Quick Look
Japanese Trading House Mitsui to Launch Gold-Linked Cryptocurrency: Report
ZPG coin will also be used for digital payments, Nikkei Asia reported. Source
KPMG adds Bitcoin and Ethereum to its balance sheet
Corporate giant KPMG no joins the likes of MicroStrategy and Tesla in adding Bitcoin to their balance sheets. Bitcoin price has rallied...
Metaverse Tokens AXS, SAND Plummet as Meta Reports $10B Loss
A setback in the metaverse strategy of the Facebook parent firm will directly impact the market perception of other metaverses, a...
Baby Doge Partners With Bundesliga Club TSG Hoffenheim for Promotional NFTs
The partnership involves the placement of promotional material at TSG Hoffenheim’s home venue. Source
Crypto Exchange Luno Eyes US Expansion
Cryptocurrency exchange Luno is eyeing an expansion into the U.S., its general manager for Africa said. Source
XRP gains 30% after Ripple gets permission to explain ‘fair notice defense’ vs. SEC
Ripple (XRP) price rose by nearly 30% in less than a week amid positive sentiment around the court case, in which the U.S. Securities and...
Myanmar's Military Government Plans Digital Currency Launch: Report
The country's shadow government said in December that it will accept tether as official currency. Source
Stop listening to celebrities for financial advice, says Binance Super Bowl campaign
From NFL players accepting their salaries in cryptocurrency and Tom Brady founding his own nonfungible token (NFT) marketplace to the NFL...
Sphere 3D to Buy 60K NuMiner Machines for $1.7B
NuMiner says its NM440 miners have a hashrate of 440 terahash per second (TH/s), 122% greater than rival Bitmain’s newest machines....
Bitcoin will rally to $200K in the second half of 2022, FSInsight says
The crypto market cap could surpass $9.6 trillion if BTC hits $200k, the report said. Meanwhile, the price of Ether (ETH) could climb as...
17 Crypto Firms Form a Market Integrity Coalition Aimed at Bolstering a Sensibly-Regulated Industry
On February 7, 2022, a group of 17 digital asset companies revealed they formed an organization called the Crypto Market Integrity...
GALA gains 117% in February as P2E crypto gaming goes mainstream
The play-to-earn (P2E) gaming sector of the cryptocurrency ecosystem has been one of the most resilient sectors to the volatility and...
Technical Analysis: SHIB Climbs 50% Higher, as Meme Coin Hits $16 Billion Market Cap
Shiba inu (SHIB) is up over 50% as of writing, with cryptocurrency markets continuing to gain momentum to start the week. The so-called...
Nexo co-founder: “Cheap money” is here to stay and that’s ‘good for crypto’
Antoni Trenchev says the Fed is unlikely to be as aggressive as expected and “cheap money” will likely continue to flow into...
‘Wave of litigation’ to hit NFT space as copyright issues abound
Ownership is one of the most critical aspects of nonfungible tokens (NFT). They are a representation of the evolution of execution and...
Crypto Economy Recaptures $2 Trillion, Bitcoin Moves Back Into the World’s Top 10 Most Valuable Assets
The crypto economy has jumped back above the $2 trillion mark after falling below that value in mid-January. Statistics indicate that the...
Hashstack launches first protocol for non-custodial, secure under-collateralized loans
Hashstack Finance has debuted its Open protocol, the first ever DeFi lending protocol to offer non-custodial, secure under-collateralized...
New BTC price targets emerge as Bitcoin sizes up Wall Street open
Bitcoin (BTC) continues to linger just below $43,000 on Feb. 7 as markets gear up for what promises to be a lively week. Another step up...
Bitcoin hits $43,000: Here’s why analysts are bullish for BTC in the short term
The bounce puts Bitcoin on track to consolidate gains above $40k, suggesting a fresh target lies above the $43k resistance line. BTC price...
Price analysis 2/7: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOGE, DOT, AVAX
Bitcoin’s (BTC) price inched higher over the weekend as bulls try to enforce a trend change while bears attempt to stall the relief rally....
Bitcoin, Ethereum Technical Analysis: Bitcoin Hits $43,000 After Tesla Announcement
Following a strong weekend, bitcoin’s surge continued to start the week, as Tesla announced close to $2 billion worth of holdings...
Coinbase Users Can Now Receive Tax Refunds in Crypto Through TurboTax
Both federal and state tax refunds can both be converted automatically into cryptocurrency. Source
The Miner Capitulation Number: A Look at When Bitcoin’s Price Crashed Below the Cost of Production
Over the last 30 days, Bitcoin’s hashrate has been coasting along at the highest levels ever recorded during the network’s...
The 5 Big Risk Vectors of DeFi
IntoTheBlock CEO Jesus Rodriguez offers a taxonomy for understanding risk in DeFI Source
Jump Trading Backstops Wormhole’s $320M Exploit Loss
Wormhole’s parent company has stepped in to prevent chaos across the Solana DeFi landscape, three sources tell CoinDesk. Source
CryptoAltum Launches Zero Fee ‘CryptoConvert’ and Lists Doge and Shiba on MT5
PRESS RELEASE. When it comes to the cryptocurrency industry, it is absolutely vital to be able to convert one cryptocurrency, token or...
Is Shiba Inu overheating after SHIB price gains 75% in two weeks?
Shiba Inu (SHIB) looks poised to undergo sharp price corrections after rallying nearly 75% in almost two weeks. SHIB’s price rallied to...
How to stake crypto on FTX
The FTX app allows users to stake their supported balances. Staking on FTX and earning rewards is quite simple. This guide offers a...
Nigerian Blockchain Advocacy Group Says ‘Crypto Is Legit’ — Calls for Regulation of Industry
The Nigerian blockchain advocacy group, the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN), has said crypto is legit...
Market highlights February 7: XRP up 13%, US markets recover lost ground
The crypto market as a whole was in the green at time of writing, with the majority of top 10 cryptos registering gains over the past 24...
Electricity Consumption Spikes in Irkutsk as More Russians Start Mining Cryptocurrency
Electricity suppliers in the Russian region of Irkutsk have registered a surge in power consumption in residential areas which they are...
BTC price returns to $43K — 5 things to watch in Bitcoin this week
Bitcoin (BTC) is in a fighting mood this week as the weekly close buoys bulls’ cause and wipes out several weeks of downside — can...
You can now buy Decentraland as it recovers from the Meta dip: here’s where
Meta posted losses of $10 billion by its augmented and virtual reality department, and most metaverse tokens took a hit. Decentraland was...
Florida Home to Be Sold as an NFT, Decentralized Organization Seeks Bel Air Megamansion
According to a California-based real estate technology company called Propy, a four-bedroom home in Gulfport, Florida, will be tokenized...
Where to buy Smooth Love Potion, which added 26% to its value today
The live Smooth Love Potion price today is $0.014 with a 24-hour trading volume of $428.3 million. Smooth Love Potion is up 26.27% in the...
Shiba Inu is surging today, up 22%: here’s where to buy Shiba Inu
The lovable canine hardly needs an introduction. What you might not know is that until yesterday, this was the longest period it had not...
Report: Chainalysis Detects ‘Significant’ Wash Trading Using NFTs
Chainalysis, one of the leading blockchain and cryptocurrency auditing firms, has issued a report indicating signs of significant wash...
Binance Warns Crypto Investors of ‘Massive Phishing Scam via SMS’
Cryptocurrency exchange Binance has warned investors of a “massive phishing scam via SMS.” The scammers sent SMS messages to...
Social Commerce on Cardano: Meloot to Hold a Seed Sale on KICK․IO
PRESS RELEASE. The world of e-commerce is rapidly transitioning to that of social commerce, where demand for products is driven by videos...
Sneaker Giant Nike Sues Online Retailer for Selling Unauthorized Nike Shoe NFTs
Nike has filed a lawsuit against an online reseller using unauthorized Nike shoe images in non-fungible tokens (NFTs). “Those...
Meta-Marriage: Decentraland hosts first Metaverse wedding
A Phoenix couple tied the knot with their digital identities this weekend in the first marriage to take place in the Metaverse. The...
US Senator Ted Cruz Bought the Bitcoin Dip, Discloses BTC Purchase Worth up to $50K
U.S. Senator Ted Cruz has declared his bitcoin purchase worth up to $50,000. “I’m also particularly proud that my home...
Google Exploring Blockchain Products — CEO Shares Web3 Strategies
Google has shared some details of its web3 and blockchain strategies. “As a company, we are looking at how we might contribute to...
Crypto derivatives data signals improving investor sentiment and a possible trend reversal
This week the total crypto market capitalization rallied 10% to $1.68 trillion, which is a 25% recovery from the Jan. 24 bottom....
US Treasury Warns NFTs May Present New Illicit Finance Risks
The U.S. treasury department has warned that non-fungible tokens (NFTs) may present new illicit finance risks. According to industry...
Major Exchange LBank Wishes Lunar New Year via NASDAQ Billboard on Times Square NYC
PRESS RELEASE. On 1st Feburary, 2022, LBank Exchange promoted the wishes to the world through Times Square NYC – NASDAQ Billboard,...
DAOs: Where humans may fail, AI could succeed
Decentralized autonomous organizations (DAOs) offer a new way of organizing businesses in a non-hierarchical structure that encourages...
Top 5 cryptocurrencies to watch this week: BTC, ETH, NEAR, MANA, LEO
Bitcoin (BTC) surged above the $40,000 psychological resistance on Feb. 4 and successfully held the level over the weekend. This boosted...
Crypto Users and Exchanges Must Now Report Transactions in Colombia
The Colombian government has issued new regulations that force exchanges and individuals to report cryptocurrency transactions to the...
England’s Manchester United Set to Unveil Tezos Blockchain Shirt Sponsorship, Report
Tezos blockchain has reportedly agreed to a training kit sponsorship with Manchester United in a deal that will see the latter receive...
Bitcoin rejected after attacking $42K as trader says BTC price impulse move not ‘done yet’
Bitcoin (BTC) zoned in on a multi-week high for the weekly close on Feb. 6 as a calm weekend helped fragile sentiment. BTC/USD 1-hour...
Ethereum Co-Founder Vitalik Buterin Discusses Proposal to Alleviate Network’s Congestion, High Fees
Ethereum’s co-founder, Vitalik Buterin, and developer Tim Beiko have been discussing a proposed solution to the data transfer gas...
Axie Infinity token AXS gains 40% after taking steps to avoid ‘permanent economic collapse’
The price of the Axie Infinity (AXS) token has surged by nearly 40% in three days. AXS rallied to over $65, its best level in more than...
Decentralized autonomous organizations: Tax considerations
A decentralized autonomous organizations (DAO) is an organization that is managed by a computer program powered by blockchain and run by a...
Cryptocurrency Theft Remains Key Revenue Source for North Korea, UN Report Says
Cyberattacks on cryptocurrency exchanges have been a major source of funds for North Korea in the past year, a United Nations report has...
Shaktiio: the Anti-Liquidation Protocol for Crypto-Backed Loans
PRESS RELEASE. Based on the Anti-liquidation protocol, Shaktiio develops a liquidation protection programme for CeFi lending platforms....
Saudi Princess Reem Al Faisal Launches ‘First’ Saudi NFT Collection
Reem Al Faisal, the photography-loving Saudi Arabian princess, recently announced the launch of her first Saudi non-fungible token (NFT)...
Russians Mining Crypto to Pay at Least 15% Tax, Companies – No Less Than 6%, Lawmaker Says
Private individuals mining cryptocurrency may expect a higher tax burden than businesses involved in the industry, a high-ranking member...
Russian Government to Present Regulatory Scenarios for Cryptocurrencies Within a Week, Report
The federal government of Russia should be ready with different regulatory scenarios for the country’s crypto market by the end of...
Are NFTs an animal to be regulated? A European approach to decentralization, Part 1
Nonfungible tokens (NFTs) are constantly in the news. NFT platforms are springing up like mushrooms and champions are emerging, such as...
Rolling Stone Partners With Coinbase, First Collaboration Is a Limited Edition NFT Collection
Following a two-year hiatus, the American magazine that’s dedicated to music, politics, and popular culture, Rolling Stone,...
Report: Andreessen Horowitz Seeks an Investment in Bored Ape Yacht Club
Two reports claim that the creators of the popular non-fungible token (NFT) project Bored Ape Yacht Club (BAYC) are in talks of raising...
All eyes on Asia — Crypto’s new chapter post-China
A fundamental trait of crypto is as an asset class that transcends jurisdictions. Yet, one of the key hubs driving adoption and innovation...
Billionaire Ray Dalio Discusses Future of Money, Insists Some Governments Will Ban Crypto
Billionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has shared his view on cryptocurrency...
This bullish Ethereum options trade targets $3.1K ETH price with zero liquidation risk
Ether price (ETH) spent the last two months stuck in a rut and even the most bullish trader will admit that the possibility of trading...
Rich Dad Poor Dad’s Robert Kiyosaki Says the Fed and Treasury Are Destroying the Dollar, Advises Saving Bitcoin
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the Federal Reserve and the Treasury are...
US Lawmakers Introduce ‘Virtual Currency Tax Fairness Act’ to Boost Cryptocurrency Use for Payments
Several U.S. lawmakers have introduced the Virtual Currency Tax Fairness Act to strengthen “the legitimacy of cryptocurrency in our...
Algorand (ALGO) could rally by nearly 25% after a period of price consolidation- Here is why
Algorand (ALGO) looks poised for a bullish breakout. After dropping below the $1 mark, the coin has actually been consolidating there the...
JUNO (JUNO) enters top 100 crypto rank and hits all-time highs in a recent bullish surge
JUNO (JUNO) network, a smart contract platform linked to the Cosmos ecosystem is now among the top 100 cryptocurrencies by market cap. The...
Metaverse tokens surge after Meta tanks, Dorsey roasts Diem after it shuts down, a new malware can target 40 browser wallets: Hodler’s Digest, Jan. 28-Feb.5
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst)...
Venezuelan Government Approves New Tax for Cryptocurrency and Foreign Currency Transactions
The Venezuelan Government has approved a new tax that would affect transactions made in foreign currency and cryptocurrency transactions....
A Mining Rig That Boasts 440 TH/s? Miners Question the Legitimacy of New Bitcoin Mining Device
The cryptocurrency community has been discussing a newly announced bitcoin miner called the Numiner NM440 that claims to produce speeds of...
Easy-to-use DeFi protocols will become the new gatekeepers to crypto
It has arguably never been easier to participate in the crypto ecosystem. After centralized exchange powerhouse Coinbase recently began...
Value Locked in Defi Climbs 13% Higher Since Last Week’s Low, SOL Price Jumps 25%, AVAX TVL Spikes
The total value locked (TVL) in decentralized finance (defi) has jumped back above the $200 billion range, hovering around $216.49 billion...
Technical Analysis: Gala Jumps 37% Higher, as Crypto Bulls Return
During the weekend, when bitcoin rose to a two-week high, it was Gala that stole the show after climbing 37%. Bulls returned to action on...
Indian couple celebrates blockchain wedding with NFT vows, digital priest
A young couple from India used nonfungible tokens (NFTs) to digitize their love for each other till eternity over the Ethereum (ETH)...
3 things every NFT investor should know to avoid a tax nightmare
2021 will be remembered as the year of nonfungible tokens (NFTs). In a year where names like Beeple and Bored Ape Yacht Club dominated the...
Ethereum eyes $3.5K as ETH price reclaims pandemic-era support with 40% rebound
Ethereum’s native token Ether (ETH) looks poised to hit $3,500 in the coming sessions as it reclaimed a historically strong support...
Government Official Discusses Indian Crypto Policy, Global Regulations, G20 Meeting
India’s economic affairs secretary, Ajay Seth, has provided an update on what the Indian government is doing in terms of finalizing...
Bitcoin, Ethereum Technical Analysis: Ethereum Moves Past $3,000 to Start the Weekend
Following a week of consolidation, bitcoin and ethereum prices both rallied past key resistance levels to start the weekend. Bitcoin moved...
Gofundme Shuts Down Truckers’ Freedom Convoy Fundraiser, Move Highlights the Importance of Crypto Crowdfunding
This week the world has been watching the thousands of truckers in Canada protesting the vaccine mandates at the Freedom Convoy in Ottawa....
Bitcoin stays higher after stocks propel BTC price toward $42K
Bitcoin (BTC) held above $41,000 into the weekend after a late surge Friday took the largest cryptocurrency to two-week highs. BTC/USD...
African Web3 Startup Raises $6.45 Million in Pre-Seed Round, Serena Williams’ Investment Firm Participates
An African startup, Nestcoin, said it raised $6.45 million in a pre-seed funding round in which tennis’ star, Serena...
Russian Association of Power Suppliers Proposes Measures to Prevent Home Mining
The industry organization of Russian energy suppliers has come up with ideas on how to combat cryptocurrency mining in homes, basements...
A DAO Created to Free Julian Assange Has Raised $7.5 Million in Ethereum
A group of cypherpunks recently initiated a decentralized autonomous organization (DAO) in order to try and free the incarcerated...
Konami to Keep Selling NFTs to ‘Preserve Content’
Konami, one of the leading Japan-based game developers, elaborated on its future policy regarding NFTs. In its latest financial results...
DAOs are meant to be completely autonomous and decentralized, but are they?
While the organizational structure of a decentralized autonomous organization (DAO) is fundamentally meant to be “decentralized,” some of...
Belarus Moves to Allow Investment Funds to Acquire Crypto Assets
The crypto-friendly nation of Belarus is preparing to permit investment funds to put money into digital currencies. A proposal to do so is...
Metaverse Real Estate Sales Expected to Reach $1 Billion This Year
Real estate sales in the metaverse are expected to reach a billion dollars this year, according to a metaverse analytics firm. The company...
Finance Redefined: Wonderland reveal and Wormhole hacked, Jan. 28–Feb. 4
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. It’s been a tumultuous week of doxxing, hacks, bailouts...