Day: July 6, 2023

Ethereum NFT royalties hit two-year low as Bored Ape floor price falls below 30 ETH

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Royalties earned by nonfungible token (NFT) projects have reached their lowest point in two years, according to a report from blockchain analytics firm Nansen. Data shared with Cointelegraph highlights the low point for NFT royalties before the impact of a recent drop in the floor price of Bored Ape Yacht Club NFTs as well as controversy surrounding the launch of the Azuki Elementals collection. April 2022 saw the peak of NFT royalties, with NFT creators bagging an estimated $75.7 million in royalties in a single week. According to Nansen’s data,…

Binance CEO Changpeng Zhao predicts bitcoin bull run

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent Twitter Space session, Binance CEO Changpeng Zhao, CZ, predicted the upcoming bitcoin bull market. During the ask-me-anything session on July 5, CZ addressed various topics, including BlackRock’s entry into the cryptocurrency market, regulatory actions against Binance, and his forecast for the upcoming bull run. He noted that bitcoin tends to follow four-year cycles and highlighted the significance of the next Bitcoin halving event in 2024. While CZ acknowledged that he couldn’t predict the…

Execs remain positive on long-term prospects amid VC funding downturn

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As crypto prices remain at lower levels, venture capital (VC) funding also recorded one of its worst quarters since 2021. Despite this, executives in the space remain optimistic about the industry’s long-term potential.  Crypto data platform RootData highlighted that the second quarter of 2023 delivered one of the worst performances in terms of crypto fundraising. Compared with the first quarter of 2022, where $12.62 billion were raised across 559 funding rounds, Q1 2023 saw around $2.1 billion across 292 rounds — an 83% decrease in VC investments flowing into the…

Exploring tools like ChatGPT in crypto trading and how investors can ride the AI wave via Fetch and InQubeta presale

Artificial Intelligence (AI) has rapidly transformed various industries, and crypto trading is no exception. AI-powered tools and technologies have the potential to revolutionize the way traders analyze market trends, make informed decisions, and maximize their profits.  We will explore the power of AI tools, such as ChatGPT, in crypto trading and highlight two cryptocurrencies, fetch (FET) and inqubeta (QUBE), that leverage AI to create opportunities investors can consider. AI tools in crypto trading AI tools like ChatGPT have emerged as invaluable resources for crypto traders. They harness the power of…

Binance to deactivate some deposit addresses for wallet upgrade

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Binance cryptocurrency exchange is preparing for another upgrade of its wallet infrastructure, warning users about the upcoming address migration. On July 6, Binance officially announced that it would retire selected deposit addresses in batches as part of a network address migration scheduled for Q3 2023. Binance’s latest wallet upgrade will affect a total of 40 cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), XRP (XRP), Solana (SOL), Monero (XMR), Litecoin (LTC), Dogecoin (DOGE), Cardano (ADA), Polkadot (DOT) and others. In addition to wallet addresses, Binance will also deactivate memos. Also known…

Bitcoin hits new yearly highs as BTC price rebounds to $31.5K

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Bitcoin (BTC) reached new 2023 highs on July 6 as a fresh bounce off key support buoyed bulls. BTC/USD 1-day chart. Source: TradingView Bitcoin analyst warns of “predatory range” Data from Cointelegraph Markets Pro and TradingView showed BTC price action surging through the top of its recent trading range. Analysts had previously reckoned on the largest cryptocurrency dropping further, potentially reaching $28,000 to offer a classic “buy the dip” opportunity. With momentum headed back upward, Michaël van de Poppe, founder and CEO of trading firm Eight, was optimistic. “I hope…

ICO submits Data protection and journalism code of practice to the Secretary of State

The Information Commissioner’s Office (ICO) has published a code of practice about using personal information for journalism (the code), and formally submitted it to the Secretary of State at the Department for Science, Innovation and Technology. The code provides practical guidance on how to comply with data protection law and good practice when personal information is used for journalism. We also published reference notes to support the code, containing more information about the legislation and case law examples. The code is limited to the ICO’s regulatory remit for data protection…

UAE emerges as a pro-Bitcoin mining destination in the Middle East

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The United Arab Emirates (UAE) is gradually solidifying its status as a go-to Bitcoin (BTC) mining destination in the Middle East. The country has established itself as a pro-Web3 destination for crypto-focused companies with over 30 free trade zones and a growing contribution to the Bitcoin mining hash rate. The UAE’s mining journey began with Bitcoin miner Marathon Digital partnering with Zero Two — the digital asset arm of Abu Dhabi’s sovereign wealth fund — in May. The joint venture established two mining sites with a combined 250-megawatt (MW) capacity…

Bittrex Faced Enforcement Action From Florida Regulator OFR Ahead of Bankruptcy

“In response, I explained how the OFR’s examination findings revealed recent conduct by Bittrex Inc. that violated several provisions of chapter 560, Florida Statutes, which indicated an ongoing pattern of noncompliance with our money services business laws, and that it was within our administrative discretion in deciding which legal violations to charge and not charge in our Administrative Complaint,” Greenberg said. Source