Crypto News Updates

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A proposal to have the Aave DAO introduce a decentralised, multi-collateral-backed stablecoin dubbed GHO, has passed following a community vote, Aave Companies has   announced . According to the platform, the USD-pegged stablecoin received a greenlight from the DAO community with an overwhelming support of 99.99%. The community has given the greenlight 🟢 for GHO 👻 The next step is voting on the genesis parameters of GHO, look out for a proposal next week on the governance forum https://t.co/ba4oK50Wb8 — Aave (@AaveAave) July 31, 2022 Aave’s GHO stablecoin The GHO proposal came out on 7 July this year, with the governance vote required to allow for the launch of the decentralised stablecoin on the Aave Protocol. In the request, the Aave Companies said the algorithmic stablecoin would allow community participants to mint the token against their collaterals. Accordingly, GHO had been envisioned to be backed by assets the users choose and would see borrowers continue to e...

England's Lionesses beat Germany 2-1 at Euro 2022, bagging their first major trophy. from BBC News - Home https://ift.tt/RtkazB0

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England forward Beth Mead wins the Golden Boot at Euro 2022 after edging Germany's Alexandra Popp despite both players finishing on six goals. from BBC News - Home https://ift.tt/W9AtV4T

Chloe Kelly's goal in extra time gives England a 2-1 victory over Germany in the final of European Women's Championship. from BBC News - Home https://ift.tt/ruev8jk

Chloe Kelly pokes in at the second time of asking to provide England with a late advantage over Germany in the Euro 2022 final at Wembley. from BBC News - Home https://ift.tt/nRpeFih

The Sunday Times reports that the Prince of Wales accepted money from the family of Osama bin Laden. from BBC News - Home https://ift.tt/rjxTh8g

England's Lionesses stand on the brink of women's football history as they take on Germany in the European Championship final at Wembley on Sunday. from BBC News - Home https://ift.tt/1tMG9OW

Scotland's Duncan Scott passes England's Tom Dean to take a sensational 200m freestyle Commonwealth gold. from BBC News - Home https://ift.tt/lom3LVI

The US president is not experiencing symptoms, but will isolate again after a fresh positive test. from BBC News - Home https://ift.tt/DeNymdq

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The brutal assault on Nigerian trader Alika Ogorchukwu in broad daylight was captured on video. from BBC News - Home https://ift.tt/tBCVMib

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Bitcoin touched a high of $24,666 on Coinbase to leave the benchmark cryptocurrency on the cusp of its best monthly performance since October 2021. Bitcoin (BTC) rose to highs of $24,666 on US crypto exchange Coinbase on Saturday, hitting its highest price level since mid-June. BTC/USD is looking to establish fresh support after   retesting the 200-week moving average zone, which could be key to bulls plans to edge higher. Chart showing BTC/USD monthly performance. Source:   TradingView Bitcoin on track for best month since October The flagship cryptocurrency, which remains above the $24,500 level despite a brief lull late Saturday, is also on track to record its best monthly performance in nine months. With gains of over 23% in July, BTC/USD is positioned to see its monthly returns the best since seeing nearly 40% in October 2021. Bitcoin is also registering a positive monthly return for the first time since March when the 30-day performance stood at around 5.4%. Ove...

The Football Association (FA) says its NFTs will be based on the Three Lions and Lionesses teams . England’s national football governing body, the FA (Football Association) has announced plans to launch a non-fungible token (NFT) platform. The England soccer governance body is currently seeking a potential partner to help realise the NFT goal, according to details  posted on its website. The RFP and the tender process is part of a long term NFT strategy set to focus on fan engagement, the FA added in the release. “ We have today launched a Request for Proposal [RFP] tender process to appoint a partner to build a long-term Non-Fungible Token [NFT] based platform, focused on the England Senior Men’s and Women’s team s,” the FA wrote in the press release. Fan engagement and new revenue stream According to the FA, tapping into the blockchain-based technology will offer fans new ways to engage with the national teams. NFTs will also allow the organisation to leverage new revenue ...

England win a landmark third successive Commonwealth team gymnastics gold as home favourite Joe Fraser battles through injury to help them to victory. from BBC News - Home https://ift.tt/MjUHqfQ

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CoinFLEX co-founders  Sudhu Arumugam and Mark Lamb say the goal is to be lean staff-wise and to remain ‘right-sized’ should potential acquisition proposals come in. Crypto exchange CoinFLEX has announced that it has cut its headcount by a significant number amid ongoing efforts to bring the embattled company back to its feet. The exchange, which is in a tussle with one of its customers over an unpaid loan said to be about $84 million, says the move to lay off so many of its staff members is informed by the need to be lean “staff-wise” as they navigate the murky waters they found themselves in June. “ The staff cuts and non-staff costs that we have made will reduce our cost base by approximately 50-60%. The majority of the team that remain are focused on product and technology, which remains the core of our business ,” the exchange’s co-founders Sudhu Arumugam and Mark Lamb wrote in a blog post . Remain ‘right-sized’ for any potential acquisition According to the co-founders, ...

Watch 14-year-old Indian squash player Anahat Singh beat Jada Ross of St Vincent and the Grenadines in her first ever match at the Commonwealth Games. from BBC News - Home https://ift.tt/6MZf3k1

Binance CEO, Changpeng Zhao says Bitcoin has strong support near or at the $20,000 price level, and believes the crypto market is generally likely to see further adoption catalysed by the macroeconomic environment. Speaking in an   interview with ‘ Squawk on the Street ’ on Thursday, the Binance chief noted that while no one can accurately predict the market – whether the next big move can be higher or lower – the $20k level offers a good buffer zone due to its psychological importance and the market cycle around it. What next for Bitcoin? Basically, noone can tell – it could go higher, or a retreat after relief bounce – but… “ Nobody really forecasted NFTs [and] DeFi, which probably drove the last bull run ,” Zhao told CNBC, adding that even the 2017 bull market rode on the ICO (initial coin offering) boom. And more likely, the 2017 all-time high is proving the new bottom from where bulls could retreat to before springing higher. Also, even though the crypto market has grow...

The US economy contracted at an annual rate of 0.9% in the three months to July. from BBC News - Home https://ift.tt/petKb8g

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Russia carries out deadly strikes in Ukraine, as Kyiv seeks to cut off Russian troops in the south. from BBC News - Home https://ift.tt/IAnZgMN

Chainlink (LINK) price rose sharply on Thursday to break above $7.20 as the crypto market rode positive momentum across risk assets. At the time of writng, LINK/USD was trading near $7.17 with weekly gains now up to 5% and 30-day upside now at 10%. Chainlink price prediction LINK/USD, according to crypto analyst Ali Martinez, can continue higher over the short term if bulls hold prices above recent support levels around $6.90. The analyst has looked at the Into The Block’s In/Out of the Money Around Price (IOMAP) model to suggest its possible for LINK to go to $10.00. The on-chain metric shows massive support at the zone just below $7.00. He tweeted : “ Transaction history shows that #Chainlink formed a significant demand wall at $6.70, where over 7,000 addresses bought nearly 301 million $LINK. If this support level holds, #LINK has a good chance of surging to $10 as @intotheblock ‘s IOMAP shows little to no resistance ahead .” Gains across crypto The gains for LINK/USD come ...

Liam Garrett, 18, funded his flying career by working 900 hours in a local supermarket. from BBC News - Home https://ift.tt/kcK9dna

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Moscow is reportedly interested in trading Griner for convicted Russian arms trafficker Viktor Bout. from BBC News - Home https://ift.tt/M1pK4Ga

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Bitcoin (BTC) rose sharply on Wednesday to break above $22,000 as risk appetite resurfaced following the US Federal Reserve’s move to raise interest rates by 75 basis points. BTC was trading around $22,575 at 15:20 pm ET on Wednesday, up nearly 10% in the past 24 hours.  Of these gains, about 5% came on the back of Fed’s rate hike. Ethereum (ETH) also rose sharply amid the positive market reaction, breaking to highs of $1,580 with over 15% gains in 24 hours. Stocks also rallied after the rate hike and as Fed Chair Jerome Powell confirmed the central bank’s desire to battle inflation. The S&P 500 was up 2.43%, the Dow Jones Industrial Average had added more than 450 points while the Nasdaq was 3.9% higher. Among crypto stocks, Coinbase (COIN), which tanked more than 21% on Tuesday to hit lows of $52.93, was up more than 11% at the time of writing. The Coinbase stock was trading around $54.84. Fed hints at further rate hikes This is the second time the Fed has increased th...

Drivers at nine rail companies will walk out again next month, the union Aslef says. from BBC News - Home https://ift.tt/DS7XN0R

The government's summer campaign aims to urge women worried about their bodies to go to the beach. from BBC News - Home https://ift.tt/yDaXH8s

The Federal Reserve is increasing interest rates for a fourth time as it tries to control inflation. from BBC News - Home https://ift.tt/cGzdMfH

FUD misleads investors and harms the crypto industry’s image, Johnny Lyu said on Tuesday. KuCoin CEO Johnny Lyu has today unveiled plans for a fund that he says will focus on tackling the issue of disinformation and misinformation, popularly bundled under the term FUD (fear, uncertainty and doubt), within the crypto space. Lyu revealed the plans in a Twitter  thread on Tuesday. He highlighted that “ FUD benefits no one except the FUDers ” and that apart from misleading investors, it “ harms the industry’s image and market confidence .” The KuCoin chief believes that the Anti-FUD Fund initiative his platform is looking to launch will help the industry combat FUD, benefiting the investors and the entire crypto space. An anti-FUD fund, three initial targets The crypto industry has in the past few months witnessed the collapse of some of the biggest companies in the sector, the likes of Three Arrows Capital, Celsius Network and Voyager Digital. And over the past few weeks, FUD ...

Watch Mary Earps' "'sensational" save as the England keeper stops Sofia Jakobsson scoring for Sweden in the first minute of their Euro 2022 semi-final. from BBC News - Home https://ift.tt/lthvHpE

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While venture capital investment has reduced in the last year, the Asia Pacific region continues to make major strides in the tech world with an increasing number of new start-ups emerging with a blockchain foundation. A recent report published jointly by Big Four accountant KPMG and international banking company HSBC found that a quarter of the 6427 Asian Pacific start-ups surveyed were blockchain-related. The Asian Pacific “emerging giants,” as the report referred to the start-ups, show the most significant presence in the Nonfungible tokens, or NFTs sector. Organizations engaging in Decentralised Finance (DeFi) are a close second. The other categories in the top five sectors of blockchain-based Asia Pacific start-ups are Electric vehicle charging infrastructure, quantum computing and robotic processing automation. The list also ranked blockchain real estate and decentralized autonomous organizations (DAOs) in the 14th and 15th positions, respectively. While blockchain-related ...

The Peljesac bridge links southern Croatia to the rest of the country and is being hailed as historic. from BBC News - Home https://ift.tt/K3CDnbX

Cecilie Uttrup Ludwig wins the third stage of the inaugural Tour de France Femmes while Marianne Vos finishes second and retains the yellow jersey. from BBC News - Home https://ift.tt/txDPGn8

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Sam Kazemian, the founder of the world’s first fractional-algorithmic stablecoin, Frax Finance, said that the growth of the stablecoin ecosystem and liquidity requires a further collaborative approach. In an interview with Cointelegraph, Kazemian pointed out that there will never be true competition between stablecoins. He explained that stablecoins could grow liquidity proportionally with each other via shared pools and collateral schemes. The expert stated that the stablecoin ecosystem is not a “zero-sum game, ” adding that tokens are gradually getting more reliant on the performance of one another and the ecosystem. The FRAX stablecoin is backed in part by collateral and other parts algorithmically. FRAX, like Maker Protocol’s DAI uses Circle’s USD Coin as part of its collateral, a reliance that is only expected to increase as the stablecoins grow.   Kazemian believes that the projects are interdependent, and any attempt to back off from the relationship would negatively af...

The two contenders promise tax cuts but have given little detail about how to pay for them. from BBC News - Home https://ift.tt/eP2hgIN

Bitcoin is trading near $21,900 while Ethereum has dipped below $1,520. The crypto market was largely green over the past week, with gains for Bitcoin and Ethereum pushing the top two cryptocurrencies to prices above $24,000 and $1,600 respectively. As of writing, BTC is holding around the $21,900 mark while ETH/USD has dipped slightly to trade near $1,515. Both are in the green over the weekly chart, with most of the altcoin market also showing signs of holding onto recent gains. However, the market remains beleaguered despite forecasts of a bottom looking like it’s in amid recent deleveraging.  And analysts are also watching the equities market ahead of this week’s US Federal Reserve meeting. Given, a dump in the stock market could see risk appetite across crypto fade, with potential downsides for BTC and ETH reflected across the broader altcoin market. Pro says BTC, ETH could fall to support levels Crypto analyst Rekt Capital said on Monday that it is possible the market ...

Fewer than half of English clubs have both their home and away kits on sale ahead of the new season. from BBC News - Home https://ift.tt/27kA0ld

Rishi Sunak and Liz Truss trade blows over China, while a report lays bare the crisis in NHS staffing. from BBC News - Home https://ift.tt/x2W9T4L

Police say the suspected shooter later turned the gun on himself at the popular campsite in Iowa. from BBC News - Home https://ift.tt/5hbU3QY

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Denmark's Jonas Vingegaard secures his first Tour de France victory as Jasper Philipsen of Belgium sprints to victory on the final stage in Paris. from BBC News - Home https://ift.tt/ztPISW5

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Fantom token holds above $0.288 breakout support The cryptocurrency is strong but is stalling as most tokens endure market corrections. Investors should wait to buy FTM after a retracement, potentially towards $0.288 Fantom FTM/USD is one of the cryptocurrencies that has staged recoveries recently. The cryptocurrency breached key resistance at $0.288 following strong gains. The breakout opened a potential for lasting recoveries, which remains intact. Don’t get it wrong; FTM is not yet a buy as most cryptocurrencies start corrections. Fantom token has held to the robust gains, with up to a 5% surge as of the time of writing. We still believe FTM will correct it, and buyers should be looking for another bullish ride. The key question now is; when? Fantom token hits a resistance pointing to a potential correction Source – TradingView On a lower time frame, FTM has hit resistance at $0.34. The cryptocurrency is holding onto the resistance, but the bullish strength remains w...

People who claim to be silenced never seem to go away, the comedian observes at the Latitude Festival. from BBC News - Home https://ift.tt/VdeNz1T

Shiba Inu SHIB is correcting after the latest gains Shiba Inu blockchain partnered with The Third Floor for its metaverse project. The cryptocurrency is entering the consolidation zone The last one week has been good for crypto buyers as most tokens returned by double digits. However, it is now time for corrections as investors take profits. Shiba Inu SHIB/USD is one of the tokens in a correction wave, and short-term investors should be cautious. Very few developments have been occurring on Shiba Inu lately. On July 20, the network announced a partnership with The Third Floor. The partnership with the American visualization company will power the blockchain to its metaverse project. Shiba Inu’s metaverse is already a closely monitored event. However, Shiba Inu investors could be waiting for more than just a partnership. The launch of the metaverse will be a game changer, but for now, SHIB investors are merely speculating.  SHIB/USD has lost by 4.58% in the last 24 hou...

The deal hangs in the balance after missiles hit the port of Odesa in a widely condemned attack. from BBC News - Home https://ift.tt/0Ed4wka

Spotify podcast link here There are hundreds of cryptocurrency exchanges and trading platforms, with more popping up every single day. With the industry still only a few years old, however, most of these are private companies. Coinbase led the way in changing this, however, going public last year to much furore. North of the border, Canadian platform Coinsmart followed suit not long after, officially going public in November 2021. The concept of public companies within crypto is fascinating. For an industry often tagged – rather unfairly at times – with a lawless reputation, there are few things that could assure investors more than an exchange going public. Automatically, one assumes that given the regulation and transparency implicit in such a listing that a public company in the space is reputable. Yet there are so few companies doing it. I sat down with Jeremy Koven, COO of Coinsmart, to get his thoughts on why they decided to go public, and whether the trend of a pri...

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A French MP has blamed Brexit as travellers using the Port of Dover face six-hour queues. from BBC News - Home https://ift.tt/uTDdb7M

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Tesla, MicroStrategy and Block owned about 85% of Bitcoin held by public companies, currently numbering 27 according to data by CoinGecko. The three companies faced paper losses of up to $5 billion as Bitcoin price fell to $18,700 in June. Tesla sold 75% if its bitcoins in Q2. MicroStrategy, Tesla and Block (formerly Square) saw their combined Bitcoin (BTC) holdings shrink by $5 billion in value during the second quarter of 2022, Bloomberg reported . The hit comes after a 59% dive for BTC price in the quarter, with the calculations reflecting the three companies’ holdings based on previously disclosed figures. For Michael Saylor’s MicroStrategy and Jack Dorsey’s Block, these are only paper losses since the companies have not declared any sales of Bitcoin within the period. Data from CoinGecko  shows MicroStrategy holds 129,218 bitcoins acquired at a combined value of $4 billion, while Block holds 8,027 bitcoins that were valued at over $366 million in March.  Tesla...

An unofficial advisor to Donald Trump, Mr Bannon refused to cooperate with the January 6 committee. from BBC News - Home https://ift.tt/muXpeKa

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Ishan and his brother are in custody, arrested on Thursday and are facing fraud and conspiracy to commit fraud charges, while Ramini is yet to be arrested. Broadly, the SEC says Ishan violated securities laws, with this the first insider trading  case in the crypto sector. The SEC says nine of the 25 tokens for which Ishan provided confidential information were securities. The US Securities and Exchange Commission (SEC) has highlighted nine tokens it says are securities, the details of which come from a landmark case against a former Coinbase manager. The SEC’s case is against Ishan Wahi, the former product manager at Coinbase and two others – Nikhil Wahi (Ishan’s brother) and Sameer Ramini, a friend. The former Coinbase manager is alleged to have leaked confidential information about token listings announcement, tipping the other two in a scheme that spanned nearly a year and involved $1.1 million in profits. “ Ahead of those announcements, which usually resulted in ...

The UN and Turkey finally reach a deal with Russia to let Ukraine ship grain through the Black Sea. from BBC News - Home https://ift.tt/y4MUPJ8

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JPMorgan says deleveraging in May and June was the most intense since 2018, but that’s getting behind the crypto ecosystem amid increased retail demand. JPMorgan analysts are saying positivity among retail investors is on the upward trajectory, with an improved  market outlook coming on the back of huge turbulence and uncertainty. The banking giant notes in a report cited by CoinDesk on Thursday that the unfolding improvement is down to the reducing intensity of the massive deleveraging that characterised the market crash in May and June, as well as over the last several months following the 2021 bull run. According to JPMorgan analysts, “the extreme phase of backwardation” witnessed in the market over the last two months was the worst since 2018. However, that extreme pain period looks to be fading off amid the sharp crypto price bounces seen this past few days. Bitcoin (BTC) jumped above $24,000 to test its highest level in over a month, with on-chain data from Glassnode s...

Roads around Dover are expected to be extremely busy as most schools in England and Wales break up. from BBC News - Home https://ift.tt/HAlR0EB

Italy is heading for new elections and months of political instability, after its government collapsed. from BBC News - Home https://ift.tt/WEYuJBg

Near Protocol token has added 32% in a week The cryptocurrency is yet to break out from a resistance zone Wait to but on a breakout, although a retracement is possible Near protocol token NEAR/USD is attracting suitors. The token has added a cool 32% in a week, adding enthusiasm for the smart contract protocol. NEAR could blast to higher levels if it successfully manages to clear key levels. Near Protocol claims to eliminate some of the barriers that limit Web3 adoption. The smart contract platform boosts low fees and high speeds. Owing to the smart contract functionality, Near Protocol offers a great alternative to Ethereum. It allows communication and asset exchange between Ethereum and other protocols such as Polkadot. NEAR could be getting boosts from the surge in Ethereum price.  Despite the strong gains recently, NEAR remains near a bottom price of $3.1. The cryptocurrency now trades at $4.3. That should tell you that NEAR remains well supported by the bottom pr...

Mario Draghi called for a new pact to save his unity coalition, but three parties refuse to back him. from BBC News - Home https://ift.tt/3rdEXLG

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Bitcoin (BTC) price rose as much as 8% in 24 hours to top $24,287 on crypto exchange Coinbase, its highest price in over a month. The upside came as a broader market rally saw most cryptocurrencies post significant gains to erase recent losses, with Ethereum (ETH) seeing the most gains at the top of the charts with over 50% in gains in a little over a week. BTC/USD daily chart showing Bitcoin’s jump to $24,287 on Coinbase. Source:  TradingView Analyst says rally likely to fade near current levels BTC has shed some of the gains and currently trades around $23,500. But can it kick on and see a major breakout short term? Katie Stockton, co-founder Fairlead Strategies founder, told CNBC’s ‘Squawk Box’ in an   interview that while the world’s largest cryptocurrency had seen as strong rally over the past few days, this looked more like  sharp bear market rally than one likely to sustain into a major relief rally. “ If you do look at past bear market cycles, we’ve see...

Take a look around Annabelle and Patrick's home after a fire destroyed their garden and outbuilding. from BBC News - Home https://ift.tt/XuLpOVk

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Rival camps are giving out hostile briefings, but many Conservative MPs are enjoying themselves. from BBC News - Home https://ift.tt/KvIxEMf

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The government could be on a collision course with public sector workers over its pay awards. from BBC News - Home https://ift.tt/nt3QxTq

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Four Tory MPs remain in the contest to become the next party leader and prime minister - but who are they? from BBC News - Home https://ift.tt/HrCmEOZ

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Kenneth Rogoff, a Harvard University professor of economics and public policy, says central banks are “way behind the curve” in the push to regulate cryptocurrencies. The former International Monetary Fund (IMF) economist said this during an interview with Bloomberg Surveillance on Monday. Rogoff wondered why the US central bank – the Federal Reserve – was pursuing a central bank digital currency (CBDC). He contends that whatever the government may want to achieve with the digital currency can “accomplish” these same things by tweaking the current monetary system. A crypto skeptic, including of CBDCs, the economist says having a successful retail rollout by the central bank would result in “massive disintermediation” that the government is “probably not ready to handle.” For him, the motivation for some of the “ smaller central banks ” in wanting a CBDC is the hope that they can eat into some of the transactions that are currently being seen on crypto platforms. Crypto ‘doesn’t ...