Month: April 2022

Brazil’s Senate approves ‘Bitcoin law’ to regulate cryptocurrencies

Brazil’s Senate has passed the country’s first bill governing cryptocurrencies in a plenary session, which will set the stage for the creation of a regulatory framework for the country’s crypto industry.  The bill must be approved by the Chamber of Deputies and then signed off by President Jair Bolsonaro to become law in the country. This is expected to occur by the end of 2022, according to experts who spoke with Cointelegraph Brazil. The session that approved the project was chaired by Senate President Rodrigo Pacheco who said: “I want…

New York State Assembly Passes Bill Blocking New Cryto Mines That Use Non-Renewable Power

However, advocates of the bill noted that existing facilities would remain unaffected by the bill, as well as any facilities that tap renewable resources. The bill itself specifies that the New York Department of Energy “shall not approve a new application for or issue a new permit … for an electric generating facility that uses a carbon-based fuel and that provides, in whole or in part, behind-the-meter electric energy consumed or utilized by cryptocurrency mining operations that use proof-of-work authentication methods to validate blockchain transactions.” Source

Will The Ethereum Merge Skyrocket ETH?

The Ethereum Merge is the most critical aspect of the ETH 2.0 upgrade, since it will convert from a proof-of-work to a proof-of-stake system. The move from proof-of-work to proof-of-stake consensus is the focus of the upgrade. The improvement, as previously reported, has been postponed until the end of 2022, with no specific deadline in sight. The world’s second-largest cryptocurrency was meant to be weeks away from the “merge” a June upgrade of its blockchain Ethereum that would make it faster, cheaper, and less power demanding, promising a meaner and…

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Bitcoin Beneath Key Support Level; What’s Next?

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Bitcoin, the flagship cryptocurrency has remained below $40,000 over the past few days. The broader market correction has pushed altcoins to trade below their key support levels. Ethereum was priced below $3000 as the coin was rejected from the aforementioned price level. Bitcoin’s tough resistance stands at $40,000 as traders continue to exit the market over the last week. In the last 24 hours, BTC had fallen by 3% and in the past week, the coin registered a 6% depreciation. The crypto market continues to be in an accumulation phase.…

🔴 BULLISH CRYPTO NEWS – Airbnb, Citadel Securities – $1 Billion Cryptocurrency Fund – SEC Ripple XRP

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In cryptocurrency news today Airbnb CEO says they’re absolutely looking into crypto for payments. Citadel Securities, the largest US retail market maker is getting into crypto. Polkadot founder Gavin Wood donates $5.8 million to Ukraine. Lawmakers have removed the ‘Bitcoin ban’ from latest version of EU’s crypto legislation. Electric Capital has raised $1 billion to place bets on crypto startups. Updates from Fox Business on SEC Ripple XRP lawsuit. 🔥 Sign Up with OkCoin 🚀 Get the Ledger Nano X to Safely…

Kraken Becomes First Global Crypto Exchange Fully Licensed by Abu Dhabi Global Market – Regulation Bitcoin News

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Abu Dhabi Global Market has awarded a full financial license to crypto exchange Kraken. “Kraken will be the first global virtual assets exchange group in the UAE to offer investors the ability to invest, trade, withdraw and deposit virtual assets (bitcoin and ether) directly in local AED currency,” the regulator explained. Kraken Establishes Middle East Headquarters Abu Dhabi Global Market (ADGM) announced Monday that cryptocurrency exchange Kraken has become “the first global virtual assets exchange group in the UAE to receive a full financial license from ADGM.” Abu Dhabi Global…

OpenSea acquires Gem, and Chess.com makes a move into NFTs

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OpenSea buys NFT market aggregator Gem In a Monday Twitter post, OpenSea announced it had acquired NFT marketplace aggregator Gem for an undisclosed price. A blog post by OpenSea chief executive officer Devin Finzer stated that the company made this move to improve the experience of its more seasoned, “pro” users.  Gem lets traders buy NFTs across various collections and multiple marketplaces in a single transaction that saves on gas fees. For now, OpenSea is adding popular Gem features such as its collection floor price sweeping tool, and rarity-based rankings to its platform. Gem…

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Quik․com’s Limited NFT Domains Minting is Now Live – Sponsored Bitcoin News

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sponsored Buzzwords like NFTs, Web 3.0, and blockchain domains have infatuated everyone in the tech and crypto of late. The term Web 3.0 is now a part of everyday conversation. However, you won’t seem serious about it until you own an NFT domain. Web 3.0, the internet of tomorrow, is an umbrella term that combines different ideas aimed at a single goal, bypassing the big intermediaries from the internet. There is no need to use giants like Google, Meta, or Twitter on this new web. One of the important pillars…