If the metaverse grows, households might rely more on crypto and banks and financial institutions might have greater exposure, Bank of England researchers said. Source
Celsius (CEL) has been rallying in recent times. The native token of the now bankrupt Celsius Network had taken a nosedive when the company had first filed for bankruptcy, but it seems the time is changing with the recent recovery. As Celsius continues with its proceedings, the price of CEL has shot up over the last week, reaching as high as $2. What Is Behind CEL Recovery? The recovery in CEL’s price has obviously come as a surprise to the market. The altcoin had struggled tremendously before finding its footing…
After moving away from Bitcoin (BTC) payments years ago, online forum Reddit now seems to be inching closer to embracing cryptocurrency payments via a new partnership with the FTX exchange. Sam Bankman-Fried’s crypto exchange FTX and Reddit announced in a joint statement on Tuesday that the platform intends to integrate Reddit’s Community Points in the United States, the European Union, Australia and other markets. The partnership features the integration of FTX Pay as a payment and crypto exchange solution to unlock new crypto-enabled perks for Reddit Community Points. Introduced in…
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Cryptocurrency exchange Nuri has filed for insolvency in a Berlin court. Source
Uniswap moved to a one-week low on Tuesday, as crypto markets were mostly in the red during today’s session. The latest red wave in crypto markets comes days after several high profile tokens rose to multi-month highs. Filecoin was one such token, however it too declined today, falling for a third straight day. Uniswap (UNI) Uniswap (UNI) fell to a one-week low on Tuesday, just over ten days after the token was trading above a three-month high. Following a high of $9.84 last Monday July 28, UNI/USD dropped to an…
The growing appeal of Web3 and cryptocurrency creates shockwaves among mainstream users. Initiatives like Invisible College help people better understand this new frontier and its opportunities. A new crypto academy has been launched through a partnership with Nas Academy, which one can only access by holding a Decentralien NFT. Invisible College Teams Up With Nas Academy The Invisible College project has a simple goal: make people more knowledgeable about web3 and the many opportunities this technology represents. That process includes offering educational material regarding learning, investing, and building in a…
On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss the latest updates concerning the recent Solana (SOL) hack. To kick things off, we broke down the latest news in the markets this week: Bitcoin realized price bands form key resistance as bulls lose $24K, significant whale activity between $22,000 and $24,800 adds to the complexity of the current spot market setup. Bitcoin (BTC) consolidated lower on Aug. 9 after familiar resistance preserved a multi-month trading range. When will we finally break out of this price range and…
Pinata has more than 240,000 users worldwide, up from 104,000 users in January, according to the company. Notable partnerships include NFT marketplace OpenSea, fantasy sports company DraftKings, NFT storage provider Protocol Labs, Bored Ape Yacht Club developer Yuga Labs and Autograph, the NFT platform co-founded by National Football League star Tom Brady. Source
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