An increasing number of Japanese amateur and semi-professional football teams are seeking to launch so-called “fan tokens” – prompting some to ask if a new model is developing for fundraising in grassroots sport in the country. Per Keizai, Coedo Kawagoe FC, a Kawagoe, Saitama Prefecture-based football team established last year, has partnered with the crowdfunding…
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Source: iStock/da-kuk As the crypto market has corrected sharply, the market sentiment has seen a notable drop for the second week in a row – and it dropped out of the positive zone. The average 7-day moving crypto market sentiment score (sentscore) for ten major coins fell from 6.21 recorded last week to 5.49 this…
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In the vast sea of red currently seen in the crypto market, one section particularly stands out: the sudden and brief drop in a number major stablecoins at approximately the same time, before bouncing back. (Updated at 14:14 UTC with a comment from Tether.) At 13:30 UTC, major cryptocurrencies are bleeding, and the top 10…
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After revealing their reserves breakdown, Tether, the issuer of the most popular stablecoin, tether (USDT), still needs to respond to skeptics that remain unconvinced by the latest numbers and what might be behind them. This time, despite the settlement with the New York Attorney General’s Office (NYAG), the independent accountant’s report and the reveal of…
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Layer-2 solution Polygon (MATIC) turned some heads as it has surpassed Ethereum (ETH) in the number of transactions, and is now being discussed as a possible competitor to Binance Smart Chain (BSC). Per BitInfoCharts.com, the number of daily transactions on Ethereum hit nearly 1.64m on May 11 – its all-time high (ATH), dropping to 1.43m…
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The police in the Xinjiang Uyghur Autonomous Region, China, have launched a campaign that they hope will help wipe out crypto scams. Per the Legal Daily, the police are concerned that “illegal fund-raising, online pyramid schemes and other cases of economic fraud” are on the rise in the region. The police added that crypto-related fraud…
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Vitalik Buterin, co-founder of Ethereum. Source: a video screenshot, edited by Cryptonews.com After a sharp selloff last week, holders of the "DOGE killer," shiba Inu (SHIB), start this week on a green note, as Ethereum (ETH) co-founder Vitalik Buterin burned nearly all of the SHIB tokens in his possession, lowering the coins’ total supply. SHIB,…
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Chinese internet cafe owners are turning their businesses into crypto mining centers as social distancing measures continue to bite in the Middle Kingdom. According to The Time Weekly, via Sina, a huge number of the 24-hour internet cafes, created primarily for PC gamers, closed down in 2020 – when the coronavirus pandemic forced businesses to…
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Following a string of rises, albeit a short one, the crypto market sentiment saw a drop over the past week, but one that was not large enough to push it out of the positive zone. The average 7-day moving crypto market sentiment score (sentscore) for ten major coins fell to 6.21 compared to last week’s…
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The crypto market is showing more positive signs on Friday, with BTC inching higher above USD 50,000, while ETH returned to the USD 4,000 level, and multiple smaller altcoins are enjoying a double-digit rally. At 12:14 UTC, BTC was almost unchanged in a day, while ETH advanced by 6%. DOGE rallied by almost 32% and…
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