Day: December 9, 2022

Amazon Launches TikTok-like Shopping Feed ‘Inspire’

Amazon revealed that Inspire will initially be available to select US customers in early December before being extended to other customers in the country over the coming months. Global retailer Amazon has launched a TikTok-like feature on its shopping app. The feature, called Inspire, is a short video and photo feed that displays content from influencers, brands ad customers. It was announced on Thursday and is designed to increase Amazon sales by drawing buyers’ attention away from apps like TikTok when brands can market directly to them. Commenting on the…

Turkey has an obsession with crypto — specifically Dogecoin: Study

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The crypto market slump doesn’t mean interest in crypto is also down. A new study from the cryptocurrency education platform CryptoManiaks revealed that many countries are still scouring the internet, hungry for crypto-related information. According to the study, the Netherlands and Turkey take the top two spots, with 8.2% and 5.5% of the population, respectively, searching for crypto-related terms. Turkey particularly accounted for 4.7 million searches, leading the searches with sheer numbers. The study analyzed the combined number of searches for a select set of popular cryptocurrencies into a percentage of the…

Paraguayan Cryptocurrency Law Shelved After Presidential Veto – Regulation Bitcoin News

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The cryptocurrency and mining law that the Paraguayan Congress passed in June was finally shelved on Dec. 5. The document, which sought to bring order to crypto mining and exchange activities in Paraguay, was ultimately dropped after failing to obtain the votes needed to reject the presidential veto it received. Paraguayan Crypto Law Dropped After Support Wanes The Paraguayan cryptocurrency law that was introduced in Congress in 2021 was finally shelved after not receiving the support it needed in the Deputy Chamber. The project, which was vetoed in September by…

Ethereum Addresses With 32 ETH Or More Rising: On-Chain Data

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As the bear market continues, Ethereum – the second-biggest cryptocurrency – continues to struggle. If you look at the data from CoinGecko, the most notable positive change is 4.1% on the bi-weekly timescale. The red flashing of the longer time scales, however, indicates that ETH has been declining in value since the FTX collapse, and this fact overshadows the shorter time scales. The upswing was triggered by a sudden increase in demand for prime real estate The descending triangle, a confirmation of a rally, is formed in part by accumulation…

Bitcoin price targets stretch to $19K as BTC jumps 4% from daily lows

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Bitcoin (BTC) stayed higher after a $17,000 liquidity grab on Dec. 9 as traders targeted further upside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin attempts new monthly high Data from Cointelegraph Markets Pro and TradingView showed BTC/USD cooling volatility once more after hitting $17,300 on Bitstamp. The pair had begun by taking liquidity at the Dec. 8 Wall Street open, this snowballing to see it challenge one-month highs from Dec. 5. For those already betting on upward continuation, the move came as little surprise, with the coast still clear…

Kevin O’Leary lost the $15M he was paid to be FTX’s spokesperson

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Shark Tank star and investor Kevin O’Leary, known in some circles as Mr. Wonderful, has claimed he has all but lost the $15 million FTX paid him to be its official spokesperson. Speaking at CNBC’s Squawk Box on Dec. 8, O’Leary outlined that after taxes, agents fees, a $1 equity investment into FTX, and buying a whole lot of crypto that’s now stuck on the FTX exchange, he’s got nothing left to show for his time with FTX. “Total deal was just under $15 million, […] I put about $9.7…

7 class action lawsuits have been filed against SBF so far, records show

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The number of lawsuits against former FTX CEO Sam Bankman-Fried has been racking up since the fall of his crypto empire, with the former “white knight” of crypto finding himself a defendant in seven class action lawsuits filed since FTX’s bankruptcy. These lawsuits are separate from the numerous probes and investigations examining FTX and Sam Bankman-Fried, such as a reported market manipulation probe by federal prosecutors and the Federal Election Commission’s likely investigation into Bankman-Frieds dark money donations to the Republican Party. Below is a summary of the class-action lawsuits…

US banking regulator’s crypto warning

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A United States banking industry regulator warned banks of the “emerging risks” of cryptocurrencies saying the sector should take a “cautious approach” and seek permission in some cases when engaging with crypto or crypto firms. Citing “dislocations” in the crypto market over 2022 the Office of the Comptroller of the Currency (OCC) highlighted what it said were “several key risks” of crypto in its Dec. 8 Semiannual Risk Perspective for Fall 2022 report. Its three main concerns are that “stablecoins may be unstable,” the crypto industry lacks mature risk management…