Author Archives: creative

Euro Drops to 20-Year Low Against the US Dollar, Tapping $1.028 per Unit — Analyst Says Parity Is Imminent

The euro has had a sluggish start to the second half of 2022 as the fiat currency slid to a 20-year low against the U.S. dollar. The drop adds to the fear that the global economy is in a recession and analysts believe that the risk of “parity is just a matter of time now.” Euro Nears Parity With US Dollar Policymakers at the European Central Bank (ECB) have been dealing with record inflation levels but have been much slower than the U.S. in terms of raising […]

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Legends of Bezogia Reveals Sustainable Play2Earn Mechanics By Publishing Breakthrough Whitepaper

ZOGI Labs Ltd. reveals shocking whitepaper detailing next-level blockchain gaming mechanics never seen before in the industry. Eliminating core industry issues like token inflation, the team has formulated proprietary formulas that algorithmically balance a sustainable gaming economy inside Legends of Bezogia. Featuring next generation graphics, a rich and deep storyline along with playable NFTs, Legends of Bezogia is set to take the industry by storm by giving crypto-enthusiastic gamers an MMORPG that truly looks and feels like a deeply immersive game. The Legends of Bezogia resembles a […]

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Biggest Movers: ATOM Approaches 1-Month High, While MATIC Hits 1-Week High

ATOM was fast approaching a one-month high during Tuesday’s session, as bullish momentum continued to rise following recent gains. This move comes as MATIC also climbed higher, hitting its highest level since June 29 in the process. Cosmos (ATOM) ATOM was trading higher on Tuesday, as prices rose to a multi-week high earlier in today’s session. The token rose to an intraday peak of $9.27 following yesterday’s July 4 celebrations, where prices hit a low of $8.14. Today’s peak sees ATOM/USD hit its highest point since June […]

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Bitcoin faces fresh pressure as US dollar crushes gold, risk assets

BTC/USD falls $1,000 while spot gold gives up 2% as USD strength intensifies, beating the year’s previous peaks. Bitcoin (BTC) hit daily lows on the July 5 Wall Street open as the U.S. dollar saw a violent surge higher.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView USD sets yet another 20-year record Data from Cointelegraph Markets Pro and TradingView showed BTC/USD retreating to $19,281 on Bitstamp as the Independence Day long weekend concluded with a bump. The pair had seen last-minute gains the day prior, these fizzling as […]

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Russians banned from accessing Bitmex within European Union

Russian citizens or residents will no longer be able to access BitMEX services from the European Union after July 11, 2022. Major cryptocurrency exchange BitMEX is working to increase compliance with the European sanctions against Russia by preparing to enforce major restrictions for its Russian users. BitMEX is changing its restricted jurisdictions policy to be compliant with various restrictive measures of the European Union, Cointelegraph has learned. The BitMEX crypto exchange notified a group of potentially affected users about the upcoming changes via email on Monday. According […]

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Indian Crypto Trading Volumes Plummet After New TDS Tax Rule Takes Effect

Cryptocurrency trading volumes across exchanges in India have plunged after the country’s 1% tax deducted at source (TDS) went into effect at the beginning of the month. Some major crypto exchanges saw volumes dropping by about 80%. Crypto Trading Volumes Fall Across India The trading volumes across crypto exchanges in India have fallen sharply after the new TDS (tax deducted at source) went into effect on July 1. Trading volumes on major Indian crypto exchanges Wazirx, Coindcx, Zebpay, and Bitbns plunged about 83%, 70%, 76%, and over […]

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Liquid markets are healthy markets, says Kairon Labs co-founder

Market making is a profession that has been around since the early 1980s, many crypto market makers come from backgrounds of traditional finance. Market maker Kairon Labs have been working with projects such as StepApp (FitFi) and Ergo, providing liquidity on over 30 exchanges. Kairon Labs and most other market makers agree that “liquid markets are healthy markets,” as when the markets are liquid, it allows for lower slippage and faster trades to occur, which allows for the fair trade of a token. Cointelegraph spoke with the […]

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Lamborghini-backed GT racing team to authenticate car parts using NFTs

Former racing champion Vincenzo Sospiri said that this will allow them to monitor and ensure the quality of their car parts. Vincenzo Sospiri Racing (VSR), a GT racing team backed by Lamborghini’s motorsport department, has announced its partnership with nonfungible token (NFT) platform Go2NFT to launch a program that certifies racing car parts. In an announcement sent to Cointelegraph, former racing champion Vincenzo Sospiri from the VSR mentioned that their team will build NFT certification for their race cars with Go2NFT and blockchain platform Skey Network. This […]

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Bitcoin, Ethereum Technical Analysis: ETH Back Above $1,100 as BTC Briefly Hits $20K on Tuesday

BTC briefly rose back above $20,000 on Tuesday, as U.S. markets reopened following yesterday’s Independence Day holiday. Prices of ETH also surged, climbing over its $1,100 resistance level. Overall, the crypto market cap is trading 0.63% higher. Bitcoin On Tuesday, bitcoin rallied back above $20,000, as traders returned from the U.S. Independence Day celebrations. In what has been a highly volatile trading session, BTC/USD rose to an intraday peak of $20,405.12 earlier in the day. However, these gains were not sustained, with prices since moving to a […]

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UK government seeks public input on DeFi taxation

The HMRC is asking for input from investors, professionals, and organizations involved in DeFi-related activities. The government of the United Kingdom is asking the public for input on the taxation of crypto asset loans and staking in the context of Decentralized Finance (DeFi). DeFi is an umbrella term that refers to financial applications that are built on top of blockchain technology. This could include anything from lending to borrowing and staking platforms. In particular, the government is interested in gathering information on the taxation of crypto asset […]

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