Month: August 2022

Bear Market? Taxes? Crypto’s Allure in India Grows, KuCoin Survey Finds; Bitcoin Continues Holding Pattern Over $21K

Bitcoin and ether traded sideways. Bitcoin was recently changing hands at about $21,500, up a few fractions of a percentage point over the past 24 hours. After plunging late last week, the largest cryptocurrency by market value has been stubbornly clinging to its handhold above $21,000 amid largely tepid trading as investors wait for more clarity about the U.S. central bank’s monetary policy going forward. Source

What is Web3, and is it the future of the internet?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Some crypto enthusiasts want a new kind of internet that yanks power away from Big Tech and hands it to people. Can they succeed? — Remember AOL chatrooms and downloading songs through Napster? The internet has come a long way. Today, it’s dominated by Meta, Google and a handful of other tech giants whose services have made it easier for billions of people to communicate and share content online. But at what cost? “If something is free, you are the product,” so…

Largest Southeast Asian Bank DBS Sees Crypto Trading Volumes Soar as Investors Bought the Dip – Exchanges Bitcoin News

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DBS, the largest bank in Southeast Asia, says that it has benefited from the recent crypto market sell-off. The trading volume of its crypto exchange nearly doubled in July, compared to April. The quantity of bitcoin bought on its exchange grew nearly four times during that time period. DBS Crypto Customers Bought the Dip DBS, the largest bank in Southeast Asia by assets, announced Monday that DBS Digital Exchange (Ddex) has benefited as crypto investors sought safety amid market volatility. DBS, headquartered and listed in Singapore, has a presence in…

Raoul Pal – This Is Going to Blow Up Ethereum To Another Level!

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GameFi developers could be facing big fines and hard time

Are cryptocurrency games innocent fun? Or are they Ponzi schemes facing an imminent crackdown by regulators in the United States? Tokens related to cryptocurrency games — known colloquially as “GameFi” — were worth a cumulative total of nearly $10 billion as of mid-August, give or take a few billion. (The number may vary depending on whether you want to include partially finished projects, how you count the number of tokens that projects technically have in circulation, and so on.) In that sense, whether the games are legal is a $10…

GameFi developers may be facing big fines and hard time if they don’t speak up

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Are cryptocurrency games innocent fun? Or are they Ponzi schemes facing an imminent crackdown by regulators in the United States? Tokens related to cryptocurrency games — known colloquially as “GameFi” — were worth a cumulative total of nearly $10 billion as of mid-August, give or take a few billion. (The number may vary depending on whether you want to include partially finished projects, how you count the number of tokens that projects technically have in circulation, and so on.) In that sense, whether the games are legal is a $10…

Why Ethereum Is An Attractive Investment Right Now

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Ethereum has been stealing more market share from bitcoin over the last couple of weeks. This is a result of the Merge announcement that took the space by storm about a month ago. Since then, interest in Ethereum has skyrocketed. But with the decline in price, investors are becoming warier about investing in the market. However, that does not mean that Ethereum is no longer a good buy. The Upcoming Merge For many, the news of the Merge is one that has been a long time in the making. This…

Das ist KRASS für Krypto! Coinbase & Blackrock? (XRP) SEC macht sich mal wieder lächerlich? (NEWS)

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Crypto Exchange Coinbase Introduces Liquid Staking Token Before Ethereum Merge

Coinbase is hoping to spur massive adoption of the token, which will have several uses, after the Merge. “Our hope is that cbETH will achieve robust adoption for trade, transfer, and use in DeFi [decentralized finance] applications,” according to the whitepaper. “With cbETH, Coinbase aims to contribute to the broader crypto ecosystem through creating high-utility wrapped tokens and open sourcing smart contracts,” the whitepaper added. Source

Most NFT Projects ‘Convey No Actual Ownership’: Galaxy Digital Research

Of the estimated top 25 NFT projects Galaxy Digital considered, the company found that there was only one project, World of Women (WoW), that “even attempts to give true ownership for the underlying artwork,” to token holders. But, according to the report, it is still unclear if the original issuer of a WoW NFT would need to transfer the IP address to a secondary buyer if they were to sell on another marketplace, such as OpenSea. Source