Helium devs propose ditching its own blockchain for Solana

Internet of Things (IoT) blockchain network Helium could transition to the Solana blockchain following a new HIP 70 governance proposal launched on Aug. 30.  The Helium core developers said the need to “improve operational efficiency and scalability” was required in order to bring “significant economies of scale” to the network. The Helium network operates by […]

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Hermès reveals plans for Metaverse fashion shows, crypto, and NFTs

Luxury brand Hermès is laying the groundwork for its entrance to Web3 after filing a trademark application covering NFTs, cryptocurrencies, and the Metaverse.  According to an Aug. 26 filing to the United States Patent and Trademark Office (USPTO), the trademark covers downloadable software to view, store and manage virtual goods, digital collectibles, cryptocurrencies, and NFTs […]

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Bitcoin holds $20K, but analysts say BTC open interest leaves room for ‘more deleveraging’

Bitcoin (BTC) price continues to struggle at $20,000 and repeat dips under this level have led some analysts to project deeper downside in the short-term. Earlier in the week, independent market analyst Philip Swift tweeted that the Crypto Fear and Greed Index had dropped back to back to “Extreme Fear,” reflecting softening sentiment among investors.  […]

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FASB Crypto Accounting Review Won’t Include NFTs, Certain Stablecoins: Report

FASB did not name specific crypto assets that would be excluded from the rule. But it said the digital assets addressed by the rule would include those that are intangible, don’t carry contractual rights to cash flows or ownership of goods and services, and those that are fungible, according to the Journal. NFTs are by […]

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Bybit to launch USDC spot pair after partnership with Circle

Bybit plans to add USDC spot pairs and other products to its retail and institutional clients. Crypto derivatives exchange Bybit has partnered with digital financial technology firm Circle Internet Financial, the issuer of stablecoins USD Coin (USDC) and Euro Coin (EUROC), in a collaborative effort that will see Bybit launch USDC spot pairs. The partnership […]

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Meta says FB and IG users can post NFTs: Nifty Newsletter, Aug 24–30

In this week’s newsletter, read about Meta’s newest update on the integration of nonfungible tokens (NFTs) on Facebook and Instagram. Check out how the NFT trading volume on OpenSea has plummeted by 99% and how despite the downturns, digital artists still firmly believe in the future of NFTs. In other news, learn about the changes […]

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AngelBlock, DeFi protocol for crypto-native fundraising, announces it’s Startup Grant Program and platform launch

Warsaw, Poland, 31st August, 2022, Chainwire AngelBlock is a platform dedicated to bringing together vetted, noteworthy crypto and FinTech startups with knowledgeable investors. The aim is to allow frictionless providing of financing and support by investors to new ventures in the crypto, blockchain, and FinTech space focusing on early-stage investments, in a manner that’s fully […]

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Russia says crypto is “safe alternative” for cross-border payments

While on one level it feels silly to talk about cryptocurrencies in Russia when there is a literal war going on, this is a crypto site. In that context, some very interesting developments have come out of Russia over the last day. Russian Prime Minister Mikhail Mishustin declared cryptocurrencies could be a “safe alternative” for […]

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Bitcoin price clings to $20K as analyst says Fed ‘buried’ soft landing

Bitcoin (BTC) fluctuated around the key $20,000 mark into Aug. 31 as the outlook on United States inflation darkened. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD again dipping below the last halving cycle’s top overnight, only to regain lost ground to circle $20,300 on the day. The rangebound moves accompanied modest recoveries for […]

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