Day: November 29, 2022

Israel’s chief economist lays out recommendations for crypto regulation

Israel’s chief economist has laid out a list of recommendations as to how policymakers should tackle digital asset laws in the country in order to safely drive up crypto adoption. In a 109-page report submitted to the Minister of Finance on Nov. 28, Shira Greenberg, Chief Economist at the Ministry of Finance, called for a more comprehensive regulatory framework that would bring trading platforms and crypto issuers in line and would expand the powers given to its financial regulators.  Greenberg recommended Israel should improve investor certainty and protection by imposing stricter licensing…

Don’t Forget the Importance of Censorship Resistance – Op-Ed Bitcoin News

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Since people are once again talking about self-custody as one of crypto’s unique strengths, I would like to remind everyone about an equally important fundamental value proposition of crypto that, in the early days, was touted as the killer feature. I’m talking about censorship resistance. The following opinion editorial was written by Bitcoin.com CEO Dennis Jarvis. “Almost all blocks since The [Ethereum] Merge.” Red represents censored blocks. Image and text from @takenstheorem on Twitter. The Three Pillars of Censorship Resistance In the financial context, censorship resistance is the ability to…

Ethereum Price Key Indicators Point Firming Case For Recovery Above $1,250

Ethereum is holding the key $1,150 support against the US Dollar. ETH is rising and might even clear the $1,250 resistance zone in the near term. Ethereum corrected lower, but the bulls were active near $1,150. The price is now trading above $1,180 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,195 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise steadily if it clears the $1,200 and $1,230 resistance levels. Ethereum Price Eyes Fresh…

China’s lockdown protest NFTs emerge, Candy Digital cuts staff, and more

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China’s COVID-19 protests cemented as NFTs Nonfungible tokens (NFTs) depicting the ongoing protests in China against the country’s tough zero-tolerance COVID-19 policy have found their way to the NFT marketplace OpenSea. At least two collections have been created in November, the first is a Polygon (MATIC)-based collection called “Silent Speech” featuring 135 NFTs depicting images of protesters, signage, graffiti and even social media screenshots related to the ongoing protests up for auction starting at 0.01 Ether (ETH), or just under $11.50. A Silent Speech NFT titled “Beihang University” (translated) shows…

Silvergate denies recent FUD, confirms minimal exposure to BlockFi

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Institutional crypto services provider Silvergate Capital has confirmed its minimal exposure to the embattled BlockFi crypto lending firm. On Nov. 28, Silvergate announced that its deposit relationship with BlockFi is “limited to less than $20 million of its total deposits from all digital asset customers.” Those deposits totaled $13.2 billion in Q3 according to the firm’s revenue report. It added that BlockFi was not a custodian for its Bitcoin-collateralized leverage loans and the firm has no investments in BlockFi. To quell investor jitters, Silvergate CEO Alan Lane said, “as the…

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Bitcoin Price Looks Ready For Another Leg Higher Over $16.5K

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Bitcoin price extended its decline and tested the $16,000 support. BTC is forming a base and might soon rise above the $16,500 resistance zone. Bitcoin declined further and tested the $16,000 support zone. The price is trading below $16,500 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $16,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a decent increase if it clears the $16,500 resistance zone. Bitcoin Price Remains Supported Bitcoin price…