Day: December 10, 2021

Bitcoin.com Wallet Adds Support For Multisig (Shared) Wallets – Promoted Bitcoin News

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The Bitcoin.com Team is excited to announce support for shared (multisig) wallets for Bitcoin and Bitcoin Cash in the Bitcoin.com Wallet. That means you can protect your most valuable wallets with a unique form of two-factor authentication, set up a corporate treasury, safely introduce your kids to Bitcoin, and more. What Are Shared Wallets? Standard crypto wallets use one private key to access and send transactions while shared wallets require two or more private keys to access the funds connected with the wallet. Private keys in shared wallets are often…

Virtue Gaming launches play-to-earn crypto model to bring online poker to US players

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On Friday, Virtue Gaming, a decentralized online poker platform built on the Ethereum (ETH) blockchain, launched the first play-to-earn digital poker casino in the United States. In the U.S., only six states (Nevada, Delaware, New Jersey, Pennsylvania, West Virginia, and Michigan) have legalized and currently regulate online poker. The country has been slow to act on the subject due to concerns that international poker platforms would take revenue away from domestic, land-based gambling venues. Moreover, even in the states listed, poker platforms must obtain licenses from each individual jurisdiction to…

Bitcoin jumps past $50K as US CPI data shows highest inflation in nearly 40 years

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Bitcoin (BTC) surged over $1,000 in seconds on Dec. 10 as the United States Consumer Price Index (CPI) data showed inflation in November was worse than anticipated.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView November CPI conforms to expectations Data from Cointelegraph Markets Pro and TradingView showed BTC/USD running to $50,132 on Bitstamp as the data became public Friday. An hour before the Wall Street open, the pair had already hit its highest level in over 24 hours. CPI had been hotly awaited by both crypto and traditional finance analysts alike,…

US Inflation Rate Surges to 6.8% in November, a 4-Decade High; Bitcoin Jumps

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After the release of the October CPI data, bitcoin shot up by almost $3,000 to quickly print a new all-time high of $68,950. But within a few hours, the move reversed completely, and prices fell as more traders shifted to focus on the logical consequence of faster inflation: monetary-policy tightening by the Federal Reserve that might crimp demand for riskier assets from stocks to cryptocurrencies. Original

India’s Modi Calls For Global Crypto Standard

Indian Prime Minister Narendra Modi called for the creation of a global standard for technologies, such as social media and crypto. At the Summit for Democracy, Modi said that emerging technologies, such as crypto, should be used to empower democracies not undermine them. The Prime Minister’s remarks came as the government is preparing to introduce a crypto bill in the winter session of the parliament. The government had reportedly submitted a draft bill looking to ban all private cryptocurrencies. However, the bill is yet to be introduced to the parliament…

Crypto market eyes recovery ahead of key US inflation data release

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Growing inflation has become a mounting concern for nations around the world, especially the United States.  The U.S. has seen one of the sharpest rises in consumer inflation over the past year. Lawmakers around the globe have claimed that they didn’t see the inflation coming, but people often draw their attention towards the seeming unrestricted money printing spree throughout the pandemic. The U.S. has printed 35% of the total U.S. dollar in circulation in 2021 alone which has played a key factor in record-breaking inflation. Market pundits expect a 6%…

Cardano Launchpad Flickto Brings Media Financing To The Masses

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Not a lot of projects possess the ability to be convincing at first glance but Flickto has managed to pull this off. One look at the Flickto project conveys its mission to potential investors and that is to help creators produce their work. Flickto has recognized that there is a gap to be filled in the media space when it comes to financing and has taken steps to bridge this gap. Flickto enables Cardano users to fund media projects in return for a reward. This way, the media launchpad is…