Bitcoin briefly rose above $23,000, following stocks higher after the U.S. Federal Reserve raised interest rates. Still, analysts don’t see this crypto rally as having solid legs and predicting prices will likely stagnate at current levels.
Author: hassan
hassan
Hassan Shittu contributed to Blockchain Journal as a cryptocurrency journalist, covering blockchain technology, digital asset markets, and broader industry developments. His reporting focused on delivering clear, timely coverage of crypto-related news, with attention to market structure, ecosystem trends, and factual accuracy.
Venture capitalists (VCs) are investing in blockchain and digital currency firms at a rate expected to surpass last year’s record, even though the crypto industry is shivering in the cold winter.
The now renowned Dark Knight of Terra, FatManTerra, has announced a class action lawsuit through US solicitors, Scott+Scott, in an attempt to recoup UST investments following the collapse of the Terra ecosystem.
The movement of Defi has been leaving a growth track in the vast space of innovations in the Blockchain world. The permissionless, decentralized system has been helping people worldwide. With the help of an internet connection and a verified supported wallet, you can easily transact and interact with Defi. It’s set to requiring no mediator or intermediary.
Web3 has been the center of attention for quite some time now. With several developments, integrations, and definitions of several aspects of the emerging technology, Web3 can be best described as the novel type of internet connectivity that is not dominated by a small number of key players as it is today.
WEMIX, a Blockchain Gaming Platform developed by WEMIX Pte.Ltd announced on Tuesday, July 26, that it will provide liquidity on Uniswap, the decentralized exchange (DEX) of Ethereum, aiming to leap forward as a global leader with its interoperability in Ethereum’s most prominent blockchain ecosystem in the world.
According to Bloomberg News on Monday, the U.S. Securities and Exchange Commission (SEC) is investigating whether Coinbase improperly let Americans trade digital assets that should have been registered as securities.
Centralized crypto lender Voyager Digital Holdings has rejected an offer from FTX and its investment arm Alameda Ventures to buy out its digital assets because the actions “are not value-maximizing” and potentially “harm customers.” The buyout proposal from Alameda and FTX seems to have upset Voyager’s lawyers, who do not see the offer as a serious one that would benefit its users.
On the afternoon of July 24th, at the 5th China Digital Construction Summit held on the 23rd and 24th in Fuzhou, Fujian Province, Mu Changchun, director of the Digital Currency Research Institute of the People’s Bank of China, explained in detail the digital RMB and privacy and personal information protection issues that the market is more concerned about.
Centralized crypto lender BlockFi disclosed that as of the end of Q2, it had $1.8 billion in outstanding loans from institutional and retail investors and $600 million in “net exposure.”