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Showing posts from January, 2022

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Deloitte: 82% of Indians Surveyed Plan to Invest in Crypto Once Government Provides Regulatory Clarity

on January 31, 2022

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US Senator: ‘America Competes Act’ Is a Direct Attack on Crypto Industry, Government Is Picking Winners and Losers

on January 31, 2022

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Ubisoft Executive Thinks Players Reject NFTs Because They Don’t Understand Benefits

on January 31, 2022

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Crypto Exchange Binance Restricts 281 Nigerian Accounts — Some Requested by International Law Enforcement

on January 30, 2022

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Crypto Ban in Russia Can Have Opposite Effect, Medvedev Warns as Opposition Mounts Against Proposal

on January 30, 2022

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IMF Tells El Salvador: Costs of Making Bitcoin Legal Tender Exceed Potential Benefits

on January 30, 2022

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Visa Partners With Over 65 Crypto Platforms — Crypto-Linked Card Usage Soars Despite Price Volatility

on January 29, 2022

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Russian Government Drafts Roadmap to Regulate, Not Ban Crypto, Report Unveils

on January 29, 2022

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Bitcoin, Ethereum Technical Analysis: Bitcoin Moves Higher as Crypto Markets Rebound on Saturday

on January 29, 2022

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Nigerian Users Tell Binance ‘Stop Scamming’ — Exchange Platform Rejects Accusation

on January 28, 2022

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Barstool Sports Blog Founder Dave Portnoy Spends a ‘Cool Million’ on 29 Bitcoin

on January 28, 2022

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Cryptsy CEO Indicted for Defrauding Crypto Investors, Destroying Evidence

on January 28, 2022

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UAE Based Money Transfer Firm Announces Partnership With Ripplenet

on January 28, 2022

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IRS Special Agent on Crypto: ‘We See Mountains of Fraud in This Area’

on January 27, 2022

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78 Days: Measuring the Extended Crypto Market Downturn Against Prior Bear Markets

on January 27, 2022

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Precious Metals, Cryptocurrencies, Stock Markets Falter Following Powell’s Rate Hike Statements

on January 27, 2022

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Ripple Scores $15 Billion Valuation — CEO Says Financial Position Is Strongest Ever Despite SEC Lawsuit Over XRP

on January 26, 2022

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FTX US Raises $400 Million in Series A, Trading Platform’s Valuation Now $8 Billion

on January 26, 2022

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Net Inflows Into Largest Gold ETF Surge Amidst Falling Stocks and Crypto Prices

on January 26, 2022

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Trump Family Threatens Legal Action Over Trumpcoin Crypto — Says ‘We Do Not Authorize the Use’

on January 25, 2022

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Technical Analysis: Meme Coins, Avalanche Move Higher on Tuesday

on January 25, 2022

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Oman Invites Bids From Firms Interested in Creating Regulatory Framework for Virtual Assets

on January 25, 2022

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Goldman Sachs Sees the Metaverse as $8 Trillion Opportunity

on January 24, 2022

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Technical Analysis: Cosmos Climbs Higher, While Solana’s Fall Continues

on January 24, 2022

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Binance Becomes the Blockchain and Cryptocurrency Industry’s First to Join the National Cyber-Forensics and Training Alliance (NCFTA)

on January 24, 2022

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Mercadolibre Gets Closer to Crypto With Investments in Paxos and Mercado Bitcoin

on January 23, 2022

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29 Crypto Exchanges Survive New Regulation in South Korea, 37 Exchanges Must Shut Down

The deadline for crypto exchanges and service providers in South Korea to meet requirements to stay open under the new regulation has passed. Twenty-nine cryptocurrency exchanges met the deadline to continue operations but only four of them can offer trading in Korean won. New South Korean Crypto Regulation in Effect The Act on Reporting and Using Specified Financial Transaction Information requires crypto exchanges to obtain Information Security Management System (ISMS) certification and submit a report to the country’s Financial Intelligence Unit (FIU) by midnight on Sept. 24. Exchanges that want to offer trading in Korea won must also form a partnership with a local bank to offer real-name accounts to users. The Financial Services Commission (FSC), South Korea’s top financial regulator, said Saturday that 29 crypto exchanges are ISMS-certified and submitted a report to the FIU before the deadline. Their submissions will be processed within three months. Only four out of 29 exchange

Tezos NFT Market Hic et Nunc Returns After Founder Steps Back, Begins Transition to DAO

Last week, the popular Tezos-based non-fungible token (NFT) marketplace Hic et nunc discontinued its services following the market’s rise into the top twenty NFT marketplaces by sales volume. After the market’s founder Rafael Lima stepped back, the community decided to take the project into their own hands and has begun transitioning Hic et nunc into a decentralized autonomous organization (DAO). Tezos Community Bands Together Around NFT Marketplace Mirror On November 14, Bitcoin-Tidings.com News reported on the Tezos fueled NFT marketplace Hic et nunc shutting down its services. At the time, Hic et nunc’s founder Rafael Lima explained on Twitter that Hicetnunc.xyz was now “discontinued.” The founder’s Twitter handle “ @hicetnunc2000 ” also left a message on social media that shared the market’s smart contract address. At the time, users were extremely confused about the situation and speculation started to rise. Days later, it seems the Hic et nunc has banded together around a clon

Report: Leading NFT Marketplace Opensea Presented With $10 Billion Valuation, Investors Are ‘Clamoring’

On November 17, a report disclosed that the leading non-fungible token (NFT) marketplace, Opensea, is “fielding new investment offers” according to two unknown sources familiar with the matter. The investment could propel Opensea’s valuation by six times to a $10 billion market valuation, according to the sources. Report Claims Opensea Offered a $10 Billion Valuation During the first week of November, the popular NFT marketplace Opensea surpassed $10 billion in all-time sales, according to statistics from dappradar.com. At the time of writing, dappradar.com metrics indicate Opensea’s all-time sales equate to $11.11 billion today. Now, according to a report published by theinformation.com’s Kate Clark and Berber Jin, Opensea is fielding new investment offers and a new investment could make the company’s market valuation rise to $10 billion. The two sources told Clark and Jin that the NFT marketplace did not “initiate” the financing as the people familiar with the matter stressed, “in

LBank Exchange Will List LMCSWAP on November 15, 2021

PRESS RELEASE. INTERNET CITY, DUBAI, Nov. 15, 2021 – LBank Exchange, a global digital asset trading platform, will list LMCSWAP (Limocoin Swap) on November 15, 2021. For all users of LBank Exchange, the LMCSWAP/ USDT trading pair will be officially available for trading at 21:00 (UTC+8) on November 15, 2021. In the ever-evolving African continent, blockchain technology and crypto are changing its economic landscape dramatically. Limocoin Swap (LMCSWAP) is a token created to allow, by the principle of crypto assets, the evolution of market solutions. The LMCSWAP token will be listed on LBank Exchange at 21:00 (UTC+8) on November 15, 2021, to further expand its global reach and help it achieve its vision. Introducing Limocoin Swap Limocoin Swap is based on a strong community built in four years by one of the subsidiaries of the parent company SIMTREX COMMERCIAL BROKERS LLC, GIT S.A. The premium product Liyeplimal is a private investment tool in the cryptocurrency industry, through its

Iconic Staples Center, Home of Los Angeles Lakers, Changing Name to Crypto.com Arena

Staples Center, one of the most iconic and globally recognized sports and entertainment arenas in the world, is changing its name to Crypto.com Arena. Crypto.com has also become an official cryptocurrency platform partner of the Los Angeles Lakers and the LA Kings. Staples Center’s New Name Is Crypto.com Arena AEG, the owner of Staples Center, and Crypto.com “have launched a historic, 20-year naming rights agreement that will rename the AEG-owned and operated Staples Center,” both companies independently announced Tuesday. Located in downtown Los Angeles, the 20,000-seat, award-winning arena described itself as “one of the most iconic and globally recognized sports and entertainment arenas in the world.” It serves as the official home of the National Basketball Association (NBA) teams Los Angeles Lakers and LA Clippers as well as the National Hockey League (NHL) team LA Kings and the Women’s National Basketball Association (WNBA) team Los Angeles Sparks. Crypto.com has agreed to pay mo

Houston Rockets Partner With Bitcoin Company NYDIG in Sponsorship Deal

NBA basketball team the Houston Rockets has partnered with NYDIG, a leading bitcoin solutions provider, to be the team’s official bitcoin services partner. The deal will provide the team with cryptocurrency-related opportunities and give NYDIG exclusive exposure in the team’s social, digital, and arena platforms. The full amount of the sponsorship, which was not disclosed, is being paid in bitcoin. NYDIG Forges Crypto Services Partnership With the Houston Rockets NYDIG, the bitcoin services company, has forged a sponsorship deal with the Houston Rockets, the two-time NBA champion basketball team. The deal will allow NYDIG to be the official bitcoin services partner and bitcoin platform of the team, meaning that the company will have exclusive access to several spaces of the franchise, including social, digital, and in-arena platforms. The Houston Rockets will also work with NYDIG to expand knowledge and awareness about the cryptocurrency world and the uses of these new investment tool

Bank of England’s Cunliffe: Crypto Threat to Financial Stability ‘Getting Closer’ — Urges Regulators to Act Now

Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that cryptocurrency is getting closer to posing a threat to global financial stability due to the sector’s rapid growth. Crypto is also being integrated into the traditional financial system at a rapid rate. He urges regulators to take action now. Bank of England’s Jon Cunliffe Warns Crypto Is Closer to Becoming a Threat to Global Financial Stability Sir Jon Cunliffe, Bank of England’s deputy governor for financial stability, talked about bitcoin and cryptocurrencies in general on BBC’s Today program Monday. He warned that cryptocurrencies, including bitcoin, are getting closer to becoming a threat to global financial stability due to their rapid growth. Cunliffe said: My judgement is they’re not, at the moment, a financial stability risk, but they are growing very fast, and they’re becoming integrated more into what I might call the traditional financial system. The Bank of England official warned

Blockchain-Based Social Network Viblos to Launch Beta Version in March 2022

PRESS RELEASE. In today’s day and age, social networks play an immense part in people’s lives. However, some privacy issues and other concerns have surfaced and become problems that many centralized bodies have yet to address. Somewhat unexpectedly, the need for a decentralized network has emerged, leaving many to try and grab a piece of the pie. With the fierce battle for market dominance that’s about to take place, some projects are trying to get the upper hand by launching certain incentives. Such is the case with Viblos — a social network that aims to become “the place to be” for users striving for democratized free social networks and provides its users with various streams for earning passive income. Viblos’ next-gen tokenized network to arrive next year The team behind the project announced the initial launch of its next generation tokenized social interaction platform earlier this month. Users will be able to employ the beta version as of March 2022, while the full rollout is

Marathon Plans to Raise $500 Million From Convertible Senior Notes to Buy Bitcoin and Mining Rigs

On Monday, the enterprise bitcoin mining operation Marathon Digital Holdings announced the firm will raise $500 million from convertible senior notes in order to accrue more “bitcoin or bitcoin mining machines.” Publicly-Listed Mining Operation to Raise $500M From Debt Markets to Purchase Bitcoin and ASIC Devices Marathon ( Nasdaq: MARA ), is one of the largest U.S. mining operations and on November 15, the firm revealed it plans to utilize debt markets for “general corporate purposes, including the acquisition of bitcoin or bitcoin mining machines.” The news comes after significant growth during the course of 2021 and at the end of October, Marathon disclosed it had mined 417 bitcoin ( BTC ). With over $457 million worth of bitcoin held in its coffers, the 417 BTC revenue was considerably larger than the month prior. “As in prior months, our bitcoin production was impacted by maintenance-related outages at the power plant in Hardin, MT and increases in the total network hash rate,”

DOJ Selling Cryptocurrency Seized From Bitconnect Worth $56 Million

The U.S. Department of Justice (DOJ) is selling cryptocurrency worth $56 million that was seized from the “number one promoter” of Bitconnect, the largest crypto fraud scheme ever charged criminally. Investors were fraudulently induced to invest over $2 billion. The Bitconnect promoter faces a maximum penalty of 20 years in prison. US Selling Crypto Worth $56M Seized From Bitconnect’s ‘Number One Promoter’ The U.S. Department of Justice announced Tuesday that it is selling $56 million in seized cryptocurrency to compensate victims of the Bitconnect fraud scheme. The Justice Department noted that “The Bitconnect scheme is the largest cryptocurrency fraud scheme ever charged criminally.” U.S. District Judge Todd W. Robinson granted a request from the DOJ and the U.S. Attorney’s Office for the Southern District of California on Friday “for authority to liquidate approximately $56 million in fraud proceeds seized from the self-described ‘number one promoter’ of Bitconnect, a cryptocurrency

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