Ethereum eyes 40% gains as ETH price fractal approaches final phase
ETH price could rise 40% from its bullish fractal pattern despite Ether’s sideways consolidation over the past week.
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FinCEN Clarifies Money Transmission Regulations Pertaining to DApps
The United States Financial Crimes Enforcement Network (FinCEN) has issued new guidance that contains its financial regulation policies concerning Decentralized Applications (DApps) on May 9.In the introduction to the guide, FinCEN notes the guide serves to clarify and provide examples to make compliance easier for entities whose activities fall under the purview of the Bank…

Paris Saint-Germain Soccer Club to Launch Fan Token
French soccer club Paris Saint-Germain (PSG) is partnering with blockchain platform Socios.com to launch a token ecosystem, according to a press release shared with Cointelegraph September 11.PSG plays in the highest tier of France’s soccer league and has been hailed as the country’s “most popular” team.Socios describes itself as a digitized, tokenized form of the…

Web3 active developers drop nearly 40% in one year
Weekly active developers in the crypto space dropped by almost 40% in one year as “narrative-led” developments took over the industry. Crypto data and analytics platform Artemis Terminal shows that on March 17, 2024, the number of active developers tagged on open-source repositories in a week was 12,380. The number dropped to around 7,600 on

Tether launches Synonym to boost Bitcoin adoption through Lightning Network
The new venture is pursuing hyperbitcoinization by combining the Lightning Network’s speed with the architecture of an open peer-to-peer platform. 978 Total views 16 Total shares Synonym Software Ltd., a company founded by stablecoin issuer Tether Holdings Limited, officially launched on Tuesday, setting in motion a highly ambitious project to bring Bitcoin (BTC) transactions mainstream…

OpenSea investor marks down stake in platform by 90%: Report
OpenSea’s co-lead investor Coatue Management marked down its investment from $120 million to $13 million. 321 Total views 2 Total shares United States tech investment firm Coatue Management has marked down the value of its stake in non-fungible token (NFT) platform OpenSea by 90%. On Nov. 7, The Information reported on a document it reviewed showing

Elon Musk’s Twitter buyout is going so poorly that banks had to issue pay cuts
The “hung” loans have led to bankers calling it the worst buyout since 2008.

Some Major Coins Still Making Gains, Others Trade Sideways as Oil Reports Mixed Signals
Tuesday, May 14 — Yesterday’s rally in cryptocurrency markets has slowed, with the top 20 coins by market capitalization reporting mixed signals, according to Coin360.Market visualization from Coin360After breaking the $8,000 threshold yesterday, the leading cryptocurrency bitcoin (BTC) has been holding its ground, having gained 2.85% over the past 24 hours and is trading at…

Report: Blockchain Among Highest-Paying Industries in Canada
A recent report from the Canadian Digital Chamber of Commerce shows that salaries in the Canadian blockchain industry are amongst the highest in the country.Much needed legal clarityThe Chamber of Digital Commerce Canada released its October report on the country’s blockchain ecosystem, showing insights into the health of the industry, current strengths and legal needs…