Weekly Update: LDO Outperforms, MATIC Rises By 65% While Ethereum Gains Momentum

Dec 3, 2022

As markets responded to Shadow Fork 9’s announcement, ETH was back in the green. Ethereum is currently regaining ground and progressing due to the favorable market situation.  At the same time, some other altcoins are doing well on the weekly chart, such as Polygon (MATIC) and Lido DAO (LDO), which have seen considerable price increases over the last week and in the previous 24 hours as well. Related Reading |  TA: Bitcoin Price Eyes Fresh Increase To $22K, Why Dips Remain Support ...read more

Blockchain app ecosystem Unifi launches decentralized arbitrage solution – DARBi

Dec 3, 2022

DARBi to be featured as a core component of Unifi Protocol’s latest $11M infrastructure upgrade occurring in Q3 2022... Related News Quantum Generation (QG), a space-based decentralized banking, exchange, data storage, and social platform, announced today with Plato, an open intelligence repository and platform that curate's the latest data intelligence, that the two teams will... Read more Mixin, a layer-2 solution with support for 41 blockchains i ...read more

US and UK to Deepen Ties on Crypto Regulation, Says British Regulator

Dec 3, 2022

Britain’s top financial regulator, the Financial Conduct Authority (FCA), says the U.S. and U.K. will deepen ties on crypto regulation. “In the past, innovative firms would have been pleading for less regulation. Now they understand and appreciate that rules are there to help provide certainty,” said the British regulator. US and US to Strengthen Collaboration on Crypto Regulation The U.K. Financial Conduct Authority’s chief executive, Nikhil Rathi, outlined the FCA’s regulato ...read more

TA: Bitcoin Price Eyes Fresh Increase To $22K, Why Dips Remain Supported

Dec 3, 2022

Bitcoin started a steady increase above the $21,000 resistance against the US Dollar. BTC could rise further towards $22,000 if it stays above the $20,500 support. Bitcoin is slowly moving higher above the $21,000 resistance zone. The price is now trading above the $20,800 level and testing the 100 hourly simple moving average. There was a break above a short-term bearish trend line with resistance near $21,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might g ...read more

TA: Ethereum Outpaces Bitcoin, Why ETH Could Rise To $1,500

Dec 3, 2022

Ethereum started a major increase above the $1,200 resistance against the US Dollar. ETH even climbed above $1,400 and might rise further towards $1,500. Ethereum gained bullish momentum after there was a close above $1,250. The price is now trading above $1,350 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $1,325 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $1,420 resistance ...read more

White House Reporter Says Inflation Has Become ‘Biden’s Political Nightmare’ as Critics Slam Government Spending

Dec 3, 2022

While the latest Bureau of Labor Statistics Consumer Price Index (CPI) report indicates U.S. inflation has continued to print perpetual new highs, U.S. president Joe Biden is losing ground on his climate bill. The Biden administration’s recent budget negotiations and tactics toward dealing with inflation have been criticized by West Virginia’s senator Joe Manchin who thinks specific parts of the climate bill could wait. Amid the political tussle, the U.S. government and Federal Reserve ...read more

Yuga Labs Drops Otherside Litepaper — Document Covers the ‘Foundational Principles’ of the Metaverse Platform

Dec 3, 2022

Following the introduction of the Otherside metaverse and the apecoin (APE) launch, Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs), published the Otherside’s litepaper. The team says the “document serves as a starter guide for the Otherside, [and] it covers foundational principles of the platform, capabilities of its developers, and possibilities for community co-creation.” Otherside Litepaper Says Platform is a World-Building Platform That Prov ...read more

Gary Gensler Outlines What to Expect From SEC on US Crypto Regulation

Dec 3, 2022

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined what to expect from the securities watchdog on crypto regulation. “We do have robust authorities from Congress also to use our exemptive authorities that we can tailor investor protection,” he explained. Chair Gensler Highlights SEC’s Work on Crypto Regulation SEC Chairman Gary Gensler outlined what to expect from his agency on U.S. crypto regulation Thursday in an interview with Yahoo Finan ...read more

The Central African Republic Says Sale of 210 Million Sango Crypto Tokens to Commence in Late July

Dec 3, 2022

The sale of the Central African Republic (CAR)’s 210,000,000 Sango coins is set to begin on July 25 and participating investors will have to buy tokens worth at least $500. In return for buying and locking in the Sango coins, investors will gain citizenship and a piece of real estate property as well as a location in the metaverse. First Digital Monetary System The Central African Republic (CAR), the only African country to designate bitcoin legal tender, will begin selling the Sango coi ...read more

Report: Equitiesfirst Named as ​​Mystery Debtor to Celsius, $439 Million Owed to Crypto Lender

Dec 3, 2022

Ever since Celsius paused withdrawals on June 12, the company has been the focus of attention due to the lender’s financial hardships. A month later, Celsius filed for bankruptcy in the U.S. by leveraging the Chapter 11 process. Two days after the bankruptcy filing, a report disclosed that two people familiar with the matter allege that the private lending platform that owes Celsius $439 million is Equitiesfirst. FT Sources Allege Private Lending Platform That Owes Celsius $439M Is Equit ...read more

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