Day: November 16, 2022

Island nation turns to metaverse to preserve its disappearing heritage

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In the South Pacific, the island nation of Tuvalu decided to turn to Web3 technology in order to make sure its culture and society are preserved in the future.  On Nov. 15 the country’s foreign minister, Simon Kofe, told the COP27 climate summit that it is looking for alternative ways to protect the county’s heritage against rising sea levels brought on by climate change. One of those ways is through recreating itself in the metaverse. As highlighted by Minister Hon @Simon_Kofe in his speech to leaders at #COP27 we have…

Bitcoin miners send less BTC to exchanges since 2020 halving despite FTX

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Bitcoin (BTC) miners may be sending more BTC to exchanges this month — but overall, their sales have crashed since 2020. Data from on-chain analytics platform CryptoQuant confirms that daily miner transfers to exchanges have decreased by two thirds or more. Miners cool BTC exchange sales after FTX spike After BTC/USD lost 25% in days last week, existing concerns over miner solvency have heightened. Given their cost basis and rising hash rate, commentators warned that many mining participants may not be able to make ends meet — block subsidies and…

XRP Price Drops While 2 Bullish Events Are Kicking Off

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The XRP price cannot escape the broader market sentiment at the moment and was trading at $0.3781 at press time. With this, XRP was unable to defend yesterday’s gains of over 9%, and continues to show itself trapped in a price channel between $0.32 and $0.40. The channel was established when XRP price fell from above $0.50 to near the 1-month low at around $0.32 on November 09 as a result of the FTX collapse. In the 1-hour chart, XRP is currently trading above the 50 and 100 Simple Moving…

BINANCE KILLS FTX DEAL…BITCOIN FALLS

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Binance just announced they are not going to acquire FTX due to many reasons. Bitcoin dumps to $16000 due to the news…is FTX done? What about Solana? 🔥Buy & Trade Crypto w/o KYC on MEXC ($9100 Bonus) 🟪Buy Bitcoin & Crypto with IRA/401k w/ItrustCapital ($100 Bonus) 🟪Join Sorare and Compete for Free NFTs: 🚨Protect Your Online Presence w/ NordVPN 🔒Safeguard Your Bitcoin and Crypto w/ Ledger Wallet ✅Trade 300+ Crypto on Kucoin ($500 Bonus): Follow these other great channels from George :…

Luna Foundation Guard Spent $2.8B Defending UST Peg, Third-Party Audit Finds

“While there have been multiple recent failures in crypto, it is important to distinguish between Terra’s case, where a transparent, open-source decentralized stablecoin failed to maintain peg parity and its creators spent proprietary capital to try to defend it, and failure of centralized custodial platforms where its operators misused other people’s money (customer funds) for financial gain,” said Do Kwon, Terraform Labs founder. Source

Relaunch of USAN — the Union of South American Nations — in Latam Profiles New Monetary Integration – Economics Bitcoin News

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A proposal for relaunching the currently defunct USAN, the Union of South American Nations, profiles a future monetary integration amongst the countries of the organization. The proposal, made by several former presidents of countries in Latam, reinforces the need for regional integration to overcome common problems in the area, including poverty. USAN Relaunch Proposal Includes Monetary Integration The recent political changes in Colombia and Brazil have given rise to a series of processes seeking to integrate the countries of South America into a new organization. On Nov. 14, a proposal…

UAE regulator adopts blockchain to speed up commercial judgments

A judicial authority established by the United Arab Emirates (UAE) Federal Decree has adopted blockchain technology to save time and costs related to the enforcement of commercial judgments. ADGM Courts, an authority that supports the financial regulator Abu Dhabi Global Markets (ADGM), has implemented blockchain technology to help save significant time for the parties in the judicial process. Commercial judgments involve assessing various financial risks and dealing with commercial issues in business. Digitization through blockchain technology will allow courts and parties to immediately access commercial judgments — a move aimed…

Tim Draper still positive on $250K Bitcoin price prediction in 2023

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Billionaire venture capitalist and serial blockchain investor Tim Draper is not giving up on his near-term Bitcoin (BTC) prediction despite the recent issues in the cryptocurrency industry. Draper continues to stick with his optimistic prediction that Bitcoin will hit $250,000 in 2023 despite the ongoing crypto crisis fueled by FTX. “No change in the price prediction. Still $250,000 by early next year,” Draper stated in an interview with Cointelegraph on Nov. 15. The collapse of FTX crypto exchange has nothing to do with the success of Bitcoin because Bitcoin is…

OMG… Big Crypto News Today! (Cardano, Bitcoin, Ethereum, & More)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Why I’m SO BULLISH on Cryptocurrency going into August. Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Introduction (Watch the WHOLE Video) 0:13 – Number of entities with less than 1 bitcoin hits new ATH! 0:54 – Over 100,000 Cuban citizens rely on bitcoin & crypto for their day-to-day live. 1:38 – Video Clip: Cuba adopting crypto 4:02 – Chipotle doing BIG crypto promotions (crypto…

KuCoin Token (KCS) Loses 20% As Top Coins Bleeding

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While trading in the red zone at press time, the KuCoin token (KCS) has lost substantially in the last 7 days. The token had joined the entire crypto market in its downward trend after the FTX implosion. However, exchanges like KuCoin may benefit from the recent failure of the FTX collapse.  Johnny Lyu, CEO of KuCoin, assured consumers after FTX’s bankruptcy that the exchange would never misappropriate user assets and be transparent. Lyu’s call for transparency was the main catalyst behind the token’s recent surge. KuCoin has publicly stated that…