Day: February 2, 2022

Japan’s Crypto-Exchanges Body Considers Easing Rules for Token Listings: Report

The Japanese industry body that makes rules for crypto exchanges is considering easing restrictions on listing new tokens, Bloomberg reported on Wednesday. Under the proposed new rules, crypto exchanges will be able to list more than a dozen tokens at once, Bloomberg said, citing people familiar with the matter. The current screening process takes six months or more. The Japanese Virtual Currency Asset and Exchange Association (JVCEA) is responsible for approving token listings for crypto exchanges. The Financial Services Agency (FSA), Japan’s regulator,…

WhiteBIT Crypto Exchange Enters Metaverse via TCG World

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You have probably already noticed how the metaverse is getting more and more popular every day, accelerated by Facebook’s strategic move to rebrand to Meta and develop their own metaverse. We are entering into a generational shift, people are buying virtual land for large sums of money, and big brands such as Nike & Adidas are on their way to developing virtual spaces in blockchain based games such as The Sandbox and Decentraland. TCG World, a metaverse project in which everything that the player owns exists on the blockchain, recently…

ADALend Sign the Contract with Robatz Network for the Cardano Native Decentralized Lending Protocol Development

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ADALend and Robatz Network sign the contract for the development of the decentralized lending protocol. Robatz Network and ADALend represent a significant milestone for developing the lending protocol and will allow both companies to work together to further the development of the protocol, which will ultimately increase the utility of the platform for users. ADALend is a scalable, trustless, and decentralized lending protocol built on the Cardano blockchain. The partnership will allow developers to perform further research to analyze the aggregate protocol environment, including liquidity, swap, UI, and UX. Robatz…

Hodlers beware! New malware targets MetaMask and 40 other crypto wallets

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Security was never the strong suit of browser-based crypto wallets to store Bitcoin (BTC), Ether (ETH) and other cryptocurrencies. However, new malware makes the safety of online wallets even more complicated by directly targeting crypto wallets that work as browser extensions such as MetaMask, Binance Chain Wallet or Coinbase Wallet. Named Mars Stealer by its developers, the new malware is a powerful upgrade on the information-stealing Oski trojan of 2019, according to security researcher 3xp0rt. It targets more than 40 browser-based crypto wallets, along with popular two-factor authentication (2FA) extensions,…

Over $1,570,000,000 Worth of Bitcoin Moved off Crypto Exchanges in Just Seven Days: Insights Firm Santiment

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Crypto analytics firm Santiment says that Bitcoin (BTC) is flying off exchanges at its fastest rate in more than four months, a potentially bullish indicator for the top crypto asset. The crypto insights firm notes in a new tweet that 40,785 BTC, worth over $1,570,000,000 at time of writing, moved off exchanges in the past week, marking the highest weekly outflow total since mid-September. “The continued trend of coins moving to cold wallets is historically good for long-term price movements.” BTC is trading at $38,702.68 at time of writing, up…

BTC price faces crucial trend battle as Bitcoin RSI confirms breakout

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Bitcoin (BTC) may have stopped short of $40,000, but this week’s gains have helped spark a more significant breakout for underlying price strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView RSI breaks a two-month tradition Data from Cointelegraph Markets Pro and TradingView shows that sustained BTC price action above $37,000 this week has allowed the relative strength index (RSI) to diverge from a multi-month downtrend. After going from $36,700 to $39,280 in February, Bitcoin still lacks the momentum needed to challenge $40,000 resistance. That could soon change, however, as one trader…

Indian Budget Provision Allows Government to Define NFTs

The Indian government may be seeking to define just what is or is not a non-fungible token (NFT). Indian Finance Minister Nirmala Sitharaman announced the nation’s budget on Tuesday, revealing it will tax digital assets at a 30% rate. A different section, however, is raising more alarm within the crypto industry. The section in question defined Virtual Digital Assets, the phrase the government used in the budget to describe cryptocurrencies or NFTs. According to the budget, “for the purposes of this clause, (a) ‘non-fungible token’ means such digital asset as…

Crypto Donations to Tor Surged 841% in 2021

Crypto donations to privacy focussed non-profit The Tor Project surged 841% in 2021 compared to the previous year, according to a blog post from Monday. The Tor Project is a non-profit which steers the development of the privacy network and web browser Tor. Tor aims to empower people by helping them achieve better online privacy. On Jan. 31, the team published the results of their biggest fundraising drive, which took place over the last few months of the year. Of $940,000 raised, 58% of donations were from cryptocurrencies. This is…

Tanzanian Fintech Raises $10 Million, Plans to Enter 12 More African Countries – Fintech Bitcoin News

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A Tanzanian fintech startup revealed it has raised $10 million in its latest funding round and is planning to use the funds to finance an expansion into other African countries. Fintech Plans to Enter 12 More Countries by Year’s End The Tanzanian fintech behind an app that enables payments from the U.K. to Africa, Nala, recently revealed it raised $10 million in a funding round backed by Amplo, Accel, and Bessemer Partners. So-called angel investors that participated in this round include the founder of Robinhood, Vladimir Tenev, and Jonas Huckestein,…