Senator Wendy Rogers has introduced a bill proposing to make bitcoin a legal tender in the U.S. state of Arizona. The bill seeks to add bitcoin to the list of instruments considered legal tender in Arizona and make the peer-to-peer digital currency a lawful medium of exchange there, enabling citizens to pay debts, public charges, taxes and dues with BTC.…
Month: January 2022
A Deep Dive Into the Concentrations of Large Crypto Holders – Featured Bitcoin News
Three months ago the crypto economy was worth more than $3 trillion and since then, digital currency prices have slid a great deal in value, as crypto assets have been sold and distributed across many hands. Over the last decade, fluctuating price cycles have made it so some addresses, typically referred to as crypto whales, have been able to accumulate…
Users flock to Curve amid lack of stablecoin liquidity on major DEXs
In a Tweet posted by user @cryptotutor Friday, a screenshot appears to show a 27% spread between stablecoin Magic Internet Money (MIM) and USD Coin (USDC) trading pair on decentralized exchange, or DEX, Uniswap (UNI). Both have a theoretical peg of 1:1 against the U.S. Dollar. “Magic Internet Money,” joked cryptotutor, as he attempted to swap approximately $1 million in…
Ethereum Founder Vitalik Buterin Will Get Back $100M of Donated SHIB Funds
In brief Ethereum founder Vitalik Buterin will receive $100 million in USDC stablecoin, pulled from the $1 billion worth of SHIB he donated in May 2021. Buterin will use the funds for biotech and medical science endeavors after the Indian charity faced issues with deploying crypto donations. When the creators of popular meme token Shiba Inu (SHIB) sent half of…
Fidelity seeks approval for 2 more crypto-metaverse ETFs
Fidelity Investments appeared undeterred by the U.S. Securities and Exchange Commission’s, or SEC’s, rejection of its Wise Origin Bitcoin Trust spot ETF on Thursday. Following the setback, the company filed two more prospectuses involving crypto-metaverse ETFs for regulatory approval. The proposals are titled are the Fidelity Crypto Industry and Digital Payments ETF and the Fidelity Metaverse ETF respectively. In rejecting the…
Terra (LUNA) at risk of 50% drop if bearish head and shoulders pattern plays out
Terra (LUNA) may fall to nearly $25 per token in the coming weeks as a head-and-shoulders (H&S) setup develops, indicating a 50% price drop, according to technical analysis shared by CRYPTOPIKK. H&S patterns appear when the price forms three peaks in a row, with the middle peak (called the “head”) higher than the other two (left and right shoulders). All…
Ubisoft executive responds to the backlash over new NFT platform
Nicolas Pouard, VP at Ubisoft’s Strategic Innovations Lab, commented on the negative gamer feedback that Ubisoft received after introducing Quartz and Digits, in an interview with Finder. “It’s a reaction we are accustomed to. I think it’s great because it shows how engaged our players are and how passionate they are about their hobby and gaming in general. And looking at that, I…
Russia Prepares Roadmap For Bitcoin, Crypto Regulation: Report
The Russian government is coming out in favor of establishing a comprehensive legislation for Bitcoin and cryptocurrency as members discuss the potential negative side effects of banning the industry altogether as suggested by the central bank. Putin reportedly backs the government’s efforts to regulate the asset class despite the Bank of Russia’s last week comments on the alleged risks of…
Terra Luna Drops 20%, While Symbol Token Climbs on Friday – Market Updates Bitcoin News
Terra (Luna) was one of this week’s biggest crypto losers, falling by as much as 20% during Friday’s session. Declines in terra came as cosmos (ATOM) also had a double-digit decline. Biggest gainers Although crypto markets were mainly trading in the red, symbol (XYM) was one of the rare exceptions to climb higher today. XYM rose to an intraday high…
LeBron James and Crypto.com team up for blockchain education initiative
In a press release published Friday, three-time NBA champion and Los Angeles Lakers forward LeBron James will partner with digital currency exchange Crypto.com to support educational and workforce development opportunities focused on Web 3.0. Specifically, as told by local news outlet Akron Beacon Journal, the partnership will help 1,600 kids in LeBron James’ hometown of Akron, Ohio about the technology…