Day: October 4, 2022

BTC Back Above $20,000, USD Hits 2-Week Low – Market Updates Bitcoin News

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Bitcoin was back above $20,000 on Tuesday, as the U.S. dollar fell to its lowest point in two weeks versus several G7 currencies. The stronger dollar has impacted purchasing power in cryptocurrencies, and commodities like crude oil, which last week fell to a nine-month low. Ethereum was also up, hitting a five-day high. Bitcoin Bitcoin (BTC) briefly rose above $20,000 on Tuesday, as the U.S. dollar continued to decline versus other major currencies. This has resulted in the world’s largest cryptocurrency climbing to a peak of $20,071.20 earlier in today’s…

Basel Committee crypto asset prudential treatment proposals get detailed responses

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The comments period has ended for the Basel Committee on Banking Supervision (BCBS) “Second Consultation on the Prudential Treatment of Cryptoasset Exposures,” a document published in June 2022.  International financial associations had a lot to say in response to it. Several did so at once in a joint 84-page comment letter released Oct. 4. In addition, there were a few lone voices, although they did not differ significantly in content from the conclusions made by the joint associations.  All the commenters had the same basic message. Institute of International Finance…

‘Prohibitive’ Global Crypto Capital Norms Could ‘Derail’ Market, TradFi Groups Say

The lobby groups, which also include the Futures Industry Association, the International Swaps and Derivatives Association, the International Securities Lending Association, the Bank Policy Institute, the International Capital Markets Association, and the Financial Services Forum, want to see the cap raised from 1% to 5% of a bank’s Tier 1 capital – the core financial instruments issued by the bank – and for supervisors to look at net positions rather than gross. Source

Blockchain Game Developer Horizon Raises $40M Series A: Report

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On a confronté un expert NFT à leur vraie utilité

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io vous avez réussi à suivre jusqu’au bout 😅 ? Merci à Alyra d’avoir sponsorisé cette vidéo ! Pour découvrir ce qu’ils proposent : La formation développeur blockchain : La chaîne de Hasheur, pour tout comprendre aux cryptomonnaies et la blockchain : 👀 À voir ensuite, Hasheur nous raconte le jour où il s’est fait braquer chez lui pour des cryptomonnaies : 👀 l’erreur que TOUS les bébés développeurs font : 👀 les Dead Drops, recréer Internet avec des clés USB : Pas…

Cryptocurrency Is Losing Popularity as Investment Vehicle in US, According to Bankrate Survey – Bitcoin News

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The popularity of cryptocurrency as an investment vehicle is dwindling in the U.S., according to a survey made by Bankrate. The survey found that trust in crypto has diminished across several groups, with millennials losing 20% of their trust in the assets — more confidence lost than in the other generational groups surveyed. Investors Losing Confidence in Crypto According to Bankrate While crypto is still considered a new investment vehicle in the current market, some of its believers have started to lose faith. A survey made by Bankrate shows that…

Ether exchange netflow highlights behavioral pattern of ETH whales

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The exchange netflow of Ether (ETH) over the past couple of years highlights a behavioral pattern among Ether whales that market analysts believe is done to pump the price of the second-largest cryptocurrency. The “exchange netflow” is an indicator that measures the net amount of crypto entering or exiting wallets of all centralized exchanges. The metric’s value is simply calculated by taking the difference between the exchange inflows and the exchange outflows. Data shared by one of the pseudonymous traders of crypto analytic firm Cryptoquant indicates that ETH whales have consistently sent…

The Coorest Carbon Standard Now Officially Certified – Press release Bitcoin News

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press release PRESS RELEASE. Coorest, a Polygon-native project, is the first blockchain project to have a certified standard for carbon compensation entirely on-chain — allowing anyone with an internet connection to compensate for their carbon footprint, thereby demonstrating that the newly certified Coorest Carbon Standard (CCS) is an excellent alternative to other pre-existing standards. As a result of the new standard, all activities related to carbon compensation must be carried out through the blockchain; this ensures that all steps of the carbon compensation process are visible at all times and…

Latin Grammy Awards signs three-year contract for award show NFTs

This year’s 64th Latin Grammy Awards will have its first-ever nonfungible token (NFT) collection after the Latin Recording Academy signed a three-year contract for award show-related NFTs. The aforementioned partnership is between the Latin Recording Academy, which is behind the Latin Grammys, and OneOf, a Web3 music platform. Each collection, which will lead up to that year’s award show, will include drops highlighting Latin music. According to Manuel Abud, the CEO of the Latin Recording Academy, this is a new form of musical innovation and a way for fans to…

These Factors Have A Negative Impact On ADA Price

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Cardano is said to be designed in such a way that it performs better than Ethereum when it comes to running smart contracts. Cardano has now lost 86.2% of its $3.09 all-time high ADA still remains as the 8th largest crypto by market capitalization $1 trading price remains a big challenge for Cardano After all, Charles Hoskinson, the founder of the ADA network, was one of the developers of the network of what is widely recognized as the “king of all altcoins.” Hoskinson made sure the work he has done…