Month: January 2022

Shiba Inu (SHIB) fetches 30% gain on Robinhood listing rumor and bullish chart pattern

boss

Shiba Inu (SHIB) seems to be preparing for a bullish breakout as a falling wedge pattern begins to form. The price of SHIB has been trending lower inside an area defined by two contracting trendlines while accompanying a decline in trading volume. That shows that investors have been less concerned about the downtrend.   As a result, falling wedges typically provide an ideal springboard for an upside break once the price closes above the structure’s upper trendline. On Thursday, SHIB showed signs of following a similar topside break. SHIB/USDT daily price chart…

SEC Must Surrender Hinman Email on Ether to Ripple, Judge Rules

SEC attorneys, for their part, have claimed that these documents contain staffer deliberations, and therefore are protected against discovery. District Judge Sarah Netburn, of the Southern District of New York, ruled that some of these documents are indeed protected, but ordered the regulator to turn over others, including an email with Hinman’s speech and some notes from meetings between SEC staffers and third parties that are not Ripple. CryptoX Portal

US Lawmaker Launches Bill to Prohibit the Fed From Issuing Digital Currency Directly to Individuals – Regulation Bitcoin News

boss

A U.S. lawmaker has introduced a bill in Congress to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals. “It is important to note that the Fed does not, and should not, have the authority to offer retail bank accounts,” he stressed. Bill Introduced to Prohibit the Fed From Issuing CBDC Directly to Consumers U.S. Congressman Tom Emmer (MN-06) announced Wednesday that he has “introduced a bill prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals.” He explained…

Lawmakers Ask The CFTC To Clarify Their Role Monitoring Crypto Risks

boss

Bipartisan lawmakers from the U.S. House and Senate Agriculture Committees have requested clear information from the chair of the Commodities Futures Trading Commission (CFTC) about the crypto industry and their role in monitoring it and taking enforcement actions. The CFTC chair Rostin Behnam intends to expand the regulator’s authority over the crypto market. Democrats and Republicans from the Senate and House Agriculture Committees agreed that the agency plays a “critical role“. In a letter that Bloomberg described as “a rare show of bipartisanship in a divided Congress”, the lawmakers asked…

Jack Dorsey’s Block To Democratize Bitcoin Mining With Open Source Mining System

Block, formerly known as Square, is working on an open-source bitcoin mining system, according to CEO Jack Dorsey. He referenced a more detailed thread on the project’s objectives by the company’s general manager for hardware, Thomas Templeton. We’re officially building an open bitcoin mining system ✨ https://t.co/PaNc7gXS48 — jack⚡️ (@jack) January 13, 2022 Block Is Working On Bitcoin Mining Thomas Templeton, Block’s general manager for hardware, set out the company’s next moves in a series of tweets. “From buying, to set up, to maintenance, to mining,” Templeton said, the goal…

First Mover Asia: Bitcoin Erases Prior Days' Gains; Altcoins Slide

boss

Good morning. Here’s what’s happening: Market moves: Bitcoin’s price slid in tandem with tech stocks. Technician’s take: BTC downside could persist into the Asia trading day; support around $40K. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $42,581 -3.2% Ether (ETH): $3,250 -3.5% Markets S&P 500: $4,659 -1.4% DJIA: $36,113 -0.4% Nasdaq: $14,806 -2.5% Gold: $1,822 -0.1% Market moves Bitcoin (BTC) slid on Thursday, erasing the prior day’s gains but staying within the past few weeks’ trading range of…

Crypto.com Lists New Ethereum-Based Decentralized Exchange Token

boss

Singapore-based crypto exchange giant Crypto.com is listing a low-cap Ethereum-based hybrid liquidity decentralized exchange token. In a new announcement, Crypto.com is introducing IDEX (IDEX), formerly AuroraDAO, for trading on the company’s app. IDEX is a multi-blockchain decentralized exchange offering a non-custodial solution for trading digital assets. The IDEX token is used to secure the network and incentivize platform adoption. According to the Crypto.com press release, “IDEX is the first Hybrid Liquidity DEX that blends the best of centralized and decentralized exchanges, with the performance and features of a traditional order book…

Why Sovereign Nation States May Begin Acquiring Bitcoin In 2022

boss

Bitcoin has grown from being ‘internet money’ used by only a few thousand people during its first few years to being part of the balance sheets of big companies and sovereign states. El Salvador is a case in point for a country that has committed fully to the bitcoin mission, putting millions of dollars into the digital asset as a national reserve. While bitcoin is still a long way from being the de facto reserve currency of all countries, its growth points to countries not being able to ignore it…

Payments Giant Block to Build Open-Source Bitcoin Mining System

boss

Block, formerly known as payments company Square, is going ahead with its plan to build an open-source bitcoin mining system, according to a Tweet from Thomas Templeton, Block’s general manager for hardware. In October we announced that we’re considering building a bitcoin mining system, out in the open & alongside the community, and we’ve decided…we’re doing it! We thought we’d share some more details on how our initial discussions are going and where we’re headed next. https://t.co/wURxEKBpJ5 — Thomas Templeton (@TempletonThomas) January 13, 2022 Previously, BlockCEO Jack Dorsey tweeted on…

Bitcoin.com Games Releases its Very First Crash Game Space XY – Promoted Bitcoin News

boss

Play a brand new crash game on Bitcoin.com’s crypto casino brought to you by BGaming! First-Ever Space Crash Game on Bitcoin.com Games Crash gambling is a type of casino gaming genre that includes a pretty simple and fun-to-play mechanic. It is relatively new and is oftentimes found to capture the imagination of modern-age gamers that like to multiply their thrill with insane money multipliers. Crash games have found a niche spot among Bitcoin gaming enthusiasts as it closely resembles the nature of cryptocurrency charts and the thumb-rule of…