Business

Crypto.com secures regulatory license in Italy

[ad_1] Digital asset exchange Crypto.com has received approval from Italian regulators to offer its services in the Mediterranean country — a move the company says aligns with its vision of “building lasting growth in the region.”On Tuesday, Crypto.com announced that it had officially received registration and regulatory approval from Organismo Agenti e Mediatori, also known as OAM, Italy’s primary anti-money laundering regulator. The approval effectively grants Crypto.com the ability to
Business

US lawmaker criticizes SEC enforcement director for not going after ‘big fish’ crypto exchanges

[ad_1] Brad Sherman, the congressperson who previously called for banning cryptocurrencies in the United States, criticized the Securities and Exchange Commission’s (SEC) approach to enforcement among major crypto exchanges.In a Tuesday hearing before the House Committee on Financial Services, Sherman said SEC enforcement director Gurbir Grewal needed to show “fortitude and courage” when pursuing securities cases against cryptocurrency exchanges in the United States. The lawmaker added that the SEC enforcement
Business

Technicals suggest Bitcoin is still far from ideal for daily payments

[ad_1] It is no secret that a vast majority of investors, both from the realm of traditional as well as crypto finance, view Bitcoin (BTC) as a long-term store of value akin to “digital gold.” And, while that may be the dominant narrative surrounding the asset, it is worth noting that in recent years the flagship crypto’s use as a medium of exchange has been on the rise.To this point,
ALTCOIN

Bitcoin lurks by $22K as US dollar falls from peak, Ethereum gains 20%

[ad_1] Bitcoin (BTC) hugged $22,000 on July 19 as macro conditions slowly turned to favor risk assets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewStocks, crypto rise as dollar weakensData from Cointelegraph Markets Pro and TradingView showed BTC/USD cooling volatility immediately below the crucial 200-week moving average (WMA).The Wall Street open saw further gains for United States equities in the face of a declining U.S. dollar, which extended its retracement after hitting its
BLOCKCHAIN

What is Enjin (ENJ) and how does it work?

[ad_1] What is Enjin and what are its main features?With blockchain-based nonfungible tokens (NFTs) powering the rise of Web3, a number of NFT-based projects are gaining significant importance, as they provide the technological means of assembling important data on blockchains in a visually appealing manner. Related: Nonfungible tokens: How to get started using NFTsLeading among them is Enjin, a world-class blockchain software co-founded by Maxim Blagov and Witek Radomski in
BLOCKCHAIN

Blockchain without crypto: Adoption of decentralized tech

[ad_1] A blockchain can be seen as a distributed database whose information is stored across every node running the network. Because the database is distributed among those running the network, it guarantees data stored within it is accurate and securely stored.As the name implies, blockchains store their data into blocks that are added to the network as time goes by. Each subsequent block builds on the information stored in previous
Business

UFC fighter will receive full salary in Bitcoin, shrugs off crypto market volatility

[ad_1] Ultimate Fighting Championship (UFC) fighter Luana Pinheiro announced that she has partnered with Bitwage to receive her salary in Bitcoin (BTC). Pinheiro said she continues to receive fiat payments from her sponsors but converts them to BTC immediately through Bitwage. Pinheiro is currently ranked 15th in her UFC division and has won eight consecutive fights. The fighter said she chose to receive her salary in Bitcoin after her boyfriend and fellow
Business

New token by ConsenSys enables security audits for the highest bidder

[ad_1] ConsenSys is set to tokenize smart contract and security auditing services through the upcoming auction of eight “timeboxed” TURN tokens.The Ethereum-focused blockchain software company has developed the offering through its smart contract audit service ConsenSys Diligence. TURN, short for Time-Unit Representative NFTs, will create an open marketplace for security auditing services which are in high demand in the burgeoning blockchain and cryptocurrency space.The firm touts TURN as the first
BLOCKCHAIN

How can DAOs combat hostile takeovers?

[ad_1] At the Ethereum Community Conference 5 in Paris, France, a presenter explored decentralized autonomous organizations (DAO) and what countermeasures they could employ against hostile takeovers. Hilary Kivitz, a Web3 advisor and former partner at a16z crypto, discussed protective concepts in traditional finance that can potentially be applied within DAOs to help combat the increasing risk of hostile takeovers. Within DAO governance, Kivitz argued that there are risks including vote buying
Business

3D NFT marketplace bridges three-dimensional functionality across metaverses

[ad_1] MetaMundo looks to bring three-dimensional art and assets to some major metaverse environments with the launch of its marketplace and nonfungible token (NFT) architecture.Users from popular metaverses like Decentraland, Cryptovoxels, The Sandbox and Spatial will be able to collect and own NFT assets like galleries, luxury villas, music venues, parks, avatars, vehicles and other creations directly from 3D artists, architects and designers.MetaMundo has built an NFT architecture on the