Month: March 2022

Bitcoin spikes above $40K as potential ‘positive shifts’ arise between Russia and Ukraine

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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…

4 Ways Web3 Will Change the Internet

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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…

Bitcoin & Crypto: Time’s Running Out To Buy Cheap! [Actually Urgent]

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FCA issues termination order for Bitcoin ATMs

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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…

Thailand Approves Tax Relief Measures for Crypto Trading – Taxes Bitcoin News

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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.…

CoinMerge – Social Media Redefined

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CoinMerge LLC, (CMERGE) is a Technology company based out of TX, USA that exists both on the ERC and BSC blockchain. Founded in 2021 this company began building the first Crypto Social Media Platform where users could come to chat, chart, trade, learn, and so much more all in one place on a single device. They have spent the last 8 months building the platform and community with the mantra of doing “The right thing, the right way”, always at the forefront of their business model. Since 2021, they have…

Women-led startup to help consumers monetize their data through blockchain

Web2 lets big tech companies collect consumer data without paying the people behind the statistics. However, the advent of Web3 technologies may change the way data is collected and let consumers get compensation for the information they share, according to the founders of Chain Collective, a Web3 startup that enables consumers to monetize their data using blockchain. Skills acquired from working in business intelligence and machine learning coupled with a passion for Web3 technologies led Jenny Walker and Greta Menzies to create a data marketplace. With blockchain technology, the all-female…