The British Brexiteer could call on the media and his far-right friends in his debanking fight. But most of us aren’t so lucky. Source
A Bully Pulpit for Debanked Nigel Farage, Crypto for Everyone Else
Month: July 2023
Sui Foundation Dumps MovEX After Contract Violation
Sui Foundation has ended its relationship with the decentralized exchange MovEX following a breach of contract. The foundation alleged that MovEX had released a significant amount of SUI tokens – subject to a contractual lockup – into circulation. Sui Foundation Terminates Relationship With MovEX For Unlocking 2.5 Million Tokens On July 26, 2023, the Sui Foundation released a blog post, explaining the network’s token supply and the essence of its token release schedule. The foundation also announced the termination of its relationship with MovEX after breaching its token lockup contract. …
ETHBTC reacts to tech stocks, USD, and Bitcoin supply changes
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A CME Group report shows that the ETHBTC pair is heavily influenced by various factors, including tech stock performance, the US dollar strength, and Bitcoin (BTC) supply changes. ETHBTC tracks tech stocks Cryptocurrency enthusiasts often monitor the performance of technology stocks as it significantly influences ethereum’s value more than bitcoin’s. According to Erik Norland, a senior economist and executive director at CME Group, ETH is likely to rise against BTC, on days when tech stocks surge. …
Tokenization News Roundup: Avalanche Invests $50M in RWA
Competition among blockchains to grab some of the RWA market, new lending pool from Credix that supports Colombian farmer, the first-ever tokenization under Spain’s new laws, how the U.K’s regulations may lead to the country becoming a tokenization hub, and more for the week ending July 27, 2023. Source
Cryptocurrency Bill Advances Out of U.S. House Agriculture Committee
However, the House Agriculture Committee markup sharply contrasted with the verbal scrum down the hall in the Financial Services Committee Thursday. While the Financial Services Committee saw Democrats argue for more time to work on the bill and shouting on the floor, the Agriculture Committee worked through various amendments, adopting proposals from both Democrats and Republicans. Source
Solana (SOL) Records Positive Moves As Bears Took Control
The crypto market witnessed heightened volatility last week, with most coins observing steep declines. However, today, June 27, the market has registered a slight recovery as most coins posted a few gains, but SOL’s gain is the most notable among all. Solana’s native token, SOL, recorded over 3% price growth over the past 24 hours, while others, like Bitcoin, barely crossed 1%, given the significant increase. The Ethereum killer is now number 9 among the top-gaining coins today. However, considering the steep volatility index, whether SOL bulls can sustain today’s rally…
‘Pro-crypto bill’ passes out of US House Agriculture Committee
Tact was pervasive in the United States House of Representatives Agricultural Committee’s consideration of the Financial Innovation and Technology for the 21st Century Act on July 27. With many references to bipartisanship and self-congratulatory mentions of the members’ cooperation and hard work, the committee plowed through a series of amendments calmly and quickly. The bill, co-written by Republican members of the Agriculture Committee and Financial Services Committee, seeks to create a comprehensive regulatory framework for digital assets. It was debated in the Financial Services Committee along with several other bills…
Worldcoin Could Enable Wider Distribution of Crypto Than Even Bitcoin, Says VC Firm CoinFund
Worldcoin could onboard “billions of users” to crypto markets, said Austin Barack, a partner at CoinFund, in a blog post this week. Prior to the launch, Worldcoin had a little over two million verified users worldwide, and as of the time of writing, 941,000 World App wallets have been created, according to a Dune analytics dashboard on the project. Original
Bitcoin (BTC) to Reach $300K by 2028 Halving, Says Asset Manager Morgan Creek’s CEO
Yusko joins other bitcoin bulls who have recently predicted a higher price for the digital currency. Most recently, British multinational bank, Standard Chartered, predicted that bitcoin could reach $120,000 by the year-end. Meanwhile, Crypto services provider Matrixport, said it sees bitcoin rallying to as high as $125,000 by the end of 2024. Source
PEPE Whales Load Up Their Bags As Memecoin Jumps 13%
Data shows the PEPE whales have been buying the meme coin as its price has observed a sharp 13% rally during the past 24 hours. PEPE Whales Have Bought 1.56 Trillion Tokens During The Last Day After consolidating straight for more than a month, the meme coin based on the popular internet frog avatar finally buckled a few days back and saw a sharp decline, as did others in the sector like Bitcoin and Ethereum. The asset extended this decline in the days that followed, but the downtrend this time…