Day: January 5, 2022

MoneyGram Takes 4% Stake in Coinme, Building on Existing Partnership

“At MoneyGram, we continue to be bullish on the vast opportunities that exist in the ever-growing world of cryptocurrency and our ability to operate as a compliant bridge to connect digital assets to local fiat currency,” said Alex Holmes, CEO of MoneyGram, in a statement. “Our investment in Coinme further strengthens our partnership and complements our shared vision to expand access to digital assets and cryptocurrencies.” Source

What’s the Healthiest Chart in Crypto? The Developer Count

“The developer ecosystem, we’ve always thought it was the leading indicator,” Garg told CoinDesk in an interview. “The engineers are closest to whether or not there’s real value, and this many people coming in, playing with it, is a good sign. That relatively rational people who make a lot of money – their time is valuable – are spending that time here, that’s a positive long-term indicator.” Source

Kazakh Bitcoin Mining Seen Hurt Following Energy Riots, Internet Shutdown

Crypto mining in Kazakhstan is likely to be hurt after protesters stormed government buildings to complain about surging energy costs, leading the country’s largest telecommunications provider to shut down access to the internet. Bitcoin mining found a home in Kazakhstan after China’s clampdown on the industry last year. It was second only to the U.S. in energy devoted to crypto mining, according to Cambridge University, accounting for 18% of the global total as of August. Protesters stormed public buildings on Wednesday, which was followed by the government announcing a possible…

INX Continues Spending Spree With Tokensoft Transfer Agent Acquisition

CryptoX is a multi-platform publisher of news and information. CryptoXtrade has earned a reputation as the leading provider of cryptocurrency news and cryptomarket analysis, bitcoin and other cryptocurrencies, blockchain technology, finance and investments. CryptoXtrade have become a known leader in the cryptocurrency information market. We work only with trusted information sources providing latest financial and technological innovations that improves the quality of life of CryptoX readers by focusing on Cryptocurrency and Blockchain. CryptoX Portal

The Sandbox Partners With a Myriad of Hong Kong Luminaries, Plans to Launch Metaverse ‘Mega City’ – Bitcoin News

boss

The Animoca Brands subsidiary and blockchain-based virtual world, The Sandbox, has announced the firm has made multiple partnerships in Hong Kong, and has plans to create a “Mega City” in the metaverse. Partners who acquired land in The Sandbox to build Mega City include Hong Kong tycoon Adrian Cheng, professional services firm PWC Hong Kong, and the Hong Kong actress and model Shu Qi. The Sandbox Announces Mega City Launch Blockchain projects like Decentraland and The Sandbox have been seeing significant demand as Web3, NFTs, and metaverse hype has grown…

Certik identifies Arbix Finance as a rug pull, warns users to steer clear

boss

BSC-based yield farming protocol Arbix Finance was identified by blockchain security company Certik as a rug pull.  According to the firm’s incident analysis, there were several reasons why the project was flagged. The security firm cites that the ARBX contract has mint() with onlyOwner function, 10 million ARBX tokens were minted to 8 addresses, and 4.5 million ARBX were minted to a single address. Following this, Certik confirmed that the 4.5M minted tokens were then dumped. The firm also reported that the $10 million in funds deposited by users were…

Someone Gave You Crypto as a Gift … Now What?

One of the easiest and most popular options available for new crypto holders is to simply hold on to their gifted assets long-term – usually for a minimum of one year. Although cryptocurrencies are notoriously volatile, the values of legitimate cryptocurrencies often maintain an upward trajectory over time as an increasing number of people adopt them. So simply by doing nothing, you can potentially generate profit by holding on to some cryptocurrency. For instance, the price of bitcoin at the beginning of 2019 was $29,000, and by November, it had…

UK advertiser ASA continues crypto ad banning spree

boss

The United Kingdom’s Advertising Standards Authority, or ASA, has ruled to place an official ban on two mobile application advertisements from popular trading platform Crypto.com which promoted the ease of purchasing cryptocurrencies such as Bitcoin, as well as earning yield rewards on digital assets. Gaining notoriety within the industry for their strict legislation on the proposed implications of a cryptocurrency advert, the ASA flagged the marketing material for breach a number of financial watchdog rules, including not effectively stating the risk potential of the investment, abusing consumer’s lack of market…

A Banking Breakdown in Mexico

Recently I traveled to Mexico City. I know less Spanish than the average toddler. On my very first day in Mexico, at the ATM, I inserted my card … and the machine swallowed it. I pressed the red cancel button. Nothing. I pressed more buttons at random. Nothing. I spoke to a lady inside the bank, who couldn’t understand a word I was saying (not her fault), and after we found a translator, she explained that this ATM was out of order, and that if I understood Spanish, I would…

Bitcoin monthly RSI lowest since September 2020 in fresh ‘oversold’ signal

boss

A key Bitcoin (BTC) metric has just reached its lowest levels since the months after the March 2020 market crash. As noted by popular analysts on Jan. 5, Bitcoin’s relative strength index (RSI) is printing a “hidden bullish divergence” on monthly timeframes — and if it plays out, they say, the result will be very pleasing for hodlers. RSI falls below summer 2021 floor Amid frustration at the lack of direction on BTC/USD, it is no secret that a host of on-chain indicators has long demanded higher price levels. The…