U.S. Congressman Tom Emmer said FTX’s collapse was not a crypto failure; instead, it was a failure of centralized finance (CeFi), Sam Bankman-Fried, and SEC’s Chairman Gary Gensler in a Nov. 22 Fox Business interview. FTX’s collapse is not a crypto failure. It’s a failure with CeFi, @GaryGensler, and Sam Bankman-Fried. Decentralization is the point. …
Monthly archives: November 2022
Roughly 48% of Ethereum NFT trades in October were fake
Global NFT sales in October clocked in at more than $850 million over roughly 3 million total transactions. I looked into NFT wash trades last month and that research got me to look at the numbers more closely. Footprint Analytics – NFT Monthly Sales The trigger points for me to say that transactions are becoming …
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Blockdaemon on institutionalizing the blockchain space towards mass adoption – SlateCast #34
Blockdaemon is a blockchain infrastructure company established to empower crypto businesses to help them quickly deploy and iterate innovative solutions on blockchain. Glenn Woo, Head of Sales for the Asia Pacific region, joined CryptoSlate to talk about how the blockchain structure is evolving toward mass adoption. Blockdaemon is currently supporting over 60 blockchain protocols. In …
Report: Kenyan Lawmaker Proposes Introducing Crypto Income and Capital Gains Tax
According to a capital markets amendment bill reportedly sponsored by Kenyan lawmaker Abraham Kirwa, cryptocurrency holders in the country will be obliged to pay taxes on gains. In addition, the bill (if passed into law) would require crypto holders to furnish Kenya’s Capital Markets Authority with details such as “the amount of proceeds from the …
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Austrian Crypto Exchange Bitpanda Secures Trading License From Germany’s BaFin
Crypto exchange and custody platform Bitpanda announced on Nov. 22 that it had received a crypto trading license from Germany’s Federal Financial Supervisory Authority. According to Bitpanda, securing a license means it has become the “first European retail investment platform to meet BAFIN’s strict regulatory requirements.” New License Strengthens Bitpanda’s Position Austrian crypto exchange platform …
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DCG Subsidiary Foundry to Acquire 2 ‘Turnkey’ Bitcoin Mining Facilities From Compute North
Digital asset mining and staking firm Foundry has agreed to purchase two “turnkey” bitcoin mining facilities from Compute North, a bitcoin miner that filed for Chapter 11 bankruptcy protection on Sept. 22, 2022. Foundry says the two data centers have a total power capacity of around 17 megawatts (MW), and the company also has the …
Brazilian Exchange Bitpreco to Expand to Banking Services; Bets on Cashback to Counter Crypto Fears
Bitpreco, a Brazilian cryptocurrency exchange, has decided to extend its functionality to offer banking services through a new platform called Bitybank. The company, which will also open payment and digital account services, plans to attract users to crypto through cashback programs that counter the fears of users purchasing cryptocurrencies in today’s uncertain market. Bitpreco to …
RobotEra Game Will Drive Investor and Player Interest Back to The Metaverse
The term “metaverse” has undoubtedly been the talk of the market this year. The reason is simple: the metaverse has tremendous potential to develop into […] Go to Source
Solana Price Prediction for Today, 23 November: SOL Awaiting a Bullish Spark
Bulls may dominate Solana market soon Solana Price Analysis –23 November When buyers defend the support level of $12, bulls may increase their momentum, and […] Go to Source
Huobi Token Price Soars — Should You Buy HT?
Among the greatest gainers on November 22 was Huobi Global’s native cryptocurrency, the Huobi token (HT), whose price increased by more than 3% as of […] Go to Source
Top Analyst Issues Bitcoin Alert As Top Cryptocurrency Floats Above $16,000
A widely followed crypto strategist is warning Bitcoin (BTC) traders that the king crypto looks poised for another sell-off event. The pseudonymous analyst Kaleo tells his 545,700 Twitter followers that Bitcoin has taken out its diagonal support on the one-hour chart and appears ready for a steep correction to $12,500. “Zooming in, a continuation lower before …
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New York AG pushes prohibition of crypto purchases via retirement funds
The turmoil surrounding crypto exchange FTX and Sam Bankman-Fried (SBF) reaffirmed regulators’ belief about the need for stricter oversight across the crypto ecosystem. Seeking investor protection against a similar fallout, New York Attorney General (NYAG) Letitia James recommended prohibiting crypto investments in defined contribution plans and individual retirement accounts (IRAs). In a letter addressed to the …
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New York governor signs PoW mining moratorium into law
New York governor Kathy Hochul signed the proof-of-work (PoW) mining moratorium into law on Nov. 22, making it the first state in America to ban any PoW crypto mining activity for two years. The PoW mining moratorium will not only prohibit new mining operations but also refuse the renewal of licenses to those who are …
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FTX collapse triggers second thoughts on Busan City’s crypto exchange plans
The FTX crash appears to have affected not only companies and investors but also entire cities that previously became partners of the troubled cryptocurrency exchange. South Korea’s second-largest city, Busan, is reportedly reconsidering its plans to build a local crypto exchange as a consequence of the FTX collapse, the local news agency Yonhap reported on …
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PancakeSwap Price Prediction for Today, 23 November: CAKE Commences Bullish Trend
Buyers opposed sellers at the $3.7 Level in the CAKE market CAKEUSD Price Analysis – 23 November When buyers increase their momentum, CAKE will break […] Go to Source