Regulator, no messing around
Representatives of the European Union Securities and Exchange Regulatory Authority (ESMA) announced that they will monitor the cryptocurrency sector more closely.
They decided to create new measures to control transactions and gave 14 days to the cryptocurrency community to join the discussion of this issue.
What do they want to control?
Cryptographic data, information about spot transactions, transactions with cryptocurrency derivatives.
Maybe they should also say, passport data, email password, mother's maiden name, and the name of the first pet?
Representatives of the European Union Securities and Exchange Regulatory Authority (ESMA) announced that they will monitor the cryptocurrency sector more closely.
They decided to create new measures to control transactions and gave 14 days to the cryptocurrency community to join the discussion of this issue.
What do they want to control?
Cryptographic data, information about spot transactions, transactions with cryptocurrency derivatives.
Maybe they should also say, passport data, email password, mother's maiden name, and the name of the first pet?
Record funding by African standards
In the first six months of '22, African blockchain companies raised about $304 million, twice as much as the entire year 2021.
Cryptocurrency exchange KuCoin raised $150 million, space money within Africa, exchange Mara raised $23 million, startup Jambo raised $30 million, and startup Afriex raised $10 million.
Nigeria is actively promoting crypto, and the market crash had no effect on investor interest in digital assets, as if nothing had happened.
Too bad that interest is warmed by not the most pleasant factors - lack of access to banking services for the majority of the population, rising inflation and devaluation.
In the first six months of '22, African blockchain companies raised about $304 million, twice as much as the entire year 2021.
Cryptocurrency exchange KuCoin raised $150 million, space money within Africa, exchange Mara raised $23 million, startup Jambo raised $30 million, and startup Afriex raised $10 million.
Nigeria is actively promoting crypto, and the market crash had no effect on investor interest in digital assets, as if nothing had happened.
Too bad that interest is warmed by not the most pleasant factors - lack of access to banking services for the majority of the population, rising inflation and devaluation.
📉 "Dumps from Vitalik"
Vitalik Buterin sold 25,000 SHIT tokens for 33,475 USDC - as a result, the price of the asset collapsed 57% in the moment.
Lots of Ethereum blockchain projects are transferring some of their tokens to Vitalik Buterin, hoping to get noticed by the crypto community.
Not a financial recommendation
Vitalik Buterin sold 25,000 SHIT tokens for 33,475 USDC - as a result, the price of the asset collapsed 57% in the moment.
Lots of Ethereum blockchain projects are transferring some of their tokens to Vitalik Buterin, hoping to get noticed by the crypto community.
Not a financial recommendation
Binance was subpoenaed because of Musk.
Elon set up his friends: Twitter has subpoenaed Binance because in May, Binance gave Elon $500 million to make a deal that Musk somehow changed his mind about making.
They also subpoenaed a bunch of other creditors of Musk, and Twitter is asking for information on the private negotiations to buy the social network, as well as documents that would really prove that there are a lot of bots on Twitter (which is what Musk was picking on).
Elon set up his friends: Twitter has subpoenaed Binance because in May, Binance gave Elon $500 million to make a deal that Musk somehow changed his mind about making.
They also subpoenaed a bunch of other creditors of Musk, and Twitter is asking for information on the private negotiations to buy the social network, as well as documents that would really prove that there are a lot of bots on Twitter (which is what Musk was picking on).
More dough in web3.0, more
Aglae Ventures is assembling a team and funds to enter the web3.0 sector with an investment of $102 million.
That's it?
Okay, there's more.
Investment company BitValue Capital also has its eye on the web3.0 sector.
They are going to make something between a support service and an incubator for blockchain companies, with $100 million allocated to it.
Within the web3.0 sector, it was decided to take NFT, SocialFi, GameFi and the classic DeFi as its main reference points.
Aglae Ventures is assembling a team and funds to enter the web3.0 sector with an investment of $102 million.
That's it?
Okay, there's more.
Investment company BitValue Capital also has its eye on the web3.0 sector.
They are going to make something between a support service and an incubator for blockchain companies, with $100 million allocated to it.
Within the web3.0 sector, it was decided to take NFT, SocialFi, GameFi and the classic DeFi as its main reference points.
Lovely, sunny, optimistic post!
Bank of America analysts pointed out bullish signals for bitcoin🥳🥳🎉🎉🎉
What's going on in the market right now:
Crypto outflows from exchanges have intensified and net inflows into stablecoins are rising.
How Bank of America analysts are interpreting this:
This signals a bullish market momentum.
"Limited supply and continuous outflows from exchanges indicate that investors continue to hold positions amid a rally in risky assets."
My opinion to any analytics you know - it is random and there is no human neural network analyst in the world who would be at least 80% accurate in his predictions when it comes to long and medium term crypto behavior, but you still want to believe😊😊
Bank of America analysts pointed out bullish signals for bitcoin🥳🥳🎉🎉🎉
What's going on in the market right now:
Crypto outflows from exchanges have intensified and net inflows into stablecoins are rising.
How Bank of America analysts are interpreting this:
This signals a bullish market momentum.
"Limited supply and continuous outflows from exchanges indicate that investors continue to hold positions amid a rally in risky assets."
My opinion to any analytics you know - it is random and there is no human neural network analyst in the world who would be at least 80% accurate in his predictions when it comes to long and medium term crypto behavior, but you still want to believe😊😊
U.S. authorities are investigating cryptocurrency exchanges
Binance is among the exchanges under scrutiny.
The SEC said that the U.S. regulator is investigating 40 exchanges for compliance with the law.
Oh, you know, there's even an internal competition between the SEC and the Commodity Futures Trading Commission (CFTC).
Pulling a blanket over themselves to take away the right to regulate the circulation of digital assets.
SEC Chairman Gary Gensler blabbed in June that ether is a security and bitcoin is a commodity. Bringing it under such definitions, he suggested taking it under his agency's jurisdiction.
A month later, the backlash came - a couple of congressmen introduced a bill that would give the CFTC control over the marketing of digital assets.
Binance is among the exchanges under scrutiny.
The SEC said that the U.S. regulator is investigating 40 exchanges for compliance with the law.
Oh, you know, there's even an internal competition between the SEC and the Commodity Futures Trading Commission (CFTC).
Pulling a blanket over themselves to take away the right to regulate the circulation of digital assets.
SEC Chairman Gary Gensler blabbed in June that ether is a security and bitcoin is a commodity. Bringing it under such definitions, he suggested taking it under his agency's jurisdiction.
A month later, the backlash came - a couple of congressmen introduced a bill that would give the CFTC control over the marketing of digital assets.
Meta expands its NFT project on Instagram
Meta Corporation is expanding its project to an additional 100 countries!
"Today we begin international expansion into 100 countries in Africa, Asia-Pacific, the Middle East, and North and South America. In addition, we now support Coinbase Wallet and Dapper Wallet connectivity, as well as the ability to host digital collectibles issued on the Flow blockchain."
Meta Corporation is expanding its project to an additional 100 countries!
"Today we begin international expansion into 100 countries in Africa, Asia-Pacific, the Middle East, and North and South America. In addition, we now support Coinbase Wallet and Dapper Wallet connectivity, as well as the ability to host digital collectibles issued on the Flow blockchain."
P2E in GTA 6?
Rumor has it that Rockstar Games is planning to introduce cryptocurrencies, stocks and NFTs into the gameplay of the next part of GTA. Supposedly the main character will receive in-game cryptocurrency as payment for completing missions from anonymous billionaires.
Recall that GTA 5 had missions related to stock markets 😉
Rumor has it that Rockstar Games is planning to introduce cryptocurrencies, stocks and NFTs into the gameplay of the next part of GTA. Supposedly the main character will receive in-game cryptocurrency as payment for completing missions from anonymous billionaires.
Recall that GTA 5 had missions related to stock markets 😉
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🎬Coca-Cola launched a new NFT collection celebrating International Friendship Day at Polygon
NFTs have been dropped free to owners of previous Coca-Cola collections. The NFTs feature a unique "share to show" option, each item is revealed after it has been shared with a friend
NFTs have been dropped free to owners of previous Coca-Cola collections. The NFTs feature a unique "share to show" option, each item is revealed after it has been shared with a friend
FTX CEO: The Voyager deal has every chance of being a $70 million throw away
The CEO of FTX and founder of Alameda Research commented on the recent deal with bankrupt Voyager Digital. A round-robin line of credit could result in an irretrievable loss of $70 million, but Bankman-Fried and management are deliberately taking the risk.
According to the head of Alameda Research, his company is not looking to make "staggering" bailout deals for bankrupt crypto firms. Under the circumstances, such deals can at best be called "good." Nevertheless, Sam Bankman-Fried has no illusions about Voyager Digital.
The CEO of FTX and founder of Alameda Research commented on the recent deal with bankrupt Voyager Digital. A round-robin line of credit could result in an irretrievable loss of $70 million, but Bankman-Fried and management are deliberately taking the risk.
According to the head of Alameda Research, his company is not looking to make "staggering" bailout deals for bankrupt crypto firms. Under the circumstances, such deals can at best be called "good." Nevertheless, Sam Bankman-Fried has no illusions about Voyager Digital.
Access to the sites of the largest bitcoin exchanges was blocked in Uzbekistan 💵
According to the authorities, this happened due to the lack of license for the trading platforms.
Officially, Uzbekistan has been licensing cryptocurrency exchanges for several years, and the first "legal" exchange started working there as early as January 2020.
Of course, the largest market players did not rush to get a license in Uzbekistan. Because of this they could not get a license to serve local traders 🌚.
Thus, since August 9, access to the sites of FTX, Binance and other major bitcoin exchanges is prohibited in the country. Authorities urge users to write to them, if they find unlicensed site working in the country 🤪
The cherry on the cake: a law coming into effect on January 1, 2023 states that individuals and legal entities will only be able to use digital assets on platforms officially permitted by the authorities.
According to the authorities, this happened due to the lack of license for the trading platforms.
Officially, Uzbekistan has been licensing cryptocurrency exchanges for several years, and the first "legal" exchange started working there as early as January 2020.
Of course, the largest market players did not rush to get a license in Uzbekistan. Because of this they could not get a license to serve local traders 🌚.
Thus, since August 9, access to the sites of FTX, Binance and other major bitcoin exchanges is prohibited in the country. Authorities urge users to write to them, if they find unlicensed site working in the country 🤪
The cherry on the cake: a law coming into effect on January 1, 2023 states that individuals and legal entities will only be able to use digital assets on platforms officially permitted by the authorities.
Inflows into cryptocurrency investment products have slowed significantly
This figure for the period from July 30 to August 5 was $3 million. Such data is given by CoinShares.
However, despite such a fall, asset management companies launched 32 new instruments in the second quarter. And this is the result of October-December 2021 - 33 instruments.
So, everything is not so bad😆
This figure for the period from July 30 to August 5 was $3 million. Such data is given by CoinShares.
However, despite such a fall, asset management companies launched 32 new instruments in the second quarter. And this is the result of October-December 2021 - 33 instruments.
So, everything is not so bad😆
Buterin vangs changes in Ethereum and the entire cryptospace in 10 years
At the Korea Blockchain Week 2022 conference, Vitalik said:
- Once we have scaling technology, it will actually become possible to make cryptocurrencies massively available again. In the future, with all the efficiency improvements, transaction costs could come down to $0.05 or even 0.2 cents.
The move from consensus PoW to consensus PoS would lower gas fees, also added that crypto applications are promising, but in theory, and virtually impossible today.
But, the merger potentially makes these applications possible. Amen.
Vitalik's inexhaustible optimism extended to the price of ETH, which picked up 3% growth.
At the Korea Blockchain Week 2022 conference, Vitalik said:
- Once we have scaling technology, it will actually become possible to make cryptocurrencies massively available again. In the future, with all the efficiency improvements, transaction costs could come down to $0.05 or even 0.2 cents.
The move from consensus PoW to consensus PoS would lower gas fees, also added that crypto applications are promising, but in theory, and virtually impossible today.
But, the merger potentially makes these applications possible. Amen.
Vitalik's inexhaustible optimism extended to the price of ETH, which picked up 3% growth.
Uzbekistan blocked almost all bitcoin exchanges.
They said that if you want to trade crypto on the territory of the most ancient Asian state, you have to get a license, and from January 1, 2023 all exchanges will be outlawed.
How difficult it will be to get a license is another question, but in general it is the usual tightening of the crypto nuts on the part of regulators.
They said that if you want to trade crypto on the territory of the most ancient Asian state, you have to get a license, and from January 1, 2023 all exchanges will be outlawed.
How difficult it will be to get a license is another question, but in general it is the usual tightening of the crypto nuts on the part of regulators.
Cryptocurrency exchange Curve Finance was hacked 🤨
Official representatives of the protocol confirmed the fact of the hack.
It happened as follows: hackers changed the system of domain names, as a result, users were redirected to a phishing site.
The developers reported that the problem is now solved, but recommended to refrain from using curve.fi and curve.exchange, as well as to withdraw contracts approved in the last few hours 💼.
As a result, the total losses amounted to $530 thousand in cryptocurrency.
The good news: FixedFloat service reported that it blocked 112 ETH worth of stolen funds.
Official representatives of the protocol confirmed the fact of the hack.
It happened as follows: hackers changed the system of domain names, as a result, users were redirected to a phishing site.
The developers reported that the problem is now solved, but recommended to refrain from using curve.fi and curve.exchange, as well as to withdraw contracts approved in the last few hours 💼.
As a result, the total losses amounted to $530 thousand in cryptocurrency.
The good news: FixedFloat service reported that it blocked 112 ETH worth of stolen funds.
👍1
KuCoin Wallet Integrates 1inch For Implementing Native Swap Function
Cryptocurrency exchange KuCoin has entered into a partnership with the 1inch DeFi data aggregator protocol to enable native swaps for its global users at the lowest prices across all decentralized exchange platforms. 1inch Network is a DEX aggregator that analyzes blockchain data in search of the most favorable swap and transfer conditions using the Pathfinder algorithm. With its dynamic pricing, stop-loss and trailing stop orders, as well as a host of other functions, 1inch is considered to be the leading DeFi solution in decentralized space.
Cryptocurrency exchange KuCoin has entered into a partnership with the 1inch DeFi data aggregator protocol to enable native swaps for its global users at the lowest prices across all decentralized exchange platforms. 1inch Network is a DEX aggregator that analyzes blockchain data in search of the most favorable swap and transfer conditions using the Pathfinder algorithm. With its dynamic pricing, stop-loss and trailing stop orders, as well as a host of other functions, 1inch is considered to be the leading DeFi solution in decentralized space.
PancakeSwap was $7.3 billion, a 34% drop from the $11 billion recorded in transactions volume in June
According to the report, in July, the total volume of transactions completed on PancakeSwap was $7.3 billion, a 34% drop from the $11 billion recorded in transactions volume in June. In addition, in July, the DEX's unique traders and onsite users also dropped by 9% and 18%, respectively. A look at PancakeSwap’s weekly scheduled token burns shows that about 27 million CAKE tokens were burned in July. This is a part of the DEX’s deflationary mechanism to control the supply of its CAKE token and support its price. The amount of CAKE tokens burned in July is about 15% of the total circulating supply.
According to the report, in July, the total volume of transactions completed on PancakeSwap was $7.3 billion, a 34% drop from the $11 billion recorded in transactions volume in June. In addition, in July, the DEX's unique traders and onsite users also dropped by 9% and 18%, respectively. A look at PancakeSwap’s weekly scheduled token burns shows that about 27 million CAKE tokens were burned in July. This is a part of the DEX’s deflationary mechanism to control the supply of its CAKE token and support its price. The amount of CAKE tokens burned in July is about 15% of the total circulating supply.
Uniswap Volume Hit 2022 Low Sinking More Than $24 Billion
Uniswap saw a further decline in trading volume during the seventh month of the year due to decreased investor interest in digital assets. Uniswap reached a new low in July as the month proved to be one of the worse periods in the trading history of the decentralized exchange (DEX). The DEX recorded about $37.8 billion in volume during the first month of the third quarter of 2022.
Uniswap saw a further decline in trading volume during the seventh month of the year due to decreased investor interest in digital assets. Uniswap reached a new low in July as the month proved to be one of the worse periods in the trading history of the decentralized exchange (DEX). The DEX recorded about $37.8 billion in volume during the first month of the third quarter of 2022.