Day: February 13, 2023

Led by Bitcoin, blockchain industry starts 2023 off strong: Report

2023 is off to a great start, with Bitcoin (BTC) rocketing up 40% in January. The good news is not relegated to just Bitcoin, however, as this price increase has sent ripple effects across the cryptoverse. Mining revenue jumped $22.66 million in January, and crypto-related stocks doubled on average. Despite this good news, venture capital investments are down 23% from the previous month.  Download and purchase this report on the Cointelegraph Research Terminal. For a more detailed look into the various sectors of the crypto space, including venture capital, derivatives,…

After FTX, Crypto Tokenization Can Rebuild the American Dream

Within Democratic ranks, there was always a sense of palpable frustration and gallows humor, that our political capital, as former President George W. Bush once called it, was spent putting out fires we did not create. By the time the work was done, Democrats – in our view – had saved the American economy from a conflagration but failed to enact the kind of structural change in the economy that would fundamentally alter the circumstances of everyday Americans. Source

Cointelegraph Markets launches new YouTube channel

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Cointelegraph is proud to announce the launch of the Cointelegraph Markets and Research YouTube channel, a place that will hopefully become every trader’s first stop for breaking markets news, insights and alpha from Cointelegraph’s team of experts and guest analysts from the crypto industry.  The Cointelegraph Markets and Research channel features three unique shows — The Market Report, Market Talks and Macro Markets — which stream live weekly at 12:00 pm Eastern Time (5:00 pm UTC) on Tuesdays, Thursdays and Fridays, respectively. The Market Report  Every Tuesday at 12:00 pm…

MATIC Drops by 10%, ATOM Hits 2-Week Low – Market Updates Bitcoin News

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Polygon fell by over 10% on Feb. 13, as a red wave swept through cryptocurrency markets during Monday’s session. Volatility was high ahead of Tuesday’s U.S. consumer price index release, and with the depegging of BUSD. Cosmos also traded lower to start the week, hitting a 14-day low. Polygon (MATIC) Polygon (MATIC) dropped by as much as 10% to start the week, as the global cryptocurrency market cap plunged on Monday. Following a high of $1.29 on Sunday, MATIC/USD slipped to an intraday low of $1.16 earlier today. Today’s move…

Paxos ordered to Halt U.S. Dollar-Pegged Binance Stablecoin BUSDT- Has the SEC War on Crypto Begun? – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  Bitcoin is currently testing $21,500, a key support level, whilst US regulators hone in on crypto firms. The SEC is suing Paxos, the issuer of BUSD, and has labelled BUSD as an “unregistered security”. Paxos has been ordered by the New York Department of Financial Services (who regulate Paxos) to stop issuing BUSD. Binance CEO, CZ, has announced that they will continue to support Binance USD, but they “foresee users migrating to other stablecoins over time,” and they will…

DeFi vs. Web3: Key differences explained

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Web3 uses blockchain technology to create a more equitable internet. The original vision of the internet was that it would be decentralized and accessible to everyone, but unfortunately, this vision has been lost, as the web has become increasingly centralized. DeFi is essentially Web3’s version of a more transparent financial system. Permissionless The term “permissionless” is used because there are no restrictions on who can participate in these networks. Those who participate can do so without any limits or barriers. The difference between DeFi and Web3 lies in their implementation…

Proposed EU parliament rule could have banks apply 1,250% risk weight to crypto exposure

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The European Parliament has released a report on a draft bill proposing that banks holding cryptocurrencies set aside a large amount of capital in an effort to address potential risk. In a Feb. 9 notice, EU lawmakers said any framework applied to crypto assets should “adequately mitigate the risks of these instruments for the institutions’ financial stability,” proposing banks apply a 1250% risk weight on their exposure to digital assets — one of the highest risk ratings for investments. The proposed law suggested that such requirements go into effect until…

Brazilians Will Be Able to Pay Taxes With Crypto – News Bitcoin News

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Brazilians will now be able to pay part of their state taxes using cryptocurrencies. Banco do Brazil, a mixed ownership bank, is launching the option of paying a set of taxes with crypto, using Bitfy, a Brazilian cryptocurrency startup, as a payment processor, exchanging the cryptocurrencies paid for Brazilian reals on the fly. Brazilians Will Have the Opportunity of Paying Taxes With Crypto Using Banco Do Brazil Cryptocurrencies are making inroads when it comes to their usability in Brazil. Banco do Brazil, one of the oldest banks in Brazil, and…