Business

Bitcoin holds $20K, but analysts say BTC open interest leaves room for ‘more deleveraging’

[ad_1] Bitcoin (BTC) price continues to struggle at $20,000 and repeat dips under this level have led some analysts to project deeper downside in the short-term. Earlier in the week, independent market analyst Philip Swift tweeted that the Crypto Fear and Greed Index had dropped back to back to “Extreme Fear,” reflecting softening sentiment among investors. The market is not enjoying $BTC hanging around $20k. Back into Extreme Fear today. Live
BLOCKCHAIN

Crypto Twitter shares security concerns regarding Meta’s recent NFT integration news

[ad_1] On Aug 29, Facebook and Instagram’s parent company Meta announced that its users will now be able to post digital collectibles and Non-Fungible Tokens, or NFTs, across both platforms by simply connecting their digital wallets to either site.We’re introducing the ability to post digital collectibles across @facebook and @instagram. You can now connect your digital wallet to either app to share your #NFTs on both. What NFT are you
Business

Ticketmaster selects Flow blockchain for minting NFT event tickets

[ad_1] According to Flow, a digital engagement layer-1 blockchain created by Dapper Labs, Live Nation's subsidiary Ticketmaster has unveiled nonfungible tokens (NFTs) tickets for event organizers minted on its blockchain. The primary purpose of the NFT tickets will be for commemorative value. But aside from a memento, they can also be used as proof of attendance for notable concerts. However, such virtual commemorative tickets are not valid for entry. One still needs
Business

US Federal Reserve discussion paper takes cold, hard look at DeFi, gives it mixed review

[ad_1] There are more than 1,400 DApps in operation and their number is growing rapidly, according to a United States Federal Reserve Board discussion paper dated in June but released on Aug. 30. Ethereum is their biggest host with 470, or 31%, of them. Those decentralized finance (DeFi) products represent a very small share of the global financial system, but may still pose risks to financial stability, the authors said.The
Business

South Korean authorities arrest 16 individuals connected to $2B crypto forex transactions: Report

[ad_1] Authorities with South Korea’s customs service have reportedly arrested 16 people involved in illegal foreign exchange transactions connected to crypto assets worth roughly $2 billion.According to a Tuesday report from South Korean news agency Newsis, the country’s customs authorities plan to prosecute 2 unnamed individuals linked to the illicit transactions, impose fines on 7 people related to negligence, and continue investigating the remaining seven. Since February, the Korea Customs
Business

A16z proposes a set of licenses especially for NFTs, based on Creative Commons model

[ad_1] Venture capital firm Andreessen Horowitz (A16z) announced Wednesday that it had devised a set of six licenses tailored to nonfungible tokens (NFTs) and based on the model pioneered by Creative Commons. Like Creative Commons licenses, there is a range of rights available through a variety of the proposed NFT licensed, titled Can’t Be Evil licenses.In a blog post, A16z general counsel Miles Jennings and general partner Chris Dixon wrote
Business

Hardware wallet Trezor enables direct crypto purchases with MoonPay

[ad_1] Hardware walletcompany Trezor is moving to enable direct crypto purchases with a new partnership with the crypto fintech startup MoonPay.Trezor, Czech Republic-based hardware wallet provider, has partnered with MoonPay to allow its customers to buy crypto directly in their hardware wallet, according to an announcement on Wednesday.Backed by major industry investors including Tiger Global and Coatue, MoonPay is a crypto payment service that allows users to buy and sell
Business

Mt. Gox trustee releases repayment procedures update

[ad_1] Mt. Gox trustee Nobuaki Kobayashi released updated information on Aug. 31 regarding the rehabilitation plan for creditors of the long defunct crypto exchange. According to the file, the restriction reference period starts on September 15, in which "the assignment, transfer or succession, provision as collateral, or disposition by other means of rehabilitation claims are prohibited."Kobayashi confirmed that creditors have until September 15 to submit claims regarding funds lost when
Business

Bybit expands spot USDC trading pairs as support for stablecoins grows

[ad_1] Crypto derivatives exchange Bybit has partnered with stablecoin issuer Circle Internet Financial to expand its suite of spot trading pairs denominated in USD Coin (USDC) — a move the company says will increase retail and institutional access to USDC-settled products. Under the partnership agreement, Bybit will expand its USDC spot pairs to include several additional cryptocurrencies and make auto conversions between the United States dollar and USDC available, the company disclosed
Business

BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB

[ad_1] Bitcoin (BTC) price has been trying to change course while the S&P 500 is still giving up gains on a daily basis. Even though the United States equities markets have been grinding lower since Aug. 26, Bitcoin has managed to hold on to the $20,000 mark. However, investor interest seems to be shifting away from Bitcoin. That has led to a reduction in assets under management (AUM) for Bitcoin investment