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August 2022

CryptoPunk, Meebits Owners can now Create Commercial Projects With Their NFTs

CryptoPunk, Meebits Owners can now Create Commercial Projects With Their NFTs

Leave a Comment / Crypto/Blockchain, NFTs /

Owners of CryptoPunk and Meebits non-fungible tokens (NFTs) can now create commercial projects and products based on their NFTs. The announcement comes following Yuga Labs’ release of its long-awaited intellectual property (IP) licensing deal for CryptoPunk and Meetbits NFT holders on Monday. Yuga Labs first bought the collections from Larva Labs in March, and holders of these […]

CryptoPunk, Meebits Owners can now Create Commercial Projects With Their NFTs Read More »

Colombia Plans to Launch Digital Currency to Reduce Tax Evasion

Colombia Plans to Launch Digital Currency to Reduce Tax Evasion

Leave a Comment / Cryptocurrency, Regulation /

The government of Colombia revealed it has plans to launch a digital currency. One of the purposes of this new currency would be to curb tax evasion and enhance the traceability of transactions made by citizens. The proposed measure would also be accompanied by restrictions on cash payments and transactions of over 10 million Colombian

Colombia Plans to Launch Digital Currency to Reduce Tax Evasion Read More »

UK inflation hits new 40-year high of 10.1% as food and energy price surge continues

UK inflation hits new 40-year high of 10.1% as food and energy price surge continues

Leave a Comment / Global Financial News /

KEY POINTS The consumer price index rose 10.1% annually, according to estimates published by the Office for National Statistics on Wednesday, above a consensus forecast of 9.8% and up from 9.4% in June. Rising food prices made the largest upward contribution to annual inflation rates between June and July, the ONS said in its report.

UK inflation hits new 40-year high of 10.1% as food and energy price surge continues Read More »

What do cryptocurrency pump-and-dump groups do? Are they legitimate?

What do cryptocurrency pump-and-dump groups do? Are they legitimate?

Leave a Comment / Cryptocurrency /

Pump-and-dump operations, which fraudulently manipulate prices by disseminating false information, have existed in economic contexts since at least the 1700s. For instance, con artists with shares in the South Sea Company started making false statements about the business and its revenues in the beginning of the eighteenth century. The plan was to inflate the stock

What do cryptocurrency pump-and-dump groups do? Are they legitimate? Read More »

Argentina Ethereum Conference Highlights Crypto’s Growing Reach in the Country

Argentina Ethereum Conference Highlights Crypto’s Growing Reach in the Country

Leave a Comment / Cryptocurrency /

The country continues to serve as a hotbed of crypto innovation even as it faces its latest financial crisis. ETHLatam drew more than 4,000 people. Last Thursday, while the Argentine government was announcing that July inflation had reached a whopping 7.4%, the highest monthly rate in 20 years, thousands of locals were walking into the Convention

Argentina Ethereum Conference Highlights Crypto’s Growing Reach in the Country Read More »

Blue chip NFT performance fails recovery, but investors HODL even harder

Blue chip NFT performance fails recovery, but investors HODL even harder

Leave a Comment / NFTs /

In the last 30 days, over 53% of NFT investors made losses on sale trades. Despite the cold market sentiment, the number of investors that hold their NFT investments continues to rise. The market performance of blue chip nonfungible tokens (NFTs), often considered a good long-term investment, revisited its all-time low range for the second time

Blue chip NFT performance fails recovery, but investors HODL even harder Read More »

LATAM’S LARGEST INVESTMENT BANK BTG PACTUAL LAUNCHES BITCOIN, CRYPTO EXCHANGE

LATAM’S LARGEST INVESTMENT BANK BTG PACTUAL LAUNCHES BITCOIN, CRYPTO EXCHANGE

Leave a Comment / Bitcoin News /

BTG Pactual has launched Mynt, a new exchange for bitcoin and other cryptocurrencies in Brazil focusing on education in the ecosystem. The largest investment bank in Latin America just launched a cryptocurrency exchange in Brazil. The exchange will only support bitcoin and one other cryptocurrency at launch. BTG Pactual holds about $200 billion in assets

LATAM’S LARGEST INVESTMENT BANK BTG PACTUAL LAUNCHES BITCOIN, CRYPTO EXCHANGE Read More »

Walmart sticks with second-half outlook after earnings beat expectations

Walmart sticks with second-half outlook after earnings beat expectations

Leave a Comment / Business /

KEY POINTS Walmart topped analysts’ expectations for earnings and revenue in the fiscal second quarter, even as consumers pulled back in discretionary categories like apparel. The retailer’s profits are under pressure, but it is wooing more middle- and higher-income customers who have turned to the discounter for low-priced food and essentials because of inflation. The

Walmart sticks with second-half outlook after earnings beat expectations Read More »

Galaxy Digital Terminates .2 Billion Bitgo Acquisition Deal, Crypto Firm Still Plans for Nasdaq Listing

Galaxy Digital Terminates $1.2 Billion Bitgo Acquisition Deal, Crypto Firm Still Plans for Nasdaq Listing

Leave a Comment / Cryptocurrency /

Galaxy Digital Holdings and the company’s CEO and founder Mike Novogratz announced the company has “exercised its right to terminate” a previously announced acquisition of Bitgo. According to Galaxy the termination of the deal was due to Bitgo’s “failure to deliver” audited financial statements for 2021. Galaxy Ends Deal With the Crypto Custodian Bitgo On

Galaxy Digital Terminates $1.2 Billion Bitgo Acquisition Deal, Crypto Firm Still Plans for Nasdaq Listing Read More »

Tornado Cash Community Fund Signatories Relinquish their Positions

Tornado Cash Community Fund Signatories Relinquish their Positions

Leave a Comment / Top Alt Coin News /

The sanctions on the cryptocurrency mixing protocol, Tornado Cash, by the US Treasury Department are causing more internal wranglings for the platform than projected. In the latest update, the signatories to the protocol’s community funds have relinquished their role, automatically ceding control of the funds to the Decentralized Autonomous Organization (DAO). Tornado Cash had a robust and functioning ecosystem

Tornado Cash Community Fund Signatories Relinquish their Positions Read More »

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