Cryptonews

Cryptonews


NFTs Winning Damien Hirst’s Art Experiment So Far as Over 2,000 Tokens Burned

Posted: 13 Jul 2022 05:00 PM PDT

As the deadline for Damien Hirst's The Currency NFT burn is approaching, more and more owners proceed to burn their NFT in exchange for corresponding original work on paper. However, NFTs still seem to be winning this art experiment.
At the time of writing, a total of 2,111 NFTs have been burned, with the owners receiving physical artworks, according to an official countdown and tracking page. This means a total of 7,889 NFTs are remaining. ...
Read More: NFTs Winning Damien Hirst's Art Experiment So Far as Over 2,000 Tokens Burned

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Stablecoin Active Addresses Hit New High After Terra Collapse While Bitcoin and Ethereum Addresses Drop

Posted: 13 Jul 2022 01:00 PM PDT

Following the collapse of Terra and the subsequent crypto crash, stablecoin active addresses surged to a new all-time high. Meanwhile, bitcoin (BTC) and ethereum (ETH) active addresses have plunged drastically during this period. 
According to a recent report by crypto intelligence firm Coin Metrics, stablecoin active addresses hit a new all-time high in May 2022, peaking at over 748,000 on May 18. This number has remained at over 650,000 since then, per the analysts. ...
Read More: Stablecoin Active Addresses Hit New High After Terra Collapse While Bitcoin and Ethereum Addresses Drop

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UK Court Allows Civil Case Claimant to File NFT Legal Documents

Posted: 13 Jul 2022 10:00 AM PDT

Non-fungible tokens (NFTs) have found a way into the British legal system – just weeks after a similar development in the United States.
Per the legal firm Giambrone & Partners, the High Court of England and Wales granted Fabrizio D'Aloia, an Italian engineer and the Founder of the online gambling firm Microgame, the right to serve court documents to the unknown operators of a scam. Documents were also sent to a number of crypto exchanges, including the market-leading Binance....
Read More: UK Court Allows Civil Case Claimant to File NFT Legal Documents

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Twitter vs. Elon Musk, Digital Euro's Phase 2, New Investments + More News

Posted: 13 Jul 2022 08:22 AM PDT

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.______...
Read More: Twitter vs. Elon Musk, Digital Euro's Phase 2, New Investments + More News

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US Inflation Jumps More than Expected in June; Bitcoin & Ethereum Fluctuate

Posted: 13 Jul 2022 05:31 AM PDT

Annual inflation in the US hit 9.1% in June, or more than what analysts had expected, and up from 8.6% in May. It reached the highest level in over 40 years. 
In a month, prices jumped 1.3%, also more than expected. The so-called annual Core-CPI (consumer price index) – which excludes prices of food and energy - stood at 5.9%....
Read More: US Inflation Jumps More than Expected in June; Bitcoin & Ethereum Fluctuate

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Bitcoin and Ethereum Consolidate Near Breakdown Support, AAVE Accelerates

Posted: 13 Jul 2022 05:00 AM PDT

Bitcoin price remained below the USD 20,000 pivot level and even spiked below the USD 19,500 support zone, but the downsides were limited. It is currently (11:45 UTC) consolidating near USD 19,800 and is unchanged in a day and down 2% in a week....
Read More: Bitcoin and Ethereum Consolidate Near Breakdown Support, AAVE Accelerates

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Bitcoin Could Fall to USD 13.6K This Year, Panel Says After Adjusting Predictions Once Again

Posted: 13 Jul 2022 04:11 AM PDT

Another survey shows a seemingly dominant sentiment that bitcoin (BTC) still has more room to fall and test new lows in the near term before skyrocketing again. In either case, the latest prediction marks the third time this year that a panel of analysts gathered by the comparison website Finder.com has had to adjust its predictions down....
Read More: Bitcoin Could Fall to USD 13.6K This Year, Panel Says After Adjusting Predictions Once Again

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Celebrities Matt Damon, Gwyneth Paltrow, Larry David Mocked for Crypto Promotions in New South Park Movie, Albeit in a Terrible Way

Posted: 13 Jul 2022 02:35 AM PDT

Several world-known celebrities, such as Matt Damon, Gwyneth Paltrow, Larry David, Naomi Osaka, and Reese Witherspoon, have been mocked for their crypto promotions in the new South Park movie that aired last night, and not in a good way. 
While this is not the first time these celebrities have been slammed for hyping the crypto market without highlighting the risks, it is arguably the worst one. ...
Read More: Celebrities Matt Damon, Gwyneth Paltrow, Larry David Mocked for Crypto Promotions in New South Park Movie, Albeit in a Terrible Way

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Celsius Still in Hotspot Despite Repayments and Is ‘Likely Deeply Insolvent,’ Regulator Claims

Posted: 13 Jul 2022 12:41 AM PDT

Crypto turmoil (yes, you guessed it) continues – and one of its key protagonists, the troubled crypto lender Celsius (CEL) remains…well...troubled.
Despite recent attempts to pay off its debts in an apparent bid to get its hands on locked-in collateral, in the United States, the Vermont Department of Financial Regulation (DFR) has issued a scathing consumer alert, where it stated that Celsius is "very likely" to be "deeply insolvent."...
Read More: Celsius Still in Hotspot Despite Repayments and Is 'Likely Deeply Insolvent,' Regulator Claims

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Bitcoin and Ethereum Continue to Weaken, SRM and QNT Rally

Posted: 12 Jul 2022 09:20 PM PDT

Bitcoin price followed a bearish path below the USD 20,500 level and even declined below the USD 19,500 support zone before moving higher again. It is currently (04:00 UTC) consolidating near USD 19,500 and is down 2% in a day and 3% in a week.
Similarly, most major altcoins are showing bearish signs. ETH traded below the USD 1,070 support zone and tested USD 1,050. XRP is consolidating near USD 0.312. ADA tested the USD 0.420 support zone.
Total market capitalization...
Read More: Bitcoin and Ethereum Continue to Weaken, SRM and QNT Rally

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Here's the 'Final Guidance' on 'Stablecoin Arrangements' by BIS and IOSCO

Posted: 12 Jul 2022 09:00 PM PDT

The Bank for International Settlements (BIS) wants to create a set of standards for the stablecoin industry that will cover payments, clearings, and settlements.
In a report released today and shared with Cryptonews.com, the BIS' Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions (IOSCO) outlined their "final guidance" on "stablecoin arrangements."...
Read More: Here's the 'Final Guidance' on 'Stablecoin Arrangements' by BIS and IOSCO

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Free-to-Mint NFT Hit The Saudis Becomes Second Most Traded Collection on OpenSea over Past Week

Posted: 12 Jul 2022 04:00 PM PDT

A new free-to-mint NFT project called The Saudis has become the second most traded collection on major marketplace OpenSea over the past seven days.
At the time of writing, the collection has notched over ETH 7,000 (USD 7.4m) in trading volume over the past week, only second to popular NFT collection CryptoPunks which has scored ETH 9,574 (USD 10m), according to rankings by OpenSea. ...
Read More: Free-to-Mint NFT Hit The Saudis Becomes Second Most Traded Collection on OpenSea over Past Week

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Central Bank: No Place for Stablecoins in Russian Economy, Only Digital Ruble Will Do

Posted: 12 Jul 2022 12:00 PM PDT

The Central Bank of the aggressor state Russia, says that it is against the idea of citizens making use of fiat-, oil-, or gold-pegged stablecoins – despite calls for the launch of such tokens from the Ministry of Finance.
The newspaper Vedomosti quoted a Central Bank spokesperson as insisting that "private" stablecoins carry "increased levels of risks," as "the pool of assets underlying them does not belong to the owner."...
Read More: Central Bank: No Place for Stablecoins in Russian Economy, Only Digital Ruble Will Do

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Gnosis Safe Gets New Name & USD 100M, STEPN Earns USD 123M, Playboy in The Sandbox + More News

Posted: 12 Jul 2022 09:05 AM PDT

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news._____...
Read More: Gnosis Safe Gets New Name & USD 100M, STEPN Earns USD 123M, Playboy in The Sandbox + More News

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Bitcoin and Ethereum Struggle to Recover, QNT and SNX Outperform

Posted: 12 Jul 2022 08:11 AM PDT

Bitcoin price settled below the USD 20,500 level, extended losses and tested the USD 19,500 support zone. BTC is currently (14:57 UTC) consolidating near USD 19,900 and is down almost 3% in a day and 2% in a week. 
Similarly, most major altcoins are gaining bearish momentum. ETH traded below the USD 1,080 support zone. XRP is moving lower towards USD 0.300. ADA tested USD 0.425 and remains at a risk of more losses.
Total market capitalization...
Read More: Bitcoin and Ethereum Struggle to Recover, QNT and SNX Outperform

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Crypto Falls Ahead of US Inflation Figure as Bitcoin On-Chain Metrics Signal ‘Oversold Conditions’

Posted: 12 Jul 2022 05:49 AM PDT

The crypto market fell on Tuesday ahead of a US inflation report for June that is feared to show that consumer prices have continued to rise at a faster pace despite interest rate hikes. Meanwhile, more on-chain signs are now indicating that a bottom for bitcoin (BTC) could be about to form....
Read More: Crypto Falls Ahead of US Inflation Figure as Bitcoin On-Chain Metrics Signal 'Oversold Conditions'

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