Month: July 2022

‘Token will defeat cryptocurrency’: Russia debuts palladium-backed stablecoin

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The Russian government-backed tokenization platform Atomyze has issued its first digital asset backed by palladium in collaboration with the local bank Rosbank. Rosbank officially announced on July 18 that it became the first partner of the Russian blockchain firm Atomyze, acting as an investor in Russia’s first digital asset deal with palladium. According to the announcement, the newly issued digital asset is the first digital financial asset (DFA) issued through Atomyze. The platform obtained registration from the Bank of Russia in February 2022, becoming the country’s first legal digital asset manager.…

Bitcoin price nears critical 200-week moving average as Ethereum touches $1.5K

Bitcoin (BTC) hovered at $22,000 at the July 18 Wall Street open as analysts warned that bulls would not break resistance in one go. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Can Bitcoin win back bear market support? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to consolidate after hitting highs of $22,500 on Bitstamp. That level represented the start of sell-side positions on exchanges clustered around the 200-week moving average (WMA), a key area which commentators argued would be hard to crack. “Not expecting continuation on Bitcoin, at…

Crypto-Related Stocks Bounce as Bitcoin Retakes $22K

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Bitcoin (BTC) is up more than 5% since Friday, and – at this point on Monday morning – holding above $22,000 for a sustained period for the first time since the mid-June price crash. Ether (ETH) is performing even better, up nearly 20% since Friday to $1,479 as anticipation over the “merge” builds. Checking traditional markets, the Nasdaq is higher by about 1% and the S&P 500 is up 0.6%. Original

MINING VS FISHING: WHICH IS BEST FOR TICKETS – Roblox Mining Simulator 2

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io I had a few comments last time detailing that Mining was better than Fishing for tickets in Mining Simulator 2, so in this video, let’s see which is actually better for all players! MAKE SURE YOU SUBSCRIBE! #ROADTO10KSUBS My Discord: My Group: My Profile: Game in the Video: Join this channel to get access to perks: THANKS FOR WATCHING 😀 ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Local Bottom or Hopeless Relief Rally? – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock  Despite last week’s news regarding the latest inflation data, the crypto market has seen a relief rally since. Headline CPI in the U.S. for June was 9.1% year-over-year, which was well above the median forecast of 8.8% and the highest since 1981. The result of this is another blow to economic and social well-being, as the Federal Reserve are forced to be more aggressive. However, Bitcoin has risen by over 10% since the news and Ethereum has climbed by almost 40%.…

Bitcoin Treasuries Records Show $2.1 Billion in BTC Was Erased From Balance Sheets – Bitcoin News

During the 12 months, public companies, private companies, exchange-traded funds, and even countries have added bitcoin to their balance sheets. As of July 17, 2022, the aforementioned types of entities hold approximately 1,325,396 bitcoins worth $27.84 billion today. However, the number of coins stored in bitcoin treasuries has dropped since June 5, 2021, by approximately 102,045 bitcoins worth $2.1 billion. Bitcoin Balance Sheet Data Slides From 1.42 million to 1.32 Million Last year, bitcoin (BTC) saw a significant rise in U.S. dollar value reaching $64K in April and $69K in…

Will intellectual property issues sidetrack NFT adoption?

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The rapidly growing but loosely regulated nonfungible token (NFT) industry already touches many areas of human endeavor “from academia to entertainment to medicine, art, and beyond,” wrote recently two United States senators in a letter to the U.S. Patent and Trademark Office (USPTO) and the U.S. Copyright Office. The legislators were requesting a study to explain how this emerging technology fits into the world of intellectual property (IP) rights, including copyrights, trademarks and patents.  It is an area that some say is marked by ambiguity and inconsistent application of the…

Stablecoin Bill Won’t Force All Issuers to Be Banks, Congressman Says

“Apparently, we’ll have options for both banks and non banks,” Himes told CoinDesk in an interview. He said Chairwoman Maxine Waters (D-Calif.) and the ranking Republican on the committee, Rep. Patrick McHenry (R-N.C.), have been working together on a narrow, stablecoins-only bill, and it’s expected to establish “standards for reserves” for more than one kind of issuer. Source