Day: February 11, 2022

Meet The Man Behind Universe Island – Press release Bitcoin News

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press release PRESS RELEASE. Universe Island – the name in itself gives away a major hint of what the game beholds, that is, a whole metaverse offering a wide range of features! Universe Island is a play-to-earn game that offers a classic third-person, 1vs1 shooting theme experience. However, a key factor that adds dimension to it and takes your gaming experience to a whole new level, is the NFT integration, In-Game NFT Gallery and Augmented Reality and story-driven experience meant to be enjoyed by the players. This game is unique…

Here’s why Bitcoin traders shouldn’t overanalyze US inflation data

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Analysts and pundits will scramble to find some angle to explain intra-day price action whenever important economic numbers are published and this practice is commonplace in the crypto sector.  When the United States Bureau of Labor Statistics reported a 7.5% increase in the Consumer Price Index (CPI) on Feb. 10, traders rushed to find some connection to the crypto price action. However, historical correlation data shows investors should actually closely scrutinize whether there is even a relation between Bitcoin (BTC) and major economic indicators.  General investment advice would suggest that…

Former Attorney Pleads Guilty to Bitcoin Fraud That Bilked Investors Out of $5M

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According to the charges, Reichenthal and Levine engaged in two fraudulent schemes. In the first one, in 2018, Levine induced a man to wire over $3 million to Reichenthal from an over-the-counter crypto broker to fund the purchase of bitcoin, which was never made. In the second, in 2019, Levine persuaded a Florida man to send over $2 million to Reichenthal for buying bitcoin, which he also never purchased. Original

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CBDCs Are Going to Disappoint

The world’s first central bank digital currencies (CBDCs) outside mainland China will start arriving in 2022. Indeed, a couple, like the Bahamas sand dollar and the Nigerian eNaira, have already arrived. And people should have appropriate expectations, because these early CBDC pilots are going to disappoint central bankers, blockchain enthusiasts and, most likely, end users as well. Source

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST – Bitcoin News

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On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with…

India’s finance minister waiting for consultations to decide whether to ban or regulate crypto

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Yet another statement by a top Indian official suggests that regulatory uncertainty around the status of digital assets in the country will persist in the near term. Responding to the general discussion of the 2022–23 Union Budget at Rajya Sabha, the upper chamber of India’s bicameral parliament, finance minister Nirmala Sitharaman stated that she was not going to “legalize or ban” cryptocurrency at this moment. The minister added that “Banning or not banning will come subsequently,” when the ministry reviews input from consultations. Sitharaman also mentioned that the state has…

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