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October 21, 2022
German crypto bank Nuri joins a growing list of crypto service providers to shutter their doors permanently amid the bear market. Three Arrows Capital. Celsius. Voyager Digital. The list of crypto bankruptcies, shutdowns and trading freezes has been endless in 2022. And the year isn’t over yet. This week, German crypto bank Nuri urged its...
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A sudden dip accompanies squabbling over Fed rate hike policy, with BTC price action recovering lost ground. Bitcoin (BTC) dipped further below $19,000 on Oct. 21 as rumors circulated over the United States Federal Reserve. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Fed still on track for major November rate hike Data from Cointelegraph Markets...
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Uzbekistan’s law enforcers were educated on blockchain analysis topics and methods for seizing crypto. The Organization for Security and Co-operation in Europe (OSCE) organized a five-day training course on cryptocurrencies and Dark Web investigation for Uzbekistan’s police and prosecution forces. The course is a part of OSCE’s consistent efforts to educate Central Asian law enforcers...
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Women in Latin America are showing an increased interest in Web3 as organizations aim to drive participation through educational content and scholarships. Interest in Web3 continues to grow despite the crypto bear market. A recent article from McKinsey noted that venture capital investments in Web3 exceeded $18 billion during the first half of 2022. Findings...
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A community member argued that the new rarity ranking protocol destroys the market-driven rarity structure for some NFT collections. While giving rarity ranks to nonfungible tokens (NFTs) on a marketplace may help collectors decide on whether to purchase NFTs or not, some argue that ranking NFTs may do more harm than good.  In a tweet,...
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Telegram said that the development of its marketplace is almost finished, and a launch date will be announced soon. The popular messaging app Telegram has developed a new marketplace that doesn’t involve nonfungible tokens (NFTs). The social messaging platform said that it is all set to launch its marketplace for auctioning unique usernames for social...
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Hong Kong’s securities regulator wants to allow retail investors to invest directly in virtual assets and to reconsider current crypto trading requirements. Hong Kong is taking action to regain its status as a global cryptocurrency hub by launching several legal initiatives related to the crypto industry. A city and special administrative region of China, Hong...
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The third quarter of 2022 has not been any kinder to Bitcoin mining operators in North America and Europe. Energy problems in North America and Europe and prevailing market conditions have spelled another bleak quarter for Bitcoin (BTC) mining operators on both continents. The latest Q3 mining report from Hashrate Index has highlighted several factors that...
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The world could be stuck with recession until Spring 2024, Musk guesses in a fresh blow to the risk asset outlook. Bitcoin (BTC) may spend the time until its next block subsidy halving battling recession, Elon Musk suggested. In a tweet on Oct. 21, the Tesla CEO revealed his belief that the world would only...
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The drop in Ethereum’s daily active addresses comes as ETH price flatlines, raising fears about a potential drop ahead. Ethereum has witnessed a substantial drop in its daily active address (DAA) count over the last four months, raising fears about more downside for Ether (ETH) price in the coming weeks. Stagnant Ethereum price spooks investors The...
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