“Data suggests that long volatility strategies have been deployed extensively over the weekend after the price crashed below the $25,000 level,” the analysts wrote. “In turbulent times, traders might expect high volatility to continue and use options strategies (like straddles or strangles) to profit from this.” Source
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Research commissioned by the ICO reveals that 29% of 18-34-year-olds received unwanted contact after giving their personal information to a business. 66% of the public believes it is not morally right to use personal details given for business purposes for romantic or sexual propositions. Only 5% believe it to be morally right. “It is against the law.” – ICO takes steps to combat “text pests”, contacting major delivery companies to emphasise of legal obligations. The Information Commissioner’s Office (ICO) has today launched a call for victims of so-called ‘text pests’…
Layer-1 blockchain Terra has temporarily shut down its website in order to protect users from ongoing phishing scams on the platform. “The terra(dot) money domains have successfully been frozen to prevent further user phishing scams, but a full resolution is still underway,” Terra officially announced on X (formerly Twitter) on Aug. 22. Terra advised all users to avoid engaging with any sites under the aforementioned domain until the foundation posts an official “all-clear” notice from this account. “Our team has been working around the clock to rectify this issue, but…
” … startups and businesses globally are going through challenging times due to tough macro conditions, more so in crypto because of the prolonged bear market and impact of TDS (tax deducted at source) on domestic exchanges,” the company said. “These factors had a significant impact on our volumes and thus revenues … we have made the difficult decision to resize certain teams and to steer the business towards a profitable and sustainable growth.” Source
The South Korean city of Cheongju, the capital of North Chungcheong province, has said it intends to begin confiscating cryptocurrency from local tax delinquents. The administration of Cheongju has requested seven South Korean crypto exchanges to inquire into holdings of thousands of tax evaders, the local news agency Yonhap reported on Aug. 22. City authorities reportedly ordered trading platforms like Upbit and Bithumb to inquire into crypto assets of 8,520 users who owe at least 1 million won ($750) in local taxes. Following the inquiry, Cheongju authorities plan to confiscate…
Bybit, the world’s third most visited crypto exchange, has partnered with the American University of Sharjah (AUS) to award scholarships of around $272,000 (AED 1 million) to high-achieving students. Bybit partners with AUS The scholarship initiative follows Bybit’s partnership with AUS, which was unveiled earlier this year in June. The initial memorandum signed between the entities was to support 20 students in their academic and research efforts towards fintech development. The scholarship supported a total of 38 recipients, which involved 29 currently enrolled students, and 9 new first-time students. Dr…
Polygon (MATIC) has entered a phase of consolidation, hovering just above the crucial $0.50 mark. The coin’s recent retracement to June lows has garnered significant attention from bullish investors, even as the broader crypto market remains hounded by uncertainties and price plunges. With the cryptocurrency market experiencing a notable downturn over the past week, Polygon’s native token, MATIC, has not escaped unscathed. The token’s value has witnessed a decline of nearly 19% over the span of seven days, further amplified by a 4% drop in the last 24 hours alone.…
YouTube released its “principles” for working with players in the music industry on artificial intelligence (AI) technology, on Aug. 21. The CEO of YouTube, Neal Mohan, outlined in a blog post that now is a critical time to “ boldly embrace this technology with a continued commitment to responsibility.” Mohan said he has been in close contact with partners in the music industry, including Universal Music, to create a framework with three major principles surrounding AI to work toward “common goals.” “These three fundamental AI principles serve to enhance music’s…
The Sultanate of Oman has launched a new cryptocurrency mining center, the second mining facility to open in the country in the past 10 months. According to a local publication, the Oman Daily Observer, a data hosting and cryptocurrency mining center, was opened in the Salalah Free Zone, which is a special economic zone in the country with low corporate taxes. A local company, Exahertz, will run the center in cooperation with Dubai-headquartered blockchain company Moonwalk Systems. The center reportedly cost 135 million Omani rials (roughly $350 million) to construct, and…