Tag: Report

Crypto could bypass President Biden’s ‘devastating’ sanctions on Russian banks and elites: Report

boss

The sanctions announced by United States President Joe Biden in response to Russia’s attack on Ukraine did not include cutting the country off from payments on the SWIFT system or cryptocurrency transfers. In a Thursday announcement from the White House, Biden said the U.S. and its allies and partners would be enforcing sanctions aimed at imposing “devastating costs” on Russia due to “Putin’s war of choice against Ukraine.” The U.S. president announced that the country would sever its financial system from Russia’s largest bank, Sberbank, as well as impose “full…

Many ETHDenver attendees report positive COVID-19 tests and few masks

boss

The transmissibility of the Omicron variant of COVID-19 seems to have affected many attendees at the ETHDenver developer conference, who reported symptoms and positive test results following the event. Many social media posts from ETHDenver attendees after the conclusion of the Feb. 11-20 conference claim they tested positive for the virus. A local news outlet reported that more than 12,000 people from 100 countries attended the event, which resulted in many infections among both the vaccinated and unvaccinated. Finally got my first COVID infection courtesy of #ETHDenver pic.twitter.com/TDR3OEteI5 — T…

Games will adopt blockchain in 2022 through esports and P2E models: Report

boss

In the past, earning money through games was only possible by uploading gaming videos online, streaming game content and playing competitively through esports. But in 2021, many realized that through blockchain, gamers can earn money simply by playing. This trend may continue in 2022 as play-to-earn (P2E) business models become more developed and blockchain adoption in esports becomes more mainstream. In a report published by gaming insight company Newzoo, the firm predicts that P2E models will become more viable in 2022 as gaming companies try to adopt blockchain. “Publishers might…

EU Members Want to Task New AML Watchdog With Crypto Oversight, Report Unveils – Regulation Bitcoin News

boss

A group of EU nations have reportedly been lobbying to entrust oversight of the crypto space to a new anti-money laundering (AML) agency. Behind the move are concerns that companies dealing with digital assets can be engaged in the processing of illicit funds. Germany Leads Push to Place Crypto Firms Under EU Anti-Money Laundering Supervision Several EU member states, led by Germany, have been urging the European Union to grant a planned anti-money laundering (AML) watchdog powers to oversee businesses in the crypto sector. Quoting knowledgeable sources, Bloomberg revealed these…

Hedge fund report says Bitcoin price is ‘at a relatively inexpensive place’

boss

There has been a lot of focus on the performance of the stock and cryptocurrency markets over the past year or two as the trillions of dollars that have been printed into existence since the start of the COVID pandemic have driven new all-time highs, but analysts are now increasingly sounding the alarm over warning signs coming from the debt market.  Despite holding interest rates at record low levels, the cracks in the system have become more prominent as yields for U.S. Treasury Bonds “have been rising dramatically” according to…

Avalanche price rallies 20% after report reveals $25M inflows into AVAX investment vehicles

boss

Avalanche (AVAX) rallied by around 20% in the last two days as a new report revealed millions of dollars flowing into AVAX-based investment products. Penned by CoinShares, an institutional crypto fund manager, the report highlighted that Avalanche-based investment vehicles attracted about $25 million in the week ending Feb. 21, the second-biggest inflow recorded in the said period after Bitcoin’s (BTC) $89 million. Flow of assets. Source: Bloomberg, CoinShares In contrast, Ether (ETH), Avalanche’s top rival in the smart contracts sector, witnessed an outflow totaling $15 million. On the whole, Avalanche and…

Total stablecoin supply hits $180 billion: Report

boss

Move aside Bitcoin (BTC), stablecoins are holding the spotlight. Crypto research outlets Arcane Research and CryptoRank confirm that the stablecoin supply has hit the milestone amount of $180 billion.  The growth in stablecoins continues to outpace the rest of the market, up 6% in the past 30 days. In times of market volatility, stablecoins can offer price stability, backed by specific assets or algorithms. Source: CryptoRank Over the month of February, three stablecoins entered the top 10 coins by market capitalization as Binance USD (BUSD) briefly entered. According to Arcane Research,…

Journalist alleges Mimo Capital co-founder was behind 2016 exploit of The DAO: Report

boss

Laura Shin, a cryptocurrency journalist and host of the Unchained Podcast, claimed to have discovered the identity of the individual behind an exploit which drained more than 3.6 million Ether from Germany-based startup Slock.it’s The DAO in 2016. According to a Tuesday Bloomberg report, Shin claimed that she had “extremely strong evidence” that Mimo Capital co-founder Toby Hoenisch was responsible for removing more than 3.6 million Ether (ETH) from The DAO in June 2016 — roughly $50 million at the time. An unknown hacker used an exploit to drain roughly…

Analyst comments on Deutsche Bank report

boss

As an unlikely but welcomed source of hope during crypto market jitters, Deutsche Bank’s report, the “Future of Cryptocurrencies,” sheds light on potentially bullish cryptocurrency activity.  A survey critical to the report suggests that neither traders nor investors are likely to part with their crypto holdings in the event of a bear market. Marion Laboure, a director of macro strategy at Deutsche Bank, told Cointelegraph: “It is interesting to note the deep bullishness for cryptocurrencies. Even in an extremely bearish crypto market in which values were to drop 80%, less…