Trader’s acquisition of $1.5M CryptoPunk for $23K raises eyebrows

In this week’s selected cryptocurrency- and blockchain-related news from Cointelegraph Japan, government and industry officials secured important appointments, while new data shows the popularity of cryptocurrencies and their favored uses in Japan and China. Expert: Bitcoin is most commonly used for remittances in ChinaOn Sept. 11, Cointelegraph Japan reported that Sunny Wang, Japan's representative of Chinese…

Bitcoin (BTC) fell below $28,700 after the Aug. 7 Wall Street open as “endless spot selling” drove BTC price action lower.BTC/USD 1-hour chart. Source: TradingViewBitcoin traders brace for losses as $29,000 support breaksData from Cointelegraph Markets Pro and TradingView showed BTC/USD returning nearer to its August lows after a shaky weekly close.The start of United…

The price of Bitcoin (BTC) dipped below $56,000 on March 21 after repeated rejections by the $60,000 resistance level throughout the past four days.BTC/USD 1-hour candle chart. Source: TradingviewDespite getting closer to cleanly breaching past the key technical level, Bitcoin has been showing weakness in the $59,000 to $60,500 range.There are three major reasons behind…

The largest bank in the US, JPMorgan, has taken a massive step into the Metaverse, opening a virtual lounge in the popular blockchain-based world Decentraland after it labelled the sector as a “$1 trillion opportunity.”Visitors to the lounge, situated in Decentraland’s Metajuku mall, are greeted by a roaming tiger and a digital portrait of Jamie…

An online survey by banking giant ING finds that Austrians are the most skeptical of Bitcoin (BTC) and cryptocurrencies in general. The poll, including respondents from 15 countries, shows that Bitcoin-positivity is also weakening in other countries, according to Der Standard, Aug. 14.The worst and getting worseAustrians are generally conservative on investments, but on cryptocurrency…

With the concerns of Janet Yellen and Hillary Clinton notwithstanding, there isn’t enough cryptocurrency in the world to bail out Russia from the economic hole which it now finds itself to be settling into. Even if there were a large enough supply, it probably wouldn’t enable the state to escape the scourge of a Western…

New York-based financial technology firm trueDigital Holdings LLC is aiming to acquire the registrations of trueEX LLC in a bid to launch a fully-regulated crypto derivatives exchange, according to a press release published on July 12.Per the release, trueDigital has concluded an agreement in principle to acquire the Designated Contract Market (DCM) and Swaps Execution…

DeFi-focused oracle platform DIA is using crowd-sourcing to improve the accuracy of price oracles. 1604 Total views 21 Total shares Oracle platforms, which provide links between blockchain smart contracts and trusted sources of real-world data, are a crucial component of many decentralized finance — or DeFi —  applications.With the meteoric rise of Chainlink (LINK) this…