Month: January 2022

Averted a year ago, controversial transaction monitoring rule is back on Treasury’s radar

boss

As the Department of the Treasury has announced its regulatory agenda for the fiscal year earlier today, many in the web3 space have likely experienced flashbacks to December 2020, when the agency had first proposed to impose know your customer, or KYC, rules on transactions that involve self-custodied crypto wallets. The Treasury’s semiannual agenda and regulatory plan, a document that is meant to inform the public of the department’s ongoing rulemaking activities includes and encourage public feedback, features a clause entitled “Requirements for certain transactions involving convertible virtual currency or…

The Review of the Project and Its Opportunities

boss

The decentralized finance (DeFi) market opens up plenty of opportunities for earning, as well as cutting costs on loans and reducing transactional costs. At the same time, many users face issues upon attempting to transfer to new instruments. For example, very often entering into DeFi platforms is accessible only to tech-savvy people. This and many other problems of the decentralized finance field were solved by BaksDAO developers. Let’s dive deeper into its features and growth opportunities. What is BaksDAO BaksDAO is a multifunctional decentralized finance (DeFi) platform that among other…

Top 5 Mining Apps for Android – Crypto Mining on Android

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Make money on your Android phone with my personal TOP 5 Crypto Mining Apps! 1. Hi Dollars 👉 and use the referral code “RauchenwaldZ” (without the quotes). 2. Phoneum Cloud Earning 👉 and use the invitation code “6jq3nyre” (without the quotes). Phoneum Crypto Cards 👉 and use the invitation code “avszsrtu” (without the quotes). Phoneum Crypto Treasures 👉 and use the invitation code “6jq3nyre” (without the quotes). 3. GEOcash 👉 and use the referral code “RAUCHENWALDC_EUW2M9” (without the quotes). 4. TimeStope 👉…

Bitcoin Bears To Resume Assault? Why BTC Could Crash To $33K

boss

Bitcoin has been trading around its current levels for several days, leading to an apparent shift in sentiment across the crypto market. As BTC’s price trend to the upside after the U.S. Federal Reserve FOMC meeting, there seems to be an increase in optimistic on the crypto market. Related Reading | TA: Bitcoin Faces Hurdle, Why BTC Could Resume Downtrend In the short term, our Editorial Director Tony Spilotro has identified a TD Sequential buy signal on the 12-hour chart. As seen below, he highlighted a 13-buy setup with a trend…

Litecoin is finally launching its major Mimblewimble upgrade

After two years of development, Litecoin (LTC) has finally launched its highly anticipated Mimblewimble upgrade, opening the door to more privacy-oriented transactions on the network.  Mimblewimble’s integration into Litecoin came by way of the Mimblewimble Extension Block, also known as MWEB, which allows the network’s users to opt-in to confidential transactions. MWEB lead developer David Burkett, who has been sponsored by the Litecoin Foundation, said the upgrade improves Litecoin’s viability as a fungible currency that can be used for everyday transactions, pay employee salaries and even purchase real estate. Mimblewimble…

Put Your Crypto to Work

Institutions have quickly become the key players in both the mining and staking spaces. As companies look towards experts to guide them through how to best maximize their efforts, the need for services to meet this demand is higher than ever. For the first time, Foundry CEO, Mike Colyer, and Genesis CEO, Michael Moro, will discuss how to navigate available solutions so institutions can best optimize their assets and continue to earn. Join Mike and Michael in this rare opportunity to hear from two DCG subsidiaries on the evolution of…

What is it like to work for a DAO?

“People are self-organizing into groups of things that they want to do,” says Rafa. “People have realized, ‘Oh shoot, I can just do interesting work, and people give me money?’” Before helping to launch Mirror DAO (a Web 3 publishing platform), Rafa studied organizational behavior for years. He came to the conclusion that most of the bureaucracy, waste and bloated tiers of management in corporations exist for a simple reason: Companies were stuck trying to get people to do work they didn’t really want to do. That’s why we have…

Crypto News Roundup for Jan. 31, 2022

This episode is sponsored by Kava. Today’s Stories: Excessive Volatility Hindering Further Mainstream Adoption of Bitcoin, JPMorgan Says Stock Futures Waver on Final Day of Tumultuous Month – WSJ Bitcoin’s Put-Call Ratio Hits 6-Month High as Negativity Rules Morgan Stanley Says Bitcoin’s 50% Correction Is Nothing New U.S. Treasury yield curve to flatten, possibly invert this year Then and Now: How This Fed Liftoff Is Nothing Like That of 2015 Blockchain Firm Valereum Acquires 90% of Gibraltar Stock Exchange Russian Government Agrees on Road Map to Regulate Crypto: Report Rio…

WEF’s blockchain head will lead the Crypto Council for Innovation

Sheila Warren, the head of blockchain and distributed ledger technology at the World Economic Forum, will be assuming the position of chief executive officer of the Crypto Council for Innovation, or CCI, starting in February. In a Monday announcement, the CCI said that beginning on Feb. 2, Warren would lead the alliance of crypto-friendly firms aimed at supporting lawmakers on crypto and blockchain regulation. CCI board member and Coinbase co-founder Fred Ehrsam cited the WEF executive’s “in-depth knowledge of crypto” in addition to her experience working with governments across the…

Bottom ahead? Solana paints its first ‘death cross’ as SOL losses 50% in January

boss

Solana (SOL) looks poised to paint its first “death cross” this week, raising fears that its ongoing selloff would continue further into February. Real selloff threat Notably, the SOL price’s 50-day exponential moving average (50-day EMA; the red wave) will eventually close below its 200-day EMA (the blue wave), signaling a bearish crossover, called death cross, that typically prompts traders to sell. SOL/USD daily price chart featuring its 50-200 EMA death cross. Source: TradingView The threat surfaces as SOL looks to close January at nearly a 50% loss — as…