Tag: News

Privacy Coins Take a Beating This Year Losing Over $6 Billion, Anonymity Takes a Back Seat to Defi, NFTs – Altcoins Bitcoin News

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The last 12 months have been tough on digital currency investors as the crypto winter has caused a large sum of value to leave the once-bustling economy. The privacy coin economy, for instance, shed more than 55% against the U.S. dollar as it dropped from $11.7 billion in Jan. 2022 to the current $5.22 billion. Privacy Economy Loses 55% Against the Greenback, European Union Looks to Ban Anonymizing Cryptos Privacy coins are not talked about like they used to be. These days, the hype and discussions surrounding decentralized finance (defi)…

SOL Hits 1-Month Low on Saturday, as UNI Extends Recent Declines – Market Updates Bitcoin News

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Solana fell to a one-month low to start the weekend, as cryptocurrency markets moved lower ahead of Christmas Day. Today’s drop saw the token fall for a fourth straight session, as market sentiment shifted bearish. Uniswap was also in the red on Saturday, with price falling for a second consecutive day. Solana (SOL) Solana (SOL) was in the red on Saturday, as prices moved lower for a fourth straight session. SOL/USD slipped to a low of $11.24 in today’s session, which comes less than a day after the token was…

BTC Nears $17,000 Ahead of Christmas Day – Market Updates Bitcoin News

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Bitcoin rose closer to the $17,000 level on Saturday, despite crypto markets mostly consolidating to start the week. The global cryptocurrency market cap is down 0.32% as of writing. Ethereum was also higher earlier in the day, with prices nearing the $1,230 level. Bitcoin Bitcoin (BTC) remained under the $17,000 level to start the weekend, as prices continued to consolidate despite earlier gains. BTC/USD hit a high of $16,905.22 earlier in today’s session, which comes a day after price was at a bottom, at the $16,793.53 mark. The move saw…

Locker Token and Euro Ice Hockey Champs Rögle BK To Host In-Person NFT Event – Press release Bitcoin News

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press release PRESS RELEASE. Locker Token & Ice Hockey extraordinaires Rögle BK have officially announced an In-Real-Life (IRL) NFT, event set to take place at the Catena Arena – the home of the European champions. The event is designed to showcase the innovative asset class that is NFTs, while also educating Rögle fans on how to utilize the blockchain and purchase their favourite player trading cards. The event, due to take place on December 30th, will feature educational content, a free mint for the first 500 fans, and in-person interaction…

ECB to Decide Whether to Issue Digital Euro in 2023 – Finance Bitcoin News

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The European Central Bank (ECB) has published a new report on the progress of its investigation into the possible launch of a digital euro. The research will continue next year with the regulator planning to make a decision whether to proceed to the realization of the project in the fall of 2023. ECB to Develop Rules for Digital Euro Distribution Through Intermediaries The eurozone’s central bank has released a second report on the advance of the investigation phase of its project to issue a digital version of the common European…

Russian Parliament Postpones Adoption of Crypto Mining Bill – Mining Bitcoin News

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Russian lawmakers will consider a draft law on cryptocurrency mining in 2023 despite earlier indications they were going to vote on the proposal in December. The bill is expected to set the rules for the extraction and sale of cryptocurrency in Russia amid sanctions limiting the country’s access to global finances and markets. Russia’s New Crypto Mining Legislation Is Yet to Be Fully Approved Members of the State Duma will review and vote on the draft law designed to legalize cryptocurrency mining in the Russian Federation in 2023, the head…

Samsung Is Investing More Than $35 Million in Latam-Focused Metaverse Initiatives – Metaverse Bitcoin News

Samsung, the Korean electronics behemoth, has revealed it is currently investing more than $35 million dollars in metaverse initiatives for the Latam audience. The objective behind this move is to help the brand attract and connect with younger audiences, as part of its digital push and growth marketing strategy. Samsung’s Metaverse Push in Latam Many companies have started to put their products and their brands in the metaverse, considering it an important part of their marketing strategy. Samsung, one of the biggest electronics companies in the world, has recently revealed…

Bank of England’s Cunliffe Pushes for Crypto Regulation — Sees ‘Real’ Benefits for UK – Regulation Bitcoin News

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Bank of England Deputy Governor Sir Jon Cunliffe has revealed that the British central bank is planning to step up its efforts to regulate cryptocurrency trading with new laws. “We should think about regulation before it becomes integrated with the financial system and before we could have a potential systemic problem,” he stressed. Sir Jon Cunliffe on Crypto Regulation Sir Jon Cunliffe, Bank of England (BOE)’s deputy governor for financial stability, talked about cryptocurrency in an interview with Sky News Thursday. He explained that the British central bank plans to…

Recent Fed Rate Hikes Might Go Down in History as Most Damaging Ever – Economics Bitcoin News

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Tesla CEO and Twitter chief Elon Musk says the Federal Reserve’s recent rate hikes “might go down in history as most damaging ever.” The billionaire has urged the Fed to cut interest rates immediately, emphasizing that the U.S. central bank is “massively amplifying the probability of a severe recession.” Elon Musk on Fed Rate Hikes Tesla, Spacex, and Twitter boss Elon Musk warned Thursday about the damaging impact of the Federal Reserve rapidly raising interest rates. His warning was in reply to a tweet by former investment manager Genevieve Roch-Decter…

SEC Will Use All Available Tools to Crack Down on Crypto Firms That Aren’t in Compliance With Its Rules, Says Chair Gensler – Regulation Bitcoin News

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The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has revealed that the regulator will use all available tools to bring crypto platforms into compliance with its rules. In addition, the SEC chief said: “Proof of reserves is neither a full accounting of the assets and liability of a company, nor does it satisfy segregation of customer funds under the securities laws.” SEC Chair Gensler on Crypto Regulation SEC Chairman Gary Gensler stressed the importance of bringing crypto platforms into compliance after the securities regulator filed charges…