Crypto Trends Weekly Aug. 5 – 12

    Breaking crypto news from the last week (Aug. 6 – 12, 2022): Aug. 6: Messari’s latest report indicates that the market pullback in the first half of 2022 did not shake investors’ confidence in the growing crypto industry. As per the report, the overall amount of money raised in the first six months already exceeds…

    Fintech startup Strike launches new Visa Card to allow payments in Bitcoin

    Strike, the leading blockchain-based startup, entered into a collaboration with financial giant Visa Inc. to offer crypto rewards through its new crypto card. The startup also said that access to the card could be granted by joining a waitlist. Digital currency-based payment protocol Strike, built on the Lightning Network, has announced the launch of a…

    Tips for surviving the crypto bear market

    Bear markets are difficult as people watch their account balances diminish with the Bitcoin price dropping. There are many things you can do to ease the pain. This is an opinion editorial on Bitcoin Magazine by Boomer, a long-time and active member of the financial independence/retire early (FIRE) movement. Deep down, we all knew this…

    Crypto without internet: SMS service allows Bitcoin transactions via text in Africa

    Machankura, the South African SMS-based service named after the local slang word “money,” is bridging the gap between Bitcoin and people without internet access. Kgothatso Ngako, the developer of the service, believes that due to this new technology, people in Africa will be able to receive and spend Bitcoin without the need for an internet…

    The Merge is getting closer: Can the Ethereum 2.0 opponents succeed?

    Ethereum token’s price rises as it is moving closer to long-awaited the Merge upgrade. Meanwhile, part of the community led by the prominent miner intends to resist the upcoming shift to ETH 2.0 and create a new, parallel network and cryptocurrency ETHW to preserve the existing Proof-of-Work method and ETH mining. However, Ethereum co-founder Vitalik…

    Huobi founder reportedly looks to sell his majority stake for over $1 billion

    Leon Li, the founder of major crypto exchange Huobi Global, is reportedly in talks to sell his majority stake in the company, which could value the firm at over $3 billion. The deal could be one of the biggest in crypto history. According to Bloomberg, Li is looking to sell almost 60% of the firm…

    BlackRock launches a new Bitcoin trust, pushing institutional crypto adoption

    BlackRock announced Thursday the launch of a private trust that will hold Bitcoin and seek to track the asset’s performance, with Coinbase serving as the trust’s custodian. The news marks a giant leap forward in Bitcoin’s institutional adoption, which brought out a flurry of bold calls. This development comes one week after BlackRock announced a…

    Gulf Crypto Insight: Hot crypto news from the MENA region – August 10

    Blockchain Economy Summit: Dubai to host the world’s largest blockchain and crypto event in October The world’s largest blockchain and crypto conference network, Blockchain Economy Summit, has just closed the previous chapter in Istanbul,  Türkiye, with more than 3,000 participants from 82 countries all over the world. The next edition of the world’s flagship blockchain…

    Top 5 main mistakes to avoid during a crypto bear market

    Here are five of the most common mistakes people make during a bear market, writes George Georgiev on CryptoPotato. Have you made any of them? Cryptocurrency bear markets can be brutal for new investors without sufficient experience. The swings are typically a lot more violent compared to traditional stock markets, and it’s not unheard of…

    UAE tightens control over crypto real estate money laundering

    On August 8, the UAE introduced new reporting requirements for real estate transactions involving digital assets. The new rules require all real estate agents, brokers, and law firms to report all property transactions with crypto assets. According to the UAE government, the new rules are aimed at clamping down on money laundering and terrorist financing….