For Black Americans, Bitcoin offers the promise of a fair financial system untainted by America’s legacy of racial oppression, and strong assurances to the property rights they have long been denied. Because Bitcoin can be self-custodied, Black Americans no longer need to solely depend on banks, institutions, or intermediaries. Original
Day: February 16, 2022
First Mover Asia: Cryptos Hold Their Ground but Investors Remain Wary of Russia Invasion Plans, Inflation
Bitcoin fell earlier in the day but recovered much of its lost ground by the afternoon. Source
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Bipartisan Senate Proposal Raises Alarm Over El Salvador’s Bitcoin Adoption
Senators Jim Risch, Bob Menendez and Bill Cassidy’s Accountability for Cryptocurrency in El Salvador (ACES) Act would require a State Department report on mitigating risks to the U.S. financial system from El Salvador’s adoption of bitcoin as legal tender. Source
Coinbase, Robinhood, Kraken and Other Top Exchanges Join New Anti-Money Laundering Organization
A slew of prominent exchange platforms are joining a new anti-money laundering initiative. According to a recent blog post by leading crypto exchange Coinbase, it and other popular trading platforms such as BlockFi, Circle, Robinhood, Fidelity Digital Assets, Gemini and Kraken will join the Travel Rule Universal Solution Technology (TRUST), a joint solution created to comply with the U.S. Financial Crimes Enforcement Network’s (FinCEN) Travel Rule. The Travel Rule requires financial institutions to collect and retain certain information related to funds transfers and transmittals in amounts of $3,000 or more.…
This Indicator Points To A Bitcoin Bottom, $50K Next Target?
Bitcoin has been on a downtrend recently and although it has had multiple recoveries, it is still a long way off from its all-time high. There are a number of indicators that point towards bullish and bearish trends, but mainly seem to stand in the middle. One indicator seems to point to the further upside coming, adding as much as $6K to the price of the digital asset. What The Daily OBV Chart Says A crypto education and market analysis account on Twitter recently posted a chart mapping out what…
Twitter enables users to give and receive Ethereum tips natively
In Sept. 2021, Twitter enabled Bitcoin payments as the first cryptocurrency payment option available via its tipping jar. Wednesday, the social media platform added a slew of fresh payment services to these existing tipping options, including Ethereum (ETH). Have you set up Tips on your profile yet so it’s easy for people to show their support? Yes: Cool, we’ve added Paga, Barter by Flutterwave, Paytm, and the option to add your Ethereum address. No: What are you waiting for? Here’s how: https://t.co/Id5TwTpnCF — Twitter Support (@TwitterSupport) February 16, 2022 Users looking…
Bank of Russia Reports First Successful Digital Ruble Transfers Between Users – Finance Bitcoin News
Testing of the digital ruble has started in Russia with the country’s central bank announcing the first complete transactions between individual wallets. The monetary authority, a staunch opponent of cryptocurrencies, says its digital currency will create new opportunities for citizens, businesses, and the Russian state. Digital Ruble Transactions Carried Out by Commercial Banks and Bank of Russia The Central Bank of the Russian Federation (CBR) and participating financial institutions have begun testing the digitalized national fiat currency. The trials have been launched after a prototype of the digital ruble platform…
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Nvidia’s Crypto Mining Chip Sales Continue to Fall Sharply
The chipmaker’s fiscal fourth quarter revenue from its Cryptocurrency Mining Processors (CMP) tumbled 77% from the previous quarter. Source