The cryptocurrency market has experienced another rollercoaster week that saw Ether (ETH) price drop below $3,000 and Bitcoin (BTC) price hit a new multi-month low at $37,700. Equities markets also endured a sharp sell-off primarily due to investor fear over potential changes to the size of the Federal Reserve’s next rate hike. To date, Bitcoin …
Monthly archives: April 2022
Panama’s legislature approves bill regulating crypto
Lawmakers in Panama have passed a bill that will regulate cryptocurrencies, including Bitcoin, in the Latin American country. In a Thursday tweet, Panamanian pro-crypto congressperson Gabriel Silva said lawmakers had approved the “Panama Crypto Law” following a third debate. According to Silva, the law will “help Panama become a hub of innovation and technology in …
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FinCEN acting director says PATRIOT Act provision isn’t ‘right sized’ for crypto enforcement
Him Das, the acting director of the United States Financial Crimes Enforcement Network, or FinCEN, said some of the government bureau’s tools to fight money laundering and terrorism financing may be ill suited for crypto. In a Thursday hearing of the House Financial Services Committee on “Oversight of the Financial Crimes Enforcement Network,” Das addressed …
Flare Collaborates With Algorand To Build Decentralized Bitcoin Exchange
Flare Network has entered into a grant partnership from Algorand Foundation to develop a bridge Bitcoin. The supergrant will allow Flare Network to connect the Bitcoin network with Algorand. The partnership is intended to foster the growth of the Algorand ecosystem and the overall DeFi industry. The Project To Boost Algorand’s Interoperability Flare also stated …
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Bank Of Spain Says More European Crypto Users Want Decentralized Services
Spain’s central bank recently completed a study that shows that unbacked cryptocurrencies and DEXs are very popular in the European crypto space. The bank released a document on April 26 showing published reports of how Europeans and Spaniards have been using crypto assets during the past year. According to the report, Europeans prefer unbacked crypto-assets …
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City Of Fort Worth Partners To Set Up A Bitcoin Mining Program
Fort Worth, Texas has announced a partnership with the Texas Blockchain Council for the launch of a Bitcoin mining pilot program. The resolution was approved to start operating three Antminer S9 Bitcoin miners, which were donated by the Texas Blockchain Council. Fort Worth Pushes To Become A Tech Hub According to the report, the pilot …
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Solana DAOs to receive notifications through calls and texts
Solana decentralized autonomous organizations (DAOs) are pushing harder to foster governance voting. The Notifi Network is planning to boost the rate of participation in governance voting. Solana DAOs focus on governance voting The Notifi Network is launching with Solana DAOs to use leading centralized platforms used by the Web3 community, such as Discord and Telegram, …
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Dubai real estate developer accepts Bitcoin and Ether for luxury houses
DAMAC Properties, a real estate developer, based in Dubai, has announced plans to accept Bitcoin and Ethereum for its luxury homes. DAMAC Properties was created in 2002 by billionaire Hussain Sajwani. DAMAC Properties accepts BTC & ETH DAMAC Properties has a huge presence in Canada, the Middle East and the United Kingdom. The company is …
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Hong Kong Monetary Authority issues warning on stablecoins
The Hong Kong Monetary Authority (HKMA) has released a warning saying that stablecoins posed a risk to the stability of the Hong Kong dollar. The institution released the warning during a discussion paper for its central bank digital currency (CBDC). HKMA issues warning on stablecoins Hong Kong has joined the list of jurisdictions showing an …
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Michael Saylor says Bitcoin is an ideal asset for retirement
Michael Saylor has said that Bitcoin is the best asset for retirement. Saylor was referring to the recent announcement by Fidelity that it would include Bitcoin in its 401(k). Saylor is a big supporter of Bitcoin. Saylor has purchased large amounts of Bitcoin through MicroStrategy, and he is among the top Bitcoin whales. Saylor has …
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Lucky Block adds Welterweight champion Florian Marku to boxing roster
Lucky Block has announced a partnership with Florian Marku, a popular boxing champion. The partnership will allow Lucky Block to work with Marku to promote its cryptocurrency project and bring the boxing sector into the buzzing cryptocurrency space. Lucky Block partners with Florian Marku Lucky Block’s partnership with the Welterweight Champion and leading MMA fighter …
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Coinbase-Backed Portal Announces Partnership With Mintlayer in a Major Push for Bitcoin-Based DeFi
April 28, 2022 – San Francisco, California Portal, a self-hosted wallet and true cross-chain layer two DEX built on Bitcoin, officially announces its collaboration with Mintlayer, a Bitcoin sidechain protocol that aims to bring decentralized financial markets to the masses. The partnership will bring Portal’s uncensorable cross-chain DEX functionality to Mintlayer, giving new impetus to …
European Central Bank Rep Says Satoshi Doesn’t Understand Money and Payments, Urges Global Crypto Regulation
A high-ranking official at the European Central Bank (ECB) says that pseudonymous Bitcoin (BTC) creator Satoshi Nakamoto didn’t have an “in-depth understand” of money issues while developing BTC. In a new speech at Columbia University, ECB executive board member Fabio Panetta argues that Nakamoto’s dream of creating trustworthy money remains illusory. “Satoshi Nakamoto – or …
Cake DeFi Introduces New Product ‘Borrow,’ Enabling Users To Maximize Their Returns
April 28, 2022 – Singapore, Singapore Cake DeFi, a Singapore-based fintech platform that makes DeFi (decentralized finance) services and applications accessible to everyone, is thrilled to introduce a new product called ‘Borrow’ to give its users novel opportunities to strengthen their crypto portfolios and potentially boost their returns. The new product enables users to borrow …
H2O, the First Non-Pegged Stable Asset for the Web 3.0 Data Economy, Is Here
April 27, 2022 – Toronto, Canada After eight busy months of hard work, the H2O team announced the launch of H2O, an important milestone for the entire Web 3.0 data economy. H2O is a non-pegged and decentralized stable asset backed by OCEAN. H2O is now live on Ethereum mainnet. Across all industries, the transformational power …
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