In brief Leading marketplace OpenSea has posted small month-over-month gains in total NFTs sold and unique users. However, overall USD sales volume has declined. Data suggests that NFT trading across Solana marketplaces has cooled so far in July compared to June. As July nears its end, month-to-date data from top NFT marketplace OpenSea suggests that Ethereum NFTs are still selling…
According to a report stemming from the blockchain intelligence company Chainalysis, the firm identified 54 pro-Russian groups that have “collectively received over $2.2 million worth of cryptocurrency.” The paramilitary groups in Ukraine primarily received bitcoin and ether donations but also got tether, litecoin and dogecoin as well, the Chainalysis study details. $2.2 Million in Crypto Sent to Pro-Russian Groups Located…
Bitcoin (BTC) hit a six-week high above $24,000 on July 29, extending its rally that picked up momentum after the United States Federal Reserve hiked rates by 75 basis points on July 27. If the rally sustains for the next two days, Bitcoin could be on target to close the month of July with gains of more than 20%, according…
The United States House of Representatives passed the Chips and Science Act on Thursday by a vote of 243 to 187. The bill, which was introduced into the Senate over a year ago, provides grants and incentives to the semiconductor industry and encourages research. It also creates a blockchain and cryptocurrency specialist position in the White House Office of Science…
Both sides of the Russia-Ukraine conflict are being funded by crypto. Over 54 pro-Russian volunteer groups have cumulatively sourced $2.2 million in cryptocurrency donations to fund war efforts in Ukraine, according to a report from Chainalysis on Friday. The blockchain analytics firm said that the vast majority of funds were sent in Bitcoin ($1.45 million) and Ethereum ($590,000), with “considerable…
Elon Musk’s Tesla proved to be the ultimate paper hands after the electric vehicle maker sold 75% of its Bitcoin (BTC) holdings in the second quarter. I say, good riddance. The cult of personality isn’t good for Bitcoin, and neither is a technologist who treats the asset as his plaything. As far as we are aware, Musk hasn’t sold any…
Bitcoin may be down over 65% from its November 2021 all-time high of just above $69,000, but it’s having a sterling July: the biggest cryptocurrency is up 19% in the past 30 days and is set to have its best month since last year. The digital asset at the time of writing was trading for $24,094, according to CoinMarketCap. That’s…
Santander, one of the biggest banking institutions in the world, has announced it will start offering cryptocurrency services in Brazil. Its CEO, Mario Leão, made the announcement in an interview with local media, stating that the company was still seeking the best way of getting into the cryptocurrency services market. Other banks and fintech organizations are already offering crypto services…
Cryptocurrency exchange CoinFLEX said it had downsized a “significant number” of team members in an effort to cut operating costs. According to a Friday blog post, CoinFLEX said it had cut some staff across “all departments and geographies” as part of measures to reduce the company’s costs by 50% to 60%. The majority of the remaining team members will focus…
After being dubious of crypto for some years, Charles Schwab Bank will launch its Schwab Crypto Thematic Index next week. The fund, which will trade on the New York Stock Exchange Arca under the STCE ticker, will offer indirect exposure to the “crypto ecosystem,” the bank said in a statement. Schwab’s prospectus, which the bank filed with the U.S. Securities…
