VeChain Foundation’s Q2 Reserves Down by 44% Over Q1
VeChain Foundation’s financial report disclosed $535 million in crypto reserves for the Q2 of 2022. Read CNL to learn more.
Market News
Report Says SEC and Tim Draper Got Duped Big-Time by a Fake Satoshi
An imposter that carries the name of Satoshi Nakamoto reportedly tried to deceive the SEC and Tim Draper. Read CNL to learn more.
Read This Before You Say ‘The Bottom Is In’
Stanley Druckenmiller made sobering statements about the current situation of the US economy. He predicts the US will have a recession by 2023. Meanwhile, some crypto analysts believe BTC will go as low as $14,000 this year. By this time, many people, especially traders and investors in various markets aside from cryptocurrency, would have thought that the market has already found its bottom. The US dollar’s continuous rise despite everything crashing down may prompt others to believe that stocks and bonds will follow. But that may not be the wisest assumption. Billionaire investor Stanley Druckenmiller made headlines today after stating
Fox Journalist Calls to Investigate SEC Amid XRP Lawsuit
Fox Journalist Eleanor Terrett said there are conflicts of interest in the SEC over the XRP lawsuit. Source of Terrett said Bill Hinman pushed the case, despite the SEC and Ripple being willing to settle. Atty. John Deaton was positive that they’ll get an investigation after midterms. The SEC vs Ripple’s XRP lawsuit once again built a commotion on Twitter, as Journalist Eleanor Terrett of Fox Business said there are “definite conflicts of interest” and a need to put an investigation over SEC members then and now. The commotion began after Bill Hinman, former director of the SEC’s Division of
Here’s One Reason Why Buterin Is Happy With the Bear Market
NFT trading volumes have dropped by 97% from their all-time high in January 2022. Monthly volume has reached only $467 million this September when its highest was $17.2 billion. Vitalik Buterin criticizes NFTs and he considers NFT trading as a sort of “gambling.” It appears there is one subsector of the crypto space that is affected more by the current crypto bear market than regular cryptocurrencies — non-fungible tokens (NFTs). Specifically, the NFT trading volumes appear to be dead. According to an article by Bloomberg, NFT trading volumes have dropped by 97% from their peak in January 2022. Back in
NY Times: Worldwide Currencies Tumbles Except Bitcoin
While global major assets plunges, Bitcoin slightly increased. Major currencies all over the world weakened over the strong US dollar. Bitcoin saw an increase of 6.5 percent during this week. Over the past few weeks, currencies all over the world tumbles against the US dollar, forcing an increase in the prices of basic necessities, the rate of debt payments, and the risk of a global recession by 2023. A strategist at Morgan Stanley outlined that the latest rally of the US dollar will start an “untenable situation” for risky assets that could lead to a financial or economic crisis. Earlier
VeChain Partnership Integrates Pharmaceutical Industry
Their complimentary technologies have been integrated as a result of their partnership. The Goods provided are an essential aspect of human life and nutrition. VeChain Thor (VET) is a blockchain designed to address real-world economic issues. In August, the VeChain team announced a partnership with TruTrace Technologies in a blog post. TruTrace is a blockchain platform developer for the legal cannabis, food, apparel, and pharmaceutical industries. The collaboration has resulted in the integration of their complementary technologies, as part of a drive to increase the usage of blockchain to assure product provenance and authenticity. Food, clothing, medications, and even the
Crypto Investor: British Pound Dropping Like Shitcoin
The pound drops to a new record low after the UK stressed more tax cuts. Crypto investor Lark Davis compared the dropping GBP to a ‘Shitcoin’. The Bank of England is expected to make a move if the situation gets worse. The British pound (GBP) plunges to a record low after the UK government vowed to assert more tax cuts, which fuels uncertainty that will bring new tax policies that will affect both equities and cryptocurrencies. In a tweet, popular bitcoin and crypto investor Lark Davis told his 1 million Twitter followers how troubled he was with the plummeting price
Interpol Requests Global Arrest of Terra’s Do Kwon
Interpol seeks worldwide arrest to Terra’s co-founder Do Kwon. Seoul Prosecutors said Kwon was “obviously on the run.” Reportedly, Kwon was charged with the collapse of Terra’s ecosystem. The International Criminal Police Organization (Interpol) sent out a “Red Notice” request to law enforcement all over the world in order to “locate and arrest” Terraform Labs founder Do Kwon. According to an article published by Bloomberg, South Korean prosecutors in Seoul sent them a text message, confirming the international police organization’s issuance of a Red Notice for Kwon. Thus, acknowledging the charges Kwon faces in the country corresponding to Terra’s downfall.
Moscow Exchange To Become a Cryptocurrency Exchange
MOEX is imposing a bill to make it a crypto exchange. The measure lies in the hands of the Central Bank. Twitter users have criticized the move by the Moscow Exchange. The largest stock market, the Moscow Stock Exchange (MOEX), has agreed to draft legislation allowing it to function as a cryptocurrency exchange. This is brought to us by an update from the Bitcoin Archive. The demand for cryptocurrencies grows day by day, and various governments, notably Russia, are seeking measures to satisfy it. The measure by the Moscow exchange is presently in the hands of the Central Bank, which
CMC: The Market Is Finally Greener
According to Coinmarketcap`s Daily Chronicle, “it’s finally green”. The overall market has seen a Total Market Capitalization of $929.44 Billion. Bitcoin is up by 3.68 percent. The current crypto downturn has seen individual traders, as well as organizations and cryptocurrency pairs, suffer severe losses in their operations. However, according to Coinmarketcap`s Daily Chronicle, “it’s finally green.” The CMC media team believes that even when the changes are minor, it’s still getting green. This comes after the overall market has seen a Total Market Capitalization of $929.44 Billion which is significantly a 0.65 percent increase over the last 24 hours. The
XRP Makes 50% Gain Leaving Top Coins in the Dust
XRP is the top gainer among leading cryptocurrencies with an almost 50% surge in the last 7 days. Earlier this week, Ripple executives requested the judge to expedite the lawsuit. On the other hand, leading cryptocurrencies are struggling to regain key support levels. XRP makes the headline in the crypto space as the altcoin poses an incredible surge. In the last 7 days alone, the embattled cryptocurrency has skyrocketed by around 50%. As seen from the chart above, XRP has made a convincing surge. This is despite recent assaults that various financial markets have received due to widespread fear, uncertainty,
