Day: February 14, 2022

Iran aims to develop a central bank digital currency

As payment methods continue to evolve, new innovations are improving financial infrastructures that have been in use for years. Currently, central bank digital currencies (CBDCs) are a topic that has grabbed the attention of many nations worldwide including the Islamic Republic of Iran. The Middle Eastern nation has faced considerable economic and financial hardships due to sanctions imposed on it by the United States and believes that piloting a CBDC can resolve problems associated with the blockade. Furthermore, some view a CBDC as a potential solution to the country’s perceived…

UK Tax Regulator Seizes NFTs for First Time as Part of Fraud Investigation

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…

Polygon and Cere network to launch Web3 media platform, DaVinci

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The Layer 2 scaling solution Polygon (MATIC) and Cere Network, a Decentralized Data Cloud platform, or DDC, announced the launch of their joint venture Web3 media platform, named DaVinci. Their stated mission is to store NFT-backed assets more securely, and ensure verifiable and truly decentralized data. DaVinci is a direct content monetization platform for NFT-backed experiences that aims to facilitate both decentralized data transfers and nonfungible token, or NFT, value transfers. Powered by Cere’s DDC,  the platform enables personalized content streaming to NFT holders via smart contracts. And it leverages…

🚨 Cryptocurrency Market Update | BTC Dump | Time to Buy ALTS ? | Bitcoin Update in hindi Today

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Bitcoin kisses 50-day moving average as trader predicts fresh BTC price volatility

Bitcoin (BTC) filled the CME futures gap in advance prior to the Wall Street open on Feb. 14, reaching $42,870. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: Volatility gone, but not for long Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining swiftly Monday, with the start of U.S. trading keeping the pair around $42,500.  Sunday’s weekly close had disappointed analysts, with Bitcoin failing to achieve a higher high on the weekly chart. While volatility remained absent on the day, expectations were already flowing in regarding a trend change…

BTC, ETH Prices Volatile Following Super Bowl – Market Updates Bitcoin News

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Cryptocurrencies were initially in the red to start the week, despite several crypto firms securing lucrative Super Bowl ad slots. Over 100 million viewers watched the “crypto bowl” advertisements, however bitcoin prices started lower on Monday. Bitcoin BTC/USD is lower for a fifth consecutive session to start the week, as markets gave up all of last week’s gains. BTC/USD fell to an intraday low of $41,681.96 on Monday, following a peak of $42,693.05 during Sunday’s session. The recent decline in prices has pushed BTC closer to support of $40,800, a…

Crypto innovators of color restricted by the rules aimed to protect them – Cointelegraph Magazine

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Historically, Black and Brown communities have had restricted access to opportunities for generational-wealth building. Crypto offers a chance to redress that balance… but an opaque mess of laws and regulations around crypto services and a prohibition on certain wealth-generation opportunities are standing in the way of that happening.  Controversial language in the United States’ recently enacted infrastructure bill may have unintentionally contributed to that cycle. The document contains broad tax-reporting language directed at “brokers.” The ambiguity of the term means it could apply to those who have nothing to do…

Bitcoin bull trap? 3 indicators that predict BTC price falling to $24K–27K this year

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Bitcoin (BTC) looks ready to fall below $30,000 in the coming months, per a confluence of historically accurate technical indicators brought forth by popular analyst Ari Rudd. The independent market analyst published a thread on Feb. 14, explaining why Bitcoin’s ongoing price recovery — from below $33,000 on Jan. 24 to around $42,000 on Feb. 14 — might not have strong legs. In doing so, Rudd presented at least three long-term technical setups with extremely bearish outlooks. They are listed as follows: 1. Bitcoin LFG model Rudd’s Logarithmic Fractal Growth…