El Salvador is experiencing a surge in tourism after it adopted the bitcoin law in the fall of 2021 and made the cryptocurrency legal tender. The country’s tourism minister Morena Valdez said that actual tourist numbers surpassed earlier projections by 30%. The country had expected 1.1 million visitors as part of the sector’s recovery but …
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A group of EU nations have reportedly been lobbying to entrust oversight of the crypto space to a new anti-money laundering (AML) agency. Behind the move are concerns that companies dealing with digital assets can be engaged in the processing of illicit funds. Germany Leads Push to Place Crypto Firms Under EU Anti-Money Laundering Supervision …
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On Tuesday, journalist Laura Shin published a story that claims to identify the 2016 Genesis DAO hacker who siphoned 3.6 million ethereum from the decentralized autonomous organization. While the story surprised the crypto community, one of the biggest eye-openers was the blockchain analysis methods leveraged, and the claim that Chainalysis allegedly “de-mixed” Wasabi transactions. Community …
Panelists from the product comparison platform Finder’s dogecoin price prediction report say that the popular meme-based cryptocurrency will reach $0.163 per unit in 2022. Finder’s recent poll concerning dogecoin’s forecasted price leverages 33 experts and by 2025, the panelists say dogecoin is expected to reach $0.316 per unit. Finder’s Dogecoin Prediction Report Shows a Lower …
AVAX, and LUNA were some of the biggest gainers in crypto markets on Wednesday, as the recent bearish sentiment has momentarily faded. As of writing, the global crypto market cap was 4.51% higher than at the same point yesterday. Terra (LUNA) AVAX is currently trading over 12% higher in today’s session, climbing to its highest …
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Tether, the number one Stablecoin issuer, has released its attestation for the last quarter of 2021 yesterday, and there were lots of interesting figures. Tether slashes commercial paper holdings The USDT issuer has reduced its reserves allocation to commercial paper by over 20%. This means that its commercial paper holding dropped to $24.16 billion from …
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Bitcoin and the rest of the crypto markets are continuing to struggle, with the bitcoin price trading down from the weekly high of $44,274 on Wednesday last week, down below the psychological $40,000 level at $36,629, as per data from Goingecko. At the moment of writing, BTC price is hanging just below $39,000, up 3.3% …
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Input Output CEO Charles Hoskinson shared his thoughts on the crypto market downturn during his latest AMA. Despite the fear and panic triggered by the threat of war and the increasingly authoritarian stance of specific regimes, he spun the situation as a necessity, or lesson to learn, to bring about the global adoption of digital …
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The founding team of the Cosmos ecosystem, “Tendermint” recently announced rebranding to “Ignite.” The new, energized brand is supposed to reflect Ignite’s lead in driving the world’s transition to a decentralized future. New brand for the new era of mainstream blockchain services “The world is at an inflection point where accelerated growth in the Web …
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Bitcoin’s recent price performance might not encourage investors, but that has not stopped them from pushing the TVL of assets locked on the Lightning network to a new high. Bitcoin’s lightning TVL spikes to new high According to available data from DeFi Pulse, the total value locked of Bitcoin on the Lightning Network has tripled …
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Luna Foundation Guard (LFG) recently completed an over-the-counter sale of LUNA–raising $1 billion from venture capital groups led by Jump Crypto and Three Arrows Capital. Established in the Republic of Singapore, LFG is a non-profit organization that formed in January to help support the growth of the Terra ecosystem, and the sustainability and stability of …
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Most people know Crypto.com as an exchange and wallet app competing with the likes of Kraken and Coinbase with a series of high-profile advertising campaigns. These include commercials featuring Matt Damon, a Superbowl halftime spot with Lebron James, and naming rights to the former Staples Center. However, the Singapore-based company has been doing much more …
Continue reading “What is VVS Finance, the largest project on Crypto.com’s Cronos chain?”
Canada’s securities regulator has flagged tweets by Coinbase CEO Brian Armstrong and Kraken CEO Jesse Powell encouraging people to use non-custodial wallets to evade freeze orders by the Trudeau government. “We are aware of this information and have shared it with the RCMP and relevant federal authorities,” said the Canadian regulator. Tweets by CEOs of …
Bitcoin was higher for a second consecutive session, as the world’s largest cryptocurrency was pushing towards the $40,000 level. Ethereum also rallied, as it moved away from its three-week low. Bitcoin Bearish pressure seems to have eased in BTC, as bulls were firmly present to start Wednesday’s trading session. Following a low below $36,400 yesterday, …
The Luna Foundation Guard (LFG) has raised $1 billion in a private token sale to allow the group to safeguard the peg of UST, Terra’s flagship stablecoin, against market instabilities. While the token has an algorithmic method to maintain its dollar value, this decentralized reserve — which will be stored in BTC — aims to …
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