Tag: News

UNI Higher, DOGE in Red on Saturday – Market Updates Bitcoin News

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Uniswap was in the green to start the weekend, despite cryptocurrency markets mostly consolidating. The token rebounded from losses suffered on Friday, moving closer to a key resistance level in the process. Dogecoin, on the other hand, fell lower on Saturday as traders attempted to find a stable point of support. Uniswap (UNI) Uniswap (UNI) was one of Saturday’s notable movers, as prices rebounded from declines suffered the day prior. After sinking to a bottom of $6.10 on Friday, UNI/USD marginally rebounded, climbing to a high of $6.27 in the…

Bank of Russia Backs Crypto Mining Bill But Insists Minted Coins Should Be Exported – Mining Bitcoin News

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The monetary authority in Moscow has expressed support for the latest legislative attempt to legalize cryptocurrency mining. However, the regulator wants the extracted digital currency to be sold outside the country or only under special legal regimes in Russia, as an exception. Russia’s Central Bank Suggests Restrictions Be Added to Proposed Crypto Mining Law The Central Bank of the Russian Federation (CBR) “conceptually supports” the draft law seeking to legalize the crypto mining sector, but at the same time maintains that the digital currencies obtained in the process should be…

Chipper Cash Valuation Dropped to $1.25 Billion After it Secured Additional Funding From FTX – Featured Bitcoin News

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After Chipper Cash ended 2021 as one of Africa’s most valued fintechs, the FTX-backed startup’s valuation dropped from $2 billion to $1.25 billion after it reportedly received a $35 million simple agreement for future equity (SAFE) grant from the now-collapsed crypto exchange FTX. Chipper Cash has also reportedly laid off 50 employees as it seeks to cope with the deteriorated macroeconomic environment. FTX’s Simple Agreement for Future Equity Chipper Cash, one of the several African fintech startups to receive funding from FTX, saw its valuation drop from $2 billion to…

European Union to Put a 10,000-Euro Limit on Cash Payments; Transactions Over €1,000 in Crypto Will Be Scrutinized – Regulation Bitcoin News

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The states of the European Union have convened to establish a new limit on cash purchases and to strengthen the controls on cryptocurrency transactions. On Nov. 6 the bloc agreed to put a limit of €10,000 ($10,557) on cash payments and to exert stronger oversight on crypto transactions of over 1,000 euros ($1,055). European Union to Limit Cash Usage, Ostensibly to Fight Money Laundering The countries of the European Union have announced a set of new directives to make more difficult the usage of cash and other alternative currencies like…

Argentina Organizes National Blockchain Committee to Implement State Level Strategy – Blockchain Bitcoin News

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The government of Argentina has designated a national blockchain committee in order to establish the directives for a state-level blockchain adoption strategy. In a document, Argentina remarks on the importance of this tech for the future and presents several use cases that would benefit from the introduction of blockchain for the digital transformation of the country. Argentina Forms National Blockchain Committee More and more countries are now taking a look at how the implementation of blockchain tech can improve some of their public functions. Argentina has recently issued its blockchain…

Meme Coin Economy Heals After the FTX Fiasco Swelling by $1.4 Billion in 30 Days – Market Updates Bitcoin News

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The meme coin economy has seen its value increase 7.77% against the U.S. dollar during the last month, as the meme token market leader dogecoin jumped 29.4% higher in 30 days. Dogecoin has also managed to move from the ninth-largest market cap position to the eighth-largest crypto market valuation this past month. Shiba inu, on the other hand, dropped from the thirteenth largest market cap to the fourteenth spot. Meme Tokens Gained Over 7% Against the Greenback Over the Past Month Amid the craziness with FTX and before the bankruptcy…

Russia’s Interior Ministry Employs Tool to Identify Crypto Wallet Owners, Track Transactions – Bitcoin News

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The Russian Ministry of Internal Affairs is now using a digital tool allowing officers to link cryptocurrency wallets to their owners. The software also has a feature facilitating the monitoring of crypto asset transactions, the department told Russian media. Russian Police Brag About New Crypto Tracing Tool on Eve of Anti-Corruption Day Employees of MVD, the Ministry of Internal Affairs of the Russian Federation, now have access to a specialized digital platform called “Personal account of a law enforcement agency,” Tass reported. The ministry revealed to the news agency that…

Binance and Crypto.com Publish Proof-of-Reserve Audits Conducted by Global Auditor Mazars Group – Bitcoin News

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This week two cryptocurrency exchanges provided proof-of-reserves in order to highlight that the trading platforms are backing customer assets 1:1. Binance published its report on Dec. 7, 2022, and detailed the global auditor Mazars Group conducted the audit. On Dec. 9, 2022, the exchange Crypto.com published proof-of-reserves records and the verification was also conducted by Mazars. Binance and Crypto.com Reveal POR Audits Two very large crypto exchanges provided proof-of-reserves (POR) documentation this week following the promises made by exchange executives after the FTX fiasco. The world’s largest crypto exchange, in…

Report Shows Crypto News Publication The Block Was Secretly Funded by Bankman-Fried’s Alameda – Bitcoin News

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On Dec. 9, 2022, Axios reporter Sara Fischer reported on the CEO of the crypto media The Block after it was discovered that the chief executive was secretly funded by Alameda Research, the now-defunct trading firm co-founded by Sam Bankman-Fried. According to the report, sources say The Block executive Michael McCaffrey received $16 million in one payment and used the funds to purchase an apartment in the Bahamas. The Block CEO Received 3 Payments of $43 Million From Alameda Research, One Payment Used to Purchase an Apartment in the Bahamas…

Ethereum’s Shanghai Hard Fork Could Happen in March 2023, ETH Dev Says Staking Withdrawals Is the ‘Highest Priority’ – Technology Bitcoin News

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According to a recent Ethereum Core development meeting on Dec. 8, developers disclosed that the next Ethereum hard fork, called Shanghai, could be implemented by March 2023. It’s been suggested that the Shanghai hard fork will be able to manage the network’s staked ethereum withdrawals. Ethereum Devs Aim for Hard Fork Target ‘Around March-ish’ On Dec. 8, 2022, Ethereum Core developers convened for the 151st developers meeting, and a number of subjects were discussed including Ethereum’s next hard fork. Ethereum’s last major hard fork was The Merge, a significant change…