Month: January 2023

UK Treasury Looking for CBDC Head to Develop Digital Pound

The expert will work on delivering the strategic goals of the UK Treasury within its CBDC ambitions, lead the expanding CBDC team, analyze CBDC policy issues, as well as represent and advance the Treasury’s interests in international engagement on CBDC.  The UK Treasury has opened a vacancy for a Head of Central Bank Digital Currency (CBDC) to explore the use of the digital pound. The job description on LinkedIn reads: “The successful candidate will be responsible for leadership of HM Treasury’s work on a potential digital pound – a UK central bank digital currency…

Porsche Backpedals Its NFT Minting Plan as Floor Price Collapses

After a strong community backlash over very high minting prices and lack of communication, Porsche decided to backpedal its NFT plans. On Tuesday, January 24, luxury automobile maker Porsche announced that it would be ending its NFT minting program. Based on the classic Porsche 911, the German automobile maker introduced the 7,500-piece NFT collection back in November 2022, created by 3D artist Patrick Vogel. However, the NFT minting program from Porsche ends within just two days of launch earlier this week on Monday. As minting opened up this Monday, each…

Number Of New Ethereum Validators Remains Flat Ahead Of Shanghai Upgrade

There is no marked shift in the number of new addresses depositing the required 32 ETH, the minimum amount required to be deposited into the Beacon Chain for holders who wish to operate a validator node, into the official Beacon Chain Deposit Address ahead of the Shanghai Upgrade on Ethereum. The Shanghai Upgrade is scheduled for March 2023 and this hard fork will allow stakers to unlock ETH locked in the Beacon Chain. Number of New ETH Depositors Falling Apart from the spike in new deposits in the second quarter…

Avalanche Crumbles 10% – Was The AVAX Rally A Bull Trap? 

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Avalanche has been going up the chart ladder since the start of the year, following the broader crypto market rally as major cryptocurrencies break through crucial resistances. But right now, its native token AVAX seems to have found itself a new ceiling.  According to Coingecko, AVAX is down 10% in the daily time frame, landing it a spot as one of the bigger losers as of today, January 25th. This has led to speculation that Avalanche’s most recent rally that was triggered by partnerships with Amazon Web Services and with…

Australia ranks 3rd in crypto ATM installations after US and Canada

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Despite the bear market and the record-low dynamics of new Bitcoin ATM installations around the world, Australia breaks into the top three nations globally by the number of crypto ATMs. It was only in the first days of January when the Aussies got to the fourth spot — since that time they installed 16 more machines.  According to Coinatmradar’s data, Australia now enjoys 234 crypto ATMs, which puts her in the third spot globally after the United States and Canada. In three weeks it outperformed Spain, which possesses 222 crypto…

New South African Code Says Crypto Asset Ads Must Include Capital Loss Warning – Africa Bitcoin News

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Crypto asset service providers in South Africa seeking to attract investors via advertisements must “expressly and clearly state that investing in crypto assets may result in the loss of capital.” Influencers working on behalf of crypto asset service providers must “not offer advice on trading or investing in crypto assets and may not promise benefits or returns.” New Code the Result of Collaborative Effort Between ARB and Crypto Entities According to the latest code of practice released by South Africa’s Advertising Regulatory Board (ARB), crypto-related advertisements must clearly warn the…

Binance Processes $346M Worth of Bitcoin for Shuttered Crypto Exchange Bitzlato

In its investigation, FinCEN found that Binance was among the top three counterparties having links to Bitzlato. Last week, the US Justice Department shuttered crypto exchange Bitzlato over allegations of money laundering and arrested its founder in Miami. However, the latest report by Reuters suggests that crypto giant Binance had reportedly processed $346 million worth of Bitcoin for Bitzlato. Binance and Bitzlato On January 18, the Justice Department charged Bitzlato founder Anatoly Legkodymov for operating an unlicensed money exchange fueling “a high-tech axis of crypto crime” and processing $700 million…