Month: January 2022

Ether drops below $3,800, but traders are unwilling to short at current levels

boss

Even though Ether (ETH) reached a $4,870 all-time high on Nov. 10, bulls have little reason to celebrate. The 290% gains year-to-date have been overshadowed by Dec.’s 18% price drop. Still, Ethereum’s network value locked in smart contracts (TVL) increased nine-fold to $155 billion. Looking at the past couple of months’ price performance chart doesn’t really tell the whole story, and Ether’s current $450 billion market capitalization makes it one of the world’s top 20 tradable assets, right behind the two-century-old Johnson & Johnson conglomerate. Ether/USD price at FTX. Source:…

Oscar-Winning Rapper Eminem Purchases Bored Ape Yacht Club NFT for $462K

Award-winning rapper Eminem has joined the Bored Ape Yacht Club (BAYC), purchasing one of the non fungible token (NFT) apes Thursday on the OpenSea platform for 123.45 ether, nearly $462,000. Eminem quickly made the ape, who wears a brown military-style hat, hip hop clothing and dazed expression, his Twitter profile picture. The Detroit native has acquired about 20 NFTs on OpenSea under the name Shady_Holdings. Eminem, whom Rolling Stone Magazine named one of the 100 Greatest Artists of All-time, won the 2002 Oscar for Best Original Song, and has garnered…

Mexico Announces It Will Issue Its Own Digital Coin by 2024 – Bitcoin News

boss

The government of Mexico announced that the country’s central bank will issue its own digital currency. The statement of the official account of the presidency of Mexico informed that the development should be ready towards 2024, and remarked about the importance the technology has for the future of the financial structure of the country. Banxico to Issue Digital Peso A statement issued by the official account of the presidency of Mexico on Twitter reported that the institution was planning to issue its own digital currency. The announcement also…

Bitcoin’s $6.1 billion options expiry was not enough to break the bearish sentiment

boss

Bitcoin’s (BTC) price has been ranging between $46,000 and $52,000 for 26 days. Despite the large nominal $6.1 billion year-end options expiry, the bullish and bearish instruments were evenly balanced between $44,000 and $49,000. Therefore, it was no surprise that the $47,175 price at 8:00 am UTC on Dec. 31 brought little change to the price structure. Even the 3% rally to $48,500 following the event failed to sustain itself, signaling that bears are unwilling to cede their upper hand. Bitcoin/USD price on Coinbase. Source: TradingView Bulls might have interpreted…

NFTs to help brewers and farmers preserve UNESCO Belgian beer heritage

boss

Brewers and farmers from Belgian Barrels Alliance (BBA) have partnered with Zeromint to offer nonfungible tokens (NFTs) aimed at preserving the UNESCO recognized Belgian beer culture and heritage.  As a part of the partnership, Zeromint will mint and offer exclusive NFTs on the GoChain blockchain, which will be made available for international beer fans via BBA. Starting today, the organization will run several BBA NFT collection projects around sustainability and the preservation of Belgian beer heritage for the next 14 days. According to the official statement, the first Belgian Barrels…

Gibraltar Stock Exchange Receives Purchase Proposal by Blockchain Firm – Bitcoin News

boss

The stock exchange of Gibraltar, a British territory, has received a purchase offer by a blockchain firm called Valereum. The purchase, that is set to occur in the new year, if effective, might make the Gibraltar Stock Exchange the first bourse where cryptocurrencies and stocks could be traded with cryptocurrencies. Regulators are currently reviewing this offer. Gibraltar Could Become a Crypto Haven Gibraltar might make history as the territory in which the first mixed bourse, with crypto assets and stocks available for investors, operates. The main bourse of…

South Korean Lawmaker Says He Will Start Accepting Crypto Donations in the New Year – Crowdfunding Bitcoin News

boss

Lee Kwang-jae, a South Korean lawmaker, recently stated that he will be accepting cryptocurrency donations starting mid-January 2022. According to the politician, this plan represents his attempt to raise awareness about cryptocurrencies and non-fungible tokens among South Koreans. Donations to Be Converted Into Korean Won A Korean lawmaker, Lee Kwang-jae, has said he will start accepting cryptocurrency donations sometime in mid-January of 2022. According to the lawmaker, anyone that wishes to sponsor his campaign will be able to do so by directly transferring funds to his office wallet. As explained…

Indian taxman recovers $6.62M from WazirX for evading tax on commission

boss

Indian crypto exchange WazirX has reportedly paid over $6.62 million (49.2 crore rupees) following non-payment of Goods and Services Tax (GST) on trade commissions. The total recovery includes the pending tax of $5.43 million (40.5 crore rupees), the interest and a penalty for non-payment. Government officials from the Central GST and Central Excise committee (CGST Mumbai Zone) recovered the funds from the crypto exchange after detecting a GST evasion of $5.43 million on the commissions. A typical GST fraud involves creating fake invoices without actually moving the goods between the…

Malaysia Seizes 1,720 Bitcoin Mining Machines in Electricity Theft Crackdown – Bitcoin News

boss

Police in Malaysia have shut down a bitcoin mining operation and seized 1,720 bitcoin mining machines in a major electricity theft crackdown following public complaints. “Police inspected 75 premises around the district and 30 of them were found to be carrying out illegal bitcoin mining activities and stealing electricity.” Malaysian Authorities Shut Down Bitcoin Mining Operation Malaysian police have cracked down on a major electricity theft case involving bitcoin mining, local media reported. Perak police chief Datuk Mior Faridalathrash Wahid said at a press conference Thursday at the Manjung district…

Canadian Regulator Insists Binance Is Unauthorized, Calls the Crypto Exchange’s Letter to Users ‘Unacceptable’ – Regulation Bitcoin News

boss

The Ontario Securities Commission (OSC) claims that Binance has rescinded its commitment to comply with previously agreed requirements. The crypto exchange told the regulator that there would be no new transactions involving Ontario residents after Dec. 31. However, Binance recently informed its Ontario users that they no longer have to close their accounts by year-end. OSC Says Binance’s Action Is ‘Unacceptable’ Cryptocurrency exchange Binance got into trouble with the Ontario Securities Commission (OSC) Thursday. Binance notified its users in June that Ontario was becoming a restricted jurisdiction and users may…