Tag: News

Guggenheim CIO Scott Minerd Warns of a Crypto ‘Washout’ Similar to the Internet Bubble – Markets and Prices Bitcoin News

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Guggenheim Partners CIO Scott Minerd believes there is going to be a crypto washout similar to the internet bubble. “There’s another shoe to drop,” he warned. Nonetheless, the executive is confident that the crypto industry will move forward despite the collapse of crypto exchange FTX. Guggenheim’s Scott Minerd Shares Crypto Outlook Guggenheim Partners Global Chief Investment Officer (CIO) Scott Minerd shared in an interview with Bloomberg last week his thoughts on the future of cryptocurrency following the implosion of crypto exchange in FTX. He was asked if he has confidence…

Coinbase Secures Regulatory Approval to Operate as a Virtual Asset Service Provider in Ireland – Regulation Bitcoin News

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Coinbase has announced it has secured regulatory approval as a virtual asset service provider (VASP) in Ireland, according to a company blog post published on Dec. 21. According to the company, Coinbase has been approved by Ireland’s central bank which means the company can “provide products and services to individuals and institutions in Europe and internationally, from Ireland.” Coinbase Approved to Be a Regulated VASP by the Central Bank of Ireland On Dec. 21, 2022, Coinbase (Nasdaq: Coin) informed the public that it has been granted regulatory approval by the…

Bitcoin Retail Investors Now Hold 17% Of Total BTC Supply, But Is It Good News?

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Bitcoin retail investor numbers are on the rise. These smaller investors have less purchasing power but with so many new entrants into the market following the 2020-2021 bull market, their collective purchasing power has grown alongside the total amount they hold. Retail Investors Hold 17% Of Supply Over the last few years, bitcoin addresses holding less than 10 BTC on their balances have been picking up more BTC supply. Recent data from on-chain data aggregator Glassnode shows that these small investors now hold 17% of the total BTC supply. This…

Crypto Economy Loses $1.4T, Top 10 Token Knockouts, Terra’s Collapse – Featured Bitcoin News

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2022 is coming to an end and during the last 12 months, the crypto economy has lost roughly $1.486 trillion in value against the U.S. dollar. On Dec. 20, 2021, bitcoin was trading for $46,406 and it has lost more than 63% in value year-to-date, while the second leading crypto asset ethereum shed 69% against the greenback over the last year. 2022’s Top Ten Cryptos Shed Billions While a Few Played Musical Chairs Approximately 365 days ago on Dec. 20, 2021, the crypto economy was worth a lot more in…

$1.7M in Quadrigacx Bitcoins Move, Court Trustee EY Says Transfers Were ‘Unauthorized’ – Bitcoin News

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On Dec. 19, the Twitter account Zachxbt revealed he discovered five cold wallets from the now-defunct Quadrigacx crypto exchange move 104 bitcoin. The following day, ‘big four’ accountancy firm EY, Quadrigacx’s bankruptcy court trustee, explained it did not authorize the spending of the funds and that prior reports detailed that the cold wallets were inaccessible to EY. Cold Wallets Associated With Now-Defunct Quadrigacx Wake up After Years of Sitting Idle During the first week of Feb. 2019, the crypto exchange Quadrigacx told customers it was shutting down operations until it…

Swarm, Ethereum’s Storage Network, Announces Mainnet Storage Incentives and Web3PC Inception – Press release Bitcoin News

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press release PRESS RELEASE. Swarm, the decentralised storage and communication system built on Ethereum, is announcing the mainnet release of its storage incentives programme, a mechanism to reward storage providers, which now incorporates staking. Swarm has been in development for the past five years, having over $6 million in 2021 through a private funding round led by VCs such HashKey Capital, KR1, and NGC Ventures. Recently in September Swarm team published an updated network roadmap, and their native token BZZ reacted with a price increase up to 40%. The storage…

ETC Moves Away From Multi-Month Lows, as XMR Extends Recent Gains – Market Updates Bitcoin News

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Ethereum classic rallied for a second straight session on Wednesday, following better-than-expected U.S. consumer confidence data. The figures showed that confidence among American consumers rose to the highest level in eight months, with a reading of 108.3. Monero was also higher on the news, as it extended recent gains. Ethereum Classic (ETC) Ethereum classic (ETC) rose for a second straight day on Wednesday, as markets responded to better-than-expected U.S. consumer confidence data. Today’s figures, which were initially expected to come in at 101, came in higher than anticipated, with a…

Core Scientific Files for Bankruptcy Protection, Firm Plans to Continue Mining Bitcoin to Pay Down Debt – Mining Bitcoin News

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On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11 bankruptcy protection in the Southern District of Texas. According to the filing, Core Scientific has roughly 1,000 to 5,000 creditors and its estimated assets are worth between $1-10 billion. Core Scientific Voluntarily Files for Chapter 11 Bankruptcy Protection, Company’s Largest Unsecured Creditor Is the Financial Institution B. Riley Another crypto firm has filed for bankruptcy protection as the crypto winter has caused a myriad of businesses to shudder this year.…

BTC Briefly Above $17,000 Ahead of US Consumer Confidence Report – Market Updates Bitcoin News

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Bitcoin was briefly trading above $17,000 on Wednesday, as markets prepared for the release of the upcoming U.S. consumer confidence report. Today’s figure is expected to come in at a reading of 101.00 for December, which is higher than last month’s number of 100.2. Ethereum was also in the green, as it neared a key resistance level. Bitcoin Bitcoin (BTC) rose briefly above the $17,000 level on Wednesday, as markets began to anticipate the release of the upcoming U.S. consumer confidence report. Following a low of $16,763.66 on Tuesday, BTC/USD…

Spain Will Provide 8 Million Euros in Grants to Develop Video Game and Metaverse Experiences – Metaverse Bitcoin News

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The Ministry of Culture and Sports of Spain has decided to direct 8 million euros ($8.5 million) toward the development of video games and narrative metaverse experiences. The program, part of the Spanish “Recovery, Transformation, and Resilience Plan” will give grants directed to incubate projects in these areas in 2023. Spain Directs 8 Million Euros to Help the Metaverse and Video Game Ecosystem Video games and metaverse experiences are starting to be considered in the cultural plans of some key states around the world. The Ministry of Culture of Spain…