Three months ago, there were 441,546 wrapped or synthetic bitcoins on the Ethereum and Binance Smart Chain worth $17.45 billion using exchange rates on April 24, 2022. Since then, that number has dropped by 53,582 synthetic bitcoins and today the number of wrapped or bonded bitcoins is approximately 387,964 worth $8.81 billion in value. Number
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The financial regulator of Taiwan has asked local banks not to allow the use of cards for payments in transactions involving cryptocurrencies, local media revealed. The authority says these assets are risky while associated cash flows are hard to monitor. Taiwanese Regulator Urges Banks Not to Allow Crypto-Related Payments With Bank Cards Taiwan’s Financial Supervisory
The Conservative leadership contest has another six weeks to run before the UK has its next prime minister, but Rishi Sunak and Liz Truss have already earmarked key allies for potential top roles in government. Both leadership campaigns insist no job offers have been made and that it is premature to discuss who might serve
The bulls are attempting to achieve a strong weekly close for Bitcoin (BTC), while the bears are attempting to regain their advantage. Analysts are closely watching the 200-week moving average which is at $22,705 and BTC’s current setup suggests that a decisive move is imminent. Many analysts expect a weekly close above the 200-week MA
The Argentinian Central Bank has issued a new set of restrictions that are affecting citizens and companies that have purchased cryptocurrency to use it as a hedge against currency devaluation. The bank will only sell dollars at an official rate to individuals and companies that have not purchased crypto for at least 90 days prior
The META HISTORY project team created Ukraine’s first NFT war museum one month after Russia’s full-scale invasion. Since then they have managed to raise $1,290,398 (803.28 ETH) for the Aid For Ukraine crypto fund, created by the Ukrainian Ministry of Digital Transformation together with the Ukrainian crypto platform KUNA and the blockchain company Everstake, and
European governments are attempting to water down Brussels’ plans to push the bloc into cutting gas demand to better weather a shortage of Russian supplies this winter. Diplomats from the 27 EU member states have been locked in negotiations since the European Commission proposed measures last week requiring countries to cut gas use by 15
The UK and French governments will each have a seat on the board of a new satellite operator aiming to take on billionaire space entrepreneurs Elon Musk and Jeff Bezos under merger terms being thrashed out on Sunday between Eutelsat and OneWeb. Paris-listed Eutelsat and OneWeb, the space-based internet pioneer rescued from collapse by a
Ethereum researcher, Vivek Raman, is convinced that Ethereum’s (ETH) upcoming transition to a proof-of-stake system will enable it to take over Bitcoin’s (BTC) position as the most prominent cryptocurrency. “Ethereum does have, just from an economic perspective and because of the effect of the supply shock, a chance to flip Bitcoin,” said Raman in an
Russia’s foreign minister Sergei Lavrov on Sunday met Egyptian president Abdel Fattah al-Sisi as part of a tour of several African nations designed to counter western accusations that Moscow’s invasion of Ukraine has led to a global food crisis. Lavrov’s meeting with the Egyptian leader as well as with foreign minister Sameh Shoukry showed that
While inflation data in Europe and the U.S. has risen significantly higher last month, Russia and members of the BRICS countries revealed leaders in the five major emerging economies are in the midst of “creating an international reserve currency.” Analysts believe the BRICS reserve currency is meant to rival the U.S. dollar and the International
Axie Infinity (AXS) has been forming a giant bearish reversal pattern since July last year, which could send its prices down by another 95% in 2022. AXS risks one big breakdown Dubbed the “inverted cup and handle,” the pattern is identified by its large crescent shape followed by a modest upward retracement. It typically resolves
In mid-June red hot inflation reared its ugly head in America once again, as the latest U.S. Bureau of Labor Statistics’ Consumer Price Index (CPI) report indicated that inflation in June rose at the fastest pace in over 40 years. U.S. president Joe Biden has been in office for 18 months now, and media reports
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Pat Duffy, co-founder of The Giving Block — a crypto donation solution that provides an ecosystem for nonprofits and
While you may not have realised it from Christine Lagarde’s understated delivery, the European Central Bank last week became a lot more pugnacious towards both financial markets and the eurozone’s fiscal policymakers. For quite some time the ECB, which Lagarde heads, has been visibly uncomfortable about being “the only game in town”. It was long
In this article BAC MRVL GFS KNX TFC Matt Murphy, CEO, Marvell Technology Scott Mlyn | CNBC Investors seem to be welcoming the latest earnings season with fresh optimism despite nagging concerns about inflation, recession and rising interest rates. Indeed, strong quarterly results from a number of key companies have helped power the major stock
The battle between Rishi Sunak and Liz Truss to become Britain’s next prime minister switched to immigration over the weekend, as the two Tory leadership contenders vowed to outdo each other in tightening up control of the country’s borders. Sunak, the former chancellor, hinted he would clamp down on the number of people fleeing war
In this week’s bite-sized digest of the hottest stories from Bitcoin.com News, a new Finder survey knocks down previous forecasts for ethereum’s price a notch, with crypto experts predicting lower long-term prices for the asset. Also, India calls on G20 nations to bring cryptocurrencies within the “Automatic Exchange of Information” framework, billionaire Thomas Peterffy weighs
The writer is former chief economist at Goldman Sachs and was a UK Treasury minister It is now over 12 years since the Conservative party regained power. As members ponder their fourth leader during that time, the country urgently needs their choice — and our next prime minister — to have a credible vision of how to
press release PRESS RELEASE. INTERNET CITY, DUBAI, Jul. 24, 2022 – LBank Exchange, a global digital asset trading platform, will list Cryptostone (CPS) on July 25, 2022. For all users of LBank Exchange, the CPS/USDT trading pair will be officially available for trading at 20:00 (UTC+8) on July 25, 2022. Aiming towards decentralization, equity and
Bitcoin (BTC) found strength at $22,000 into July 24 with bulls still aiming for a solid green weekly close. Classic levels for end-of-week price focus Data from Cointelegraph Markets Pro and TradingView showed BTC/USD halting a weekend drop at $21,900 to return towards the $23,000 on the day. The pair held a trading range closely