Month: March 2022

NCA wants regulation for coin mixers, but the crypto industry is already one step ahead

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The United Kingdom’s National Crime Agency (NCA) seeks to regulate the crypto coin mixers under the country’s laws against money laundering. Coin mixing tools are popular in the decentralized world as they maintain the privacy of transactions. These tools often mix several transactions to obscure the origin of a particular transaction. Then the recipient receives the transactions from a mixing “black box” comprised of hundreds of transactions from various wallets. While privacy-focused, these tools often face regulators’ ire as they are also a known way for hackers and criminals to…

Bitcoin’s Implied Volatility Ticks Higher; S&P 500 Sees Death Cross

CryptoX – Cryptocurrency Analysis and News Portal The annualized one-month implied volatility, investors’ expectations for price turbulence over the next four weeks, has increased from 68% to 77% this month, according to data provided by Skew. The three- and six-month gauges have gone up from roughly 67% to 74%. Source The post Bitcoin’s Implied Volatility Ticks Higher; S&P 500 Sees Death Cross appeared first on CryptoX. CryptoX Portal

THORChain quietly outperforms crypto market in Q1 — Can RUNE price break $10 next?

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THORChain (RUNE) could continue its upward momentum in the coming weeks even as it treads inside a classic bearish reversal structure. RUNE’s price has rebounded strongly by over 165% four weeks after testing its multi-month horizontal level support near $3.15. What’s more, its upside retracement has opened up possibilities about an extended bull run toward $11.50, about 45% above the current price level near $7.89, as shown in the chart below. RUNE/USD weekly price chart featuring descending triangle setup. Source: TradingView The $11.50-level coincides with RUNE’s multi-month falling trendline resistance,…

Hashdex to launch Web3 and smart contracts ETF on Brazil’s stock exchange B3

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Hashdex, a global crypto-focused asset manager, has revealed the launch of its Web3 Exchange Traded Fund (ETF) with a new announcement. As per a report by Cointelegraph Brazil, the new ETF will be available on B3, Brazil’s main stock exchange, and will give investors a secure and diversified way to invest in Web3 and its underlying smart contract platforms. The new ETF’s reserve period started Monday, March 14, 2022, and runs until Friday, March 25, 2022. Hashdex’s co-founder and CEO Marcelo Sampaio said the company believes that Web3 represents the…

How I Would Invest $1,000 in Cryptocurrency in 2022? | CryptosRUs

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io How I would invest $1,000 in crypto in 2022? Top altcoins to watch RIGH NOW? Today we are joined by George of CryptosRUs, to talk bitcoin, ethereum, altcoins & more! Subscribe to George: All persons in this video are not financial advisors. The conversations are only opinions. Investing in cryptocurrency is very risky. DYOR. Follow George on Twitter: 💰 Top Crypto Analyst Makes SHOCKING Bitcoin Prediction for 2022 | Lengthening Cycles Theory 🎸 Gene Simmons REVEALS His 10x Cryptocurrency Portfolio for 2022…

Stablecoins Now At $187 Billion, UST And USDN Volume On The Rise

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There has been fast growth in the stablecoin economy, with a recent total of $187 billion, which is quite near the $200 billion thresholds. Stablecoins like Terra’s UST and Neutrino Protocol’s USDN are gaining popularity even as Tether remains the most widely used. They experienced a nearly 30% and a 44% rise in issuance in the previous month, respectively. In other words, if this trend continues, it will easily surpass $200 billion in the following months. Stablecoins Strong USD Backing Compared to other digital currencies, stablecoins are designed to be…

Africa Fintech Startups Raised $2 Billion in 2021 – Fintech Bitcoin News

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Africa’s fintech startups are reported to have raised $2 billion in the past year alone. This amount dwarfs the $231 million that was raised in the year 2020. Nigerian startups continue to account for the biggest share of funds raised by the continent’s fintechs in 2021. 2021 Has Highest Number of Reported Deals The capital raised by Africa-based fintech startups in 2021 shot to $2 billion, a figure that is almost ten times the $231 million that was raised in 2020, data from Crunchbase News has shown. The figure, which…

Crypto.com rolls out its exchange platform in the United States

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Following its immense marketing efforts, Crypto.com finally begins the initial rollout of its services to users in the United States.  In an announcement, Crypto.com mentioned that its exchange platform is already available to users who are waitlisted and will be available to more users soon.  Currently, the trading platform can only be used by selected institutional investors. However, in the next few months, the exchange will be offering its services to more investors who want to trade using Crypto.com. The exchange is also inviting institutional investors based in the U.S.…