Day: January 31, 2022

Is the bottom in? Institutional crypto funds record second week of inflows

After recording heavy outflows at the start of 2022, cryptocurrency investment funds have seen a gradual uptick in investor demand over the past two weeks, offering cautious optimism that the worst of the market downturn had passed. Digital asset investment products saw $19 million worth of cumulative inflows last week, according to CoinShares. Bitcoin (BTC) and multi-asset funds led the gains with $22 million and $32 million worth of inflows, respectively. The news wasn’t all positive, as Ether (ETH) continued to suffer from negative sentiment with outflows totaling $27 million.…

Indian parliament’s agenda includes crypto training session, leaves out bill banning digital assets

boss

The latest bulletin covering the agenda for India’s lower house of parliament includes “a lecture on understanding cryptocurrency” and its economic impact. According to a Monday publication from the Lok Sabha, the Parliamentary Research and Training Institute for Democracies group within the government has organized a training evening for lawmakers on Wednesday regarding crypto and its effects on the Indian economy. In addition, the legislative business calendar for the lower house of parliament no longer includes a bill that could potentially ban crypto in the country. Excerpt from Jan. 31…

This Marathon Is Among the First IRL-Metaverse Mashups

Virtual sporting company Raramuri is hosting the first-ever marathon in the metaverse, where runners can earn digital rewards for running real-life miles. The in-browser event will take place on June 2, this year’s Global Running Day, with early sign-ups currently open to the public. Registered participants of the 500-person race will have the 26.2 miles they run in real life tracked using their mobile phones or watches; that race data will correspond to an avatar progressing through Raramuri’s virtual course. “With physical marathons, there are so many logistical boxes to…

Inside WonderGame: Community’s Metaverse | Coinspeaker

WonderGame is a metaverse-focused platform that is designed for mainstream crypto and NFT communities to bring their creativity to life. The blockchain ecosystem has gravitated into the collectibles world through Non-Fungible Tokens (NFTs), and a whole new economy and infrastructure providers like WonderGame metaverse are growing from this. As explained by Coinspeaker, a non-fungible token (NFT) is a special digital crypto asset that provides special services and cannot be traded with other tokens. This is quite different from digital currencies like Bitcoin and other similar assets which can be interchanged…

Important Crypto Market Update: Did Crypto Just Get A Green Light!? Highest Inflation sins the 80's!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Welcome Back Everyone for our daily crypto market update! Hey guys Our Cardano Stake Pool Is Now Live! we are now also on Daedalus wallet too! A Great way to support the Channel and Help Decentralise Cardano’s Network would be to Delegate your ADA to our Stake pool and Stake with AllinCrypto! If you don’t know how to stake we have a video called how to stake cardano we produced yesterday please make sure you are delegating your ADA through the correct…

DEX Aggregator Arken Is All Set for New Revolution in DeFi

Arken Finance addresses the problems faced by other DEX Aggregators and provides traders a very smooth experience using high-end tools. As the decentralized finance (DeFi) market continues to expand, the demand for decentralized exchanges (DEXs) has been growing simultaneously. The first DEXs were built in 2014, but these solutions gained their popularity only when blockchain-powered DeFi serves gained traction and the introduction of the AMM technology helped to deal with the liquidity issues that initially DEXs used to have. Today platforms of this kind can boast increasing popularity. And one…

What’s behind Solana’s (SOL) 60%+ drop?

boss

The past couple of months have not been kind to cryptocurrencies. The sector’s aggregate market capitalization plunged 50% from a Nov. 10 peak at $2.87 trillion to the current $1.44 trillion. Solana’s (SOL) downfall has been even more brutal, presently trading at $88 after a 66% correction since its $260 all-time-high. Pinning the underperformance exclusively to the recent network outages seems too simplistic, and it doesn’t explain the accelerated decoupling over the past week, so let’s take a look at what might be going on. Solana/USDT at FTX (blue) vs.…

Provision in House Bill Allowing Treasury Secretary to Block International Crypto Transactions to Be Removed

Under existing law, the Treasury Secretary, in consultation with the Federal Reserve chairman, secretary of state, federal regulators and other agencies has the power to impose such restrictions on transactions. However, a public rulemaking notice must be issued alongside the restriction, and the restriction lifts after 120 days unless the Treasury Department implements a rule continuing the block after the comment period. Source

NFTs, Celebrities and Perverse Deal-Making

Early last week, a viral clip from “The Tonight Show Starring Jimmy Fallon” began making the rounds on social media. In it, Fallon’s guest, the socialite turned crypto promoter Paris Hilton, shows off a picture of one of her recent NFT purchases: a reddish Bored Ape complete with hat and sunglasses. “It’s really cool,” Hilton drawls, as if reading from cue cards. “The hat. The shades.” The affectless, openly promotional nature of the clip drew plenty of ire from media commentators over the course of the week. Vice called it…

‘America Competes Act’ Is a Direct Attack on Crypto Industry, Government Is Picking Winners and Losers – Regulation Bitcoin News

boss

U.S. Senator Cynthia Lummis says that the recently introduced “America Competes Act of 2022” is a direct attack on the crypto industry. “I will not stand by and let the heavy hand of the government pick winners and losers,” she stressed. Congressman Tom Emmer explained that the legislation would give Treasury Secretary Janet Yellen “dictatorial-level power to prohibit any transactions they deem concerning without due process.” US Lawmakers Raise Alarm About ‘America Competes Act of 2022’ A bill called the “America Competes Act of 2022,” introduced in the House of…