Day: February 15, 2022

Ethereum Overcome Hurdles, Why 100 SMA Is The Key

Ethereum found support near $2,830 and recovered losses against the US Dollar. ETH price could continue to rise if it stays above the 100 hourly SMA. Ethereum started a decent recovery wave above the $2,900 resistance zone. The price is now trading above $3,000 and the 100 hourly simple moving average. There was a break above a major declining channel with resistance near $2,920 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend increase if there is a clear move above $3,060. Ethereum Price Eyes…

Is Cryptocurrency Mining Dead? Future of Crypto Mining? Where are Miners Going? Token Metrics AMA

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ICICB Prepares to Enter the Metaverse Arena with the Release of Cosmos, a Virtual Reality Ecosystem That Spans Across Time and Space

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Virtual reality is set for a major upgrade with the upcoming release of Cosmos, a Metaverse framework by ICICB Group. The Metaverse has evolved following the release of Cosmos by ICICB Group. The digital and internet ages find themselves at an interesting crossroads in time currently as the emergence of blockchain technology over the past decade have given way to the rise of the Metaverse, a fully-realized digital world that exists in a different dimension than our physical reality. Despite the misconceptions that have arisen from Facebook’s transition to Meta,…

Overwhelming support for Grayscale BTC Trust ETF conversion proposal

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The U.S. Securities and Exchange Commission has allowed comments and feedback on a proposed rule change that would convert Grayscale’s Bitcoin Trust to a spot-based exchange-traded fund (ETF). A notice of filing a proposed rule change to list and trade shares of Grayscale Bitcoin Trust as a spot-based ETF has generated a long list of comments with a large majority in approval. Bloomberg’s senior ETF analyst Eric Balchunas had a look through some of the more recent comments on Feb. 15 observing that 95% are in favor of the proposed…

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UK Seizes First NFTs in $2 Million Fraud Crackdown — Arrests 3 People – Regulation Bitcoin News

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The U.K.’s. HM Revenue & Customs (HMRC) has made its first non-fungible token (NFT) seizure. British authorities also seized some crypto and arrested three people in a fraud case involving 250 allegedly fake companies. “Our first seizure of a non-fungible token serves as a warning to anyone who thinks they can use crypto assets to hide money from HMRC.” NFTs and Crypto Assets Seized by UK Tax Authority Britain’s HM Revenue & Customs (HMRC) said Monday that it has seized three non-fungible tokens (NFTs) and cryptocurrency worth about 5,000 pounds…

Canada invokes ‘Emergencies Act’ targeting crowdfunding and crypto

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Canadian Prime Minister Justin Trudeau has invoked the Emergencies Act, which gives him the power to freeze Freedom Convoy protesters’ bank accounts and monitor “large and suspicious transactions,” including crypto. Deputy Prime Minister Chrystia Freeland said in a press conference on Feb. 14 that this latest tactical maneuver against the protesters broadens the scope of Terrorist Financing rules. It targets “crowdfunding platforms and the payment service providers they use.” “These changes cover all forms of transactions including digital assets such as cryptocurrencies.” Together, protesters had amassed over $19 million in…

Chingari integrates native token to advance Web3 social networking

Indian social networking platform Chingari has announced ambitions to revolutionize the experience of its 100 million-user creator economy through the integration of native digital asset, $GARI, and accompanying cryptocurrency wallet via the Solana blockchain. Translating into the word ‘Spark’ in the languages of Urdu and Hindi — a branding visibly consistent with its flame icon — the Chingari user interface often draws parallels to popular Western entertainment services TikTok, Instagram Reels and YouTube Shorts, for its principal focus on short-timed, infinitely accessible video content. Launched in 2018, the platform has…

Why Bitcoin Needs To Clear $43,800 For Hopes of a Fresh Rally

Bitcoin is recovering losses and trading above $43,000 against the US Dollar. BTC must clear $43,800 to continue higher in the near term. Bitcoin found support near $41,600 and started a fresh upward move. The price is trading above $43,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $42,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if there is a clear move above the $43,800 resistance. Bitcoin…

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