NFT and Web3 gaming console to launch in 2024, Chinese firms to check ID for NFT buying, and more

[ad_1] Polium, a company that markets itself as “building the products and infrastructure for Web3 gaming,” has said it's launching a gaming console that will support multiple blockchains and nonfungible tokens (NFTs).The “Polium One” console announced on July 3 is slated for an initial Q3 2024 release and will support the Ethereum (ETH), Solana (SOL), Polygon (MATIC), BNB Chain (BNB), ImmutableX, Harmony, EOS, and WAX blockchains.We are introducing the Polium

Crypto community eyeing three macro events to tip crypto scales in July

[ad_1] The crypto community is looking into three key dates this month that could profoundly impact the trajectory of the crypto market and the wider United States macroeconomic environment this year. On July 13, the monthly Consumer Price Index (CPI) and data relating to inflation will be released to the public. On July 26-27, a decision will be made as to whether to hike interest rates further, while on July 28,

Indian crypto trading volumes slump following hefty taxes

[ad_1] Trading volume on three major Indian crypto exchanges plummeted 72.5% on average since July 1, when a 1% tax per transaction was enforced in the country.The Tax Deducted at Source (TDS) came into effect on July 1 and appears to have negatively affected traders as exchange volumes dropped from 37.4% on BitBNS and 90.9% on CoinDCX by July 3. Volumes have stabilized slightly since hitting lows but are still

Institutional investors shorting Bitcoin made up 80% of weekly inflows

[ad_1] Institutional investors loaded up on a record $51.4 million worth of investment products offering exposure to shorting the price of Bitcoin (BTC) last week. According to data from the latest edition of CoinShares’ weekly “Digital Asset Fund Flows” report, there was $64 million worth of inflows for digital asset products between June 27 and July 1, with short BTC funds representing 80% of that figure. U.S.-based investors accounted for

ECB officials prepare for ‘harmonization’ of crypto regulations: Report

[ad_1] The European Central Bank, or ECB, will reportedly be preparing to implement a new law by warning European Union member states about the necessity of harmonizing regulations for crypto.According to a Sunday report from the Financial Times, the ECB was concerned about possible regulatory overlap between respective central banks in the EU and crypto companies as officials prepare to implement the Markets in Crypto-Assets, or MiCA, framework. The European

Cryptocurrency lender Vauld halts Withdrawals and Considers Restructuring

[ad_1] Along with competitors including Celsius Network and Babel Finance, Vauld, a cryptocurrency lender supported by Coinbase Inc., said it suspended withdrawals and recruited advisers to investigate a potential restructuring to withstand the market crash. According to Chief Executive Officer Darshan Bathija's blog post on Monday, the Singapore-based company has retained Cyril Amarchand Mangaldas and Rajah & Tann Singapore LLP as legal and financial advisers, respectively. The site has halted

Celsius pays down 143M in DAI loans since July 1

[ad_1] Celsius (CEL) has repaid a substantial amount of its outstanding debt to Maker (MKR) protocol since the beginning of the month, signaling that the troubled crypto lending platform was trying to stave off a complete collapse amid credible rumors of insolvency. Since July 1, Celsius has repaid $142.8 million worth of Dai (DAI) stablecoins across four separate transactions, according to data from DeFi Explorer. The crypto lender still has $82

Singapore’s financial watchdog considers further restrictions on crypto

[ad_1] The Monetary Authority of Singapore, or MAS, has been “carefully considering” adding restrictions that could affect how retail investors handle crypto, according to one of the government’s senior ministers.According to parliamentary records published on Monday, Singapore senior minister and MAS chair Tharman Shanmugaratnam said the financial watchdog may consider “placing limits on retail participation” for crypto investors as well as introducing rules on the use of leverage for crypto

Bitcoin price spikes to $20K as whale bought BTC confirms support

[ad_1] Bitcoin (BTC) rose to clip $20,000 for the first time in five days on July 4 as the Independence Day holiday brought some unexpected gains.BTC/USD 1-hour candle chart. Source:$20,000 briefly reappearsData from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking to $20,085 on the day, its best performance since June 30.The pair had spent most of the holiday weekend at around $19,000, but the absence of Wall Street trading

Multichain adds Rootstock to its blockchain bridge ecosystem

[ad_1] Multichain, a cross-chain platform, has announced the integration of the Bitcoin-based (BTC) smart contract protocol Rootstock (RSK) blockchain into its ecosystem. This will allow users to exchange Ether (ETH), USD Coin (USDC), Binance USD (BUSD), and other assets between RSK, Ethereum, and BNB Chain.According to Monday's announcement, the integration is a major milestone for Multichain because it opens up access to decentralized finance (DeFi) on Bitcoin. This addition will