Author: Donald Munn
Today, Thursday, 7 July 2022, Mt. Gox’s bankruptcy trustee sent a letter to creditors saying they are preparing to make repayments. Refunds are coming for those caught up in the Mt. Gox scandal Mt. Gox is preparing to compensate financially damaged users The plan for repayments had been drawn up more than a year ago, while in October it received approval from creditors. In today’s letter, the bankruptcy trustee says it is currently preparing to make repayments in accordance with the approved rehabilitation plan, which was made final and binding on 16 November 2021 by the Tokyo District Court’s confirmation…
SPONSORED POST* Cryptocurrencies are going through a transition phase. Some speak of a ‘crypto winter’, others of the beginning of a consolidation phase at more stable levels. Some international majors, well known also in Italy such as Celsius and Binance, have intervened on Bitcoin conversion, while others have imposed limits. Making predictions on the future of Bitcoin and other cryptocurrencies today is a useless gamble, but talking about it with those who work daily in this field, can help the average user better understand the market and more carefully evaluate the choices to be made in the short and medium-term.…
There is increasing talk these days about the differences between PoS (Proof-of-Stake) and PoW (Proof-of-Work) consensus algorithms. In fact, while Ethereum is moving from PoW to PoS, Bitcoin will remain with PoW. The never-ending struggle between Proof-of-Stake and Proof-of-Work proponents The discussion between the promoters of the PoW and the PoS continues This dynamic is generating a real confrontation/struggle between those who believe PoW is inevitably better than PoS, and those, on the other hand, who say PoS is better. In particular, Bitcoin maximalists argue that PoS is too problematic for a platform as widely used as Ethereum, while Ethereum…
The European legislature is moving across the board to regulate anything that may have to do with cryptocurrencies and, more generally, with all crypto-assets. The aspects that seem to be closest to the heart of the Union’s legislative bodies are those related to market transparency, the protection of savers and investors, and combating the use of cryptographic assets to launder proceeds from illegal activities or to finance illicit trafficking and terrorism. A package of measures, in the form of European regulations, has been implemented to achieve this goal. The passage of MiCA in Europe The best known is probably the…
The super dollar heralds the arrival of crisis in Europe, a crisis that will soon be felt across the ocean. The fiat euro/dollar pair is at record lows The dollar appears to dominate the euro for the moment, but recession is also near in the US Il Sole 24 Ore in a recent article explains how the Euro-Dollar exchange rate (which as of today is at 1.026) is close to parity and complicit in the markets’ cyclical situation and skyrocketing inflation that shows no signs of stopping. This means only one thing, recession. This is echoed by Bloomberg, which explains…
The European Commission and Parliament appear to have finally reached agreement on new legislation for the crypto sector. Europe: waiting for the MiCA to take effect to regulate the crypto ecosystem The Council presidency and the European Parliament have reached tentative agreement on the cryptocurrency markets proposal (MiCA) which includes issuers of uncollateralized cryptocurrencies and so-called stablecoins, as well as the trading venues and wallets in which the assets are held. In a memo issued by the European Commission on 30 June, it said: “This regulatory framework will protect investors and preserve financial stability, while allowing innovation and fostering the…
The famous metaverse on blockchain, The Sandbox, has announced the new Alpha Season 3, the play-to-earn game that will include NFT Avatars. Registration for the new season is already open. The Sandbox Alpha Season 3: registration is open For lovers of play-to-earn gaming, The Sandbox’s new event and its new Alpha Season 3 could be really important. Here’s the video announcement: COMING THIS SUMMER pic.twitter.com/WlFga1RkqU — The Sandbox (@TheSandboxGame) July 1, 2022 Registration for the new season is already open, and it looks very much like NFT Avatars will be included within the game. Not only that, unlike Season 2,…
Lamborghini, a famous Italian luxury car manufacturer, has announced that it will certify parts of its cars using NFTs. In recent years their use has grown mainly in the art world, but we must never forget that this type of use is only the starting point, the tip of the iceberg of what can all be potential applications of NFTs. Lamborghini and NFTs: the collaboration with Go2NFT and Skey Network Lamborghini has decided to certify the components used for its cars with NFTs Scuderia Vincenzo Sospiri Racing, an automotive team dedicated to GT racing supported by Lamborghini Racing, has decided…
SPONSORED POST* Revolutionizing the online gambling market is the goal set by the team at Winner Block, an English company that is betting on transparency, trust and exponential growth in 2022. WinnerBlock.io offers a decentralized platform for online games on the blockchain. In just a few months, what was just a project between long-time friends has become a flourishing young nugget with a bright future. The integration of its application into the metaverse and playability on all media is the ambition of this young company. WBlocks and WCards The principle is simple. Players just need to easily obtain WBlocks in…
Bitcoin Analysis Bitcoin’s price sold-off to lower prices on Tuesday and concluded its daily session -$55. The first chart we’re analyzing today is the BTC/USD 1D chart below by LevRidge. BTC’s price is trading between the 1 fibonacci level [$18,914.6] and 0.886 [$20,287.2], at the time of writing. Bullish traders were able to successfully backtest and close above a critical level of inflection [$19,891] on Tuesday. Bullish traders are now aiming to crack overhead resistance levels at 0.886, 0.786 [$21,491.3], and 0.618 [$21,491.3]. Conversely, the targets of bearish traders to the downside of the chart are the 1 fib level…