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Russian Duma creates working group to tackle crypto mining regulations

The Russian State Duma has created a working group that will tackle the complicated issue of forming regulations for the cryptocurrency mining industry. According to an official announcement on Nov. 11, State Duma Chairman Vyacheslav Volodin instructed the legislature to create a group that will address regulatory gaps in the industry. The group was formed following a statement by Andrei…

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MetaWars Launches Strong, Now Looking to the Future – Press release Bitcoin News

press release PRESS RELEASE. MetaWars, a space-themed play-to-earn blockchain game utilising high-tech NFTs, is looking forward to a very bright future following a successful token launch. The game, in which players will take the role of pilots in a futuristic, post-apocalyptic 50th century space war, will utilise special NFTs, its native token, as well as in-game currency in a rewarding…

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Presearch integrates OpenSea NFT search feature

Decentralized, privacy-centric search engine Presearch has announced a partnership agreement with leading nonfungible token (NFT) marketplace OpenSea to foster the growth of the Web 3.0 ecosystem for the global commons. The Presearch network is powered by a community of node operators and supporters who are rewarded in Ethereum-based PRE tokens for enhancing the networks activity. According to analysis detailed in…

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What is Chia Network?

A new player on the crypto market Chia Network has attracted the attention of the whole crypto community and the world media with its promise to become an eco-friendly alternative to existing digital money. Chia appeared just a few months ago, and it is not yet known whether it will be able to repeat the success of Bitcoin, Ethereum, or…

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US Faces More Inflation Woes as CPI Hits Highest Record in 30 Years – Economics Bitcoin News

U.S. inflation continues to roar higher as this week’s data from the consumer price index (CPI) jumped 6.2% from a year ago. Americans are concerned as the Federal Reserve has expanded the monetary supply like at no other time in history, suppressed the benchmark interest rate, and U.S. politicians are creating multi-trillion-dollar packages with money the government doesn’t have. The…

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Here’s why Bitcoin losing $6K in hours was good for BTC price action

Bitcoin (BTC) traded just below $65,000 on Nov. 11 after an overnight correction cancelled out previous snap gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “No free lunch” for speculators Data from Cointelegraph Markets Pro and TradingViewshowed BTC/USD recovering after briefly dipping below $63,000 in fresh volatility. The pair had moved up sharply on the back of U.S. inflation hitting…

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FTX US Beats Kraken, Coinbase as Americas Most Liquid Crypto Exchange

FTX.US, the American affiliate of Sam Bankman-Fried’s global cryptocurrency exchange FTX International, is snapping at rivals heels, with the latest trading report promising more competition in the market. West Realm Shires Services Inc, the operator of FTX.US, today announced the exchanges trading results for Q3 2021, with a 512% increase in average daily trading volume (about $360 million) among the…

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Hong Kong firm to offer insurance for Asian cryptocurrency holdings

A major Asian insurer has ventured into Bitcoin (BTC), in an attempt to provide a model for other businesses in the field. Multi-line insurance firm OneDegree announced on Thursday that it is partnering with Hong Kong Bitcoin Exchange (HKbitEX) to provide protection for the latter’s ON1ON custody platform. OneDegree claims to be the first Asia-based insurance provider for digital assets,…

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