Month: January 2022

Biden to Tap Sarah Bloom Raskin for Fed’s Powerful Vice Chair for Supervision: Report

CryptoX – Cryptocurrency Analysis and News Portal U.S. President Joe Biden will nominate Sarah Bloom Raskin as the U.S. Federal Reserve’s vice chairman for supervision, CNBC reported on Thursday, citing people familiar with the matter. The president will also tap Lisa Cook and Philip Jefferson as Fed governors, according the report. Source The post Biden to Tap Sarah Bloom Raskin for Fed’s Powerful Vice Chair for Supervision: Report appeared first on CryptoX. CryptoX Portal

North Korean hackers stole $400M in 2021, mostly ETH: Chainalysis

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North Korean crypto hackers siphoned off nearly $400 million in crypto through cyber attacks in 2021 according to new data from Chainalysis. The type of crypto stolen has also seen a sea change according to the Jan. 13 report from the blockchain analytics firm. In 2017, BTC accounted for nearly all the crypto stolen by the DPRK, but it now accounts for just one fifth: “In 2021, only 20% of the stolen funds were Bitcoin, whereas 22% were either ERC-20 tokens or altcoins. And for the first time ever, Ether…

Bitcoin Price Starts Corrective Decrease, Can Bulls Protect Losses

Bitcoin extended increase above the $44,000 level against the US Dollar. BTC is correcting losses, but it might find support near the $42,000 support zone. Bitcoin climbed further higher above $44,000 before it faced sellers. The price is trading near $42,750 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $43,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is correcting gains, but dips could be limited below the $42,000 level. Bitcoin Price…

Mike Tyson loves Solana, Aoki stops show to flaunt NFT, Apple and the ‘AR Verse’

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Mike Tyson is living the $DREAM Boxing icon Mike Tyson has stepped into the ring this week, after he shared his enthusiasm for Solana and unveiled a partnership with mental health-focused crypto project TheDreamChain ($DREAM). In the first round, Tyson — who previously launched an NFT project on Ethereum via OpenSea last year — tweeted on Jan. 13 that he was a born-again Solana (SOL) proponent while sharing a screenshot of a new NFT he’d snapped up from the Catalina Whale Mixer project. The Solana-based Catalina Whale Mixer NFTs currently…

Crypto crime’s overall impact set to fall even further in 2022: Chainalysis

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The coming year is likely to see crypto related crime reduce to an ever smaller share of the overall industry as law enforcement takes greater advantage of the transparency provided by blockchain technology, says Kim Grauer, Director of Research at Chainalysis.  According to a January 6 report from Chainalysis, the growth of legitimate cryptocurrency usage is “far outpacing the growth of criminal usage.” The share of cryptocurrency transaction volume associated with illicit activity has never been lower, representing just 0.15% of transaction volume in 2021. She told Cointelegraph that barring…

Tether Freezes Over $150M+ Worth Of USDT Stablecoin

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Tether has been one of the biggest question marks in crypto in recent years, and that hasn’t changed as adoption has grown. Decentralization has been a hot topic, and while the word itself isn’t mentioned once throughout Satoshi Nakamoto’s Bitcoin whitepaper, it is a core identity that has been latched on to bitcoin, and crypto in general, since near inception. Of course, decentralization is the core component of just one of many question marks around Tether. However, this week the spotlight is on just that, as Tether announced that roughly…

Second Life creator returns to lay claim to the Metaverse

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The founder of Linden Lab’s virtual online world Second Life Philip Rosedale will be rejoining the project as a strategic advisor to guide its entry to the Metaverse. While he is negative on content interoperability in the Metaverse describing it as “a total fail” he believes an NFT based future is the way forward long term. Second Life is an online social game universe that launched in 2003, when the word “Metaverse” was only being used by Neal Stephenson fans. Since leaving his position as CEO of Linden Labs in…

Coinbase Acquires Fairx Exchange to Make Derivatives Market Approachable for Millions of Retail Customers – Exchanges Bitcoin News

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Nasdaq-listed cryptocurrency exchange Coinbase has acquired a regulated derivatives trading platform. Coinbase plans to make the derivatives market more approachable to millions of its retail customers. Coinbase Plans to Offer Crypto Derivatives to All US Customers Nasdaq-listed crypto exchange operator Coinbase announced Wednesday that it has acquired Fairx, a regulated derivatives trading platform. Fairx is regulated by the Commodity Futures Trading Commission (CFTC) as a derivatives exchange or Designated Contract Market (DCM). “Through this acquisition, we plan to bring regulated crypto derivatives to market, initially through Fairx’s existing partner ecosystem,”…

Blockchain to enhance water supply chains in northern Australia

A new project in northern Australia is using blockchain technology to improve supply chains in the water market in one of the first applications of its kind. Fast facts More than 1,000 farmers in the northeastern state of Queensland have partnered with blockchain firm Civic Ledger and other groups for the project to address growing water security issues and protect fair access to water, according to a press release. Known as Water Ledger, the project will be incorporated into the Mareeba-Dimbulah Water Supply…