Day: December 9, 2022

Crypto & Stock Prices Jump Following Last Few Days of Weak Market

Stock and crypto prices increased on Thursday as the US Dollar Index weakened. Some of the market’s largest assets all rose. Crypto and stock prices climbed higher on Thursday, which should be a welcome development for long-suffering investors. The leading digital currency, Bitcoin (BTC), was trading up at around $17K, while Ether (ETH) was up 1.4% and changing hands at $1,248. Several other altcoins were also trading higher yesterday, with Binance (BNB) adding 1.3% and XRP tacking on 1.6%. Furthermore, Polygon’s native token MATIC grew 1.3%, while Dogecoin (DOGE) gained 0.8%. However, Polkadot’s digital currency DOT was…

Remote work triggers move to DAOs in the post-pandemic world: Survey

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A survey sample of working Americans suggests that millennial and Generation Z workers are far more in favor of joining decentralized autonomous organizations (DAOs) and working remotely in the post-Covid-19 world. Over 1,100 Americans took part in a survey conducted by MetisDAO Foundation which explores trends in remote working preferences and the emergence of DAOs in recent years. A key consideration is the effect that Covid-19 has had on worker sentiment and the growth of DAOs in corporate governance. Citing a research report on DAOs published by the Harvard Law…

ZELF Collaborates with Visa to Launch Anonymous Card

Most people have privacy and security concerns when it comes to making payments online. With the ZELF card, this becomes a no-issue. Bank of the Metaverse, ZELF, has announced its new anonymous Visa debit card that can be funded with cryptocurrency. Cardholders can open a US dollar checking account without needing any social security number and proof of address. According to the company, prospective clients can open a checking account with their name, email, and phone number. Within 30 seconds, these clients can get an anonymous virtual debit card that…

Coinbase takes a shot at Tether, encourages users to switch to USDC

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United States-based cryptocurrency exchange Coinbase has asked its customers to convert their Tether-issued USDT (USDT) stablecoin to USD Coin (USDC), a USD-pegged stablecoin issued by Circle and co-founded by Coinbase in 2018. The cryptocurrency exchange suggested that USDC is a much more secure alternative in the wake of the FTX collapse saga and has also exempted any fee on the conversion of USDT to USDC on its platform. The firm said: “We believe that USD Coin (USDC) is a trusted and reputable stablecoin, so we’re making it more frictionless to switch:…

Crypto Miner Hive Cuts Computing Power Forecast for Intel Chip-Based Rigs

Some of the machines have already been installed, with the rest expected by the end of January. The rigs’ computing power of about 109 terahahes/second (TH/s) per machine is a little over that of Bitmain’s Antminer S19 Pro, released in 2020. Hive didn’t divulge the energy efficiency or cost of the rigs, key metrics for miners struggling to keep up with high power costs. The Intel chip is touted as environmentally friendly, indicating that efficiency will be its strong suit. Source

Court Dismisses EthereumMax (EMAX) Lawsuit against Kim Kardashian and Other High-Profile Celebrities

The court admits that there are legitimate concerns over the kind of influence that celebrities have. The EthereumMax (EMAX) lawsuit against reality TV star Kim Kardashian and other popular celebrities including Paul Pierce and retired boxer Floyd Mayweather has been dismissed. The well-known celebrities were reportedly sued in January for the parts they played in promoting the EthereumMax (EMAX) cryptocurrency. However, a court decision on Tuesday has now dismissed the case for lack of sufficient evidence. Judge Dismisses EthereumMax (EMAX) Case against Kardashian According to an NBC News report, Judge…

FTX reportedly gets 3 more months to stop all operations in Japan

The Japanese subsidiary of the now-defunct cryptocurrency exchange FTX has received approval from local regulators to continue sorting out issues with withdrawals until next year. The Kanto Local Finance Bureau, a local financial regulator, running under the Ministry of Finance of Japan, has issued a statement regarding FTX Japan operations, Reuters reported. The Japanese authority has postponed FTX’s business suspension deadline until March 9, 2023, extending the original time limit by three months. In mid-November, Japan’s Financial Services Agency (FSA) initially requested FTX Japan to suspend business orders by Dec.…

Litecoin (LTC) Outperforms Other Top Crypto In This Department

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Litecoin (LTC) seemingly hit a speed bump that caused its bullish run to slow down a bit after it rallied all the way up to the $83 zone on December 5. The following day, the cryptocurrency closed the trading session with a trading price below the $80 marker before reclaiming said territory on December 7. Since then, the altcoin has been on a downward trend although it is already showing signs of recovery. In fact, at the time of this writing, according to tracking from Coingecko, Litecoin is changing hands…

Massachusetts Senator Forwards Bill Aimed at Forcing Crypto Miners to Report Greenhouse Gas Emissions – Bitcoin News

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On Dec. 8, 2022, three Democratic politicians from Massachusetts, Oregon, and California revealed legislation aimed at combatting “energy-intensive” cryptocurrency mining operations. The bill introduced by senator Ed Markey (D-MA) alleges that crypto mining “strains the grid” and the industry “undermines U.S. climate goals.” 3 U.S. Bureaucrats Believe Crypto Miners Need to Report Carbon Emissions and Environmental Assessments Senators Ed Markey (D-MA), Jeff Merkley (D-ORE), and Jared Huffman (D-CA) have introduced a bill that would require “an interagency study on the environmental and energy impacts of crypto asset mining.” Markey’s press…

Crypto Trading Firm Amber Group Ditches $25M Chelsea Sponsorship Deal Amid Layoffs: Report

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