[ad_1] Bitcoin (BTC) remains a popular institutional investment target in July, but the money is not betting on a bright future.According to data from research firm Arcane Research published July 6, institutional flows focused on products offering exposure to shorting BTC in the first week of the month.Shorting Bitcoin is the name of the gameSince launching in the United States in late June, the ProShares Short Bitcoin Strategy ETF (BITI),
[ad_1] In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance (DeFi) and blockchain space, as well as their roles in shaping the economy of the 21st century.The post-mortem consensus on the crypto market crash among industry leaders ranging from Polygon co-founder Mihailo Bjelic to billionaire crypto investor Mark Cuban is that bear markets are a healthy way of cleansing the
[ad_1] Bitcoin (BTC) mining companies have suffered in 2022 due to the crypto bear market. Nonetheless, their stocks collectively saw a sharp rebound on July 6, raising hopes that investors have started to buy the dips.One of the intraday winners was Bitfarms (TSE: BITF), which surged by over 24% to close at $1.29. Similarly, Marathon Digital Asset Holdings (NASDAQ: MARA), Core Scientific (NASDAQ: CORZ), and Cathedra Bitcoin (CVE: CBIT) rose by
[ad_1] Blockchain analysis firm Glassnode recently characterized the 2022 bear market as the worst on record. This seems to be the case due to events such as the war in Ukraine and rising inflation, coupled with serious problems among centralized crypto exchanges. Yet, the bear market hasn’t negatively impacted all players in the crypto ecosystem. Hardware wallet providers seem to be benefiting from the massive amount of crypto withdrawals from centralized
[ad_1] DappRader's Dapp industry report for Q2 2022 raised, among many points, the idea that an upcoming non-fungible platform war could be on the horizon.The report, which was provided to Cointelegraph, spoke of how UniSwap recently acquired Genie and OpenSea purchased Gem in an effort to expand their respective services to include NFT aggregation tools, which “accumulate NFT offers from various trading platforms”. Meanwhile, newer platforms such as Magic Eden
[ad_1] As crypto winter sets in once more, industry players in Australia, one of the world’s most crypto-friendly nations, watch closely for a shift in the regulatory climate.Anthony Albanese, the new Australian Labor Party prime minister, has made regulating crypto a top priority. However, neither he nor his cabinet has given a clear indication of how it may approach the unregulated space. No word yet on whether Australia’s innovative crypto legislation
[ad_1] Ethereum domains showed an increase in demand as Ethereum Name Service (ENS) registration totaled 126,141 registrations in just one week. The ENS Dashboard, a data tracker created by developer Nick Johnson, showed that registrations went from 11,042 to 29,727, showing an increase of over 200% over the weekend. This happened amid the second-largest .eth domain sale when “000.eth” was bought on Sunday at 300 Ether (ETH), which is worth around $320,000
[ad_1] What did you do in the 2022 bear market, anon? For one Bitcoiner, the opportunity to take on a second job to “stack sats” (buy more Bitcoin (BTC)), was too great. Isaiah, the founder of the Cleveland Bitcoin Meetup, is delivering food to Ohio residents to earn cash on the side.Isaiah told Cointelegraph “I joined Door Dash 2 years ago. But I only recently started doing it again once
[ad_1] Salvadorans living abroad hsent over $50 million in remittances from January to May this year, according to the El Salvador Central Reserve Bank.Douglas Rodríguez, president of the El Salvador central bank, unpacked the general economic outlook for the country on the local television news program Frente a Frente on Wednesday.A major takeaway was the $52 million of remittances processed by national digital wallet service Chivo through the first five
[ad_1] Despite the Chinese government banning all kinds of cryptocurrency transactions last year, some firms apparently still use stablecoins like Tether (USDT) to pay their employees.Beijing’s Chaoyang District People’s Court has ruled that stablecoins like USDT cannot be used for salary payments, the local news agency Beijing Daily reported on July 6.The Chinese court stated that virtual currencies like USDT cannot circulate in the market as a currency, which requires
