Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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SecuX V20 – A Hardware Crypto Wallet for Your Coins and NFTs
Hardware wallets are a necessary security precaution for anyone investing in cryptocurrencies. They store your coins offline, so hackers can't effortlessly steal them. SecuX V20 is one of the latest hardware wallets on the market. The product offers a variety of features that make it a choice for anyone looking to secure their coins. Here in this review, we will mention some things that make the SecuX V20 stand out from other hardware wallets. What is SecuX V20? SecuX V20…
3 years ago
Santander Brasil CEO Says Bank Will Soon Roll Out Crypto Services
Spanish banking giant Santander is planning to start offering crypto trading services in Brazil in the coming months. Local newspaper Folha de S. Paulo reported on July 28, citing the bank’s CEO, Mario Leao. According to Leao, Santander might introduce crypto trading in its next quarterly results or earlier. Explaining why the bank has decided to offer crypto services, Leao said: We recognize that it is a market that is here to stay, and it is not necessarily a reaction…
3 years ago
Floyx – A Project Ready to Change the Social Media World with Decentralization
Blockchain technology is helping creative teams redesign aspects that belong to the Web2 world. The possibility of launching decentralized systems is opening a new set of options in the social media industry too. Today’s review will analyze the main features of Floyx, a new initiative wishing to overcome centralized social media. We aim to share information neutrally, enabling the readers to assess this project’s value proposition. About Floyx Floyx believes that, in the future, social media will be completely decentralized.…
3 years ago
It Gets Worse: Celsius Email List Leaked to Third-Party
Bankrupt crypto-lender Celsius sent an email to customers on Thursday revealing that their emails were leaked in a data breach. The company claimed this doesn’t present any high risk to their clients, but informed them as a matter of communication. In the email ZeroHedge shared, Celsius said that it was informed of the leak by Customer.io. The company serves as Celsius’ vendor and functions as an automated messaging platform for sending data-driven marketing emails. The vendor said that one of…
3 years ago
Zipmex Seeks Temporary Protection to Shield Against Creditors
Days after halting withdrawals, Thailand-based crypto exchange platform Zipmex has now filed for a moratorium protection. The filing makes the exchange the latest in a series of failing platforms seeking court protection from their creditors. Zipmex Freezes Withdrawals, Files for Extra Time About a week ago, Zipmex shared the news that it was freezing user withdrawals “until further notice.” At the time, the platform cited unstable market conditions and financial difficulties with a few partner companies. They promised that a…
3 years ago
SEC Chairman: Crypto and Securities Exchanges Should be Treated the Same
Gary Gensler – Chairman of the Securities and Exchange Commission – recently outlined the investment risks associated with crypto trading platforms. He said they resemble the structure and function of stock exchanges, and ought to be regulated in the same manner. In a video posted Thursday, Gensler explained that crypto platforms, like stock markets, bring buyers and sellers together. Millions of customers regularly trade on such platforms without operating through a broker. As such, he argues that crypto platforms should…
3 years ago
StanChart-backed Zodia Markets Goes Live in the UK
Zodia Markets, a crypto exchange focused on institutions, has launched in the UK after registering with the Financial Conduct Authority (FCA). The company, which is a subsidiary of Zodia Custody, announced on July 28. By registering with the FCA, Zodia Markets can now offer UK-based institutional customers crypto trading and brokerage services. According to the announcement, Zodia Markets is the first international bank-backed crypto business that the FCA has listed on the UK Financial Services Register. Commenting on this development,…
3 years ago
UK Law Commission Says Crypto and NFTs Need Own Laws
The UK’s Law Commission calls on the government to formulate laws that exclusively govern the crypto and NFT spaces. Bloomberg reported on July 28, noting that the commission believes the current laws cannot adequately govern the burgeoning sectors. According to the report, the commission is requesting lawmakers to change laws regarding personal property to include data objects. The entity claims that implementing these changes would help courts decide ownership claims of tokens. Additionally, the commission believes these reforms can help…
3 years ago
BitBox02 – Store Your Crypto on a Hardware Wallet from Switzerland
A hardware wallet is a physical device that stores your cryptocurrency. It usually looks like a USB drive; you can connect it to your computer to access your coins. A hardware wallet is a good idea because it keeps your private keys away from your computer. This feature makes it dramatically more secure than storing them on an exchange or in a software wallet. Hardware wallets are the new hot topic in the crypto industry. BitBox02 is a Swiss hardware…
3 years ago