6 Best New Cryptocurrency Australia to Buy 2022

With the growing popularity of cryptocurrencies, investors from all over the world are looking to buy the best new cryptocurrency assets in 2022.

BNB Chain aims to raise 30K new Web3 developers across Latin America in 2022

BNB Chain prepares to launch a Web3 development course for Latin American students as the region continues to be a hub for adoption and crypto-related activity.

Bitcoin Miners Suffer Over $1 Billion Loss In Q2 2022

After incurring a number of impairment losses brought on by the decline in cryptocurrency prices, the three biggest US publicly traded Bitcoin mining companies lost more than US$1 billion in the second quarter.

Former Navy SEAL and Author Willard Chesney Joins CBS SEAL Team Actor Justin Melnick With NFT Collection Release on the ReserveBlock RBX Network, Proceeds To Benefit the Boot Campaign

August 16, 2022 – Miami, Florida Former Navy SEAL operator and author Willard Chesney, the dog handler on the historic raid on the Osama Bin Laden compound, along with Justin Melnick, who plays Navy SEAL dog handler ‘Brock Reynolds’ on the CBS hit television series ‘Seal Team’ are banding together to release an exclusive NFT […] The post Former Navy SEAL and Author Willard Chesney Joins CBS SEAL Team Actor Justin Melnick With NFT Collection Release on the ReserveBlock RBX Network, Proceeds To Benefit the Boot Campaign appeared first on The Daily Hodl.

Is Bitcoin really a hedge against inflation?

Bitcoin is working as a hedge against inflation despite its 2022 weak price performance, says Steven Lubka, managing director of private clients at Swan Bitcoin. While Bitcoin (BTC) has failed in countering this year's rampant global inflation, it should still be considered as an inflation hedge, says Steven Lubka, the managing director of private consumers at Swan Bitcoin. According to Lubka, Bitcoin works well as a hedge against rising prices when inflation is caused by monetary expansion.

Optimism fading? Regulatory discussion on stablecoins postponed until Fall

While there is no shortage of legislative initiatives to regulate stablecoins, the idea of the American CBDC remains problematic. Among a rich range of anxieties both for the crypto industry and the global economy at large, the summer of 2022 will be remembered as the time when the stablecoins proved themselves to be not so stable and thus came into the focus of regulators’ attention. The shock of the TerraUSD (UST) depegging in May opened a season of heated-up discussions on stablecoins around the world.

Brazil's Digital Banking Platform Nu Holdings Adds 5.7m new customers in Q2

Nu Holdings has added 5.7 million new customers in the second quarter of 2022.

Oraichain Introduces Accelerator Program for DApps Building on Its AI Layer One Ecosystem

August 15, 2022 – Singapore, Singapore Oraichain, the world’s first AI layer one for data economy and oracle services, has announced the ‘Oraichain for DApps accelerator program’ and its mission to accelerate expansion within its avant-garde AI layer one infrastructure.

Binance obtains in-principle approval to operate in Kazakhstan

The major crypto exchange has secured regulatory approval in 2022 to operate as a digital asset service provider in France, Bahrain, Spain and Dubai. The Astana Financial Services Authority, or AFSA, an independent financial regulator in Kazakhstan, has taken a step towards licensing major cryptocurrency exchange Binance to operate in the country.In a Monday announcement, AFSA said it had granted in-principle approval toward Binance operating as a digital asset trading facility and providing custody services in the Astana International Financial Centre, a financial hub in the capital city of Nur-Sultan.

Galaxy Digital terminates BitGo acquisition, citing breach of contract

After announcing plans to acquire BitGo in May 2021, Mike Novogratz’s Galaxy Digital has eventually dropped the deal but is still pursuing a listing in the United States. After more than a year of efforts to acquire the digital asset custodian BitGo, Mike Novogratz’s cryptocurrency investment firm Galaxy Digital has decided to drop the acquisition.Galaxy has terminated the BitGo acquisition, citing a breach of contract, the firm officially announced on Monday.According to the statement, Galaxy exercised its right to terminate the deal in line with the acquisition agreement after BitGo failed to deliver audited financial statements for 2021 by July 31, 2022.

Samsung Next exec argues Web3 projects must face the challenge of utility

Raymond Liao believes 2022 is a good time for product builders and investors to focus on the Web3 space. While Web3 has shown a lot of potential from its inception to today, some still believe that there is a challenge that players in the space must face, which is utility, according to a Samsung Next executive. In an interview, Raymond Liao, the managing director at Samsung Next, talked about the company's move to dive into Web3 by investing in MachineFi, a term coined by the IoTeX project to describe a futuristic paradigm in which machines become the primary workforce powered by Web3 technologies.According to Liao, Samsung Next focuses on investing in blockchain, artificial intelligence, and Metaverse, on naming a few, and this is why MachineFi has become an area of interest.

Celestia: Launching a blockchain to be as easy as deploying a smart contract

New crypto project wants to give online communities their own sovereignty by easily deploying their own blockchain with their own rules Developers and communities will be able to deploy their own sovereign, custom-made blockchains at the “click of a button” says Celestia co-founder Ismail Khoffi. Speaking with Cointelegraph at Korean Blockchain Week 2022 last week, Khoffi said that the project’s vision is to decouple the consensus and application execution layers to unlock new possibilities for decentralized app builders.

Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value

2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year.

Hackers Have Drained $1.4 Billion Worth of Crypto Since the Beginning of 2022 (Research)

Attacks on Ronin Bridge, Harmony, and Nomad, among others, have resulted in losses of $1.4 billion worth of cryptocurrencies.

Coinbase posts $1.1B loss, Polygon DApps rocket 400% in 2022 and Elon Musk says inflation is on the decline: Hodler’s Digest, Aug 7-13

Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week.

Russia's Central Bank Plans to Launch its CBDC-Digital Ruble across all Banks in 2024

The Bank of Russia launched a digital ruble experiment in 2022 to explore business models and innovative use cases for central bank digital currencies (CBDCs).

Bitcoin mining revenue jumps 68.6% from the lowest-earning day of 2022

Since July 2022, the Bitcoin ecosystem recovered across numerous determinants, including miners’ revenue in dollars, network difficulty and hash rate. The Bitcoin (BTC) mining industry endured immense financial stress throughout the year 2022 as a prolonged bear market directly impacted their earnings when translated to the US dollar.

GAIMIN’s Early Access Event Opens Its Platform and Monetization App to Gamers

PRESS RELEASE. Zug, Switzerland, 12th August 2022: GAIMIN announces the opening of its gaming and monetization platform to the gaming community.

Crypto Biz: A Futurist take on crypto

The 2022 Blockchain Futurist conference in Toronto, Canada wrapped up this week.

1INCH might face short-term bearish retracement- Here's why

The crypto market’s bearish performance in the first half of 2022 saw 1INCH extend its retracement from its all-time high (ATH) by as much as 93%. Despite this outcome, the network maintained strThe post 1INCH might face short-term bearish retracement- Here's why appeared first on AMBCrypto.

Russia plans to roll out digital ruble across all banks in 2024

Bank of Russia started CBDC testing in 2022 and expects to implement an official banking rollout in the year of presidential elections in 2024. The Bank of Russia continues working towards the upcoming adoption of the central bank digital currency (CBDC), planning an official digital ruble rollout in a few years.According to the Bank of Russia’s latest monetary policy update, the authority will begin to connect all banks and credit institutions to the digital ruble platform in 2024.

New Crypto Exchange Platform Bitflex Launches Futures Trading Competition with $15,000 Prize Pool

PRESS RELEASE. Seychelles, August 2022 – Bitflex Ltd., a secure crypto trading exchange currently specializing in crypto derivatives, has announced the launch of a new trading competition with a prize pool of $15,000.

Seedify Makes a “Bonus Snapshot” Airdrop Available for its Upcoming Token Eligibility

[PRESS RELEASE – Please Read Disclaimer] In case you missed the first snapshots, Seedify $SFUND stakers and farmers have been given an additional (and final) opportunity to receive more $SNFTS before the airdrop that will take place on the 21st of August 2022 on Seedify’s NFT Launchpad.

Study: Number of People Working in Blockchain Industry Went up by 76%, Large Gap in Demand for Technical Talent Exists

The number of people working in the blockchain industry went up by 76% year-on-year as of June 2022, a study undertaken by the professional networking platform Linkedin and the crypto trading app OKX has found.

Core Scientific Records $862m Loss in Q2, follows by 10 % Workforce Laid off

Core Scientific announced its second quarter 2022 update and said it was laying off 10% of its workforce as it reported an $862 million quarterly loss due to impairments such as goodwill and digital assets.

Bitcoin Miner Genesis Digital Assets Secured 708 MW in Capacity During the First Half of 2022

This week the bitcoin mining company Genesis Digital Assets announced that the firm has secured 708 megawatts (MW) in capacity and revealed plans to create 130 full-time jobs in the United States.

Cross-chains in the crosshairs: Hacks call for better defense mechanisms

Cryptocurrency security firms, decentralized finance and cross-chain platforms are stressing the importance of improved defense mechanisms after a spate of hacks and exploits targeting the ecosystem. 2022 has been a lucrative year for hackers preying on the nascent Web3 and decentralized finance (DeFi) spaces, with more than $2 billion worth of cryptocurrency fleeced in several high-profile hacks to date.

Metaverse, Web 3.0 Disruption and Blockchain Advancement To Be Discussed at MetaWeek in Dubai

August 11, 2022 – Dubai, United Arab Emirates The MetaWeek conference will take place on September 11-14, 2022.

DAM Finance Receives Strategic Investment From Arrington Capital Moonbeam Growth Fund

August 11, 2022 – Miami, Florida dPRIME Asset Modules Finance (‘DAM Finance’ or ‘DAM’), a protocol for creating purchasing power from cross-chain token portfolios, is pleased to share that it has received funding from the Arrington Capital Moonbeam Growth Fund.

Billionaire Mike Novogratz Says Ethereum’s Comeback Is Not Over Yet – Here’s His Target

Galaxy Digital founder and CEO Mike Novogratz says Ethereum (ETH) possesses more upside potential even after surging by over 90% from its 2022 low reached in June.