Month: January 2022

Thai Authorities Plan to Regulate Crypto as Means of Payment

Thailand’s financial authorities plan to regulate the use of digital assets as a means of payment for goods and services, the Bank of Thailand, Ministry of Finance, and the Securities and Exchange Commission of Thailand said in a press release. Regulators will consider exercising their power to limit the use of crypto for payments, and will issue new guidelines for certain digital assets that support the financial system and innovation without posing systemic risk, according to the statement on Tuesday. Crypto firms have expanded their business to offer payment services…

How To Design A Bitcoin Investment Website With WordPress in Nigeria, UK, US, (2021 Broker Script)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This video will step by step teach you How To Design A BITCOIN Investment Website With WORDPRESS NIGERIA (2021 Broker Script) If you are into CRYPTOCURRENCY trading or FOREX trading and you want people to invest with you, for a daily fixed interest rate, and even have a script that supports multiple admin with different access levels then this investment script is all you need people outside Nigeria to get access to script that is use to design this btc site click…

South Korean Crypto Exchange Bithumb Will Block Unregistered Wallets

Bithumb, one of South Korea’s largest crypto exchange by trading volume, will stop accepting wallet addresses that haven’t been properly registered with the exchange, as it enforces the travel rule, according to an official blog post on Monday. The travel rule, recommended by the intergovernmental Financial Action Task Force, requires exchanges to collect data about transactions and share them with authorities when they exceed a certain threshold. Starting Jan. 27, Bithumb users will not be able to withdraw or pre-register using wallets such as MetaMask that are not tied to…

Bitcoin-Ether Ratio Hits 3-Month High, Friday's Close Pivotal

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The bitcoin-ether ratio rallied to the highest level in three months on Monday as adverse macroeconomic conditions unexpectedly took a bigger toll on the native token of Ethereum’s blockchain. The ratio climbed to 15 on Monday, hitting the highest since Oct. 25, a chart provided by TradingView shows. Bitcoin has consistently outshined ether over the past six weeks, evidenced by the ratio’s 32% increase since Dec. 8. While ether has declined 45% since then, amid heightened expectations of a U.S. Federal Reserve interest-rate increase, bitcoin, despite being considered an inflation…

Bitcoin Recovers to $36K Amid Mixed Response From Traders, Polkadot Leads Altcoin Gains

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“The determination of a bull/bear market is not as clear as previous cycles, due to the structure of the market changing drastically with institutions entering the space,” said Marcus Sotiriou, an analyst at crypto broker GlobalBlock, in a mail to CoinDesk. “It is apparent that Bitcoin is in a ranging environment (between $29,000 to $69,000 approximately) rather than a trending environment.” Original

MicroStrategy Will Continue Bitcoin Buying Unfazed by Market Plummeting: Report

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Bitcoin-accumulating software company MicroStrategy will continue investing in the cryptocurrency despite the recent slide in the asset’s value, the company’s CFO said. The business intelligence company’s strategy is to “buy and hold,” Phong Le said, according to a report in the Wall Street Journal (WSJ) Tuesday. CEO Michael Saylor has made bitcoin acquisition a key goal for the company. As of the end of 2021, MicroStrategy held around 124,391 bitcoin, which it had purchased at an average price of $30,159. The crypto market has lost $1.3 trillion in value in…

How Tezos’ New Partnership Could Create the New ‘Visa’ of Crypto

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Last week, a report from Bank of America predicted that smart contract platform Solana is expected to become the “Visa” of digital assets. The report explained that while the Ethereum blockchain was a popular choice due to its security and decentralization, it suffered in its scalability. As an attractive alternative, Solana’s prioritization of micropayments regarding gaming and NFTs allowed for a utility similar to that of Visa, but for crypto. “Solana could become the Visa of the digital assets ecosystem. Ethereum’s prioritization could optimize it for high-value transactions and identity,…

Indonesia's Regulator Warns Financial Firms Against Offering Crypto Sales: Report

Indonesia’s Financial Services Authority (OJK) warned firms against offering sales of crypto, according to a Reuters report Tuesday, though trading is legal in the country. Financial institutions are strictly prohibited from “using, marketing, and/or facilitating crypto asset trading,” the OJK said in an Instagram post, according to Reuters. “Please beware of allegations of Ponzi scheme scams in crypto investments.” Trading of crypto is permitted in Indonesia and is regulated by the Commodity Futures Trading Regulatory Agency. It is estimated that as many as 7.4 million Indonesians were invested in crypto…

XDC Network Takes Center Stage Amid Solana Network Crash

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Solana’s (SOL) network crashed for the sixth time. Smart Contract Developers are now eyeing alternative blockchain networks LUNA, BSC and XDC Network The crypto world continues to develop its technology to provide the best blockchain experience to all its users in the space. However, sometimes due to unavoidable circumstances, problems occur unexpectedly. This time, Solana (SOL) experienced a network crash for the sixth time. As a result, the crypto community cannot stop thinking if SOL will have the same faith as EOS. This Solna Network Crash made author and crypto…

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