Total market capitalization increased 6.4%, one of the biggest gains in recent weeks as risk appetite returned among investors as they priced in lower rate hikes ahead. Ether led gains among majors, with Solanaโs SOL, BNB, and Cardanoโs ADA up 6.4% in the past 24 hours. Elsewhere, Uniswapโs UNI and bitcoin cash added as much as 21%. Source
Day: July 28, 2022
Terror Groups Using South African Financial System to Move Funds โ Africa Bitcoin News
Sympathizers of the terror group, the Islamic State (IS) are allegedly using South Africaโs financial system to channel funds to the groupโs affiliates and networks in Africa. The United States government has so far sanctioned four South Africa-based individuals it accused of facilitating the transfer of funds to African terror groups. Millions of Dollars Laundered A new United Nations Security Council (UNSC) document alleges affiliates of the Islamic State (IS) in Africa are using the South African financial system to mobilize and launder millions of dollars. As per a Bloomberg…
Crypto mining still profitable in the long-term, expert says
From the great migration to the bear market, crypto miners went through many challenges throughout the year including a shift in profitability. However, according to Steve Bassi, an expert in Bitcoin (BTC) and Ether (ETH) mining, crypto mining may still be profitable if we look at its long-term prospects.ย As the costs of application-specific integrated circuit (ASIC) miners hover around $8,000 to $12,000, and electricity costs take up more than half of the projected income โ the current estimated time frame when a miner could cover the cost of one…
Crypto Update: Bitcoin's Price Pumps & ETH continues to rally…
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Bitcoin Awaits US GDP After Biggest Single-Day Gain in 6 Weeks
“Nice uptick on Bitcoin after the FOMC raise rates by 75 bps, meeting expectations,” Secure Digital Markets, a Toronto-based digital assets brokerage, said in a Telegram-based research channel. “Technically, we are seeing a very clean breakout to the upside, which started ahead of the data, seeing institutions taking heavy positions on the back of a more dovish FED stance.” Original
GameFi industry to see $2.8 billion valuation in six years
The GameFi industry holds massive potential for growth within the next six years, according to a recent report. A recent report from Absolute Reports projects massive growth for the GameFi industry within the next six years.ย The research has the play-to-earn nonfungible token (NFT) game industry with an estimated value of $2.8 billion within the time span from 2022โ2028. Moreover, the compound annual growth rate of the industry is 20.4% in the same six-year period. This forecast comes in the midst of a raging crypto bear market, which leaves little…
Critic of Bitcoinโs โone-percentersโ still positive about future of digital assets
A financial professor is skeptical about Bitcoin’s design but is still very much involved in crypto research and is bullish about the future of digital assets. A future without digital assets is hardly imaginable but Bitcoin (BTC) is far from being perfect by design, according to a finance professor at the London School of Economics (LSE). LSE financial professor Igor Makarov believes that digital money and digital assets will undoubtedly be part of the future of finance and their efficiency will depend much on their design. In an interview with…
Critic of Bitcoinโs โone-percentersโ still positive about future of digital assets
A financial professor is skeptical about Bitcoin’s design but is still very much involved in crypto research and is bullish about the future of digital assets. A future without digital assets is hardly imaginable but Bitcoin (BTC) is far from being perfect by design, according to a finance professor at the London School of Economics (LSE). LSE financial professor Igor Makarov believes that digital money and digital assets will undoubtedly be part of the future of finance and their efficiency will depend much on their design. In an interview with…
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European Banking Authority Concerned About Hiring Talent to Oversee Crypto Space โ Regulation Bitcoin News
Europeโs banking sector regulator is worried it wonโt manage to find the specialized personnel needed for the oversight of the EUโs attempt to regulate the crypto market. The authority is also concerned over the lack of clarity regarding which digital assets itโs supposed to supervise. Banking Watchdog Faces Staffing Problems Threatening Its Ability to Regulate Crypto in EU Retention of talent for anything crypto-related is a โmajor concern,โ the man who chairs the European Banking Authority (EBA), revealed in an interview. The deficit applies to other areas as well, including…