Category: Cryptocurrency

Feb 17
Bitcoin miners selling stock and BTC as returns halve since November

Miners are starting to get strapped for cash and need a boost since BTC has dropped in price since November and revenue has fallen even further due to increased competition. 2916 Total views 20 Total shares Bitcoin miners are selling off coins from their stockpiles and shares in their companies after the profitability of mining […]

Feb 17
Swyftx signs major sponsorship deal with Aussie National Rugby League

Speaking on the partnership with the NRL, Swyftx CEO Ryan Parsons said that the “mass appeal of sport means it’s a hugely important way for exchanges to announce themselves.” 24 Total views 1 Total shares Brisbane-based crypto exchange Swyftx has penned a major three-year sponsorship deal with the Australian National Rugby League (NRL). Swyftx is […]

Feb 17
18.36M Ethereum addresses joined the network in 2021

Ethereum addresses have been on a strong, steady increase since last year, but daily transaction volumes and the number of whales on-chain are decreasing. 3724 Total views 69 Total shares New data reveals that the Ethereum network gained 18.36 million addresses with a balance greater than zero in 2021. That works out to an astonishing […]

Feb 16
US-based crypto firms join forces for Travel Rule compliance

“We … adding new members so that TRUST can provide comprehensive compliance across the crypto industry,” said the joint announcement. 615 Total views 9 Total shares Many major crypto companies based in the United States have released a solution for the Financial Action Task Force’s Travel Rule. In a Wednesday blog post, crypto services provider […]

Feb 16
SEC v. Ripple: Here’s how two 2012 memos can turn the tide in the milestone crypto case

Ripple’s court battle with the United States Securities and Exchange Commission has recently seen new developments that, according to some observers, could foreshadow an impending resolution of this massively consequential case. Feb. 17 marks the deadline for Ripple to unseal a series of 2012 documents whose contents will likely sway the opinions of both the […]

Feb 16
BIS-funded financial monitor wants more data to measure risks of Bitcoin

Crypto market data reporting needs global standards to enable proper risk assessment, the FSB declared. 1470 Total views 35 Total shares The Financial Stability Board (FSB), a global financial authority funded by the Bank for International Settlements, has released a new report on the financial stability risks associated with cryptocurrencies. Published on Wednesday, the 30-page […]

Feb 16
Bitcoin price circles $44K as analyst asks, ‘Who remains to sell here?’

The chances of another sell-off to $30,000 are slim, according to on-chain data. 8214 Total views 50 Total shares Bitcoin (BTC) broadly held levels at $44,000 and above on Feb. 16 amid fresh optimism that another macro low would be avoided.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView OBV sparks 2021 recovery comparisons Data from […]

Feb 16
Fed never did it: US Senate Banking head lashes out at Super Bowl crypto ads

The lawmaker claimed that crypto is not real money and companies splurging millions on advertisements proves that. 3165 Total views 25 Total shares The Super Bowl advertisements by crypto companies, including Coinbase, FTX and several others, ruled social media and news headlines for their out-of-the-box approach. However, United States Senate Banking Committee Chief Sherrod Brown was […]

Feb 16
Here’s how much digital yuan used at Olympics, according to PBoC

Foreign users tend to use hardware e-CNY wallets more at the Olympics, while domestic users mainly go for software wallets. 400 Total views 30 Total shares The 2022 Winter Olympics participants, visitors and organizers could be spending more than $300,000 in China’s digital yuan every day, according to new reports citing officials from the People’s […]

Feb 16
Nifty News: Anime-ca Brands, Steve Aoki’s NFTs more profitable than decade of studio albums

Anime and Animoca Brands Blockchain gaming and Metaverse company Animoca Brands has launched a strategic subsidiary in Japan after raising $10 million in seed funding. The new subsidiary, named Animoca Brands KK, plans on expanding popular Japanese content into NFTs, the Metaverse, and fungible tokens through Web3 applications. The content includes anime such as My […]