.13 billion. More than a week ago, on July 18, BTC had a market cap of this…

Digital Currency Exchange Kraken Under Investigation for Violating OFAC Sanctions – Bitcoin News

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On Tuesday, a newly published report details that the cryptocurrency exchange Kraken is under federal investigation for allegedly violating U.S. sanctions, according to five people familiar with the matter. The unknown sources explained that the inquiry into Kraken started in 2019, and it’s accused of allowing users from sanctioned countries like Iran access to the digital currency trading platform. Treasury’s Office of Foreign Assets Control Is Allegedly Investigating Kraken The San Francisco-based crypto exchange Kraken is allegedly under investigation by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC),…

Regulators Should Ban Crypto Advertising in Sports

After 10 years at a national PR agency, I was recruited by Burson-Marsteller, a giant international agency. My assignments there included redesigning the fan balloting publicity program for Gillette Stadium in Foxborough, Mass., and assorted sports marketing projects for corporate accounts, including the Olympics. I was designated the U.S. spokesman for the Seoul Olympic Organizing Committee and acted as a troubleshooter at the 1988 Summer Games. Source AdvertisingBanCryptoRegulatorsSports CryptoX Portal

UPenn’s Wharton School rolls out online certificate course on business in the Metaverse

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The University of Pennsylvania Wharton School of Business announced Tuesday that its Aresty Institute of Executive Education will launch a certificate program titled “Business in the Metaverse Economy.” The six-week course will be taught online with a heavy dose of immersion. Wharton, one of the world’s leading business schools, teamed up with consulting firm Prysm Group to design the course, which will include more than 50 lectures by faculty and industry representatives, as well as six case studies. Guest speakers will come from Adobe, Animoca Brands, R/GA, RLY Network, Second…

Valour to List Its ETPs on the Lang and Schwarz Exchange

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Valour Inc., a  fintech  Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but…

Crypto Council for Innovation hires government insiders to build leadership team

The Crypto Council for Innovation, or CCI, a crypto advocacy group that establishes dialogues with governments and regulatory agencies on the benefits of crypto, has hired two new experts with experience in financial regulatory policy in the United States. In a Tuesday announcement, the CCI said Linda Jeng, a former Federal Reserve Board and Treasury Department employee, and Brett Quick, former deputy chief of staff for House Financial Services Committee chair Emeritus Spencer Bachus, would be joining the council in support of its policy and regulatory affairs team. Jeng will…

Bitcoin price falls under $21K, bringing more capitulation or just consolidation?

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On July 26, Bitcoin (BTC) price dropped below $21,000, giving back the majority of the gains accrued in the previous week and returning to the $23,300 to $18,500 range that Glassnode analysts describe as “the Week 30 high and Week 30 low.”  A handful of analysts and traders attribute the July 26 to July 27 Federal Open Market Committee (FOMC) meeting and the expected Federal Reserve rate hike as the primary reasons for the current sell-off. Barring the announcement that the United States economy has entered a recession, a few…