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Month: July 2022
US Treasury issues framework addressing engagement on crypto with foreign regulators
The United States Department of the Treasury has delivered to President Joe Biden a framework on crypto for U.S. government agencies to work with their foreign counterparts. In a Thursday announcement, the U.S. Treasury said it had reported on a regulatory framework for cryptocurrencies in consultation with the Secretary of State, the Secretary of Commerce, the Administrator of the U.S. Agency for International Development and other government agencies as required by President Biden’s executive order on digital assets issued in March. According to the Treasury Department, the framework aimed to…
Survey shows 55% of crypto investors chose to HODL as Bitcoin and altcoin prices collapsed
Crypto and equities markets are down and aside from the positive news of Celsius repaying all of their debt and avoiding a massive liquidation, there are few on the spot reasons that are prompting investors to buy Bitcoin and altcoins. The collapse of numerous decentralized finance (DeFi) protocols, crypto investment funds and BTC trading 60% below its all-time high continue to weigh on sentiment but a few positive tidbits of data could be a sign that the market is ready to enter a consolidation phase. expect people will shift from a…
Dogecoin Adds $1 Billion To Its Market Cap Folllowing Elon Musk’s ‘Boring Company’ Announcement
Following Elon Musk’s Boring Company’s announcement, it now allows consumers to pay using Dogecoin. As a result, DOGE has increased by 5% during the past day. But after that, it decreased by over 2%. However, it had a market value increase of almost $1 billion during the past 24 hours. With a market cap of $10.484 billion, DOGE overtook Polkadot and other currencies to rank as the tenth-largest cryptocurrency. According to CoinGecko statistics, DOGE increased by around 13% during the course of the past seven days. The price is $0.07034…
Celsius Sends $500M of Bitcoin Derivative to Crypto Exchange After Debt Payoff
The move suggests that Celsius might sell the assets for more liquid assets, although market data on the exchange did not indicate that it had already happened. At press time, WBTC traded closely in tandem with bitcoin, changing hands at $21,600, up 6% in the last 24 hours. Original
Dave Ramsey Reacts To Crytpo Scams and Bitcoin's Crash!
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Dave Ramsey Reacts To Crytpo Scams and Bitcoin’s Crash! Subscribe and never miss a new highlight from The Ramsey Show: Want a plan for your money? Find out where to start: Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Watch and subscribe to all The Ramsey Network shows here: ▶ Coinbase Website: Coinbase.com…
Veratad Technologies Pairs with Blockchain-ID Ltd to Developing Authentication Tool on Algorand
Authentication solutions provider Veratad Technologies has partnered with UK-based Blockchain-ID Ltd to jointly develop BlockchainIDme, an authentication tool on the Algorand blockchain. In the current blockchain field, most users use their electronic wallets (including custodial and non-custodial) to store their digital asset data. Due to the continuous emergence of network attacks, security issues and control over data are particularly important. Through the partnership, users with their e-wallets for smart contract transactions can use BlockchainIDme tokens and encryption keys to confirm the owner’s identity, whether for centralized exchanges such as Binance,…
Exchange latinoamericano Bitso lanza servicio de remesas con criptomonedas en Colombia
El servicio, que permitirá a individuos y empresas enviar y recibir dólares digitales, es el primer producto de remesas de criptomonedas en Colombia hasta la fecha, según Bitso. La función, por ahora, estará disponible a través del sitio web de la compañía, mientras que será incluida en la aplicación móvil pronto, agregó la empresa. Source
Discussion Platform Reddit Introduces Blockchain-Backed Collectible Avatars to 52 Million Users – Blockchain Bitcoin News
The social media and discussion website Reddit has announced the launch of blockchain-backed collectible avatars. The collectible avatars are stored via the Polygon blockchain as the chain was chosen for its “low-cost transactions and sustainability commitments.” Reddit’s Polygon-Backed Digital Avatars Will Soon Be Available to the General Public On July 7, 2022, the staff at Reddit announced the launch of blockchain-backed Reddit avatars that are stored on the Polygon network. It’s not Reddit’s first rodeo with blockchain technology as the social media and discussion platform was working with Arbitrum’s layer…
Market Wrap: Bitcoin Climbs Above $21K for First Time in a Week
BTC recovered from an early dip below $20,000 to regain its perch above the psychologically important threshold. Source