Day: January 9, 2022

The Year of the Alts

BNB, the native token of Binance Smart Chain, went from $5 billion to $85 billion, Solana’s SOL exploded from $85 million to $55 billion, and Cardano’s ADA took off from $5.5 billion to $46 billion (though it was at $95 billion over the summer). To be sure, a dramatic rise was to be found in layer 2 protocols, too. Polygon, a supplemental network to Ethereum, saw its native token MATIC rise in value from just $91 million at the start of 2021 to $18 billion at year end. Source

Kosovo Seizes Hundreds of Crypto Mining Machines in Crackdown – Mining Bitcoin News

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Police in Kosovo seized another batch of over 200 mining devices as part of raids that started on Thursday. The offensive against underground crypto farms was launched after authorities in Pristina banned the power-hungry minting of digital currencies amid an energy crisis in the country. Authorities in Kosovo Confiscate Mining Hardware in Serb Majority North Law enforcement officers in Kosovo have confiscated hundreds of mining machines as part of efforts to curb crypto mining activities in the face of electricity shortages. One person has been arrested in the latest police…

What should the crypto industry expect from regulators in 2022? Experts answer, Part 2

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Michelle is the CEO of the Association for Digital Asset Markets, which works in partnership with financial firms and regulatory experts to devise a code of conduct for digital asset markets. “2021 was the year Washington woke up to the digital assets industry. The year started with the rushed FinCEN “Unhosted Wallets” proposal, which the industry was able to voice its concerns and delay. At the same time, pro-digital asset Senator Cynthia Lummis joined the Senate. As the Biden Administration got up to speed on digital assets, it seemed like…

Social Media Giant Wechat to Support China’s CBDC, Platform Expected to Boost Adoption Rate – Fintech Bitcoin News

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China’s social media giant, Wechat has said it will support the digital yuan in a move that is expected to increase the of Chinese residents that use the central bank’s digital currency (CBDC). Wechat’s support of the digital yuan potentially avails the digital currency to the social media’s 800 million active users. New App Provides Access to CBDC Wechat, one of China’s biggest messaging and payment apps, is reportedly set to support the digital yuan, China’s CBDC. The addition of the CBDC to the social platform is expected to boost…

Game on NFT™, a Work of Art That Celebrates Bitcoin and Bitcoiners – Press release Bitcoin News

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press release PRESS RELEASE. Chicago, IL – 9th January, 2022 – Denjary Watru, the creator of the Game On NFT™ has dropped an NFT that is sure to become highly sought after by all those who know and understand Bitcoin, its implications for society going forward, and who have an appreciation for the value of digital art. According to Denjary, the inspiration for the Game On NFT™ happened during his routine treadmill workout and while talking on the phone to a friend, attempting to explain Bitcoin. Surrounded by sports themed…

Create your own NFT’s using this iPhone apps

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Anyone can create their own NFT using this iPhone apps. I will show you an application that can also be used to sale them. Have you at any point needed to make a NFT? All things considered, some NFTs have sold for millions. Regardless of whether you procured a little level of those costs, it would mean some additional cash to cover bills or purchase something you’ve been needing. Fortunately, there are applications that assist and help you with making NFTs from your iPhone. Regardless of whether you need to…

Bitcoin performs classic bounce at $40.7K as BTC price comes full circle from January 2021

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Bitcoin (BTC) bounced off what is for some a key level on Jan. 9, closely mimicking events from September 2021.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Shorters will get rekt” at $40,700 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing course at around $40,700 to subsequently pass $42,000. The behavior, while uninspiring for some, firmly reminded others of Bitcoin price behavior at the end of September, when $40,700 acted as a springboard which ultimately produced $69,000 all-time highs seven weeks later. History and Context 40.7k $BTC https://t.co/LqlkxxJ0BF pic.twitter.com/neJlH6mnmN…

Ruling Party Sources Deny Plan to Levy 40% Tax on Crypto Yields in Turkey – Regulation Bitcoin News

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The government in Turkey does not intend to impose a 40-percent levy on crypto-related gains as has been alleged, members of the ruling AKP party have indicated to the local press. They have also emphasized that the current regulatory efforts are aimed at creating a sustainable environment for the blockchain industry. Turkey to Establish Regulatory Base for Cryptocurrency Market A legislative proposal tailored to regulate cryptocurrency trade in Turkey is likely to be submitted to the parliament in the upcoming weeks. Sources from the Justice and Development Party (AKP), the…

Bitcoin Leaving Exchanges, but It’s Not What You Think: Crypto Analyst Nicholas Merten

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Crypto analyst Nicholas Merten says that while Bitcoin (BTC) flying out of exchanges may look bullish, there could be more than meets the eye. In a new video, Merten takes a look at a metric from blockchain tracker Glassnode that shows the supply of Bitcoin slowly declining on crypto exchanges. On the surface, the declining supply of BTC on crypto exchanges may seem bullish. However, the analyst points out that the metric doesn’t include the futures and options markets. He suggests that more and more crypto is actually just going…

How Projects are Revolutionizing Crypto Staking Through Referral Programs

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Once reserved for the pros in the crypto space, staking has become a common practice across all participants in the space. Today, anyone has an opportunity to earn passive income on their crypto assets in just a few clicks, whether on a centralized exchange or DEX. Over the past two years, centralized exchanges such as Binance and Coinbase have introduced staking to their users, compelling decentralized exchanges, or DEXs, to follow suit. At the height of the DeFi boom in 2021, over $110 billion in value was locked on decentralized…