Getgems bets on Telegram for NFT adoption, OpenSea airdrop backlash: Nifty Newsletter

Sellers pressed Bitcoin price back below $40,000, while analysts believe BTC will remain rangebound until the $42,000 level is breached. 2328 Total views 5 Total shares The cryptocurrency market is in the midst of another lackluster day as Bitcoin (BTC) price dipped below $40,000 ahead of the Federal Open Market Committee (FOMC) meeting where officials…

Russia’s prime minister proposed recognizing crypto as property under the nation’s tax code. Russian prime minister Mikhail Mishustin has appeared to express support for the further development of the local cryptocurrency market.At a recent governmental meeting held on Nov. 26, Mishustin proposed the introduction of legal protections for crypto holders in the country in order…

The FCA and other law enforcement agencies investigated 36 crypto ATM locations using powers under money laundering regulations. 461 Total views 1 Total shares The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), “disrupted” 26 of the 34 cryptocurrency ATMs it visited and inspected since the start of 2023.On Feb. 14, the FCA gave…

The European Union (E.U.) will focus on the development of crypto asset classification and regulatory mapping, European Commission Vice President Valdis Dombrovskis claimed at a recent meeting of Economic and Financial Affairs Council (Ecofin) in Vienna.According to Dombrovskis, crypto assets are “here to stay,” and the crypto market still “continues to grow” despite “recent turbulence.”The…

A site enabling consumers to buy Bitcoin using hundreds of different payment methods says demand is thriving despite declining cryptocurrency prices — with Africa being its biggest market.Paxful says the volume of transactions it has processed from the continent has risen by more than 130 percent — and now, an average of 17,351 trades per…

Optimism is still rampant despite intraday losses accelerating on BTC/USD, which is targeting giant buyer support at $36,000. 799 Total views 4 Total shares Bitcoin (BTC) returned to hit local lows of $37,500 on Wednesday in a fresh installment of its comedown from above $42,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView“So far so good” as…

Bitcoin (BTC) aimed for $28,500 at the Oct. 2 Wall Street open as a bullish start to the month continued.BTC/USD 1-day chart. Source: TradingViewAnalyst wary of Bitcoin “upside wick” fakeoutData from Cointelegraph Markets Pro and TradingView showed BTC price action staying strong into October’s first United States trading session.The largest cryptocurrency made swift gains into

Billions of dollars have flowed into decentralized exchange protocols based on the automated market maker (AMM) model, which bootstraps network effects by incentivizing liquidity with project tokens, thereby creating a self-contained ecosystem of traders and yield earners.This mechanism has allowed decentralized exchanges (DEXs) to compete for the first time with centralized counterparts, such as Coinbase,…