Day: February 22, 2023

BIS head claims fiat won battle with crypto, Bitcoin community disagrees

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The Bank for International Settlements (BIS) has long taken a cautious approach to Bitcoin (BTC) and cryptocurrencies. However, there is no need for caution anymore as the “battle has been won” between fiat and crypto, according to BIS. BIS general manager Agustín Carstens, who made the claim, highlighted that “technology doesn’t make for trusted money,” among further criticisms of crypto in an interview with Bloomberg. Crypto has lost the argument that it’s an alternative to fiat currency, the head of the Bank for International Settlements says https://t.co/xZKFHEj3b2 — Bloomberg Crypto…

BTC Falls Below $24,000 Ahead of FOMC Minutes  – Market Updates Bitcoin News

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Bitcoin extended recent declines on Feb. 22, as markets prepared for the release of the latest Federal Open Market Committee (FOMC) minutes. Following a recent move to a multi-month high, prices have slipped, with traders instead protecting profits. Ethereum has also declined, however remains above the $1,600 mark. Bitcoin Bitcoin (BTC) extended recent declines on Wednesday, as markets began to anticipate the upcoming FOMC minutes report. Today’s report will shed light on the Federal Reserve’s current view of the U.S. economy, in light of last month’s 25-basis-point hike. As a…

Coinbase Confirms Cybersecurity Attack Targeted at Employees

Coinbase said its Computer Security Incident Response Team (CSIRT) quickly stepped into the situation. Crypto company Coinbase (NASDAQ: COIN) confirmed a cybersecurity attack targeted at its employees. The company said it was briefly compromised by the so-called “0ktapus” hackers who struck many organizations in 2022. Some of the hackers’ victims are Twilio (NYSE: TWLO), IT service management company Cloudflare (NYSE: NET), and online food ordering company (DoorDash). Twilio revealed that the hackers gained access to customer data after deceiving employees into providing their corporate log-in details. DoorDash also linked its…

Titanic artifacts to be tokenized as NFT with new partnership

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Artifacts recovered from the wreckage of the Titanic are set to be tokenized using blockchain technology through a partnership driven by the company that acts as the steward of the sunken vessel. A three-way partnership involving RMS Titanic Inc. (RMST), Hong Kong-based Venture Smart Financial Holdings and Web3 firm Artifact Labs will begin tokenizing precious artifacts from the Titanic to unlock a myriad of Web3 functionalities. Select artifacts from the sunken Titanic will be preserved as nonfungible tokens (NFTs), which is aimed to open up shared ownership to the wider…

Under-the-Radar Altcoin Jumps 34% After Surprise Listing From Crypto Exchange Binance

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A surprise listing from Binance has triggered a big rally for a crypto project focused on helping funds flow from one blockchain to another. The exchange has added Synapse (SYN) to its Innovation Zone, which is a dedicated trading space for crypto assets that could be prone to increased volatility. Immediately after the listing, SYN surged from a 24-hour low of $1.25 to a high of $1.68 – an increase of 34%. Following the initial burst, SYN has retraced to $1.61 at time of publishing. Synapse is a decentralized bridge…

Peugeot, Jeep Manufacturer Stellantis Reports Record Full-Year 2022 Earnings, Announces Massive Shareholder Payout

Automotive corporation Stellantis targets global BEV sales of 5 million by 2030 following its commendable full-year results.  Stellantis recently posted its full-year 2022 earnings results, which showed a 26% rise in net profit to a record 16.8 billion euros, or $17.9 billion. The multinational automotive manufacturing corporation also experienced a 41% annual jump in electric vehicles and global battery sales. Following its commendable full-year outing, Stellantis announced a massive 4.2 billion euros ($4.47 billion) dividend payout to shareholders. This payout scheme is still subject to shareholder approval and represents 1.34 euros…

Paraguay to Become Top Bitcoin Mining Hub in Latam According to Insight Group – Mining Bitcoin News

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Paraguay, one of the smallest countries in Latam, has the conditions needed to become the next Bitcoin mining hub in the region, according to mining insight group Hashrate Index. The company notes there are many elements in favor of Paraguay, including the abundance of clean hydroelectric power sources. However, the stance that the government has taken toward cryptocurrency mining could slow this growth process. Paraguay Has All the Elements to Become a Bitcoin Mining Power in Latam, According to Insight Group Paraguay, a country not especially known for its crypto…