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Lawmakers in California State Assembly 71-0 passed the Digital Financial Assets Law, also known as AB 2269, on Tuesday, ...
09/01/2022

Lawmakers in California State Assembly 71-0 passed the Digital Financial Assets Law, also known as AB 2269, on Tuesday, Aug. 30. The bill is now in the hands of the state’s governor Gavin Newsom, who will either set it into motion or veto it completely.

This bill requires digital asset exchanges and crypto companies to have an operating license given by the state of California's Department of Financial Protection and Innovation. Any operations outside of said license will be prohibited. It would come into effect on and after Jan. 1, 2025

As Ethereum prepares to transition into a Proof-of-Stake (PoS), the world’s largest non-fungible token (NFT) marketplace...
09/01/2022

As Ethereum prepares to transition into a Proof-of-Stake (PoS), the world’s largest non-fungible token (NFT) marketplace OpenSea, has announced that it will only support Ethereum’s PoS chain, after the merge event.

OpenSea Will Support PoS After the Merge

With the Ethereum merge now only days away, OpenSea has revealed that its marketplace will support the Ethereum PoS chain only after the merge has successfully been completed.

OpenSea explained that its team has been working on the OpenSea product in preparation for the upcoming transition of Ethereum into its Proof-of-Stake chain. This is to ensure that the process is seamless.

OpenSea says that its developments towards the merge have been going smoothly and doesn’t expect any major issues for the transition. However, they remain “committed to monitoring, managing, and communicating throughout.”

No Support for Hard Forks

Cryptocurrency companies have been moving to improve compliance worldwide amid the bear market of 2022, with many platfo...
08/25/2022

Cryptocurrency companies have been moving to improve compliance worldwide amid the bear market of 2022, with many platforms increasingly securing licenses and approvals.

As one may find it difficult to track all global regulatory milestones in crypto, Cointelegraph has picked up some of the latest compliance developments over the past couple of week

The price of Chiliz (CHZ) has surged by approximately 35% week-to-date (WTD) to reach $0.26 per token on Aug. 24. In doi...
08/24/2022

The price of Chiliz (CHZ) has surged by approximately 35% week-to-date (WTD) to reach $0.26 per token on Aug. 24. In doing so, the token has outperformed Bitcoin (BTC) and Ether (ETH), which have been wobbling between gains and losses in the same period.

Depending upon the plan and the settlement price, YouHodler will calculate the estimated yield you will receive at the e...
08/19/2022

Depending upon the plan and the settlement price, YouHodler will calculate the estimated yield you will receive at the end of the plan. Once the time is up, YouHodler will look at the price of the asset and the strike price (determined at the end of the plan). The result is either of the two situations:
The strike price is higher than the initial price. If a user had deposited cryptocurrency, the original asset along with the yield generated will be deposited in their wallet in the form of the stablecoin. If the market spot price is less than the initial price of the asset, users will still receive their original investment, but receive the yield in the shape of the asset itself.

Looking at these two scenarios, no matter what the situation is, the investor always receives more than their principal amount, creating a sure-shot profit situation!

Why Dual Asset Offering is a Better Option
Today, there are tons of different crypto investment services available. Some offer extremely high returns, while some others can be too complex for an average person to comprehend. YouHodler, on the other hand, offers its Dual Asset service that is far superior to others.

The innovative crypto investment platform YouHodler has released its latest offering, the Dual Asset program which allow...
08/19/2022

The innovative crypto investment platform YouHodler has released its latest offering, the Dual Asset program which allows anyone to leverage their digital assets for a win-win scenario. The best part of the service is that, unlike other DeFi and crypto investment platforms, the YouHodler service is easy to use and even novice investors can partake in the profitable strategy

The next big event of the crypto world is nearing, as Binance Blockchain Week in Paris is going to be in full swing from...
08/19/2022

The next big event of the crypto world is nearing, as Binance Blockchain Week in Paris is going to be in full swing from September 14th. Today, the biggest crypto exchange released early bird tickets to the event. The three-day conference is limited to 4000 tickets. These can be paid by either crypto or euro. Furthermore, Binance launched a $28,500 giveaway competition for crypto enthusiasts who complete any of the 5 challenges.

BlueBenx, a Brazilian crypto lending platform, reportedly blocked all of its 22,000 users from withdrawing their funds f...
08/15/2022

BlueBenx, a Brazilian crypto lending platform, reportedly blocked all of its 22,000 users from withdrawing their funds following an alleged hack that drained $32 million (or 160 million Brazilian real). While no details about the hack were made available, the company allegedly laid off most of its employees.

BlueBenx joins the growing list of crypto companies that failed to deliver on their promise of exorbitant yield returns this crypto winter. The Brazilian crypto lender promised up to 66% returns for users investing in cryptocurrencies via various in-house earning avenues

(BTC) spiked through to $25,000 for the first time in months on Aug. 14, but traders refused to take any chances on a bu...
08/15/2022

(BTC) spiked through to $25,000 for the first time in months on Aug. 14, but traders refused to take any chances on a bull run.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
Data from Cointelegraph Markets Pro and TradingView tracked a sudden run-up on BTC/USD, which hit $25,050 on Bitstamp in a $350 hourly candle.

BTC/USD annotated chart with MACD. Source: Dave the wave/ Twitter (NYSE:TWTR)
ETH/USD 1-hour candle chart (Binance). Source: TradingView

According to research carried out in Panama, Colombia, Peru, Mexico, Chile, Bolivia, and Ecuador by the market research ...
08/15/2022

According to research carried out in Panama, Colombia, Peru, Mexico, Chile, Bolivia, and Ecuador by the market research firm Ipsos, one in ten people in the region has a digital wallet.

The ranking of the Latin American countries that use virtual wallets the most is led by Panama with a 33% preference for this financial product, followed by Colombia with 24% and Peru with 19%.

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