Day: February 9, 2022

TMX Group Canada to unveil crypto futures product later this year

In response to institutional investors’ concerns about the risks of trading in a new asset class, TMX Group, Canada’s major stock market operator, has revealed plans to launch its first-ever crypto futures product. While speaking to Reuters, TMX Group’s John McKenzie said that the firm plans to release the product on the Montreal Exchange later this year. According to Mackenzie, “more institutional investors and dealers are […] holding more crypto assets within their portfolios or for their clients or in ETFs,” adding they are working on how to mitigate risk…

4 Unanswered Questions About the Bitfinex Hack

Yesterday we got stunning news of the arrest of a New York couple, Ilya “Dutch” Lichtenstein and Heather R. Morgan, for their alleged role in attempting to launder bitcoin now worth a staggering $4.6 billion. That bitcoin was stolen from the global exchange Bitfinex in August 2016, and in the half-decade since then, there has been little additional insight into the attack. Source

Mining Bitcoin With Natural Gas For A Clean Crypto Future | Business of Climate Change | Forbes

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Cryptocurrency and the blockchain technology that underlies it is responsible for creating assets worth billions of dollars, but the digital “mining” of Bitcoin and other cryptocurrencies is an energy intensive process requiring thousands of computers.  But the energy geared towards mining cryptocurrency doesn’t necessarily have to harm the environment. Some cryptocurrencies are moving towards forms of mining that are less energy-intensive. Others have protocols that require the use of renewable energy.  Miners producing Bitcoin and similar cryptocurrencies are also working to take…

Olympic Games Jam Beijing 2022

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Olympic Games Jam: Beijing 2022 is the Winter Olympic’s official play-to-earn multiplayer mobile game, created in collaboration between Animoca Brands-owned nWayPlay game studio and the International Olympics Committee. The app is currently only available on the Google Play store for Android phones, with no official release date for iOS devices yet. In the Olympian spirit, Cointelegraph played the newly launched game and reviewed the experience. Olympic Games Jam: Beijing 2022 Unveiled! Learn more about the new Play-To-Earn game here: https://t.co/q7dRTFCkmk #NFT #WinterOlympics pic.twitter.com/93rUDpmMj4 — Olympics Games Jam (@OlympicGamesJam) February 3,…

Binance Gives Surprise Support to Crypto Exchange Utility Token, Causing Price Spike

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The utility token of a popular crypto exchange is seeing a boost after a price spike caused by a surprise Binance listing. On Monday, Binance announced plans to list the native token of liquidity network platform WOO Network (WOO). “Binance will list WOO Network (WOO) and will open trading for WOO/BNB, WOO/BTC, WOO/BUSD and WOO/USDT trading pairs at 2022-02-08 06:30 (UTC). Users can now start depositing WOO in preparation for trading Withdrawals for WOO will open at 2022-02-09 06:30 (UTC).” WOO is an ERC-20 coin and the native utility token of WOO…

Lebanon Planning to Devalue Currency by 93%, Depositors to Lose $38 Billion – Economics Bitcoin News

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The Lebanese government is reportedly planning to devalue the local currency by up to 93% in a desperate bid to receive funding from the International Monetary Fund (IMF). As part of the plan, a major portion of foreign currency deposits in the banking system will be converted into local currency at different exchange rates. Bailout Only Path Out of Crisis In a bid to tackle its financial crisis, the Lebanese government is reportedly pursuing a plan that will see the country’s local currency being devalued by 93%. In addition, the…

After Three Months Of Fearful Market, Bitcoin Sentiment Turns Greedy Again

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Data shows the Bitcoin market has turned greedy again after almost three months of fear sentiment among investors. Bitcoin Market Becomes Greedy Again After Almost Three Months Of Fear The relevant indicator here is the “fear and greed index,” which tells us what the general sentiment among investors currently is. The metric uses a numeric scale that goes from zero to hundred for representing this sentiment. All values below fifty fall into the “fear category,” while those above belong to “greed.” When the index shows extreme values of above 75…