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Month: September 2022
How an aerospace student became a Web3 entrepreneur
A popular adage says that the path to success is not a straight line. Sometimes, it leads to various detours along the way, like learning about developing aircraft, being a writer, keeping an eye on Bitcoin (BTC), and exploring the blockchain space. In a Cryptox interview, Ahmet Usta shared his journey from being fascinated by technology since he was a child to becoming the founder of several successful Web3 projects focusing on blockchain gaming and nonfungible tokens (NFTs). Usta studied aerospace engineering at Istanbul Technical University in Turkey mainly because…
EU Finalizes Legal Text for Landmark Crypto Regulations Under MiCA
A leaked draft of the text, reviewed by CoinDesk, shows the rules could apply to fractionalized NFTs. Source
Blurring the line between crypto and TradFi could redefine global finance
Despite the current struggle in the global economy, the gap between traditional finance (TradFi) and crypto seems to be closing with each passing day. For example, earlier this month, Vienna-based fintech unicorn Bitpanda announced that it was adding commodities to its list of investment options, thus allowing investors to rake in profits from short-term price fluctuations related to traditional instruments such as oil, natural gas and wheat. In a recent interview with Cointelegraph, the company’s CEO, Eric Demuth, noted that the bear market had had no major impact on investor…
BTC, ETH Consolidate as Some Expect Fed to Hike Rates by 1% – Bitcoin News
Bitcoin fell below $19,000 on Wednesday, as markets prepared for a potential 100 basis point interest rate hike from the United States central bank. Although the consensus for a rate increase remains at 0.75%, some believe that with inflation remaining at historically high levels, a 1.00% hike could be on the cards. Ethereum remained lower on the news, trading marginally above $1,300. Bitcoin Bitcoin (BTC) fell below $19,000 earlier in the day, as traders began to prepare for today’s Federal Open Market Committee (FOMC) meeting. Market uncertainty remains rife as…
Indonesia Wants Citizens to Steer Local Crypto Exchanges: Report
The rule would require at least two-thirds of directors and commissioners at domestic crypto exchanges to be Indonesians residing in the country. Source
Digital Dollar Likely Won’t Be Part of Retail Banking World, US Lawmaker Says
I sometimes joke, this is a really interesting and important space, but it was introduced to the Congress in just about the most catastrophic way possible. And, of course, I’m referring to the hearings that the Financial Services Committee held on Libra. Prior to that, I don’t know that many members of Congress had ever even considered the concept of a stablecoin or knew much about digital assets. I sometimes joke that if you had a bunch of evil lobbyists sitting around after a bottle of whiskey and saying, “what’s…
Bitcoin i Kryptowaluty Przed Największym Sprawdzianem 🔴 Uważaj Na Te Wydarzenia w 2022 📈📉
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Bitmain Discounts Bitcoin Mining Machines in an Already Depressed Market
Last year, miners were clamoring to sign advance contracts with Bitmain and its peers, MicroBT and Canaan, as a bull market sent the bitcoin price to a record high, driving up production. Demand has since slowed and the price of rigs has dropped from an average of $68/TH on Jan. 1 to $20.8/TH on Sept. 20, Luxor Technologies data show. Original
Funko Teams Up With Warner Brothers for DC Comics’ NFT Release
Funko’s aim is to “marry the two worlds” of physical and digital collecting, CEO Andrew Perlmutter said in an interview. DC fans who purchase the collectible can connect their crypto wallet and claim the NFT online, minted on the World Asset eXchange blockchain (WAX) – a network that supports 60 million NFTs (including ones issued previously by Funko, Topps, Atari and other mainstream brands) and 30,000 dapps. Source