Day: December 23, 2022

Football Edition Celebrates the World Cup With Record-Breaking Participation – Press release Bitcoin News

PRESS RELEASE. Victoria, Seychelles (December 23 2022) – Leading crypto exchange, Bitget, announces the conclusion of its biannual trading tournament, King’s Cup Global Invitation (“KCGI”): Football Edition with record-breaking participation. Hosted from November 21 to December 19, a total of 32,174 participants joined the tournament in a team battle, individual competition and invitational competition. The tournament recorded the highest participation this time since the event debuted, and all the winners took home a rewards pool of more than half a million USDT combined. The KCGI tournament is a biannual futures…

US election agency approves use of NFTs as campaign fundraising incentive

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The United States Federal Election Commission (FEC) has issued an advisory opinion stating DataVault Holdings may use nonfungible tokens for fundraising efforts. In a Dec. 15 notice, the FEC said it was “permissible” for DataVault holdings to send nonfungible tokens, or NFTs, to political campaign contributors without violating rules on corporate contributions. According to the election agency, DataVault will receive “reasonable compensation” for each NFT issued to contributors, as well as track all tokens issued for its own records. “The Commission concludes that DataVault’s proposals to provide political committees with…

Price analysis 12/23: BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT, LTC, UNI

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Bitcoin and most major altcoins are trading close to their overhead resistance levels, increasing the likelihood of an upward push. Bitcoin (BTC) is on track to end the year with a loss of about 65%. This would mark the third negative year for Bitcoin with the other two being 2014 and 2018. In comparison, the S&P 500 has fared much better but that is also down close to 20% in 2022. Although cryptocurrency prices have seen deep cuts this year, traders have continued to plow money into the space. An online survey…

Biggest Movers: ADA, XRP Rebound From Recent Losses on Friday – Market Updates Bitcoin News

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Cardano climbed for a second consecutive session on Dec. 23, as the token surged to its highest point since Monday. Overall, crypto prices were marginally higher as of writing, with the global market cap currently up 0.49%. Xrp, formerly known as ripple, also rose, with prices nearing a key resistance level. Cardano (ADA) Cardano (ADA) was in the green on Friday, as prices surged for a second straight session. ADA/USD raced to a high of $0.2623 in today’s session, which comes less than a day after the token was trading…

FTX Token Jumps 65% As SBF Returns Home, Can FTT Hold The Gains?

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FTX Token (FTT) saw massive gains on Thursday as news of former CEO Sam Bankman-Fried making bail spread across the space. The rapid uptick in the price of the token showed the positivity, albeit brief, that had spread across investors in the token. However, as the dust settles on the disgraced founder, the question now becomes whether the digital asset can hold the gains from yesterday. FTT Jumps 65%  On Thursday, Bankman-Fried’s parents had put their home up to raise money for the $250 million bond put on the former…

Crypto exchange OKX releases second proof of reserves

Crypto exchange OKX has released its second proof of reserves (PoR) on its website, only a month after releasing its first one. Haider Rafique, chief marketing officer at OKX, said on Twitter that the crypto exchange is committed to sharing its reserves status every month. NEW #OKX #proofofreserves published TODAY. This is our 2nd PoR published and we commit to publishing monthly ✅ A quick overview of our PoR and new features…. — Haider (@Haider) December 23, 2022 The announcement also included the rollout of a new feature that allows…

Bankman-Fried’s $250M Bail Bond Isn’t What It Appears

There is a second way to acquire a bail bond. A defendant, or someone on their behalf, may pledge collateral in the full amount of the bond. Then, if the defendant fails to appear in court, the pledged collateral is forfeit to the court. So, in Bankman-Fried’s case, that would mean he would need a benefactor to step up and pledge property worth $250 million to get the bond. But that did not happen either. Source

The End of Crypto Twitter as We Know It?

Now, I’m not especially worried that if Crypto Twitter shrinks to the point where it ceases to be a useful, open, multi-viewpoint forum, the crypto community will lose its capacity to properly debate and develop ideas. The era of Web3 may shift us out of centralized social media altogether and into wallet-based, on-chain networks of conversation that, while siloed for specific projects, create links of interoperable exchange across communities in which ideas can intersect, clash and synthesize into new concepts. Source