The mainstream media in El Salvador has torn into into President Nayib Bukele for his perceived silence over the one-year anniversary of bitcoin (BTC) adoption, with multiple outlets and organizations calling the move a “failure.” Bitcoin was adopted as legal tender exactly a year ago yesterday, but the anniversary was met with little fanfare by…
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The Copium Protocol, which focuses on laying the groundwork for decentralized mining investments, will soon release an NFT collection to gather funds for business expansion. Copium Protocol has been one of the most intriguing projects to emerge. It stands out because it enables consumers to invest passively in crypto mining. … Read More: Copium Mining Presale…
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An exchange-traded product (ETP) that tracks an Ethereum (ETH) proof-of-work (PoW) hard forked token is already being planned for listing in Europe, despite no such token existing as of now. The new investment product is being prepared by the London-based crypto firm ETC Group, and will be listed on Deutsche Borse’s Xetra marketplace under the…
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Ethereum Classic (ETC), Ethereum (ETH), and Lido Finance (Lido) are just some of the cryptocurrencies that have taken significant losses in the last couple of days due to their association with the merger. However, Ethereum Classic is making a bullish reversal of 9.36% in 24 hours. … Read More: Ethereum Classic Price Prediction: Gives Back Gains…
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A cryptocurrency investor has reportedly sued South Korean crypto exchange Upbit after the trading platform delayed processing his luna coin transfer prior to its crash. The Korean crypto exchange is investigating the details of the lawsuit. Upbit Sued by Crypto Investor Dunamu Inc., the company that operates the South Korean cryptocurrency exchange Upbit, has been…
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A judge in the collapsed online bitcoin trading platform Mirror Trading International’s liquidation case has issued a provisional liquidation order that outlines the criteria to be used when reimbursing investors. The order also reportedly directs the liquidators to regard bitcoin “as [an] intangible asset that constitute[s] property.” Claims for Reimbursement Must Be Submitted in Local…
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Authorities in Nigeria have been told to consider upgrading the country’s cryptocurrency regulatory guidelines because current regulations are not consistent with the realities on the ground. According to legal experts, the growing interest in cryptocurrencies by Nigerians means the country needs to have “clear-cut guidelines” for the industry. Nigerians Continue to Defy Central Bank Legal…
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Chainalysis suggests ETH could decouple from other cryptocurrencies post Merge as its staking rewards could make it similar to bonds or commodities. Crypto analytics firm Chainalysis has suggested that the price of Ether (ETH) could decouple from other crypto assets post-Merge, with staking yields potentially driving strong institutional adoption. In a Sept. 7 report, Chainalysis…
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The commodity strategist has pegged Bitcoin to rebound strongly from the bear market despite headwinds for high-risk assets. Bloomberg analyst Mike McGlone has labeled Bitcoin (BTC) a “wild card” which is “ripe” to outperform once traditional stocks finally bottom out. In a Sept.7 post on Linkedin and Twitter, McGlone explained that while the United States…
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The new trademark application covers video recordings, text, artwork, and audio featuring live music authenticated by NFTs. American music giant Sony Music Entertainment has signaled intentions to utilize non-fungible tokens (NFTs) after filing a trademark application covering music and artists under the Columbia Records logo. According to an Aug. 30 trademark application to the United States…
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