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Minecraft Bans NFT Integration on Game Servers | Coinspeaker

Minecraft plans to block the use of its in-game assets such as skin packs, mods, and personal items to create digital collectables. Microsoft-owned video game, Minecraft, has announced an update to its usage guidelines, banning NFT integration on its servers. Minecraft noted the platform is modelled to ensure an inclusive experience for all players. To […]

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Tesla Sold 75% of Bitcoin for Fiat during Second Quarter

Tesla’s recent Q2 report reveals that the EV company sold $936 million in Bitcoin to help with COVID-triggered liquidity concerns. In its second-quarter earnings report, Tesla Inc (NASDAQ: TSLA) revealed that it sold $936 million worth of Bitcoin (BTC). This represents a massive 75% reduction of the company’s Bitcoin portfolio, leaving its holdings at $218 million. Following Tesla’s decision […]

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Criminal Investigative Squad Raids 15 Entities Linked to Terra Collapse in South Korea

Authorities in South Korea have cracked down on several business related to the Terra collapse of the UST and LUNA tokens. According to a Wednesday report from News 1 Korea, government authorities recently raided 15 entities in South Korea connected to the Terra collapse. Among the raided entities were 7 crypto exchanges, including Upbit, Bithumb, […]

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UK Financial Services and Markets Bill Includes Stablecoins Regulations 

The UK Treasury Department had earlier called for regulations for only those stablecoins that are pegged to a fiat currency. For the first time, the UK Financial Services and Markets Bill (FSMB) contains the provision of regulations for stablecoins. The UK government rolled out its FSMB on the 30th of July, including its intention to […]

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Tesla Sees Highest Vehicle Production Month in Q2 2022, Revenue Climbs 42% YoY

Despite seeing its highest vehicle production month in history, Tesla also saw its automotive gross margin fall for the first time in a long while. Shares of EV giant Tesla Inc (NASDAQ: TSLA) jumped in extended trading as the company beat analysts’ expectations in Q2 2022 despite the market conditions. The company released its quarterly […]

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Mattel and Elon Musk’s SpaceX Team Up to Launch Line of Space-Inspired Toys

Starting from 2023, the toys will be available under the Matchbox brand. In addition, Mattel is planning to debut the toys as collectibles on Mattel Creations, its elevated collector and direct-to-consumer platform. Mattel Inc (NASDAQ: MAT), an American multinational entertainment company that specializes in the design and production of toys, has announced a multi-year partnership with SpaceX, […]

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DeFi Platform Portal to Conduct Equity Offering on Republic

As revealed by the platform, the equity offering will be opened to all investors across a wide range of jurisdictions.  Portal, a decentralized finance (DeFi) protocol built on the Bitcoin blockchain, is offering the general public a chance to be a co-owner through the proposed Reg D equity offering on the Republic platform. As contained […]

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21Shares Launches Bitcoin & Ethereum ETPs Targeting Less Volatility

Amid the crypto market downturn, Swiss crypto ETP issuer 21Shares is now offering investors low-risk exposure via its BTC & ETH ETPs. Leading crypto exchange-traded products (ETPs) issuer 21Shares has launched S&P risk-controlled Bitcoin and Ethereum ETPs. This comes amid the broader crypto market downturn that has eaten into the overall market cap of several digital assets. Despite the […]

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UK Inflation Data Shows Historic Surge to 40-Year High at 9.4%

The Bank of England is considering a 50 basis points rate hike next month which would be the single biggest increase in over 30 years. The United Kingdom announced its inflation data for June 2020 which stands at a 40-year-high and a staggering 9.4%. The inflation in the UK peaks with food and energy prices […]

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BNP Paribas Partners with Metaco to Enter Crypto Custody Space | Coinspeaker

French international banking group BNP Paribas is exploring crypto custody through a partnership with Swiss institutional digital asset custody firm Metaco. The matter was revealed by three people who have knowledge about the partnership deal. Despite the volatility in the crypto market, several banking giants are expanding their services to include crypto custody. However, the […]

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Dow Jones Rally 754 Points Ahead of Corporate Earnings Announcements

Markets make a strong rebound with some analysts believing that the bottom could be already in. Banking giants make strong gains on Tuesday. On Tuesday, July 19, all three US stock indices witnessed a strong rally as traders showed confidence ahead of the corporate earnings report. Many traders on Wall Street believe that the bottom […]

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Netflix Posts Q2 2022 Earnings Report, Reveals 8.6% YoY Revenue Increase but 970K Loss in Subscribers

Released Q2 Netflix results show that the company lost fewer subscribers than estimated amid plans to launch a cheaper ad-supported tier. Netflix Inc (NASDAQ: NFLX) recently posted its anticipated Q2 earnings report, revealing a smaller-than-expected loss in its number of subscribers. The US streaming giant and production company only saw around 970,000 subscribers shirk their […]

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Bitcoin Could Hit $500K by 2027, Galaxy Digital’s Mike Novogratz Predicts

Despite a bleak outlook, Novogratz believes that the Bitcoin “store-of-value” appeal will see it rise to $500K in five years. Galaxy Digital CEO Mike Novogratz, believes that Bitcoin (BTC) could hit $500K by 2027. Novogratz sees this as possible due to the leading crypto’s unique properties and adoption growth. Going by Novogratz’s $500K price prediction, Bitcoin will […]

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Google to Test Again Its Augmented Reality (AR) Glasses This Fall

During the testing phase, testers will not be allowed to use the glasses in some locations like schools, government buildings, places of worship, etc. In a couple of months, tech giant Google LLC (NASDAQ: GOOG) will start testing its augmented reality (AR) glasses. These next-generation prototypes will be equipped with microphones, cameras, and transparent in-lens […]

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Twitter Wins Five-Day Expedited Trial in Lawsuit against Elon Musk

The lawsuit was to determine if Musk was under obligation to complete the deal or pay the breakup fee. As the matter between Twitter and Elon Musk continues, the social media company has won its motion for an expedited trial which begins in October. This came after Twitter charged Musk to court in order to force […]

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Bitcoin Breaks Past Its 200-Week EMA towards $24,000, Further Upside Possible

Bitcoin has moved past its crucial resistance of 200-week EMA. But BTC needs to form a daily and weekly candle above it to confirm the uptrend. On Tuesday, July 19, the world’s largest cryptocurrency Bitcoin (BTC) made a strong move shooting towards $24,000. As of press time, Bitcoin has gone past its 200-week EMA and […]

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Valkyrie Launches VC Arm to Focus on ‘Web2.5’

Valkyrie is looking to bridge the gap between an average user and the Web3.0. Financial services firm Valkyrie is planning to raise an undisclosed amount of venture capital (VC) funds. According to a recent TheBlock report, the firm will use the fund to support startup “web 2.5” firms. Valkyrie Helping Users to Move Easily to […]

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Skybridge Capital Halts Withdrawals from Funds with Exposure to Crypto

The news of the stoppage of withdrawals is often a distress call that may imply a more menacing underlying liquidity crisis amidst the broader uncertainty in the global financial ecosystem. Skybridge Capital, the hedge fund founded by Anthony Scaramucci, has suspended withdrawals for the Legion Strategies fund, an aftermath of the damning decline in the […]

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BitGo Partners with NEAR Foundation in Order to Support NEAR Token

BitGo will provide custody services for the NEAR Foundation, the first time NEAR is plunging into institutional investing. Digital asset trust company and security platform BitGo is partnering with The NEAR Foundation on a blockchain initiative. Pursuant to the collaboration, BitGo will provide support for NEAR’s network, assets, and the NEAR native token, NEAR. The […]

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Celsius Identifies Mining Operations as One Way of Recouping Losses Ahead of Reorganization Plans

Celsius has stated at a bankruptcy hearing that its mining outfit should be able to repay some creditors ahead of total reorganization. Embattled crypto loan company Celsius Network revealed its reorganization plan based on mining activity at its first bankruptcy hearing. Owing more than $5 billion to half a million creditors, the firm identified its similarly-indebted mining […]

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