“The current discussion about MiCA indicates that individual passages of the draft report can be misinterpreted and seen as a ban on proof-of-work. It would be fatal if the European Parliament were to send the wrong signal by voting under these circumstances,” Berger wrote in an email to CoinDesk. The statement mirrored what he posted on Twitter. Source
For a state with a small-town feel, Wyoming moves with big-city alacrity when it comes to things crypto. According to the bipartisan bill introduced into its legislature last week, a Wyoming stablecoin could debut before the end of 2022. The announcement caught even Wyoming banker and cryptocurrency champion Caitlin Long by surprise. “Didn’t know it was coming,” tweeted the Avanti Bank CEO. It also raises some questions: Is a stablecoin really needed by Wyoming’s citizens? Is it feasible? Will it upset the state’s commercial banks including its recently chartered special…
Several Russian banks that were sanctioned over Russia’s “special military operation” in Ukraine will no longer support major payment services like Apple Pay and Google Pay. Russia’s second-largest bank, VTB — as well as other banks like Sovcombank, Otkritie, Novikombank and Promsvyazbank — are on the list of companies sanctioned by the United States, the Bank of Russia confirmed on Friday. Users of debit and credit cards issued by these banks will no longer be able to use Apple Pay and Google Pay, the central bank said in the announcement,…
“Still, COIN remains an attractive story for those that want to buy it on spot price weakness as the company continues to expand, diversify and gain share against the backdrop of a potentially hyper growth TAM,” Canaccord’s Joseph Vafi said in a note, referring to total addressable market, or potential market size. The firm maintained a buy rating and reduced its price target to $275 from $342, citing potential for volatility in Coinbase’s margin profile. Source
press release PRESS RELEASE. Zug, Switzerland, 25th February 2022: GAIMIN Gladiators is pleased to announce its recently acquired DOTA 2 esports team has won the DOTA2 WEU Regional Finals, beating teams including Team Liquid, Nigma, Tundra and OG. The success of GAIMIN’s esports team generates significant awareness of the GAIMIN brand and directs more potential users towards GAIMIN and the application. These high profile events are promoted worldwide to their followers and achieve significant viewing figures. The Regional Finals achieved peak viewing of 160,000 and a total of 650,000 video…
The KuCoin Community Chain (KCC) has unveiled a $50 million accelerator program aimed at empowering projects in its ecosystem. Source
That said, a strong follow-through remains elusive. “On bitcoin, yesterday saw a combined Key Reversal Up & Bullish Engulfing Pattern. However, there has been no follow-through higher today,” Eddie Tofpik, head of technical analysis and senior markets analyst at London-based ADM Investor Services International, wrote in a LinkedIn chat. Original
Buyers returned to the Bitcoin (BTC) market, locating interim upside opportunities as the price rebounded to nearly $40,000 on Feb. 25, gaining 16% in less than 24 hours. Investors bulk up Bitcoin holdings The number of Bitcoin addresses with a balance greater than 0.01 BTC (~$400) reached a record high of 9.51 million, the latest data from CoinMetrics shows. Meanwhile, the number of addresses that hold at least 0.1 BTC (~$3,850) also reached 3.34 million for the first time in history. Bitcoin addresses with balance greater than 0.1 BTC. Source:…
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The world’s most popular sport suffered an own-goal as European clubs canceled their partnerships with Bitci, a Turkish crypto exchange. However, plenty of substitute crypto companies are on the bench, ready to bring crypto to the mainstream through soccer. Growing yet unclear cryptocurrency regulations in Turkey have reportedly hampered the company’s ability to make payments, leading to a lack of confidence among major soccer clubs. Portugal’s Sporting CP — the green-and-white-striped footballers famed for being the club where Cristiano Ronaldo cut his teeth — and Italian Serie A club Spezia have also canceled…