Bitcoin 92-day consolidation is setting up a ‘massive’ rally — Traders
Bitcoin is now trading in its “longest” consolidation period, but the longer the consolidation, the “larger the expansion,” according to traders.
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Huobi trials NFT marketplace to further GameFi and metaverse strategy
Huobi previously launched a $10-million fund to invest in projects focused on GameFi, a mix of gaming NFTs and DeFi. 247 Total views 11 Total shares Huobi Group, the company operating one of the world’s largest cryptocurrency exchanges, is launching its own nonfungible token (NFT) marketplace, following in the steps of other major crypto exchanges.Huobi…

Ethereum at the center of centralization debate as SEC lays claim
Ethereum went through a key network upgrade on Sept. 15, shifting from its proof-of-work (PoW) mining consensus to a proof-of-stake (PoS) one. The key upgrade is dubbed the Merge. The Merge was slated as a critical change for the Ethereum network that would make it more energy efficient, with later improvements to scalability and decentralization to…

Mt. Gox moves $2.7B in Bitcoin to new wallet address
One of Mt. Gox’s cold wallets just transferred more than 47,000 BTC to an unknown wallet address amid a plan to begin repaying its creditors.

Berkshire-backed Nubank adds ADA, NEAR, ATOM to crypto offerings
Nubank has seen a quarterly revenue increase of 1124% in less than four years as its customer base has grown. 1597 Total views 1 Total shares Nubank, a Latin American financial bank backed by Warren Buffett’s Berkshire Hathaway, has expanded its crypto offerings by adding four altcoins to its portfolio. The bank is adding Cardano

Mantra says CEO has begun the process of burning his 150M OM tokens
The blockchain’s founder will burn 150 million OM tokens, reducing the total supply to 1.67 billion, with another 150 million from “key ecosystem partners” to also be burned. 260 Total views 1 Total shares Mantra founder and CEO John Patrick Mullin has started unstaking 150 million of his Mantra (OM) tokens in preparation for sending

Bithumb Exchange to Launch Cryptocurrency Listing Committee
South Korean crypto exchange Bithumb will launch a new committee in September that will determine which cryptocurrencies can be traded on its platform.A monthly check by expertsSouth Korean news daily Yonhap News reported the formation of Bithumb’s new committee on Aug. 22. The committee, entitled the Listing Eligibility Deliberation Committee, will review the exchange’s listings…

Over 50 Banks Simulate Letter of Credit Transactions on R3’s Blockchain in 27 Countries
Over 50 banks participated in the simulation of letter of credit transactions on R3’s blockchain platform in 27 countries on six continents. The company announced the development in a press release published on May 8.Per the release, 96% of the participants said that the system — dubbed Voltron — will accelerate and reduce the cost…

Mining execs establish organization to influence US crypto voters
A board member of the Bitcoin Voter Project described the group as nonpartisan and planned to take a different approach than initiatives like Stand With Crypto.