Month: February 2022

FDIC Makes Crypto Evaluation a Priority This Year Citing ‘Significant Safety and Financial System Risks’ – Regulation Bitcoin News

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The U.S. Federal Deposit Insurance Corporation (FDIC) has named the evaluation of crypto assets a priority this year. “The rapid introduction of a variety of crypto-asset or digital asset products into the financial system could pose significant safety and soundness and financial system risks,” the FDIC said. Crypto Evaluation Named a Priority for FDIC The U.S. Federal Deposit Insurance Corporation (FDIC) announced Monday that Acting Chairman Martin J. Gruenberg has released the FDIC’s priorities for the coming year. The FDIC is an independent agency created by the U.S. Congress to…

Cardano (ADA) Forms Local Resistance As It Readies For Another 40% Liftoff

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Cardano (ADA) has been on the receiving end on some of the most brutal beatdowns the crypto market has dished out in recent times. The cryptocurrency had managed to grow from about $0.20 at the beginning of 2021 to a high of $3, which saw investors cashing out massive gains. However, the trip down would prove to be just as swift and impactful as the trip up. ADA has since lost about 60% of its all-time high value, falling below $1 for the first time in eight months. Since the…

Coinbase Files to Form a PAC Ahead of 2022 Midterms

“​​Coinbase is committed to engaging with policymakers and to promote crypto-forward policy at the federal level in the U.S.,” a Coinbase spokesperson told CoinDesk via email. “​​We believe the bipartisan potential is clear and we intend to support crypto-forward lawmakers who align with our mission to advance economic freedom for all Americans.” Source

RNDR, NFTX and YGG bounce higher as the market rewards projects focused on utility

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Everyone might be a genius during a bull market, but the real stars begin to shine when the waters get choppy. The same can be said for crypto projects and developers and once the pump is over, it’s easier for investors to separate the pump and dump projects from those with good fundamentals. Sometimes a bull market, sometimes a bear market, always a builder’s market. — a a ron (@aaroneth_) February 2, 2022 Now that Bitcoin (BTC) price has found its place back in the $42,000 to $45,000 zone, the…

Terra Wants to Spend $40M on a Mystery Sports Deal. We Think It’s With This MLB Team

Let’s begin with the sample size. Kwon’s proposal mentions North America’s four big sports leagues: Major League Baseball (MLB), the National Football League (NFL), the National Basketball Association (NBA) and the National Hockey League (NHL). In all, we have 124 teams at play but fewer stadiums, given common venue-sharing arrangements between basketball and hockey teams. But I think we can narrow it down to MLB alone. Source

BITCOIN ELLIOTT WAVE ANALYSIS

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Time for our weekly update for Bitcoin. We have seen a bounce and a lot of folks seem to be getting excited but is there reason to be yet. Lets take a look. Join me on Patreon Follow me on Twitter Legal Disclaimer: All views, opinions and ideas expressed in this video are that of the maker and do not constitute financial/trading advice. Do not make a trading/Investing decision based on the information in this video. Trading and investing in financial markets/assets…

All-New COV-Denominated Accounts Now Live on PrimeXBT – Sponsored Bitcoin News

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sponsored Utility coins are a dime a dozen, but those that actually provide a plethora of benefits for holders are ultra-rare and worth paying closer attention to. The COV token is a utility token that unlocks a variety of account-level benefits already but continues to evolve in the available ways holders can utilize the asset. The latest update from Europe-based fintech developer Covesting has brought even more new features to the COV token through partner platform PrimeXBT: two new COV-denominated account types. COV Token Update Enables COV-Denominated Margin Trading And…

Japan-based messaging app will offer trial run of native token starting in March

Users of Japanese messaging giant LINE will soon be able to use the app’s native token for payments at select online merchants in a limited trial. In a Tuesday announcement, the LINE Corporation said that starting on March 16, users would have the option of paying with native LINK token (LN) — not to be confused with Chainlink (LINK) — at any of LINE Pay’s online merchants. The trial period, which will run until Dec. 26, is aimed at testing real-life use cases for the tokens in addition to increasing…

Cryptocurrencies Pullback Amid Exchange Hack

The last time the index rose from extreme lows was in July, which preceded a price rally. This time, however, the rise in BTC occurred on low trading volume, which indicates weak buying power. That could point to a short-term pullback or range-bound price action, especially as regulatory and macroeconomic headwinds remain. Source

‘China’s crypto ban had little impact on Neo,’ says organization’s developers

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Once hailed as the “Ethereum of China,” Neo’s token price has fallen on hard times ever since the world’s most populous nation introduced a series of acute bans on cryptocurrency operations last year. In an exclusive interview with Cointelegraph, Neo’s developers — who wished to remain anonymous — explained that partners run most projects sponsored by Neo Global Development, or NGD, from a wide range of countries outside China t serve users all over the world. In addition, Neo continues to expand inside China. It is currently one of seven open…