Month: July 2023

4 reasons why Ethereum price can’t break $1,970

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Ether (ETH) price faced resistance after hitting the $1,970 level on July 3. A number of factors capped the rally, including higher odds of more interest rate hikes in the coming months and a tighter regulatory cryptocurrency environment. Macro headwinds from the Fed Besides the external factors, the Ethereum network has faced withdrawals from its smart contract applications, which also put the June rally in check. Investors now question whether the tailwinds from Bitcoin’s (BTC) ETF requests have faded, opening room for a correction down to the $1,700 level last…

Bitcoin Price (BTC) Retreats to $30.6K as Blowout ADP Report Strengthens Fed Rate Hike Bets

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The ADP report surprised markets in a big way to the upside, showing 497,000 private-sector jobs added in June, more than double the consensus forecast for 220,000. The data overshadowed a report by the Labor Department that showed modest labor market weakness, with first-time filings for jobless claims rising 248,000 last week, ahead of the forecast for 245,000. Original

Bitcoin Cash Price (BCH) Rises More Than 10%

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Bitcoin (BTC) rallied to a new 13-month high above $31,500 early Thursday morning before a pullback to the current $31,100, up more than 2% for the day. The world’s largest cryptocurrency by market value has traded above $30,000 for a couple of weeks, but has struggled to reach the $32,000 level. “For the bitcoin rally to continue, we will need to get confirmation that the SEC will grant permission for a spot-Bitcoin ETF in the U.S,” said Edward Moya, senior analyst at Oanda. The top gainer among large-cap cryptos on…

Mastercard AI-powered tool to help banks fight fraud

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Mastercard has launched a new artificial intelligence (AI)-power tool which is aimed at helping banks fight payment fraud and scams in real-time prior to any monetary exploits. According to an announcement from the financial services provider on July 5, the ‘Consumer Fraud Risk’ solution’s AI is trained using years of transaction data received in partnership with banks in the United Kingdom.  Through analyzing the data the system is able to predict whether or not a user is attempting a transfer of funds to an account previously associated with “authorized push…

Twitter receives money transmitter licenses in 3 US states

Twitter has recently obtained money transmitter licenses in Michigan, Missouri, and New Hampshire, as confirmed by Nationwide Multistate Licensing System database records. The approved licenses, granted between June 29 and July 3, 2023, demonstrate Twitter’s commitment to meeting the regulatory requirements of these states. The social media platform intends to expand into the realm of payment services. While the licenses in Michigan and New Hampshire are called “Money Transmitter Licenses,” the one in Missouri is called a “Sale of Checks and Money Transmitter License.” However, this naming distinction results from…

Animoca still bullish on blockchain games, awaits license for metaverse fund

Blockchain-based games have been a hot topic in the cryptocurrency space over the past two years, accounting for considerable growth and daily activity on a number of protocols despite prolonged bear market conditions. Market research estimates that Web3 gaming pulled in around $4.5 billion in funding in 2022 as asset managers, investment funds and venture capitalists look to cash in on the burgeoning sector. In an exclusive interview with Cointelegraph, Animoca Brands co-founder Yat Siu highlighted the firm’s renewed optimism in the blockchain gaming sector and gave an update on…

Namibia passes bill to regulate crypto and virtual assets

Namibia has joined other African nations in embracing cryptocurrencies and digital assets with the approval of a bill by the Namibian National Assembly. The bill which was passed on June 22, aims to regulate digital assets, cryptocurrencies and the providers of digital asset services within the country, signaling a positive outlook for the industry. The purpose of the legislation is to establish a framework for licensing and regulating virtual asset service providers. It also aims to designate a regulatory authority responsible for supervising these providers and their activities. The main…

Namibia passes bill to regulate crypto and digital assets

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Namibia has joined other African nations in embracing cryptocurrencies and digital assets by approving a bill in the National Assembly. The bill, which passed Namibia’s lower house of parliament on June 22, aims to regulate digital assets, cryptocurrencies and virtual asset service providers (VASPs) in the country. The legislation aims to establish a framework for licensing and regulating VASPs. It also seeks to appoint a regulatory authority responsible for supervising these providers and their activities. The main objectives include ensuring consumer protection, preventing market abuse, and mitigating the risks of money…

What is Twitter’s rate limit, and can you bypass it?

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Twitter’s rate limit is a tool created to control how their application programming interface (API) is used in order to stop abuse and provide equitable access to resources. It sets restrictions on how many queries a user or application can submit in a certain period of time. This article will shed light on the rationale behind Twitter’s rate limit and how programmers can successfully operate within its limitations. Understanding the Twitter rate limit  Twitter implements rate limits to safeguard the performance and stability of its platform. The rate limit is…