Only a few years ago, China came out with the announcement that it is working on creating its own CBDC, a central bank digital currency. […] Go to Source
Monthly archives: October 2022
Western Union is seemingly preparing to delve deeper into crypto
The crypto industry has been suffering losses for nearly a full year now, and while the value of coins has gone down quite a bit […] Go to Source
The Great Blackout, AI, and cryptocurrency
At the moment, cryptocurrencies use more than 1% of the world’s energy. Although one percent itself may not be concerning, the rate of growth is. […] Go to Source
The People Want Crypto – And Regulation
HodlX Guest Post Submit Your Post A new poll shows that American voters want to see crypto regulation. The results weren’t even close, with 52% in favor of more regulation and only seven percent in favor of less regulation. Another 41% were either happy with the status quo or didn’t have an opinion either way. Perhaps the …
Phishing scammer Monkey Drainer has pilfered as much as $1M in Ethereum
An alleged phishing scammer going by the pseudonym “Monkey Drainer” has reportedly swiped around $1 million worth of Ether (ETH) via dubious copycat NFT minting websites this week. Well-known blockchain sleuth ZachXBT was one of the first to track and highlight the activity, outlining on Oct. 26 that: “Over the past 24 hrs ~700 ETH …
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Equifax—known for huge data breach—is building a Web3 KYC solution
Credit reporting company Equifax, known for suffering from one of the largest customer data breaches to date, has partnered with blockchain company Oasis Labs to build a Know Your Customer (KYC) solution. Equifax and Oasis said on Oct. 26 that the latter would be building a decentralized identity management and KYC solution for the industry …
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Asset management firm launches BTC Lightning Network startup accelerator
Asset management firm Stone Ridge, the parent company of Bitcoin company NYDIG, has launched the first startup accelerator that focuses on the Bitcoin Lightning Network and the Taro protocol, called In Wolf’s Clothing (Wolf). The accelerator consists of 8-week programs in which the best founders and startup teams from around the world will be brought …
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Hong Kong could be key for China’s crypto comeback: Arthur Hayes
Arthur Hayes, the former CEO of crypto derivatives giant BitMEX, believes the next crypto bull run will start when China moves back into the market, and Hong Kong has a vital part to play in this process. In his Oct. 26 blog post titled “Comeback”, Hayes outlined why he thinks the Hong Kong government’s announcement …
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Google Admits Crypto Winter Is Hurting Ad Business
The digital asset market downturn that started the current crypto winter is negatively affecting search spending, Google has acknowledged. Ad growth in the third quarter fell to a low seen only once in almost a decade, the tech company revealed this week. With Fewer Crypto Ads, Google Registers 6% Ad Revenue Growth in Last Quarter …
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Economist Peter Schiff Warns the US Dollar Will Crash — Says ‘We’re Going to Default’
Economist Peter Schiff has warned that the U.S. dollar will crash. Noting that the U.S. is “in a much bigger fiscal mess than Great Britain,” with a much bigger debt problem, Schiff stressed: “Can we possibly repay this debt? Of course not. Repaying the debt is impossible. So, what’s going to happen? We’re going to …
JPMorgan CEO Jamie Dimon: US-China Tensions, Russia-Ukraine War ‘Far More Concerning’ Than Recession
JPMorgan Chase CEO Jamie Dimon says the tensions between the U.S. and China and the Russia-Ukraine war are “far more concerning than whether there’s a mild or slightly severe recession.” He stressed: “I would worry much more about the geopolitics in the world today.” JPMorgan Boss Jamie Dimon Warns of Something ‘Far More Concerning’ Than …
Andreessen Horowitz big entry into cryptocurrency happened at the worst moment
No investor made more bets on the cryptocurrency market last year as prices skyrocketed than Andreessen Horowitz. Thanks in large part to a 50-year-old partner […] Go to Source
Aussie federal budget reaffirms BTC won’t be treated as foreign currency
The first federal budget under the Anthony Albanese led-government has outlined that Bitcoin (BTC) will continue to be treated as a digital asset, and not taxed like a foreign currency. This clarification comes in response to El Salvador’s adoption of BTC as legal tender in September last year, with the Australian government essentially ruling out …
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Binance Coin Price Prediction for Today, October 27: BNB Hikes Toward $300
Binance Coin Price Prediction – October 27A buying spree in the BNB/USD market operations has increased as the crypto-economic market hikes toward the $300 trading […] Go to Source
Ethereum Classic Flashes Bullish Signs As Volume Rises; Will $32 be breached?
ETC’s price shows strength as it bounces from a downtrend range with high volume, aiming for a rally to $30. ETC faces a major test to trend higher above $30 after the price broke out of its descending triangle price movement. ETC’s price remains strong below the 50 and 200 Exponential Moving Averages (EMA) as …
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