Bitcoin (BTC) kept investors guessing on May 3 as markets awaited May 4’s Federal Reserve comments. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Tudor Jones says “no thanks” to stocks, bonds Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering just above $38,000 at May 3’s Wall Street open. The pair had stayed practically static…
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Gaming is now one of the most profitable sectors of the entertainment industry, with consumer spending in the United States growing 8% in 2021 to top $60.4 billion in revenue. Worldwide, the games market generated an estimated $180.3 billion in 2021, up 1.4%. Within that segment are the hugely popular play-to-earn blockchain-based games, which are…
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Analysts from the European Commission showed an unexpected understanding of how decentralized finances (DeFi) actually function, having defined it as something different from the traditional financial system and acknowledged that it would require rethinking the approach to regulation. On Monday, May 2, a crypto venture advisor at Presight Capital and a long-term expert on European…
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The United States Securities and Exchange Commission (SEC) announced Tuesday that it would nearly double the number of personnel responsible for safeguarding investors in cryptocurrency markets. As per the announcement, the SEC’s Cyber Unit, which includes the Crypto Assets and Cyber team, will hire 20 new people for 50 dedicated positions. The SEC stated that…
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The Republic of Uzbekistan continues to progress with local cryptocurrency regulations, with Uzbek President Shavkat Mirziyoyev issuing a new decree regulating the industry. Released on Wednesday, the new decree instructs a reorganization of a major presidential agency known as the National Agency for Project Management (NAPM). The authority has previously promoted crypto trading in Uzbekistan,…
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VanEck, an investment firm with over $82 billion in assets under management, revealed its entrance into the Metaverse by releasing a collection of 1,000 nonfungible tokens (NFTs) on Monday. The VanEck Community NFT, which is based on the Ethereum network, features an illustration of Alexander Hamilton called “Hammy” as he journeys through time and space…
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Bitcoin (BTC) may not crash below $30,000 and instead jump to $100,000 before sweeping its lows. That was the opinion of popular trader Credible Crypto, who on May 2 shared an updated view of how BTC price action might unfold. Trader prepares for lows to be “left untapped” As more and more voices call for…
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Two committees of the Hawaii State Legislature — Commerce and Consumer Protection (CPN) and Ways and Means (WAM) — unanimously approved the launch of a specialized task force to explore the use and regulation of the crypto ecosystem. In a letter addressed to the President of the Hawaii Senate, Ron Kouchi, legislative members Donovan Dela…
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Florida-based ratings and research firm Weiss Ratings has fired out a warning over the risks of crypto mortgages amid the current economic climate in the United States. The company paid particular focus to Milo, a digital banking startup from Miami that offers 30-year mortgages backed by Bitcoin (BTC), Ethereum (ETH), or stablecoins as collateral. The…
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A bill was proposed in Rhode Island’s House of Representatives that would credit a house builder in a “green coin” cryptocurrency for reducing the project’s carbon footprint. The Green Housing Public-Private Partnership Act would oblige the state’s public utility commission to issue annual reports on the utility costs and carbon emissions of a housing project.…
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