The incubator program focuses on EU-based startups building the next generation of Web3 consumer experiences with an emphasis on accessibility and scalability.
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The incubator program focuses on EU-based startups building the next generation of Web3 consumer experiences with an emphasis on accessibility and scalability.
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There is no bear market for the builders of the Bitcoin network as more and more Bitcoin miners are joining the network, driving up the difficulty.
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A new report shows that 65% of the 1,450 Web3 organizations are based on native blockchain technology, while 35% of the organizations are based on non-native technology.
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The Turkish crypto and blockchain ecosystem is working hard to build during the bear market, according to local experts.
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Multiple trading pairs of the Helium Foundationâs token will soon be removed from Binance, with the exchange saying it delists assets if it no longer meets âhigh standards.â
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The prices of many popular GPUs, such as Nvidiaâs RTX3080, have dropped by nearly 60% over the last 90 days across some parts of the globe.
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Traders shift their focus to XRP, UNI, QNT and EGLD while Bitcoin continues to consolidate around the $20,000 level.
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One of the fastest growing DeFi projects, Yearn.finance has spawned a range of core products that provide passive earnings on crypto assets.
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Bitcoin miners continue to take advantage of the falling GPU prices to upgrade their mining equipment as they aim to remain competitive in the fierce competition.
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Coming every Saturday, Hodlerâs 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 â a week on Cointelegraph in one link.
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 firmâs financial health as well as fake account and spam bot prevalence on the platform. Musk now intends to complete the original $44 billion deal, according to a legal filing.
In light of recent escalations in the Ukraine-Russia war, the European Union has banned crypto activity between member regions and Russia, no matter how small the transaction. The ban covers âall crypto-asset wallets, accounts, or custody services, irrespective of the amount of the wallet,â according to an Oct. 6 statement from the European Commission. Russia, on the other hand, has taken the opposite stance, evident in its approval of cross-border crypto activity in recent weeks.
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The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a key cog in the global payments system, unveiled a successful test related to central bank digital currencies (CBDCs). In short, the test proved interoperability between CBDCs globally. âFor CBDCs, our solution will enable central banks to connect their own networks simply and directly to all the other payments systems in the world through a single gateway,â SWIFT chief innovation officer Tom Zschach said in an Oct. 5 statement. SWIFTâs other test pertained to tokenized assets.
The Middle East and North Africa, known as the MENA region, took the cake for fastest crypto growth this past year. Between July 2021 and June 2022, the volume of crypto transactions in the region hit $566 billion, a 48% increase from the year prior, according to a Chainalysis report. Crypto usage in the MENA region ranged from capital preservation and remittance payments to institutional activity. Latin America took second in terms of growth at 40%, and North America came in third with 36%.
Crypto exchange FTX unveiled that it has teamed up with Visa to produce a reportedly feeless debit card. Launching such a card has been a long-standing goal of FTX CEO Sam Bankman-Fried. The FTX Visa card will reportedly be available in 40 countries. The cardâs website states the card is also free to own.
At the end of the week, Bitcoin (BTC) is at $19,604, Ether (ETH) at $1,336 and XRP at $0.49. The total market cap is at $947.07 billion, according to CoinMarketCap.
Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Casper (CSPR) at 20%, Elrond (EGLD) at 12.98% and Convex Finance (CVX) at 12.44%. Â
The top three altcoin losers of the week are UNUS SED LEO (LEO) at -11.93%, Chiliz (CHZ) at -9.04% and Lido DAO (LDO) at -8.06%.
For more info on crypto prices, make sure to read Cointelegraphâs market analysis.
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âA year ago, nobodyâs asking me questions about bankruptcy. A year ago, everybody was asking me questions about DeFi and things like that.
Diogo MĂłnica, president and co-founder of Anchorage Digital
âNFTs can give you the technical ability to take ownership of a game asset out of the control of the publisher of the game.
Alex Dunmow, CEO of Ninja Syndicate
âThis recession is in its earliest stages, and the smarter play is to let the Fedâs monetary policy shifts play out and save capital.
Richard Gardner, CEO of Modulus
âAs it stands, owning digital art is still relatively foreign to most people and, at most, itâs a cool concept.
Ted Mui, CEO of Kuma Games
âAll financial goods will move across blockchain networks in the future.
Matthew Hougan, chief investment officer at Bitwise Asset Management
âThatâs our mandate: not to make a world with Bitcoin or Ethereum, or not make that world â itâs just to understand whatâs going on, set up a system where we [âŚ] make sure people have good resources to understand whatâs happening.â
Curtis Loftis, treasurer for the U.S. state of South Carolina
Bitcoin posted another week of largely range-bound price action, trading between $19,000 and $20,500 for the most part, according to Cointelegraphâs BTC price index.
Cointelegraph analyst Marcel Pechman detailed the potential importance of Q3 earnings announcements expected in October from big companies such as Tesla and Apple. If negative, the announcements could lead to a falling BTC price if the asset remains correlated to mainstream markets. In contrast, Bitcoinâs scarcity could appeal to investors if inflation woes continue.
Kim Kardashian faces legal action from the United States Securities and Exchange Commission (SEC) for not disclosing one of her Instagram posts as being sponsored, according to the regulator. The celebrity accepted $250,000 in exchange for publishing a promotional post about crypto project EthereumMax (EMAX) on her Instagram account. The act will cost Kardashian a total of $1.26 million in fines, which she has agreed to pay despite not confirming or denying the charges.
BNB Chain was paused briefly this week to combat a cross-chain attack related to the BSC Token Hub bridge. The exploit âresulted in extra BNB,â according to an Oct. 6 tweet from Binance CEO Changpeng Zhao. Although the chain was able to freeze $7 million, estimates say roughly $70 to $80 million was stolen, down from earlier estimates of $100 million. BNB Chain successfully resumed activity on Oct. 7.
The broad hunt for members of the Terra team has resulted in its first arrest: head of Terraform Labsâ business team Yoo Mo was taken into custody by South Korean police. A Seoul Southern District Court judge dismissed the arrest warrant shortly after, questioning the regulatory claims of the accusations, although Mo is not allowed to leave South Korea. The Terra crypto project collapsed in outlandish fashion earlier in 2022. Project leader Do Kwon remains at large.
âItâs 10% up or 10% down each day. I donât have to wait five years in between crises. As a matter of fact, I only have to wait about 45 minutes.â
From profile pictures to celebrity endorsements, the NFT space has changed a lot since the market boom in 2021.
The Securities and Exchange Commission is moving to take action against Ethereum that reaches far beyond the United Statesâ borders.
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