Month: September 2022

The Ethereum Merge: Why Crypto World Is So Excited | Tech News Briefing Podcast | WSJ

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The crypto platform Ethereum is preparing for a major system overhaul aimed at reducing the amount of electricity the network uses. But the update could lead to other changes to how Ethereum works. WSJ cryptocurrency reporter Paul Vigna joins host Zoe Thomas to discuss why the change is being implemented and what it could mean for the network. Photo: Dado Ruvic/Reuters For more episodes of WSJ’s Tech News Briefing:  Visit the WSJ Podcast Center: More from the Wall Street Journal: Visit WSJ.com:…

Bitcoin Profitability Jumps As Price Adds $1,500 In 24 Hours

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  Bitcoin has seen an incredible 24 hours after the price of the digital asset added more than $1,500. This jump in price has come with a number of positive implications, including the profitability for investors who are holding the cryptocurrency. Where less than half of all investors had been in profit when BTC had declined below $19,000, the recent recovery has pushed the percentage upwards once more. 50% Are In Profit According to data from IntoTheBlock, half of all bitcoin investors are currently recording profit at current prices. The…

Digital Assets Exchange Crypto.com Rolls Out Support for New NFT Platform’s Native Token

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Singapore-based digital assets exchange Crypto.com is adding support for the native asset of a new non-fungible token (NFT) platform. The exchange’s customers can now trade the native token of Minted (MTD) a Cronos Labs startup that allows users to list and purchase more than 10 million NFTs on the Cronos (CRO) and Ethereum (ETH) blockchains. Cronos powers the Crypto.com payment, trading and financial services platform, and Minted launched its commercial platform in August in partnership with the exchange. The NFT collections launched on Crypto.com/NFT and minted on Cronos will be…

Quentin Tarantino settles Miramax lawsuit over Pulp Fiction NFTs

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Miramax sued the director in November last year after the base-layer blockchain provider Secret Network announced the auction of “uncut screenplay scenes” from the 1994 film as NFTs. The film studio claimed to own all rights to “Pulp Fiction,” except for those reserved for Tarantino, which excluded nonfungible tokens. The company was developing its own NFT strategy at the time. In a statement, the studio’s attorney Bart Williams wrote: “This one-off effort devalues the NFT rights to “Pulp Fiction,” which Miramax intends to maximize through a strategic, comprehensive approach.” On…

Bank of Russia to Promote Digital Ruble in Foreign Trade as Finance Ministry Pushes for Crypto Option – Finance Bitcoin News

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Days after the two institutions agreed on the need for cross-border crypto payments, the finance ministry and the central bank of Russia are once again highlighting their different priorities. While the treasury department aims for legalizing cryptocurrency payments in the coming months, the monetary authority says it will “actively promote” its digital currency for international settlements. Bank of Russia Seeks to Impose Digital Ruble for International Settlements The Central Bank of Russia (CBR) will “actively promote” the employment of the digital ruble in cross-border payments, its Governor Elvira Nabiullina stated…

Dubai grants regulatory approval for Blockchain.com office: Report

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Blockchain wallet and cryptocurrency exchange platform Blockchain.com has reportedly secured regulatory approval from Dubai’s Virtual Assets Regulatory Authority, or VARA. According to a Friday report from Reuters, VARA signed an agreement which will allow Blockchain.com to open an office in Dubai. The crypto firm currently operates several offices in North America, Europe, South America, and Singapore. Great work by the team here – Dubai ✅✅https://t.co/8nQm8w8y3g — Peter Smith (@OneMorePeter) September 9, 2022 Since Dubai’s prime minister and ruler Sheikh Mohammed bin Rashid Al Maktoum announced the establishment of the crypto…

MicroStrategy Files to Sell Up to $500M of Stock to Fund Bitcoin Purchases

MicroStrategy’s stock has, as a result, become tethered to the price of bitcoin – resulting in a $1.2 billion loss on the bitcoin bet given this year’s plunge. But the shares surged 12% Friday as bitcoin jumped almost 10%. The stock fell about 1.5%, though, in after-hours trading following the announcement of the stock offering, which will dilute the value of existing shares. Source

ApeCoin Breaks Out With Degen Play Activated, Can $7.5 Be The Target?

The price of ApeCoin (APE) has recently struggled against tether (USDT) after seeing its price rejected from $7.5. Bitcoin’s (BTC) price showed some great strength bouncing off from a low of $18,500 to a high of $21,000. This movement has affected other altcoins as most cryptocurrencies produce double-digit gains, including ApeCoin (APE). (Data from Binance) ApeCoin (APE) Price Analysis On The Weekly Chart  The price of APE has had a difficult time replicating its bullish move that saw the price rally to $7.5 in recent months as the price rallied…