Month: August 2022

Paypal adds to list of crypto heavy hitters on the TRUST network

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Crypto-friendly digital payments giant Paypal has been added to the Travel Rule Universal Solution Technology (TRUST) network, joining a host of big names in crypto that have moved to comply with digital asset travel rules. The announcement comes two months after the payments giant rolled out infrastructure enabling users to transfer, send and receive digital assets between PayPal and other wallets and exchanges in June this year. Prior to that, users were only able to buy and sell crypto within Paypal following the firm’s initial jump into the sector in…

IMPACT on CRYPTO MARKET because of LUNA | CRYPTOCURRENCY

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #CRYPTO #CRYPTOCURRENCY #LUNA We all saw what happened to Luna yesterday infact since last one week, now that Luna has been delisted from many Crypto Exchange worldwide the impact is not over. There is more to the news than just getting delisted in exchanges. It leaves us with many questions: – What will happen to other Crypto – Will other Crypto’s go to zero – Luna impact on Crypto Market – Terra future – Altcoins Future – Bitcoin future – Can bitcoin…

Ethereum Price Lost 20% Weekly, What’s The Key Support Now?

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Ethereum price has witnessed a tough time lately, the altcoin logged heavy losses over the past one week. Broader market weakness could be blamed for the coin’s current price momentum. Bitcoin slid on its chart and was trading at $21,000 at the time of writing. Other altcoin also depreciated following BTC’s price action. Over the last 24 hours, Ethereum price fell by 4%. It has been a consistent downtrend after the coin lost the $2,000 price mark. The technical outlook for Ethereum price was also bearish as sellers had taken…

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USDC Whale Holdings Percentage Hits A Two-Year Low

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The continuous price fluctuations in the crypto market considerably impact the Circle’s stablecoin, USD Coin (USDC). The recent performance of its whales’ addresses is making a more southern move. USD Coin records a drop of almost a two-year low in its primary wallet addresses. According to data from Glassnode, a crypto analytics company, USD Coin metrics are becoming less impressive. For example, the stablecoin had recent sell-offs and drops that cut down its market cap. A report on the second-largest stablecoin by market cap revealed that the US Treasury Department’s…

IMF Sees Significant Increase in Correlations Between Bitcoin and Asian Equity Markets – Markets and Prices Bitcoin News

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Officials at the International Monetary Fund (IMF) say that the correlation between the performance of the Asian equity markets and crypto assets such as bitcoin and ethereum has increased significantly. IMF Staff on Crypto and Correlation to Asian Equities The International Monetary Fund (IMF) published a blog post on Monday on cryptocurrency regulation and how crypto is now “more in step with Asia’s equities.” Anne-Marie Gulde-Wolf, deputy director of IMF’s Asia and Pacific Department, Nada Choueiri, the mission chief for India, and Tara Iyer, an economist in the global financial…

Bitcoin won’t hedge inflation until it hits 1B wallets: Scaramucci

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Skybridge Capital CEO Anthony Scaramucci believes that while Bitcoin continues to be an attractive asset, it has not reached the “wallet bandwidth” that is required for it to be considered an inflation hedge.  Speaking on CNBC’s Squawk Box on Aug 22. the global investment management CEO said Bitcoin was still too much of “an early adopting technical asset” which would need to be held in around a billion wallets before it would begin to act as a hedge against inflation. “Until you get into the billion, billion-plus zone, I don’t…

Telegram founder suggests ‘NFT-like smart contracts’ to auction usernames

Pavel Durov, the founder of encrypted messaging app Telegram, has floated the idea of a marketplace that could utilize “NFT-like smart contracts” to auction highly-sought after usernames.  Durov made the suggestion after the “success” of domain name auctions by The Open Network (TON), a layer-1 blockchain originally designed by the Telegram team. The blockchain project launched the TON DNS service enabling users to assign human-readable names to crypto wallets, smart contracts, and websites in mid-July. In a message to his personal Telegram group named “Durov’s Channel” on Aug. 23, he…

Crypto security experts raking in $430K salaries amid spike in hacks

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The rise of crypto hacks over 2022 has skyrocketed demand for blockchain security experts, with some auditors making upwards of $430,000 per year. Speaking with Cointelegraph, blockchain recruitment firm CryptoRecruit founder Neil Dundon said that while security audit services have long been in demand, the rise of decentralized-finance (DeFi) protocols has opened up opportunities for auditors to review potentially vulnerable smart contracts: “There’s always been a demand for security auditors […] But since DeFi apps have been out there, there has been quite a big increase in demand for security…