Day: February 2, 2022

Bitcoin Consolidates After Yesterday’s Rally – Market Updates Bitcoin News

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Hump-day provided a hurdle for cryptocurrency prices, which mainly consolidated, after a strong start to February. Bitcoin and ethereum were both trading lower during today’s session. Bitcoin BTC/USD followed up yesterday’s rally with a weak showing on Wednesday, falling by as much as 1.13% as of writing. This decline saw prices hit an intraday low of $38,271.44, following a high of $39,115.13 during Tuesday’s market session, which raised hopes for those targeting $40,000. Today’s move saw BTC’s 14-day RSI once again drop below the resistance level of 40, which it…

Progressive group adopts Bitcoin as ING and PayPal block donations

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Progressive International, a global organization supporting progressive left-wing activists and organizers, is moving into cryptocurrencies in response to getting de-banked by major payment and banking firms. The organization took to Twitter on Monday to announce that it now accepts donations in cryptocurrencies like Bitcoin (BTC) and Ether (ETH) to defend itself against attempts to shut them out of the global financial system. Last week, several companies blocked donations to the @progintl campaign of solidarity with Cuba and its ambitions to help vaccinate the world. To defend against attempts to shut…

KDX Launches Pre-Launch Sale On Tokensoft Following X-Wallet Release – Blockchain News, Opinion, TV and Jobs

Kaddex, the powerful, gas free DEX on the Kadena blockchain, have launched their public pre-launch sale on Tokensoft (@TokensoftInc) on February 1st, 2022 at 14:00 UTC, following the recent launch of X-Wallet. Registrations remain open for the sale. This comes following the recent launch of X-Wallet: a web extension wallet that enables seamless decentralized application (Dapp) interaction without its users ever having to leave the web browser, via the Chrome Web Store. KDX’s Public Sale will offer 50,000,000 KDX tokens (5% of the total supply) with the following terms: KDX…

New Chainalysis Report Suggests NFT Crime Doesn’t (Always) Pay

“It’s not a very good idea to get into crime in NFTs because it’s expensive,” said Kim Grauer, Chainalysis’ head of research. “It’s hard to guarantee you’ll be profitable if you wash trade, and if you want to use [NFTs] to launder money, we can trace it, and you will be able to see who’s in possession of the NFT. There’s things that make the NFT space unattractive for crime.” Source

The Crypto User Protection Act of 2022

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Following the stock market crash of 1929, FDR called on the then notorious stock speculator Joseph Kennedy to draft legislation to form the Securities Exchange Commission. The “Securities Acts” were designed to officially form the agency and adopt rules that required issuers of securities to transmit information through the mail to investors containing financial and operational disclosure so informed investment decisions can be made by the People. Other global disclosure frameworks were adopted soon after. The Securities Acts were a legislative response to the speculative “rug pulls” of the 1920s,…

India Confirms ‘It’s Not Illegal to Buy or Sell Crypto’ — Government Will Consult Widely on Crypto Regulation – Regulation Bitcoin News

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India’s finance secretary has confirmed that it is not illegal to buy or sell crypto assets in India. Regarding cryptocurrency regulation, “the government’s approach is to consult widely and also to look at what’s happening internationally,” he explained. Crypto Is Not Illegal in India, Official Confirms Following the announcement on cryptocurrency taxation by Indian Finance Minister Nirmala Sitharaman, Finance Secretary T. V. Somanathan clarified that crypto is not illegal in India. He was asked on Bloomberg Television Wednesday whether the proposed taxation means cryptocurrency will be legalized in India. “Crypto…

Cryptocurrency Market Update: History Is About To Repeat! WE WILL GO UP! Watch In Full For Overview

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Welcome Back Everyone for our daily crypto market update! Hey guys Our Cardano Stake Pool Is Now Live! we are now also on Daedalus wallet too! A Great way to support the Channel and Help Decentralise Cardano’s Network would be to Delegate your ADA to our Stake pool and Stake with AllinCrypto! If you don’t know how to stake we have a video called how to stake cardano we produced yesterday please make sure you are delegating your ADA through the correct…

Major crypto exchanges eye Asian market amid growing regulatory clarity

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Major crypto exchanges originating from Asia as well as from the West have shown an increasing interest in the Asia-Pacific region.  Coinbase launched in Japan last year, joining the selected group of exchanges to offer crypto trading services to native customers. Binance, the world’s leading crypto exchange by trading volume, has forged a series of new partnerships in Singapore, Indonesia and Thailand. The growing interest in global crypto exchanges in Asia could be attributed to the crypto craze in the region, despite regulatory uncertainty in several countries. The Asia-Pacific region…

Dune Analytics Raises Crypto’s Latest Meme Round: $69,420,000

One of Ethereum’s most popular data visualization and analytics platform is gearing up for expansion with a massive fundraising round. On Wednesday, Dune Analytics announced the close of a $69,420,000 round at a $1 billion valuation. (The meme-flavored sum follows crypto exchange FTX raising $420,690,000 last October.) The round was led by Coatue, a venture behemoth that, until recently, hasn’t been active in the cryptocurrency space. However, according to Dune CEO Fredrik Haga, the investment firm – which has big bets on OpenSea, Alchemy and Dapper Labs – was aggressive in…