Dogecoin was trading near its highest point since late September on Wednesday, as prices rose for a second straight day. The rally comes as the meme coin continues to trade above a key resistance level, following a breakout on Tuesday. Xrp was also in the green today, trading close to a one-week high. Dogecoin (DOGE) Dogecoin (DOGE) was one of…
On Wednesday, the Society for Worldwide Interbank Financial Telecommunication, or SWIFT, announced that it has successfully moved central bank digital currencies (CBDCs) and tokenized assets on existing financial infrastructure through two separate experiments. According to SWIFT, the results demonstrated that “CBDCs can be rapidly deployed at scale to facilitate trade and investment between more than 200 countries and territories around…
How Armanino Audits Crypto Reserves: Clayton Lowery at SmartCon 2022 Clayton Lowery of Armanino LLP joins Decrypt’s Dan Roberts and Stacy Elliott at Chainlink SmartCon 2022 to talk about how Armanino conducts its “proof of reserves” audits of crypto lenders like Nexo, how to foresee the next crypto company meltdown, trust in Tether, and scrutiny of stablecoins. Source: https://decrypt.co/videos/live-events/TFESFgL4/how-armanino-audits-crypto-reserves-clayton-lowery-at-smartcon-2022
Mythical Games CEO John Linden says his company has been accused of “not being Web3 enough.” Buckle up, degens—that’s about to change. Blockchain gaming studio Mythical Games—along with 22 partner companies and a handful of big-name advisors—announced a foundation, DAO, and token Wednesday in an effort to bring decentralization to Web3 gaming. The Mythos Foundation’s launch partners include game publishers…
Horizon Blockchain Games, the developer behind the Skyweaver game, has raised $40 million in Series A funding, the company disclosed on Oct. 4. The round was led by Brevan Howard Digital and Morgan Creek Digital, with additional participation from Polygon, Take-Two Interactive, Ubisoft, Xsolla, The Sandbox’s co-founder Sebastien Borget, Sky Mavis and Axie Infinity co-founder Aleks Larsen, among other investors. …
This is an opinion editorial by Mike Hobart, a communications manager for Great American Mining. In the wee hours of the morning on Friday, September 23, 2022, markets saw yields on the U.S. 10-year bond (ticker: US10Y) spike up over 3.751% (highs not seen since 2010) shocking the market into fears of breaching 4% and the potential for a run…
European Union officials have agreed on the final wording for its landmark crypto legislation which could pave the way for a Europe-wide regulatory approach. The full legal text of the Markets in Crypto Assets Regulation (MiCA) was approved at a meeting of EU ambassadors on Wednesday, according to a letter from committee chair Edita Hrdá. In the letter addressed to…
FTX has bid $1.4 billion for Voyager Digital’s assets, looking to provide users a way out if they move to its platform, but there are risks. Source: https://cointelegraph.com/news/ftx-s-1-4b-bid-on-voyager-digital-assets-a-gambit-or-a-way-out-for-users
A recently published forecast stemming from the Federal Reserve Bank of Cleveland’s Inflation Nowcasting data indicates upcoming U.S. consumer price index (CPI) metrics will likely be elevated. The newly predicted CPI levels were recorded the same day America’s gross national debt surpassed $31 trillion on October 4, as the country’s growing debt continues to rise rapidly. Fed’s Nowcasting Report Shows…
The European Union (EU) has agreed on a legal framework for bitcoin and cryptocurrencies known as Markets in Crypto Asset Regulation (MiCA), per a report from CoinDesk. The bill was signed off by members of the EU Council on Wednesday and consists of a regulatory framework previously established in June, which reportedly received no further development since then. MiCA establishes…
