Monthly Archives: January 2022

Key on-chain metric shows Bitcoin miners in ‘massive’ BTC accumulation mode

Data shows lost and held Bitcoin hitting a one-year high, while miners opened the year by accumulating “massive” amounts of BTC. New data shows that Bitcoin (BTC) miners are hoarding more coins than at any time in the past five months, which could be a fresh signal that the current prices are not for selling. Analyzing its miner net position change indicator on Jan. 11, on-chain analytics firm Glassnode revealed what popular Twitter account Bitcoin Archive described as “massive” accumulation by miners. Miners show no desire to […]

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Coinbase announces ‘nearly the entire company will shut down’ for four weeklong breaks in 2022 to allow workers to recharge

“Given the intensity of our work throughout the year, we think this is the best way to ensure our pace is sustainable for the long term,” said chief people officer L.J. Brock. Major U.S. crypto exchange Coinbase will be giving its employees one week off each quarter in 2022 to recharge after “long days and long weeks” of intense work. In a Monday blog post, Coinbase chief people officer L.J. Brock said “nearly the entire company will shut down” for four separate weeks this year as part […]

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Crypto Tops Investor Threats for US Securities Regulators

U.S. state securities regulators have revealed that cryptocurrency investments are their top investor threat this year. “Before you jump into the crypto craze, be mindful that cryptocurrencies and related financial products may be nothing more than public facing fronts for Ponzi schemes and other frauds,” one regulator warned. Crypto Is the Top Threat for US Securities Regulators The North American Securities Administrators Association (NASAA) released its “annual list of top investor threats” Monday. The NASAA, formed in 1919, is a nonprofit association of state, provincial, and territorial […]

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Bitrue Is Launching a New Yield Farming Hub

PRESS RELEASE. In the world of cryptocurrencies, it is important for any crypto exchange to offer plenty of different options when it comes to making money. This is precisely why Bitrue, a leading cryptocurrency exchange, has recently announced the launch of a new yield farming hub, available to all of its users from January 10th at 10:00 UTC. The main reason and context behind this new initiative has to do with the fact that staking and yield farming have become immensely popular methods through which investors can […]

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eToro rolls out smart portfolios for new metaverse investors

Growing confidence in new metaverse markets appears to be solidifying new investment opportunities across the industry. Brokerage firm eToro introduced MetaverseLife, a new smart portfolio covering stocks and crypto-assets from within the growing metaverse industry, on Tuesday. The company stated that its goal is to offer a diverse range of investments made for long-term exposure.  Currently included in the portfolio are Meta Platforms, the new parent company behind Facebook, Roblox and other blockchain-based metaverse developments like Decentraland, The Sandbox and Enjin. There are also a few companies […]

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YouTube Bans Bitcoin Magazine’s 60K Follower Channel

The video platform by Google banned Bitcoin Magazine’s channel today during a livestream covering Bitcoin news. YouTube has just banned the official channel of Bitcoin Magazine during a live stream about Cash App integrating the Lightning Network, bitcoin mining in Kazakhstan, and other Bitcoin-related news. The platform justified the move saying that “content that encourages illegal activities or encourages users to violate YouTube’s guidelines is not allowed on YouTube,” adding that exceptions might be made if a video portrays the information as educational content instead of inciting […]

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Ramp expands presence in US with FinCEN regulation

Last August, Ramp became one of only eight crypto firms to secure approval from U.K.’s Financial Conduct Authority. On Tuesday, crypto-fiat gateway payments platform Ramp announced that its U.S. subsidiary Ramp Swaps LLC hadreceived its registration as a Money Service Business with the Department of Treasury’s Financial Crimes Enforcement Network. The regulatory greenlight enables Ramp to do business in 38 states across the U.S. Besides the development, Ramp also has regulatory clearance with the U.K.’s Financial Conduct Authority and Poland’s Financial Supervision Authority. Ramp allows users to […]

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Was $39,650 the bottom? Bitcoin bulls and bears debate the future of BTC price

BTC bulls seem to believe the bounce off $39,650 marked the bottom, but bears warn that a looming death cross on the daily chart is a sign of further downside. Bitcoin price made a quick pop above $43,100 in the U.S. trading session but uncertainty is still the dominant sentiment among traders on Jan. 11 and bulls and bears are split on whether this week’s drop to $39,650 was BTC‘s bottom.  Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) has traded tightly around […]

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Zero-knowledge scaling tech Plonky goes live on Polygon

The move comes after Polygon allocated $1 billion to the advancement of zero knowledge technology. On Monday, Polygon (MATIC), a layer-two Ethereum (ETH) scaling solution that is known for its fast transaction times and negligible gas fees, announced the launch of Plonky2, a zero-knowledge scaling technology, claimed to be the fastest in the world. Zero-knowledge algorithms ensure everything is correctly computed on layer two and return the succinct proof to Ethereum without sending the entire data. Instead of every miner (or staker) verifying every posted transaction, zero-knowledge […]

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175-Year-Old News Cooperative the Associated Press Plans to Launch NFT Marketplace

On January 10, 2022, the Associated Press (AP), the American non-profit news cooperative founded in 1846, has announced the news agency is launching a non-fungible token (NFT) marketplace. The AP NFT market was built by the distributed ledger technology provider Xooa and on top of the Polygon blockchain network. AP Announces NFT Marketplace Launch The 175-year-old news cooperative the Associated Press revealed that the organization is launching an NFT marketplace using the Polygon blockchain network. According to the AP announcement, the NFT market built by Xooa will […]

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