Business

UK financial markets bill authorizes regulation of stablecoins, service providers

[ad_1] The Financial Services and Markets Bill was introduced into the United Kingdom's Parliament on Wednesday. The comprehensive bill, which was meant to preserve the U.K.’s leading place in the financial world post-Brexit, repealed retained EU laws, reformed certain insurance laws, supported victims of financial fraud and established new growth and competitiveness objectives. The bill also regulated stablecoins. The presence of stablecoin regulation in the bill was confirmed the evening before
BLOCKCHAIN

CryptoPunk sells for $2.6M: Nifty Newsletter, July 13–19

[ad_1] In this week’s newsletter, read about the most expensive CryptoPunk sale in 30 days. Check out the report that predicts the growth of the NFT market in 2030 and actor Bill Murray’s biographical NFT project. Additionally, you can learn about the successful tech demo of the Otherside Metaverse. And don’t forget about this week’s Nifty News roundup featuring a Bored Ape Yacht Club (BAYC) NFT at clothing retailer Old
Business

Bitcoin price hits $24K, but analysts say on-chain data points to an ‘inevitable’ pullback

[ad_1] Cryptocurrency investors continue to enjoy this week's bullish price action after Bitcoin (BTC), Ether (ETH) and a handful of altcoins rallied on July 20 alongside gains in the traditional markets. Data from Cointelegraph Markets Pro and TradingView shows that a midday rally by Bitcoin bulls managed to lift the top crypto to a daily high of $24,281, which sparked a new round of bullish proclamations on Crypto Twitter. BTC/USDT 1-day chart.
BLOCKCHAIN

Lido co-founder discusses the future of Ethereum at EthCC

[ad_1] Crypto enthusiasts are finally getting some respite from the ongoing bear market as the price of Ethereum has increased 48% before the looming Merge upgrade that transitions the blockchain into one powered by proof-of-stake consensus. As a result, the future of Ethereum has become one of the highly discussed topics during the annual Ethereum Community Conference, or EthCC in Paris. On Wednesday, Cointelegraph’s Events Manager Maria A. spoke to
Business

FTX and FTX US seek even more funding following acquisitions: Report

[ad_1] Crypto exchange FTX and its United States subsidiary FTX US have reportedly each set new fundraising targets following the firms planning several high profile acquisitions and credit lines to firms.According to a Wednesday report from Bloomberg, FTX co-founder Sam Bankman-Fried discussed raising money matching that of a January funding round, in which the firm closed on a $400 million round, bringing it to $32 billion in valuation. FTX US
Business

Crypto winter “reinforces” validity of blockchain, says 0x Labs employee

[ad_1] Both the ongoing downturn across cryptocurrency markets, and Ethereum’s upcoming merge were under the spotlight on the second day of ETH Community Conference. The wider Ethereum community descended on Paris for the largest annual European Ethereum event, with key roleplayers, companies and individuals taking part.Related: Will Ethereum Merge hopium continue, or is it a bull trap?Cointelegraph spoke to Jessica Lin, developer advocate for decentralized exchange infrastructure firm 0x Labs, to
Business

South Korean authorities raid 15 entities linked to Terra collapse: Report

[ad_1] Prosecutors in South Korea behind the investigation of Terraform Labs have reportedly executed a search and seizure in 15 firms, including 7 crypto exchanges.According to a Wednesday report from News1 Korea, the Joint Financial and Securities Crime Investigation Team of the Seoul Southern District Prosecutors Office raided the offices of Upbit, Bithumb, Coinone, Korbit, and Copax as well as other businesses connected to the collapse of Terra. Authorities reportedly
BLOCKCHAIN

How to control stress and depression in a crypto winter?

[ad_1] Trading is not the only way to explore the world of digital currencies — you can create content, make Youtube videos, listen to podcasts, etc. When your friend or relative shares their success with crypto trading, you also feel driven toward it. As a result, people start with a minor trade and then expand to earn more substantial profits.Considering the volatility of crypto assets and the 24/7/365 live market,
Business

Bitcoin may hit $120K in 2023, says trader as BTC price gains 25% in a week

[ad_1] Bitcoin (BTC) touched $24,000 at the July 20 Wall Street open as the good times kept rolling for crypto markets.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewBTC price rally "all macro driven"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD passing its latest milestone after a brief consolidation.Twenty-four-hour gains for the pair remained at nearly 8% and weekly returns near 25% as Bitcoin and altcoins benefitted from a declining U.S. dollar
REVIEWS

The ‘godfather of crypto’ risked lifetime in jail, laying foundation for Bitcoin – Cointelegraph Magazine

[ad_1] Widely credited as the inventor of digital cash, David Chaum is sometimes known as the “father of online anonymity” or the “godfather of cryptocurrency,” whose work inspired the near-mythical group called the Cypherpunks from which Bitcoin emerged. Beginning his studies in computer science in the late 1970s, when encryption was classified at the same level as nuclear technology, Chaum quickly realized that the technology would be crucial to ensure the