The price of Bitcoin, Ethereum, and other major cryptocurrencies slumped on Monday as the Federal Reserve is expected to increase its benchmark interest rate by 0.75%, the largest hike in nearly three decades. At the time of writing, Bitcoin slid to a weekly low of about $21,935, down 2.8% over the past 24 hours, with Ethereum, the market’s second-largest cryptocurrency,…
Game development giant Square Enix partnered with nonfungible token (NFT) platform Enjin (ENJ) to launch a digital and physical collection featuring Final Fantasy VII, a highly popular video game series. In an announcement, Enjin said that to get the NFTs, fans must pre-order Final Fantasy VII’s 25th-anniversary products at Square Enix’s store. The products will include a code to the…
Bitcoin fell below $22,000 to start the new trading week, as sentiment in crypto markets seems to have turned bearish. The world’s largest token saw recent price declines extended on Monday, with ethereum also experiencing similar downwards momentum. The global market cap is down over 3% as of writing. Bitcoin Bitcoin (BTC) prices were once again in the red during…
A recent nonfungible token (NFT) listing on Gamestop’s marketplace became the center of controversy in the NFT world. The listing received heavy backlash from the community prompting the marketplace to take action within a day, showing how a community can come together to reverse the wrong. The NFT in question, titled “Falling Man,” showed a man in a space suit…
Sam Bankman-Fried’s FTX may have been hailed as the savior of the crypto winter, but in the latest twist in its acquisition streak, the company has been accused of low-balling one of its rescue offers. Bankrupt crypto brokerage Voyager Digital has called a rescue deal proposed by FTX “a low-ball bid dressed up as a white knight rescue” in documents…
Considerations should be made when spending Whirlpool unspent transaction outputs (UTXOs) so that the anonymity benefits of mixing your bitcoin are kept intact. There are transaction tools that help you spend your post-mix bitcoin in a way that maintains anonymity, each tool offers different techniques and it’s important to understand the differences so that you can always use the right…
The financial regulator of the U.S. state of Arizona has warned investors about crypto interest-bearing accounts. “Some companies may materially overstate the degree to which their collateral practices protect their ability to pay investors the stated return,” the regulator said. State Regulator Warns About Crypto Interest-Bearing Accounts The Arizona Corporation Commission issued an investor alert this week, warning about “digital…
press release PRESS RELEASE. CryptoDATA Tech was announced as the title sponsor of the Austrian Grand Prix in 2022, 2023, and 2024. CryptoDATA Tech will take top billing at the Red Bull Ring – Spielberg, which will be officially named the CryptoDATA Motorrad Grand Prix von Österreich, and will sponsor one of the most talented MotoGP™ riders, Jorge Martin. CryptoDATA,…
Cryptocurrencies can be a good alternative to conventional settlement processes because they are underpinned by blockchain technology which enables the instant finalization of transactions without the involvement of intermediaries, a new report has said. Some players in the cross-border money transfer industry perceive the blockchain and cryptocurrencies as technologies that can enhance remittance processes. Cryptocurrencies Eliminate Expensive Practices for Remittance…
In the aftermath of the Thai cryptocurrency exchange Zipmex stopping withdrawals last week, local financial regulators are stepping in to look into potential losses by investors. Thailand’s Securities and Exchange Commission (SEC) is taking action to collect all necessary information from investors on how they have been affected by issues on Zipmex. The regulator officially announced on July 25 that…
