Day: August 3, 2022

BNB Ready To Break Above $300? Fundamentals Support Bulls

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Binance Coin (BNB) has been moving sideways around the critical level at $300 and might gather momentum for a rally. The cryptocurrency saw significant losses over the past months, but it has been able to recover faster than other altcoins. At the time of writing, BNB’s price trades at $290 with a 4% and 17% profit over the past 24 hours and 7 days, respectively. Thus, making this cryptocurrency one of the best-performing assets in the crypto top 10 by market cap only surpasses Polkadot’s (DOT) 22% profit in one…

Bitcoin bulls aim for $25K price on Friday’s $510M options expiry

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Fifty-one days have passed since Bitcoin (BTC) last closed above $24,000, causing even the most bullish trader to question whether a sustainable recovery is feasible. However, despite the lackluster price action, bulls have the upper hand on Friday’s $510 million BTC options expiry. Bitcoin index/USD 1-day price. Source: TradingView Investors have been reducing their risk exposure as the Federal Reserve raises interest rates and unwinds its record $8.9 trillion balance sheet. As a result, the Bloomberg Commodity Index (BCOM), which measures price changes in crude oil, natural gas, gold, corn…

The real adoption of Bitcoin salaries

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Are cryptocurrency wages an idea whose time has come? Maybe not. It’s one thing, after all, to dabble in Bitcoin (BTC) with one’s excess cash and quite another to take a significant portion of one’s salary in BTC.  Moreover, there are often tax and custody questions about crypto, as well as concerns about price volatility. There’s the matter, too, that few actual items and services can be purchased at present with cryptocurrencies. It’s not surprising, then, that aside from some celebrity athletes like Tom Brady and Aaron Rodgers and some…

Binance.US Voluntarily Delists Cryptocurrency SEC Deems Security

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On Monday, Binance.US announced that it was in the process of delisting AMP, which had been classified as a security by the SEC in a recent insider-trading case involving Coinbase Global. Binance.US stated that will discontinue trading of the AMP token until more clarity around its classification materializes. In an effort to demonstrate its willingness to be regulatorily compliant, the world’s biggest cryptocurrency exchange by market volume’s U.S. arm, Binance.US has voluntarily delisted one of the cryptocurrencies singled out as a security by the U.S. Securities and Exchange Commission. On…

Canadian taco franchise uses NFTs for customer loyalty program

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With 19 locations across Canada and a plan for expansion into the United States, this $6 million taco franchise wants to capitalize on their growing customer base. The collection, Tenacious Tacos, allows holders to receive both Web3 and real benefits. Moreover, for those who wish, they can stake their nonfungible tokens (NFTs) to earn additional digital rewards. According to the official statement, staked Tenacious Tacos can be redeemed for rewards such as the chance to win a lifetime of free food or monthly payouts in ETH/WETH. Previously Landry’s restaurant group,…

GitHub faces widespread malware attacks affecting projects, including crypto

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Major developer platform GitHub faced a widespread malware attack and reported 35,000 “code hits” on a day that saw thousands of Solana-based wallets drained for millions of dollars. The widespread attack was highlighted by GitHub developer Stephen Lucy, who first reported the incident earlier on Wednesday. The developer came across the issue while reviewing a project he found on a Google search. I am uncovering what seems to be a massive widespread malware attack on @github. – Currently over 35k repositories are infected– So far found in projects including: crypto,…

A decentralized future for fans and Hollywood – Cointelegraph Magazine

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The traditional film industry is one of the most centralized and traditional of them all. Just a handful of movie studios and streaming conglomerates control the lion’s share of the global film market.  But nonfungible tokens (NFTs) and a growing crypto-centric community of enthusiastic filmmakers might just disrupt the industry.  Some independent projects offer a glimpse into Web3 filmmaking, while others provide a window into distribution. Decentralized streaming also demonstrates what community-based film development and exhibition might look like in the not-so-distant future. Thanks to the popularity of NFTs, the…