Cardano Starts Final Preparations For Vasil Hardfork After A Successful Launch On Testnet

Indeed, the team confirmed the successful testnet hardfork in a series of tweets on July 3, adding that it was now inviting the Cardano stake pool operators (SPOs), developers building on the network, as well as exchanges “to commence their final testing and integration processes.” According to the tweets, the complex program of work that the Vasil hardfork involves will require projects to check backward compatibility, as well as SPOs to make some scripting adjustments....

December 27, 2022 · 2 min · 283 words · Aaron Mason

Celsius Is A Ponzi Scheme Ex Employee Alleges In A New Lawsuit

Celsius former investment manager Jason Stone through his firm, identified as KeyFi in a lawsuit before a New York court on July 7, claimed that the company was involved in crypto market manipulation without implementing basic accounting measures to protect customer deposits. According to the lawsuit, the company, which recently froze customer withdrawals, aimed to benefit itself by rigging the price of its native cryptocurrency, CEL. For instance, Celsius is accused of using a customer’s Bitcoin deposits to inflate CEL....

December 27, 2022 · 2 min · 314 words · Edwin Clark

Commodity Strategist It S A Gold Bull Market But Btc Remains A Headwind To Its Upside

According to McGlone, gold attaining a 20% discount to its all-time high of above $2,000 per ounce in 2020 represents the perfect support for the bull run to resume while acknowledging that bitcoin is now the new store of value. His projection comes as the gold price moved past the $1,800 resistance level. Is bitcoin hampering gold’s growth? Previously, McGlone had suggested that bitcoin is hampering gold’s ability to trade above the $2,000 mark....

December 27, 2022 · 2 min · 275 words · Jessica Hamilton

Coronavirus Nudges Investors To Safe Haven Assets Including Bitcoin Finbold

Simultaneously, the virus continues to spread rapidly globally with Iran, northern Italy, and South Korea being the most affected. Now, there is a rush to safety with gold surging to a 7-year high of over $1660.00 per troy ounce. Also, bonds are rising while yields are dropping. Most professional market analysts and commentators express confidence that by the end of the year, coronavirus will already be subdued. They are convinced that the virus will not last into the spring and summer....

December 27, 2022 · 3 min · 433 words · Chong Backer

Crypto Community Makes Bullish Xrp Price Prediction For The End Of September

XRP has managed to sustain its position in the crypto market, maintaining a spot in the top ten digital assets by market capitalization despite the ongoing legal controversies surrounding Ripple. Amid the lawsuit investors continue to speculate on XRP’s next price movement as it attempts to exit the broader crypto bear market. Indeed, the CoinMarketCap crypto community is projecting that XRP will trade at an average value of $0.49 by the end of September 2022, climbing over 50% from its current price at publication....

December 27, 2022 · 2 min · 372 words · Eugene Garner

Crypto Expert Warns Of Domino Effect Akin To The 2008 Wall Street Crash As Bitcoin Plummets

Indeed, the Director of Financial Markets at OKX, the world’s second-largest crypto exchange by spot trading volume, Lennix Lai, said that the crypto industry could be in for a “domino effect” much like the one the financial market went through in 2008, Evening Standard reported on August 19. Similarities to the 2008 crash According to the report, at least ten crypto firms have collapsed or suspended user withdrawals since the year’s turn, with declining Bitcoin price claiming victims across the landscape, including the Terra (LUNA) ecosystem, lending firm Celsius (CEL), and others....

December 27, 2022 · 2 min · 278 words · Roger Ozga

Crypto Market Cap Grew Almost Three Fold In 2021 Despite A Turbulent Year

On a year-to-date basis, the cumulative crypto market capitalisation has surged 2.75 times or 175.6%, from $776 billion as of January 1st to $2.1 trillion as of December 20th, 2021. The market cap attained an all-time high on November 10th at $2.9 trillion; the same day, Bitcoin hit a record price above $68,000. Although several cryptocurrencies have recorded an inflow of capital, Bitcoin remains the dormant player accounting for almost half at $870 billion....

December 27, 2022 · 3 min · 588 words · Greg Adkins

Crypto Market S 10 Billion Weekend Climb Cooling On Monday Finbold

Total market capitalization for the entire digital assets ecosystem gained around $10 billion over the weekend pushing that metric up to $350 billion. Monday morning’s Asian trading session resulted in a cooling-off however as markets slipped back to the $343 billion level. Things have been relatively flat for the past week as the big cap crypto currencies continue their consolidation following a correction from 2020 highs. Bitcoin remains sideways Bitcoin, which was recently advertised heavily in Hong Kong, has done very little over the past couple of days with a brief push to $10,550 before a return to previous levels at $10,300 where it has been trading for most of this month....

December 27, 2022 · 2 min · 367 words · Larry Howard

Decred Dcr And Tron Trx Lead The Top 100 Pack With Solid Gains In The Last 24 Hours

Specifically, the payment coin and protocol Decred has advanced 15.38% over the previous 24 hours and currently trades at $69.37 leading the market. The second-best performer in this area, Tron has gained 8.04% during 24 hours and its current price is $0.06797, as per data acquired from CoinMarketCap on April 22. Meanwhile, the two best 24-hour performers are followed by Kyber Network Crystal v2 (KNC) in the third place advancing 3....

December 27, 2022 · 2 min · 298 words · John Walker

Deutsche B Rse S Xetra Starts Trading Physically Backed Bitcoin Etp Today

The product physically backed by bitcoin aims to give investors exposure to the digital currency by eliminating the technical aspect of investing and holding cryptocurrencies. With the ETP, each fully bitcoin-collateralized note of the product stands for a claim on a specified amount of bitcoin. The product issued by Iconic Funds BTC ETN GmbH, attracts a total expense ratio of 0.95%. Iconic Funds CEO Patrick Lowry explained the motivation behind the latest product....

December 27, 2022 · 1 min · 137 words · Michael Willmann

Eli Lilly And Company Lly Stock Pops 10 In A Day As 2021 Sales Projections Are Raised Finbold

Lilly announced in a statement that its financial forecast for 2022 was stronger than anticipated, with sales and profit expectations for 2021 also upped by the pharmaceutical behemoth. The firm also mentioned a solid pipeline of projects, which has the potential to fuel future growth. Consequently, Lilly’s stock rose by more than 10% on December 15. Both short and long term, Lilly is exhibiting a strong and consistent performance compared to the broader market....

December 27, 2022 · 3 min · 502 words · Beverly Baggett

Ethereum Classic Climbs 28 In A Day Adding Over 1 Billion To Its Market Cap

In particular, the Ethereum Classic market capitalization went from $4.36 billion on September 5 to $5.61 billion on September 6, representing an inflow of $1.25 billion in the last 24 hours, according to data from CoinMarketCap. This capital inflow means that ETC is trading at $41.10, up 28.1% in the last 24 hours and 20.2% across the previous seven days. Why is Ethereum Classic spiking? Ethereum Classic has attained an all-time high hash rate of 48 terahashes per second (TH/s), with a year-to-date growth rate of more than 480%....

December 27, 2022 · 2 min · 340 words · David Whetstine

Ethereum Whales Accumulate As Merge Scheduling Pushes Price Above 1 500

Ethereum has recently surpassed the $1,500 mark, increasing its value by over 45% in a single week, and resurrecting the wealthy crypto investors’ confidence, according to the CoinMarketCap data acquired by Finbold on July 19. The renewed assurance of the token’s bullish future has pushed Ethereum whales into the accumulating mode, as demonstrated on a chart shared by the AI-powered crypto market analytics firm IntoTheBlock on July 18. As visible in the chart, after a period of slower accumulation in mid to late June, the whales’ ETH hoarding activity picked up strongly and reached 22....

December 27, 2022 · 2 min · 266 words · Dewayne Gutierrez

Explained 9 Errors In White House S Report On Climate Implications Of Crypto Mining

Specifically, according to CoinMetrics co-founder Nic Carter, the ‘Climate and Energy Implications of Crypto-Assets in the United States’ study has nine critical mistakes, which he listed and explained on his blog on September 15. #1 No new data First of all, Carter says that “this report is mainly regurgitation of data presented (and in some cases dreamed up) by academia and bloggers,” accusing its authors of limited experience in Proof-of-Work (PoW) debates or laziness in their approach....

December 27, 2022 · 3 min · 495 words · Elmer Meyer

Fincen Fines Crypto Exchange Bittrex 29 Million Over Bank Secrecy Act Violations

In accordance with the measure, which is part of a global settlement with the Office of Foreign Assets Control (OFAC), Bittrex will be forced to pay $29,280,829.20 for violating the BSA and FinCEN’s implementing regulations, according to a press release shared with Finbold on October 11. The agency investigated the crypto exchange’s activities and discovered that it had failed to develop and implement an efficient Anti-Money Laundering (AML) program between February 2014 and December 2018, thus being unable to mitigate the risks involved with its services and products properly....

December 27, 2022 · 2 min · 263 words · Rachel Oliver

Find Out Who Owns A Facebook Page

Now, this is not going to be an easy journey, it requires you to follow some cyber trails, but in the end, you might be able to figure out something about a particular Facebook page’s owner. So, please keep reading to understand it more. Similarly, the page transparency section might also give you a few cues. Lastly, if your favorite page also has an official group, you can check the Group’s Admin to trace back to the page’s owner....

December 27, 2022 · 5 min · 1019 words · Luisa Rothwell

Ford Shares Dip Despite Outperforming Auto Industry In June Finbold

Namely, the firm managed to increase sales in the U.S. by 31.5% to 152,262 vehicles delivered in June, compared to a 4.5% decline it posted for May. While its share of the U.S. market expanded to 12.9% as the sales outperformed the industry. Further, for June, truck sales jumped by 26.4% year-on-year (YoY), car sales increased 62.2% YoY, SUVs increased 36.1% YoY, and finally, electric-vehicle (EV) sales jumped 76.6% YoY....

December 27, 2022 · 2 min · 294 words · Albert Gullickson

Former Federal Prosecutor Says Sec Will Go To Any Length To Control Entire Crypto Space Finbold

On Wednesday, James K. Filan, a former federal prosecutor for the United States Attorney’s Office for the District of Connecticut, remarked on the SEC’s warning about Coinbase’s Lend product. In a tweet, Filan wrote: A securities litigation and government investigations expert, Filan is a member of the American Bar Association. He is also a well-known figure in the Ripple community. As of Wednesday, Coinbase disclosed that the SEC had threatened to prosecute the firm over its loan services....

December 27, 2022 · 2 min · 252 words · Angela Sandoval

Gamestop Stock Price Doubled Despite Missing Financial Estimates

The rally in share price is supported by price target upgrades from two major firms. Jefferies has raised GameStop stock price target to $8 with a Buy rating while the Telsey Advisory Group sets a $10 price target with an Outperform rating. The share price rally is also backed by reports that a large institutional investor RC Ventures is aggressively buying GameStop stock. RC Ventures now holds a 10% stake in GameStop....

December 27, 2022 · 2 min · 241 words · Victoria Dunkin

German Crypto Broker Nuri Formerly Bitwala Files For Insolvency

Indeed, the startup cryptocurrency brokerage firm Nuri GmbH, previously called Bitwala, filed for insolvency in Berlin on August 9, according to the company’s blog post published on the same day. After-effects of adverse circumstances As the reasons factoring in its insolvency filing, the company cited unfavorable market conditions for fintech startups around the world and the need to protect its clients amid “a lasting strain on the liquidity of our business”: In addition, the crypto bank assured the public that this move “does not affect our services, customer funds or investments with Nuri,” adding that “for the time being, nothing will change and Nuri’s app, product and services will continue to run....

December 27, 2022 · 1 min · 205 words · Brian Henson