Bitcoin (BTC) fell further pre-Wall Street on Feb. 3 as analysis revealed old resistance levels had returned to haunt bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $38,600 is back Data from Cointelegraph Markets Pro and TradingView painted another uninspiring picture for BTC/USD Thursday, with the pair meeting new lows of $36,275 on Bitstamp. After shock tech stock moves during Wednesday’s…
In brief Galaxy’s new “sustainability program” will focus on environmental, social and governance issues The move comes at a time of growing scrutiny about the impact of crypto firms in general. Galaxy Digital, a crypto trading giant with significant mining operations, announced a “sustainability program” on Thursday that is aimed at improving the company’s energy use and social impact. The…
The Financial Sector Conduct Authority (FSCA) has warned the investing public to be cautious when trading on the cryptocurrency platforms FTX and Bybit. The FSCA alleges that neither entity has been licensed to trade in Contracts for Difference (CFD) or to provide financial advisory and intermediary services in South Africa. FTX Not Authorized to Give Financial Advice South Africa’s financial…
Canada-based Purpose Bitcoin ETF attracted over $38 million worth of Bitcoin (BTC) this Tuesday, its third-largest daily inflow to date. According to data provided by Glassnode, investors poured about 1,054 BTC into the fund, marginally lower than the inflows recorded on Dec. 6 last year. However, the capital injection still came out to be almost half the amount that entered…
There has been a 3.7% decrease to crypto’s global market capitalization in the last 24 hours, which means price crashes all around have erased many of the gains made this week, but one group of tokens has weathered the red: Metaverse tokens. Most of the top metaverse tokens appear to be up by double digits. Decentraland’s in-game utility token MANA…
In brief GameStop will use the Immutable X layer-2 scaling solution for Ethereum to power its upcoming NFT marketplace. The partners have established a fund to incentivize game developers with up to $100 million in total IMX token grants. GameStop’s long-teased NFT plans are finally coming to light. Today, the video game retailer revealed that it has chosen Ethereum layer-2…
In brief Video game publisher Ubisoft has agreed to enter the Hedera ecosystem. Ubisoft will join Hedera’s Governing Council, run a node, and implement a Hedera track into its Entrepreneurs Lab program. Ubisoft’s recent move to launch Tezos-powered in-game NFT items to its games might have been met with pushback from gamers—like many recent gaming-centric NFT projects—but that isn’t stopping…
Her Majesty’s Revenue and Customs (HMRC)—the UK’s tax, payments, and customs authority—has updated the rules that govern decentralized finance (DeFi) and crypto staking. “The lending/staking of tokens through decentralized finance (DeFi) is a constantly evolving area, so it is not possible to set out all the circumstances in which a lender/liquidity provider earns a return from their activities and the…
2021 was not just the year of institutionalization of crypto and new all-time highs; it also turned out to be the biggest year for crypto philanthropy. According to research data from The Giving platform, crypto donation volume rose to $69.6 million in 2021 compared to $4.2 million in 2020. Crypto donation volume spiked 1,558% or nearly 16x over the same period.…
Leading exchanges, polled by the Russian press, have indicated they are not afraid of the upcoming strict crypto regulations. A requirement for coin trading platforms to establish a local office is one of the proposals in a regulatory roadmap drafted by the government in Moscow. Cryptocurrency Exchanges to Set Up Shop in Russian Federation Some of the world’s largest digital…
