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Day: April 21, 2022
Morgan Stanley Says Crypto Could Become More Widely Used as Currency
Crypto is already widely used as a currency in the digital asset world, the report said, adding that ether is predominantly needed to buy non-fungible-tokens (NFTs). As more brands look to advertise in the metaverse, there could be an increasing need to accept a range of payment methods, including crypto, it said. Source
Limitless Launches ‘Metaverse as a Service,’ Plans $60M Venture Fund
Next Earth released its own utility token, NXTT, at the end of January, which now has a self-reported market cap of $181 million, according to CoinMarketCap. The token and NFT capital could self-fund the $60 million venture capital fund, said Taylor, who served as Next Earth’s token architect. Next Earth, however, would rather build out its network through outside investors. Source
BTC Touches $42,000, ETH Notches10-Day Peak
The crypto market was mostly in the green territory on Thursday, with Bitcoin recovering all of the previous day’s losses and even surged to a 10-day high beyond the $42,000 level. Bitcoin was trading at $42,484.88, up 3% in the last seven days, data from Coingecko show. Ethereum followed suit with a similar local high, but the majority of the crypto market remained in the green on a daily basis. Following yesterday’s bounce, bulls continued to push prices higher. BTC surpassed the $42K mark after breaking over a critical resistance…
Ledger Enterprise’s Alex Zinder is all about blockchain, crypto and the future of finance
Alex Zinder, a capital markets veteran who jumped on the blockchain train last year, attended the Paris Blockchain Week Summit, where he sat down with Cointelegraph to discuss blockchain projects, crypto adoption and the traditional financial world’s necessary embrace of digital assets. After almost two decades in capital markets technology, Alex Zinder joined Ledger Enterprise in March 2021. He previously worked at Nasdaq, where he worked as the global software development director and associate vice president of enterprise architecture. Zinder now leads Ledger Enterprise Interact, a suite of solutions that…
Coinbase in Talks to Acquire Turkish Crypto Exchange BtcTurk for About $3.2B: Report
Founded in 2013, BtcTurk is one of the country’s oldest crypto exchanges and counts 4.5 million pro users, according to one of Turkey’s top newspapers, Cumhuriyet. It has recorded $200 million in trading volume in the past 24 hours, compared with $179 million for its biggest local competitor, Paribu, according to CoinMarketCap data. Source
Belarus Adopts Legal Procedure for Seizure of Illicit Cryptocurrency – Regulation Bitcoin News
Implementing a recently signed presidential decree, the government of Belarus has introduced a procedure allowing the state to seize digital currency holdings. The move will grant law enforcement authorities in Minsk powers to seize crypto assets linked to illegal activities. Justice Ministry Regulates Confiscation of Digital Coins in Belarus The Ministry of Justice of Belarus has established a legal procedure for the seizure of cryptocurrency funds as part of enforcement proceedings, the crypto news outlet Forklog reported, quoting an announcement released by the department. The measure aims to implement a…
Sweden, EU Discussed Bitcoin Proof-of-Work Ban: Report
Documents released by German site suggest ongoing concern about the environmental impact of proof-of-work technology. Original
‘It’s not too late to invest’
Motivations for buying Bitcoin (BTC) are numerous: a hedge against inflation, financial independence or even hopes for a Lamborghini and life in the sun. For “Mr. ERB,” a keen blogger and Bitcoin enthusiast, it’s all about retiring early. ERB keeps a detailed account of his finances on his blog and spoke to Cointelegraph about his Bitcoin retirement plan. He told Cointelegraph that he first “got interested in Bitcoin in summer 2017,” when a coworker briefly brought up the decentralized peer-to-peer currency. However, “the price was about 2,000 euros at that time…
Bitcoin heads for 2-week highs as Terra promises BTC price will soon ‘get spicy’
Bitcoin (BTC) regained fresh ground on April 21 after bears failed to gain control of short-term price action overnight. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Trader: Holding $42,300 could open up path to $50,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching new local highs of $42,455 on Bitstamp Thursday. With the Wall Street open still to come, upward momentum meant that the pair was now at its highest since April 10. Wednesday’s opening bell had nonetheless been accompanied by bearish price pressure, and traders thus remained cautious…