Month: April 2023

Recent Bitcoin Weakness doesn’t Deter Blockchain Investment – Blockchain News, Opinion, TV and Jobs

By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  Bitcoin has dropped to $28,000 and sits currently on a key support level. From a technical analysis perspective this is a pivotal moment for Bitcoin – if $28,000 fails to hold on the daily time frame, this would signal a deviation back into the range which it just broke out of (a 10-month consolidation). $28,000 is also the Summer 2021 low, further providing confluence to its significance. The recent drop in Bitcoin’s price is partly due to the UK’s…

Putin and Saudi Crown Prince Discuss Potential BRICS-Saudi Arabia Collaboration – Economics Bitcoin News

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Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman Al Saud discussed potential collaboration between Saudi Arabia and the BRICS on Friday. In addition, Putin and the Saudi Crown Prince “expressed satisfaction with the level of coordination at OPEC Plus aimed at ensuring the global oil market stability,” the Kremlin press service details. Putin and Saudi Crown Prince Discuss Key Bilateral Issues, Including BRICS Collaboration Russian President Vladimir Putin and Crown Prince and Prime Minister Mohammed bin Salman Al Saud of Saudi Arabia discussed several important bilateral issues…

Wallet Bot on Telegram Adds Bitcoin Support to Web Interface Following Tether Integration  – Bitcoin News

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Telegram users can now buy, sell, and send bitcoin, as the leading cryptocurrency has been integrated into the Wallet bot on the popular messaging application. The bitcoin support follows the wallet’s recent tether integration, which enables users to transact with the stablecoin as well. Over a Billion Telegram Users Can Now Transfer Bitcoin in Chats On Friday, April 21, the @wallet bot on Telegram announced the addition of bitcoin (BTC) support to its web interface. The development team explained that previously, the leading cryptocurrency by market capitalization was only accessible…

Gemini to Open a Crypto Derivatives Platform Outside the U.S.

The announcement coincides with increased scrutiny by U.S. regulators and lawmakers about the role of cryptocurrencies in the world’s biggest economy – a campaign that’s affected Gemini. In January, the company and Genesis (which, like CoinDesk, is owned by Digital Currency Group) were accused by the Securities and Exchange Commission of selling unregistered securities. Source

Bitcoin’s dramatic plunge from $31k

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin’s dramatic fall from its high of $31,000 has left the market reeling, with experts analyzing the factors that contributed to this sudden downturn and questioning the cryptocurrency’s future as a viable investment. After a seemingly unstoppable surge, bitcoin’s meteoric rise to $31,000 appears to have reached its peak, as the leading cryptocurrency has seen a significant decline in value currently sitting at $27,300. Market sentiment has shifted, and experts are trying to make sense of…

Toy Manufacturer Mattel to Launch P2P Marketplace for Virtual Collectibles on NFT Platform – Blockchain Bitcoin News

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On April 20, the American toy manufacturing company Mattel announced an update to its virtual collectibles platform, which will go live on April 27. The peer-to-peer platform, called Mattel Creations Virtual Collectibles, will coincide with the Hot Wheels NFT Garage Series 5, featuring some of Hot Wheels’ most popular car designs. Mattel Creations Virtual Collectibles Platform to Launch Peer-to-Peer Market Feature The toy manufacturer Mattel, Inc. (Nasdaq: MAT) is continuing to expand into the non-fungible token (NFT) realm with the latest update to its Mattel Creations Virtual Collectibles platform. The…

Keep personal info of FTX users private

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Jeremy Sheridan, former assistant director of the United States Secret Service Office of Investigations, has warned that certain FTX customers could become targets if their personal information were to be made public. In an April 20 declaration filed with the U.S. Bankruptcy Court for the District of Delaware, Sheridan supported a motion from the debtors which would withhold “certain confidential information” of FTX users. According to Sheridan, currently a managing director for FTI Consulting, releasing the names of customers associated with the failed crypto exchange imposes “a severe and unusual…

Ethereum is going to transform investing

Ethereum is often depicted as traditional finance’s adversary in a Manichean struggle for decentralization. In reality, there isn’t any conflict at all. Rather than subverting the traditional financial sector, Ethereum is improving it. Soon, the two systems will be inextricably entwined.  Ethereum’s core value propositions — self-custody, transparency and disintermediation — are enormously relevant to financial institutions, and they can be realized within existing regulatory frameworks. Ethereum has already taken the first steps toward institutional adoption, and with its unmatched network decentralization, it is all but destined to become the…

Innovate some compliance mechanisms, US Treasury official tells DeFi community

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The United States Treasury did a risk assessment of decentralized finance (DeFi) and found the sector lacking in several ways, Assistant Treasury Secretary for Terrorist Financing and Financial Crime Elizabeth Rosenberg reminded an audience at the Atlantic Council think tank on April 21. Get ready for more regulation, she said. Rosenberg was referring to a report released earlier in April by the Treasury that found scammers, money launderers and North Korean hackers benefitting from the lack of Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) compliance in the sector.…