Day: December 15, 2022

Active Crypto Developers Decreased Nearly 60% in 2022

The decline has come as ether, the token of the Ethereum blockchains, and other cryptocurrencies have plummeted from record highs little more than a year ago. ETH was recently trading at about $1,300, down 64% from the start of the year when the second largest crypto by market capitalization was still hovering near $4,000. The number of projects built on the Ethereum platform over this period has plummeted as some projects have failed and increasingly risk averse investors have deployed their money at a slower rate than during 2021’s bull…

Whale Accumulation Paints Bullish Picture For XRP

XRP whales have taken advantage of the price decline recorded in the crypto market to fill up their bags. These large investors have been rapidly buying up the tokens and increasing the percentage of supply they hold. In the last month, the holdings of these large whales have seen a significant uptick, sending their cumulative total holdings to one of the highest it has ever been. Gobbling Up The Coins Data from Santiment shows that the holdings of XRP whales with 100,000 to 10 million coins on their balances have…

Crypto.com continues its worldwide registration push with Brazilian EMI license

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Crypto.com has received a Payment Institution License (EMI) from Banco Central do Brasil, the central bank of Brazil. The license will allow it to “continue offering regulated fiat wallet services for customers in Brazil,” according to an announcement on the company’s website. Crypto.com has offered a Visa card in Brazil for purchases in cryptocurrency or fiat since last year. The Singapore-based cryptocurrency exchange recently added a proof-of-reserves page to its website. It has received approvals in several countries in recent months, including France, the United Kingdom and South Korea, the announcement states.…

Trump Launches NFT Card Collection — Sweepstake Winners Could Dine or Golf With the 45th President – Bitcoin News

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The former 45th president of the United States, Donald Trump, announced the launch of his new non-fungible token (NFT) trading cards on Dec. 15, 2022. Trump revealed the NFT collection via his Truth Social account and the former president told his fans that the NFTs would “make a great Christmas gift.” Former President Drops the Trump Trading Card NFT Collection Minted on the Polygon Network — Collection Offers Entry Into a Sweepstakes With Unique Trump-Related Prizes Donald Trump hopes to make America great again as the businessman and media personality…

Researchers use zero-knowledge to address privacy, AML concerns in stablecoins

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Researchers from German crypto blockchain-based payments fintech etonec and other organizations have proposed using zero-knowledge proofs to ensure regulatory compliance and privacy in stablecoins. They have created a design that allows fiat-based stablecoins to be used like cash, within limits. The researchers’ design allows a number of limits, including on transactions, balances and turnover, and enables Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) compliance with the use of zero-knowledge proofs, particularly zk-SNARK (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge). Below the preset limits, transactions would be invisible to…

The VC-dominated crypto funding model needs a reboot

Does the crypto industry’s funding space need an overhaul? This is one of many questions swirling in the wake of FTX’s downfall: When the prominent exchange collapsed, it left behind a long line of helpless creditors and lenders — including many promising projects dependent on funds promised by Sam Bankman-Fried and company. But there is a bigger problem at the heart of the current funding picture, wherein deep-pocketed venture capital firms throw their weight around in the low-liquidity Web3 market, heavily backing early-stage projects before cashing out at a profit…

Dutch central bank says KuCoin is not licensed and ‘illegally offering services’

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The central bank of the Netherlands, De Nederlandsche Bank, has issued a warning to investors using KuCoin, saying the exchange was operating without legal registration. In a Dec. 15 announcement, the central bank said that MEK Global Limited, or MGL, which does business in the Netherlands as KuCoin, was not in compliance with the country’s Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) regulations. De Nederlandsche Bank added the crypto firm was “illegally offering services” as well as “illegally offering custodian wallets” for users. “Customers of MGL are not in…

Jack Dorsey Gives Decentralized Social Network Nostr 14 BTC in Funding

Dorsey co-founded Twitter in 2006 and departed the company on Nov. 29, 2021, so that the company could move on from its founders. He remained the CEO of Block, a company dedicated to furthering economic empowerment through its portfolio companies. Since his departure from Twitter, the now-Elon Musk-owned company has experienced a rough patch, prompting some users to seek alternatives such as Urbit and Mastodon. Source