Month: January 2022

Massive Crypto & NFT Potential This Year! | Cryptocurrency News

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io » Twitter: 🔥 YMH NFT Discord: » Instagram: #cryptocurrency #ethereum #bitcoin #eth #btc Disclaimer: The content covered on this channel is NOT to be considered as investment advice. I’m NOT a financial adviser. These are only my own speculative opinions, ideas and theories/hypotheses on the market. The technical analysis on this channel is completely speculative and does NOT guarantee any specific result or profit. The technical analysis on this channel has NO proven rate of accuracy and past performance is NOT indicative…

Crypto News Roundup for Jan. 25, 2022

This episode is sponsored by Kava. Today’s Stories: Bitcoin-Ether Ratio Hits 3-Month High, Friday’s Close Pivotal European equities perk up after tumultuous trading day | Financial Times Stock Futures Fall in Wake of Turbulence on Wall Street – WSJ Featured Story: Who Writes the Story of the Metaverse? This episode was edited & produced by Adrian Blust. Source

Decentralized Data Sharing Network ‘Project Galaxy’ Raises $10M

Project Galaxy, a way to rethink how digital credentials are handled in the next generation of the internet, has closed a $10 million funding round co-led by Multicoin Capital and Dragonfly Capital. The way the existing internet has evolved, our data is segregated across many different applications and services, such as behavioral data collected by Google and Facebook, or our credit histories on scoring websites and government agencies. An aggregate data layer connected and incentivized in such a way that applications can query it is lacking, said Project Galaxy co-founder…

Inside the Company Building Japan's Multistakeholder Digital Yen

The Tokyo metro has a unique – and sometimes frustrating – feature. Unlike most subway systems in the world, it is operated by several different companies and a branch of the municipal government, which often means you need different tickets for different lines. Japan’s digital yen might look a lot like that. Tokyo-based DeCurret, with 50-odd employees, is leading the design of the digital yen and coordinates the Digital Currency Forum (DCF), a consortium of 74 of Japan’s biggest banks and firms that look to roll out the digital currency.…

What If We Get Online Privacy Right? A Glimpse of 2035

You have no reason to be. In this 2035 world that respects privacy, thanks to a combination of things that we get right – such as the above “white list” idea, or privacy regulation, or more decentralized solutions, or competitive privacy brokers – you know that your data is not being used to track or target you, and you can relax. Source

Thai regulators team up to issue guidelines on digital assets payments

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The Bank of Thailand (BOT), the Securities and Exchange Commission (SEC) and the Ministry of Finance (MOF) have come together to review and issue guidelines on the use of digital; assets as a payment tool. In a joint press release on Tuesday, Thailand’s top regulatory bodies said that it has become necessary to review and regulate digital assets as a means of payment for goods and services. After careful consideration and assessing all the pros and cons, the joint committee said that the use of digital assets as a widespread…

Kazakh Crypto Miners Cut Off From Electricity Supply Until End of January

Kazakhstan crypto miners will have their energy supply cut off from Jan. 24 until the end of the month, three people in the local industry told CoinDesk. A memo from national grid operator KEGOC, dated Jan. 21 and seen by CoinDesk, said that “the planned supply of electricity to persons engaged in digital mining is completely canceled” from Jan. 24 until midnight Jan. 31. Kazakhstan’s energy grid has been struggling to meet power demand, especially during the winter. KEGOC said it will consider rolling the limitations back if the energy…

Russia's Finance Ministry Opposes Central Bank Call for Crypto Ban

Russia needs to regulate cryptocurrencies, not ban them, according to the head of the financial policy department at Russia’s Ministry of Finance, Ivan Chebeskov. Chebeskov said the ministry opposes the stance of the Bank of Russia, which earlier this month issued a report calling for a full ban on cryptocurrency trading and mining. Chebeskov spoke during a conference on cryptocurrencies held by Russian publication RBK on Tuesday. “We need to regulate, not ban,” Chebeskov said “Regulation is sufficient to protect our citizens.” The Ministry of Finance has prepared a set…

Crypto Ban Proposed by Bank of Russia Met With Opposition in Parliament, Government – Regulation Bitcoin News

The central bank’s push for a restrictive policy regarding cryptocurrencies is not gaining support among members of the Russian government, legislature, or law enforcement. A blanket crypto ban, as proposed by the bank, would make a laughingstock of Russia, lawmakers have warned. Bank of Russia’s Hardline Stance on Crypto Rejected by Other Russian Institutions The Central Bank of Russia’s lobbying for prohibitive legislation on cryptocurrencies has not been met with understanding by other government bodies, Russian media revealed. Last week, the regulator published a consultation paper urging for a wide-ranging…

How Popular Are Crypto Mixers? Here’s What the Data Tells Us

However, even though these privacy options have been around since 2018, the volume data suggests the penetration of CoinJoins has not increased much since the early days. Although more bitcoin has been CoinJoined each year, the highest volume month was just over 65,000 BTC in January 2021 (worth about $2.3 billion, on average), a scant 0.35% of the total bitcoin transacted in that month. Source