Month: April 2022

Tutorial: How to access dapps with Coinbase Wallet

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io – If you have crypto in your Wallet, you may be asking, “what can I do with it?” In this video, we’ll scratch the surface of what’s possible and cover how to trade tokens on decentralized exchanges, buy your first NFT, and access DeFi protocols to earn yield. Coinbase Wallet. Your key to the world of crypto. Visit Coinbase.com/wallet to get started At Coinbase, our mission is to create an open financial system for the world. ✅ Subscribe to our channel here:…

Mike Novogratz Doubles Down On $500,000 Bitcoin Prediction

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Mike Novogratz has once again reiterated his support for the $500,000 future prediction for bitcoin. The Galaxy Digital CEO who was recently at the Bitcoin 2022 conference held in Miami had spoken in favor of the cryptocurrency once more, highlighting the future potential of the digital asset. Novogratz gave his prediction speaking at the conference but this is not the first time that the billionaire would be making such a prediction. Pushing Bitcoin To $500,000 Novogratz who put bitcoin at $500,000 in the next half-decade had shared thoughts behind this…

National Bank of Georgia to Regulate Country’s Crypto Sector – Regulation Bitcoin News

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The National Bank of Georgia is taking steps to regulate the crypto market in the Southern Caucasus country, its governor revealed in a recent interview. While companies in the industry are to expect a licensing regime, financial institutions have already been banned from providing crypto-related services. Central Bank of Georgia to Propose Cryptocurrency Regulations Georgia’s monetary authority is planning to introduce rules for operations in the nation’s crypto space. The financial regulator has drafted new legislation to achieve this, the bank’s Governor Koba Gvenetadze told The Financial, a Georgian business…

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FDIC Asks All Banks to Report Crypto Activities

On Thursday, the Federal Deposit Insurance Corporation (FDIC) issued a financial institution letter – a letter sent to CEOs of FDIC-insured banks – requesting that banks should notify their regional FDIC director of their crypto activities. This request applies to both current and future crypto-related activities. Source

Cardano (ADA) Prospects Are Bright Based on This Metric – But There’s a Catch: Crypto Exchange Kraken

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Crypto exchange Kraken says that two on-chain metrics measuring demand for digital assets suggest a bullish outlook for Cardano (ADA). In its March 2022 crypto on-chain digest, Kraken says that ADA’s transaction fees, the cost that market participants are willing to pay to use the blockchain, rose by over 50% year-to-date. ADA’s transaction fee is rising amid a general decline in the transaction fees of other major crypto assets including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Tezos (XTZ). “ADA transaction fees have risen about +51,5% from $0.33/tx to $0.5/tx…

Terra Heads Up, Why NEAR May Launch Stablecoin With 20% APR

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Crypto Insiders founder Zoran Kole revealed the possible launch of a Near Protocol native stablecoin. Via a substack post, Kole claimed the digital asset will be announce on April 20 as an algorithmic stablecoin called USN. Related Reading | TA: Terra (LUNA) Surges, Is It Eyeing A Correction Now? The digital asset will be deployed in cooperation with “other well capitalized stablecoins”, according to the post. At the time of writing, there seems to be no official announcement other than this post and speculation from the crypto community. Therefore, users…

Direxion Refiles With SEC for Short Bitcoin Futures ETF

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The FDIC wants US banks to report on current and intended crypto-related activities

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The Federal Deposit Insurance Corporation, the United States government corporation that insures depositors at U.S. commercial and savings banks, issued a financial institution letter Thursday. The letter requests the institutions supervised by the agency to notify the appropriate regional director of their activities with crypto-related assets or their intentions to engage in crypto-related activities.  According to the letter, “It is difficult for institutions, as well as the FDIC, to adequately assess the safety and soundness, financial stability, and consumer protection implications without considering each crypto-related activity on an individual basis.”…