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The EU Cryptopay cards may stop working soon as the Bank of Lithuania has revoked the EMI license of the app’s provider, UAB PayrNet. The European Union debit card provider for Cryptopay has lost its Electronic Money Institution (EMI) license, according to a June 22 email sent to its customers. The company recommends to EU cardholders that they should immediately spend or transfer funds from their cards. Funds held in the app’s accounts are safe, Cryptopay told Cointelegraph. Cryptopay June 22 email. Source: Cryptopay Cryptopay had been using UAB PayrNet, a license d EMI in Lithuania, to provide its EU customers with debit card services. But PayrNet’s license was revoked by Lithuania’s central bank, leading to the risk that users’ funds may become temporarily stuck on their cards. An email stated that only funds transferred to a user’s debit card would be affected. Otherwise, “this issue in no way influences your Cryptopay account which shall continue business as usual.” As for fun...

The cryptocurrency industry is experiencing significant changes as it strives to establish itself as a prominent global financial hub. Within this context, various crypto projects actively explore avenues to generate passive income for their token holders. Notably, the rising popularity of proof-of-stake algorithms has paved the way for staking to emerge as a favored method for earning passive income within the crypto space. Due to their robust ecosystems and network fundamentals, Solana (SOL) and Ethereum (ETH) have gained considerable traction in the staking realm. While staking remains a popular option, other potential avenues for earning passive income are on the horizon. Caged Beasts (BEASTS), a meme coin currently in its presale phase, has introduced a referral program that can potentially disrupt the existing SOL and ETH models. This article explores the possibilities and potential benefits of staking SOL and ETH while examining the emerging prospects presented by the BEA...

Investments sometimes don’t go as planned, as the cryptocurrency market is filled with twists and turns that only proficient investors can navigate successfully. We can all agree it’s been quite a tough year for crypto investors, as even the best-performing coins are deep in the negative. Axie Infinity and Fetch AI are two prominent coins that have experienced stagnant prices amidst speculation of a bull run. In the midst of this disappointment, experts are predicting a new GameFi token as the best chance for Axie Infinity to recoup losses and make massive profits on their portfolios. In this article, we’ll explore the future price prediction for Axie Infinity and Fetch AI. We’ll also discuss everything you need to know about the new GameFi token and why analysts think it is the golden ticket to massive profit in 2023. Axie Infinity (AXS) and Fetch AI (FET) Market Outlook To say Axie Infinity fell from the sky like a shooting star would be an understatement. AXS has ...

Join Our Telegram channel to stay up to date on breaking news coverage At this point, it has become public knowledge that President Donald Trump doesn’t particularly like cryptocurrencies. The President made his feelings known in a Twitter thread posted last week, where he outlined the volatility of crypto-assets and their propensity to be used in illicit activities across multiple industries. Since, Trump made his feelings about crypto assets known, the industry itself has been front and center of the government’s attention for multiple reasons. For one, many believe that this indictment could mean that the President and his cabinet are looking into possible ways to ban the crypto sale and bitcoin trading . On the other hand, there is a Senate hearing on Libra, Facebook’s new crypto asset, which is set to take place any moment from now.  Shortly after Trump made his comments, the Bitcoin market went on a tailspin, going from being as high as $13,000 on July 1...

Accused of rape, human trafficking, and organized crime for the sexual exploitation of women in Romania, Andrew Tate has faced asset seizures in bitcoin (BTC) by prosecutors . Initial reports claiming the seizures were worth $300 million have been proven incorrect, attributed to a Google Translate error in a press release from Romanian authorities, which was widely shared by news outlets on June 20. Bitcoin holdings confiscated In a recent development, Romanian prosecutors have successfully seized a significant amount of Bitcoin from Andrew Tate, the well-known social media personality and former professional kickboxer. Contrary to initial reports, the confiscated bitcoin was valued at approximately $560,000, which amounts to around 21 BTC. Additionally, authorities also seized a range of other assets, including 15 luxury cars, 14 watches, 15 properties, and shares in four companies. You might also like: FTX incurs over $120m in advisor fees as bankruptcy costs mount T...

Martin El-Khouri, a senior director at Bertelsmann Investments, spoke with Cointelegraph at the Proof of Talk conference on the state of VC investments in Web3. The crypto space has been facing waves of uncertainty in recent months between impending regulations from regulators across the world and a lingering market downturn.  Despite the state of the industry investors are still backing new ventures in the space. Data shows that in 2022 alone, European DeFi startups experienced an increase in venture capital (VC) funding by up to 120%. Cointelegraph spoke with Martin El-Khouri, a senior director at Bertelsmann Investments, during the Proof of Talk blockchain conference about why major investment firms still see Web3 as a way forward. Proof of Talk 2023 blockchain conference in Paris. Source: Cointelegraph Bertelsmann Investments is one of the world's major VC invest ment firms with around 1.7 billion euro invest ed in over 400 companies worldwide. El-Khouri told Cointelegraph th...

Smart contract activities on the Filecoin network have surged following the Filecoin Ethereum Virtual Machine (FEVM) launch in March 2023. More smart contracts deployed on Filecoin  On-chain data reveals that the number of unique contracts deployed is currently at 2,200, while contract transactions now stand at 224,200 after recording a 1,100 increase within 24 hours of market activity. Contract balance charts are also showing a steady upward trend.  Filecoin total contract balance The Filecoin Ethereum Virtual Machine (FEVM) enables the execution of smart contracts on top of the Filecoin network. You might also like: USDT issuer freezes Ethereum address with over $4.1m Specifically, the FEVM is a runtime environment for smart contract s on the Filecoin network. These smart contract s, also called actors, can be written in Solidity.  The FEVM is fully compatible with Ethereum Virtual Machine (EVM). Accordingly, the platform allows new ERC-20 tokens to be launch...

1. According to Bitcoin miner and hosting provider Blockstream CEO Adam Back, the crypto industry will eventually find a way around, even in the face of regulatory pressure. Once an exchange shuts down or stops servicing one market, people will just move to another exchange, or move to an international exchange. If U.S. wire transfers are restricted, Bitcoin traders will move to open bank accounts in euros or Swiss francs to start trading in a different currency. The market is resilient and new options will always emerge.（Decrypt） Read more 2. Bitcoin infrastructure firm Blockstream expects to unveil its long-awaited Application-Specific Integrated Circuit (ASIC) miner — a culmination of years of engineering work — around the third quarter of 2024. The company acquired Israeli mining hardware manufacturer Spondoolies in 2021, an brought the manufacturer’s core team into Blockstream’s mining division. The new ASIC was originally slated for a 2022 launch but Back now anticipates having t...

Shiba Inu (SHIB) has garnered substantial attention and popularity in recent years as a meme coin. While its price performance may have been less favorable, the project has made notable progress in terms of its utilities. Shiba Inu distinguishes itself among other meme coins through its ongoing development efforts and regular updates. In a notable turn of events, the price of the Shiba Inu (SHIB) has experienced a significant surge, resulting in a considerable number of tokens reaching their break-even point. According to market data analyzed by IntoTheBlock, over a trillion SHIB tokens have now regained their initial value as a result of recent price movements. Shiba Inu surges by 8% This impressive price movement occurred earlier today when SHIB surpassed a critical resistance level at $0.000007, leading to a notable 8% gain in the last 24 hours. Following this significant breakout, the number of SHIB tokens transitioning from losses to profits has exceeded one trillion, indicating t...

Jun 17, 2023 at 10:10 // Price Author Coin Idol The price of Quant (QNT) is rising as it makes two attempts to break through the $120 resistance level. Quant long-term price forecast: bullish The current downtrend is over after the bears retested the $100 support level twice, but the bulls bought the dips. Thank you to the corresponding upward momentum, the altcoin rose above the moving average lines and retested the resistance at $120. Nevertheless, buyers were discouraged by the recent high. At the time of publication, QNT was trading at $113.11. Th...

Bitcoin OG and educator Dan Held points out which crypto assets are most likely to avoid the ongoing SEC crackdown. Proof-of-work coins that had a fair distribution at their launch are the most likely to avoid being labeled as securities by the U.S. SEC, according to Bitcoin OG and educator Dan Held.  Last week, the SEC sued Binance and Coinbase, accusing them of offering a number of alt coins as  unregistered securities. As a result, many of the tokens mentioned in the lawsuit were delisted by major trading platforms which made their price tank. According to Held, Tokens that “had fair or transparent launches”, such as Litecoin, Dogecoin and Monero, do not match the definition of a security that the SEC is following and therefore are likely to avoid the current crackdown .  Related: SEC charges against Binance and Coinbase are terrible for DeFi “It definitely seems like the SEC has carved that out as something that they won't be going after”, he said in an exclusive interview w...

The recent outflow of altcoin liquidity from Bitcoin could have an adverse effect. Although bulls defended BTC at $29,987, the coin was deprived of demand. BTC was oversold but a short-term retracement may not be on the cards. Crypto analyst and Into The CryptoVerse CEO told his YouTube viewers that the altcoin market has given a clue on how Bitcoin (BTC) will behave in the coming months. Speaking at a  session with his community, Cowen mentioned that the broader expectation in 2023 was for the market to get “rekt”. The analyst highlighted that Bitcoin was above its bull market support band. He, however, noted that the average altcoin market was below the support band. BTC has altcoins to thank So, he concluded, “The reason that Bitcoin has gone up is not necessarily because of new money coming in. It’s more of liquidity flowing from the altcoin market to Bitcoin.” One piece of evidence of this viewpoint is the manner in which Bitcoin has correlat...

Join Our Telegram channel to stay up to date on breaking news coverage The leading luxury sportswear behemoths Nike, Adidas, and Puma, which have been competitors for decades now, appear to bring their market rivalry even in the virtual asset space. In recent weeks, the three have launched various projects in their bid to win the metaverse market. Below we will look at which brand has the higher chance of leading the metaverse market. Nike Nike, an American multinational corporation engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, has made significant moves to become the leader in the non-fungible token and metaverse. The sports apparel brand officially entered the non-fungible token and the metaverse market sometime in 2021.In December 2021, sportswear behemoth “Nike” acquired digital fashion business RTFKT for an undisclosed sum after recognizing the Web3 brand’s potential in the non-fungible token market. S...

Solana (SOL) price has not recovered from the November dip, an outcome that linked to the prolonged bear market. The absence of a proper catalyst has also left SOL overly volatile as bears and bulls grapple for control. This was seen between January 15 and June 8, when the altcoin consolidated horizontally within a fixed range. Upward, Solana price was rejected from the $26.30 resistance level while it floated above the $17.14 support level. Based on the price action within this range, SOL could be coiling up for a breakout, potentially breaching the downtrend line this time round. Already, Solana price has recovered 20% from the intra-day low of $12.80 to the current price of $14.75. As the altcoin brews a V-shaped recovery rally, investors are concerned about whether it is too late to buy SOL. Is it Too Late to Buy Solana? SOL Price Bounces 14% From Recent Bottom and This New AI Crypto Platform May Be the Next Best Performer – Here’s Why #Crypto #News Read More: ...

Also Read: Terra Classic Biggest v2.1.1 Parity Upgrade Goes Live, LUNC Price Rally 8% advertisement Bitcoin Price Reaction To Fed Decision The Bitcoin price maintained sideways momentum in its initial reaction to the rate hike pause. However, the hints of possible rate hikes later in the year may result in a pump and dump scenario for Bitcoin . Earlier, CoinGape reported that traders will be keenly looking at the Fed’s message around possibility of rate hikes in the next meeting in FOMC. It was said that the market price movements could be decided by how the US central bank forecasts about its upcoming decisions. However, a majority of the US Fed officials see possibility of rate cuts in 2024. Meanwhile, the S&P 500 Index took a sharp fall of 0.45% following the FOMC decision, whereas the Nasdaq Composite Index fell 0.52%. Also Read: Binance Looks To Deregister As Crypto Service Provider In Cyprus Recommended Articles ...