French central bank head announces beginning of wholesale digital euro project phase 2
The French presidency of the European Union winds down with the completion of wCBDC experiments, the design of a proprietary blockchain and an automated market maker platform. The first phase of experiments with a wholesale digital euro has been completed, …
3 key metrics suggest Bitcoin and the wider crypto market have further to fall
Traders are not as fearful as they were in June, but several metrics show the market is still standing on paper-thin support levels. The total crypto market capitalization has fluctuated in a 17% range in the $840 billion to $980 …
Animoca Brands raises $75M to advance ‘open metaverse’ concept
The company behind The Sandbox continues to attract sizable investments as it eyes new acquisitions in the play-to-earn and metaverse sectors. Blockchain gaming and venture studio Animoca Brands has closed another strategic funding round, giving the company additional resources to …
BoE official compares current crypto market regulation to ‘unsafe aeroplanes’
According to Jon Cunliffe, regulators needed to accelerate efforts to find a place for crypto in current frameworks based on the principle of “same risk, same regulatory outcome.” Jon Cunliffe, deputy governor for financial stability at the Bank of England, …
3AC co-founder returns to Twitter, blames liquidators for “baiting”
The tweet attracted wild reactions from the community with several accusing the co-founder of playing the blame game while his whereabouts are unknown. Su Zhu, co-founder of Singapore-based crypto venture capital firm Three Arrows Capital (3AC), returned to Twitter after …
‘Very small chance’ BTC price could hit $24K, says trader as US dollar cools
A pause in dollar strength allows Bitcoin price action to stem losses, but the outlook is anything but positive, analysts warn. Bitcoin (BTC) fought to reclaim $20,000 on the July 12 Wall Street open as the U.S. dollar cooled its …
How to build a passive income stream from cloud mining?
Cloud mining is a far safer way to invest in cryptocurrencies and get consistent passive income without directly using mining equipment or hardware. Cloud mining is the process of mining cryptocurrency without the direct use of mining equipment or hardware. …
Bitcoin miner prices will continue to fall, F2Pool exec predicts
The majority of big crypto mining firms have sold their self-mined Bitcoin, while a few firms like Marathon, Hut 8 and Hive still hold on. The price of cryptocurrency mining hardware is likely to continue falling in the near future …
Bitcoin price indicator that marked 2015 and 2018 bottoms is flashing
This week, Bitcoin’s 150-day EMA is set to close below its 471-day EMA for only the third time in history. Bitcoin (BTC) could undergo a massive price recovery in the coming months, based on an indicator that marked the 2015 …
Swiss Post’s banking arm developing in-house crypto custody platform
Switzerland’s fifth-largest financial institution is set to develop an independent cryptocurrency trading and custody service for its clientele. Switzerland’s Post Office is set to onboard cryptocurrency trading through its banking arm PostFinance as user appetite for custody grows in the …