There’s been a noticeable divergence between Bitcoin and the stock market in recent months, which could presage an economic recession, according to Bloomberg strategist Mike McGlone. He pointed out that after months of outperforming the Nasdaq 100 index, Bitcoin dropped 15% in the third quarter, while the Nasdaq went up by 2%. In light of…
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Australian crypto exchange Swyftx has launched a ‘Learn and Earn’ education platform with an aim to better equip Aussies with “crypto knowledge until such time as the industry is fully regulated.” Tom Matthews, head of corporate affairs at Swyftx told Cryptonews that there has been a surge in demand for educational resources on blockchain tech…
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Crypto infrastructure provider Qredo has announced plans to reduce staff and expenses as it navigates the challenges posed by the ongoing bear market. Qredo has let go of approximately 50 employees, including several senior executives, according to three sources familiar with the matter. Among the executives affected by the job cuts are Qredo’s Chief Product Officer, Gabriele Farei,…
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Gala Games CEO Eric Schiermeyer has filed a lawsuit against the company’s co-founder, Wright Thurston, alleging the theft of 8.6 billion GALA tokens worth $130 million in early 2021. In addition to alleging theft, the lawsuit claims that Thurston has a history of founding companies that end up insolvent, bankrupt, or in litigation. Schiermeyer’s lawsuit…
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The Bank of China and the e-commerce heavy-hitter Meituan have signed a digital yuan collaboration deal, with both firms looking to step up their CBDC capabilities. Per the Securities Times, via Stockstar, the two firms have sealed a “cooperation agreement” that will see them “deepen” their “digital yuan cooperation.” The new deal will build on…
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Since assuming the position of Chair at the Securities and Exchange Commission (SEC), Gary Gensler’s stance on cryptocurrencies has undergone a notable shift. During the pre-Covid boom of the cryptocurrency market, Gensler expressed optimism about blockchain and its potential to drive change. … Read More: SEC’s Gary Gensler: Tracking the Evolution of His Crypto Views Amid Regulatory Push…
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Last week brought high volatility but little change for bitcoin’s price, which registered a high of $28,167 and a low of $25,328 but closing the week down a modest 0.48%. While longer term price charts paint a decidedly bearish picture, a growing divergence between price action and momentum indicators suggests bulls may soon gain the…
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Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today. Have we missed something? Do you have information about new listings and/or delistings? Let us know here. _________________________________________ AscendEXListings:EnviDa (EDAT) BinanceRemoved Trading Pairs:ANKR/BNBCVC/BUSDEPX/BUSDHIVE/BUSDIOTA/BNBKLAY/BUSDLRC/BNBMBL/BUSDMTL/ETHUMA/BUSD… Read More: Crypto Exchange Listing and Delisting Announcements:…
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A Chinese commercial bank has launched new digital yuan-powered recycling rewards programs, with citizens receiving CBDC tokens in exchange for recycling their waste. Per Danzong, via Xinhua, the Qingdao Branch of the Bank of Communications has launched a CBDC-powered rewards solution. The bank debuted its solution in conjunction with the city’s household waste disposal provider…
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Ethereum (ETH) co-founder Vitalik Buterin has offloaded his entire remaining stake in MakerDAO tokens after the project’s co-founder praised the Solana blockchain. According to blockchain data, the Ethereum mastermind has sold 500 MKR tokens on CoW Protocol, receiving 353 ETH (worth approximately $580,000) in return. … Read More: Vitalik Buterin Offloads MakerDAO Holdings After CEO’s Solana Blockchain Praise – What’s Going On? Read more…
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