Day: December 7, 2022

Proactive sanctions can help spare the ecosystem: Chainalysis exec

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As many countries, entities and even individuals face international sanctions, the crypto industry seeks to find its place among increasing regulations.  Digital currencies have often been mentioned as an avenue for those subject to sanctions to divert them, such as in the recent case of Russia. In such instances, exchanges and other industry players need to understand where they stand compliance-wise.  Research out of Harvard even suggested that central banks can use Bitcoin (BTC) to fight off sanctions. Speaking to Cointelegraph’s managing editor Alex Cohen at the Israel Crypto Conference,…

Will Rocketize Produce a Stellar Performance in the NFT Space Like Decentraland and Flow

Place/Date: – December 7th, 2022 at 1:03 pm UTC · 4 min read Source: Rocketize Decentraland (MANA), Flow (FLOW), and the new cryptocurrency, Rocketize (JATO),  may represent your best opportunities to earn from NFTs. In 2021, non-fungible tokens (NFTs) established themselves as a mainstay in the cryptocurrency market due to their widespread use by celebrities and artists, who used them to display their creations and sold many of them for millions of dollars. As the metaverse saga intensifies, the cryptocurrency community is paying attention to NFTs, as they represent the…

Tokens Like Tron, Algorand, and Big Eyes Coin Are Proof That Cryptocurrency Has a Bright Future

Place/Date: – December 7th, 2022 at 12:58 pm UTC · 3 min read Source: Big Eyes Coin Photo: Big Eyes Coin In October 2021, cryptocurrency was at an all-time high: the market capitalization and the price of Bitcoin were soaring to new highs. Following record-breaking numbers in November, things were going well, the crashes in the market in 2022. Since the slump happened, the emergence of new tokens has not halted. The influx of new cryptocurrencies is a sign that there is still life left in the industry. If you’re…

Focus More on Security and Compliance, CoinTR Is Committed to Building the World’s Leading Crypto Exchange 

Place/Date: Turkey – December 7th, 2022 at 12:50 pm UTC · 3 min read Source: CoinTR CoinTR is a global exchange based in Turkey, located in MASLAK, a modern business district in Istanbul. The founding team comes from the world’s top blockchain companies, including Binance, Huobi, etc. At present, CoinTR has completed the first round of financing of 15 million US dollars. More than 100 product and technical experts and the wallet security team from the world’s top three exchanges, including the former vice president of Huobi to build CoinTR…

Blockstream Recorded About 70% Valuation Cut Following New Fundraise

Adam Back did not comment on the exact size of the offering and who the top backers are this time. However, he made it clear that the funds will be used to expand the company’s mining capabilities. Blockchain technology firm Blockstream has recorded a significant valuation drop in its latest funding round, an aftermath of the sliding valuation in the digital currency ecosystem. As reported by Bloomberg citing people familiar with the fundraising, the company’s valuation may drop as low as $1 billion. Blockstream Valuation and Plans for New Capital…

Institutional investors still eye crypto despite the FTX collapse

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The negative effects caused by the FTX debacle have put the crypto space in an unfavorable light. However, institutional investors continued to show interest in the industry even at the height of the FTX controversy.  According to crypto exchange Bitstamp, compared to their data in October, institutional registrations within its digital asset trading platform is up by 57% in November, when the topic of the FTX collapse frequented news headlines. The exchange also told Cointelegraph that its total revenue is up by 45% in the same period, with revenue coming…

Remittances to Low and Middle Income Countries in 2022 Up by 5% to $626 Billion — Latest World Bank Report – Economics Bitcoin News

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Despite the headwinds that have dominated the year, remittances to low and middle-income countries in 2022 still grew by 5% to $626 billion, the World Bank Migration and Development Brief has said. Africa, where the cost of sending $200 averaged 7.8% in 2022, is the “most severely exposed to the concurrent crises.” Impact of the Appreciating Ruble and Weaker Euro According to the latest World Bank Migration and Development Brief (MDB), total remittances to the so-called low and middle-income countries (LMICs) in 2022 went up by 5% to $626 billion.…

Bank of Russia wants to ban miners from selling crypto to Russians

The Russian central bank continues to maintain an extremely negative stance on cryptocurrencies, proposing to ban local miners from selling coins to local people. The Bank of Russia has supported the idea of legalizing cryptocurrency mining in Russia as part of a draft bill introduced in mid-November 2022. However, the Russian central bank wants to allow miners to sell their crypto only on foreign exchanges and to non-residents of Russia, the local news agency Interfax reported on Dec. 7. “We believe that cryptocurrency obtained as a result of mining can…