The Federal Reserve (Fed) had its January Federal Open Market Committee (FOMC) meeting on Wednesday and the crypto market tumbled afterward. The Fed’s move, although hawkish, wasn’t a complete surprise. As the Fed promises to modulate interest rates in order to achieve its goals of raising employment and getting price stability, investors responded with fear. …
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Small-time bitcoin miners are making headlines for essentially hitting the jackpot by mining full blocks all on their own. In what has become a modern-day ‘gold rush’, bitcoin enthusiasts are now taking to booting up small USB miners will tiny hash rates to try their luck in what is eerily similar to buying lottery tickets. …
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The IRS is hot on the trails of cryptocurrency and non-fungible tokens. They see these as fertile grounds for fraud, including tax evasion, market manipulation, and money laundering. Unfortunately, whether it’s a celebrity or not, people are always susceptible to getting into the trap. The popularity of digital assets has created a new challenge for …
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NFT marketplace OpenSea has backflipped on a controversial decision to limit the number of NFTs and collections creators can mint using its smart contract. The platform previously allowed unlimited collections and items, but changed its policy to only allow five NFT collections with 50 items per collection when using OpenSea’s collection storefront contract. The unexpected …
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Joe Biden’s White House is expected to issue an executive order in the coming weeks about actions the U.S. government will take regarding digital assets. A source “familiar with the White House’s plan” told Barron’s that the executive order would be issued in a national security memorandum. Biden’s memorandum would assign some government entities to …
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Macro investment strategist Lyn Alden says she would be surprised to see Bitcoin (BTC) drop below $20,000. In a new interview, Alden says that Bitcoin is less likely to have extreme price swings now that the market is maturing. “I’d be somewhat surprised to see a sub 20,000 print. I don’t rule it out as …
Popular gaming crypto The Sandbox (SAND) is partnering up with a global venture company to open an acceleration fund for developing metaverse start-ups. According to a news release, SAND has committed $50 million to Hong Kong-based accelerator company Brinc for The Sandbox Metaverse Accelerator Program, which will invest $250,000 in 100 new metaverse altcoins. The …
Flushing Financial Corporation, the parent company behind New York-based Flushing Bank has partnered with crypto firm New York Digital Investment Group (NYDIG) to offer Bitcoin (BTC) services to its customers. The bank was founded in 1929 and according to its Q4 report it held more than $8 billion worth of assets at the end of …
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Ether (ETH) price tumbled below the $3,000 support on Jan. 21 as regulatory uncertainty continues to weigh down the sector and rumors that the United States Securities and Exchange Commission is reviewing DeFi’s high-yield crypto lending products continue to circulate. On Jan. 27, the Russian Finance Ministry submitted a crypto regulatory framework for review. The …
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According to both Cardano Blockchain Insight and pool.pm, the Cardano (ADA) network has maintained record capacity for nearly two weeks due to the launch of decentralized exchange, or DEX, SundaeSwap, the first of its kind to go live on Cardano. At the same time, the total value locked for the ADA blockchain reached a record …
In a blog post published Wednesday, Vitalik Buterin, co-founder of Ethereum (ETH), expressed his wishes to make nonfungible tokens, or NFTs, soulbound as with the namesake item class in popular MMORPG World of Warcraft, or WoW. In outlining his reasons, Buterin explained that if someone shows they own an NFT that is obtainable by doing …
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The Google-owned video site YouTube could support non-fungible tokens, according to a letter from its CEO. YouTube could soon add non-fungible tokens or “crypto-collectibles” as a source of revenue for content creators, according to a letter from the company’s CEO. CEO Susan Wojcicki wrote in a letter published on Jan. 25 that YouTube will “help …
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Vladimir Putin, the president of Russia, during a video conference held on 26th January, has told the government officials that Russia bears certain “competitive advantages” in mining cryptocurrencies such as Bitcoin. He also added the government should conduct several discussions on the matter to reach a satisfactory “consensus.” Putin offers hope to Russian crypto investors. …
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Famous actor Johnny Depp is set to release a collection of non-fungible tokens that feature his friends and heroes in the artwork he personally created. A collection of 11,111 non-fungible tokens called “Never Fear Truth” are set to launch. The NFTs feature portraits of friends and heroes created using artwork from Depp that was animated …
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As the dust settles on the recent Crypto dot com hack, observers wonder how thieves managed to crack security procedures to steal millions in crypto. Crypto dot com has not released precise details on how hackers managed to bypass security. To read the rest of this article, sign in or join CryptoSlate Edge. CryptoSlate Edge …
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