Month: July 2022

Mercado Bitcoin plans to expand to Mexico

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Brazilian crypto exchange Mercado Bitcoin could begin operating in Mexico sometime in 2022, pending regulatory approval. Speaking to Cointelegraph on Thursday, Mercado Bitcoin CEO Reinaldo Rabelo said the company was awaiting regulatory approval to start operations in Mexico. The details of the expansion are unclear, but Rabelo said in an April interview that acquiring a crypto exchange was an easier route to operate in a new market to avoid starting from scratch. In January, Mercado Bitcoin’s operator 2TM Group bought a controlling stake in Lisbon-based crypto exchange CriptoLoja as part of…

Bitcoin Stalls at $23K but Sits Above Cost for Average Investor’s Purchase Price

Additionally, the Average True Range (ATR) for BTC prices has been in decline since mid-June, indicating a narrower trading range. Also of note is BTC’s 10-period moving average crossing above its 20-period MA, as well as BTC prices themselves briefly touching the 50-period moving average. The decline in volume, however, implies uncertainty, and we expect that investors are viewing the $23,000 range as an area of potential resistance. Source

The dark side of the metaverse and how to fight it

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Metaverse and Web3 have become catch-all terms that describe some aspects of the future internet. Beyond the hype, however, these technologies are building immersive worlds that intersect digital and real life. As more people migrate to the metaverse to work, play and “live,” so to speak, real-world complications are bound to arise.  Have you ever thought about how crime will be policed in the metaverse? How will we stop bad actors from ruining the next great leap in human ingenuity? Cointelegraph’s editor-in-chief Kristina Lucrezia Cornèr pondered these questions and more…

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‘The market is acting this way because there is no regulation’ says Skale Labs’ Konstantin Kladko

According to Kladko, a combination of naive investor protection mechanisms and lack of market regulation led to the recent DeFi “supercrash.” The recent cryptocurrency bear market has uprooted decentralized finance (DeFi) and centralized finance (CeFi) projects in the crypto space. But past performance is not always indicative of future results. For starters, Ethereum’s price has already recovered 48% in the past few days ahead of the looming Merge upgrade. At the annual Ethereum Community Conference in Paris, Cointelegraph spoke to Skale Labs’ co-founder Konstantin Kladko regarding the market crisis. Sklae…

Spanish Crypto Exchange Bit2me Won’t Absorb 2gether Customers Due to Internal Discrepancies – Bitcoin News

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Bit2me, a Spanish cryptocurrency exchange, announced that the deal it aimed to complete with 2gether, another Spanish exchange, fell through due to internal discrepancies. The company hoped to absorb the customers of 2gether after it blocked operations, forcing users to pay €20 to keep using the platform after having declared it could no longer provide free services earlier this month. Bit2me Drops 2gether Customer Absorption Deal Spanish cryptocurrency exchange 2gether is still facing difficulties after it blocked its customers’ access to its platform earlier this month. Bit2me, another…

Ether price stalls at $1,630 after gaining 50% in under a week

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Price action across the cryptocurrency market was largely subdued on July 21, as traders took a day to digest gains over the past week and book profits following the biggest relief rally since early June. Amid speculation about what drove the recent rally, the Ethereum Merge has consistently ranked at the top of the list. The market rally shifted into high gear after a tentative date of Sept. 19 was set for the mainnet Merge. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a high of $1,620 on…