Day: January 26, 2022

Turkish president orders ruling party to organize metaverse forum

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Turkish President Recep Tayyip Erdoğan and ruling Ak Party officials met earlier this week to discuss the metaverse, with the president calling for comprehensive research on the subject. Erdoğan has reportedly urged the Ak Party to study the metaverse, cryptocurrencies, and how transactions are made using them, according to a Daily Sabah report. At a meeting on Jan. 25, party leaders were instructed to research the phenomenon with significant ramifications for the future. The economic aspects of the metaverse, cryptocurrencies, and social media are anticipated to be addressed at a…

Money Laundering Picks Up Steam on DeFi Protocols: Chainalysis

And DeFi is not the only crypto-related money laundering method on the rise: Mining pools, high-risk exchanges and mixers also received an increased amount of crypto from wallets tied to criminal activity last year. However, Chainalysis’ research suggests the largest group of crypto criminals still prefer to launder their money the old fashioned way, through centralized exchanges. Source

Ripple announces $200M share buyback and expresses optimism for 2022

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Blockchain payments firm Ripple has announced a $200 million Series C share buyback, a decision that will take the San Francisco-based tech firm to a record-high valuation of $15 billion. Back in December 2019, Ripple raised $200 million in a Series C funding round with Tetragon Financial Group, a United Kingdom-based investment firm, acting as the lead investor alongside other participants SBI Holdings and Route 66 Ventures. However, in December 2020, the United States Securities and Exchange Commission (SEC) issued a $1.3 billion-dollar financial lawsuit against Ripple Labs, as well…

Bitcoin Mining In Pakistan 2022 | Earn 50$ Per Day From Mining Rig In Pakistan | @Daily Price Idea

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Coinbase Shares Are Very Unattractive Heading Into First Half, Mizuho Securities Says

Renewed signs of a “crypto desert” coupled with declining yields make Coinbase especially unattractive heading into the first half of this year, Mizuho Securities said in an analyst report published Tuesday, cutting its price target for the shares to $220 from $300. Mizuho forecasts the crypto exchange had trading volume of about $525 billion in fourth-quarter 2021, up around 60% sequentially, implying revenue of about $2 billion. This is relatively in line with consensus, the analysts wrote. For the first quarter, the bank sees “significant downside to consensus revenue expectations,”…

‘Ethereum’ vs ‘Eth 2’: What’s in a Name?

The Ethereum Foundation announced in a blog post that it is nearly time to put an end to “ETH2” and the nomenclature that seems to separate the proof-of-stake chain from the proof-of-work chain. While it made sense when Ethereum’s roadmap looked to build out a separate proof-of-stake chain and simultaneously destroy the proof-of-work chain as we know it, the roadmap now involves a Merge between Eth 1 and Eth 2, pairing the current execution (application) layer on the proof-of-work chain with the consensus layer of the Beacon Chain. In the…

Valkyrie Applies to List Bitcoin Miners ETF on Nasdaq

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Crypto asset manager Valkyrie has applied to the U.S. Securities and Exchange Commission (SEC) to list its exchange-traded fund (ETF) offering exposure to stocks in bitcoin mining companies on Nasdaq. The Valkyrie Bitcoin Miners ETF will invest at least 80% of its net assets in securities of firms that derive a minimum of 50% of their profit from bitcoin mining, according to a filing with the SEC Wednesday. Following the SEC’s reluctance to approve a spot bitcoin ETF, asset managers and investment firms have turned to products offering exposure to…

NFT Platform TRLab Raises $4.2M to Diversify Its Artwork Collection

TRLab, a platform for collecting art in the form of non-fungible tokens (NFTs), raised $4.2 million in a funding round, according to a press release shared with CoinDesk. The company will use the funds to diversify its collection and add art projects of “varying scope and scale, ranging from full-production genesis drops to curated multi-artist projects united along a common theme, to large-scale editions that integrate shared learning and direct access to artists into the collecting process,” the statement said. The platform is geared towards the higher end of the…

BTC price hits $38K as Bitcoin analysts focus on weekly close

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Bitcoin (BTC) staged new retests of $38,000 resistance on Jan. 26 as optimism increased over a potential recovery to $40,000 and higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Next stop a $40,000 retest? Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued the rebound that began on Monday. At the time of writing, two breakthroughs of $38,000 had occurred, with the pair lingering just below that level amid further direction cues. For Cointelegraph contributor Michaël van de Poppe, the signs were encouraging, with the stage being set…

Binance to Reinstate Payments From EU's SEPA Platform: Report

Crypto exchange Binance is about to reinstate payments from the European Union’s Single Euro Payments Area (SEPA), according to a Bloomberg report, citing a person familiar with the matter. Payments through the network will resume “in the coming hours,” Bloomberg said. The rollout will be phased, starting in Belgium and Bulgaria, and will expand throughout the bloc in the following weeks. The U.K., which left the EU in January 2020, will not be included, according to the report. Binance temporarily halted payments from SEPA in July. SEPA allows consumers to…