The U.K. government has announced plans to impose new rules on cryptocurrency ads to ensure they are fair, clear, and not misleading to consumers. The rules will be enforced by the Financial Conduct Authority (FCA). UK to Impose New Rules on Crypto Ads The U.K. government announced Tuesday plans to impose new rules on cryptocurrency advertisements to “protect consumers from…
The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. In recent weeks, much of our analysis has been focused on the consolidation period currently occurring in the bitcoin market, with a particular…
Microsoft Crop. is acquiring gaming giant Activision Blizzard Inc. for $69 billion as part of a move to ramp up its gaming and Metaverse plans. Activision Blizzard is home to a long list of iconic gaming franchises such as Call of Duty, Overwatch, Candy Crush, World of Warcraft and Tony Hawk’s Pro-Skater. Following the deal, its games are set to…
Residents of Svaneti, Georgia, have reportedly been made to pledge a holy oath they will not mine cryptocurrency in order to deal with energy shortages blamed on Bitcoin mining. The economy of the northwest Svaneti region of Georgia depends on tourism spending, which rose every year from 2000 to 2019 according to Macrotrends. As a result of the Covid-19 pandemic,…
Fear and volatility remain the theme of the week as Bitcoin (BTC) continues to face stiff resistance near the $42,000 price level and stock markets were also hard hit on Jan. 18. Investor fear over this year’s proposed rate hikes continue to apply bearish pressure and at the closing bell the DOW was down 530 points, or 1.4%. Despite the…
In brief Bitcoin perpetual futures open interest is at a “historically elevated level,” according to Glassnode. The underlying signs are showing the market could be ready for a “leverage flush.” As Bitcoin has been busy limboing below the $45,000 mark, crypto derivatives are seeing a lot of “interest” as traders speculate on BTC’s future price. Below the big figures, however,…
Crypto exchange Binance is launching a new exchange in Thailand after the country’s Securities and Exchange Commission (SEC) filed a complaint against the company for operating without a license. Binance has now signed an agreement with Gulf Energy Development, a Thai public company, to establish a crypto exchange in Thailand. Binance and Gulf Energy to Establish a Crypto Exchange in…
Event badge app POAP announced today that it has raised $10 million in new seed funding. “We intend for this raise to be the first along the road to our building a better POAP,” wrote POAP Chief Operating Officer Isabel Gonzalez in a Medium post. POAP says the raise was led by Archetype and Sapphire Sport LLC, with participation from…
Binance Coin (BNB) holders enjoyed a 1,760% rally from $37 to $692 between January and May 2021, but as is customary in crypto, this surge was followed by a 69% correction two weeks later. From there, it’s been a bit of a rough patch to regain investors’ confidence and BNB failed to produce another all-time high in November even though…
This article is a respectful part agreement but more disagreement with Dennis Porter’s article, “Why Bitcoin Represents The Ultimate Single-Issue Voting Bloc.” Bitcoin Is Apolitical To start out, Bitcoin is apolitical. However, many people who own Bitcoin do vote in elections, and everyone lives in countries where the government can have an effect on Bitcoin, its ecosystem and its regulation.…
