Month: January 2022

Bogdanoff crypto-meme twins pass away at age 72

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Raise a glass today to the twin characters behind the famous “pomp eet” cryptocurrency meme. The French television presenters died within one week of each other aged 72.  According to Le Monde, the two brothers were hospitalized on Dec. 15 and transferred to the intensive care unit of a Paris hospital after contracting COVID-19. Grichka died on Dec. 28, and Igor died six days later, on Jan. 3. The twins became famous in France in the 80s, hosting a popular TV show called Temps X and selling a best-selling book…

Nexo co-founder targets Bitcoin at $100K by mid-2022

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Another promising price prediction has appeared for Bitcoin bulls in 2022. Antoni Trenchev, co-founder and managing partner of Nexo said that Bitcoin could hit the $100,000 milestone as soon as the summer in an interview with CNBC. Despite BTC opening the year with bearish price action, while the fear and greed index shows “extreme fear,” the Bulgarian business mogul set the record straight: “Every time that investors and the broader community write off Bitcoin, it outperforms significantly. This has been the case in 2020–when it rallied close to 1,000%, and…

CRV Extends Rally as ‘Curve Wars’ Intensify

CRV, the governance token of decentralized exchange (DEX) Curve.Fi, is extending its five-month winning streak as the battle between DeFi protocols for control leads to a demand-supply imbalance. CoinDesk data shows CRV has gained 23% this month, with prices rising 12% to $6.56 in the past 24 hours. The token rallied 127% in the final quarter of 2021 even as market leader bitcoin rose just 5%. As of Tuesday, about 86% of the token’s $3 billion supply is locked up in various DeFi, or decentralized finance, protocols, according to CoinMarketCap.…

China’s central bank releases pilot version of digital yuan wallet

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As China’s central bank steps up its effort to create a digital currency, the country has released a pilot edition of its digital yuan wallet application on mobile phone app stores. The People’s Bank of China (PBOC) digital currency research institute developed the “e-CNY (Pilot Version)” app, which was available for download on Chinese Android and Apple app stores on Tuesday in Shanghai. According to a tweet from BlockBeats, a local news source, individual users in China now can download an earlier version of the app to test opening and…

Third-largest whale celebrates Bitcoin’s birthday with 456 BTC buy

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It’s now been 13 years since the genesis block of the Bitcoin blockchain was created. To commemorate the occasion, the third-largest Bitcoin (BTC) whale appears to be back after the new year holidays, and they have just completed the first sizable purchase of 2022. On Tuesday, the third-largest Bitcoin address added 456 BTC at an average price of $46,363, equivalent to around $21 million, according to data from BitInfoCharts. 456 #BTC (21,161,750 USD) transferred from #Coinbase to unknown wallethttps://t.co/1rWMaIYR0y — Whale Alert (@whale_alert) January 3, 2022 At the time of this writing, the…

Binance Labs leads $12M round for DeFi platform WOO Network

Decentralized finance (DeFi) liquidity provider WOO Network has secured additional funds in a Series A funding round. Incubated by quantitative trading heavyweight Kronos Research, WOO Network has pocketed an additional $12 million strategic investment in a a Series A+ funding round led by Binance Labs. The fresh funding, announced by Binance Labs on Tuesday, builds upon WOO Network’s $30 million Series A funding round. WOO Network is known for adding liquidity to tens of institutions, exchanges, trading teams, wallets and decentralized applications. DYDX, Matcha, ParaSwap, 1inch and DODO are the primary…

European Markets Regulator Seeks Feedback on Regulation of Tokenized Securities

The European Union’s markets regulator is seeking feedback on whether regulations need to be amended to accommodate tokenized securities. The European Securities and Markets Authority (ESMA) is seeking submissions from stakeholders on the use of blockchain technology in the settlement and trading of tokenized securities. Specifically, ESMA is exploring whether existing rules need to be amended to be effective for securities traded using distributed ledger technology (DLT). The agency’s “DLT Pilot” will explore how data stored on a blockchain could enable more efficient, secure and cost-effective trading and settlement of…

New UK Information Commissioner begins term

John Edwards begins his new role as UK Information Commissioner today (Tuesday 4 January). Mr Edwards, who joins on a five year term, spent the past eight years as New Zealand Privacy Commissioner, and before that worked as a barrister. He succeeds Elizabeth Denham CBE, whose term as UK Information Commissioner ended last year. Mr Edwards said: “Privacy is a right not a privilege. In a world where our personal data can drive everything from the healthcare we receive to the job opportunities we see, we all deserve to have…

Blockchain gaming community raises $1.4M to help typhoon victims

The Philippines, a country that’s already been struggling to get back on its feet because of COVID-19, has been hit by a catastrophic super typhoon. Back on Dec. 16, 2021, the typhoon hit landfall and went on a rampage for four days, leaving 334 cities and municipalities in a state of calamity.  As of Jan. 1, more than 4 million individuals were either displaced or injured, with 407 dead and 88 still missing, according to the Philippines’ National Disaster Risk Reduction and Management Council. A day after the typhoon hit the…