Month: December 2021

Estonia’s new AML laws set to clamp down on crypto industry

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Beginning in February, Estonia is set to introduce sweeping changes to its definition of Virtual Asset Service Providers, or VASPs, to include several cryptocurrency-related services — a move that could impact Bitcoin (BTC) ownership in the country — according to European compliance specialist Sumsub. On Sept. 21, the Estonian Ministry of Finance published a draft bill to update the Money Laundering and Terrorist Financing Prevention Act (the AML Act) as part of the government’s effort to prevent money laundering and terrorist financing. As Sumsub reported, the legislation is now in…

Bitcoin Long Traders Bear The Weight As Liquidations Continue

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Bitcoin liquidations have continued as the year draws to an end. The year has been rocked with liquidations that have gone past the $100 billion mark and there does not seem to be a stop even as 2022 rolls around. Long traders have had to bear the brunt of the losses given the recent downtrend. As bitcoin looks set to finish the year off below $50K, these losses will continue well into the year. Bitcoin Liquidations Continue Data on the 12 and 24-hour scales on Coinglass shows that bitcoin liquidations…

More Crypto Games Than Ever Before Appear at Casinos

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If you’ve bet with Bitcoins and other cryptocurrencies before, you’ll understand new crypto casinos are springing up all the time. You’ll probably also know that the days of homebrew titles are behind us, with many of today’s top casino games now playable with BTC, LTC, ETH and others. Just how many and what types of cryptocurrency games can you expect to play at top casinos, though. There are several thousand games at Rollers.io and similar casinos, and many of those span the most popular genres around. Let’s take a closer…

$2.2M Worth of Bored Ape Yacht Club NFTs Stolen — Victim Says Incident Was ‘Arguably the Worst Night’ of His Life – Bitcoin News

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According to reports, roughly $2.2 million worth of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) non-fungible tokens (NFTs) were stolen from a collector. The owner of the NFTs Todd Kramer said the incident was “arguably the worst night” of his life. Furthermore, there’s claims that the NFT marketplace Opensea froze the collectibles, and crypto advocates are complaining about the lack of decentralization. 15 BAYC and MAYC NFTs Stolen — Victim Begs Opensea for Help, Reports Claim NFTs Were ‘Frozen’ On December 30, 2021, a BAYC collector…

Here Are the Top 10 Cryptocurrencies of 2021

The past year’s crypto market can be summed up in three words: to the moon. Bitcoin and Ethereum, which entered the year’s bull run following big gains in 2020, both reached new all-time highs. The market capitalization of the sector swelled from under $800 billion in January to $2.2 trillion in December, according to data from Coinmarketcap. Most major digital assets notched triple-digit percentage returns – easily outdistancing bitcoin (BTC), the largest cryptocurrency, which was up 66% year-to-date as of Dec. 31. But it was a slew of tokens that…

Airdrop culture could pose integral threat to DeFi industry

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EtherWrapped, a project designed to provide a yearly summary of users nonfungible token (NFT) activity, launched a little over eight hours ago to palpable fanfare within the crypto community. The website detailed a plan to airdrop YEAR tokens based upon quantitative engagement statistics in users’ MetaMask wallet, or in simpler terms, their number of transactions, volume traded, a gas fees, among other data. Upon verification on EtherScan, a number of well-regarded developers and engineering experts in the space assessed the coding of the smart contract. Meows.eth noted that these parties saw…

Bitcoin holds $48K as final Wall Street session caps 60% YTD gains for BTC

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Bitcoin (BTC) chipped away at its latest gains on Dec. 31 as the final trading session of 2021 opened on Wall St. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin posts 60% year-to-date gains Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it meandered around the $48,000 mark, having reached multi-day highs of $48,550 hours earlier. The uptick had coincided with the December expiry on Bitcoin options, by far the biggest date on the options calendar at nearly $6 billion. Conspicuous buying was recorded on U.S. professional exchange Coinbase Pro…

5 Money Themes to Watch in 2022

Happy New Year! Last week’s holiday edition of Money Reimagined offered a look back at the year that was and explored five ways in which our idea of money was challenged during those insanely busy, news-packed 12 months. This week, we look to the year ahead and consider ways in which money could potentially be further reimagined in 2022. Who will issue our money in the digital future? Will governments, armed with central bank digital currencies, continue to monopolize monetary systems? Will private company currencies rule, either with stablecoins that…

100 NFT Collections Surpass $20 Billion in Volume — Cryptopunks, Bored Apes Capture Top Volumes – Blockchain Bitcoin News

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Non-fungible token (NFT) assets were extremely popular this year and to date, there’s been more than $20 billion in volume recorded in terms of NFT sales among 100 collections. While many single NFTs sold for millions of dollars a number of NFT projects and collections saw hundreds of millions and even billions in all-time volume. According to defillama.com metrics, the popular NFT collection Cryptopunks captured $2.98 billion in all-time volume. 100 NFT Collections, 6 Chains, $20 Billion in Volume Numerous NFT collections have been very prominent in 2021 and have…