At press time, ADA was trading near $1.36, a 10.6% fall in the last 24-hour. Scaling solution Polygon’s MATIC token fell 6% even as the network implemented Ethereum’s fee-burning mechanism, which will destroy MATIC tokens making its supply deflationary. Solana’s token SOL, binance token BNB, and ether each fell over 2%, while bitcoin traded 1% lower near $41,200, according to CoinDesk data. Original
Ethereum extended decline below the $3,200 support zone against the US Dollar. ETH price remains at a risk of a sharp decline below $3,000. Ethereum extended decline below the $3,200 and $3,150 support levels. The price is trading below $3,200 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $3,120 and $3,150 resistance levels. Ethereum Price Faces Resistance Ethereum…
Patriarch Kirill of Moscow and all Rus’, the leader of the Russian Orthodox Church, has not urged his flock to invest in Bitcoin, despite videos claiming otherwise. A clip recently emerged claiming that Kirill had urged the faithful to invest in cryptocurrencies. While the video does include genuine comments from the patriarch regarding the benefits of robotics for the economy, and a mention of Bitcoin (BTC), the comments were heavily edited, with the narrator further claiming that the leader would bless those who wish to invest in crypto in a special…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #ilmeaalim, #cryptodaily, #CryptoNews Pakistan’s Federal minister for science and technology Senator Shibli Faraz was concerned about Crypto Scams and was showing his interest in regulating crypto market. on 18 Jan 2022 there is an Blockchain Summit in Serena Hotel Islamabad where he might deliver his speak. I’m hoping that Shibli Faraz would try to regulate crypto market soon. Apply for Binance JOB: Want to join my Binance Team? Click Here: Want to Join my Huobi Team? Click here: Want to join my…
Proof-of-work crypto mining should be banned in the European Union (EU), according to the vice chair of the European Securities and Markets Authority (ESMA). Erik Thedéen said that EU regulators should nudge the crypto industry towards the less energy-intensive proof-of-stake mining in an interview with the Financial Times. “The solution is to ban proof-of-work,” he said. “Proof-of-stake has a significantly lower energy profile.” The proof-of-work model involves miners using scores of powerful computers to solve complex mathematical problems in order to record transactions on the blockchain an be rewarded with…
The U.K.’s financial services regulator plans to tighten restrictions crypto-asset advertising after the government gives it increased power to regulate the industry and protect investors who may not fully understand the risks they are taking on. The Financial Conduct Authority (FCA) said it plans to classify crypto assets such that consumers would be able to respond to promotions only if they are high net worth or sophisticated investors. It also intends to ban incentives such as refer-a-friend and new-joiner rewards. “Too many people are being led to invest in products…
“Games provide the perfect starting point for mainstream adoption of blockchain-based products, especially as people start transacting and earning income while playing, “Paul Veradittakit, Partner at Pantera Capital, told CoinDesk in a statement. “Leading guilds like Ancient8 are the easiest gateway into blockchain gaming today, with the potential to become major financial services platforms and contributors to their local communities.” Source
Decentralization, at its core, is and has always been a community-driven revolution in money and culture, and cryptocurrency has served as a key player in the movement. After the advent of cryptocurrency, Dogecoin came in as a meme coin purely to mock investors who bought crypto despite a lack of understanding of the concept. Ironically, Dogecoin grew to become one of the most valuable coins in terms of market capitalization. Once Dogecoin emerged as a trend it rapidly spread into popular culture and with its widespread success, several tokens based…
It has long been said that imitation is the highest form of flattery. The rapid development of technology, shortening the production chains and product life cycle, new distribution models developed by the world’s largest corporations, the progressive shift of retail trade to the web, changes in consumer habits and the ever-increasing dominance of large internet platforms, meant that this sentence should now read: copying is the simplest form of theft. Radosław Krzycki , COO Skey Network According to one of the best current studies of this type, the OECD report…
The Central Bank of Iran (CBI) is reportedly planning to launch a central bank digital currency (CBDC) pilot soon. According to a report by the Iranian Labour News Agency, the CBI vice governor said that CBDCs could help the country resolv financial inconsistencies. The development of a sovereign digital currency in Iran began in 2018 at the Informatics Services Corporation — the executive arm of the CBI. The development phase has been completed and a pilot will be launched soon. However, CBI didn’t reveal many details about the time frame. The…