Avalanche Plays A Game Of Bounce Or Die, Can Bulls Win This Fight?

Avalanche (AVAX) price continues to hold key support against tether (USDT) as price finds itself amid death or survival. The crypto market has become promising as most altcoins appear bullish coming out of their shells, but the likes of Avalanche (AVAX) price continue in their struggle to survive. (Data from Binance) Avalanche (AVAX) Price Analysis On The Weekly Chart  The price of AVAX has had a tough time replicating the move from a weekly low of $16 to a high of $30 as the price continues to remain dormant with…

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Trademark applications for crypto, NFTs, and metaverse surge in 2022: Report

The number of U.S. trademarks filed related to cryptocurrencies, nonfungible tokens, Web3, and the metaverse since January have reportedly passed those in 2021. According to data compiled by intellectual property lawyer Mike Kondoudis on Tuesday, individuals and businesses filed more than 3,600 trademark applications with the United States Patent and Trademark Office for cryptocurrencies and crypto-related services as of Aug. 31, compared to 3,516 in 2021. In addition, Kondoudis reported that the number of nonfungible token, or NFT, applications had surged even higher — more than 5,800 in 2022 compared…

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New finance minister Kwasi Kwarteng leaves crypto policy in the UK unclear

Recently elected Conservative Party leader and prime minister of the United Kingdom Liz Truss has appointed Kwasi Kwarteng as the country’s newest chancellor of the exchequer, or chief financial minister. In a Tuesday announcement, Truss’ office named Kwarteng as the next U.K. finance minister, replacing Nadhim Zahawi, who served as chancellor of the exchequer for three months following Rishi Sunak’s resignation in July. Kwarteng was most recently the U.K. government’s secretary of state for business, energy and industrial strategy in addition to being a Member of Parliament since 2010. The…

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Bitcoin price falls under $19K as data shows pro traders avoiding leverage longs

An $860 surprise price correction on Sept. 6 took Bitcoin (BTC) from $19,820 to $18,960 in less than two hours. The movement caused $74 million in Bitcoin futures liquidations at derivatives exchanges, the largest in almost three weeks. The current $18,733 level is the lowest since July 13 and imarks a 24% correction from the rally to $25,000 on Aug. 15. Bitcoin/USD 30-min price. Source: TradingView It is worth highlighting that a 2% pump toward $20,200 happened in the early hours of Sept. 6, but the move was quickly subdued…

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PraSaga awarded U.S. patent for placing computer operating system onto the blockchain

According to a new United States Patent and Trademark Office publication on Tuesday, Swiss-based blockchain startup PraSaga has been awarded a patent placing its operating system, dubbed “SagaOS,” on the blockchain. Titled “Systemic Extensible Blockchain Object Model Comprising A First-class Object Model And A Distributed Ledger Technology,” the methods described in U.S. patent no. 11436039B2 relate to processing multiple message passing transactions via blockchain.  At present, smart contracts only allow for processing just one transaction or action at any given time. However, PraSaga claims that its proprietary methods, as described…

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Basketball star for a crypto launderer? Alexander Vinnik’s lawyers considers prisoner swap: Report

The legal team for Alexander Vinnik, a Russian national recently extradited to the United States for his alleged role at defunct crypto exchange BTC-e, has reportedly been urging officials to consider a prisoner swap.  According to a Monday report from Reuters, a lawyer representing Vinnik called on Russian foreign minister Sergey Lavrov to conduct negotiations with U.S. officials to bring the accused Bitcoin (BTC) launderer back to his home country. Russian authorities currently have several U.S. citizens in custody under questionable charges, including basketball star Brittney Griner, educator Marc Hilliard Fogel,…

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Bitcoin ‘bear flag’ breakdown targets $15K as US dollar hits 20-year high

On Sept. 6, Bitcoin (BTC) price crumbled below $20,000 and the asset looks ready to undergo further decline in September due to a strong U.S. dollar and an ominous technical analysis pattern. Bitcoin eyes $15,000 next From a technical perspective, Bitcoin risks dropping to $15,000 or below in the coming weeks after breaking out of its prevailing “bear flag” pattern. For the unversed, bear flags form when the price consolidates higher inside a parallel, ascending range after a strong downtrend. They typically resolve after the price breaks below the lower…

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Argentine Freemasons want to put NFTs to philanthropic work

The Argentine Grand Lodge of Free and Accepted Masons is jumping into nonfungible tokens (NFTs), but with a philanthropic twist. The secretive society is releasing 77 digital art NFTs under the name CryptoMasons, with profits going back to local charities supported by the chapter.  According to the announcement, it is the first official NFT project supported by a local Grand Lodge. A Masonic Grand Lodge is the governing entity of a given fraternal freemasons group in a specific region. While this project comes from an Argentinian branch, there are hundreds…

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Russian gov’t working on stablecoin settlement platform between friendly nations: State media

Russia’s Finance Ministry has reportedly begun working with the governments of “friendly” nations to establish a cross-border stablecoin-based payments platform.  According to a Tuesday report from Russia state-owned news agency TASS, Deputy Finance Minister Alexey Moiseev said the government was looking to create the settlement platform to avoid the use of U.S. dollars and euros. The finance minister reportedly said the Russian government would need to impose additional regulations to enact the platform between itself and friendly nations — possibly including China, Belarus and North Korea. “We offer mutually acceptable…

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Hive Blockchain explores new mineable coins ahead of Ethereum merge

Cryptocurrency miner Hive Blockchain has been working to replace the mining of Ether (ETH) with other coins in the event of Ethereum’s upcoming transition to proof-of-stake, or PoS. The Canadian crypto mining firm has been analyzing options for mining with its GPU stash ahead of the Ethereum Merge, Hive said in its latest production update on Tuesday. According to the update, Hive started implementing beta-testing of various GPU-mineable coins this week as the Ethereum Merge PoS is expected to occur in mid-September. Hive’s technical division is specifically implementing a strategy…

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