Monthly Archives: December 2021

CEOs Testify on Bitcoin Before U.S. Lawmakers

Executives said Bitcoin and cryptocurrencies are fundamentally different from the traditional system and need new rules. Chief executives of large cryptocurrency firms appeared before Congress Wednesday to testify and answer questions about their products and services and the Bitcoin market in general as lawmakers struggle to bring the market within public policy and regulatory frameworks. “Several questions remain as to how traditional rules apply and whether regulators have sufficient authority to protect investors and consumers while maintaining market integrity and encouraging innovation,” Rep. Maxine Waters, a Democrat […]

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Bitcoin And Macroeconomics: Powell Retires “Transitory,” IMF Warns Of Collapse

Discussing the latest macroeconomic developments and how they relate to Bitcoin, including an IMF warning of imminent collapse. Watch This Episode On YouTube Listen To This Episode: BitcoinTV Apple Spotify Google Libsyn Overcast Rumble In this episode of Bitcoin Magazine’s “Fed Watch” podcast, Christian Keroles and I sat down for our first ever live stream as part of the new Bitcoin Magazine live show. Going forward, we will be recording live at approximately 2:00 p.m. Eastern Time every Tuesday. Come join us and as we get a […]

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3 reasons why DeFiChain (DFI) price has gained 60% in December

In the last two weeks, DFI price bounced off its swing low and a number of data points suggest the project’s fundamentals will continue to improve. Decentralized finance (DeFi) offers one of the most widely applicable use-cases for distributed ledger technology and today it is one of the main avenues for the wider adoption of blockchain technology. Last week, as the wider crypto market corrected and Bitcoin (BTC) dropped by 22%, DeFiChain (DFI) bucked the trend and rallied 76% to establish a new high at $5.70 on […]

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Kickstarter plans to migrate to platform built on Celo blockchain

“We are entering a significant moment for alternative governance models, and we think there’s an important opportunity to advance these efforts using the blockchain,” said Kickstarter CEO Aziz Hasan and co-founder Perry Chen. Crowdfunding platform Kickstarter will be launching a new company that will eventually see its website move to a blockchain-based system on Celo.  In a Wednesday blog post, CEO Aziz Hasan and co-founder Perry Chen said Kickstarter would be developing an open-source protocol that will live on the Celo blockchain. The two execs cited the blockchain’s efforts […]

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Label Foundation Has Announced an Official Deployment on Binance Smart Chain

PRESS RELEASE. Label Foundation has recently announced its readiness to deploy on the Binance Smart Chain, utilizing the cross-chain bridge that they have developed in cooperation with the Tokyo-based blockchain development company, Curvegrid. The deployment of the bridge pinpoints to the initiation of the Label’s integration into the Binance Smart Chain’s ecosystem. Label may be understood as a blockchain-oriented international education content platform which presents an incubation system that readily supports various promotion, distribution and investment processes in an attempt to eliminate obstacles and challenges pertaining to […]

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$1.1B in Bitcoin options expire on Friday, but data points to a sub-$55K BTC price

BTC bulls are looking at a $300 million loss after last week’s 11.5% correction set them up as the losers of Dec. 10’s $1.1 billion options expiry. Bitcoin (BTC) bulls are still licking their wounds from the bloody Dec. 4 correction, which saw the price collapse from $57,000 all the way to $42,000. This 26.5% downside move caused $850 million in long BTC futures contracts to be liquidated, but more importantly, it shifted the “Fear and Greed index” to its lowest level since July 21. Bitcoin/USD price […]

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Frax co-founder Sam Kazemian believes stablecoin regulations are currently too harsh

He clarified that it’s mostly fiat money stablecoins that bear the brunt of this regulatory scrutiny. Stablecoins, or crypto assets which peg their value to less volatile fiat money, are useful tools for a variety of reasons. They can be used to cash out crypto investments, send or receive stable money abroad, and to pay for everyday consumer transactions without fear of fluctuation. A recent estimate from the Bank for International Settlements, or BIS, put the total stablecoin supply at roughly $150 billion. But central banks, the […]

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Australia to Regulate Crypto Sector as Part of Payments Reform

The government of Australia is preparing to comprehensively regulate the activities of cryptocurrency exchanges and custodians. The push is part of a major overhaul, aimed at preserving the country’s sovereignty over its payments system, which will also affect providers like Apple and Google. Payment Laws in Australia to Cover Crypto Business and Big Tech Authorities in Australia are gearing up to update the nation’s legislation governing payments in the largest reform of the industry in over two decades. The changes will expand the regulatory framework to encompass […]

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An Essay From El Salvador: A Glass Half Full Or A Block Half Empty?

The success or failure of Bitcoin’s adoption in El Salvador, at the current moment, is largely defined by your expectations. This is the second installment in Okcoin’s “I am Satoshi” series, profiles of Salvadorans during the transition to bitcoin as legal tender. Read the first about Elina Marchenko’s visit with Enrique Barrios of Bitcoin Smiles. Impressions Of The State Of Bitcoin One of my favorite things to do in the midst of the craziness unleashed by the passing of “Ley Bitcoin” has been to get an off-the-record […]

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US is ‘unquestionably’ behind the curve on crypto ETFs, says Brian Brooks

Brian Brooks proposed regulators treat crypto in much the same way as traditional financial institutions rather than creating an entirely new body to create a single framework for digital assets. Bitfury CEO and former Acting Comptroller of the Currency Brian Brooks has hinted the regulatory environment in the United States could drive many crypto firms outside the country, and has already stymied companies attempting to offer a variety of financial products. Speaking at a Wednesday hearing on Digital Assets and the Future of Finance with the House […]

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