Crypto lending firm Nexo (NEXO) risks losing half of its valuation by the end of 2022 as doubts about its potential insolvency grow in the market. Is Nexo too centralized? For the unversed: eight U.S. states filed a cease-and-desist order against Nexo on Sep. 26, alleging that the firm offers unregistered securities to investors without alerting them about the risks…
Following the Covid-19 pandemic, the massive amount of stimulus, and amid the Ukraine-Russia war, Germany’s inflation has soared. Official data from Germany’s consumer price index (CPI) indicates that inflation jumped to a 10.9% annual pace in September and it’s the first time since the end of World War II that Germany has dealt with double-digit inflation. German Inflation Skyrockets Tapping…
Global cryptocurrency exchange Binance has registered with New Zealand’s Ministry of Business, Innovation and Employment and opened local offices in the country. In a Sept. 29 tweet, Binance said it was registered as a financial service provider in New Zealand, allowing residents access to services including spot trading, nonfungible tokens, and staking. The move to the crypto-friendly Pacific nation followed…
Xrp was up by nearly 10% on Friday, as the token moved closer to a recent four-month high. The move comes as consumer sentiment data in the United States came in at 58.6, which is higher than August’s reading of 58.2. UNUS SED LEO was also in the green, climbing by as much as 12% in today’s session. XRP was…
Bitcoin (BTC) swiftly climbed above $20,000 after the Sept. 30 Wall Street open as end-of-month volatility began. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin volatility back for monthly close Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 3% in a single hourly candle to hit local highs of $20,171 on Bitstamp. The move followed predictions from traders, who…
Spain’s largest telecommunications company is now accepting bitcoin and cryptocurrencies as payment on its ecommerce store. Telefónica partnered with Bit2Me, the largest cryptocurrency exchange in the country, to facilitate real time payment conversion into euros. The telecom has also reportedly invested in Bit2Me, and further details will be released in the upcoming weeks. Telefónica, the largest telecommunications company in Spain,…
Fantom Foundation CEO: Multiple Blockchains Will Succeed—But Not 20 of Them Fantom Foundation CEO Michael Kong tells Decrypt’s Dan Roberts at Chainlink SmartCon 2022 how the Layer-1 blockchain competes with Ethereum and other chains, how it’s a multi-chain future, how people misunderstood what the Ethereum merge was going to mean, and how to onboard more people into Web3. Source: https://decrypt.co/videos/live-events/zq3qGqiz/fantom-foundation-ceo-multiple-blockchains-will-succeedbut-not-20-of-them
Balcony DAO Is Fractionalizing Investment in a Manhattan Building as an NFT Balcony DAO co-founder John Belitsky tells Decrypt’s Dan Roberts at Chainlink SmartCon 2022 how Balcony DAO is fractionalizing real estate investment using NFTs starting with 20 Third Avenue in New York City, and why it’s waiting to launch its token as a registered security with the SEC. Source:…
Polygon Studios Metaverse Lead: JPEGs Are ‘Not the Future of Web3 and NFTs’ Brian Trunzo, metaverse lead at Polygon Studios, tells Decrypt’s Dan Roberts and Stacy Elliott at Chainlink SmartCon 2022 why he’s bullish on metaverse fashion, how big brands are thinking about it, why the future of NFTs will be in gaming and not “right-click save JPEGs,” and why…
Crypto influencer Ian Balina has launched a GoFundMe page to pay for his legal defense against the U.S. Securities and Exchange Commission (SEC), which earlier this month filed a lawsuit against him for allegedly selling unregistered securities. Balina claims to be fighting “on behalf of the whole crypto community” and challenging what he feels to be “SEC over-reach [sic].” He’s…
