Crypto Newsletter

Bank of Tanzania Hints at Possible Crypto Ban Reversal as Spokesman Confirms Bank Is 'Working on the Directives Given'

In a hint that Tanzania might soon reverse its 2019 crypto ban, an unnamed spokesperson of the Bank of Tanzania (BOT) recently suggested the apex bank is “working on the directives given.” The remarks by the spokesperson follow Tanzanian President Samia Suluhu Hassan’s call on the country’s finance chiefs to prepare for cryptocurrencies.

United Kingdom's Financial Conduct Authority issued a warning to Binance Markets Limited that it can not operate in the country.

UK’s financial regulator FCA issued a warning to Binance Markets Limited and the Binance Group, making it clear that Binance Markets Limited could not operate in the country as it is currently doing. The FCA noted in the warning that due to the imposition of requirements by the financial regulator, Binance Markets Limited is not currently permitted to engage in any regulated activities without the prior written consent of the FCA.

Strong Hands Accumulating Bitcoin in Massive Amounts, According to On-Chain Analyst Will Clemente

Closely-followed analyst Will Clemente says he’s seeing on-chain signals indicating that strong hands are aggressively buying the Bitcoin dip.

Clemente tells his 123,400 Twitter followers that in the past month, long-term holders have quietly accumulated massive amounts of BTC to offset the selling of short-term holders.

This company promises a new era for blockchain gaming with mainnet launch

Ultra’s objective is to give gamers and software developers a base from which they can create, build and distribute their work using non-fungible tokens (NFT) technology, all while retaining full control of its monetization and resale.

Despite regulatory uncertainty, Indian crypto investment surges 19,900% in one year

Despite India’s uncertain regulatory climate regarding crypto assets, nationwide investments in digital assets have increased by roughly 19,900% over the past year.

According to data from blockchain analytics firm Chanalysis that was reported by Bloomberg on June 28, crypto investments increased during mid-2020 before going parabolic as the markets surged into new all-time highs towards the end of the fourth quarter.

Theta Guardian Node v3.0.2’s Release Enables Mainnet 3.0

In a recent announcement, Theta Labs declared the launch of Guardian Node for Theta v3.0. The new version shall go through a hard fork at a block height of 10968061 for activating the features of Theta 3.0. It is now mandatory for the registered users to remain in sync after the hard fork height. The app version of Guardian Node can upgrade itself on its own. To execute Theta at the command line of Ubuntu, the users must download and install the latest binary code.

Jefferies: China’s Crypto Crackdown Is Only to Avoid Competition to Digital Reminbi

Jefferies global head of equity strategy Christopher Woods recently published a research note talking about the recent regulatory action and China’s crackdown on cryptocurrencies. Wood said that amid the Chinese crackdown on crypto is more concerned with nullifying the competition to its own CBDC – Digital Renminbi – rather than the carbon footprint measures.

SafeDollar ‘stablecoin’ drops to $0 following $248 million DeFi exploit on Polygon

The price of SafeDollar (SDO), an algorithmic decentralized finance (DeFi) stablecoin based on the Polygon (MATIC) blockchain, has plummeted to literally zero as a result of what appears to be a massive multi-million exploit today.

While details are yet scarce, block explorer Polygonscan shows that 202 million USDC and 46 million USDT stablecoins were suddenly drained from SDO’s smart contract today—worth around $248 million in total.

Litecoin Price Analysis: Litecoin marks 18.03 percent weekly drop since Monday last week

Litecoin price analysis has been bearish for the last 2 days after breaking below the overhead resistance at $135. Yesterday’s close halted into a 4.64 percent downswing which marked the second consecutive day of a falling wedge. Coinmarketcap indicates the LTC has a market capitilzation of $8.7 billion , only a few points by volume ahead of Solana at $8.5 billion. The weekly chart indicates a drop by 18.03 percent between last week’s monday and today. By perfomance, Litecoin is ranking at position 6 after being toppled by new entrant KLAY.