Author: admin-crypto

The Short-term and Long-term Impacts of the ETH Merge on the Crypto Industry By Kevin He, COO of CloudTech Group Over this past week, arguably the most significant and most talked about an event happened in crypto, the Ethereum merge. There is no doubt this was a significant and important move by Ethereum, but it will likely take time for the market to stabilise and digest the changeover. Moving from POS to POW isn’t a cut-and-dry job, the positive and negative impacts need to be viewed through the short-term effects and long-term effects. The short-term and immediate impacts of the ‘merge’…

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XRP Surges as Ripple Aims for “Very Big Win” Against SEC in Latest Filing By Newton Gitonga After a two-year-long gruelling legal battle, the dust may soon settle in the case against Ripple by the U.S. Securities and Exchange Commission (SEC). In its latest court filing, Ripple Labs and two top executives have asked the court to issue a summary judgment in their favour claiming that the SEC failed to prove its case against them as required under the law. In the motion, the defendants argue that the SEC failed to present key evidence backing assertions that all “XRP was an investment contract with…

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Market Wrap: Bitcoin Notches Biggest Gain in 6 Months as Price Soars By Glenn Williams | Jocelyn Yang Traders appear to be shrugging off interest rate fears as they wait for more inflation data next week. Price Action Bitcoin (BTC) and Ether (ETH) both moved aggressively higher on Friday, with BTC posting its largest daily gain in six months. It was up by more than 5% in the past 24 hours, while ETH rose by 10% during that time, although both cryptocurrencies remain down by more than 50% for the year. Friday’s push appears to be tied to signals that the U.S. central…

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Micah Johnson: From MLB to NFT Superstar By Jessica Klein Once of the LA Dodgers, Micah Johnson has built an entire universe with his character Aku, a young boy wearing an astronaut’s helmet. Trevor Noah, Pusha T and Tyra Banks are fans. Shortly after Micah Johnson joined the Los Angeles Dodgers Major League Baseball team, the team’s manager, Dave Roberts, asked all the new members to share their hobbies. Johnson had grown up playing piano but fearing that Roberts “might wheel a piano” into the locker room, he decided to say painting was his hobby instead. Roberts asked him to…

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New York State Senate Passes Bitcoin Mining Moratorium By Nikhilesh De, Cheyenne Ligon The state Assembly had already passed the bill, which would bar new mining operations powered by carbon-based energy sources for two years. The New York State Senate passed a bill targeting proof-of-work (PoW) mining early Friday morning in an effort to address some of the environmental concerns about cryptocurrencies. The bill, which was passed by the state Assembly last month, would impose a two-year moratorium on new PoW mining projects powered by carbon-based fuel in the Empire State, though existing mining firms or ones currently undergoing the permit renewal process would be allowed…

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Kevin O’Leary-Backed Bitcoin Miner To Locate HQ in North Dakota By Aoyon Ashraf Bitzero plans to invest about $400 million to $500 million to build 200 megawatts of data centers in the state. Bitcoin mining startup Bitzero, whose backers include entrepreneur and “Shark Tank” star Kevin O’Leary, has chosen North Dakota as the headquarters and hub for its North American operations. – CEO Akbar Shamji said Bitzero plans to build 200 megawatts of data centers in the state over the next two to three years at a cost of $400 million to $500 million. The company is also part of…

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First Mover Asia: Bitcoin Extends Losing Streak, New LUNAs Crash Like Old LUNAs, Stepn’s China Dilemma By Sam Reynolds, Bradley Keoun, Damanick Dantes Bitcoin was headed for a ninth-straight weekly loss, a record in the largest cryptocurrency’s trading history dating back to the early 2010s. Terra delivered its new LUNA “revival” tokens, and the price promptly crashed. “Move-to-earn” crypto project Stepn has plenty of company among firms making changes to accommodate Chinese data-protection laws. Prices: Bitcoin traded higher but was poised to notch a record ninth-straight weekly loss. Prices for Terra’s new LUNA tokens crashed nearly as soon as they launched.…

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Opinion – Crypto’s One Unassailable Use Case: Helping Human Rights Activists By Anna Baydakova The Oslo Freedom Forum was heavy on bitcoin and stablecoin discussions, underscoring that this technology is a tool for political dissidents, not just a get-rich-quick scheme. Attendees at this week’s Oslo Freedom Forum, a 13-year-old annual gathering for human rights and pro-democracy activists, might have wondered at times if they’d mistakenly wandered into a cryptocurrency conference. Bitcoin developer Jimmy Song’s signature cowboy hat could be spotted here and there at the Oslo Concert Hall, where the forum, organized by the Human Rights Foundation, took place. The…

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Stepn To Bar Gameplay in China, Sending ‘Move-To-Earn’ Token GMT Spiraling By Cameron Thompson The crypto rewards game’s GMT token has fallen 38% in the last 24 hours, according to CoinGecko. Solana-based “move-to-earn” game Stepn will effectively bar gameplay in China in mid-July, the company announced Thursday, sending its GMT token spiraling as the markets digested the news. – Stepn said it will stop providing GPS services to users whose IP address or GPS location shows them in China on July 15. Without GPS services, players who own its membership-like shoe non-fungible token (NFT) will not be able to earn tokens for their steps.…

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