Month: March 2022

Bitcoin mining finds fresh support from Russian Finance Ministry

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As Russia continues to work on new regulations for the cryptocurrency industry, the Russian Ministry of Finance has expressed fresh support for Bitcoin (BTC) mining. Russia should encourage the development of industrial-level cryptocurrency mining in the country, the Ministry’s director of the financial policy department Alexey Yakovlev urged. There’s also no point in banning retail or household Bitcoin mining, Yakovlev said, as the local publication Prime reported on Thursday. The Russian lawmakers discussed the two categories of cryptocurrency miners at a recent round table called the “Mining regulation in Russia:…

Biden using crypto to help Democrats, expert warns

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin Foundation Chairman Brock Pierce reacts to President Biden signing an executive order reviewing cryptocurrency regulation. #FOXBusiness Subscribe to Fox Business! Watch more Fox Business Video: Watch Fox Business Network Live: FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having…

Data Shows Bitcoin Investors Afraid To Take Risk As Leverage Remains Low

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On-chain data shows Bitcoin investors have been afraid to take risk recently as the leverage ratio has remained low in the last few days. Bitcoin Leverage Ratio Remains Low In Past Few Days As pointed out by an analyst in a CryptoQuant post, investors haven’t taken much risk since the surge in the crypto’s price a few days back as leverage in the market is low at the moment. A relevant indicator here is the “open interest,” which shows the total amount of Bitcoin futures contracts currently open on all…

Circle selects BNY Mellon as custodian for USDC reserves

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On Thursday, USD Coin (USDC) operator Circle announced that it had selected financial institution BNY Mellon as the custodian of its USDC reserves. Founded in 1784, BNY Mellon is one of the oldest banks in America and possesses over $46.7 trillion in assets under custody or administration worldwide. It serves as a single point of contact for clients looking to manage their investments. With the new partnership, BNY Mellon said it will also explore the possibility of using digital cash for settlement purposes. Roman Regelman, CEO of asset servicing and…

Vitalik Buterin on Ethereum’s ‘Roads Not Taken’

Ethereum could have been less complex, Buterin writes. Its virtual machine could have used existing code rather than a bespoke solution. Its developers could have gone with a crude version of proof-of-stake (the consensus algorithm that will eventually secure Ethereum) that existed in 2013. Ethereum could have been “more Bitcoin-like,” Buterin said, referencing that first blockchain, which aims to do one thing well – serve as a global, peer-to-peer settlements layer denominated in a secure, digital bearer-asset, BTC. Source

FACEDAO SOCIAL MEDIA ON THE BLOCKCHAIN!!

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Luna Foundation Bitcoin Wallet Nears Tesla’s Stash, BTC Address Is the 29th Largest Wallet Today – Bitcoin News

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On March 26, the Luna Foundation Guard (LFG) held 24,954.95 bitcoin and during the last five days, LFG’s bitcoin wallet accumulated 5,773.02 bitcoin. At the time of writing, LFG’s wallet now holds 30,727.97 bitcoin worth more than $1.4 billion using today’s exchange rates. In a relatively short period of time, LFG’s bitcoin wallet is up there with some of the largest crypto treasuries on record. LFG Wallet Accumulates 5,773 Bitcoin in 5 Days During the last two weeks, the Luna Foundation Guard (LFG), has been on a bitcoin buying spree…

SushiSwap Kicks Off Climb, Why This 40% Rally Is Just Getting Heated

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Up 57% in two weeks and 40% in 30 days, SushiSwap (SUSHI) moves at its own beat. The decentralized finance (DeFi) token trends to the upside on the back of a potential integration with Stargate, the LayerZero implementation. Related Reading | Why SushiSwap’s 15% Gain Could Be The Beginning Of An Uptrend At the time of writing, SUSHI trades at $4.80 with a 14% profit in 24 hours. SUSHI with small gains on the 4-hour chart. Source: SUSHIUSDT Tradingview LayerZero is a communication protocol that enables direct interaction between different…

Snoop Dogg and Billy Ray Cyrus to launch hit song backed by massive Animal Concerts NFT drop

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Recording artists Snoop Dogg and Billy Ray Cyrus have teamed up to release a new smash single, “A Hard Working Man.” The hip hop-country mashup, produced by the legendary Avila Brothers, will debut on April 2 during Grammy weekend in Las Vegas. Cyrus’ 2019 hit remix of “Old Town Road” with rapper Lil Nas X made history by going 16x multi-platinum in the United States. Asked about his genre-bending approach to music, Cyrus replied, “My philosophy to making music is no limitations. No rules, no limits, no preconceived notions. Don’t…