Veteran hedge fund manager Ray Dalio says that financial markets are shifting into a new era as crypto assets may become more vulnerable to government regulations. In a new interview on The David Rubenstein Show, the billionaire says that the days of “cheap money” are ending as the Federal Reserve loses the ability to create …
Monthly archives: February 2022
GALA gains 177% in February as P2E crypto gaming goes mainstream
The play-to-earn (P2E) gaming sector of the cryptocurrency ecosystem has been one of the most resilient sectors to the volatility and price declines seen in the past couple of months as gamers are jumping on the ability to earn income while playing tokenized videogames. One project that has seen its token price climb rapidly in …
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Stop listening to celebrities for financial advice, says Binance Super Bowl campaign
From NFL players accepting their salaries in cryptocurrency and Tom Brady founding his own nonfungible token (NFT) marketplace to the NFL providing Super Bowl attendees with customized NFTs, the National Football League and the blockchain community seem to have embraced each other. As Super Bowl LVI approaches this Sunday, there is one thing fans can be …
Law Decoded: Tangible wins, new menaces and the global crypto taxation drive, Feb. 1–7
Every global event or major political crisis these days can trigger a digital asset-related conversation. As China welcomes the world’s top athletes to the Beijing 2022 Winter Olympics, showing off ultra-high-tech facilities and sports infrastructure, some United States politicians have raised concerns over the Games’ potential to act as a booster to the digital yuan’s adoption. …
XRP gains 30% after Ripple gets permission to explain ‘fair notice defense’ vs. SEC
Ripple (XRP) price rose by nearly 30% in less than a week amid positive sentiment around the court case, in which the U.S. Securities and Exchange Commission (SEC) claims that Ripple sold XRP as illegal securities. SEC vs. Ripple Judge Analisa Torres has granted Ripple permission to respond to the SEC’s Memorandum of Law in …
Texas senator Ted Cruz bought the last Bitcoin dip
According to a financial disclosure filed on February 4, US senator Ted Cruz bought the last Bitcoin dip. The filing shows that the Texas Republican bought between $15.001 to $50.000 worth of Bitcoin on January 25, and used the brokerage River to make the transaction. Cruz joins the US Senate Bitcoin boosters Until recently, Wyoming’s …
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GoFundMe’s wretched treatment of Canadian truckers was the best advert for Bitcoin
GoFundMe’s poor treatment of Canadian truckers, and their donors, has Bitcoin poised and ready to plug the gap. GoFundMe accused of fraud and deception In a show of (true) democracy and free speech, Canadian truckers took it upon themselves to protest against vaccine passports and mandates. What was initially termed a “fringe minority” of people …
Russian lawmaker proposes 15% tax on crypto miners
Russia May Criminalize Illegal Cryptocurrency Activities Maintaining its positive, yet careful, stance on cryptocurrencies, the Russian Ministry of Internal Affairs is considering making all unauthorized cryptocurrencies a criminally-liable offense, according to local outlet Izvestia. 2 min read Go to Source
ENS’ Brantly Millegan fired by DAO over controversial tweet
In a tweet posted in 2016, Brantley Millegan, as of now-former Director of Operations and DAO Steward of the ENS DAO, expressed controversial opinions on the subjects of HBTQ persons, transgenderism, abortion, and more. Millegan, a member of the Catholic faith, and whose Twitter bio states “Catholic, husband, father”, has not shown any regrets regarding …
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Crypto Economy Recaptures $2 Trillion, Bitcoin Moves Back Into the World’s Top 10 Most Valuable Assets
The crypto economy has jumped back above the $2 trillion mark after falling below that value in mid-January. Statistics indicate that the USD value of all 12,440 coins across 544 crypto exchanges is worth $2.08 trillion, up 5.2% during the last 24 hours. Crypto Economy Moves Northbound Past the $2 Trillion Mark Digital currency values …
Bitcoin, Ethereum Technical Analysis: Bitcoin Hits $43,000 After Tesla Announcement
Following a strong weekend, bitcoin’s surge continued to start the week, as Tesla announced close to $2 billion worth of holdings in BTC. Overall, crypto markets were around 3% higher on Monday. Bitcoin Bitcoin, which consolidated for the majority of last week, moved closer to a three-week high today, climbing by as much as 3% …
The Miner Capitulation Number: A Look at When Bitcoin’s Price Crashed Below the Cost of Production
Over the last 30 days, Bitcoin’s hashrate has been coasting along at the highest levels ever recorded during the network’s lifetime. Bitcoin’s price improved recently but it is still down 38% from the crypto asset’s high, making bitcoin less profitable to mine. However, bitcoin mining is still profitable, in contrast to ten years ago, when …
CryptoAltum Launches Zero Fee ‘CryptoConvert’ and Lists Doge and Shiba on MT5
press release PRESS RELEASE. When it comes to the cryptocurrency industry, it is absolutely vital to be able to convert one cryptocurrency, token or coin for another in an effective, seamless and easy to understand fashion. After all, it is this conversion ability that makes the crypto sector so attractive, as individuals often want and …
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Nigerian Blockchain Advocacy Group Says ‘Crypto Is Legit’ — Calls for Regulation of Industry
The Nigerian blockchain advocacy group, the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN), has said crypto is legit and must be regulated. The group adds that any such regulation should on one hand encourage innovation, but discourage bad actors on the other. Equal Access to Banking and Financial Services The Nigerian blockchain advocacy group, …
Macro Strategist Lyn Alden Warns of Potential Bitcoin Capitulation, Says 2022 Not Bullish for BTC
Macro strategist Lyn Alden says that she is not particularly bullish on Bitcoin in 2022, and warns that BTC is still susceptible to a capitulation event. In a new interview with Stansberry Research, Alden says that she’s looking at the Purchasing Managers’ Index (PMI) to determine the general trend for Bitcoin. The PMI is an …