Monthly Archives: January 2022

Valkyrie aims for ETF linked to Bitcoin mining firms on Nasdaq

The proposed ETF would invest at least 80% of its net assets in securities of companies that “derive at least 50% of their revenue or profits” from BTC mining. Crypto asset manager Valkyrie has filed an application with the United States Securities and Exchange Commission to trade an exchange-traded fund with exposure to Bitcoin mining firms on the Nasdaq Stock Market. In a Wednesday SEC filing, Valkyrie said its Bitcoin Miners ETF will not invest directly in Bitcoin (BTC) but at least 80% of its net assets […]

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Bitcoin, Ethereum Technical Analysis: ETH Nears 10% Gain, BTC Inches Toward $40,000

Days after falling to a 6-month low, bitcoin rose for a second consecutive session, as prices slowly approached its key level of $40,000. Today’s gain in BTC comes as the global crypto market cap was 4.7% higher from yesterday’s session, as of writing. Bitcoin The world’s largest cryptocurrency hit an intraday high of $38,415.90 on Wednesday, which is its highest level in the last six sessions. Today’s move comes as the 14-day RSI on BTC/USD broke out of its recent resistance level of 30, which typically signifies […]

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Thailand Announces Cryptocurrency Will Be Regulated as Means of Payment

Thailand has announced that cryptocurrency will be regulated as a means of payment for goods and services “to avert potential impacts on the country’s financial stability and economic system.” The announcement was issued by the Bank of Thailand, the Thai Securities and Exchange Commission, and the Ministry of Finance. Cryptocurrency Will Be a Means of Payment in Thailand The Bank of Thailand (BOT), the Thai Securities and Exchange Commission (SEC), and the country’s Ministry of Finance (MOF) jointly announced Tuesday their plan to regulate cryptocurrency as a […]

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EverRise Expands DeFi Security Infrastructure to Fantom and Avalanche

PRESS RELEASE. EverRise, the blockchain bridging and security solution provider that brought the buyback to crypto, expanded to the Fantom and Avalanche blockchains over the weekend. With the addition of these two blockchains, the EverRise token (RISE) and ecosystem is now available on a total of 5 blockchains. The Fantom and Avalanche blockchains offer EverRise an exciting opportunity to make their dApps more widely available. Fantom’s mainnet was launched in December 2019 and their TVL recently surpassed Binance Smart Chain. The Avalanchemainnet launched in September 2021 and […]

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Bitcoin Payroll Provider Bitwage Launches New Platform

The update brings a redesigned dashboard and new features for employers and workers seeking to pay and get paid in bitcoin. Bitcoin payroll provider Bitwage launched a new platform. The update brings a redesigned dashboard and new features for workers and employers. The launch comes after one year of work on the new platform, Bitwage said. Bitwage, a provider of bitcoin payroll services since 2014, has launched its newest platform, featuring new additions to further facilitate the lives of companies and individuals seeking to pay and get […]

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Turkish president orders ruling party to organize metaverse forum

Turkish officials have recently identified the metaverse as a priority area for policy development. Turkish President Recep Tayyip Erdoğan and ruling Ak Party officials met earlier this week to discuss the metaverse, with the president calling for comprehensive research on the subject. Erdoğan has reportedly urged the Ak Party to study the metaverse, cryptocurrencies, and how transactions are made using them, according to a Daily Sabah report. At a meeting on Jan. 25, party leaders were instructed to research the phenomenon with significant ramifications for the future. […]

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Ripple announces $200M share buyback and expresses optimism for 2022

The company has repurchased all Series C shares originally issued to Tetragon Financial Group, SBI Holdings and Route 66 Ventures in December 2019. Blockchain payments firm Ripple has announced a $200-million Series C share buyback, a decision that will take the San Francisco-based tech firm to a record-high valuation of $15 billion. Back in December 2019, Ripple raised $200 million in a Series C funding round with Tetragon Financial Group, a United Kingdom-based investment firm, acting as the lead investor alongside SBI Holdings and Route 66 Ventures. However, […]

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Kazakhstan Shuts Down Crypto Mining Farms Till February

Data centers minting cryptocurrencies in Kazakhstan were cut off from the nation’s power grid this week and will remain unplugged for the rest of January. The measure comes as the country faces electricity shortages blamed on crypto mining and blackouts in the cold winter months. Crypto Miners in Kazakhstan Left Without Power Bitcoin mining facilities in Kazakhstan were disconnected from the electricity supply on Monday, Jan. 24, and will remain shut down through Jan. 31, local media revealed. The restrictions have been imposed after the state-run grid […]

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Samsung Provides a Glimpse Into the South Korean Metaverse and NFT Craze

At the very beginning of 2022, South Korean tech giant Samsung announced its foray into the metaverse and a new “NFT Aggregation Platform” designed for its smart TVs. In addition to the NFT TVs, Samsung also launched a virtual experience inside of Decentraland, one of the most popular metaverse gaming platforms. It’s high time we had a peek at the South Korean NFT world to see the latest developments. Samsung NFT TV and Presence in Decentraland The idea of the metaverse is no longer the distant, dreamy […]

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BTC price hits $38K as Bitcoin analysts focus on weekly close

$39,600 is the favored short-term target, whether or not Bitcoin price action ultimately returns to downward momentum. Bitcoin (BTC) staged new retests of $38,000 resistance on Jan. 26 as optimism increased over a potential recovery to $40,000 and higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Next stop a $40,000 retest? Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued the rebound that began on Monday. At the time of writing, two breakthroughs of $38,000 had occurred, with the pair lingering just below that level […]

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