Day: December 16, 2021

Thailand to define ‘red lines‘ for crypto in early 2022

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The government of Thailand is preparing a new regulatory framework for cryptocurrencies like Bitcoin (BTC) in order to minimize risks and improve investor protection. The Bank of Thailand (BoT) will release a consultation paper in January that will define “red lines” for the crypto industry, governor Sethaput Suthiwartnarueput said in a Dec. 14 interview with The Bangkok Post. “We want to ensure that we strike the right balance between allowing financial innovation and managing risks,” the official stated. The new rules will provide adequate safeguards for consumers as “risks are…

Derivatives Trade Association ISDA to Develop Common Standards for Crypto Assets

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FreeRoss DAO Distributes Governance Tokens to Control $5.5M Treasury

Contributors to FreeRoss DAO were airdropped FREE tokens this morning as the collective decides on how to use its treasury to advance prison reform and free Ross Ulbricht, founder of the now-defunct influential darknet marketplace Silk Road. the $FREE token has been distributedhttps://t.co/t4vrKhNUnT — FreeRossDAO (@FreeRossDAO) December 16, 2021 FREE tokens were distributed to contributors based on their initial donations to the DAO. DAOs, short for Distributed Autonomous Organizations, are leaderless online investment or organizational collectives formed to reach a common goal. In this case, the collective is to free…

Analyst lists 21 factors calling for Bitcoin price upside — But just 4 bearish signals

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Bitcoin (BTC) traders may be experiencing some “extreme panic,” but one analyst argues that practically all the technical metrics point to price upside. Speaking to Cointelegraph on Dec. 16, filbfilb, co-founder of trading platform Decentrader, listed more than 20 signs that bullish momentum should be next for Bitcoin. “Enough there” for Bitcoin upside breakout BTC/USD gained with equities late Wednesday thanks to comments on policy from the United States Federal Reserve. Reaching $49,300, the pair then began to consolidate below the $49,000 mark, a point at which it remains at…

How Scary Is Decentralisation?

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Cryptocurrency has been the center of attention since the beginning of the pandemic, even reaching the point where Google searches for Bitcoin out weighed the searches of COVID-19. At the same time, world-class scammers have taken note of the increased interest in the sector. With the growing popularity of the crypto and blockchain industries, there has been an unprecedented rise in scammers in this space. The high-tech nature of the crypto industry combined with the limited knowledge that most possess is the perfect combination for scammers. It makes it an…

How To Stay Protected From Crypto Scams

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Crypto scams are increasingly prevalent as the surge in DeFi and NFT projects increases. From Discord server bots to imitation NFT projects on OpenSea, new ways of stealing cryptocurrencies through deceit continue to crop up. Most in the space are familiar with a typical rug pull scenario in which many invest in a new blockchain project, only for the project to later disappear and the owner to make off with all the investors’ funds. Others may have fallen victim to “pump and dump” schemes, in which wealthy holders of vast…

Beijing court rejects monetary compensation in Bitcoin mining contract plea

A district court in Beijing has rejected monetary compensation in a Bitcoin (BTC) mining contract plea against a blockchain company. The Chaoyang District People’s Court on Wednesday deemed the Bitcoin mining contract between the plaintiff and the blockchain firm “invalid,” the South China Morning Post reported on Dec. 16. The plaintiff in the case reportedly paid 10 million yuan ($1.6 million) to the blockchain firm for deployment of mining machines, but incurred losses on his investment. The Beiijng based plaintiff claimed he earned only 18.5 Bitcoin on his investment and…

Solana Leads Gains as Cryptos Recover on Fed Decision

Solana led gains among larger tokens amid a broader jump in global markets. The crypto market has added almost $59 billion in value over the past day following the U.S. Federal Reserve decision to gradually reduce stimulus benefits and taper purchases of government bonds after inflation climbed to a 39-year high. Tokens of Solana, the fifth-largest crypto by market capitalization, climbed 12% Thursday to $180. Ethereum rivals avalanche and elrond were also among top gainers in early European hours, adding 11% and 13% respectively, according to CoinGecko data. Dogecoin and…

CoinEx 4th Anniversary | Meet the CoinEx Team, from India to the World

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On the 4th anniversary of the exchange, CoinEx has also hosted offline anniversary celebrations around the world with its global partners as a gesture to thank and give back to users. On the morning of December 11, 2021, CoinEx’s Partners in India held the“Meet the CoinEx Team”meet-up to celebrate its 4th anniversary, which attracted many local users. At the meetup, CoinEx’s Indian Partners gave their blessings to CoinEx for its 4th anniversary, and Bonnie, CoinEx’s CMO, greeted the local users through a video call. The event also arranged Quiz and Lottery…

Ukrainians Offered New Crypto Services, Bitcoin Cards – Fintech Bitcoin News

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Along with the growing popularity of cryptocurrencies, Ukrainians are enjoying an expanding range of related services and products. Besides new options to buy and trade coins, crypto users in the country will be offered two cards that will allow them to spend their digital currencies in stores and online. Wirex Gives Ukrainians Access to Over 20 Cryptocurrencies, Promises Crypto Card U.K.-based crypto payment processor Wirex has allowed residents of Ukraine to purchase and exchange cryptocurrencies on its platform. The company supports more than 20 cryptocurrencies, including major coins such as…