Cyprus is moving to regulate the cryptocurrency industry, with the country’s finance ministry releasing a national risk assessment on crypto. Published on Monday, the official documentation provides a risk assessment for the Republic of Cyprus regarding money laundering risks related to virtual asset activities and virtual asset service providers (VASPs). The Ministry of Finance of Cyprus …
Continue reading “Cyprus’ finance ministry recommends ‘capacity building’ for crypto”
Wells Fargo has partnered with HSBC to use its blockchain tools for the settlement of bilateral foreign exchange (FX) transactions. Wells Fargo would use the HSBC-developed FX Everywhere platform for interbank FX transactions. Developed by HSBC in 2018, the blockchain settlement platform is used primarily to settle transactions between banks within the HSBC group. The …
Continue reading “Wells Fargo partners with HSBC to settle FX transactions using blockchain”
Decentralized oracle service Umbrella Network has launched a new accelerator program for projects looking to build data pipelines to the cryptocurrency market, a process that many within the industry believe is necessary to grow the emerging domains of blockchain gaming, DeFi and the Metaverse. The $15 million accelerator program intends to fund companies that are …
Continue reading “Umbrella Network launches $15M oracle accelerator program”
A closely followed crypto strategist is predicting epic rallies for Polkadot (DOT) in 2022 while expecting a sharp recovery for Bitcoin (BTC). Pseudonymous trader Capo tells his 220,800 Twitter followers that he sees interoperable blockchain Polkadot surging by as much as 2,471% from its current price of $26.25 by May next year. “DOT chart hasn’t changed, …
Cardano (ADA) may rally by nearly 30% in the coming days as it hints at forming a classic bullish reversal pattern. Sharp ADA rebound underway Dubbed “triple bottom,” the pattern typically occurs at the end of a downtrend and consists of three consecutive lows printed roughly atop the same level. Meaning, triple bottoms indicate sellers’ …
Continue reading “Cardano: ADA price eyes 30% rally with a potential ‘triple bottom’ setup”
Dogecoin (DOGE) saw a sudden price increase on Dec. 14 after Tesla CEO Elon Musk announced that Tesla would begin accepting it for some purchases. DOGE/USD 1-hour candle chart (Bittrex). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed DOGE/USD climbing over 25% to become the only major cryptocurrency to deliver gains on the day. The …
German savings banks are planning to allow customers to invest in major digital currencies like Bitcoin (BTC) and Ether (ETH) directly from checking accounts. Savings banks in German-speaking countries, also known as Sparkassen, are working on a pilot to launch an in-house cryptocurrency wallet and exchange next year, local business magazine Capital reported Dec. 13. …
Continue reading “German savings banks want to enable Bitcoin for 50M clients”
The Sandbox co-founder Sebastien Borget wants to defend the metaverse from Big Tech giants aiming to make a foray into the nascent market. In a recent interview, Borget said that he is not very keen on Big Tech companies such as Meta joining the metaverse. He explained further that major technology companies could threaten the …
Continue reading “The Sandbox co-founder wants to defend metaverses against Big Tech”
Popular cryptocurrency analyst and trader Michaël van de Poppe is exploring what’s in store for one of the top Ethereum competitors next year. In a new strategy session, the crypto analyst tells his 155,000 YouTube subscribers that both Avalanche (AVAX) and fellow layer-1 smart contract platform Solana (SOL) have grown in popularity this year as …
Tesla CEO Elon Musk believes that Bitcoin (BTC) is not that good for everyday payments as the meme-based cryptocurrency, Dogecoin (DOGE). Musk compared the world’s largest cryptocurrency, Bitcoin, to DOGE in a Time Magazine interview shortly after being named Time’s 2021 Person of the Year. “Bitcoin is not a good substitute for transactional currency. Even …
Continue reading “Dogecoin is better than Bitcoin for payments, Elon Musk declares”
Sportswear manufacturer Nike announced the acquisition of virtual sneakers and collectibles brand RTFKT. Nike becomes the biggest U.S.-based athletic products manufacturer through this partnership to join the metaverse bandwagon. A Cointelegraph report from Nov. 02 highlighted Nike’s submission of requests for patenting the words — namesake, swoosh logo and just do it — for use …
Continue reading “Just did it: Nike enters the metaverse game following RTFKT acquisition”
Bitcoin (BTC) could see its last day of downside as buyers line up to cash in on Wednesday’s Federal Reserve meeting. On Dec. 14, bids began increasing on major exchange Bitfinex in a conspicuous sign that the market believes BTC/USD is destined to gain. Time to “sell the rumor, buy the news”? The Fed will …
HodlX Guest Post Submit Your Post Since the earliest full-fledged NFT was announced to the world at DEVCON in October 2015, NFTs have experienced exponential growth – generating over $10 billion in the third quarter of 2021. NFTs are practical because they can represent anything from precious metals to in-game items. These digital assets create unique …
Starting Today, Monday December 13, transfer DESO into your Coinbase Pro account ahead of trading. Support for DESO will generally be available in Coinbase’s supported jurisdictions with certain exceptions as indicated in each asset page here. Trading will begin on or after 9AM Pacific Time (PT), Tuesday December 14, if liquidity conditions are met. One of …
Continue reading “Decentralized Social (DESO) is launching on Coinbase Pro”
The second most popular NFT collection, Bored Ape Yacht Club, is back on the news. On the one hand, a deadly mistake cost a pseudonymous user more than $250K. On the other, a feelgood story of a diamond-hand holder that minted a Bored Ape seven months ago and just sold it for over $1M. Or …
Continue reading “A Bored Ape NFT Sold For 0.75ETH By Mistake. Another Sold For 347ETH, But Wait…”
