Market News

Crypto Market Signifies Steady and Greedy Recovery
Crypto Market Signifies Steady and Greedy Recovery

Crypto analysts believe the crypto market is heading towards a ‘clean-up’ phase.  We will likely see the downfall of all shit projects and shit coins.  In return, promising new projects will flourish instead. The crypto market has been moving in a green, upward motion over the last few days. In particular, both Bitcoin (BTC) and Ethereum (ETH) have had a decent surge in their prices since the past week.  This led many crypto analysts to further study crypto charts in order to determine the possibility of reaching the bottom. After all, such news would be very welcome after the brutal

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Gucci-Boutiques-now-Accept-Apecoin-For-Payment
Gucci Boutiques now Accept Apecoin For Payment

Now, several Gucci boutiques accept Apecoin for payment. The Apecoin team announced the news on their blog. It is not yet clear what the long-term plans are for Gucci’s Apecoin experiment. The action taken by the boutique firm is Yet Another Step in the House’s Exploration of Web3 technologies, which they have been active in since early 2020. The move also represents an incremental advance in the use of Apecoin as a means of payment for online transactions. The Apecoin team announced the news on their blog, writing: “We’re excited to announce that Gucci is now accepting Apecoin payments for

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Micheal-Saylor-to-Transition-to-Executive-Chairman
Micheal Saylor to Transition to Executive Chairman

Bitcoin’s Michael Saylor is leaving his role as the CEO of MicroStrategy. Phong Le will take over as the CEO from his post as President. The changes are expected to take effect on Aug. 8. Michael Saylor, a maximalist in the Bitcoin (BTC) camp, has announced that he will leave his post as president and CEO of MicroStrategy, the company he helped create in 1989. In a filing with the U.S. Securities and Exchange Commission (SEC), Saylor said he would relinquish his role as CEO but remain with the business intelligence software firm as its executive chairman. MicroStrategy announced that

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New-York-urges-crypto-market-crash-victims-to-speak-out
New York Urges Crypto Market Crash Victims To Speak Out

The Attorney General for the State of New York has issued an investor alert. New Yorkers who have been affected by crypto frauds are strongly encouraged to report The cryptocurrency industry has been rife with scams and fraudulent behavior. Letitia James, the Attorney General for the State of New York, has issued an investor alert warning anyone harmed or misled by the cryptocurrency crash to contact her office. Investors have been left in financial ruin as many high-profile cryptocurrency companies have halted customer withdrawals, implemented massive layoffs, or sought bankruptcy. Office of the Attorney General (OAG) is looking for New

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Crypto-Heists-Explained-How-to-Avoid-Crypto-Hacks
Crypto Heists Explained: How to Avoid Crypto Hacks

Nomad Token Bridge lost over $190 million due to a fault in its security. The exploit began with one hacker and led to hundreds others.  The platform was left with $1,000 and Redditors discuss the need to prioritize security. Nomad Token Bridge suffered a drastic hit when the platform was syphoned over $190 million in crypto. The Coinbase and OpenSea-backed platform lost its assets over a series of transactions.   In detail, the exploit is what Redditors on the CryptoCurrency thread are calling ‘the first truly decentralized robbery’. To highlight, Nomad Token Bridge went from having $190,740,000 to $1,000 in just

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Redditors-Recognize-Signs-for-Crypto-Bull-Market-Start
Redditors Recognize Signs for Crypto Bull Market Start

Two posts on Reddit indicate the onset of a crypto bull market.  The first post says Bitcoin (BTC) will have monthly gains to rival that of October 2021.  The second post highlights signs for the commencement of a crypto bull market. As 2022 settles deeper into Q3, the market seems to be leaning towards bright green signs for the crypto industry. Indeed, it looks like the stoic crypto winter is finally at an end. Crypto Redditers discuss the clear and high signs of the onset of a crypto bull market.  To highlight, two posts on the CryptoCurrency Reddit thread have

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FIL,-ETC,-and-ICP-Boost-to-Over-+70%
FIL, ETC, and ICP Boost to Over +70%. Will You Buy or Not?

FIL, ETC, BTG, LDO, and ICP boosts market price Bitcoin nearly reached $24K USDC might flip USDT The cryptocurrency space never fails to surprise its investors with its impressive performance. Filecoin and Ethereum classic are some of the top cryptocurrencies that stormed the crypto market today. Source: CoinGecko As seen in the chart above, cryptocurrencies such as Filecoin, Ethereum Classic, Bitcoin Gold, Lido DAO, and Internet Computer recorded a huge growth rate averaging from +27% to +76% in the past 7 days. Best of all, this aggressive performance was performed by these cryptocurrencies despite the market carnage nowadays.  Meanwhile, Bitcoin,

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11-Year-Cryptocurrency-Prediction-Turning-into-Reality
11-Year Cryptocurrency Prediction Turning into Reality

11 years have surpassed since the prediction was done. Bitcoin mining is dominated by a handful of large companies. We’ve seen a dramatic shift in the bitcoin mining landscape. In 2011, a Reddit user made a post on the bitcoin subreddit that accurately predicted the future of bitcoin mining and renewable energy. In his post, the user argued that as bitcoin mining difficulty increased, miners would eventually turn to alternative energy sources such as solar and wind power.  He also predicted that the mining industry would consolidate into a few large players who could afford to invest in renewable energy.

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Total-Crypto-market-cap-keeps-pushing-up
Total Crypto Market cap Keeps Pushing up

The cryptocurrency market capitalization is now $1.019 trillion. On July 18, crypto traders celebrated as the overall market capitalization reclaimed $1 trillion. The market is being driven by factors including strong technical indicators. The cryptocurrency market capitalization has grown to $1.019 trillion, with Bitcoin’s dominance rate standing at 41.6 percent. The total value of all cryptocurrencies has increased by $274 billion in the past week. On July 18, crypto traders celebrated as the overall market capitalization reclaimed $1 trillion after weeks of widespread selling following Bitcoin (BTC) price plunging below $18,000.  BTC’s Dominance chart, source: trading view Data from TradingView

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Bank-Santander-to-Offer-Crypto-Trading-to-Brazil
Bank Santander to Offer Crypto Trading to Brazil

Santander is one of the largest banks in the world. Santander has been at the forefront of blockchain and crypto adoption. Brazil’s central bank is preparing to launch its own digital currency, the Brazilian Real (BRL). Spanish banking multinational Santander plans to offer crypto trading to its clients in Brazil in the coming months, Santander Brazil CEO Mario Leao said on Thursday. The move would make Santander the first major bank to offer such services in Brazil. Leao said that the bank is “studying” the possibility of offering crypto trading to its clients, but did not give a timeline for

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Big-Brazil-Equities-Broker-Offers-BTC-and-ETH-Trading-Services
Big Brazil Equities Broker Offers BTC and ETH Trading Services

One of Brazil’s renowned equities brokers has joined the Bitcoin (BTC) revolution. XP Inc will soon offer Bitcoin (BTC) and Ethereum (ETH) crypto trading services. The offer will be available to clients from mid-August, more assets will join by 2022 end. Brazil joins the Bitcoin revolution as one of the biggest Brazilian equities brokers — XP Inc, made a huge decision. In detail, XP Inc will soon offer its customers the chance to trade Bitcoin (BTC). To highlight, it will start with 3.6 million customers in August.  To begin, the Brazilian brokerage will open its digital trading platform by initially

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Brazil’s-Nubank-Welcomes-Over-1M-Crypto-Users-Within-a-Month
Brazil’s Nubank Welcomes Over 1M Crypto Users Within a Month

Brazil’s Nubank now has over 1 million crypto users on its platform.  This influx of crypto users came in just one month after opening crypto trades on the app. More financial firms are offering crypto-driven services in the nation. Brazil continues to impress the crypto industry by making headlines. The latest of which is about its increasingly popular neobank — Nubank. To highlight, Nubank is now home to over 1 million crypto users.  This is great news for the neobank, especially since it only just launched its Bitcoin (BTC) and crypto trading services to its clients only a month ago.

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