Cryptocurrencies have been in a bear trend since mid-August after they failed to break above the $1.2 trillion market capitalization resistance. Even with the current bear trend and a brutal 25% correction, it has not been enough to break the three-month-long ascending trend. The crypto markets’ aggregate capitalization declined 7.2% to $920 billion in the 7 days leading to Sept.…
Web3 bug bounty and security services platform Immunefi has closed a $24 million Series A funding round, putting the company on track to scale its in-house capacity amid widespread vulnerabilities in the blockchain industry. The funding round was led by the San Francisco-based venture firm Framework Ventures, with additional participation from Electric Capital, Polygon Ventures, Samsung Next, P2P Capital and…
Data from Cointelegraph Research reveals that in August 2022, the blockchain industry saw $1.36 billion of venture capital invested in the blockchain industry — a 12-month low and the fourth consecutive month-on-month decline in capital inflows. August’s inflows represent a 31.3% drop from July’s $1.98 billion, and the 101 deals closed in August had an average capital investment of $14.3…
In this week’s episode of Market Talks, we welcome Yashu Gola, a Mumbai-based financial analyst and technology journalist at Cointelegraph with a strong focus on Bitcoin (BTC), smart contracts, exchange assets, nonfungible tokens, commodities and global stocks. Gola has been covering the cryptocurrency industry since 2014 and does not expect to stop anytime soon. First things first, the United States…
Yields on long-dated U.S. Treasuries have been erratic this year and this week, the 10-year Treasury yield crossed 3.5% for the first time in a decade. Following the Fed’s 75bps (basis points) rate hike, 10-year notes reached 3.642% and two-year Treasury notes jumped to a 15-year high at 4.090%. The curve between the two- and 10-year notes indicates the chances…
Ethereum’s (ETH) annual token supply change has dropped from 3.79% to 0.20% post-merge, per data from ultrasound.money. Following the network’s upgrade on September 15, Ethereum shifted from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) consensus, helping the network cut its carbon footprint by 99.95%. Alongside cutting its energy use, Ethereum’s daily token issuance has also plummeted. Daily issuance…
The Russian Ministry of Finance and its central bank have agreed on a draft bill allowing bitcoin and cryptocurrency payments for international trade settlements, per a report from Russian news outlet Tass. The bill “as a whole writes out how cryptocurrency can be purchased, what can be done with it, and how cross-border settlements can or cannot be made,” said…
According to local news outlet mk.co.kr, the South Korean government has seized over 260 billion Korean won ($180 million) worth of cryptocurrencies in the past two years due to tax arrears. The country’s politicians enacted regulations allowing for the seizure of digital currencies for tax delinquencies and began enforcing them last year. One individual living in Seoul, dubbed “Person A,”…
In brief Hasbro is rebooting the Starting Lineup sports toy line with new figures that include NFT trading cards. The line will relaunch with NBA stars like LeBron James and Stephen Curry. Starting Lineup action figures were a hit in the 1980s and ‘90s, delivering collectible toy versions of popular athletes from the basketball, football, and baseball worlds, among others.…
Striga gains regulatory approval to operate in Estonia as a VASP. The company is the first VASP to be approved following the country’s reworked legislation for VASPs. The law requires KYC information, capital requirements, and affiliation with Estonia. Striga, a bitcoin and cryptocurrency bank, became the first virtual asset service provider (VASP) to gain regulatory approval in Estonia following the…
