Day: January 12, 2022

Bitcoin Rises Above $43K; Resistance at $45K-$48K

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Bitcoin (BTC) buyers held support around $40,000 as oversold signals appeared on the charts. The recent bounce suggests the cryptocurrency is starting to recover after a near-30% decline from its all-time high around $69,000 in November. The relative strength index (RSI) on the four-hour chart is approaching overbought levels, similar to what occurred in late-December, which preceded a brief pullback. The RSI on the daily chart, however, continues to rise from oversold levels, which means buyers could remain active on price dips. Still, given the short-term downtrend, upside appears limited…

Crypto Firms Can’t Outrun the Travel Rule

None of that has turned out to be true. In contrast, the onset of regulation is strengthening trust to the industry and is promising to be a great boon to the industry. Since Bitcoin emerged 12 years, entrepreneurs have created thousands of types of virtual assets, including stablecoins. Bitcoin and ether both hit new all-time highs in 2021 amid a wider rally in crypto markets, which are now estimated to have surpassed $3 trillion. Rather than smothering development, regulation has helped ease concerns about crypto being the “Wild West” of…

Crypto Fear Reaches Six-Month Peak: Time To Buy Bitcoin?

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Fear in the crypto market is now the highest it has been in the last six months, suggesting that now may be the time to buy Bitcoin. Crypto Fear And Greed Index Shows Lowest Value In Six Months As per the latest weekly report from Arcane Research, the fear and greed index reached the lowest values this week since July. The “fear and greed index” is an indicator that measures the general sentiment around the Bitcoin and wider crypto market. The metric uses a numeric scale that goes from zero…

FinCEN, FDIC to Hold ‘Tech Sprint’ for Digital Identity Tools

CryptoX – Cryptocurrency Analysis and News Portal In the upcoming tech sprint, which doesn’t yet have a specific start date, participants will be asked to come up with a “scalable, cost-efficient, risk-based solution to measure the effectiveness of digital identity proofing to ensure that individuals who remotely (i.e. not in person) present themselves for financial activities are who they claim to be.” Original Source The post FinCEN, FDIC to Hold ‘Tech Sprint’ for Digital Identity Tools appeared first on CryptoX. CryptoX Portal

FinCEN, FDIC to Hold ‘Tech Sprint’ for Digital Identity Tools

In the upcoming tech sprint, which doesn’t yet have a specific start date, participants will be asked to come up with a “scalable, cost-efficient, risk-based solution to measure the effectiveness of digital identity proofing to ensure that individuals who remotely (i.e. not in person) present themselves for financial activities are who they claim to be.” Source

Russian protest group Pussy Riot seeks to tackle gender inequality in the NFT space

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Russian punk rock collective Pussy Riot is planning to launch a DAO for LBTQ+ and women artists. As the group’s co-founder Nadya Tolokonnikova told Cointelegraph, The DAO will be working on reducing the gender inequality that still marks the NFT space and, more broadly, the crypto industry. Despite the large gender gap in crypto — around 60% of US crypto investors are white men according to a survey from August 2021 — Nadya is convinced that it is still early enough for Pussy Riot to make an impact. “The NFT space…

Simplify Files Application With SEC for Web 3 ETF

Simplify Asset Management has filed an application with the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) focused on Web 3. In a filing Wednesday, Simplify said the “Simplify Volt Web 3 ETF” would trade under the ticker symbol “WIII” and track Web 3 companies that are expected to benefit from technology infrastructure. The fund would not invest directly in cryptocurrencies but will allocate up to 10% of its total assets in the Grayscale Bitcoin Trust. Grayscale is a unit of Digital Currency Group, which is also…

Anyswap, Keep3rV1, WEMIX follow Bitcoin’s move to $44K with double-digit rallies

The cryptocurrency community is back in high spirits on Jan. 12 after a majority of tokens in the top 200 flashed green following Bitcoin’s (BTC) spike to $44,000. The return of bullish momentum has come as a boon to several altcoin projects, with multiple tokens seeing gains in excess of 20%. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Anyswap (ANY), Keep3rV1 (KP3R) and WEMIX (WEMIX). Anyswap expands its…

Jack Dorsey Introduces Bitcoin Legal Defense Fund to Protect Open Source Developers – Bitcoin News

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A recent letter published to the Bitcoin developers mailing list written by Square founder Jack Dorsey indicates that a legal defense fund has been created for open source developers in order to protect them “from lawsuits regarding their activities in the Bitcoin ecosystem.” Dorsey’s letter is also signed by Alex Morcos of Chaincode Labs and Martin White, the co-founder of Hudson River Trading. Jack Dorsey’s Open Letter to the Bitcoin Developers Mailing List Reveals Bitcoin Legal Defense Fund According to an open letter from Jack Dorsey, Alex Morcos, and Martin…

Checkout.com, Backend Firm for Crypto Giants, Raises $1B, Eyes Web 3 Push

CryptoX – Cryptocurrency Analysis and News Portal London-based global payments processor Checkout.com has raised $1 billion in Series D funding at a $40 billion valuation. The funding will help drive three key initiatives: U.S. market growth, continued evolution of the technology platform and Web 3 efforts. Source The post Checkout.com, Backend Firm for Crypto Giants, Raises $1B, Eyes Web 3 Push appeared first on CryptoX. CryptoX Portal