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Showing posts from February 26, 2023

Monetary policy of cryptocurrencies, explained

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Monetary policy for cryptocurrencies is a game-changer — with fixed supplies and decentralized control, they challenge traditional monetary policy tools. via Cointelegraph.com News https://ift.tt/b2uwOLB

The crypto industry has 'already started' moving outside US, says Ripple CEO

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Ripple's CEO Brad Garlinghouse stated that the SEC's lawsuit against Ripple is the regulator playing "offense" and "attacking" the industry as a whole, believing it could put the U.S. at "severe risk." via Cointelegraph.com News https://ift.tt/tYnHsPN

Bitcoin Price Prediction as Tether Fear Uncertainty and Doubt Sends BTC to $22,000 Level – Where is BTC Heading Now?

The price of Bitcoin has been highly volatile in recent days due to the uncertainty surrounding Tether, the world's largest stablecoin. Tether has been facing legal issues, which have led to fear, uncertainty, and doubt in the cryptocurrency market, causing BTC to drop to the $22,000 level.  Meanwhile, several well-known cryptocurrencies, including Litecoin (LTC) and Dogecoin (DOGE), have also seen slight price declines.... Read More: Bitcoin Price Prediction as Tether Fear Uncertainty and Doubt Sends BTC to $22,000 Level – Where is BTC Heading Now?

CZ denounces false rumor 'widely' spread on China's WeChat

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A Metamask security analyst stated this event was the “2023 adaptation of attempted market manipulation.” via Cointelegraph.com News https://ift.tt/yE7R1Fa

Lido’s LDO Token Sinks 10% Following Rumors Crypto Staking Service Received SEC Notice

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Crypto podcaster David Hoffman spread (and then retracted) a rumor that the SEC had delivered a Wells Notice to the decentralized staking service. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/ezirIxa

Nifty News: Dan Harmon’s NFT show set for season 3, NFT-friendly Square Enix CEO steps down and more…

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Square Enix’s NFT-friendly CEO is stepping down, but it may not impact the firm’s NFT plans, while Disney-backed Baobab Studios' first NFT drop sold out ahead of its upcoming RPG game. via Cointelegraph.com News https://ift.tt/3Xe0a6g

Bitcoin Price and Ethereum Prediction: Choppy Sessions Continue, Will There be a Weekend Breakout?

Bitcoin (BTC) and Ethereum (ETH) have been experiencing a lack of volatility, with both cryptocurrencies fluctuating between gains and losses. As of now, it remains uncertain whether there will be a significant price movement during the weekend. Previously, the BTC/USD prices traded choppily between a narrow range of $22,000 to $22,500.   Let's look at the market's fundamental and technical side.... Read More: Bitcoin Price and Ethereum Prediction: Choppy Sessions Continue, Will There be a Weekend Breakout?

Galaxy tips Bitcoin NFT market to hit $4.5B by 2025

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Galaxy’s estimation was based on the rapid uptick of interest in Bitcoin NFTs, currency market infrastructure, and the potential to take some market-share away from Ethereum. via Cointelegraph.com News https://ift.tt/GMe4oia

Silvergate Closes SEN Platform Institutions Used to Move Money to Crypto Exchanges

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Silvergate Bank announced Friday it was suspending its "Silvergate Exchange Network" (SEN) "effective immediately." via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/UDe5H7s

Ethereum’s Deflation Rate Hits New Yearly Highs – Here’s Where the ETH Price is Headed Next

The rate at which the Ether supply is deflating recently reached its highest level of the year. On Wednesday, the Annualized EIP-1559 Burn Rate surpassed the ETH Issuance Rate by 1.425%, the most since a quirk last May where the deflation rate rose above 17% for just one day. When the deflation rate increases, that means that individual ETH tokens are becoming scarcer at a faster rate. Most analysts think this ought to boost the cryptocurrency’s price in the long run.... Read More: Ethereum’s Deflation Rate Hits New Yearly Highs – Here’s Where the ETH Price is Headed Next

SEC Official Says Binance US Is Operating 'Unregistered Securities Exchange'

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A U.S. Securities and Exchange official said agency staff believe Binance US is operating an unregistered securities exchange in the U.S. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/OLZRGpX

Bitcoin Bulls Getting Excited as Key On-chain Metrics Trend Higher – Further BTC Price Rally Incoming?

Bitcoin bulls are licking their lips as they look at various widely followed metrics of on-chain activity. The world’s first cryptocurrency and largest by market capitalization is already up over 40% this year, but that rally could extend in the months ahead if positive on-chain trends continue, assuming macro headwinds as the US Federal Reserve continues to tighten monetary policy don’t get too severe.... Read More: Bitcoin Bulls Getting Excited as Key On-chain Metrics Trend Higher – Further BTC Price Rally Incoming?

Binance 'not planning any layoffs,’ 500 roles to be filled in H1

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A Binance spokesperson told Cointelegraph that they hired 600 people since January and have no imminent plans for layoffs. via Cointelegraph.com News https://ift.tt/aEBt14n

Founder of Blur, the Pro NFT Marketplace Driving Billions in Trades, Reveals What's Next

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Blur co-founder Pacman, who recently revealed himself to be 24-year-old Tieshun Roquerre, spoke to CoinDesk about the creator royalty dilemma, platform fees and creating long-term value for users. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/QoXTvcP

How a Price Battle Between Two Heavyweight NFT Exchanges is Pumping Prices

Despite the prices of most major cryptocurrencies stagnating over the course of the last 30-days, with the likes of Bitcoin and Ethereum only up a respective 1.7 and 4.0% and BNB and XRP down 3.9% and 7.0% each according to CoinMarketCap, the prices of non-fungible tokens (NFT) have been pumping. According to NFT Price Floor, the price floor to get your hands on an NFT from the Bored Ape Yacht Club (BAYC) collection has jumped 17.5% over the course of the last 30-days to $117,750.... Read More: How a Price Battle Between Two Heavyweight NFT Exchanges is Pumping Prices

FTX presentation shows 'massive shortfall' in firm's assets

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FTX and FTX US together have billions in deficits in their exchange wallets and fiat accounts, uncovered in a "huge effort" according to the exchange's CEO. via Cointelegraph.com News https://ift.tt/hGKVWcH

What Now for Crypto Banking?

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Regulators are leery of traditional banks offering services to crypto companies, and wary of specialist crypto banks, like Custodia, with new business models. Frances Coppola asks: Where do we go from here? via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/zQwXYS4

Decentralized finance to be examined at inaugural CFTC tech advisory meeting

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A panel at an upcoming advisory meeting for the financial regulator will “explore issues in decentralized finance.” via Cointelegraph.com News https://ift.tt/B5gSdAx

Bitcoin Holds Strong Over $23.6K to Continue Recent Consolidation

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DeFi giant Maker’s MKR token surged nearly 19%. Equities turned mixed amid ongoing investor worries about inflation. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/jk8cPyF

The Bitcoin Market’s Return to Profitability in 2023 is a Massive BTC Bull Signal, Widely Followed On-chain Indicator Suggests

Bitcoin’s ferocious January price rally launched much of the market back into profitability for the first-time months. The Bitcoin market’s return to profitability is seen in the resurgence in the price, last at around $23,500, above the so-called “Realized Price”, which is the average BTC price at the time when each BTC token last moved.... Read More: The Bitcoin Market’s Return to Profitability in 2023 is a Massive BTC Bull Signal, Widely Followed On-chain Indicator Suggests

Silvergate stock plunges 31% after delayed filing raises doubts over future

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Crypto-friendly bank Silvergate has delayed its 10-K filing, which reveals the financial health of the company. The news has sent its stock price down 31%. via Cointelegraph.com News https://ift.tt/a9eoLRz

Australia’s Central Bank Taps Mastercard and Others to Test CBDC Use Cases

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The Reserve Bank of Australia has revealed a set of projects that will develop use cases for a digital dollar, the eAUD, during its testing phase, currently underway. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/dH59B8z

Number of Bitcoin Wallets With At Least 1 BTC Could Soon Hit a Million – How Could That Impact the BTC Price?

Bitcoin bear markets are almost always viewed in a negative light. Net worth evaporates and more recent investors in the world’s largest cryptocurrency by market capitalization often find themselves deeply in the red on their initial investment. But 2022’s bear market looks to have been a boom for one particular investor cohort. That is, the cohort of retail-sized crypto believers looking to get their hands on at least one BTC token.... Read More: Number of Bitcoin Wallets With At Least 1 BTC Could Soon Hit a Million – How Could That Impact the BTC Price?

France on the verge of passing stringent crypto firm licensing laws

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The bill was passed with a vote of 109 in favor and 71 against and will now rely on the approval of president Emmanuel Macron to be signed into law. via Cointelegraph.com News https://ift.tt/5COJuDq

Crypto Market February Roundup: Bitcoin Layer 2 Protocol Stacks, Ethereum Staking Derivative Tokens Surge

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Stacks’s STX token was the biggest winner among 160 assets in the CoinDesk Market Index, soaring 216% during the month. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/92HjQ7L

Marathon Digital bungles crypto impairment sums, will reissue financials

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The Bitcoin miner received a letter from the SEC on Feb. 22 which highlighted accounting mistakes it made on multiple financial disclosures. via Cointelegraph.com News https://ift.tt/04jy5VR

First Mover Asia: NFTs Have a ‘Digital First Sale’ Problem

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ALSO: Short interest is rising on China tokens while bitcoin treads water just above $23,000. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/5u2IvMC

Ex-Biden Adviser Said Administration Was Pushing for Digital Dollar

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A recent top economic advisor for President Joe Biden, Daleep Singh, told U.S. senators on Tuesday that the administration was in active pursuit of a digital dollar as a means to crowd out private cryptocurrencies that enable ransomware and sanctions violations. via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/AQnwcFb

Bitcoin Volatility Expectations Fall Sharply After BTC Price Failure to Break $25K

This time last week, Bitcoin looked like it might be on the verge of mustering a key short-term bullish breakout. The world’s largest cryptocurrency by market capitalization had formed a bullish short-term ascending triangle pattern and looked like it was about to break above the key $25,200-400 area, opening the door for a quick run higher towards the next major area of resistance around $28,000.... Read More: Bitcoin Volatility Expectations Fall Sharply After BTC Price Failure to Break $25K

DCG losses top $1B on the back of 3AC collapse in 2022

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via Cointelegraph.com News https://ift.tt/U4LEuIW

Mitsubishi, Fujitsu and Other Tech Firms to Create ‘Japan Metaverse Economic Zone’

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via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/wXNdnm3

Yuga Labs Announces Generative Ordinals NFT Collection on Bitcoin Blockchain

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via CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data https://ift.tt/LPy2hds

Robinhood subpoenaed by SEC over crypto listings and custody

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via Cointelegraph.com News https://ift.tt/wodOXaI

Exclusive: How NFTs Can Revolutionize Startup Funding – Interview with Daniel Tenner

At the Blockchain Economy London Summit, Cryptonews had the opportunity to sit down with Daniel Tenner, the founder of Pledg3r and GrantTree, to discuss the game-changing potential of non-fungible tokens (NFTs) in the world of startup funding.  During the interview, Tenner shared his expert insights on how NFTs can offer a unique fundraising model for businesses, and how this innovative technology can benefit both startups and investors.... Read More: Exclusive: How NFTs Can Revolutionize Startup Funding – Interview with Daniel Tenner