The SEC identified those assets as securities in cases against Coinbase and Binance. On June 28, the United Kingdom’s Revolut, a fintech company, sent an email to users based in the United States informing them that it would no longer be supporting three major cryptocurrencies. Cardano (ADA), Polygon (MATIC), and Solana (SOL) will no longer…
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The telecom company’s German arm plans to use the Cardano blockchain for its first NFT collection. On June 28, a major telecom company called Vodafone Germany said it would launch a series of non-fungible tokens based on Cardano. Vodafone plans to release NFTs On the company’s Discord channel, a representative stated: “Yes, we are planning…
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Briefly it is said that Fidelity Investments is close to submitting its application for a Bitcoin exchange-traded fund. The introduction of exchange-traded funds (ETFs) gives cautious investors a chance to get exposed to Bitcoin. BlackRock, Invesco, and WisdomTree are just a few of the major financial institutions that have submitted applications for Bitcoin ETFs. Multiple…
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Briefly iPhone security features, such as locked folders and third-party apps, have the potential to safeguard crypto private keys. Private key storage in the cloud, such as on Google Drive or iCloud, poses inherent security risks despite the convenience. Hardware wallets are still the safest way to store crypto private keys because they keep the…
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In a nutshell a major new international survey reveals a striking lack of agreement regarding whether cryptocurrency improves online experience. YouGov conducted a survey of 15,158 people in 15 nations and discovered a divide between developed and developing economies. There is a lot of awareness of cryptocurrencies, but not much faith in their potential as…
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Briefly volunteer moderators on Reddit have voiced their opposition to the planned API changes. Several of the platform’s crypto subreddits gave the uproar a lot of support. Reddit is going to implement the controversial changes on July 1 despite opposition. The renowned “front page of the internet,” Reddit, is currently in turmoil. Thousands of communities…
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Briefly on Monday, the Swiss National Bank announced its intention to launch a pilot program for a wholesale CBDC at a Zurich conference. Wholesale CBDCs, in contrast to their retail counterparts, are not intended for general consumption. The bank takes a different approach than the UK and EU, which are looking into a retail option.…
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Briefly the decline of Bitcoin whale wallets enhances decentralization and reduces the risk of market manipulation. The current number of whales is 1,672, a decrease of 497 whales, or 23%, from the peak in 2021. BTC is still primarily concentrated in a small number of accounts; 745 percent of the available supply being “hodled.” The…
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Briefly Vipkhoone data indicate that despite fears of a Russian coup, the price of Bitcoin remained close to $31,000. Ethereum and other digital assets are rising, and it appears that other digital assets are unconcerned about the events at the Kremlin as well. According to President Putin, the events would result in serious consequences and…
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Briefly dozens of Chinese nationals allegedly involved in illegal cryptocurrency mining operations have been detained by Libyan authorities. Despite the fact that crypto mining is restricted in the nation, Libya’s modest power has drawn in excavators in any case. The government of Libya has attributed the high energy consumption of the national electricity network to…
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