Day: January 13, 2022

Cardano Jumps 7% After Coinbase Fixes Withdrawal Bug

Cardano (ADA) followed many layer 1 tokens and posted gains during the Asian trading hours on Thursday. Cardano rose 7% soon after Coinbase restarted withdrawals on Wednesday. Traders started facing withdrawal issues last week. Sentiments in Asia were further buoyed after Hong Kong’s central bank, Hong Kong Monetary Authority (HKMA), seemed to provide an open ear to crypto stakeholders in a new discussion paper. Cardano was trading at $1.30 by mid-day Hong Kong time, up 6% in the past 24 hours, according to CoinGecko. Other layer 1 tokens, such as…

Shiba Inu Surges 16% After Rumors of Robinhood Listing

Shiba inu (SHIB) jumped 16% on Thursday, leading the gains among major cryptocurrencies, amid rumors of a listing on Robinhood. Shiba inu prices reached as high as $0.00003 during early Asian hours on Thursday before a selloff. Shiba inu is the thirteenth-largest cryptocurrency with a market capitalization of $17 billion. Price-charts suggest the move followed a bounce from resistance-turned-support levels of $0.000027. However, the tokens remains in a broader downtrend, as prices have dropped 62% since reaching all-time highs of $0.00008 in October 2021. The price bump came shortly after…

SocialGood – Shopping That’s Good for Your Wallet

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SocialGood has a smartphone app worldwide, called the SocialGood App, which allows users to get SocialGood (SG) crypto assets for free by shopping at over 1,800 online retailers. Shopping with the app through a process called Shopping Mining™, users can shop and receive SG as a form of “cryptoback”. How is SocialGood beneficial for your wallet? In this day and age, it is common practice for retailers to offer cashback as a marketing strategy to attract online shoppers. Working with merchants and implementing a variety of techniques, cashback firms give…

Cryptocurrency Exchanges See Massive Bitcoin (BTC) Outflows

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The market cap of Bitcoin has been shrinking since the start of 2022. A sharp decline in retail and institutional interest, weak network activity and huge selling pressure are not helping BTC bulls. However, Bitcoin whales have accelerated the movement of the crypto asset from digital exchanges to unknown wallets and cold storage. The crypto analytics platform, Santiment highlighted a significant jump in BTC outflows from crypto trading platforms. According to the company, nearly 26,300 Bitcoin left digital exchanges on Tuesday, which is the highest level since 25 October 2021.…

Political Parties in Thailand Voice Opposition to Government Plan to Tax Crypto Gains – Taxes Bitcoin News

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As Thailand prepares to impose a levy on crypto profits, parties on both sides of the aisle have expressed concerns over the government’s current proposal. A number of political figures have insisted that important aspects need to be clarified in order to avoid double taxation of income related to cryptocurrencies. Thai Politicians Warn About Negative Effects of Crypto Tax Representatives of parties from various corners of the political spectrum in Thailand have shared their disagreements with the government’s plan to tax gains from cryptocurrencies. The reactions come after recent reports…

Second tiny miner solves a block

In an astonishing turn of events, two lucky miners from the Solo CK mining pool have defied all odds and added a new block on the Bitcoin blockchain in the same week. On Monday, a tiny miner successfully solved a block with a modest hash rate capacity of 126 terahashes per second (TH/s). Bitcoin mining expert and member of the Bitcoin Mining Council Hass McCook told Cryptox at the time that the odds of this happening were 1 in 1,400,000. But according to a Jan 13 tweet from Solo admin…

Leading Crypto Exchange BitYard Offers Trading in Over 150 Countries

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Ethereum Dips Turn Attractive, Bulls Could Aim $3,500

Ethereum gained pace above the $3,250 zone against the US Dollar. ETH price is correcting gains from $3,400, but dips might be limited in the near term. Ethereum started a strong increase above the $3,250 resistance zone. The price is trading above $3,250 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $3,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if there is a clear break above the $3,380 resistance zone. Ethereum…

Visa Partners With ConsenSys to Help Bridge CBDCs With Traditional Finance

Payments giant Visa has teamed up with Ethereum scaling firm ConsenSys to help central bank digital currency (CBDC) networks bridge the gap with traditional financial institutions. Customers will eventually be able to use their CBDC-linked Visa card or digital wallet anywhere that Visa is accepted globally, Catherine Gu, Visa’s head of CBDC, said in a blog post Q&A with ConsenSys. “If successful, CBDC could expand access to financial services and make government disbursements more efficient, targeted and secure – that’s an attractive proposition for policy makers,” Gu said. Visa’s CBDC…

LÜM to launch ‘Access Pass’ NFTs for 25 globally known musicians

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U.S.-based music platform LÜM is set to announce 25 partnerships with globally known musicians as part of a re-launch involving NBA Top Shot’s Dapper Labs later this quarter. LÜM was founded in 2018 and built up a user base of more than 200,000 users with a platform that provided services such as social media, music streaming and micro-tipping for its partnered musicians and fans. The firm has raised around $4.4 million worth of funding since 2018 according to data from Crunchbase, and partnered with popular R&B singer-songwriter Ne-Yo back in…