Asian crypto lender Vauld has been granted a three-month moratorium by the Singapore High Court to continue to explore its options. Source
Troubled Crypto Lender Vauld Granted 3-Month Moratorium by Singapore High Court: Report
Day: August 1, 2022
BTC, ETH Enter August Trading Below $24,000 and $1,700 Respectively – Market Updates Bitcoin News
Bitcoin was trading marginally lower to start the week, as prices of the token fell lower for a fourth consecutive session. The world’s largest cryptocurrency has suffered from increased market volatility, following last Saturday’s surge to a six-week high above $24,000. Ethereum was also in the red on Monday. Bitcoin Bitcoin (BTC) was trading in the red to start the week, as markets fell for a fourth consecutive session on Monday. Following last Saturday’s peak of $24,678, which saw BTC/USD hit its highest level since June 13, the token has…
Ether Flips Bitcoin in Options Market for the First Time
That said, in terms of market valuation, ether, at $199 billion, is still half the size of bitcoin, whose market cap stood at $443 billion at press time. Some observers are confident that ether will soon replace bitcoin as the world’s largest cryptocurrency by market value. Source
Wright Put Forward ‘False Evidence,’ Will Receive Damages of £1
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How Bitcoin Mining Can Incentivize Renewable Energy
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Apr.23 — Bitcoin mining is often decried as an energy hog, but new research results by Cathie Wood’s ARK Invest and Jack Dorsey’s Square have been found to “debunk the myth.” Tesla’s Elon Musk also agrees that it could actually be good for the planet. Marco Streng, CEO and co-founder at Genesis Digital Assets, says because renewable energy is among the most economically friendly, miners will lean towards that power source, thus contributing to the renewables industry in the long term. Streng…
Huobi gets green light as exchange provider in Australia
Crypto exchange Huobi can begin offering cryptocurrency exchange services in Australia after its registration as a digital currency exchange provider with the Australian Transaction Reports and Analysis Centre (AUSTRAC) on Aug. 1. This means Huobi can now offer fiat to cryptocurrency trading services in the country. Cointelegraph has reached out to Huobi to ascertain whether it will be able to offer full exchange services. The company initially indicated it would focus on providing OTC services after receiving its registration. The exchange continues to look at broadening its horizons and is…
Coinbase CEO Brian Armstrong Reveals What It Takes for Altcoins To Be Listed on Exchange
The head of the biggest crypto exchange in the US is revealing the company’s strategy for listing new digital assets on its platform. In an interview with Lex Fridman, Coinbase CEO Brian Armstrong says that the first step of listing an altcoin on the exchange is determining whether or not the asset qualifies as an unregistered security. “We basically have a test of legality. We check: ‘Do we believe this is a security?’ If so, it can’t be listed on Coinbase. And there’s a very rigorous process we go through…
Croatian retail giant sees rise in crypto payments despite the bear market
Payments in cryptocurrencies like Bitcoin (BTC) have been on the rise at Croatia’s largest supermarket chain Konzum this year despite the ongoing bear market. After debuting crypto payments in 2021, Konzum has seen an increasing trend for this type of payment, the firm’s director of business applications Ines Barbir told Cointelegraph. Konzum officially started accepting cryptocurrencies as payment for its products in December 2021, allowing customers to pay online with nine cryptocurrencies like BTC and Ether (ETH) as well as Tether (USDT) and USD Coin (USDC) stablecoins. The supermarket chain…
Metaverse Company Condense Raises $4.5 Million to Accelerate VR Streaming Adoption – Metaverse Bitcoin News
Condense, a Bristol, England-based metaverse company that produces technology to allow the streaming of events to virtual reality apps, has raised $4.5 million in its most recent seed round. The round, which was led by Localglobe, 7percent Ventures, and Deeptech Labs, gives Condense funding to deepen its relationship with artists, labels, content creators, and metaverse platforms in order for its technology to be adopted by more companies. Condense Raises $4.5 Million to Deepen Metaverse Streaming Adoption Condense, a Bristol, England-based company that offers metaverse streaming technology, has announced…
Market correction vs. bear market: Key differences explained
Market corrections and bear markets both involve price declines, but knowing how to differentiate between the two is crucial in protecting your investment portfolio. Market correction vs. bear market To summarize, here are some of the key differences between the two: While corrections and bear markets can be daunting, remember they’re normal occurrences within a healthy economy. Learning to differentiate between the two will allow you to navigate them better. In terms of recovery time, markets tend to recover from corrections faster—typically within a couple of months. Bear markets, however,…