95ab616d7ed3755e887c0c8abd77dfdd0fef68b0 Big Crypto

Why Oracles Will Drive the Next Stage of Evolution in the DeFi Market

Aug 8, 2022

In a world of “interests,” it is vital that no one has a monopoly on truth. Decentralized protocols have grown in popularity as viable alternatives to traditional centralized systems. People are recognizing the flaws of centralized authority and adopting open, decentralized, and trustless systems. However, for decentralized protocols to truly be open and transparent, there’s a need for an infrastructure that would help access offline real-time information in a trustless manner. The ...read more

Nayib Bukele Attributes Tourism Recovery in El Salvador to Bitcoin, Surf, and Crime Reduction

Aug 8, 2022

Nayib Bukele, the president of El Salvador, declared that the speedy recovery of tourism in the country had to do with three elements, including surfing, bitcoin, and overall crime reduction. El Salvador was one of the 15 countries that managed to take their tourism incomes to pre-pandemic numbers according to data from the World Tourism Organization. Nayib Bukele States International Tourism Growth Is Powered by Bitcoin in El Salvador Nayib Bukele, the president of El Salvador and promote ...read more

Crypto.com Boosts Global Presence, Secures Registration in South Korea

Aug 8, 2022

One of the world’s largest cryptocurrency trading platforms, Crypto.com has expanded its international presence through the virtual asset service provider registration in South Korea. The digital asset firm has acquired the payment service provider, PnLink and virtual asset service provider OK-BIT. The latest announcement from Crypto.com came almost two weeks after the company received regulatory approval from CySEC. In June 2022, the firm obtained in-principle approval from Singapore’s MAS ...read more

Tesla CEO Elon Musk Says Inflation Has Peaked — But We’ll Have a Recession for 18 Months

Aug 8, 2022

Tesla CEO Elon Musk believes inflation has peaked and the U.S. economy will be in a recession for about 18 months. “We do get a fair bit of insight into where prices of things are going over time,” the billionaire explained, noting that “inflation is going to drop rapidly.” Elon Musk Explains Why He Thinks Inflation Has Peaked and Recession Will Last 18 Months Tesla and Spacex CEO Elon Musk shared his view on the U.S. economy, inflation, and recession during Tesla’s 2022 annual ...read more

The Number of Cryptocurrency ATMs Installed Worldwide Surpasses 39,000

Aug 8, 2022

This week the number of cryptocurrency automated teller machines (ATMs) operating worldwide has surpassed the 39,000 mark. Since January 2017 when the count was approaching 1K machines, the number of crypto ATMs has grown by 3,925% since then. Crypto ATM numbers saw exponential growth during the last 23 months since September 1, 2020, when there were less than 10K machines worldwide. There’s Now 39,011 Crypto ATMs Installed Across 77 Countries During the first week of August 2022, the nu ...read more

TA: Bitcoin Price Could Rally If There Is A Close Above This Key Resistance

Aug 8, 2022

Bitcoin price remained supported above the $22,650 level against the US Dollar. BTC could rally if there is a clear move above the $23,500 resistance zone. Bitcoin is trading in a range above the $22,500 level the $23,500 level. The price is now trading above the $23,000 level and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $23,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $23,500 r ...read more

3 Bills Introduced in US to Make CFTC Primary Regulator of Crypto Spot Markets

Aug 8, 2022

Three different bills have been introduced in the U.S. this year to empower the Commodity Futures Trading Commission (CFTC) to be the primary regulator of the crypto spot markets. Lawmakers Want CFTC to Be Primary Regulator of Crypto Spot Markets Three bills have been introduced in Congress so far this year to make the Commodity Futures Trading Commission (CFTC) the primary regulator for crypto spot markets. Noting that there has been a longtime debate as to whether the Securities and Exch ...read more

Solana Price Caught In Consolidation, Unable To Break Past The $40 Level

Aug 8, 2022

Solana price has been trading laterally as the altcoin has not been able to move past the $40 price mark. The altcoin has experienced a blow recently as thousands of wallets were drained of their assets owing to an exploit. The latest exploit had allowed hackers to drain the funds using private keys. After the attack on the network, Solana’s value swiftly dropped to $38. Solana price has now been stuck at the $40 level. The current support level for the coin stood at $40 and failing to sta ...read more

Renowned Investor Jim Rogers Warns Governments Want to Control Crypto — ‘They Want to Regulate Everything’

Aug 8, 2022

Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has warned about cryptocurrency, stating that “if and when all our money is on our computer, it’s going to be government money.” Nonetheless, he noted that his wife invests in crypto. Jim Rogers’ Crypto Warning Famed investor Jim Rogers shared his view about cryptocurrency in an interview with Bloomberg, published last week. Rogers is George Soros’ former business partner who co-f ...read more

Tiffany & Co. NFT Sale Sells out, Luxury Jewelry Retailer Rakes in $12.5M in Ethereum

Aug 8, 2022

On August 5, 2022, the American luxury jewelry retailer Tiffany Co. announced that the company’s non-fungible token (NFT) mint called “Nftiff” sold out. Tiffany’s sold 250 Nftiffs for 30 ethereum per Nftiff raking in more than $12.5 million from the sale. The NFTs created by Tiffany’s have to be redeemed by August 12 and so far 94 Nftiffs have been redeemed. Tiffany Co. NFT Sale Sells Out Gathering $12.5 Million in Ether Six days ago, Bitcoin.com News reported on Tiffany Co. rev ...read more