Day: July 18, 2023

Nearly one-third of bitcoin’s circulating supply possibly lost: report

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Recent data from blockchain analytics company IntoTheBlock indicates that approximately 29% of the total Bitcoin supply, which has remained stagnant for over five years, might be lost forever. Fresh data unveiled by the blockchain analytics firm, IntoTheBlock, reveals that close to 29% of Bitcoin’s total circulating supply might be lost forever, showing no signs of movement for over five years. This highlights an inherent attribute of Bitcoin (BTC) – its scarcity – as only 21 million…

FSB finally publishes global regulatory framework for crypto activities

The Financial Stability Board (FSB) has completed its global regulatory framework for crypto asset activities, aiming to enhance the consistency and comprehensiveness of regulatory and supervisory practices on an international scale.  Built on the principle of ‘same activity, same risk, same regulation,’ this framework establishes a solid foundation for enforcing consistent and comprehensive regulations for crypto asset activities and stablecoins, taking into account the associated risks and fostering responsible developments. Avoiding conflicts of interest On July 17, the Financial Stability Board (FSB), the world’s most known global financial watchdog group,…

Crypto memes can be considered financial promotions, says UK watchdog

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Crypto firms and influencers may need to start slapping disclaimers on crypto memes to stay compliant with advertising laws in the United Kingdom, according to a new proposed guidance from the country’s financial regulator. On July 17, the Financial Conduct Authority (FCA) released a proposed guidance on social media financial promotions which targets promotional memes and financial influencers — “finfluencers.” Too many people across the UK are being shown financial promotions from unsuitable sources. We’ll be ramping up our work to stamp out illegal financial promotions, particularly those found on…

Binance launches Arkham token sale, launch price to be 10X higher

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On July 17, the world’s largest crypto exchange by trading volume, Binance, announced the launch of the arkham (ARKM) token sale on its launchpad, making it the 35th project on the platform. However, ARKM’s launch will be different since there will be mechanisms to “protect investors from volatility.” At the same time, Binance said the launch of the ARKM will be set at $0.50 — 10 times the public sale price — for the first five…

Chainlink launches cross-chain protocol bridging blockchain to TradFi

The development firm behind the Chainlink protocol and its native LINK token has gone live with its cross-chain protocol, aimed at providing interoperability between traditional financial firms and both public and private blockchains. In a July 17 post on the Chainlink blog, Chainlink  Labs’ Chief Product Officer Kemal El Moujahid announced that its Cross-Chain Interoperability Protocol (CCIP) has launched under early access on Ethereum, Avalanche, Polygon, Arbitrum, and Optimism. Developers on these platforms will have access to CCIP on their respective testnets on July 20. 1/ The Chainlink Cross-Chain Interoperability Protocol…

QNT price movement in July, TCRV can rise 40% to $0.025

The cryptocurrency industry offers investment opportunities, but choosing the right token can be difficult. Currently, market analysts are monitoring the price movements of two tokens: quant (QNT) and tradecurve (TCRV). TCRV has been bullish in June and can rise 40% from $0.018 to $0.025. Quant price movement in July In January 2023, QNT prices peaked at $160. However, it fluctuated after that, briefly correcting and rising 10% on Feb. 2. After a volatile Q1 2023, QNT prices dropped to $110 by the end of March 2023. Despite a 20% surge…

Cathie Wood very positive on Coinbase after Ripple court ruling

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Cathie Wood, the founder and CEO of ARK Investment Management, said she remains bullish over Coinbase in light of Ripple’s partial victory over the Securities and Exchange Commission on July 13.  While Wood noted the ruling wasn’t in outright favor of Ripple, she lauded the outcome as “by and large, very positive for [crypto] exchanges.” Wood joins the ranks of crypto industry pundits who have made similar points, arguing that the ruling — which found that XRP (XRP) tokens sold to retail investors on crypto exchanges were not securities —…

HectorDAO affected by Multichain, votes to liquidate $16m in treasury

Hector Network is the latest project to have been affected by the Multichain shutdown. The majority of votes move to liquidate assets  The Hector Network, a team behind a decentralized finance (defi) project on the Fantom ecosystem, is taking steps to prevent further losses following the bridge hack on Multichain. The project put forth a proposal to the decentralized autonomous organization (DAO), suggesting either to liquidate assets in the treasury or to migrate the Hector Network, the assets, and the HEC token to another chain under a different brand. The…