Month: January 2022

Republic of Palau and Cryptic Labs launch digital residency program

boss

The Republic of Palau and blockchain development firm Cryptic Labs announced the launch of the Root Name System (RNS), a digital residency program on Tuesday. To inaugurate the partnership between Palau, Cryptic Labs and the sovereign-backed digital residency program, Palau’s President Surangel S. Whipps Jr. signed an agreement to grant “all global users” digital residency through the RNS under the country’s Digital Residency Act. The Republic of Palau is located in the western Pacific Ocean and consists of about 340 islands inhabited by 18,221 residents. President Whipps said: “Our Digital Residency…

Crypto Tops Investor Threats for US Securities Regulators – Bitcoin News

boss

U.S. state securities regulators have revealed that cryptocurrency investments are their top investor threat this year. “Before you jump into the crypto craze, be mindful that cryptocurrencies and related financial products may be nothing more than public facing fronts for Ponzi schemes and other frauds,” one regulator warned. Crypto Is the Top Threat for US Securities Regulators The North American Securities Administrators Association (NASAA) released its “annual list of top investor threats” Monday. The NASAA, formed in 1919, is a nonprofit association of state, provincial, and territorial securities regulators in…

Key on-chain metric shows Bitcoin miners in ‘massive’ BTC accumulation mode

New data shows that Bitcoin (BTC) miners are hoarding more coins than at any time in the past five months, which could be a fresh signal that the current prices are not for selling. Analyzing its miner net position change indicator on Jan. 11, on-chain analytics firm Glassnode revealed what popular Twitter account Bitcoin Archive described as “massive” accumulation by miners. Miners show no desire to sell Bitcoin price may be disappointing spot traders this year, but long-time market participants are anything but concerned. In addition to strong hands or…

Powell Says Fed Will Release Crypto Report ‘Within Weeks’

CryptoX – Cryptocurrency Analysis and News Portal At Tuesday’s hearing, Powell was asked by Sen. Pat Toomey (R-Pa.), the committee’s ranking member, whether a CBDC couldn’t coexist with “well-regulated, privately issued stablecoins,” if Congress gave the Fed the authority to pursue the digital currency. Original Source The post Powell Says Fed Will Release Crypto Report ‘Within Weeks’ appeared first on CryptoX. CryptoX Portal

Bitrue Is Launching a New Yield Farming Hub – Press release Bitcoin News

boss

press release PRESS RELEASE. In the world of cryptocurrencies, it is important for any crypto exchange to offer plenty of different options when it comes to making money. This is precisely why Bitrue, a leading cryptocurrency exchange, has recently announced the launch of a new yield farming hub, available to all of its users from January 10th at 10:00 UTC. The main reason and context behind this new initiative has to do with the fact that staking and yield farming have become immensely popular methods through which investors can earn…

BitMEX Compliance Chief Malcolm Wright Jumps to Shyft Network

“With DeFi, DAOs and NFTs reaching critical mass over the past 12 months, Shyft is trailblazing the way in addressing multiple challenges for financial services firms and governments that go far beyond Travel Rule,” Wright said in a statement, referring to decentralized finance, decentralized autonomous organizations and non-fungible tokens. Source

Coinbase announces ‘nearly the entire company will shut down’ for four weeklong breaks in 2022 to allow workers to recharge

boss

Major U.S. crypto exchange Coinbase will be giving its employees one week off each quarter in 2022 to recharge after “long days and long weeks” of intense work. In a Monday blog post, Coinbase chief people officer L.J. Brock said “nearly the entire company will shut down” for four separate weeks this year as part of an experiment in allowing workers to recuperate after completing intense workloads. Brock said the exchange’s employees aren’t necessarily limited to 40-hour work weeks and may have to “pivot at a moment’s notice,” seemingly creating…

One Day After Launch, OpenSea Competitor LooksRare Sells Over $100M in NFTs

“Each trade on LooksRare (except for private sales) incurs a platform fee of 2%, and typically a royalty fee of between 5-10%. The total LOOKS rewards for trading each day are also fixed, and distributed based on traders’ contribution to total trading volume, meaning that there’s no guarantee of the amount of rewards that a wash trader could earn in a day,” reads the documentation. Source