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Month: January 2022
Gold Miner Says Investors Prefer Hedging Against Inflation With Gold, Not Crypto – Economics Bitcoin News
The CEO of a Canada-headquartered gold mining company, Mark Bristow, has insisted that gold currently has little downside risk. He also highlighted the precious nature of the metal and how it is a better alternative store of value than cryptocurrencies. Better Inflation Hedge Mark Bristow, the CEO of Canada-based Barrick Gold Corp., recently argued that gold has little downside risk and investors seeking to hedge against inflation will pick the precious metal over cryptocurrencies, a report has said. The CEO made these comments despite some analysts predicting that the precious…
Arizona State University Offers Blockchain Technology, Enhancing Student’s Academic Journey
To assist learners in documenting their competencies and skills across their entire academic journeys, Arizona State University (ASU) is going a notch higher by deploying a blockchain-based technology technical stack enterprise infrastructure. This approach was necessitated because the university thought out of the box on how graduates showcase verifiable competencies and skills to potential employers beyond a transcript. Timothy Summers, executive director of product development at ASU, stated that technology-based solutions were necessitated in the institution because resumes and transcripts do not entirely show a student’s entire skillset. On the other hand,…
Singapore crypto ATMs shut down after central bank crackdown
The Monetary Authority of Singapore has reportedly decided to shut down cryptocurrency automatic teller machines in the city-state. According to Bloomberg, to comply with new regulations issued by the Monetary Authority of Singapore (MAS), Singapore’s central bank, cryptocurrency ATM operators in the country were forced to shut down their operations on Tuesday. The new clampdown on cryptocurrency ATMs sparked several reactions from the city’s cryptocurrency operators, with Daenerys & Co saying it was “surprised” and canceling its ATM service on Tuesday evening. Its main competitor, Deodi, switched off its ATM…
Cardano’s ADA Token Leads Crypto Majors Lower, Bitcoin Nears $41K as Bond Yields Rise
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 Topside Bias Vulnerable If It Continues To Struggle Below $3.2K
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…
Russian Orthodox Patriarch is not a Bitcoiner, church clarifies
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…
Crypto Market Analysis This Politician can Regulate Crypto Market in Pakistan
▶ 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…
EU Markets Regulator Calls for Ban on Proof-of-Work Crypto Mining: Report
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…
UK Financial Regulator to Limit Crypto Ads to Sophisticated, Wealthy Investors
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…