Month: January 2022

Nayib Bukele Is Not the Bitcoin Hero We Need

The decision facing bitcoin advocates now may be more complex. El Salvador is a valuable testing ground for the digital currency, but if El Faro’s findings are true it seems clear the Bukele administration can no longer be considered a trustworthy partner. Beyond the simple ethics of supporting a regime that seeks antidemocratic methods of repressing its critics, the bitcoin community must be vigilant about public perception, given the continued widespread hostility towards cryptocurrency. A leader willing to use black-ops spyware against his own citizens is not an acceptable figurehead…

Cloudy With A Chance Of Reversal

Bitcoin price is at a pivotal zone, nearing a potential point of no return for bulls. However, the weekend forecast could suggest sunnier skies are in the future, so long as BTCUSD holds above the weekly Ichimoku cloud. Here is a closer look at BTCUSD weekly timeframes “at a glance” using the Ichimoku Kinko Hyo. Bitcoin price is holding above the cloud | Source: BTCUSD on TradingView.com Weekly Bitcoin Price Action At A Glance Using Ichimoku Using nothing more than the naked Ichimoku chart above, BTCUSD weekly has touched and…

Binance Backs WOO Network With A $12 Million Strategic Investment

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Binance is the largest exchange platform in trading volume within the crypto industry. Through its user-friendly interface, the exchange has over 20 million users. In addition, the platform supports several cryptocurrencies that would boost an investor’s portfolio. In its move to enhanced performance and services to customers, Binance has a strategic investment of $12 million through its venture capital arm. The investment is in a liquidity platform, WOO Network. This liquidity platform connects users to exchanges, DeFi networks, and other institutions. Binance Labs, which kicked off in 2017, has committed…

Tesla Begins Accepting Dogecoin Payments — Some Merchandise Can Only Be Purchased With DOGE – Altcoins Bitcoin News

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Tesla now accepts dogecoin for some merchandise on its website. CEO Elon Musk delivered on the promise he made in December that his electric car company will accept DOGE. Meanwhile, Tesla still has not resumed accepting bitcoin. Dogecoin Now Accepted for Select Tesla Merchandise Elon Musk’s electric car company, Tesla, has begun accepting dogecoin payments for some merchandise. CEO Elon Musk announced early Friday morning on Twitter, “Tesla merch buyable with dogecoin.” He first tweeted in December last year that Tesla will accept DOGE. Following Musk’s tweet, dogecoin immediately surged…

ICON commits $200M to interoperability incentive fund

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The ICON Foundation announced plans to launch an interoperability incentive program for 200 million ICX, or approximately $200 million at the time of publication. The foundation supports the development of the ICON network, South Korea’s largest public aggregator chain. The foundation said that it hopes this program will incentivize the ICON community and its partner networks to adopt ICON’s Blockchain Transmission Protocol, or BTP. The incentive program aims to distribute up to 200 million ICX tokens over a period of five years, primarily funded by the ICX reserve allocation raised during…

Crypto News Roundup for Jan. 14, 2022

This episode is sponsored by Kava. Today’s Stories: Dogecoin Surge Sees Short Traders Lose $8M After Tesla Store Addition European stocks slip after declines on Wall Street | Financial Times Stock Futures Edge Up Ahead of Bank Earnings – WSJ Central banks start turning off the cash taps | Reuters North Korean Hackers Stole $400M in 2021, Mostly in Ether Pakistan Plans to Ban Cryptocurrencies as Stance Hardens House of Lords Committee Sees ‘No Convincing Case’ for UK CBDC Crypto Exchange FTX Establishes $2B Fund to Invest in Crypto Startups…

President Biden taps economists for Fed governors’ seats, Sarah Bloom Raskin as vice chair for supervision

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The White House has officially tapped former Fed governor Sarah Bloom Raskin to serve as the vice chair for supervision for the Federal Reserve, as well as economists Lisa Cook and Philip Jefferson to fill two empty seats on its board of governors. In a Friday announcement, U.S. President Joe Biden said he had nominated Cook, an Obama-era economic adviser and Michigan State University faculty member, as well as Jefferson, a former research economist for the Fed, to the board of governors in addition to Raskin. Jefferson and Cook will…

'Blockchain City' CityDAO Falls Victim to $95K Hack via Discord

CityDAO, the experiment into decentralized land ownership, has fallen victim to a $95,000 hack by fraudsters on gaming instant messaging site Discord. An attacker hacked one of the project’s admin accounts on Discord, according to the group’s Twitter account. “EMERGENCY NOTICE. A CityDAO Discord admin account has been hacked. THERE IS NO LAND DROP. DO NOT CONNECT YOUR WALLET,” CityDAO tweeted Monday. CityDAO’s founders purchased 40 acres of land in Wyoming in November with the intention of building a “blockchain city.” The project’s aim is to build a city with…