Both the crypto and commodities markets appear to be reacting well in response to US president’s Biden speech after day one of the Ukraine-Russia crisis. The Gold price is now over $1,900 per ounce, green on the day and up 10% from its current 2022 lows of $1,780. Bitcoin has already retraced what some traders …
Monthly archives: February 2022
Governor Sununu on the Right Path but Execution Is Everything
HodlX Guest Post Submit Your Post Governor of New Hampshire, Chris Sununu, announced that he’s creating a commission to evaluate the state of cryptocurrency and make recommendations on how it can be regulated while also fostering innovation. Having spent the last six years engaged in the policy of digital assets, I have learned that the makeup …
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Block nets $1.18B Q4 gross profit marking a 47% YoY increase
Crypto-friendly digital payments tech firm Block, Inc. (formerly known as Square) posted $1.18 billion worth of gross profit in Q4, representing a growth of 47% over the same period in 2020. The firm led by Bitcoin maxi Jack Dorsey has multiple business arms including Cash App, Square, and the freshly acquired buy now pay later …
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Snow Crash’s Metaverse was filled with ads in 1992, and the real one will be too
Neal Stevenson’s Snow Crash, a techno-dystopian science-fiction novel that has become a legend among Silicon Valley tech bros, predicted the rise of a future Metaverse all the way back in 1992. Despite Stephenson saying that he was “just making sh*t up”, the eerily accurate predictions and worldbuilding of Snow Crash have been long-revered by tech …
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BitMEX founders plead guilty to Bank Secrecy Act violations
The founders of crypto exchange BitMEX have pled guilty to violating the Bank Secrecy Act after a lengthy litigation process with the U.S. Department of Justice (DOJ). American Arthur Hayes and British Hong Konger Benjamin Delo admitted to “willfully failing to establish, implement, and maintain an anti-money laundering (AML) program” at their crypto derivatives and …
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BitsCrunch raises $3.6M in funding for NFT analytics tools
Crypto and nonfungible token (NFT) ecosystem analytics firm BitsCrunch has secured $3.6 million in a funding round led by Animoca Brands, Coinbase Ventures, Crypto.com Capital, and others. BitsCrunch uses AI-based analytical tools to determine the fair price of NFTs, identify wash trading warnings, and determine whether an NFT is a copy or forgery of the …
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US Consumers Still Has Low Knowledge On Web3 – Survey Reveals
According to an online survey conducted by the National Research Group (NRG), many people still have limited knowledge about web3 solutions, although they see web2 not enough. The research surveyed 1,500 US-based consumers and showed that more awareness needs to be done about the Web3 interface. According to the findings, 54% of the respondents said …
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China Passes Law That Criminalizes Fundraising In Digital Assets
China has passed a new policy that will make fundraising with cryptocurrencies and other forms of digital assets illegal in the country. The new policy, initiated by the Chinese Supreme Court, is aimed at reducing the risk of the circulation and use of digital currencies. It also wants to prevent the absorption of funds from …
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EU securities regulator recommends ban on proof-of-work crypto
European Securities and Markets Authority is concerned over the risks bitcoin mining poses to meeting climate change goals under the Paris agreement. Erik Thedéen, the vice-chair of the watchdog, told the Financial Times in an interview that there has been a significant rise in the amount of renewable energy dedicated to crypto mining. He added …
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NFT activities increase on Ethereum as Bitcoin demands diminish on DeFi
NFT remains the dominant sector on Ethereum and is responsible for most of the transfers on the network. This is according to the newly released Coin Metrics State of Network report. To read the rest of this article, sign in or join CryptoSlate Edge. CryptoSlate Edge helps you understand the cryptoasset market more clearly. We …
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NoVa Battles: A Play to Earn Mobile Game That’s Building It’s Own Universe
press release PRESS RELEASE. NoVa Battles is a PlayToEarn mobile MOBA game developed with the core focus on implementing blockchain technology. The company started conceptualizing the prospect of a blockchain game back in 2019, after which they have been experimenting with designs, systems, and partnerships for two years. The drive to build an open ecosystem …
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India Unveils Guidelines for Crypto Advertising
The Advertising Standards Council of India has released guidelines for the advertising and promotion of crypto assets and related services. “We had several rounds of discussion with the government, finance sector regulators, and industry stakeholders before framing these guidelines.” India’s Crypto Ad Guidelines Published The Advertising Standards Council of India (ASCI) published Wednesday “guidelines for …
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US Secret Service Launches Crypto Awareness Hub to Educate the Public on Digital Asset Security
The U.S. Secret Service has launched a cryptocurrency awareness hub. The new platform “will feature the latest in the agency’s work combating illicit use of digital assets as well as provide public awareness information on digital asset security and how to ensure it remains secure.” Secret Service’s Crypto Awareness Hub The U.S. Secret Service announced …
Gemini joins Coinbase and Block at the Crypto Council for Innovation
The Crypto Council for Innovation, or CCI, has announced that Gemini will be joining its list of crypto-friendly firms aimed at supporting lawmakers on related regulation. In a Thursday announcement, the CCI said that effective as of this week Gemini has joined Coinbase, Block, Fidelity Digital Assets, Paradigm, and others in an effort to “help …
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Russian miners keep running, may see pivot to Bitcoin in response to sanctions
Russian Bitcoin (BTC) miners are reportedly running as usual despite the government’s invasion of Ukraine this week. According to estimates from the Cambridge Bitcoin Electricity Consumption index, miners in Russia accounted for around 11.2% of the global BTC hash rate as of August 2021. With sanctions on the Russian government coming from the U.S. and …
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