Day: December 8, 2022

Telegram to allow no-sim accounts via anon-blockchain-numbers

Messaging app Telegram has rolled out a new update enabling users to create accounts using blockchain-based anonymous numbers, as opposed to cell phone numbers.  Telegram already hides people’s private phone numbers from non-added users on the app, however, users will now be able to hide numbers from everyone, which is likely to please people who value privacy-focused features. The messaging platform has become a popular app for crypto enthusiasts. The move is part of a 9.2 update launched on Dec. 6, which also enables users to auto-delete timers on messages…

Bears Target Fresh Lows Below $0.28

Cardano’s price started a fresh decline after it failed to surpass $0.33. ADA remains at a risk of more losses below $0.30 and $0.28 in the near term. ADA price is showing a lot of bearish signs below the $0.320 support against the US dollar. The price is trading below $0.320 and the 100 simple moving average (4-hours). There was a break below a key rising channel with support near $0.320 on the 4-hours chart of the ADA/USD pair (data source from Kraken). The pair could continue to move down…

Russia Expects Sizable Increase in Crypto Miners’ Share of Power Usage – Mining Bitcoin News

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The crypto mining industry may see a two-fold increase in its share of Russia’s power consumption in 2022, according to a high-ranking official from the Ministry of Energy. The department supports a bill designed to regulate the sector which is likely to be adopted this year. Russian Energy Ministry Forecasts Rise in Crypto Mining’s Electricity Consumption The share of cryptocurrency miners may reach 1.5 – 2% of Russia’s total consumption of electrical power by the end of 2022, according to the Russian Deputy Energy Minister Pavel Snikkars. During a crypto…

Ethereum Price Nears Breakdown Support, Can Bulls Save The Day?

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Ethereum extended its decline below the $1,240 support against the US Dollar. ETH remains at a risk of more losses below the $1,220 support in the near term. Ethereum remained in a bearish zone and traded below the $1,240 support. The price is now trading below $1,250 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $1,245 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at a risk of a downside break below the $1,220 support.…

Crypto lender Genesis has no solution yet for withdrawal halts

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Crypto lending platform Genesis has informed its customers that its withdrawal freeze is likely to last “additional weeks” amid efforts to stave off a potential bankruptcy filing. In a Dec. 7 letter to its customers shared by Genesis to Cointelegraph, interim CEO Derar Islim — who took the temporary helm of the company in August — said it will be weeks for them to formulate a recovery plan that could see withdrawals reopened, stating: “At this point, we anticipate that it will take additional weeks rather than days for us…

Bankruptcy judge orders $44M in crypto to be returned to Celsius customers

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A federal judge has ordered crypto lender Celsius to return crypto worth around $44 million to the platform’s custody program customers. According to Bloomberg, the verbal order was delivered by United States Bankruptcy Judge Martin Glenn in a Dec. 7 hearing, with the judge noting: “I want this case to move forward. I want creditors to recover as much as they possibly can as soon as they possibly can.” The amount — which applies only to crypto held within custody accounts — is a tiny fraction of the billions Celsius…

Bitcoin Price Could Avoid Another Downtrend if it Closes Above One Key Level

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Bitcoin price extended its decline below the $17,000 level. BTC could avoid a major drop if it closes above the $17,000 resistance zone. Bitcoin remained in a bearish zone and traded below the $17,000 support. The price is trading below $17,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $16,920 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is showing a few bearish signs below the $17,000 pivot level. Bitcoin Price Is Showing Bearish…

Steve Aoki and 3LAU Launch PUNX Music Project Using CryptoPunks IP

Both Aoki and Blau have been influential in combining NFTs and music through their respective projects. Blau previously released an NFT album series titled “Ultraviolet,” which raked in a record $11 million, and launched music royalty platform Royal in May 2021. Aoki has released several successful NFT collections, including the Dream Catcher and launched the A0K1VERSE, an NFT membership community. Source