The United States Securities and Exchange Commission (SEC) has once again extended the timeline for its decision on VanEck’s Bitcoin ETF application. According to an extension notice posted on Wednesday, the financial watchdog is expected to make its final decision to either approve or disapprove the application on November
British banking giant Standard Chartered has released a rather bullish prediction on the future prices of Bitcoin and Ethereum. The report, which was published on Tuesday, suggests that Bitcoin could trade in the $50,000 to $175,000 price range in the long term. Ethereum, on the other hand, was
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Slavi, the Dubai-based cross-chain project offering "a decentralized finance luxury infrastructure" for clients, will develop an NFT marketplace as per an update on September 1. Slavi to Launch an NFT Marketplace The NFT marketplace, once developed and launched, will provide its users the opportunity to trade NFTs or
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According to an in-depth analysis based on the economic life of smallholder farmers as collated and written by George Rapsomanikis, most small-time farmers in emerging markets like cannabinoids [CBD] live on less than $2 a day, a diminutive amount for a group of individuals that work tirelessly. Per the aforementioned
MicroStrategy’s Chief Financial Officer Le Phong and its Chief Technology Officer Timothy Lang exercised about one-third of their options in August 2021. Phong exercised 20,000 options, eventually selling the shares for $7.3 million between Aug 2 and 6, while Lang exercised 10,000 options then sold all
Following its decision to endorse the cryptocurrency industry in January, the Russian government is now trying to regulate crypto mining activities. Local lawmakers appear to be serious about regulating the crypto industry as proponents of the sector push to attract global crypto mining operators. The current chairman of the Russian
James K. Filan has thrown a jab at the SEC for threatening to sue Nasdaq-listed crypto exchange Coinbase. According to him, the financial watchdog “will stop at nothing to control the entire crypto space.” Filan, who is the former federal prosecutor for the US Attorney’s Office for the District
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At least 42 non-fungible tokens on NFT marketplace OpenSea have been destroyed due to a bug on the platform. The NFTs are worth a minimum of $100,000. Nick Johnson, the lead developer of the Ethereum Name Service (ENS), raised an alarm on the issue after noticing that an ENS
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Yield farming, according to a recent article published on CoinMarketCap, is the foremost driver of the $120 billion decentralized finance [DeFi] market. Per the aforementioned source, this trend which involves the staking or locking of assets with the intent to earn rewards pushed the still incipient industry from a market
According to blockchain intelligence firm Chainalysis, institutional investors accounted for a majority of the transactions in the decentralized finance (DeFi) sector in Q2 of 2021. Chainalysis, in its soon-to-be-released “Global DeFi Adoption Index” report, noted that “large institutional transactions, meaning those above $10 million in USD, accounted for over 60%
On Wednesday, September 8, the Ukrainian parliament passed the second reading of the Virtual Assets Bill, setting the country on a path to legalizing cryptocurrencies like Bitcoin. The bill, which seeks to legally recognize digital assets and regulate the cryptocurrency space, was supported by 276 deputies, Ukrinform reports. If approved,
US regulators are planning to go after Coinbase if it launches a planned program that would allow users to earn interest by lending crypto assets. According to a Wednesday blog post, the leading cryptocurrency exchange platform received a Wells Notice from the Securities and Exchange Commission (SEC), signaling its intention
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According to an in-depth analysis based on the economic life of smallholder farmers as collated and written by George Rapsomanikis, most small-time farmers in emerging markets like cannabinoids [CBD] live on less than $2 a day, a diminutive amount for a group of individuals that work tirelessly. Per the aforementioned
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On September 4, 2021, BurningMoon held its first live token Buyback and Burn Event. The event created wide interest from investors, and it also gave rise to positive market response. More than $100 000 were bought back from the market and burned during the first Buyback event. In a statement
Amid Bitcoin’s flash crash on Tuesday, a number of leading crypto exchanges buckled under pressure, preventing retail investors from buying the dip. The price of several top cryptocurrencies fell sharply on Tuesday, with Bitcoin losing over 9%. The value of the flagship crypto plummeted from $52,000 to $43,
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The Central Bank of Nigeria (CBN) is finally set to roll out its digital currency project after four years of development. The launch will likely happen on October 1, the country’s 61st Independence Day celebration. The e-Naira project comes at a time when many anti-crypto policies from the CBN