The digital asset platform was focused primarily on acquisitions and sponsorship deals through the bull market but now seems to have shifted toward expansion, especially in Europe.
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Next Bitcoin bull run to be half story, half utility: Mike Novogratz at Token2049
The next Bitcoin rally will require fast and scalable systems, which the community is yet to build, Galaxy Digital CEO Mike Novogratz.
Crypto exchange Bitkub targeted by Thai SEC with wash trading claims
2022 has proven to be a regulatory disaster for Thailand’s largest crypto exchange as it has faced multiple enforcement actions and fines worth hundreds of thousands of dollars.
MEV bot earns $1M but loses everything to a hacker an hour later
An MEV bot gained massive profits worth $1 million by seizing an arbitrage opportunity. However, it was tricked into authorizing a malicious transaction that drained the funds.
What is necessary for Web3 to fully replace Web2?
Can Web3 replace Web2… and what stands in the way of this happening? We look at some of the biggest challenges facing this burgeoning sector right now.
BTC price stays under $19K amid hopes Q4 will end Bitcoin bear market
Fresh losses are contained only after $2,000 gets wiped from the BTC spot price, with a recovery yet to make an appearance.
BTC price stays under $19K amid hopes Q4 will end Bitcoin bear market
Bitcoin (BTC) hit new weekly lows into Sept. 28 as risk asset drawdown continued overnight.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader: “First new lows” before Q4 recovery
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling to $18,461 on Bitstamp, down almost $2,000 versus the previous day’s high.
The change of direction came in lockstep with stocks, which turned red after initially heading marginally higher at the Wall Street open.
The S&P 500 and Nasdaq Composite Index ultimately finished the day down 0.25% and up 0.25%, respectively.
Crypto, however, failed to recoup its losses, and while hopes were for Q4 to bring about a more solid recovery, traders were betting on the pain continuing first.
BIS marks CBDC pilot as 'successful' with $22M transacted
Over $12 million in value was issued in the pilot with commercial and central banks in Hong Kong, Thailand, the UAE and China taking part.
Bitcoin think tank: Reject CBDCs and look to BTC and stablecoins instead
The paper's authors say Central Bank Digital Currencies are problematic for the future of individual and economic freedom but crypto is a viable alternative.
Bitcoin think tank: Reject CBDCs and look to BTC and stablecoins instead
The paper's authors say Central Bank Digital Currencies are problematic for the future of individual and economic freedom but crypto is a viable alternative.
Fed's Powell: DeFi needs appropriate regulation before expanding to retail
Jerome Powell acknowledged that DeFi will start to reach more retail customers, highlighting the need for regulation.
Pantera CEO bullish on DeFi, Web3 and NFTs as Token2049 gets underway
Pantera CEO Dan Morehead painted an optimistic outlook for the wider cryptocurrency space during a keynote presentation at Token2049 in Singapore.
Pantera CEO bullish on DeFi, Web3 and NFTs as Token2049 gets underway
Pantera CEO Dan Morehead painted an optimistic outlook for the wider cryptocurrency space during a keynote presentation at Token2049 in Singapore.
Pantera CEO bullish on DeFi, Web3 and NFTs as Token2049 gets underway
Pantera CEO Dan Morehead painted an optimistic outlook for the wider cryptocurrency space during a keynote presentation at Token2049 in Singapore.
Wintermute inside job theory 'not convincing enough' —BlockSec
The theory is “not convincing enough to accuse the Wintermute project,” wrote BlockSec, as it highlighted that Wintermute’s actions during the hack made sense given the circumstances.
3 'blockbuster' titles that could save GameFi — ABGA President
To attract more users and make blockchain gaming more mainstream, Kevin Shao says future titles should find a “balance” between and accommodate different users' tastes.
Anonymous makes numerous allegations against Yuga Labs and its Bored Ape Yacht Club
The Internet hacktivist group called on high-profile celebrities and big brands to speak up and take a stand.
Anonymous makes numerous allegations against Yuga Labs and its Bored Ape Yacht Club
The Internet hacktivist group called on high-profile celebrities and big brands to speak up and take a stand.
UFC fighter El Ninja to become first argentinian athlete paid in crypto
Guido Cannetti, an Argentinian Ultimate Fighting Championship (UFC) fighter, is now the first martial arts athlete in the country to receive 100% of his salary in stablecoins, amid rising inflation and Argentina's economic deteriorating, announced the crypto payroll company Bitwage on Monday.
Dubbed El Ninja, he returns to the Octagon on October 1st in the United States to face the local fighter Randy Costa. According to Bitwage, Guido will receive his payment in USDC stablecoin via the Stellar Network on Vibrant, a wallet application developed by the Stellar team specifically for Argentines experiencing inflation.
As per official government figures', inflation in the 12 months through August was 78.5% in the country, whereas prices in the first eight months of the year were up 56.4%. Argentina's central bank predicted a 95% inflation rate for the year, while some private analysts forecasted a 100% inflation rate in 2022.
“I am getting paid in USDC because it is safer for my future,” said Cannetti in a statement released by Bitwage, noting that stablecoins will spare him from the volatility and devaluation of local currency.
Among Argentine consumers surveyed by Americas Market Intelligence in April, 51% purchased crypto and 27% regularly bought cryptocurrencies, up from 12% adoption at the end of 2021. Inflation protection is the primary reason for 67% of respondents' purchases of cryptocurrencies.
Tax on income you never earned? It’s possible after Ethereum’s Merge
IRS rules weren’t ready for the Ethereum upgrade. It’s unlikely to become the fiasco that taxpayers experienced when Bitcoin forked in 2017, but there are measures they can take to prepare for whatever the IRS decides.