Web3 will unite users from social media platforms, says Aave exec

[ad_1] Web3, the third iteration of the internet, is rapidly approaching the consumer mainstream with the promise of disrupting the status quo of digital interactions and creating a new paradigm for democratic engagement. Lens Protocol is a decentralized social graph built by Aave with the vision of cultivating a Web3 environment in which creators are the primary point of focus. Centered around nonfungible tokens (NFT), Lens hosts capabilities for developers to

Majority of British crypto owners revealed to be hodlers: Survey

[ad_1] An average crypto asset holder in Great Britain would be young, male and hodler. And they would consider crypto to be a ‘fun investment.’ Such are the findings from the fresh research, conducted by Her Majesty Revenue and Customs (HMRC) with the help of research agency Kantar UK and published on Tuesday. Taking a quantitative approach, the research sought to establish the prevalence of owning crypto assets, the types and

85% of merchants see crypto payments as a way to reach new customers: Survey

[ad_1] While the market goes steady, the crypto ecosystem continues to grow as merchants innovate and adopt cryptocurrency payments in their quest to gain new customers. Data platform PYMNTS collaborated with Bitpay to survey merchants, in an attempt to understand the trends on what the participants expect from digital currencies and their effect on payments and businesses. In the report titled "Paying With Cryptocurrency," the researchers found that among businesses with an

Crypto tax deters 83% Indian investors from crypto trading: WaxirX report

[ad_1] The implications of what anti-crypto regulations can do to a thriving economy can be seen first-hand unfolding in India. Supporting the massive decline in trading volumes across all Indian crypto exchanges, a report from WazirX reveals a change in investor sentiment as the Indian government imposed its second crypto law — a 1% tax deduction at source (TDS) on every crypto transaction.Trading volumes on Indian crypto exchanges saw an

Korea and US agree to share investigation data on Tera-Luna

[ad_1] South Korean justice minister Han Dong-hoon was in New York recently to discuss various ways in which the two nations can corporate on investigations associated with financial crimes, especially crypto-related crimes.Hoon met with Securities and Commodities Task Force co-chief Andrea M. Griswold, at the U.S. Attorney's Office for the Southern District of New York along with Scott Hartman, chief of the Securities and Commodities Fraud Task Force of the

Virginia county Fairfax commits $35M to Van Eck crypto lending fund

[ad_1] Virginia county Fairfax has begun investing a portion of a $35 million allotment into a cryptocurrency lending fund managed by global asset managers VanEck.The firm announced that it had received an initial tranche of the investment commitment from Fairfax County, which is allocating funds from two retirement systems into a variety of cryptocurrency-focused investment avenues.Fairfax County had previously hinted at delving into the world of Decentralized Finance (DeFi) yield

Bitcoin price approaches potential springboard to $23K as DXY cools surge

[ad_1] Bitcoin (BTC) approached the July 6 Wall Street open near $20,000 as a fresh battle between support and resistance loomed.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewWhale levels close byData from Cointelegraph Markets Pro and TradingView showed BTC/USD wedged in a tight trading range with liquidity creeping closer to spot on the day.After recovering 6% losses from the day before, order book data confirmed that support and resistance was now

Voyager Digital files for Chapter 11 bankruptcy, proposes recovery plan

[ad_1] Days after pausing trading, withdrawals and deposits, crypto exchange Voyager Digital is filing for bankruptcy under Chapter 11 in the Southern District Court of New York.Voyager's Chapter 11 bankruptcy filing indicated that it is on the hook for anywhere from $1 billion to $10 billion in assets to more than 100,000 creditors.The troubled crypto exchange wasted no time after the United States holiday to file for bankruptcy on July

US expansion for Huobi a step closer after it secures a FinCEN license

[ad_1] A subsidiary of the Huobi cryptocurrency exchange called HBIT Inc has received its Money Services Business (MSB) license from the United States Financial Crimes Enforcement Network (FinCEN).The Seychelles based Huobi said on July 5 that the license creates a foundation for it to carry out crypto-related business in the U.S. in the future, as part of its strategic goals of “globalization and compliance”. The exchange is a major player,

Risk profile of crypto markets similar to oil and tech: Coinbase

[ad_1] Despite some touting crypto as a hedge against traditional markets, digital assets today share a similar risk profile to commodities such as oil and gas, and tech and pharmaceutical stocks, according to analysis from Coinbase’s chief economist. The observation comes from a blog post from Coinbase chief economist Cesare Fracassi on July 6, noting that the “correlation between the stock and crypto-asset prices has risen significantly” since the 2020 pandemic.