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  • Cash App’s Bitcoin Revenue Grew 119% in 2021, Gross Profit From BTC Rose 124% Updates
  • US Lawmaker: FTX Collapse Isn’t a Crypto Failure — It’s a Failure of SEC, Bankman-Fried, Centralized Finance Updates
  • Want to Dodge Your Crypto Tax? Learn the Risks From Koinly Updates
  • Metaverse Project GensoKishi Online Holds 2nd NFT Auction Press Release
  • Spanish Soccer First Division Laliga to Be Featured in Decentraland’s Metaverse Updates
  • Global Pets World: An Experience for Pet Owners in the Real World and the Metaverse Press Release
  • Russian IT Firms Lobby for Crypto Payments in Software Exports Updates
  • India to Finalize Stance on Legality of Cryptocurrency by Q1 2023: Report Updates

Opensea Cuts 20% of the NFT Market’s Staff, Citing ‘Crypto Winter’ and ‘Macroeconomic Instability’

Posted on July 19, 2022July 19, 2022 By Sathya Shankar No Comments on Opensea Cuts 20% of the NFT Market’s Staff, Citing ‘Crypto Winter’ and ‘Macroeconomic Instability’
Opensea Cuts 20% of the NFT Market’s Staff, Citing ‘Crypto Winter’ and ‘Macroeconomic Instability’

The largest non-fungible token (NFT) marketplace by trade volume, Opensea, has announced the company has let 20% of its staff go after CEO Devin Finzer said the layoffs were due to a combination of “crypto winter and broad macroeconomic instability.” Opensea’s decision follows the startup surpassing $31 billion in all-time NFT sales volume, and the…

Read More “Opensea Cuts 20% of the NFT Market’s Staff, Citing ‘Crypto Winter’ and ‘Macroeconomic Instability’” »

Updates

Bitcoin, Ethereum Technical Analysis: ETH Nears $1,500, Following Strong Weekend Gains

Posted on July 19, 2022July 19, 2022 By Sathya Shankar No Comments on Bitcoin, Ethereum Technical Analysis: ETH Nears $1,500, Following Strong Weekend Gains
Bitcoin, Ethereum Technical Analysis: ETH Nears $1,500, Following Strong Weekend Gains

Ethereum was once again higher on Monday, as prices of the token moved towards $1,500 following recent gains. Bitcoin was also in the green, as prices climbed close to a one month high, after surging above $22,000 to start the week. Bitcoin Bitcoin (BTC) was in the green to start the week, as the weekend’s…

Read More “Bitcoin, Ethereum Technical Analysis: ETH Nears $1,500, Following Strong Weekend Gains” »

Updates

Bitcoin Treasuries Records Show $2.1 Billion in BTC Was Erased From Balance Sheets

Posted on July 19, 2022July 19, 2022 By Sathya Shankar No Comments on Bitcoin Treasuries Records Show $2.1 Billion in BTC Was Erased From Balance Sheets
Bitcoin Treasuries Records Show $2.1 Billion in BTC Was Erased From Balance Sheets

During the 12 months, public companies, private companies, exchange-traded funds, and even countries have added bitcoin to their balance sheets. As of July 17, 2022, the aforementioned types of entities hold approximately 1,325,396 bitcoins worth $27.84 billion today. However, the number of coins stored in bitcoin treasuries has dropped since June 5, 2021, by approximately…

Read More “Bitcoin Treasuries Records Show $2.1 Billion in BTC Was Erased From Balance Sheets” »

Updates

Biggest Movers: MATIC Climbs 20% to Hit 2-Month High, as AVAX Nears 6-Week Peak

Posted on July 19, 2022July 19, 2022 By Sathya Shankar No Comments on Biggest Movers: MATIC Climbs 20% to Hit 2-Month High, as AVAX Nears 6-Week Peak
Biggest Movers: MATIC Climbs 20% to Hit 2-Month High, as AVAX Nears 6-Week Peak

Polygon was up by nearly 20% to start the week, as the token rallied to its highest level since May. Today’s surge comes as crypto markets were mostly in the green, with avalanche also hitting multi-week highs, and as of writing, is up by over 10% on the day. Polygon (MATIC) Polygon (MATIC) was one…

Read More “Biggest Movers: MATIC Climbs 20% to Hit 2-Month High, as AVAX Nears 6-Week Peak” »

Updates

Jed McCaleb’s ‘Tacostand’ XRP Wallet Is Near Empty, After the Ripple Co-Founder Transferred 9 Billion XRP Over the Years

Posted on July 19, 2022July 19, 2022 By Sathya Shankar No Comments on Jed McCaleb’s ‘Tacostand’ XRP Wallet Is Near Empty, After the Ripple Co-Founder Transferred 9 Billion XRP Over the Years
Jed McCaleb’s ‘Tacostand’ XRP Wallet Is Near Empty, After the Ripple Co-Founder Transferred 9 Billion XRP Over the Years

Last month, it was reported that the co-founder of Ripple, Jed McCaleb was close to emptying his xrp wallet that held 81 million tokens worth $26 million. Following a transaction that saw 3,898,451 xrp transferred out of the address, McCaleb’s wallet is now close to being empty as there’s only 47.6912 xrp worth $17 stored…

Read More “Jed McCaleb’s ‘Tacostand’ XRP Wallet Is Near Empty, After the Ripple Co-Founder Transferred 9 Billion XRP Over the Years” »

Updates

Report: Bank of Spain Worried About Inflation and Its Consequences in Latam

Posted on July 19, 2022July 19, 2022 By Sathya Shankar No Comments on Report: Bank of Spain Worried About Inflation and Its Consequences in Latam
Report: Bank of Spain Worried About Inflation and Its Consequences in Latam

The Bank of Spain has issued a new report about the performance of Latam economies during the first six months of the year. The document states that the current inflationary development that several countries of the region have can lead to institutional instability, even as the region is still recovering from the Covid-19 pandemic. Bank…

Read More “Report: Bank of Spain Worried About Inflation and Its Consequences in Latam” »

Updates

Tony Hawk Partners With the Sandbox to Open a Skate Park in the Metaverse

Posted on July 19, 2022July 19, 2022 By Sathya Shankar No Comments on Tony Hawk Partners With the Sandbox to Open a Skate Park in the Metaverse
Tony Hawk Partners With the Sandbox to Open a Skate Park in the Metaverse

Tony Hawk, one of the most popular skateboarders in the world, is planning to build a skateboard park in the metaverse. The initiative, which will be completed in partnership with The Sandbox and Autograph, will also create voxel representations of the skateboarder as NFTs, that will be able to be used in The Sandbox metaverse…

Read More “Tony Hawk Partners With the Sandbox to Open a Skate Park in the Metaverse” »

Updates

Dutch Central Bank Fines Crypto Exchange Binance $3.4 Million Citing ‘Very Serious’ Violations

Posted on July 19, 2022July 19, 2022 By Sathya Shankar No Comments on Dutch Central Bank Fines Crypto Exchange Binance $3.4 Million Citing ‘Very Serious’ Violations
Dutch Central Bank Fines Crypto Exchange Binance $3.4 Million Citing ‘Very Serious’ Violations

The Dutch central bank has fined cryptocurrency exchange Binance 3.325 million euros for offering crypto services in the Netherlands without the legally required registration. Binance has appealed against the fine and has now submitted an application to register with the central bank. Binance Fined by Dutch Regulator The Dutch central bank, De Nederlandsche Bank (DNB),…

Read More “Dutch Central Bank Fines Crypto Exchange Binance $3.4 Million Citing ‘Very Serious’ Violations” »

Updates

US Senator Says Too Many Crypto Firms Are Able to Scam Customers — Urges SEC to Regulate

Posted on July 19, 2022July 19, 2022 By Sathya Shankar No Comments on US Senator Says Too Many Crypto Firms Are Able to Scam Customers — Urges SEC to Regulate
US Senator Says Too Many Crypto Firms Are Able to Scam Customers — Urges SEC to Regulate

U.S. Senator Elizabeth Warren says that “too many crypto firms have been able to scam customers and leave ordinary investors holding the bag while insiders make off with their money.” She stressed the need for stronger rules, urging the Securities and Exchange Commission (SEC) and Congress to take action on crypto regulation. U.S. Senator Says…

Read More “US Senator Says Too Many Crypto Firms Are Able to Scam Customers — Urges SEC to Regulate” »

Updates

Bitcoin, Ethereum Technical Analysis: ETH Surges Past $1,200 as Latest Shadow Fork Goes Live

Posted on July 19, 2022July 19, 2022 By Sathya Shankar No Comments on Bitcoin, Ethereum Technical Analysis: ETH Surges Past $1,200 as Latest Shadow Fork Goes Live
Bitcoin, Ethereum Technical Analysis: ETH Surges Past $1,200 as Latest Shadow Fork Goes Live

ETH was back in the green, as markets reacted to the release of Shadow Fork 9. Bitcoin was well above $20,000 on Friday, as bulls returned to the crypto market following several days of consolidation. BTC was up by over 5% in today’s session, with ETH not only back into the $1,100 region, but above…

Read More “Bitcoin, Ethereum Technical Analysis: ETH Surges Past $1,200 as Latest Shadow Fork Goes Live” »

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