Day: December 26, 2021

Bitcoin’s Price Remains Boxed In Below $51K Over Holiday Weekend

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On Wednesday, we recapped how Tesla’s bitcoin acceptance and Coinbase’s direct listing helped send bitcoin’s price to a new all-time high near $65,000, which turned out, in hindsight, to be the market peak. Today, we’ll show how some traders and investors began to cash out in April and May as concerns mounted over U.S. capital gains taxes, bitcoin’s environmental footprint and an outright crypto ban in China. It seemed like the fear, uncertainty and doubt – FUD, or crypto-speak for negative news – was coming all at once. Original

Iran Orders Crypto Miners to Halt Operations to Prevent Winter Blackouts – Mining Bitcoin News

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Authorities in Iran have again told licensed miners to suspend their activities in the face of electricity shortages during the cold winter months. Following a period of similar restrictions this past summer, authorized companies were allowed to resume mining in September. Crypto Mining Farms in Iran to Shut Down During Winter Expecting energy needs across the country to increase with low temperatures in the coming months, the Iranian government is now taking steps to limit consumption and avoid an electricity deficit. Just like earlier this year, the measures will affect…

UAE to Jail Promoters of Fraudulent Cryptocurrency Schemes for Five Years, Offenders to Pay Over $270K in Fines – Regulation Bitcoin News

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Fraudsters promoting online cryptocurrency scams in the United Arab Emirates (UAE) now face a possible five-year jail sentence plus a fine of up to $272,000, according to a report. The new measures, which are set to take effect on January 2, 2022, are part of the government’s effort to protect people from online scams. New Measures Seek to Protect Internet Users As part of UAE’s new online security laws which go into effect on January 2, 2022, promoters of online cryptocurrency scams now face a possible five-year jail term and…

7 NFL players that chose crypto over cash salaries

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For NFL fans, 2021 was a great year. Stadiums returned to capacity crowds after the 2020 season was shortened with limited attendance. Stadium parking lots were again filled with the enthusiastic anticipation of tailgaters and their barbequed camaraderie.  It was also a great year for Bitcoin (BTC) investors as the largest cryptocurrency by market capitalization reached all-time high prices multiple times throughout 2021, eventually topping out at $69,000 in early November. This led to a dramatic increase in media coverage of Bitcoin. Seven NFL players in 2021 decided to call…

Meme Token Economy Climbs 14% in 2 Weeks — DOGE, SHIB Command 83% Dominance – Markets and Prices Bitcoin News

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Toward the end of this week, crypto-assets rebounded in value after meandering for two weeks and consolidating. While specific tokens like decentralized finance (defi) coins, metaverse tokens, and smart contract coins improved a great deal, the meme-token economy increased in value as well, as a number of meme coins like dogecoin, shiba inu and dogelon mars have seen significant gains during the last seven days. Meme Coins Climb Higher in Value This Past Week — Shiba Fantom and Luni Lead the Pack 21 days ago on December 5, the meme…

Why Portfolio Managers Will Need to Look at Altcoins in 2022

With 2021 just about in the rearview mirror, it’s a good time to reassess the notion that cryptocurrency is still a risk-on asset class. After all, crypto’s risk will help determine how to allocate assets in 2022. For many traders, the massive selloff of March 2020 is still a memory, be it one of great pain or profit. Bitcoin and ether as well as just about every cryptocurrency took a nosedive as if they were chained to falling equities and bond yields back then. It was around that time we…

Crypto․com CEO Kris Marszalek Accuses Coinmarketcap․com of ‘Arbitrarily Reducing’ Exchange Rankings – Exchanges Bitcoin News

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Crypto․com CEO Kris Marszalek has an issue with coinmarketcap.com’s exchange volume rankings, according to a tweet he published on December 25. Marszalek claimed in his tweet that the popular crypto aggregation website “arbitrarily reduced” the exchange’s ranking. Crypto․com CEO Complains About Coinmarketcap․com’s Exchange Rankings A recent tweet stemming from the CEO of Crypto.com’s Kris Marszalek indicates the exchange executive is upset with the web portal coinmarketcap.com. Marszalek claims that Crypto.com’s exchange volumes are being misreported and the trading platform’s ranking was changed to the 14th position on a whim. “Merry…

Is it here already? Experts Answer, Part 3

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Sebastian is the chief strategy officer at Coinsource, a Bitcoin ATM provider in the United States. “In 2022, we expect more countries to follow El Salvador’s lead and adopt Bitcoin as legal tender, particularly countries across Latin America and Asia. As a result, we anticipate an increase in the number of Bitcoin ATMs across Latin America, and also in Europe. As new countries adopt, it is likely U.S. dominance in the crypto industry will be reduced. Regulation of crypto will continue into 2022, which is generally a good thing. However,…

Investors in Collapsed South African Crypto Platform Reimbursed a Portion of Invested Funds – Regulation Bitcoin News

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Investors in Africrypt, the now-defunct South African crypto platform, were recently reimbursed a portion of their invested funds. The payments were made by Pennython Project Management LLC as part of a settlement offer that potentially ends claims against Africrypt’s runaway directors. White Knight Investor Identity Revealed Investors in Africrypt, a collapsed South African cryptocurrency investment platform, recently began receiving payouts from a so-called white knight investor, a report has said. According to an Itweb report, which named Pennython Project Management LLC as the previously unnamed party, Africrypt investors began receiving…

The Emergence of DAOs With Santiago Santos

This episode is sponsored by NYDIG. Download this episode On this episode of “The Breakdown’s” “End of Year Extravaganza,” NLW is joined by Santaigo Santos. Santiago is a crypto investor, thinker and podcast. He built one of the first funds in DeFi, was early into NFTs and is heavily involved in the DAO space. Find our guest on Twitter: @santiagoroel See also: Pantera’s Paul Veradittakit’s 2022 Predictions “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional…