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    Some Important new development in the Crypto Space

    By Ammar Mukhtar

    Jul 28,2022

    10:26 AM UTC

    In the past 24 hours, the price of Bitcoin (BTC) has increased by almost 7%. At the time of writing, BTC is being traded at the price of $22.9k.  BTC is at the same price as it was a week ago.

    Ethereum (ETH) in the past 24 hours has increased in value by about 11.5%. The current price for one Ethereum (ETH) is $1,600. In one week, the price of Ethereum (ETH) has increased by about 9.17%.

    Crypto trading platform Kraken is being scrutinized as it is associated with abusing US sanctions by permitting clients in Iran to trade crypto.

    Web3 computerized identity platform Unstoppable Domains declared it has completed USD 65m in Series A financing driven by Pantera Capital at a USD 1bn valuation. The organization will utilize the money to fuel item advancement and develop its partnerships.

    Mining pool AntPool affirmed that it contributed USD 10m to help the Ethereum Classic (ETC) ecosystem and plans to contribute more.

    Crypto trading platform OKCoin reported that their risk team has as of late halted a multi-million scam focusing on the older, and brought back USD 1m from a sum of around USD 4.1m that was taken.

    Stablecoin Tether (USDT) said that its portfolio holds no Chinese commercial paper. Also, its overall paper has been again diminished to around USD 3.7bn.

    Blockchain project Flare Network declared its previously decentralized exchange (DEX), Pangolin Exchange, which will launch on the Flare mainnet when the mainnet itself goes live.

    Music maker Ray Illya Fraser (additionally realized by his stage name illaDaProducer) is joining NFT project Yuga Labs as the new Community and Partnerships Lead.

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