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Crypto.com scores regulatory approval from Cyprus SEC

July 22, 2022

Crypto.com exchange follows in FTX’s footsteps by targeting aggressive expansion in Europe after receiving CySEC approval. Singapore-based cryptocurrency exchange Crypto.com continues to aggressively expand its reach, becoming the latest crypto firm officially authorized to operate in Cyprus. Crypto.com has received regulatory approval from the Cyprus Securities and Exchange Commission (CySEC), the firm announced to Cointelegraph…
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Blockchain and cybersecurity awareness on the rise: PolySwarm CEO

July 22, 2022

Steve Bassi, the CEO of PolySwarm, said that gathering data on malware infrastructure shortens the lifespan of malware campaigns. As the blockchain space becomes more extensive, cybersecurity becomes a more crucial requirement for many. Because of this, PolySwarm CEO Steve Bassi argued that there is a need to leverage blockchain for cybersecurity. Bassi told Cointelegraph that…
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Prince Philip of Serbia calms rumors of Arab country Bitcoin adoption

July 22, 2022

In an interview with Cointelegraph, the hereditary prince nuanced his views on Bitcoin adoption in the middle east and shed light on Bitcoin in Serbia. Prince Filip Karađorđević, known as Philip Karageorgevitch in English, placated rumors that an Arab country would “soon” adopt Bitcoin (BTC) as legal tender. In an interview Philip delivered from Serbia,…
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Crypto to reach 1 billion users in 2030: BCG Report

July 22, 2022

A report by Boston Consulting Group (BCG) showed that 0.3% of individual wealth is invested in crypto while 25% is in equities. It’s a very common sentiment for people outside of the crypto community to look at Bitcoin (BTC) prices and make a conclusion that it’s too late to get into crypto. However, a report…
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Bitcoin’s Mining Difficulty Slides 5% Dropping to Levels Not Seen Since March

July 22, 2022

On July 21, 2022, at 2:14 p.m. (ET) at block height 745,920, Bitcoin’s mining difficulty dropped by 5.01% outpacing the last two epoch changes. The latest downward shift makes it 5% easier to find blocks than it was during the past two weeks, and roughly 8.77% easier since June 22. It’s Now 11.39% Easier to…
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Xiaomi Files Patent to Create Its Own Blockchain-Powered Virtual Characters

July 22, 2022

Xiaomi, one of the biggest mobile phone and tech companies in the world, has introduced a patent that implements blockchain technology for the creation of its own virtual characters. The patent, introduced in China, mentions that the creation of these characters will be randomized thanks to the introduction of a gene sequence, responsible for determining…
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Saudi Chemicals Producer SABIC Launches Blockchain Pilot Project

July 22, 2022

A Saudi Arabia-based chemical manufacturer has said its recently launched blockchain pilot is expected to uncover the possibilities of the technology “in supporting end-to-end digital traceability of circular feedstock in customer products.” The benefits expected to accrue from using blockchain include reduced costs and time as well as improved data integration. End-to-End Digital Traceability…
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Prosecutors Raid Home of Terra Co-Founder Daniel Shin as Do Kwon Returns to Twitter

July 22, 2022

The South Korean prosecution service’s recent raid of 15 locations as part of the probe into the “Terra (LUNAC) incident” saw officers search the home of the Terraform Labs co-founder Daniel Shin. Prosecutors are widely reported to be looking at evidence pertaining to figures at the top of the Terraform tree. Officers are now reportedly investigating allegations…
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Bitcoin and Ethereum Inch Higher, MATIC Regains Strength

July 22, 2022

After extending its correction below USD 23,000, bitcoin managed to stay above the USD 22,500 support and moved higher again. It is currently (03:50 UTC) trading near USD 22,950 and is up almost 1% in a day and 12% in a week. Similarly, most major altcoins are showing signs of a fresh increase. ETH climbed…
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Mike Novogratz warns that 200x returns from crypto are ‘not normal’

July 22, 2022

Former-LUNAtic Mike Novogratz has told crypto investors that the insane returns seen in the crypto space are simply unsustainable. Mike Novogratz, the billionaire founder of crypto asset management firm Galaxy Digital, has warned that making more than 200X returns on crypto investments is simply “not normal.” Speaking at the Christie’s Art + Tech Summit in…
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