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Day: August 18, 2022
CFTC Commissioner: Crypto Market Needs Clear Guidelines on Its Regulator
Commissioner Kristin N. Johnson joined CoinDesk TV’s “First Mover,” to discuss the future of cryptocurrency regulation in the U.S. Source
Blockchain venture capital funding down over 43% in July: Report
Typically a lagging indicator of the sector’s health, the explosion of venture funding in the blockchain sector in 2021 and the first half of 2022 appears to be cooling off after seven consecutive sectors of growth. According to Cointelegraph Research, inflows in the blockchain venture capital market have declined by 43% month-on-month in July 2022. The Web3 sector, including GameFi and the Metaverse, continues to command the lion’s share of investor interest. But, the decline in capital inflows should be viewed in context as the numbers are close to the…
Bitcoin ‘liveliness’ lowest since 2021 amid new 5-year BTC hodl record
Bitcoin (BTC) long-term holders are knuckling down as a record portion of the BTC supply stays dormant for years. Data from on-chain analytics firm Glassnode confirms that the percentage of the supply now stationary for at least five years is higher than ever. 2017 BTC buyers not this year’s sellers Bitcoin has recovered almost 40% from its macro lows of $17,600 just two months ago, but for the cryptocurrency’s diamond hands, it has been a non-event. Those who purchased BTC in 2017 or earlier continue to hodl their stake, and…
Mercado Libre introduce su criptomoneda en Brasil con planes de expandirla al resto de América Latina
Mercado Coin podrá ser comercializada en Mercado Pago, la billetera digital de la compañía, con un precio inicial de $0.10, el cual estará sujeto a las condiciones de mercado, dijo Mercado Libre. El servicio fue lanzado en partnership con la compañía cripto Ripio, encargada de la custodia y el exchange Source
Cryptocurrency Market Drains $50B As Bitcoin Touches Weekly Lows
Bitcoin price is falling again after it started making a positive turn at the beginning of July. The entrance into the second half of 2022 seemed to revive most cryptocurrencies. There was a sudden rise in value for several tokens, with the world’s largest crypto asset almost taking the lead. Bitcoin hit the $25,000 level within the past few weeks, but such performance is not sustainable. On consecutive days this week, BTC lost hundreds of dollars in value as the price crawls back to around $23,000. The broader market is…
Helium Developer Nova Labs Buys FreedomFi to Accelerate Push Into Mobile Service
As part of the acquisition, FreedomFi team members will join Nova Labs to lead the future expansion of the network in the mobile space. Source
‘Consumer Business Is Dead’ for Crypto Lender Celsius, Bankruptcy Expert Says
Thomas Braziel, partner at investment firm 507 Capital, joined CoinDesk TV’s “First Mover” to discuss Celsius Network and why its relationship with customers could be over. Source
FLOW Rebounds Following 7-Day Losing Streak – Market Updates Bitcoin News
FLOW was trading higher on Thursday, as the token rallied upward following seven straight days of declines. The surge comes despite the global crypto market capitalization trading 1.14% lower as of writing. Shiba inu fell by nearly 10% in today’s session. FLOW FLOW was one of Thursday’s notable movers, as the token rebounded following seven consecutive days of declines. The drops in price saw FLOW hit a low of $2.54, which has also acted as a recent support point. However, like on August 8, which is the last time prices…
E-Commerce Giant Mercado Libre Introduces Cryptocurrency in Brazil, Plans Wider Latin America Use
“The blockchain technology behind Mercado coin allowed us to develop an open and extremely secure solution,” Guilherme Cohn, senior manager of corporate development, said in a statement. “We continue to follow the evolution of cryptocurrencies and blockchain technology, as we believe in the potential of these tools.” Source