A Dune analytics platform user has found that more than $18.5 million worth of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) Nonfungible tokens (NFTs) have been marked as stolen or flagged for suspicious activity on Opensea to date. According to data from Dune, a user known …
Read More »P2E gaming is in a rut, but Axie Infinity (AXS) could rebound for 3 key reasons
Play-to-earn gaming was one of the breakout sectors of the cryptocurrency market in 2021 and the trend was led by Axie Infinity (AXS), a mobile, blockchain-based game where users collect, breed, raise and battle NFTs called Axies for monetary rewards. As the market topped and then entered what has become …
Read More »Bloomberg analyst tips bullish BTC recovery in next six months
Bloomberg’s senior commodity strategist Mike McGlone is tipping that the price of Bitcoin (BTC) will rebound in the second half (2H) of 2022. Sharing his thoughts to his 48,100 Twitter followers on July 6, McGlone saw positive signs in the data Bloomberg’s Galaxy Crypto Index (BGCI) and the 50-week and …
Read More »Exodus of pro-crypto financial regulators in UK amid allegations of misconduct in PM’s government
Many officials responsible for regulating the United Kingdom’s financial system have resigned following allegations Prime Minister Boris Johnson exercised “poor judgement” in appointing a member of the government. In a letter to Johnson posted to Twitter on Wednesday, Economic Secretary to the Treasury John Glen said his decision to resign …
Read More »US expansion for Huobi a step closer after it secures a FinCEN license
A subsidiary of the Huobi cryptocurrency exchange called HBIT Inc has received its Money Services Business (MSB) license from the United States Financial Crimes Enforcement Network (FinCEN). The Seychelles based Huobi said on July 5 that the license creates a foundation for it to carry out crypto-related business in the …
Read More »With the bear market in full throttle, crypto derivatives retain their popularity
The 2022 cryptocurrency bear market has been the worst on record as most Bitcoin traders are underwater and continue to sell at a loss. In response to the rapid decline of token prices, some investors have fled to safe-haven assets; some have exited the market completely and others have perplexingly …
Read More »African infrastructure firm lands $150M to launch crypto water token
South Africa-based H20 Securities has reportedly raised $150 million from the GEM Digital investment firm through the sale of the H20N token. By investing such a tremendous amount, GEM Digital will hold H20N tokens, which will be used to guide funding in water delivery infrastructure in areas that lack sufficient …
Read More »Singapore’s financial watchdog considers further restrictions on crypto
The Monetary Authority of Singapore, or MAS, has been “carefully considering” adding restrictions that could affect how retail investors handle crypto, according to one of the government’s senior ministers. According to parliamentary records published on Monday, Singapore senior minister and MAS chair Tharman Shanmugaratnam said the financial watchdog may consider …
Read More »British Army’s social media accounts hacked by crypto scammers
The British Army’s official Twitter, Facebook, and YouTube accounts were breached on July 3 for almost four hours, with scammers promoting rip-off non-fungible token (NFT) collections and cryptocurrency scams. Just after 2PM ET on July 3, the United Kingdom Ministry of Defence (MOD) Press Office tweeted it was aware the …
Read More »Bitcoin addresses in loss hit all-time high amid $18K BTC price target
Bitcoin (BTC) meandered into the weekly close on July 3 after weekend trading produced a brief wick below $18,800. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bollinger bands signal volatility due Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it stuck to $19,000 rigidly for a third day …
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