Month: January 2022

Rainmaker Games Announces Its Native Token $RAIN Is Staking on Rainmaker Platform

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$RAIN is the token behind Rainmaker Games, a platform dedicated to helping users all around the world engage in play-to-earn games in the most seamless way possible. 25 million rain tokens are currently sitting in the reserve. Those tokens are the ones that went unsold during the project’s fair token launch that took place via Copper Launch last month. That reserve is how users are going to get paid for staking their tokens and supporting the project. But just because it’s starting out with 25 million tokens, doesn’t mean it’s…

Cryptocurrency Worth $435 Million Seized by 12 UK Police Forces in Five Years – Regulation Bitcoin News

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U.K. police have revealed how much cryptocurrency they have seized in the past five years in response to Freedom of Information requests. The London Metropolitan Police seized more bitcoins than other police boroughs. UK Police Reveal Information About Seized Crypto Twelve of the U.K.’s 43 police forces have seized cryptocurrency worth approximately £322 million ($435 million) in criminal investigations in the last five years, New Scientist reported Thursday, citing Freedom of Information (FOI) requests it submitted. Bitcoin made up 99.9% of the cryptocurrencies seized in the U.K. However, Law enforcement…

Shiba Inu Slumps 5% As Whales Buy More

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Shiba Inu first appeared on the scene as a joke-coin in 2020, aimed squarely at the top dog of the time Dogecoin. The meme coins uccessfully marketed its way to the position while avoiding rumors of a fraud and what appears to be a slow but steady start Shiba Inu Slumps 5% At press time, SHIB was down 5%, along with DOGE and other large cap crypto currencies, as the global cryptocurrency market cap fell to $2 trillion. SHIB/USD price slumps 5%. Source: TradingView At the time of publication, SHIB…

Institutional Investors Say SEC Having More Power to Regulate Crypto Will Boost Prices – Regulation Bitcoin News

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Institutional investors are optimistic about the U.S. Securities and Exchange Commission (SEC) having more power to regulate the crypto market, a recent survey shows. They believe that if the SEC is granted extra powers, the prices of cryptocurrencies will be positively impacted. What Institutional Investors Think About Crypto Nickel Digital Asset Management, a regulated European digital asset hedge fund manager, recently released a report on the institutional adoption of crypto assets. The report includes a survey and interviews with 50 wealth managers and 50 institutional investors across the U.S., the…

The SEC Files A Strike Against Ripple’s Defense. Could It Drown XRP?

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The U.S. Securities and Exchange Commission (SEC) made a surprise attack on the Ripple case by filing a letter of supplemental authority to strike Ripple’s “fair notice” defense. Simultaneously, the token XRP is down 2.33% in the last 24 hours to $0.7 following the market’s downtrend. The SEC’s Surprise Move As the popular SEC vs. Ripple case is expected to be resolved around April this year, the SEC has made a new move that left many wondering if previous expectations could change. The American regulator is using a winning move…

Illicit Crypto Addresses Received $14 Billion in 2021, Only 0.15% of Transaction Volume Associated With Crime – Regulation Bitcoin News

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According to the latest data from Chainalysis, the total cryptocurrency value received by illicit addresses grew to a new all-time high of $14 billion in 2021. Although the new all-time high is almost twice the $7.8 billion that was recorded in 2020, it represents just 0.15% of the 2021 cryptocurrency transaction volume. Percentage of Funds Sent to Illicit Addresses Falling The value of cryptocurrency-related crimes recorded in 2021 surged to a new all-time high of $14 billion, a figure that is almost double the $7.8 billion which was received by…

Crypto regulation concerns make decentralized stablecoins attractive to DeFi investors

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The threat of stablecoin regulation and USDT and USDC centralization are making decentralized stablecoins like MIM, FRAX and UST attractive to DeFi investors. Stablecoins have emerged as a foundational part of the cryptocurrency ecosystem over the past couple of years due to their ability to provide crypto traders with an offramp during times of volatility and their widespread integration with decentralized finance (DeFi). These are necessary for the health of the ecosystem as a whole.  Currently, Tether (USDT) and USD Coin (USDC) are the dominant stablecoins in the market, but…

PayPal Is Exploring Creating Its Own Stablecoin as Crypto Business Grows

PayPal (PYPL) is looking into launching its own stablecoin as the company grows its crypto business, a company spokesman confirmed to CoinDesk on Friday. Sources told CoinDesk in September that PayPal subsidiary Curv was actively working on developing a stablecoin. “We are exploring a stablecoin; if and when we seek to move forward, we will of course, work closely with relevant regulators,” a PayPal spokesman told CoinDesk in an emailed statement. Bloomberg first reported the news after evidence of PayPal’s exploration into building its own stablecoin was discovered in the…

Game Giant Konami Joins NFT Race, To Launch With Castlevania Video Game Franchise

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Video Game Giant Konami is launching a NFT auction to commemorate the “Castlevania” franchise. The box will include 14 tokens, audio files, and poster art showing scenes from early Nintendo games. The auction will begin the next week, January 12, 2022. Konami To Launch With Castlevania Commemorative NFTs The Castlevania 35th Anniversary NFT collection online portal was unveiled by Konami on Thursday. The collection will be auctioned off on the NFT marketplace Opensea. The NFTs from Konami will pay tribute to the franchise, which began with the Nintendo Entertainment System…

Cardano Ecosystem Explodes, Why ADA Could Resume Bullish Trend

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Cardano (ADA) has followed the general trend in the market and records losses across the board. The seventh crypto by market cap trades at $1.22 with a 2.2% and 10% loss in the past 24 hours and 7 days, respectively. Related Reading | What’s Beef? Reviewing The Historic Battle Of Ethereum vs. Cardano ADA on a downtrend in the 4-hour chart. Source: ADAUSDT Tradingview However, Cardano continues to be one of the most active ecosystems in the crypto industry. This won it the title for most active project on GitHub…