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Day: July 4, 2022

Bitcoin Recovers to Over K; Nomura Warns of US, UK Recession

Bitcoin Recovers to Over $19K; Nomura Warns of US, UK Recession

Nomura warned of a recession in the eurozone, UK and Asia Pacific, which could influence crypto prices. Bitcoin extended its recovery to over $19,000 in European hours Monday after a weekend that saw major cryptocurrencies put up only moderate gains. Ether (ETH) rose 5% in the past 24 hours to trade above $1,100. Solana’s SOL and Cardano’s …

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Are expiring copyrights the next goldmine for NFTs?

Are expiring copyrights the next goldmine for NFTs?

Most people think of digital art when it comes to NFTs, but in the future, expiring copyrights could be preserved, refreshed and repurposed using nonfungible token technology. Although nonfungible tokens (NFTs) are most commonly known in the form of digital art, they exist in many other forms and represent much more than just art. In the creative …

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Another crypto lender Vauld pauses withdrawals as market crash takes its toll

Another crypto lender Vauld pauses withdrawals as market crash takes its toll

KEY POINTS Crypto lender Vauld on Monday paused all withdrawals, trading and deposits on its platform and is exploring potential restructuring options, the company said. Vauld said it is facing “financial challenges” due to “volatile market conditions” which has led to customers withdrawing more than $197.7 million from the platform since June 12. Vauld is the latest …

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Argentines Take Refuge in Stablecoins After Economy Minister Resignation

Argentines Take Refuge in Stablecoins After Economy Minister Resignation

Major crypto exchanges reported that consumers purchased up to three times as many stablecoins over the weekend as they usually do amid a brewing economic crisis. Following the resignation Saturday of Argentina’s economy minister Martin Guzmán amid an economic crisis, Argentines purchased between two and three times as many stablecoins as they do on a …

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Meta signals closure of Novi wallet after a 10-month pilot

Meta signals closure of Novi wallet after a 10-month pilot

Meta’s wallet pilot Novi is set to end in September, with the announcement coming days after Mark Zuckerberg touts Meta Pay on Facebook. Meta’s first foray into the world of cryptocurrencies is set to end in September with the closure of its Novi wallet pilot project. Novi’s website landing page has been revamped to inform pilot users …

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British Army’s Twitter and YouTube accounts hacked to promote cryptocurrency scams

British Army’s Twitter and YouTube accounts hacked to promote cryptocurrency scams

KEY POINTS A hacker, or hackers, took over the Twitter and YouTube accounts of the British Army on Sunday. The army’s Twitter profile was altered to show images of fake NFTs and promote crypto giveaway schemes. Its YouTube account, meanwhile, aired livestreams with clips of Elon Musk and directed users to crypto scam websites. A …

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OpenSea Co-Founder Alex Atallah Sets to Leave Company by the End of July

OpenSea Co-Founder Alex Atallah Sets to Leave Company by the End of July

Alex Atallah, one of the co-founders of OpenSea of the largest Non-Fungible Token (NFT) marketplace in the Web3.0 ecosystem, has announced he will be leaving the company as an active manager by the end of July. Atallah who alongside CEO, Devin Finzer built OpenSea back in 2017 has been a very crucial part of the company’s progress, …

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Colombia to Use Ripple Ledger to Issue Land Registry Certificates

Colombia to Use Ripple Ledger to Issue Land Registry Certificates

The government of Colombia announced a new system that will allow it to use the Ripple Ledger to store and authenticate property titles. The system, which was developed by a third-party company called Peersyst Technology, aims to allow the National Land Agency to issue a record number of land adjudications for citizens. Colombia to Register …

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Ethereum average gas fee falls down to .57, the lowest since 2020

Ethereum average gas fee falls down to $1.57, the lowest since 2020

For nearly two years, between Jan. 2021 and May 2022, the average gas fee required by the Ethereum network was roughly $40, with May 1, 2022 recording the highest average daily gas cost of $196.638. The Ethereum ecosystem’s biggest roadblock to mainstream dominance is often attributed to the extremely high transaction fees — known as …

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Russian Media Censor Roskomnadzor Blocks Major Crypto News Website

Russian Media Censor Roskomnadzor Blocks Major Crypto News Website

Bits.media, a leading news outlet in Russia’s crypto space, has been blocked by Russia’s telecom and mass media watchdog, Roskomnadzor. The site is now inaccessible through most Russian internet providers, the online edition announced, stating it intends to contest the measure. Roskomnadzor Denies Russians Access to Bits.media Crypto news website Bits.media became unavailable to most of its …

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