crypto blog
Phishing risks escalate as Celsius confirms client emails leaked
Celsius depositors should be on the lookout for phishing scams after the company revealed some of its customer data has been leaked in a third-party data breach. On July 26, Celsius sent an email to its customers informing them that a list of their emails had been leaked by an employee of one of its business data management and messaging vendors. According to Celsius, the breach came from an engineer at the Customer.io messaging platform who leaked the data to a third-party bad actor. “We were recently informed by our vendor Customer.io that one of their employees accessed a list of Celsius client email addresses,” said Celsius in its email to customers. The data breach is part of the same incursion that leaked OpenSea customer email addresses in June. Announcement from Celsius: “We ...
Fed demands Voyager remove ‘false’ claims deposits are FDIC insured
Cypto lender Voyager Digital has been directed to remove “false and misleading” statements that its user’s deposit accounts are FDIC insured. In a joint letter written on July 28 by Seth Rosebrockfrom & Jason Gonzalez, Assistant General Counsel at the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) to Voyager Digital, the authors said the representations “likely misled and were relied upon” by customers who placed funds with Voyager who now no longer have access to it. “These representations are false and misleading and, based on the information we have to date, it appears that the representations likely misled and were relied upon by customers who placed their funds with Voyager and do not have immediate access to their funds.” The Fed and FDIC allege that V...
Professional soccer club Crawley Town FC signs midfielder after NFT hodlers vote
Professional English soccer team Crawley Town F.C. have followed through on a community vote by fans and NFT holders who were recently given a voice on what type of player the team should recruit next. The vote, which took place on June 15, which was the first team decision opened up to fans, took place for verified NFTs hodlers via a temporary Discord channel. Votes were also taken from nearly 1,000 season ticket holders. Speaking with the Daily Mail on July 28, Crawley Town co-owner and former ESPN gambling analyst Preston Johnson emphasized the significance of being able to offer fans a stake in the club via NFTs: “A lot of NFT projects are just speculation with no real tangible spine, no real true story. Having a football club to root for every week? That’s a spine that peo...
$1.26B in Ethereum options expire on Friday and bulls are ready to push ETH price higher
Ether’s (ETH) 53% rally between July 13 and 18 gave bulls an edge in July’s $1.26 billion monthly options expiry. The move happened as Ethereum developers set a tentative date for the “Merge,” a transition out of the burdensome proof-of-work (PoW) mining mechanism. Ether USD price index, 12-hour chart. Source: TradingView According to some analysts, by removing the additional ETH issuing used to finance the energy cost required on traditional mining consensus, Ether could finally achieve the “ultra-sound money” status. On Beacon Chain, the issuance will be around 1,600 ETH per day decreasing the inflation significantly from 13,000 ETH per day on PoW. Merge sets effects on monetary policies of Ethereum to become Ultrasound money. (10/15) pic.twitter.com/9...
Democratic senators chide Fidelity Investments for BTC-exposed retirement funds
Three United States senators have written to Fidelity Investments CEO Abigail Johnson demanding an explanation for the financial services company’s decision to include Bitcoin-exposed funds in its 401(k) retirement plans. “This decision is immensely troubling,” they wrote. Democrats Dick Durbin, Elizabeth Warren and Tina Smith sent their letter Tuesday. The letter, which is around a page and a half long, discussed Americans’ retirement savings habits in general terms with minimal statistics but numerous rhetorical flourishes and strings of adjectives. The money American consumers may invest in retirement funds is “hard earned,” for example, and their exposure to the “cryptocurrency casino” is “a bridge too far.” The authors of the letter asked: “When saving for retirement is already a...
Final candidates for next UK prime minister have made pro-crypto statements
Rishi Sunak, the former chancellor of the Exchequer, and Liz Truss, Secretary of State for Foreign, Commonwealth and Development Affairs, two of the final candidates to become the next prime minister for the United Kingdom, have both previously expressed pro-crypto views. With Prime Minister Boris Johnson soon to be out of office, Sunak and Truss are competing to be the next leader of the Conservative Party and the country, with their views on digital assets likely to influence financial policy. Under Johnson, Sunak requested that the country’s Royal Mint create a nonfungible token as part of an effort to make the United Kingdom a global crypto hub. A member of Parliament who served as chancellor from 2020 until resigning in July, Sunak previously said the U.K. government would prioritize ...
3 Bitcoin trading behaviors hint that BTC’s rebound to $24K is a ‘fakeout’
Bitcoin (BTC) price rallied toward $24,200 on July 28 after a near 10.5% surge that began a day earlier. The gains appeared after Federal Reserve Chairman Jerome Powell signaled intentions to slow down their prevailing tightening spree. They prompted some Bitcoin analysts to predict short-term upside continuation, with CryptoHamster seeing BTC at $26,000 next. It seems that the downside breakout was a false one, and the bullish flag has been validated. Let’s see how fast $BTC can reach those targets. #bitcoin $BTCUSD $ETH $ETHUSD #ビットコイン #биткойн #比特币 https://t.co/v6x4Ka23L7 pic.twitter.com/nKoEV8440X — CryptoHamster (@CryptoHamsterIO) July 28, 2022 But BTC’s potential to recover entirely from its ongoing bearish slumber appears low for at least three key reasons. Bitcoin bulls...
The University of Tokyo to offer courses in the Metaverse
The University of Tokyo, also known as Todai is set to offer a range of study programs later this year that will take place in the Metaverse. According to a Saturday report from the local news outlet The Asahi Shimbun, the courses will be offered to students ranging from high school to adult learners in the workforce. The publication stated that the Metaverse study programs will not be delivered via its own dedicated faculty that offers degrees but will instead operate under Todai’s faculty of engineering and engineering-related graduate schools. Students who complete the courses will receive certificates. Todai’s project has been launched to address the lack of skilled personnel working on “digital transformation” and “advanced technologies.” University officials also emphasized that...
StarCard Sports Games Launches “Legends” Initiative for New World Football Alliance; Partners with Ashley Cole and Roberto Carlos
Boston, MA, 26th July, 2022, Chainwire [embedded content] StarCard Sports Games (SCSG), the creator of New World Football Alliance, a play-to-earn football (soccer) video game marrying blockchain with social impact and environmental initiatives, announced today the launch of their Legends platform. This is a series of real-world and in-game partnerships between SCSG and some of the most iconic names in football history, including Ashley Cole and Roberto Carlos. These partnerships will be reflected in StarCard Sports Games’ new title, “New World Football Alliance,” as well as through the creation of NFTs and the curation of real-world events around the globe. SCSG is the first-of-its-kind social impact play-to-earn (P2E) gaming platform, bridging the digital divide between real-life athlete...
Experts clash on where virtual reality sits in the Metaverse
Virtual reality (VR) will eventually have a place within the Metaverse, but not for the foreseeable future given its slow adoption rates, according to experts. There isn’t much that can rival the experience of having one’s senses almost immersed in a virtual world — which is why many believe that the technology will have a natural fit for the Metaverse. It’s a technology that Mark Zuckerberg’s Meta is betting big on by introducing Meta accounts that it says will allow users to access its Meta Horizons platform more easily through Oculus VR headsets. Founder and CEO of metaverse platform CEEK Mary Spio is also one waving the VR metaverse flag. In an interview with Cointelgraph, Spio argues that the true power of a Metaverse cannot be realized unless users are totally immersed through ...
Will the Fed prevent BTC price from reaching $28K? — 5 things to know in Bitcoin this week
Bitcoin (BTC) enters a new week with a question mark over the fate of the market ahead of another key United States monetary policy decision. After sealing a successful weekly close — its highest since mid-June — BTC/USD is much more cautious as the Federal Reserve prepares to hike benchmark interest rates to fight inflation. While many hoped that the pair could exit its recent trading range and continue higher, the weight of the Fed is clearly visible as the week gets underway, adding pressure to an already fragile risk asset scene. That fragility is also showing in Bitcoin’s network fundamentals as miner strain becomes real and the true cost of mining through the bear market shows. At the same time, there are encouraging signs from some on-chain metrics, with long-term investors still re...
The best bear market plan? ‘Relentless optimism for the future,’ says fintech CEO
While many crypto veterans give out a wide range of bear market advice and strategies, some opt for a more straightforward approach—optimism. Being resilient and positive during this time is very important, according to Jeremy Almond, the CEO of Paystand, a business-to-business (B2B) payments fintech. Almond told Cointelegraph that the best way to plan during the crypto winter for companies is having what he calls a “brutal understanding of the facts” and “relentless optimism for the future.” He explained that: “As a company, you always want to be resilient in case of hard times but also optimistic about the world we are creating.” The CEO expressed that companies get to be the ones to implement the vision. Because of that, Almond said that they need to be prepared, saying that the best co...
