Day: January 13, 2022

Lawmakers Ask The CFTC To Clarify Their Role Monitoring Crypto Risks

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Bipartisan lawmakers from the U.S. House and Senate Agriculture Committees have requested clear information from the chair of the Commodities Futures Trading Commission (CFTC) about the crypto industry and their role in monitoring it and taking enforcement actions. The CFTC chair Rostin Behnam intends to expand the regulator’s authority over the crypto market. Democrats and Republicans from the Senate and House Agriculture Committees agreed that the agency plays a “critical role“. In a letter that Bloomberg described as “a rare show of bipartisanship in a divided Congress”, the lawmakers asked…

Jack Dorsey’s Block To Democratize Bitcoin Mining With Open Source Mining System

Block, formerly known as Square, is working on an open-source bitcoin mining system, according to CEO Jack Dorsey. He referenced a more detailed thread on the project’s objectives by the company’s general manager for hardware, Thomas Templeton. We’re officially building an open bitcoin mining system ✨ https://t.co/PaNc7gXS48 — jack⚡️ (@jack) January 13, 2022 Block Is Working On Bitcoin Mining Thomas Templeton, Block’s general manager for hardware, set out the company’s next moves in a series of tweets. “From buying, to set up, to maintenance, to mining,” Templeton said, the goal…

First Mover Asia: Bitcoin Erases Prior Days' Gains; Altcoins Slide

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Good morning. Here’s what’s happening: Market moves: Bitcoin’s price slid in tandem with tech stocks. Technician’s take: BTC downside could persist into the Asia trading day; support around $40K. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $42,581 -3.2% Ether (ETH): $3,250 -3.5% Markets S&P 500: $4,659 -1.4% DJIA: $36,113 -0.4% Nasdaq: $14,806 -2.5% Gold: $1,822 -0.1% Market moves Bitcoin (BTC) slid on Thursday, erasing the prior day’s gains but staying within the past few weeks’ trading range of…

Crypto.com Lists New Ethereum-Based Decentralized Exchange Token

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Singapore-based crypto exchange giant Crypto.com is listing a low-cap Ethereum-based hybrid liquidity decentralized exchange token. In a new announcement, Crypto.com is introducing IDEX (IDEX), formerly AuroraDAO, for trading on the company’s app. IDEX is a multi-blockchain decentralized exchange offering a non-custodial solution for trading digital assets. The IDEX token is used to secure the network and incentivize platform adoption. According to the Crypto.com press release, “IDEX is the first Hybrid Liquidity DEX that blends the best of centralized and decentralized exchanges, with the performance and features of a traditional order book…

Why Sovereign Nation States May Begin Acquiring Bitcoin In 2022

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Bitcoin has grown from being ‘internet money’ used by only a few thousand people during its first few years to being part of the balance sheets of big companies and sovereign states. El Salvador is a case in point for a country that has committed fully to the bitcoin mission, putting millions of dollars into the digital asset as a national reserve. While bitcoin is still a long way from being the de facto reserve currency of all countries, its growth points to countries not being able to ignore it…

Payments Giant Block to Build Open-Source Bitcoin Mining System

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Block, formerly known as payments company Square, is going ahead with its plan to build an open-source bitcoin mining system, according to a Tweet from Thomas Templeton, Block’s general manager for hardware. In October we announced that we’re considering building a bitcoin mining system, out in the open & alongside the community, and we’ve decided…we’re doing it! We thought we’d share some more details on how our initial discussions are going and where we’re headed next. https://t.co/wURxEKBpJ5 — Thomas Templeton (@TempletonThomas) January 13, 2022 Previously, BlockCEO Jack Dorsey tweeted on…

Bitcoin.com Games Releases its Very First Crash Game Space XY – Promoted Bitcoin News

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Play a brand new crash game on Bitcoin.com’s crypto casino brought to you by BGaming! First-Ever Space Crash Game on Bitcoin.com Games Crash gambling is a type of casino gaming genre that includes a pretty simple and fun-to-play mechanic. It is relatively new and is oftentimes found to capture the imagination of modern-age gamers that like to multiply their thrill with insane money multipliers. Crash games have found a niche spot among Bitcoin gaming enthusiasts as it closely resembles the nature of cryptocurrency charts and the thumb-rule of…

Analysts expect turbulent Bitcoin price until $46,500 flips to support

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Market volatility reared its ugly head once again for crypto traders on Jan. 13 as the excitement of Bitcoin (BTC) hitting its highest level in a week was quickly thwarted by a correction that thrust the cryptocurrency back into the mid-$45,000 range.  Data from Cointelegraph Markets Pro and TradingView shows that after reaching an intraday high of $44,500, bears took control of the Bitcoin market and hammered the price to a low of $42,315 while the wider global financial markets also experienced a noticeable sell-off. BTC/USDT 1-day chart. Source: TradingView Here…

FDIC Still Unclear if USDF Stablecoin Is FDIC-Insurable

The consortium has been in dialogue with several regulatory bodies, including the Office of the Comptroller of the Currency, the Federal Reserve, and the FDIC, since before the announcement, Wade Perry, chief administration officer at FirstBank said on CoinDesk TV. However, he did not respond to a question about the insurability of UDSF, either. Source

Iota selected for Phase 2A of EU blockchain initiative

On Thursday, the Iota Foundation, which oversees developments in the namesake Internet-of-Things transactions blockchain (IOTA), announced that it had been selected as one of five contractors by the European Commission to develop blockchain and distributed ledger technology in the region. According to the announcement, phase 2A aims to advance European Blockchain Services Infrastructure, or EBSI, in five areas: It will investigate the feasibility of sharding as to exponentially scale the Iota network on EBSI. Develop an approval weight consensus mechanism that will be highly flexible and allow both permissionless and…