Gemini reportedly claimed repeatedly that its the assets of customers using its Earn product were safe thanks to being backed by the FDIC Source
Crypto Exchange Gemini Emphasized FDIC Insurance in Communications With Earn Customers: Report
Month: January 2023
Recruiting Agencies in Japan Are Turning to the Metaverse – Metaverse Bitcoin News
The metaverse is making inroads in job recruiting fronts in Japan. According to local reports, a mega metaverse job fair was organized on Jan. 27, with more than 2,000 students taking part in the experience. The students used avatars to communicate and review the job previews available in different booths controlled by several companies. Japan Embraces the Metaverse for Recruiting Metaverse tech is starting to change the landscape of job hunting and recruiting in Japan. More than 2,000 students attended a metaverse job fair, that allowed them to use digital…
Premier League Inks Deal With Digital Trading Card Platform Sorare
Last October, Sky News said that the Premier League planned to hold talks with its 20 clubs to discuss a multiyear deal with Sorare. Sources told the outlet that the league had previously been on the verge of signing an agreement with blockchain software company ConsenSys. Source
Binance blocks some accounts amid Bitzlato case: ‘Funds are safe’
Cryptocurrency exchange Binance has been silently shutting down multiple accounts on the platform in relation to the Bitzlato investigation, according to several users. On Jan. 18, a group of Russian-speaking Binance clients complained about blocked accounts and not being able to withdraw their funds from the exchange. The affected users created a Telegram group chat to report about the issues, stating that the accounts were blocked without a warning. The members of the group — now counting more than 1,000 members — promptly drew parallels between the blockages and enforcement…
Philippines Securities Regulator Seeks Comment on Draft Crypto Rules
“It is the policy of the State to ensure that appropriate mechanisms are in place to protect the interest of consumers of financial products and services under the conditions of transparency, fair and sound market conduct, and fair, reasonable, and effective handling of financial consumer disputes, which are aligned with global best practices,” the draft says. Source
FTX Seeks to Remove Turkish Units From Bankruptcy Case
The U.S. estate of the bankrupt crypto exchange doesn’t reckon the Turkish authorities are going to cooperate, after their seized local assets in November Source
Bitcoin Mining Revenue Increases as BTC Price Soars
With its high energy consumption remaining a challenge, the growth of crypto mining may stall unless miners embrace more sustainable energy sources. Following a minor bull run over the weekend, bitcoin mining revenue has increased by up to 50% in the first month of 2023. Rising energy costs, geopolitical tension, and a prolonged crypto winter made 2022 a hard year for the bitcoin mining community. By December, the Bitcoin mining revenue had dropped to just $13.6 million. After struggling for survival for months, many mining companies were forced to cease…
Deflationary Ether Is Underperforming Bitcoin, Here are 3 Reasons Why
“The 1 million instantly withdrawable Ether is more of a concern. This amounts to around 1% of free-floating Ether, in other words, not staked Ether. In a matter of minutes, the whole stack gets withdrawable, potentially causing holders to rush to exchanges to liquidate the Ether as soon as the floodgates are open, pushing down the price,” Saxo Bank said in a blog post. Original
Bitcoin (BTC) Eyes $24,000 Mark, Sends 2019 Buyer Group into Profits
Market participants remain in high spirits as BTC inches closer to a key technical price level. Flagship cryptocurrency Bitcoin (BTC) appears to be having a promising year so far in 2023. This follows after it consolidated its recent gains over the past weekend. According to CoinMarketCap data, BTC surged to $23,919 – its highest price so far in 2023, in the early hours of Monday. Although it has since retraced and now stands at $23,368 per coin as of publication. Nonetheless, the BTC price is still up 0.60% in the…
Bitcoin adoption of Guatemalan merchants grows one BTC tattoo at a time
Bitcoin (BTC) use in Guatemala is on the up. The Latin American country that borders El Salvador boasts Guatemalan-grown Bitcoin companies such as Ibex and Osmo, several Bitcoin Beach-inspired projects including Bitcoin Lake, and now, free BTC tattoos. A Bitcoin merchant adoption competition hosted by Osmo Wallet in 2022, a Guatemala-based Bitcoin company, led to the free ink promotion. Cointelegraph spoke to Piero Coen, the co-founder of Osmo Wallet, and Steven Marroquin, the owner of Soul’s Anchor, a tattoo parlor in Guatemala City. Free tattoo ideas from Soul’s Anchor. Source:…