Day: February 1, 2022

$2.5B in stolen BTC from Bitfinex hack awakens

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A chunk of the inactive Bitcoins (BTC) stolen in the 2016 Bitfinex exchange hack has moved from the hacker’s wallets to an unknown wallet on Tuesday, as detected by blockchain analytics bot Whale Alerts. 20 transactions involving the stolen Bitcoins were flagged. A sum of 64,641.29 BTC, worth almost $2.5 billion at the time of writing, was moved. This is more than half of the total amount seized by the hackers which are estimated to be around 120,000 BTC. The biggest transaction detected was around 10,000 BTC, worth over $383…

How To Find Low Market Cap Crypto Gems (Cryptocurrency Gems 2021)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Topic: How To Find Low Market Cap Crypto Gems (Cryptocurrency Gems) ▶️ Check out the Merchant Token here: Messari: CMC: Finding low market cap crypto gems can be worth more than gold, seriously. If you get into projects while their market cap is still small, the potential gains you could make are massive. Remember that all cryptocurrency is extremely volatile, and that your capital is at risk. But if you’re risk-tolerant like me, then you could potentially pull off a life-changing investment.…

Bitcoin market cap dominance hits 2-month high as altcoins struggle

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Bitcoin (BTC) is retaking market share from altcoins after its market capitalization dominance hit its highest since November 2021 last week. Data from CoinMarketCap and TradingView reveals BTC briefly accounted for over 42% of the overall crypto market cap in late January. Bitcoin claws back market cap presence Having suffered on the way down from its all-time price highs in November, the latest moves have allowed Bitcoin to reclaim some of its lost ground against altcoins. Previously, attention was focused on major tokens such as Ether (ETH), Solana (SOL) and…

Mark Zuckerberg’s stablecoin project Diem officially shuts down

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Meta, formerly branded as Facebook, has officially announced the closure of its digital currency project Diem after years of major efforts to move forward with the initiative. Announcing the news on Monday, Diem CEO Stuart Levey confirmed that Meta is selling intellectual property and other assets related to the Diem stablecoin project to its Silvergate Capital Corporation. The Diem Association and its subsidiaries will start winding down operations “over the coming weeks,” Levey said. The association, however, is still confident that Diem’s ideals will continue to thrive even after Meta…

Bitcoin is a ‘superior form of money’

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Fidelity, the multinational brokerage giant, released a paper on Bitcoin (BTC) titled Bitcoin First. The financial services provider calls for BTC to be treated separately from the rest of the digital assets. The paper argued that BTC is fundamentally different from the hundreds of other digital assets trading in the market and no other digital asset is likely to overtake the top cryptocurrency “as a monetary good.” Fidelity’s paper called Bitcoin a superior form of money rather than just a tech. It is the most ”secure, decentralized form of asset…

GameFi Faces Regulatory Headwinds in Major Asian Markets

In the first few weeks of the year, a considerable amount of capital was allocated to investment pools looking for the next big thing in GameFi — the collision of crypto and gaming. In January, FTX established a $2 billion fund to target gaming; shortly after Singapore’s Crypto.com Ventures upped its $200 million fund to $500 million saying that gaming was one of the investment themes it planned to double down on. This enthusiasm that crypto investors have for gaming is matched by executives at some of the gaming industry’s…

Crypto Market Analysis Pakistan banks warning cryptocurrency investment

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #ilmeaalim, #cryptodaily, #CryptoNews Pakistani Banks are warning their clients in using their banking services for crypto investments, in this video I’ve analysis the latest updates regarding crypto policy of government and shared some news related to crypto policies adopted by modern countries. I’ve also address few questions regarding starshark game. Want to join my Binance Team? Click Here: Want to Join my Huobi Team? Click here: Want to join my OKEX Team? Click Here Don’t forget to socialize with us through Facebook:…

India to introduce 30% crypto tax, digital rupee CBDC by 2022-23

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In a speech discussing the budget for 2022, Indian finance minister Nirmala Sitharaman announced the launch of a central bank digital currency (CBDC) by 2022-23 as means to boost the country’s economic growth.  Sitharaman highlighted the need for digital inclusion across numerous business verticals while announcing the fund allocation set in the Union Budget. Speaking about the launch of a digital rupee, she added that the introduction of a CBDC will provide a “big boost” to the digital economy. She also highlighted the possibility of a more efficient and cheaper…