CZ said Binance will continue working with other stablecoin issuers, and noted he’s skeptical about claims Circle raised alarm bells with regulators. Source
Binance CEO Distances Himself From BUSD Stablecoin as Regulators Act
Day: February 14, 2023
Bitcoin price returns to $22K despite ‘least volatile’ US CPI reaction
Bitcoin (BTC) ticked above $22,000 after the Feb. 14 Wall Street open as crucial United States inflation data delivered “mixed” results. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price hits 5-day highs on CPI Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it tested multi-week lows twice on hourly timeframes before reversing upward. The pair saw flash volatility in line with predictions as January’s Consumer Price Index (CPI) numbers hit, something repeated at the start of trading on Wall Street. Still within a tight trading range, however,…
What is NFT ticketing and how does it work?
NFT ticketing is revolutionizing event ticketing by providing a secure, transparent and efficient way of issuing and managing tickets. Nonfungible tokens (NFTs) are significantly harder to forge or duplicate than conventional tickets since they are stored on a blockchain. This lowers the risk of fraud and fake tickets by allowing event organizers to determine that only authentic tickets are used to enter an event. NFT ticketing also enables greater customization and adaptability in terms of ticketing. For instance, event planners may issue NFTs for various event sections, such as VIP…
Cointelegraph’s Top 100 reaches halfway point, with profiles 51–60 revealed
The latest installment of Cointelegraph’s Top 100 is live, with positions 51–60 now revealed to the public. Each year, Cointelegraph crafts a list of the top 100 figures in the crypto industry, with its staff casting votes on which to include. Each member of the Top 100 gets their own profile explaining why they were included. The first 10 entries, profiles 90–100, were unveiled on Feb. 8. An additional 10 profiles have been released each weekday since, leading up to the forthcoming unveiling of the top spot. DISCOVER COINTELEGRAPH’S TOP…
3 technical analysis strategies that help confirm winning trades
Cryptocurrency trading has evolved from the perception of simply being a game of chance to a strategic process. Successful traders rely on a combination of technical analysis, specific indicators and metrics to find trades with a high probability of profit. Before explaining the three technical analysis strategies that can help confirm a winning trade, let’s first define the key terms: Technical analysis — is all about analyzing statistical trends, so as long as an asset has historical data, technical analysis can be applied. Technical analysis involves looking at the past…
Cathie Wood’s Ark Invest bags nearly $16M Coinbase stocks in February
Cathie Wood’s investment management firm Ark Invest continues stacking Coinbase (COIN) stock amid the latest cryptocurrency market decline. On Feb. 10 and Feb. 13, Ark made its first COIN purchases since mid-January, adding significant exposure to the United States’ largest crypto exchange. Last Friday, Ark bought 139,105 COIN shares for the ARK Innovation exchange-traded fund (ARKK), according to an investor notification seen by Cointelegraph. On the same day, the asset manager also purchased 23,220 COIN shares for allocation by another fund, ARK Next Generation Internet ETF (ARKW). The asset manager…
Bitcoin’s UTXOs Are Close to All-Time High. Here’s Why it Matters
The Bitcoin network is getting more active with increasing block sizes, transactions, and overall UTXO counts. Original
Stablecoin Market Sees Supply Increase for Tether as Competitors Decline in Light of Recent Regulatory Developments – Altcoins Bitcoin News
While the stablecoin market has seen significant redemptions in the past three months, the supply of tether, the largest stablecoin by market capitalization, has increased by 2.46 billion since mid-November 2022. Tether is the only one of the top five stablecoins by market valuation that has seen a supply increase in the past three months. Tether Supply Rises While Competitor Stablecoins See Declines Much has changed in the past three months following the collapse of FTX and its aftermath. The stablecoin economy has experienced significant redemptions, and 30-day statistics from…
The ethics of the metaverse: Privacy, ownership and control
The metaverse, a virtual environment that simulates reality, offers complex moral dilemmas regarding privacy, ownership and control. These consist of: Privacy: Who has access to and how is personal information used within the metaverse? Ownership: Who owns the digital assets and real estate in the metaverse, and what rights do they have over it? Control: Who oversee activities in the metaverse, and what rules and regulations will be implemented to guarantee fair use and equal treatment for all participants? These are crucial issues to think about as the metaverse expands…
UK think tank launches a crusade against ‘surveillance’ CBDCs
The U.K. Tax Reform Council has launched a campaign against the Bank of England’s plan to introduce a central bank digital currency (CBDC). The non-profit organization warns that such a move could seriously harm individual privacy and lead to intrusive changes to the taxation system. The freshly formed Tax Reform Council includes monetary economist John Chown, cofounder of the Institute for Fiscal Studies, on its advisory board. The Tax Reform Council believes implementing a CBDC would lead to increased government surveillance, greater intrusion from tax authorities and a heightened risk…