Monthly Archives: June 2022

Uganda Central Bank Says It Is Open to Crypto Firms Participating in Regulatory Sandbox

The Bank of Uganda (BOU) has hinted that it is open to the idea of crypto firms participating in the regulatory sandbox. The central bank’s position follows its deliberations with a team from the Blockchain Association of Uganda (BAU). BAU Members Asked to Acquaint Themselves Sandbox Regulations The Ugandan central bank has said following talks with the team from the BAU, it is now open to the idea of having crypto firms participate in its regulatory sandbox. Consequently, the central bank has asked members of the BAU […]

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A life after crime: What happens to crypto seized in criminal investigations?

Like with any kind of property, law enforcement has the right to sell your coins and spend the money. Earlier this year, during during the annual Queen’s Speech in the United Kingdom, Prince Charles informed the Parliament about two bills. One of them — the Economic Crime and Corporate Transparency Bill — would expand the government’s powers to seize and recover crypto assets. Meanwhile, the United States Internal Revenue Service (IRS) seized more than $3 billion worth of crypto in 2021. As digital currencies’ monetary stock grows […]

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Top 5 cryptocurrencies to watch this week: BTC, ADA, XLM, XMR, MANA

BTC appears to be in the early stage of a recovery this week, and ADA, XLM, XMR and MANA could follow. The bears are trying to extend Bitcoin’s (BTC) record of nine consecutive red weekly candles to ten weeks, but the bulls are trying to avert this negative occurrence. Although sentiment remains negative, Arthur Hayes, former CEO of derivatives giant BitMEX, anticipates Bitcoin to bottom out in the range of $25,000 to $27,000. On-chain data from Glassnode shows that smart money may have started accumulating Bitcoin. The […]

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Avalanche Co-Founder Emin Gün Sirer Discusses Macro Conditions and AVAX Sliding in Value

The price of Avalanche has slid significantly since the crypto asset’s all-time high as the token has dropped 83% in value since then. In a recent interview published on May 31, Avalanche co-founder, Emin Gün Sirer, discussed how bear market conditions have impacted cryptocurrencies like avalanche (AVAX). The Avalanche co-founder mentioned “macro conditions” and that “all asset prices—not just crypto but also equities—have gone down” in value. Emin Gün Sirer: ‘Price Is Not Something That I’m Supremely Interested in — I’m Building’ Presently, the crypto economy has […]

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Report: Ripple CEO Brad Garlinghouse Hints at Future Mergers and Acquisitions

While visiting the World Economic Forum (WEF) event in Davos, Ripple Labs CEO, Brad Garlinghouse discussed the firm’s growth opportunities and despite the crypto economy’s downturn, Garlinghouse spoke about future mergers and acquisitions. ‘I Think We’re More Likely to Be the Buyer,’ Ripple Labs CEO Brad Garlinghouse Said During an Interview in Davos Just recently, during the WEF conference in Davos, Ripple Labs executive Brad Garlinghouse told CNBC in an interview that Ripple Labs has “a very strong balance sheet.” Garlinghouse spoke about Ripple Labs possibly participating […]

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3 reasons Ethereum price risks 25% downside in June

A mix of on-chain, fundamental and technical factors suggests more pain for Ether bulls ahead. Ethereum’s native token Ether (ETH) has dropped more than half of its value in 2022 in dollar terms, while also losing value against Bitcoin (BTC) and now remains pinned below $2,000 for several reasons. What’s more, ETH price could face even bigger losses in June due to another slew of factors, which will be discussed below.  Ethereum funds lose capital en masse Investors have withdrawn $250 million out of Ethereum-based investment funds in […]

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A Newly Published Book Claims to Tell the ‘Real Story Behind Mysterious Bitcoin Creator’

During the last 13 years, a great number of individuals have claimed to be the inventor of Bitcoin, but no single person has been able to prove this to the greater crypto community. At the end of August 2019, a marketing and public relations (PR) agency published a press release that featured a man from Pakistan who claimed he invented Bitcoin. While the Pakistani Bilal Khalid provided no proof, the public relations agency’s founder recently published a book called “Finding Satoshi: The Real Story Behind Mysterious Bitcoin […]

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Bitcoin Is The Ultimate Representation Of Energy

Love, violence and money are interrelated through their connection to energy. As the digital representation of energy, Bitcoin offers a better store of energy. “’But how is [Bitcoin] digital energy; how do you get it back to being energy?’ The answer is, I send a billion-dollar block of it to Tokyo, I run it through an exchange … I convert it back into yen and I take the yen and I buy electricity from the Tokyo Power Company.” — Michael Saylor (WBD431) While I think most Bitcoiners […]

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Why More People Need To Start Spending Bitcoin

Bitcoin hasn’t reached mass adoption because it isn’t being used as a medium of exchange. By spending bitcoin, we can demonstrate its usefulness as money. Don McAlister is a technologist and has made several video tutorials on Bitcoin. While primarily viewed as a store of value, and considered by many as a fantastic savings technology, bitcoin has yet to reach mass adoption. There are many reasons for this, but in this article, I want to explore one particular aspect that is potentially holding bitcoin back. People are […]

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Bitcoin price needs to close above $29,450 for its first green weekly candle since March

It’s touch-and-go for BTC bulls this Sunday with a tenth red weekly candle still at stake. Bitcoin (BTC) kept traders guessing into the June 5 weekly close as BTC price action closely mimicked last weekend. BTC/USD 1-week candle chart (Bitstamp). Source: TradingView BTC price traders $300 in the gree Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling its May 30 opening level at the time of writing, just $300 higher than seven days ago. With hours to go before the weekly candle closed, the pair thus […]

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