The Securities and Exchange Commission (SEC) has refused to approve a Bitcoin exchange-traded fund (ETF) application before it, instead choosing to postpone its decision again. SEC asks for comments on Bitwise ETF application Available information from a recent filing from the regulator revealed that it has postponed its decision on the proposal of Bitwise Asset …
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On February 2, 2022, the blockchain infrastructure provider Alphapoint has announced that the Salvadoran government has chosen the firm to operate the bitcoin wallet Chivo. The bitcoin wallet is the largest fintech application in the country and Alphapoint “supports the frontend and backend infrastructure that powers the wallet and integrates the entire ecosystem.” Alphapoint to …
During the last year, Bitcoin — the cryptocurrency network that leverages proof-of-work (PoW) to process transactions and secure the protocol — has received a lot of criticism about its environmental impact. This week, the cryptocurrency firm Coinshares published a report that shows talking points condemning the network’s electrical consumption have been greatly exaggerated. According to …
Hump-day provided a hurdle for cryptocurrency prices, which mainly consolidated, after a strong start to February. Bitcoin and ethereum were both trading lower during today’s session. Bitcoin BTC/USD followed up yesterday’s rally with a weak showing on Wednesday, falling by as much as 1.13% as of writing. This decline saw prices hit an intraday low …
India’s finance secretary has confirmed that it is not illegal to buy or sell crypto assets in India. Regarding cryptocurrency regulation, “the government’s approach is to consult widely and also to look at what’s happening internationally,” he explained. Crypto Is Not Illegal in India, Official Confirms Following the announcement on cryptocurrency taxation by Indian Finance …
Blockchain is among six emerging technologies that will be prioritized by the Kingdom of Saudi Arabia (KSA)’s IT decision makers in 2022 and beyond, according to a recent study. Effect of Covid-19 The government of Saudi Arabia’s IT decision makers have named blockchain as one of the six technologies they plan to prioritize in 2022 …
Thailand is stripping back its plan to impose a 15% tax regime on crypto gains made in the country after crypto traders in the country kicked against the move according to a report from the Financial Times. Thailand cancels 15% crypto tax regime The report said that tax officials in the country declared that people …
Stablecoin USDC is getting increasingly popular among crypto users and ditto institutions, so much so that USDC, the second-largest stablecoin by market cap, is on a steady streak narrowing the distance to market leader, Tether’s USDT. Just this week, USDC broke the $50 billion mark chasing USDT’s $70 billion in total market cap. Deployed in …
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Wilder World has partnered with one of the crypto industry’s leading security and hardware providers to build a home in the metaverse. As more brands, individuals and organizations jump into the metaverse, reputable crypto companies are choosing where to make their home. From Samsung in Decentraland, Enjin in Bloktopia and now Ledger in Wilder World, …
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Crypto exchange Gemini recently announced a major sponsorship deal with Real Bedford FC, joining the growing list of industry partners, whose support of the small UK football team with “Bitcoin at its heart” will rise to the Premier League. Last December, famous Bitcoin bull Peter McCormack acquired the non-league football team in his hometown, and …
A Tanzanian fintech startup revealed it has raised $10 million in its latest funding round and is planning to use the funds to finance an expansion into other African countries. Fintech Plans to Enter 12 More Countries by Year’s End The Tanzanian fintech behind an app that enables payments from the U.K. to Africa, Nala, …
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The DIAN, the Colombian tax authority, has announced it is taking special measures to tighten controls on taxpayers currently using cryptocurrencies to transact. With these actions, the organization seeks to detect any taxpayers that have used crypto assets and failed to report these activities, or reported them erroneously. This action seeks to thwart cryptocurrency-related tax …
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NFT3, a virtual identity network for Web3, has completed a $7.5 million seed funding round led by Animoca Brands. The round saw participation from a dozen more leading investors, including DFG Group, CMS Holdings, LD Capital, and Prometheus Labs Ventures. The platform will use the funding to further develop its decentralized identity solutions and pair …
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DeepDAO, a data aggregator and analytics tool, has launched the first specialized search engine for the DAO ecosystem. With over 4,100 DAOs and 1.6 million people holding governance tokens, it’s becoming increasingly hard to navigate this complex, emerging world. DeepDAO’s proprietary search engine was desgined to provide those participating in the DAO ecosystem with an …
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Bitcoin is now into its 12th week of the prevailing drawdown since the all-time-high, and derivatives traders are betting on more downwards movements by the premiere cryptocurrency. Meanwhile, on-chain demand models suggest a more bullish undertone is in play, according to on-chain analysts Glassnode. “As a percentage of the Bitcoin market cap, open interest in …
Continue reading “Is Bitcoin in for a short Squeeze? 4 bullish trends to look out for”
