Crypto news
Primex Finance Launches Its Beta Version, Letting Users Experience Its Cross-DEX Trading Features
Kyiv, Ukraine, 13th October, 2022, Chainwire Primex Finance, the first-ever cross-chain prime brokerage protocol, launches the Primex Beta on the Ethereum Goerli testnet. The Beta version allows users to experiment with the protocol’s cross-DEX spot margin trading. With the Beta launch, Primex also introduces the new Referral Program for early users, offering benefits to early registrants and referral-based rewards. DeFi holds the potential to financially empower investors and traders in ways that were previously unimaginable in the traditional financial world. Despite that, most of the existing DEXs with margin trading features still use centralized trade execution mechanisms and feature a limited number of assets available for margin trading as derivatives. Primex decentralizes the trade...
Attack of the zkEVMs! Crypto’s 10x moment
Crypto is currently languishing like the internet did in 1996 with slow speeds and few practical use cases, says Steve Newcomb, chief product officer of Matter Labs. But a major increase in bandwidth and security soon after saw the internet become a crucial part of daily life across the globe — and we’re right on the cusp of that happening for crypto in the next few months. “Nobody trusted their credit card on it and everybody thought it was a fad and there weren’t any use cases for it,” Newcomb explains. “And then we had 10x moments in bandwidth and then SSL came, and HTPS where you got that lock — that was a 10x moment in trust. Suddenly in 2005 ecommerce just went through the roof.” Crypto’s ‘10x’ moment could finally be here, with zkSync’s Ethereum Virtual Machine compatible main...
NuriFlex successfully completed 1st round of NuriTopia $NBLU token private sales
VANCOUVER, British Columbia, 12th October, 2022, Chainwire NuriFlex Holdings Inc. announced that it has successfully completed 1st round of $NBLU token private sales. $NBLU token is intended to be a native token in NuriTopia, which is a metaverse platform for global users’ social interactions. As NuriFlex successfully launched NuriTopia community channels (Telegram : NuriTopia and NuriTopia Korea) and completed 1st round of private sales of $NBLU, the native token for NuriTopia, the company is now planning to focus on expanding NuriTopia’s business ecosystem and listing $NBLU token on a global exchange. There are approximately 90,000 members interacting and sharing various information in the NuriTopia community channels (Telegram : NuriTopia and NuriTopia Korea, Twitter), and the pre...
FTX partners with Visa, BNB Chain suffers exploit and Elon Musk returns to $44B Twitter deal: Hodler’s Digest, Oct. 2-8
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Musk’s deal for Twitter looks set to go with original $44B price tag Elon Musk is back on track to buy Twitter. The billionaire originally decided to buy the social media network back in April 2022, settling on a price tag of roughly $44 billion. He subsequently attempted to cancel the agreement, claiming inadequate transparency from Twitter regarding the firm’s financial health as well as fake account and spam bot prevalence on the platform. Musk now intends to complete the original $44 billion deal, accordin...
Get your money back: The weird world of crypto litigation
Want to sue a crypto project that ripped you off? That will be $1 million, thank you. Luckily, there are options for those who face the daunting prospect of spending a small yacht’s worth of money in lawyer fees for their chance at crypto justice. In practice, the majority of victims of international blockchain scams find themselves with little hope of recovering their money. According to crypto law expert Jason Corbett, a normal court case to recover $10 million–$20 million dollars in the blockchain sector can easily cost between $600,000 and $1 million, with an average timeline of 2.5 years. But there are a range of cheaper and better options to get a successful outcome — if you learn how to work with the system. Legal investment funds can finance your case for a share of the judgement —...
EU regulators ban cross-border payments from Russian crypto accounts
In a statement released on Oct. 6, the European Union introduced another set of sanctions against Russia due to the prolonged and recently escalated conflict in Ukraine. The new sanctions include a complete ban on cross-border crypto payments between Russians and the EU. This statement includes the prohibition of, “all crypto-asset wallets, accounts, or custody services, irrespective of the amount of the wallet.” New sanctions were installed as a response to Russia’s annexation of Ukrainian territory as the result of what the EU calls a “sham” referendum, along with troop mobilization and threats of nuclear escalation. The previous sanctions capped crypto payments from Russian to EU wallets at 10,000 euros (approximately $9,900). However, this new total ban on cross-border crypto...
‘Violent’ Bitcoin breakout due as BTC open interest nears all-time high
Bitcoin (BTC) stayed rangebound at the Oct. 6 Wall Street open with traders already planning for a “violent” breakout. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin whale activity highlights the importance of $19,000 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it moved up and down by only a matter of a few hundred dollars on the day. The amount of $20,000 formed a focus for the pair, which meandered in step with consolidating U.S. equities and dollar strength. With no spot catalyst in sight on short timeframes, on-chain analytics resource Whalemap turned to largescale buy and sell points to sketch out likely support and resistance. To the downside, $19,174 marked the site of whale buy-ins, suggesting its continued strength as a line in the ...
Autumn bulls vs. winter bears — Will October be bullish or bearish for Bitcoin? Watch Market Talks
In this week’s episode of Market Talks, we welcome Rekt Capital, a cryptocurrency analyst who shares macro research, commentary and technical analysis related to crypto markets. He publishes a popular newsletter and provides courses that help educate traders on how to make informed decisions when buying and selling cryptocurrencies. He has more than 328,000 followers across his various social media platforms, many of whom are prominent individuals, including big names like Binance CEO Changpeng Zhao. First things first, we have officially entered Q4 2022 and, more importantly, October, which has historically been a bullish month for cryptocurrencies. We ask Rekt Capital if he thinks this trend is likely to continue or if we are headed toward more downside for Bitcoin (BTC). ...
Nifty News: Yuga Labs launches BAYC council, Animoca backs Cool Cats and more
Yuga Labs has announced a new Bored Ape Yacht Club (BAYC) community council to help the project “grow and thrive.” The team revealed seven council members in an Oct. 5 blog post, noting that they are all OGs who have been around since the early days of the BAYC. Yuga Labs said it assembled a new community council made up of “Apes with a proven track record of proactively and positively contributing to the club since the start.” The members include beijingdou, SeraStargirl, TheMiamiApe, OxEthanDG, OxWave, negithenagi, peterjfang. “This council was formed with the intention of representing the club at large and providing an avenue for new perspectives,” Yuga Labs wrote. Yuga Labs stated that they will engage with the community and gather feedback for the firm, working with Yuga on community-...
It’s happened: Someone’s filed for Cramer ETFs with the SEC
Connecticut-based advisory firm Tuttle Capital Management has submitted a preliminary prospectus filing with the United States Securities and Exchange Commission (SEC) for two new exchange-traded funds (ETFs) centered around betting against the investment tips from Jim Cramer. Cramer is the host of CNBC’s Mad Money and has become a popular meme in the crypto and stock community, who believe he has an uncanny knack for giving investment tips that end up being way off the mark. In relation to crypto, one of Cramer’s most notable tips was to buy Coinbase stock when it was “cheap” at $248 in August last year. Since then, COIN has continued to collapse and sits at $72.97 at the time of writing. Finally happened: Cramer ETFs Inverse Cramer ETF $SJIMLong Cramer ETF $LJIMEff Dec 19 20-25 equal-wei...
How Crypto Twitter could change under Musk’s leadership
Barring another change of heart and certain conditions to be met, Elon Musk’s acquisition of Twitter looks set to go ahead, prompting the question of whether some or all of the changes he initially hinted for the platform will become a reality. The platform is a popular communication and news tool for crypto enthusiasts, users and investors, not to mention crypto scammers, with the social media platform seeing roughly 120,000 tweets per day about #Bitcoin alone, according to BitInfoCharts. Looking back at Musk’s initial commentary when he proposed a buyout of Twitter could shed some light on what changes he envisions for the platform. This includes a focus on free speech, eliminating spam bots, fake accounts, an edit function and possibly even crypto payments have all been considered...
BTC to outperform ‘most major assets’ in H2 2022 — Bloomberg analyst
Senior commodity strategist at Bloomberg Intelligence, Mike McGlone, stated October has historically been the best month for Bitcoin (BTC) since 2014, averaging gains of about 20% for the month, and that commodities appearing to peak could imply that Bitcoin has reached its bottom. In an Oct. 5 Bloomberg Crypto Outlook report, McGlone says while the rise of interest rates globally is putting downwards pressure on most assets, Bitcoin is gaining the upper hand when compared with commodities and tech stocks like Tesla, with the report noting: “When the ebbing economic tide turns, we see the propensity resuming for Bitcoin, Ethereum, and the Bloomberg Galaxy Crypto Index to outperform most major assets.” McGlone notes that Bitcoin has its lowest ever volatility against the Bloomberg Comm...
