Three design flaws in blockchain tech are holding the NFT sector back — and they need to be tackled for it to reach its full potential. Years after CryptoKitties were released to the masses, the nonfungible token (NFT) sector is…
Kategorie: Crypto Flash News
Binance will ‘work with regulators’ as it expands, says CEO
“We want to be licensed everywhere,” said Changpeng Zhao. Changpeng Zhao, the chief executive officer of Binance, has said he wants the major cryptocurrency exchange to work with local regulators as it establishes regional headquarters. According to a Tuesday report…
Inside El Salvador’s Bitcoin experiment: Cointelegraph video report
Cointelegraph traveled to El Salvador to investigate whether citizens believe its new Bitcoin Law will be beneficial to the nation’s economy. Last month, Bitcoin was adopted as legal tender in El Salvador, joining the U.S. dollar. The country’s new Bitcoin…
1inch Foundation plans to distribute 10M tokens to compensate for gas costs
Only users who stake 100,000 1INCH or more will receive a full refund for their gas fees. The non-profit arm of decentralized exchange aggregator 1inch plans to give away more than $23 million to users starting September 1. In an…
NFT-based game Splinterlands raises $3.6M via private token sale
Only 6.6% of the supply of the SPS token was reserved for the private sale. Purchasers are subject to a minimum 10-month vesting period. Splinterlands — a trading card game built on the blockchain — has concluded a private token…
Pennsylvania legislature mulls crypto task force bill
The proposed crypto task force will examine the impact of crypto and digital currencies across the Commonwealth of Pennsylvania. A bill to establish a crypto task force in Pennsylvania has been introduced in the state’s General Assembly. According to the…
Bitmart seeks restraining order to prevent hackers from selling fake BSV
The owner of crypto exchange Bitmart has asked a New York judge to intervene to prevent hackers from selling the fraud-begotten coins on the open market. The owner of crypto exchange Bitmart has filed a bid for pre-arbitration injunctive relief…
Huobi winds down former exchange operator in China
Huobi’s move follows a similar decision by crypto exchange OKEx, which resolved to dissolve its China-based entity in late June. Stakeholders in the Chinese firm that was founded to operate cryptocurrency exchange Huobi have resolved to dissolve the entity, according…
Bitcoin price seeks higher low as trader forecasts $45K breakout within weeks
Bitcoin will need several attempts, but resistance should ultimately fall to bulls, however, a healthy consolidation is also required, market participants explain. Bitcoin (BTC) traded steadily on Tuesday after a surge above $40,000 resulted in higher levels broadly holding. BTC/USD…
Kazakhstan to reportedly allow banks to process crypto purchases
A new project in Kazakhstan aims to enable local crypto businesses to provide crypto investment services legally. The government of Kazakhstan is reportedly planning to officially authorize local banking institutions to open bank accounts for cryptocurrency transactions. Several banks in Kazakhstan…