The landmark figure represents over $26 billion worth of the asset at current prices. Source
10M Ether Now Locked on Eth 2.0 Staking Contract
Day: March 11, 2022
Celo foundation proposes to deploy Uniswap V3 on its native blockchain
A new community proposal was introduced in the Uniswap governance forum to deploy the protocol on the Celo blockchain, which is a mobile-first, carbon-negative and Ethereum Virtual Machine-compatible network. The new proposal was created on behalf of Blockchain at Michigan, and in partnership with the Celo Foundation and the Celo Climate Collective. Once passed, Uniswap will be accessible to nearly six billion mobile phone users. Currently, MetaMask mobile app enables using Uniswap or other decentralized exchanges via an in-app browser. The Celo foundation will commit $10 million of CELO in…
Bitcoin spikes above $40K as potential ‘positive shifts’ arise between Russia and Ukraine
Bitcoin (BTC) saw instant volatility on March 11 amid the hope that the Russia–Ukraine conflict could find a diplomatic solution. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hope rises — but so do Bitfinex shorts Data from Cointelegraph Markets Pro and TradingView shows BTC/USD briefly surging $1,400 before reversing to consolidate below $40,000 on March 11. Bitcoin, which is already known for not “liking” escalations in armed conflicts, immediately rebounded in line with European and United States stock markets. Germany’s DAX bounced 2.6% on the news, while S&P 500 futures were…
Bank of Israel Publishes Draft Guidelines for Crypto Deposits
The draft rules would prevent Israeli banks applying a blanket ban on fiat deposits originating from crypto activities. Source
4 Ways Web3 Will Change the Internet
Recently, top media platforms such as Facebook, Youtube and Reddit have announced news and initiatives related to Web3. For example, YouTube posted a director-level role for “Youtube Web3” requiring 15 years of experience and an understanding of cryptocurrencies, blockchain, consensus mechanisms, NFTs, and other Web3 technologies. Web3 refers to a new iteration of the internet built on blockchain infrastructure, with decentralized use rights. Here’s what you need to know. 1 – Social Media Will be Decentralized Recent months have seen the rise of Web3 social platforms, with internet giants…
Bitfinex refuses to freeze crypto belonging to non-sanctioned Russians
Amid global businesses boycotting the Russian residents over military conflict in Ukraine, some companies in the cryptocurrency industry stand up for the rights of non-sanctioned Russian citizens. Bitfinex, an affiliate firm of the world’s largest stablecoin provider, Tether (USDT), will not unilaterally freeze the accounts of ordinary Russian customers as part of the global sanctions unless it’s forced to do so, a spokesperson for Bitfinex told Cointelegraph on Thursday. The representative emphasized that Bitfinex has taken appropriate action against the accounts of Russian users who have been sanctioned. “As with…
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FCA issues termination order for Bitcoin ATMs
Financial Conduct Authority (FCA), United Kingdom’s central financial regulator, has issued a damning verdict on the presence of Bitcoin (BTC) ATMs within the island country. In what has come as a surprise to many within the industry, the U.K. authority has issued a stern “shut down or face further action“ order to operators of Bitcoin ATMs, outlining their intentions to contact these companies to affirm the notice. The watchdog cited a lack of regulatory structure, the high-risk potential of fluctuating assets and the importance of upholding the principles established within…
UK FCA Orders Operators to Shut Down Crypto ATMs
The watchdog has warned that any crypto ATMs operating in the country are illegal and must be shut down. Source
Thailand Approves Tax Relief Measures for Crypto Trading – Taxes Bitcoin News
The Thai Cabinet has approved tax relief measures for crypto trading. The new tax rules are “much more friendly to both investors and industry,” said an executive of a cryptocurrency exchange in Thailand. Thailand Adopts New Tax Rules for Crypto Investments Thailand’s Cabinet approved new tax relief rules Tuesday for crypto trading, according to an announcement on the Thai government website. Finance Minister Arkhom Termpittayapaisith and Deputy Minister of Finance Santi Prompat jointly disclosed the outcome of the meeting, confirming that the cabinet has approved the crypto tax relief measures.…