Author: Crypto News Live
Join Our Telegram channel to stay up to date on breaking news coverage The crypto industry continues to navigate the challenges posed by regulatory bodies worldwide. Singapore-based cryptocurrency exchange Crypto.com has been quite steadfast in its expansion efforts. In an official blog post, the exchange announced that it has acquired a Virtual Asset Service Provider (VASP) registration from the Bank of Spain. The VASP registration allows it to operate in Spain. We’re excited to share our latest regulatory achievement in Europe! We have obtained our Virtual Asset Provider Registration in Spain 🇪🇸🙌 Learn more:https://t.co/ZGmgE9n937 pic.twitter.com/fmkWt6npvK — Crypto.com (@cryptocom) June 23,…
Schiff mentioned that Bitcoin’s rally might put a stop to the uptick enjoyed by other assets outside the crypto market. Long-term holders displayed high confidence in BTC as Schiff’s favorite lagged behind. Peter Schiff, a well-known economist and financial commentator, has repeatedly made his stance on Bitcoin [BTC] clear through public statements and numerous tweets. While some view his thoughts as valid critiques backed by sound economic reasoning, others perceive them as skeptical and dismissive of the cryptocurrency market at large. Read Bitcoin’s [BTC] Price Prediction 2023-2024 In another round of employing his Bitcoin hammer, Schiff opined that the recent surge…
An exchange-traded fund (ETF) provider in the United States is reportedly close to launching a first-of-its-kind Bitcoin (BTC) fund. Volatility Shares, an ETF provider based in Mt. Kisco, New York, will start offering the “2x Bitcoin Strategy ETF” (BITX) next Tuesday, June 27th, according to the company’s website. Volatility Shares says the product is the first US-based ETF to offer leveraged long exposure to the cryptocurrency futures market. Explains the company, “BITX will seek daily investment results, before fees and expenses, that correspond to two times the return of the S&P CME Bitcoin Futures Daily Roll Index (Ticker: SPBTFDUE) by…
Demand for ARB continued to rise as the number of holders increased. Transaction fees on the network plateaued signaling the lull in trading activity. The recent market rally fueled by institutional interest in cryptocurrencies has injected optimism into the popular layer-2 (L2) rollup token, Arbitrum [ARB] as well. The token gained more than 5% since the rally according to CoinMarketCap data, bringing relief from the gloom that pervaded since the U.S. regulators’ onslaught. Realistic or not, here’s ARB’s market cap in BTC terms Fees, revenue plateau The token has garnered significant attention since its much-publicized AirDrop event in March, witnessing a…
Mobox opens up a series of new, MoDragon-related events for the month of June, building up toward their eventual release of Dragonverse, an enchanted land full of adventure and wonder for all Dragon owners! Mobox hasn’t waited long to introduce the next phase of their MoDragon adventure! Starting on June 29th, MoDragon owners will be able to engage in several new acitivities. This event, dubbed ‘Unleash the Magic’ features three MoDragon related activities — Expeditions, Soul Awakening, and Dragon Taming. Dragon Expedition is a quest style system that opens on June 29th and runs for four weeks. Expeditions have difficulty…
What a week! It’s safe to say that being a bear throughout the past seven days must have been rough. The cryptocurrency market exploded above $1.2 trillion on the back of major gains from the majority of coins, including Bitcoin. There’s a lot to unpack, so let’s dive in. First things first, Bitcoin’s price is up a whopping 18% in the past seven days, trading above $30K at the time of this writing. The week started on the right foot as the price was slowly chipping upwards last weekend. However, it wasn’t until June 20th – on Tuesday – that…
Translation is the process of converting written or spoken content from one language to another while preserving its meaning. By automating and enhancing the translation process, artificial intelligence (AI) has significantly contributed to changing the translation industry.To evaluate and comprehend the structure, syntax and context of the source language and produce correct translations in the target language, AI-powered translation systems use machine learning algorithms and natural language processing techniques. Types of AI-powered translation systemsAI-powered translation systems can be categorized into two main approaches:Rule-based machine translation (RBMT)To translate text, RBMT systems use dictionaries and pre-established linguistic rules. Linguists and other experts create these…
BTC surged to $31,000 for the first time in over a year. Gold’s value grew exponentially after its Spot ETF in 2003. The world’s largest cryptocurrency, Bitcoin [BTC], briefly breached past the $31,000 as market optimism continued to grow in the wake of multiple applications for a Spot Bitcoin Exchange-Traded Fund (ETF). How much are 1,10,100 BTCs worth today? The move past $31,000 was the asset’s best performance in over a year. The bullish rally was triggered after BlackRock, the world’s largest asset management company, applied for an ETF that will directly track Bitcoin. Since then, other TradFi players like WisdomTree…
Esteemed crypto analyst Michael van de Poppe has broadcast an important message for altcoin enthusiasts. After conducting an in-depth analysis, Michael confidently asserts that altcoins are on the cusp of a significant breakout, signaling the start of a bullish market trend. He advises investors to shift their attention towards altcoins, emphasizing that now is the opportune moment.Altcoins’ Secret Weapon Of Success Michael took his audience through a brief overview of the market’s current status and made some compelling comparisons with previous cycles. By dissecting the market performance, he points out that we are now at a juncture where investing in altcoins…
Yuga Labs — a prominent Web3 leader known for launching and acquiring some of the biggest NFT projects in the space (CryptoPunks, Bored Ape Yacht Club, Meebits, Otherside, and 10KTF) — has announced a collaboration with Zak Group, the renowned design office behind Virgil Abloh’s ICONS to create an official catalog that will serve as the definitive documentation of CryptoPunks. CryptoPunks, which consist of 10,000 unique generative collectible avatars, gained popularity as one of the first-ever NFT collections on the Ethereum blockchain, and has since achieved the eminent status of being perhaps the most influential and iconic PFP collection of…
