Business

BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX

[ad_1] Bitcoin (BTC) rose above $22,000 and Ether (ETH) traded above $1,500 on July 18, indicating that bulls are gradually returning to the cryptocurrency markets. This pushed the total crypto market capitalization above $1 trillion for the first time since June 13, raising hopes that the worst of the bear market may be behind us.In another positive sign, more than 80% of the total Bitcoin supply denominated in the United
Business

Web3 dominates venture capital interest in blockchain industry in Q2 2022

[ad_1] Cointelegraph Research brings an analysis of all the deals and trends from venture capital (VC) in the blockchain industry during the second quarter of 2022.When looking at the aggregate total amount invested into the crypto industry in the second quarter, it will tell one story. However, a deeper dive into the data tells another tale. From a high level, the $14.67 billion invested in Q2 is about flat with
Business

Christie’s launches venture fund aimed at Web3 and blockchain investments

[ad_1] Christie's, the auction house known for its sales of art and luxury items, has launched an investment fund to support emerging companies with technology enabling “seamless consumption of art.”In a Monday announcement, the auction company said the fund, Christie’s Ventures, will financially support firms in Web3, “art-related financial products and solutions,” and technology related to art and luxury goods. According to Christie’s, its first investment will be in LayerZero
Business

‘Token will defeat cryptocurrency’: Russia debuts palladium-backed stablecoin

[ad_1] The Russian government-backed tokenization platform Atomyze has issued its first digital asset backed by palladium in collaboration with the local bank Rosbank.Rosbank officially announced on Monday that it became the first partner of the Russian blockchain firm Atomyze, acting as an investor in Russia’s first digital asset deal with palladium.According to the announcement, the newly issued digital asset is the first digital financial asset (DFA) issued through Atomyze. The
Business

Bitcoin price nears critical 200-week moving average as Ethereum touches $1.5K

[ad_1] Bitcoin (BTC) hovered at $22,000 at the July 18 Wall Street open as analysts warned that bulls would not break resistance in one go.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewCan Bitcoin win back bear market support?Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to consolidate after hitting highs of $22,500 on Bitstamp.That level represented the start of sell-side positions on exchanges clustered around the 200-week moving average (WMA),
BLOCKCHAIN

Will intellectual property issues sidetrack NFT adoption?

[ad_1] The rapidly growing but loosely regulated nonfungible token (NFT) industry already touches many areas of human endeavor “from academia to entertainment to medicine, art, and beyond,” wrote recently two United States senators in a letter to the U.S. Patent and Trademark Office (USPTO) and the U.S. Copyright Office. The legislators were requesting a study to explain how this emerging technology fits into the world of intellectual property (IP) rights,
BLOCKCHAIN

Africa can create an inclusive society with blockchain, says LBank CEO

[ad_1] As one of the most populated continents in the world, Africa continues to be an important target for blockchain proponents, as adoption in the region could have a significant impact on the broader crypto economy. In an interview with Cointelegraph, Allen Wei, the CEO of crypto exchange LBank, explained that blockchain can have a significant impact on Africa. Moreover, Wei highlighted that adoption within the region can have an effect
Business

Coinbase secures crypto asset service provider approval in Italy

[ad_1] The United States-based cryptocurrency exchange Coinbase continues aggressive European expansion by securing approval to offer crypto services in Italy.Coinbase announced on July 18 that it has obtained the Crypto Asset Service Provider approval from the Italian Anti Money Laundering regulator, Organismo Agenti e Mediatori (OAM).According to a post by Nana Murugesan, Coinbase’s vice president of international and business development, the approval will allow Coinbase to continue to offer crypto services
Business

BTC hits $22K, ETH ‘giga mooning’

[ad_1] Bye bye Monday blues, hello bullish news – the total crypto market capitalization has retaken the $1 trillion level. The crypto market cap is now almost as valuable as all the silver on the planet.A price pump for Bitcoin (BTC) brought the world’s most decentralized cryptocurrency into the $22,500 range, while Ethereum (ETH) enjoyed a double-digit “giga pump” to kiss the $1,500 mark. Their combined efforts have culminated in
Business

Ethereum price breaks out, hits 2-month high versus Bitcoin — is the rally sustainable?

[ad_1] Ethereum's native token Ether (ETH) has successfully avoided a bearish technical setup to reach a two-month high against Bitcoin (BTC).ETH price bear flag invalidatedThe ETH/BTC pair invalidated its prevailing "bear flag" pattern after Ethereum developers announced this July 14 that their long-awaited switch to proof-of-stake (called the Merge) will most likely occur in September.ETH/BTC has rallied by more than 22% since the announcement, reaching 0.067, its highest level since May