Day: January 15, 2022

A year of mass adoption for cryptocurrencies in Brazil

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Throughout 2021, the Brazilian cryptocurrency market managed to distance itself from the police pages and finally win acceptance with the general public, whether in the financial market or even in the greatest national passion: soccer. Last year, Bitcoin (BTC) acted as a strong alternative to the Brazilian real that ended 2021 by breaking negative records and reaching a devaluation of 6.5% by December, making it the 38th worst currency in the world. In a year of ups and downs for Bitcoin, the biggest cryptocurrency hit a bottom of 167,000 real…

Bitcoin’s Hashrate Taps New Lifetime High, BTC Price 20% Above Production Cost, Difficulty Nears ATH – Mining Bitcoin News

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Bitcoin’s hashrate has been riding high again as the processing power tapped another lifetime high on January 15, 2022, reaching 219.68 exahash per second (EH/s). The new record follows the previous all-time high (ATH) on the first day of the year, when the network’s hashrate tapped 219.5 EH/s. Bitcoin’s Hashrate Hits a Milestone, Analyst Discusses Miner Capitulation, Estimated Bitcoin Production Cost Bitcoin miners are dedicating a lot of SHA256 processing power to the BTC network on January 15, as the network quickly reached an ATH just after 12:00 a.m. (EST).…

‘Every Company Will Be a Crypto Company’; A Venture Funding Outlook for 2022

This episode is sponsored by Nexo, Abra and FTX US. Download this episode In today’s “Weekly Recap,” NLW looks at a slew of funding rounds announced this week, including: Near Protocol, $150 million ZeroHash, $105 million Checkout.com, $1 billion SEBA, $119 million DeFi Alliance (now Alliance DAO), $50 million FTX Ventures, $2 billion See also: SEC Must Surrender Hinman Email on Ether to Ripple, Judge Rules “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production…

Head of Investigative Committee Calls for Mandatory Identification of Cryptocurrency Users in Russia – Regulation Bitcoin News

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Russians who use cryptocurrency should not be anonymous, the man who chairs Russia’s federal investigating authority has recently stated. The official leading efforts to fight corruption in the government called for additional regulations, including the introduction of mandatory identification for those who transact with digital coins. Anti-Corruption Official Pushes for Rules to Mitigate Risks of Using Cryptocurrency for Illicit Purposes Alexander Bastrykin, head of the Investigative Committee of the Russian Federation, believes that people who use cryptocurrencies should not remain anonymous. The high-ranking official shared his opinion in an interview…

Bitcoin miners can take fresh 20% BTC price hit before capitulating, data shows

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The Bitcoin (BTC) mining business is bigger than ever at current price levels, and new data shows just how unlikely a mass miner sell-off really is. As noted by popular Twitter account @venturefounder on Jan. 14, even at $42,000, the BTC/USD trading pair is around 20% above miners’ cost price. Miner capitulation behind “worst” BTC price dips Despite falling a full $27,000 below all-time highs, BTC is more enticing than ever for miners. Hash rate, an estimate of the total processing power dedicated to mining, reached new all-time highs this week. Those…

Crypto Could Soon Pose Risks to Countries’ Financial Stability – Regulation Bitcoin News

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Economists at the International Monetary Fund (IMF) say that “crypto assets are no longer on the fringe of the financial system.” In addition, they “could soon pose risks to financial stability especially in countries with widespread crypto adoption.” ‘Our Analysis Suggests Crypto Assets Are No Longer on the Fringe of the Financial System’ The International Monetary Fund (IMF) published a blog post on Tuesday warning about the risks crypto assets pose to financial stability. The post is authored by three economists from the IMF’s Monetary and Capital Markets Department: Tobias…

Kishimoto Inu is Set to Revolutionize Non-fungible Tokens with its 3D NFT Marketplace

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Kishimoto Inu is in the early stages of releasing the world’s first 3D NFT marketplace, taking NFT space to the next level. Non-fungible tokens took the world by storm in 2021 as the previously maligned sector of the cryptocurrency market caught the attention of mainstream news outlets, celebrities and globally recognized brands who sought to get in early on this multi-billion dollar trend. As the quality of NFT projects has evolved from simple pixelated images to extremely detailed one-of-a-kind digital assets that let their holders express their inner nature, so…

“We Are Building a Secure Lending Platform on Cardano”

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Starting ADALend CEO Kaspars Koskins interview series, one of the most promising companies that is revolutionizing the lending industry by using blockchain technology to disintermediate the traditional middlemen – providing unprecedented access to loans for those ignored by the traditional banking system and providing high yields for investors in a persistently low-interest-rate environment. I hope you are as excited for this conversation as we are so let’s jump in. Q: Welcome Kaspars, we know you are a busy gentleman these days with the public launch of the ADALend lending platform…

Will Tarantino Be Able To Sell The Pulp Fiction NFTs? Or Will Miramax Prevail?

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In two days, the auction of the first Pulp Fiction NFT will take place. A historical moment for the nascent industry, one that will set precedent for years to come. When Quentin Tarantino and the Secret Network announced a partnership aimed at releasing NFTs from the classic ’90s film, the world listened. Unfortunately for them, so did Miramax. The studio still holds the right to Pulp Fiction, so they sent a cease and desist letter.  Related Reading | Upside Potential in NFTs is Massive Says Gary Vaynerchuk The caveat here…

Uruguay reportedly installs its first Bitcoin ATM

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Uruguay has reportedly installed its first Bitcoin (BTC) ATM, making it the 11th South American country to publicly encourage crypto adoption. Prior to Uruguay’s involvement, South America hosted 79 ATMs, which represented 0.2% of global BTC ATM installations. According to Ámbito, Uruguay’s first crypto ATM was installed in the coastal city of Punta del Este, a major tourist attraction in the region. Uruguay’s first Bitcoin ATM was developed and installed in partnership with two local crypto companies — URUBit and inBierto. The crypto ATM in Uruguay currently supports withdrawal and…