Author: Crypto News Live
Bernard Baruch, an American financier, stated that speculation has its origin in the Latin word ‘speculating’, meaning to spy and observe. He has defined a speculator as a man who observes the future and acts before it occurs. It is essentially wrong to think that crypto generated speculation. While it is true that speculation was the subject of many debates, it has a place in investors’ portfolios. If we look from the angle of the efficient market hypothesis, we will conclude that the market is always fairly priced and that speculation is unreliable. Even some market experts state that speculation equals…
Financial app Revolut is no longer allowing US customers to trade Solana (SOL), Cardano (ADA) and Polygon (MATIC). According to a new Bloomberg report, the United Kingdom (UK) company is delisting the three altcoins after its provider Bakkt, the digital asset marketplace, announced in June it was removing support for the tokens until there is more regulatory clarity. The delisting comes after the U.S. Securities and Exchange Commission (SEC) labeled the tokens as unregistered securities in separate lawsuits filed last month against top crypto exchanges Coinbase and Binance. According to the report, Revolut’s US customers have until Sept. 18th to…
As Bitcoin’s price recently declined below the $30.5K mark and tumbled near $30K, it brought a slight bearish domination to altcoins, and Ethereum is no exception. The recent dip raises questions about the upcoming trend of Ethereum’s price, what factors could potentially influence its recovery and whether ETH price could reach the $2K mark. As of now, Ethereum is struggling to regain its footing and build bullish momentum, making it crucial to analyze the reasons behind this lack of buying pressure.Ethereum Shows Bullish Developments In May 2023, ETH Staking achieved an unprecedented peak, as reported by glassnode glassnode [email protected] On-Chain .…
Former world champion boxer, Roy Jones Jr. TKO’s NDO Champ in the 7th round of the metaverse’s first-ever boxing event. Let’s dive in. TL;DR In the groundbreaking Official Celebrity Boxing metaverse event in Miami, Roy Jones Jr. TKO’d NDO Champ in the 7th round, showcasing the fusion of virtual reality and combat sports. Despite some minor pixelation glitches, the video capture technology accurately depicted the fighters’ unique styles, highlighting the potential of virtual reality in sports entertainment. The event pushed the boundaries of traditional sports, paving the way for future metaverse sports events and promising more immersive experiences as technology…
As the global blockchain ecosystem continues to change, more stringent regulation may be on its way to South Africa. Taking a leadership role in cryptocurrency regulation on the African continent, the country’s financial regulator, the Financial Sector Conduct Authority (FSCA), has announced a new requirement for digital asset exchanges to secure licenses by year’s end. This regulatory change, which is reportedly aimed at curtailing potential financial risks associated with crypto transactions for South African customers, seems to underscore the country’s commitment to keeping pace with the evolving digital landscape. FSCA Commissioner, Unathi Kamlana, expressed that the introduction of a regulatory…
Eligible users to claim, they will see a relevant banner at the top of the loan page. Quick update on the Azuki Flash Claim.@Azuki holders can now claim the Elementals Airdrop through the ParaSpace Flash Claim feature without redeeming the Azuki!If you are eligible to claim, you will see a banner on top of the lending page. pic.twitter.com/kAUn9Uwwsx — ParaSpace (@ParaSpace_NFT) July 5, 2023 Yesterday, ParaSpace announced its decision to temporarily suspend Azuki’s team, including deposits, withdrawals, and liquidations. This measure is intended to give users more time to replenish liquidity, repay debt and improve health. The decision was made…
Summary: Valkyrie refiled its application for a spot Bitcoin ETF with the SEC per a 19b-4 filing seen on Wednesday.The asset manager joins other Wall Street titans like BlackRock and Fidelity in filing a second application after the SEC responded.Valkyrie, like other asset managers, names Coinbase as its partner for the contentious surveillance-sharing agreement meant to tackle market manipulation. Trillion-dollar asset manager Valkyrie Digital Assets submitted another application for a spot Bitcoin ETF after the U.S. Securities and Exchange Commission rejected previous attempts, saying that the filings did not address market manipulation concerns or meet the regulator’s requirements. Valkyrie’s 19b-4…
Grammy Awards will consider music with artificial intelligence (AI) elements from now on. Meanwhile, in Asia, there’s hope that account abstraction or Ethereum “smart accounts” could onboard a billion users to Web3. Also, the United Kingdom has reminded crypto firms to tighten up their crypto ads or face “robust” consequences. Here’s what happened in crypto today. Music with AI-created elements eligible for Grammy Awards, CEO confirmsThe CEO and president of the Recording Academy, Harvey Mason, clarified that AI-generated music will be eligible for the Grammy Awards in 2024. He said:“AI, or music that contains AI-created elements is absolutely eligible for entry and…
Piper Sandler analyst Patrick Moley has downgraded Coinbase due to its ongoing legal tussle with the Securities and Exchange Commission (SEC) and the continuing ambiguity over cryptocurrency regulation in the U.S., according to BNN Bloomberg. On July 5, Moley expressed that the regulatory uncertainties have made it too challenging to project Coinbase’s future revenues prudently, altering his rating to ‘neutral’ from ‘overweight.’ Moley’s recommendation for the largest crypto exchange in the U.S. has been revised from overweight to neutral. He anticipates that the second quarter’s quarterly trading volumes and monthly transacting user totals will be at the lowest level in…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. MATIC’s market structure on the daily and 4-hour was bullish. The beginning of an uptrend was established in mid-June. Polygon [MATIC] revealed some information about Polygon 2.0 a few days ago. The new update is designed to provide “unlimited scalability and unified liquidity,” according to a tweet from 30 June. How much are 1,10,100 MATICs worth today? This did not see an immediate positive reaction from the prices. Instead, on 30 June, MATIC retraced its recent gains and fell…
