Category: cryptocurrencies

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Hardware wallet industry to outstrip crypto exchanges: Report

Global crypto exchange revenue is estimated to grow at a 13% CAGR by 2028, while the hardware wallet market is expected to exhibit a CAGR of 27% by 2027. The crypto hardware wallet industry could be growing at a faster pace than cryptocurrency exchanges, data from several studies suggest. The current bear market has accelerated…
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Masked Men Rob Large Crypto Mining Farm Near Moscow

Armed robbers have plundered a large crypto mining facility not far from the Russian capital, local media reported. The unidentified perpetrators stole dozens of video cards in the latest incident involving theft of coin minting hardware, which has been on the rise in Russia. Unknown Attackers Steal Mining Equipment From Crypto Farm in Russia A…
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Trade Republic, Crypto.com Register as Cryptocurrency Operators in Italy

German investment platform Trade Republic and digital asset exchange Crypto.com have registered as crypto service providers in Italy. Since February, the financial authorities in Rome maintain a registry for all cryptocurrency platforms permanently operating in the country. More Companies Register as Providers of Crypto Services in Italy Germany-based investment platform Trade Republic and Singapore-headquartered digital…
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What’s next for the future of Ethereum? Mihailo Bjelic from Polygon explains

The much-anticipated Merge upgrade has been in the making for over two years. With the transition to a scalable, energy-light proof-of-stake blockchain at play for Ethereum, many have cast doubts on the popular coin’s future, given the magnitude and complexity of the Merge upgrade. But, among prominent stakeholders, one particular project remains heavily bullish on…
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Bitcoin price dips under $23K after earnings report reveals Tesla sold 75% of its BTC

BTC’s march up toward $24,000 took a brief pause after media headlines announced that Tesla had sold 75% of its Bitcoin position. “Easy come, easy go” was the story on July 20. The day started on a positive note with Bitcoin (BTC) climbing above $24,300, only to end the official trading day in the red…
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Mojang Studios bans Minecraft NFT integrations

“NFTs can create models of scarcity and exclusion that conflict with our Guidelines and the spirit of Minecraft,” says the entity. On Wednesday, Minecraft’s developer Mojang Studios said that it would be excluding the integration of nonfungible tokens, or NFTs, alongside blockchain technology as a whole, in its popular namesake game. In explaining the decision,…
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Bitcoin price hits $24K, but analysts say on-chain data points to an ‘inevitable’ pullback

The crypto market rally continues, but analysts are on the fence about whether BTC and ETH will slip back into range or push closer to higher-timeframe resistance levels. 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…
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Lido co-founder discusses the future of Ethereum at EthCC

For Vasily Shapovalov, the magnitude of the proof-of-stake transition could cause unforeseeable problems. Crypto enthusiasts are finally getting some respite from the ongoing bear market as the price of Ethereum (ETH) has increased 48% before the looming Merge upgrade that transitions the blockchain into one powered by a proof-of-stake consensus. As a result, the future…
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Morgan Stanley encourages investors to buy battered El Salvador Eurobonds

The banking giant estimated that El Salvador wouldn’t face any issues with its debt payment for another year, despite the crisis it’s facing currently. The Bitcoin (BTC) bet has somewhat backfired for the small nation as the top cryptocurrency trade at a 70% discount from its top. At a time when the Latin American nation…
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Human protocol introduces new blockchain coordination layer for data contribution

Users receive rewards for contributing data on the Human Protocol, which can be used an initial-point of learning for algorithms. On Thursday, decentralized infrastructure project Human Protocol said it was launching a new blockchain coordination layer to handle routing functionality among third-party vendors to power data contribution on the network. The feature, known as Routing…
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