Day: November 1, 2022

Dogecoin And Shiba Inu In The Lead

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October began with a decline in Bitcoin, altcoin, and memecoins like Dogecoin prices backed by the Fedโ€™s quantitative tightening and interest rate hike. Bitcoin slumped below the 20k psychological level, giving rise to tensions among investors in the market. However, the month ended with a massive price rally for some altcoins across the market. While bitcoin price slumped below 20k and later made a recovery, Memecoins hit milestone gains, with DOGE increasing by 25%. SHIB and others followed closely after DOGE. How Dogecoin And Other Memecoins Are Faring The price…

Gibraltar Will Focus on Stablecoins and DeFi Lending After Market Turmoil

Gibraltar Financial Services Commission (FSC) wants to bring decentralized finance lending and stablecoins into โ€œsharp focus,โ€ William Gracia, Head of distributed ledger technology (DLT) and markets at the FSC said at the country’s affair on Tuesday. Gibraltar was hosting an event in central London to celebrate the progress of blockchain and DLT within its borders. Source

Crypto regulation is 1 of 8 planned priorities under India’s G20 presidency, says finance minister

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Indiaโ€™s Finance Minister Nirmala Sitharaman said she would love to show that the country is โ€œmoving speedily forwardโ€ with digital financial technology as it prepares to assume the presidency of the G20. Speaking at the Indian Council for Research on International Economic Relations on Nov. 1, Sitharaman said the people of India have taken to digital technology โ€œas fish to water.โ€ The finance minister added that crypto asset regulation would likely be one of Indiaโ€™s priorities in its leadership of the G20, but needed the support of other members. According…

White House Convenes Summit for Stopping the Spread of Ransomware

Significantly, the CRI also has committed to โ€œtake joint steps to stop ransomware actors from being able to use the cryptocurrency ecosystem to garner payment.โ€ This would include sharing information about crypto wallets used for laundering funds, as well as developing and implementing anti-money laundering/combating the financing of terrorism (AML/CFT) crypto standards. Among those standards would be โ€œknow your customerโ€ (KYC) rules to reduce their misuse by cyber criminals. Source

Hereโ€™s the Latest Bitcoin Mining News YOU NEED TO KNOW!

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io Whether youโ€™re thinking about getting into Bitcoin mining, out of BTC mining, or youโ€™re trying to catch up on the latest Bitcoin and Bitcoin mining news. Hereโ€™s what you need to know! Bitcoin investors and miners cannot afford to miss this BTC video! Subscribe – Buy Sell Trade Bitcoin and more on FTX! Buy a Bitcoin miner from coin mining central – Thereโ€™s some good news and some bad news. Weโ€™ve got the latest crypto updates on the chip industry, the status…

Bitcoin Mining Giant Argo Blockchain Gets Negative Cash Flows And Stock Price Dips

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Though the crypto winter seems to be over, its impact on Bitcoin and the crypto market still lingers. Several crypto-related firms have gone down the drain over the pressure in the market. Some are still battling to stay afloat despite the forcesโ€™ influence while managing their operations. Most companies related to Bitcoin mining are getting more heat from the fluctuating market trend. Most Bitcoin miners have shut down businesses, but some filed for bankruptcy as they couldnโ€™t weather the storm. Argo Blockchain is reportedly facing a negative cash flow, with…

NFTs Get a New Place to Live, With Ripple Aiming for Mass Adoption

David Schwartz, chief technology officer of Ripple Labs, told CoinDesk in an interview this week that the goal is to enable mass adoption of tokenization โ€“ representing ownership of real-world things through NFTs โ€“ by offering lower costs, higher speeds and improved security over existing blockchains. Ethereum is among the incumbents. Source

Bitcoin Miner Stronghold Digital Completes Debt Restructuring

“We are executing on the strategy we outlined during our second-quarter earnings announcement in August โ€“ to rapidly delever our balance sheet and enhance liquidity, and we are actively pursuing acquisitions of bitcoin miners at attractive prices to take advantage of the current distressed market while continuing to manage liquidity carefully,” said Stronghold CEO Greg Beard. Source

How MoneyGram Will Let Users Trade Bitcoin And Crypto

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According to a press release, payment company MoneyGram released a new Bitcoin and crypto service for its mobile app. The company lets U.S. customers purchase, sell, and hold digital assets on its platform.ย  The service was launched with Coinme, a crypto exchange, and crypto service provider. MoneyGram and Coinme partnered in 2021. At that time, the partners launched the first in-store crypto trading service. This product allowed users to access Bitcoin and crypto across thousands of point-of-sale in the United States.ย  The companies have been working on expanding their cooperation…