Monthly Archives: June 2021

Bank of Namibia Warns Crypto Traders It ‘Will Not Entertain Complaints’ if They Get Scammed

The Bank of Namibia (BON) has warned individuals investing in cryptocurrencies that it will not entertain their complaints should they get scammed. The institution argues that since its mandate does not currently cover digital currencies, it lacks the “legal power” to follow up on such complaints. Growing Namibian Interest in Crypto This latest BON warning about risks associated with cryptocurrency trading comes as Namibia is seeing increased reports of crypto investors losing money to scammers. As noted in one report, the scammers are using the promise of […]

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Why Ron Paul Is Bullish On Liberty And Bitcoin

The legendary politician, who advocated for many of the underlying principles present in sound money, believes liberty is inherent to Bitcoin. One of the most exciting moments for me personally at Bitcoin 2021 was getting the chance to interview Dr. Ron Paul. A true pioneer in libertarianism, Dr. Paul is an advocate for so many of the underlying principles present in Bitcoin. It was truly an honor and privilege to get a quick word from him on his thoughts about Bitcoin. Be sure to watch his Bitcoin […]

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Basketball star turned digital racehorse tycoon: Wilson Chandler on NFTs and the NBA

A journey that started with trading shitcoins has now become a growing passion for NFTs — part of a wider wave of NBA players and cultural tastemakers taking over the blockchain space. As Wilson Chandler tells it, despite being a NBA star with a decade-plus pro career and nearly $80 million in career earnings, the 6’8 combo forward still got his start in blockchain the same way scores of enthusiasts do: trading shitcoins.  Chandler told Cointelegraph that he first heard about crypto from some “kids” he played […]

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Altcoin Roundup: Market cycle analysis screamed ‘take profit’ ahead of May 19 sell-off

Even grandma was bullish on Bitcoin in April, but market cycle analysis shows it was past time to take profit. Welcome to Cointelegraph Market’s weekly newsletter. This week we will identify emerging-sector trends across the cryptocurrency landscape in order to broaden your understanding of market cycles and better equip readers to take advantage of the microcycles that are a regular occurrence in the larger market structure. The cryptocurrency sector has an established reputation for being volatile and fast-moving, and these characteristics were on full display in May […]

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Thai SEC bans exchanges from handling certain token types including NFTs

Local exchanges now have until July 11 to update their rules for listing tokens in order to be in compliance with SEC guidelines. Thailand’s Securities and Exchange Commission has approved guidelines prohibiting crypto exchanges in the country from supporting four different types of tokens in certain cases. In a Friday announcement from the Thai SEC, the regulatory body said that Secretary-General Ruenvadee Suwanmongkol had approved crypto exchange guidelines, Notification 18/2564 on “Rules, Conditions and Procedures for Undertaking Digital Asset Business,” on Wednesday to go into effect. The […]

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An NFT of the photo that inspired Dogecoin just sold for $4M

That picture of a dog staring into the camera in formal posture.. you know, the one that sparked the Doge meme? Someone just sold it for millions in Ether. Dogecoin has seen significant attention in 2021 in tandem with its dramatic price rise. Capitalizing on this rise in attention, someone sold a non-fungible token (NFT) of the picture on which the Dogecoin (DOGE) cryptocurrency was based.  “The original image that started it all,” read the description of the NFT, sold on very.auction. “This photo of the Shiba Inu […]

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A man and his S.C.A.M.: Solo dev ‘Dreesus’ on making a memecoin legit

After minting a memecoin, a solo developer now has to grow his Frankenstein creation into a success. You might not know Dreesus, but if you’ve been following crypto the last few months you’re likely familiar with his work. Following the launch of his Simple Cool Automatic Money ($SCAM) token, the pseudonymous developer garnered coverage from a seemingly endless list of mainstream and cryptomedia publications, including Vice, The Wall Street Journal, Benzinga, Mic, The Verge, The Week, and CNBC, among others. Launched in early May at the peak […]

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Price analysis 6/11: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, LTC, BCH

Bitcoin and most altcoins could be gearing up for a few days of range-bound action as bulls buy on dips and bears sell on rallies. Bitcoin’s (BTC) failure to rise above the critical $40,000 to $42,000 resistance zone is keeping crypto traders on tenterhooks. Some analysts view the sharp rebound from $31,000 level as a sign of accumulation at lower levels while others believe the failure to cross above the overhead resistance indicates that Bitcoin is still not out of the woods yet. JPMorgan’s cryptocurrency market analysts, […]

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Bill banning crypto mining for 3 years dies in NY state assembly

The NY state assembly needs to approve any bill or propose amendments before it can be signed into law by Governor Andrew Cuomo. A bill which would have required miners in New York to halt operations for three years as part of an apparent effort to slow the environmental impact of crypto has been defeated in the state legislature. New York Senate Bill 6486 failed to pass the state assembly today after lawmakers in the Democrat-controlled state senate approved the legislation earlier this week. The bill was […]

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Cryptopunk NFT Sold for Almost $12 Million in Sotheby’s Auction

A Cryptopunk NFT was recently sold for $11.8 million during an auction organized by Sotheby’s. The sale, which also featured works of other artists, was organized virtually. Sotheby’s anticipates strong demand for this kind of digital good in the future, even as NFT fever has somewhat subsided in recent weeks. Cryptopunk NFT Sold for Almost $12 Million Sotheby’s, a leading art and luxury auction house, announced yesterday the sale of a Cryptopunk NFT for almost $12 million. The auction, titled “Natively Digital,” presented a group of curated […]

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