Day: February 9, 2022

Bitcoin dated futures with physical settlement go live on Eqonex

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The Nasdaq-listed digital assets financial services company Eqonex has launched a new type of Bitcoin (BTC) investment product, a BTC dated futures contract with a physical settlement. Announcing the news on Wednesday, Eqonex explained that its BTC dated futures are denominated in the USD Coin (USDC) stablecoin and increase in parallel with the BTC price increase against USDC. In contrast to perpetual futures, which have no maturity limit, dated futures expire at a pre-set date and time frame like each month or each quarter, Eqonex noted. โ€œAny position in a…

Russian Government Approves Plan to Regulate Cryptocurrency โ€“ Regulation Bitcoin News

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The federal government in Moscow has adopted a concept for regulating the Russian crypto space as early as this month. The new framework is expected to place cryptocurrency flows under state oversight, introduce strict obligations for market participants, and ensure investor protection. Russian Authorities Move to Legalize Crypto Economy The Russian government โ€œhas determined the future of digital currencies in Russia,โ€ an announcement published late Tuesday stated. The executive power in Moscow elaborated that the plan is to integrate the circulation of cryptocurrencies into Russiaโ€™s financial system. The cabinet also…

Bitfinex-backed LEO soars to record high on supply crunch expectations

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Unus Sed Leo (LEO) surged by almost 70% on Feb. 9 to reach its record highs as traders assessed the potential of an incoming supply crunch in its market. The token was issued in 2016 to refinance crypto exchange Bitfinex after it lost about $70 million worth of Bitcoin (BTC) in a hacking incident. In its original whitepaper explaining LEO, Bitfinex had promised that if they could recover the lost funds, they would use 80% of the proceeds to buy back and burn LEO. Around 80% of stolen Bitcoin recovered…

My Token – Scam or Real | My Earning Exposed | Cryptocurrency

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Are Current Ethereum Layer 2 Networks Cheap Enough?

Even without token subsidies, these rollups have seen significant adoption and are highlighting the demand for cheaper access to Ethereum. Arbitrum, for example, currently has over $2 billion in total value locked (TVL) and is home to a DeFi ecosystem that is beginning to show some promise. However, Buterin believes rollup fees must be even cheaper if they are going to encourage adoption in payments, gaming, and Web 3-focused products. Source

Bitcoin Price Enters Disbelief Zone! [Crypto News 2021]

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The Next NFT Gaming Revolution

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Non-Fungible Tokens (NFTs) have become the go-to killer application for the gaming sector. The reason is simple: NFTs are a form of asset whose ownership is recorded on Blockchain and corresponds to a unique and specific digital piece of art, image, video โ€“ or in-game tool. This means that, for the first time ever, gamers can finally earn money with their talent (play-to-earn gaming), and metaverses can turn gameplay elements (characters, accessories, and even virtual land) into tradable assets with real-world value. Unsurprisingly, NFT gaming is experiencing a head-spinning period…

Russian Government Eyes $13 Billion in Taxes From Crypto Economy โ€“ Taxes Bitcoin News

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Authorities in Moscow expect to collect more than $13 billion as tax payments from the Russian crypto market, according to a government document quoted by media. The estimate comes as Russian institutions are holding discussions on the future of cryptocurrencies in the country. One Trillion Rubles to Enter State Coffers as Crypto Taxes, Russian Analysts Say While ministries and regulators are debating over Russiaโ€™s future crypto policy, a document leaked to the press has provided details about the conversations. Sources recently quoted by Bloomberg revealed that, according to an estimate…