Bitcoin (BTC) starts a new week on familiar ground below $50,000 but anticipation is building for major disruption to begin. After a fresh push above $50,000 ended in rejection, BTC/USD is keeping traders guessing till the last when it comes to near-term price action — including the end-of-year close. With just two weeks to go, the kind of blow-off tops…
Month: December 2021
Binance Singapore withdraws crypto license application
Crypto exchange Binance has withdrawn its license application for pursuing digital payment token (DPT) services in Singapore. Starting today, Binance.sg has stopped onboarding new users and will not allow Singaporeans to deposit cryptocurrencies or fiat on the exchange. By Feb 13, 2022, Binance plans to “wind down” all services that relate to dealing with cryptocurrency tokens. However, the exchange announced…
Russia to Allow Foreign Residents to Own and Use Digital Ruble – Finance Bitcoin News
The central bank of Russia intends to ensure that the digital ruble is convertible to foreign currencies and can be used by non-residents. In a document devoted to the digitalization of the Russian financial sector, the regulator reiterates its concerns over the risks associated with cryptocurrencies and insists that state-issued digital currencies are safer. Bank of Russia to Give Foreigners…
Threat of Nested Exchanges and What Binance Is Doing to Combat Them – Sponsored Bitcoin News
sponsored Nested exchanges are becoming a popular tool for money launderers. Learn all about nested exchanges/services and what we’re doing to combat them as well as how to avoid them and why accounts get blocked or frozen because of them. Main Takeaways: A nested exchange provides crypto trading services through an account or wallet on an existing host exchange. Nested…
Korean Officials Quit Jobs to Join Crypto Industry, Lawmaker Reveals – Bitcoin News
Public officials in South Korea are increasingly choosing career opportunities in the cryptocurrency sector. Some of them come from financial authorities which raises ethical questions, according to the findings of a Korean lawmaker, quoted by local media. Former Financial Officials Hired by Major Korean Exchanges A growing number of officials in Seoul are vacating their government posts and moving to…
90% Of All 21 Million Bitcoin Have Been Mined
Over 90% of the total amount of bitcoin that will ever exist has already been mined, according to data from the Clark Moody Bitcoin Dashboard. As the monetary network advances in awareness and usage worldwide, fueling an increased demand for BTC, a sudden and robust supply shock might become inevitable. The Bitcoin network, the only form of digital cash that…
Analyst Expects US to Embrace Crypto With Proper Regulation in 2022 – Sees ‘Refreshed’ Bitcoin Bull Market – Markets and Prices Bitcoin News
Analyst Mike McGlone with Bloomberg Intelligence has shared his outlook for the cryptocurrency market going forward. “We expect the U.S. to embrace cryptocurrencies in 2022, with proper regulation and related bullish price implications,” he detailed. Noting that “Bitcoin appears to be on a trajectory for $100,000,” the analyst added that we are likely to see “A paused, corrected and refreshed…
Fractional NFT Markets See Significant Growth in 2021 as Market Cap Surpasses $200 Million – Blockchain Bitcoin News
While the non-fungible token (NFT) economy has exploded in value, another sector of the NFT industry called fractionalization has seen immense growth. A bunch of projects today are dealing with fractional NFTs, which are basically NFT assets chopped into a number of pieces and shared among a community of holders. According to statistics on Sunday, fractional NFTs have an overall…
Kenya Based Fintech Kwara Raises $4 Million in Seed Round – Fintech Bitcoin News
A Kenya based fintech, Kwara has raised $4 million in a seed round that was led by Breega VC firm. The funds will be used to create an app that allows members of credit unions to access financial services. The Rising Demand for Financial Services by Credit Union Members Kwara, a Kenyan fintech that focuses on helping credit unions, has…
ZK-rollups step into the limelight after the quest to scale Ethereum evolves
Scalability on the Ethereum (ETH) network has been a point of contention within the cryptocurrency ecosystem for years, primarily due to high fees and network congestion during periods of peak demand. The latest solution to emerge as the final fix to Ethereum’s scalability woes are Zero-knowledge rollups (ZK rollups), a form of scaling that runs computations off-chain and submits them…