Month: August 2023

Crypto firm Helio Lending gets bond sentence over false license claims

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Australia-based crypto lender Helio Lending has been sentenced to a non-conviction good behavior bond for a year for falsely claiming it had a local credit license. On Aug. 17, the Australian Securities and Investments Commission (ASIC) said Helio was sentenced to the good-behavior bond for a year, having to pay $9,600 (15,000 Australian dollars) if broken. Good behavior bonds are often granted for less serious offenses. A non-conviction good behavior bond will mean Helios will only be convicted if it breaks its bond, and will have to pay the $9,600.…

BitGo valued at $1.75b after $100m funding round

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Palo Alto-based security infrastructure and custodian firm, BitGo, secured a $100 million Series C funding round. This put the company at a $1.75 billion valuation. According to the press release, despite the regulatory differences, BitGo is already regulated in 50 countries. The US-based firm, founded in 2013, witnessed its clients rise by 60% in 2023 while its assets under custody (AUC) grew by 20%.  Moreover, BitGo’s staked assets also rose 40 times. The digital asset…

XRP Price Crashes Over 20%, Why Breakdown Looks Real Deal

Ripple’s token price is down over 20% against the US Dollar. XRP price is gaining bearish momentum and might revisit the $0.40 zone. Ripple’s token price is moving lower from the $0.620 resistance against the US dollar. The price is now trading below $0.55 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.585 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might continue to decline toward the $0.42 and $0.40 levels. Ripple’s Token…

Ethereum Price Trend Overwhelmingly Negative As Bears Aim $1,500

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Ethereum price declined heavily below $1,800 and $1,700 against the US Dollar. ETH could resume its decline and test the $1,500 support zone. Ethereum is gaining bearish momentum below the $1,750 and $1,800 resistance levels. The price is trading below $1,750 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $1,750 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its decline and visit the $1,500 support in the near term. Ethereum Price Nosedives Ethereum’s price started…

NFT marketplace OpenSea to disable royalty enforcement tool

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Nonfungible token (NFT) marketplace OpenSea is sunsetting its on-chain royalty enforcement tool — Operator Filter — that allows creators to blacklist NFT marketplaces that don’t enforce royalties. The change is set to take effect on Aug. 31, according to an Aug. 17 statement by OpenSea founder and CEO Devin Finzer. The Operator Filter feature was first introduced in November 2022 and was described as a “simple code snippet” that could restrict NFT sales to only marketplaces that enforced creator fees. Starting Aug 31, we’ll:– Sunset the OpenSea Operator Filter– Move…

Bitcoin Price Nosedives and Turns Attractive To Sellers On Recovery

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Bitcoin price tumbled below the $28,400 support. BTC tested $24,800 and is currently attempting a recovery wave toward $27,000. Bitcoin is down over 6% and trading below the $27,000 support zone. The price is trading below $26,800 and the 100 hourly Simple moving average. There are two bearish trend lines forming with resistance near $27,500 and $28,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down and trade below the $25,800 support. Bitcoin Price Breaks Support Bitcoin price started a…

Why did Bitcoin drop? Analysts point to 5 potential reasons

Elon Musk’s SpaceX reportedly selling its Bitcoin (BTC) holdings, the bankruptcy of a Chinese property giant and fears of interest rate hikes have been among the theories raised as to Bitcoin’s freak price dip. On Aug. 18 around 9:35 pm UTC, the price of Bitcoin suddenly plummeted over 8% in a span of 10 minutes, taking with it the wider cryptocurrency market, leaving many in the crypto community scratching their heads. the fuck was that? pic.twitter.com/Lh2zGXv29n — Molly White (@molly0xFFF) August 17, 2023 While there appears to be no consensus…

Price Suffers 26% Plunge Amid Airdrop Claim Expansion

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Sei, a specialized trading network within the Cosmos ecosystem, has recently recorded a significant downward trend.  Notably, on a day rife with anticipation, the price of Sei plunged by more than 20%, plummeting from its initial spike above $0.28 to somewhere below $0.18. This decline coincided with the Sei Foundation’s decision to open airdrop claims, arguing free tokens are often distributed to early participants or testers of a new crypto project. Airdrop Details And The Impact On Sei’s Price The crypto community has since waited with bated breath for the…

Blockchain Gaming Integration Begins: Grand Theft Auto Creator Take-Two Takes The Helm

According to a recent report by the gaming news outlet Game Is Hard, Take-Two Interactive Software, the renowned publisher of the popular video game franchise “Grand Theft Auto,” has made a significant foray into the blockchain gaming industry.  The company recently unveiled its blockchain-based game, “Sugartown,” built on Ethereum. This move by Take-Two is viewed as a notable endorsement of the potential of blockchain gaming, which has long been anticipated to drive mainstream adoption of cryptocurrencies.  The Blockbuster Meets Blockchain Take-Two’s decision to embrace blockchain gaming represents a significant step…

Stellar unveils open-source global payment service

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Stellar launched the Stellar Disbursement Platform (SDP) — an open-source global payment service. In its Aug. 16 announcement, Stellar explained that SDP can help with tasks ranging “from paying gig workers anywhere in the world to delivering digital aid’.” The tweet promises that the tool allows anyone to pay with cryptocurrency globally and that the solution is specialized in bulk disbursement. 1/ Today, we’re excited to share the open-source release of the Stellar Disbursement Platform. From…