Day: July 22, 2022

Taiwan Bans Cryptocurrency Purchases with Credit Cards

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Taiwanโ€™s financial regulator, the Financial Supervisory Commission (FSC), is setting the ground to ban the use of credit cards for the purchase of digital currencies within its jurisdiction. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. As reported by Forkast, the regulator asked banks and credit card companies not to partner with cryptocurrency service providers as merchants. The FSC already issued a letter to the banking association earlier this month. The FSC…

3AC founders reveal ties to Terra founder, blame overconfidence for collapse

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The founders of tainted crypto hedge fund Three Arrow Capital (3AC), which filed for bankruptcy in the first week of July, have finally resurfaced after five weeks of no known whereabouts. In an interview with Bloomberg, the crypto hedge fundโ€™s two founders Su Zhu and Kyle Davies admitted that the overconfidence born out of a multiyear bull market, where lenders saw their value swell by virtue of financing firms like 3AC, led to a series of bad decisions that should have been avoided. Zhu also revealed their closeness to Terra…

Crypto.com scores regulatory approval from Cyprus SEC

Singapore-based cryptocurrency exchange Crypto.com continues to aggressively expand its reach, becoming the latest crypto firm officially authorized to operate in Cyprus. Crypto.com has received regulatory approval from the Cyprus Securities and Exchange Commission (CySEC), the firm announced to Cointelegraph on July 22. The approval enables Crypto.com to offer a number of products and services to customers in Cyprus in compliance with local regulations. The new regulatory milestone comes in line with Crypto.comโ€™s growing global presence as the firm has been actively expanding its operations, receiving approvals to operate in countries…

Binance Says It Does Not Stake or Lend ‘Locked’ DOGE

Therefore, DOGE, LTC, and BTC holders do not have the option of staking their coins on a network individually or through an exchange in return for rewards. Only native tokens of PoS blockchains like Polkadot, Cardano, and Avalanche can be staked to earn rewards, representing a passive income. (Ethereum, which was originally designed as a PoW blockchain, is in the process of transitioning to a PoS blockchain). Source

Blockchain and cybersecurity awareness on the rise: PolySwarm CEO

As the blockchain space becomes more extensive, cybersecurity becomes a more crucial requirement for many. Because of this, PolySwarm CEOย Steve Bassi argued that there is a need to leverage blockchain for cybersecurity. Bassi told Cointelegraph that while the awareness of blockchain technology and security is on the rise, the use of blockchain within cybersecurity is still in its early days. โ€œAwareness about cyber security and crypto, especially over the last five years, increased more than any time during my professional security career,โ€ he said. Despite the rise in awareness, the…

Buying crypto with credit card is now indirectly banned in Taiwan

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Taiwanโ€™s Financial Supervisory Commission (FSC), a chief financial regulator, issued a note to the banking industry, indicating that they should not grant the virtual assets providers (VASPs) the status of merchant in operations with credit card holders. That means a de-facto ban on buying crypto with a credit card on the island.ย  As the local media reported on Thursday, July 21, The Financial Supervisory Commission sent a letter to the Association of Banks in early July, reminding the members of the Association of Banks that virtual assets are highly speculative…

How Crypto and Web 3.0 Will Impact YouTube

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The numerous ways cryptocurrency and Web3 have been beneficial to industries are sometimes underrepresented. Businesses, entrepreneurs, investors, and individuals are reaping the rewards of recent advancements in the Web3 space, and, not to be left out, the video and streaming industry is already starting to reap the benefits of its ongoing integration with Web3. With the introduction of a Watch-to-Earn concept (W2E), Web3 aims to revolutionize the video space from an industry focused on profit for corporations to one that is more inclusive. Web3 is creating a system of balance…

DID VOYAGER LOSE $250M TO CELSIUS? | BITCOIN HOLDERS GET THE LAST LAUGH

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Today let’s look at the connection between Voyager and Celsius network. What happened to the $250M deposited? Also lets talk about Bitcoin. ๐ŸŸชBuy Bitcoin & Crypto with IRA/401k w/ItrustCapital ($100 Bonus) ๐Ÿ“ŠBuy Bitcoin & Crypto w/Bitget (No KYC and up to $8000 Bonus) ๐Ÿ’ณGet a Blockfi Bitcoin Reward (1.5% Back in BTC) Credit Card: ๐ŸšงBuy Crypto Domain Names w/ Unstoppable Domains: ๐Ÿ’ฐEarn Interest and DCA Crypto w/ Vauld: ๐Ÿ”’Safeguard Your Bitcoin and Crypto w/ Ledger Hardware Wallet ๐ŸšจProtect Yourself with NordVPN (69%…

Bitcoin’s Mining Difficulty Slides 5% Dropping to Levels Not Seen Since March โ€“ Mining Bitcoin News

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On July 21, 2022, at 2:14 p.m. (ET) at block height 745,920, Bitcoinโ€™s mining difficulty dropped by 5.01% outpacing the last two epoch changes. The latest downward shift makes it 5% easier to find blocks than it was during the past two weeks, and roughly 8.77% easier since June 22. Itโ€™s Now 11.39% Easier to Find a Bitcoin Block Since the Difficultyโ€™s All-Time High on May 10 Bitcoin miners caught a break this week as the difficulty adjustment algorithm (DAA) adjusted downward for the third week in a row. The…