Crypto pumps after Fed rate hike, Zuck pins hopes on Metaverse making hundreds of billions, and Tesla posts M BTC gain: Hodler’s Digest, July 24-30

Crypto pumps after Fed rate hike, Zuck pins hopes on Metaverse making hundreds of billions, and Tesla posts $64M BTC gain: Hodler’s Digest, July 24-30

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   ‘Bullish rate hike’ —…

Historically accurate Bitcoin metric exits buy zone in ‘unprecedented’ 2022 bear market

Historically accurate Bitcoin metric exits buy zone in ‘unprecedented’ 2022 bear market

Bitcoin (BTC) is enjoying what some are calling a “bear market rally” and has gained 20% in July, but price action is still confusing analysts. As the July monthly close approaches, the Puell Multiple has left its bottom zone, leading to hopes that the worst of the losses may be…

Bitcoin price eyes K July close as sentiment exits ‘fear’ zone

Bitcoin price eyes $24K July close as sentiment exits ‘fear’ zone

Bitcoin (BTC) dropped volatility on the last weekend of July as the monthly close drew near. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView 200-week moving average in focus for July close Data from Cointelegraph Markets Pro and TradingView showed BTC/USD retaining $24,000 as resistance into July 30. The pair had…

Uniswap’s 80% gains in July are in danger with UNI price painting a classic bearish pattern

Uniswap’s 80% gains in July are in danger with UNI price painting a classic bearish pattern

Uniswap (UNI) looks ready to post its best monthly performance in more than a year as it rallied approximately 80% in July, but signs of an extended pullback in the near term are emerging.  Uniswap price nearly doubles in July UNI’s price is having one of its best months ever,…

Positivity blazing through a bear market: Blockchain Economy Istanbul 2022

Positivity blazing through a bear market: Blockchain Economy Istanbul 2022

Held at Hilton Bomonti — a fancy hotel next to a renovated and repurposed beer factory in Istanbul — the fourth iteration of the Blockchain Economy Summit 2022 (BE2022) proved to be a significant step-up compared to its pre-pandemic predecessors. The previous summit, BE2020, was held at the WOW Convention…

Dubai permits full operation to FTX subsidiary FZE via first MVP license

Dubai permits full operation to FTX subsidiary FZE via first MVP license

On Friday, FZE, a subsidiary of crypto exchange FTX, was awarded Dubai’s first Minimal Viable Product (MVP) license, allowing full operation of the exchange in the region.  Dubai’s Virtual Asset Regulatory Authority (VARA) issued the operating license to FZE under the MVP program, which according to Helal Saeed Almarri, the…

Argentinean soccer club welcomes first crypto signing amid economic downturn

Argentinean soccer club welcomes first crypto signing amid economic downturn

Argentina’s economic restrictions have reached the sports industry, with the first signing of a local football player with cryptocurrencies hitting national headlines. The transfer of midfielder Giuliano Galoppo from Banfield’s Athletic Club to Sao Paulo Futebol Clube was made in USD Coin (USDC), exceeding $6 million and up to $8…

Deposits at non-bank entities, including crypto firms, are not insured — FDIC

Deposits at non-bank entities, including crypto firms, are not insured — FDIC

The United States Federal Deposit Insurance Corporation, or FDIC, has issued an advisory informing the public it “does not insure assets issued by non-bank entities, such as crypto companies.” In a Friday notice, the FDIC advised banks in the U.S. that they needed to assess and manage risks in third-party…