Author: Donald Munn
According to a new article on the company’s blog, Coinbase has obtained registration with the OAM registry to operate according to law in Italy and thus continue to provide crypto trading and custody services to Italian residents. The company’s vice president of International and Business Development, Nana Murugesan, wrote the following in a post on the company’s blog: “Today, we’re able to announce a key milestone … securing approval from Italian regulators to provide ongoing crypto services to its residents. The new requirement implemented by the Organismo Agenti e Mediatori (OAM), mandated that all companies offering crypto trading, custody or…
Jed McCaleb, former co-founder of Ripple, has succeeded with a final 1.1 million XRP transaction to fully deplete his wallet. Jed McCaleb sells his last 1.1 million XRP Over the last weekend, Jed McCaleb found an opportunity to sell the last remaining XRP in his wallet on the market. The transaction turns out to be 1,108,819 XRP precisely, the equivalent of $390,000 at current market values. It was made on 17 July and, as it is reported by the portal dedicated to monitoring the wallet in question, there now remains the derisory sum of 196 XRP. As a sign of…
The crypto market fell more than 55% in the second quarter of 2022, and capitalization fell below one trillion in value. These figures emerged from a newly released report by cryptocurrency aggregator CoinGecko. The report analyzes the heavy repercussions the market has suffered since the May collapse of the Terra ecosystem and its stablecoin UST as well as the bankruptcy of crypto fund Three Arrows Capital (3AC). DeFi at a loss The market has been declining heavily, across all its components including DeFi, whose market capitalization has fallen sharply, from $142 million to $36 million in a span of 3…
Former Blackrock Executive Edward Dowd states that Bitcoin is here to stay and has the qualities to enter everyone’s wallet. He said this during an interview on Layah Heilpern‘s podcast, adding that when Bitcoin matures it will likely beat even gold, thanks to unique features such as the ability to be traded digitally. According to Dowd, while gold remains a viable investment, Bitcoin would actually have a better chance as a store of wealth, since unlike gold it can be traded more easily, and also used for payments. He said: “Bitcoin is here to stay. It is going to be…
Thomas Peterffy is a well-known 77-year-old American billionaire, founder and president of Interactive Brokers, a financial broker dealing in stocks, options, futures, EFPs, forex, bonds and funds. Peterffy recently gave an interview to Forbes in which he says he believes the possibility of Bitcoin becoming worthless or outlawed is very high. According to Peterffy, investors need to start getting used to the current high levels of inflation, because he believes inflationary pressures will continue for years, not months. The causes of inflation would be coming from as far back as chronic US deficit spending, continued disruption of supply chains, self-imposed…
According to the latest data collected by SentiFi‘s report covering the week ending 15 July, Filecoin (FIL) and PancakeSwap (CAKE) are among the cryptocurrencies that have received the most media attention and whose sentiment therefore seems positive. The case of Filecoin With a sentiment of 57 points and an attention buzz rate of 24%, Filecoin ranks second with positive sentiment. Such media attention could be the cause and consequence of FIL’s soaring price, which is currently up more than 8% over the past 24 hours, according to CoinMarketCap data. Taking the last week’s data, to which SentiFi refers, Filecoin is…
Three Arrows Capital (3AC) co-founder Zhu Su turns out to be among the creditors of the company that went bankrupt in late June. I've just seen the list of creditors to #3AC and noticed that @zhusu has filed a claim for $5 million. While being on the run, he has somehow found the time to diligently and ruthlessly fill out forms to pursue a claim against his own Fund. https://t.co/YFfWmYZOoM — Soldman Gachs ⌐◨-◨ (@DrSoldmanGachs) July 18, 2022 This was revealed on Soldman Gachs’ Twitter profile, himself a creditor of 3AC. Reviewing the list of creditors waiting to be repaid…
SPONSORED POST* As gamers continue to seek the greatest, most secure, and most transparent gaming experience, the online gaming industry continues to evolve. This is just what Winner Block intends to give, as this decentralized platform is poised to revolutionize online gaming. Winner Block is a completely transparent and decentralized online gaming platform. In addition to providing gamers with the most enjoyable gaming experience, it also takes care of the community. On July 20, 2022, the token and web app will be released, enabling you to link your wallet, manage your WBlock tokens, and play our decentralized games. Furthermore, users…
StoryLife is an artificial intelligence (AI) tool that could make it possible to talk to the deceased, or rather a kind of hologram of them that could converse with those who are still alive. No, this is not an episode of Black Mirror. The tool has already been used for this purpose during the memorial of actor Ed Asner who passed away in August 2021 at the age of 91. “Nothing could prepare me for what I was going to witness when I saw it”, explained the actor’s son, Matt Asner. In essence, Asner had recorded videos with StoryLife before…
SPONSORED POST* When it comes to crypto there are no certainties, as the recent bear market has shown us. However, it is possible to keep your crypto capital safe until the market recovers, while also making a sizable, steady profit, and the most secure, reliable way to achieve this is with an interest-bearing wallet. The Benefits of an Interest-bearing Wallet The primary advantage of an interest-bearing wallet is that it can generate generous passive profits with no effort required, and with close to zero exposure. In contrast to the high-risk strategy of speculating on rising and falling prices in the…