Sango crypto hub goes live in the Central African Republic

[ad_1] The Central African Republic (CAR) has launched its new government-backed Sango crypto hub initiative to foster the development of the local digital asset sector. The Sango project follows the CAR’s adoption of Bitcoin (BTC) as legal tender in April. The initiative aims to attract businesses and global crypto talent/enthusiasts, ramp up local BTC adoption and oversee the rollout of crypto regulatory frameworks and infrastructure. A Metaverse platform dubbed “The

SBF denies FTX is eyeing distressed crypto mining companies

[ad_1] Sam Bankman-Fried, the founder of crypto exchange FTX, has calmed speculation that the company is exploring acquisitions of distressed crypto mining companies, clarifying on Twitter on Saturday that they “aren’t really looking into the space.”“Really not sure why the meme about FTX and mining companies is spreading, the actual quote was that we *aren't* really looking into the space,” clarified Bankman-Fried on Twitter on July 2. Speculation that the

Cardano Vasil upgrade successfully launches on testnet

[ad_1] The much-anticipated Vasil hard fork has been completed on the Cardno testnet, bringing it one major step closer to becoming a reality on the mainnet and promising broad performance upgrades.Project developers, stake pool operators (SPO), and exchanges are now encouraged to deploy their work on the testnet to ensure integrations run smoothly when the mainnet gets the Vasil treatment in about four weeks.We’re happy to report that today at

Are expiring copyrights the next goldmine for NFTs?

[ad_1] Although non-fungible tokens (NFTs) are most commonly known in the form of digital art, they exist in many other forms and represent much more than just art. In the creative industry, NFTs have been used by musicians such as Kings of Leon to release their latest album. In the sports industry, NFTs are created to record the highlights of major sporting events such as the NBA. In the consumer product

Bitcoin addresses in loss hit all-time high amid $18K BTC price target

[ad_1] 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: TradingViewBollinger bands signal volatility dueData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it stuck to $19,000 rigidly for a third day running.The pair had gone light on volatility overall at the weekend, but at the time of writing was still on track for

Bitcoin’s inverse correlation with US dollar hits 17-month highs — what’s next for BTC?

[ad_1] Bitcoin (BTC) has been moving in the opposite direction of the U.S. dollar since the beginning of 2022 — and now that inverse relationship is more extreme than ever.Bitcoin and the dollar go in opposite waysNotably, the weekly correlation coefficient between BTC and the dollar dropped to 0.77 below zero in the week ending July 3, its lowest in seventeen months. Meanwhile, Bitcoin's correlation with the tech-heavy Nasdaq Composite

The crypto industry needs a crypto capital market structure

[ad_1] The past few weeks have been interesting and have surfaced what we in the financial services industry call matters requiring attention, or MRAs. An MRA describes a practice that deviates from sound governance, internal controls and risk management principles. These matters that require attention have the potential to adversely affect the industry and increase the risk profile. I have always focused on technology and innovation-led business models — systems and

What is a bull trap, and how to identify it?

[ad_1] Here’s how to spot a bull trap with some tell-tale indicators that one is on the way: RSI divergence A high RSI might be an indication of a potential bull or bear trap. A relative strength index (RSI) calculation may be used to identify a possible bull or bear trap. The RSI is a technical indicator, which can help determine whether a stock or cryptocurrency asset is overbought, underbought

6 Questions for Alyssa Tsai of Panony – Cointelegraph Magazine

[ad_1] We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Alyssa Tsai, founder and CEO of Panony — an incubator, investor and adviser for blockchain and Web3 business. My name is Alyssa Tsai, and I’m the founder and CEO of Panony. There are three pillars