China’s social media giant, Wechat has said it will support the digital yuan in a move that is expected to increase the of Chinese residents that use the central bank’s digital currency (CBDC). Wechat’s support of the digital yuan potentially avails the digital currency to the social media’s 800 million active users. New App Provides …
Yearly archives: 2022
Game on NFT™, a Work of Art That Celebrates Bitcoin and Bitcoiners
press release PRESS RELEASE. Chicago, IL – 9th January, 2022 – Denjary Watru, the creator of the Game On NFT™ has dropped an NFT that is sure to become highly sought after by all those who know and understand Bitcoin, its implications for society going forward, and who have an appreciation for the value of …
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BitMEX Co-Founder Arthur Hayes Issues Altcoin Warning, Says Everything but Bitcoin and Ethereum Could Crash Up to 90%
Arthur Hayes, the former chief executive of crypto derivatives exchange BitMEX, is issuing a warning to investors, saying that all crypto assets apart from Bitcoin (BTC) and Ethereum (ETH) could see devastating losses. In a new article, Hayes says that if BTC and ETH dip below $30,000 and $2,000 respectively in the coming months, he’d …
What should the crypto industry expect from regulators in 2022? Experts answer, Part 2
Michelle is the CEO of the Association for Digital Asset Markets, which works in partnership with financial firms and regulatory experts to devise a code of conduct for digital asset markets. “2021 was the year Washington woke up to the digital assets industry. The year started with the rushed FinCEN “Unhosted Wallets” proposal, which the …
Bitcoin performs classic bounce at $40.7K as BTC price comes full circle from January 2021
Bitcoin (BTC) bounced off what is for some a key level on Jan. 9, closely mimicking events from September 2021. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Shorters will get rekt” at $40,700 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing course at around $40,700 to subsequently pass $42,000. The behavior, while uninspiring for …
China’s leading messaging app, WeChat to accept digital yuan settlements
WeChat Pay, the leading messaging platform in China, will start accepting digital yuan payments. This is expected to push the adoption of the e-CNY, given that the messaging app has over one billion users. WeChat to support digital yuan A report from CNBC noted that WeChat Pay will start supporting payments using the digital yuan. …
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Spanish politician wants miners migrating from Kazakhstan to move to Spain
The Bitcoin mining sector has attracted a wide range of countries that are now positioning themselves as major Bitcoin hubs. Spain is among the countries seeking to tap into this rapidly growing sector. According to Maria Munoz, a Spanish politician and a deputy of the Ciudadanos in Spain’s Congress, the relevant bodies need to make …
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VeChain Price at $0.0771 after 4.2% dip – How to buy VET
The cryptocurrency market has been making notable dips over the past few days. The dips have been attributed to a market-wide selloff, leading to most coins making notable losses. VeChain is among the coins that have given into the bearish trend across the broader market. VeChain is trading at $0.0771 at the time of writing …
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Bitcoin Leaving Exchanges, but It’s Not What You Think: Crypto Analyst Nicholas Merten
Crypto analyst Nicholas Merten says that while Bitcoin (BTC) flying out of exchanges may look bullish, there could be more than meets the eye. In a new video, Merten takes a look at a metric from blockchain tracker Glassnode that shows the supply of Bitcoin slowly declining on crypto exchanges. On the surface, the declining …
Ruling Party Sources Deny Plan to Levy 40% Tax on Crypto Yields in Turkey
The government in Turkey does not intend to impose a 40-percent levy on crypto-related gains as has been alleged, members of the ruling AKP party have indicated to the local press. They have also emphasized that the current regulatory efforts are aimed at creating a sustainable environment for the blockchain industry. Turkey to Establish Regulatory …
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Samsung Reveals Virtual Store 837X in Decentraland Metaverse With NFT Badges and Theater
After the electronics giant Samsung disclosed the firm’s upcoming 2022 smart televisions would boast non-fungible token (NFT) support, the company has revealed it has opened a virtual store inside the Decentraland metaverse. Modeled from the physical store Samsung 837, Samsung’s metaverse store is called “Samsung 837X.” Samsung Steps Into the Metaverse Samsung is all about …
Crypto Fear and Greed Index Score Hits 5 Month Low, Analyzed Sentiment Points to ‘Extreme Fear’
On January 8, 2022, the price of bitcoin dropped to $40,517 per unit just after 1 p.m. (EST) on Saturday afternoon. According to the Crypto Fear & Greed Index (CFGI), sentiment shows “extreme fear” is in the air, and the CFGI score is a 10. The last time the CFGI score was this low was …
Is the Bottom In for Chainlink? Crypto Analyst Benjamin Cowen Outlines Possible Path Forward for LINK
Popular crypto strategist and trader Benjamin Cowen is looking at the state of Chainlink (LINK) to see whether the decentralized oracle network is ready to ignite its uptrend. In a new strategy session, Cowen tells his 685,000 YouTube subscribers that Chainlink is the “light” when the crypto markets are bearish. According to Cowen, Chainlink’s performance …
Pakistan to investigate Binance for multi-million dollar crypto scam
Pakistan’s Federal Investigation Agency (FIA) reportedly issued a formal notice to crypto exchange Binance in an effort to identify links around a multi-million crypto scam in the region. The government of Pakistan started a criminal investigation after receiving numerous complaints against an ongoing scam that involved misleading investors into sending funds from Binance wallets to …
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LCX loses $6.8M in a hot wallet compromise over Ethereum blockchain
Liechtenstein-based crypto exchange LCX has confirmed the compromise of one of its hot wallets after temporarily suspending all deposits and withdrawals on the platform. The hack was first identified by PeckShield, a blockchain security company, based on the suspicious transfer of ERC-20 tokens from LXC to an unknown Ethereum (ETH) wallet. hot wallet compromised? @lcx …
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