Day: February 28, 2023

Digital Pound Opens Lucrative Opportunities for Businesses

Despite the widespread consultations on the subject, the project is not yet ready. Soon after revealing plans to explore the use of a central bank digital currency (CBDC) and issue a digital pound, the Bank of England (BoE) and the UK Treasury officials say that having UK central bank digital currency could provide lucrative opportunities for businesses in the region. According to Ben Broadbent, deputy governor for monetary policy at the Bank of England, the advantages of a digital pound are numerous. In particular, the digital pound would provide a faster alternative to online…

ICO publishes SME Data Essentials pilot evaluation report

The ICO is here to help SMEs unlock the value of the personal information they hold, responsibly. Getting good data practices in from the start will save organisations time and money and boost customer confidence. We have recently completed a pilot programme with up to 60 SMEs from across the UK, in which they have been trialling an e-learning and self-assessment programme. Named SME Data Essentials, it is aimed at empowering organisations to become better equipped to manage their own data compliance. Today we have published the pilot’s evaluation report…

Blockchain Founders Fund Announces Fund II Final Close at $75M

The Fund currently supports more than 100 startups with its investments. Blockchain Founders Fund (BFF), a Singapore-based venture capital fund that invests in top-tier blockchain startups worldwide, recently generated $75 million in its recently-closed Fund II. The VC fund announced the final close of its Fund II on February 27, following the principal close in early 2022. Blockchain Founders Fund Closes Fund II According to the press release on the Fund II conclusion by Blockchain Founders Fund, key investors, family offices, and institutions contributed to the funding. They include Ripple, Appworks, Octava,…

Crypto industry lobbying expenses rose by 120% in 2022 in the US

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Crypto industry has been raising its lobbying efforts amid the crypto winter that began last year. In 2022, the market participants spent $25.57 million on lobbying in the United States.  This number appears in a study, published by the Money Mongers on Feb. 23. The count is based on data from OpenSecrets, a nonpartisan nonprofit, tracking the lobbying expenses (which should be publicly accessible by law) in the U.S. According to this data, the general rise of the industry’s lobbying budgets made up 922% in five years between 2017 and…

AMAZING $2000 Ethereum Merge Pump

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io ethereum #cryptowendyo #crypto 00:00 Hey my ETH babes!!!! xx 02:05 The entire #cryptocurrency market (CryptoBubbles) 02:45 … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Crypto Traders Worried About Continued Liquidity Thinning in Bitcoin and Ether

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Data from Paris-based crypto data provider Kaiko show bitcoin’s 2% market depth for USDT pairs aggregated from 15 centralized exchanges has slipped to 6,800 BTC, the lowest since May 2022, surpassing the post-FTX low. That’s significantly down from the October highs above 15,000 BTC. Ether’s 2% market depth has more than halved to 57,000 ETH since October, led by Binance. Original

Crypto Giant Digital Currency Group Books Loss of $1.1B in 2022

The crypto winter of 2022 has put severe stress on the balance sheet of DCG. The company is working on major restructuring with the blowup of its crypto lending subsidiary Genesis. On Monday, February 27, crypto conglomerate Digital Currency Group (DCG) announced its results for the last year of 2022. The company reported a net loss of $1.1 billion amid heavy correction in the crypto space and the restructuring of its lending platform Genesis. During the fourth quarter, DCG reported revenue of $143 million with a loss of $24 million.…

BAYC Creator Yuga Labs to Launch Its First Bitcoin NFT Project This Week

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The collection may be one of the highest-profile launches on Ordinals to date. The company behind the world’s most dominant non-fungible token (NFT) collection Bored Ape Yacht Club, Yuga Labs, has revealed plans to launch its first-ever Bitcoin-based NFT project later this week. The company announced on Monday as it looks to jump on the Bitcoin NFT wave. According to the announcement, Yuga Labs said it will release an NFT collection named “TwelveFold”. Yuga Labs Shares Details of New NFT Collection Based on Bitcoin The collection, which is minted on…

Bitcoin exchanges now own 16% less BTC than the oldest hodlers

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Bitcoin (BTC) exchanges have less BTC to buy than at any time since early 2018, the latest data shows. On-chain analytics firm Glassnode confirms that as of February 2023, exchange reserves are at five-year lows. “Wild stat” shows Bitcoin supply maturation The latest statistics to reflect the determination of Bitcoin hodlers, major exchanges’ BTC balances are in “down only” mode. As of Feb. 27, the latest date for which data is available, the platforms tracked by Glassnode held a combined 2,272,798 BTC. It was in March 2018 that the number…