EU Is Open to Cryptocurrency But With Regulation, Top Official Says
The European Union is open to cryptocurrencies including Bitcoin or a digital euro but regulations must first be strengthened to prevent fraud, EU Commissioner for Home Affairs Ylva Johansson said at the Munich Security Conference Friday.
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👉🏼 @TgBitcoin
The European Union is open to cryptocurrencies including Bitcoin or a digital euro but regulations must first be strengthened to prevent fraud, EU Commissioner for Home Affairs Ylva Johansson said at the Munich Security Conference Friday.
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👉🏼 @TgBitcoin
A Hacker Is Actively Stealing High-Value NFTs From OpenSea Users
A hacker or hackers are actively stealing and flipping high-valued NFTs from users on OpenSea, the world’s largest NFT exchange, causing chaos and confusion in the broader NFT community.
OpenSea says: “We are actively investigating rumors of an exploit associated with OpenSea related smart contracts. This appears to be a phishing attack originating outside of OpenSea's website.
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👉🏼 @TgBitcoin
A hacker or hackers are actively stealing and flipping high-valued NFTs from users on OpenSea, the world’s largest NFT exchange, causing chaos and confusion in the broader NFT community.
OpenSea says: “We are actively investigating rumors of an exploit associated with OpenSea related smart contracts. This appears to be a phishing attack originating outside of OpenSea's website.
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👉🏼 @TgBitcoin
UAE authorities to grant licenses to cryptocompanies operating in the country
The United Arab Emirates hopes to attract more cryptocurrency companies to the country by issuing them special licenses.
The regulatory system is already in the final stages of development, authorities announced.
The new approach will take into account the experience of the U.S., U.K. and Singapore.
The Securities and Exchange Commission and the Central Bank will be in charge of overall control, while regional financial centers will deal with issuing licenses, Bloomberg said.
The official position of Abu Dhabi is to provide the most favorable climate, including for cryptocurrency mining.
Who's going where, but I'm heading to the UAE...
💎 @TgBitcoin
The United Arab Emirates hopes to attract more cryptocurrency companies to the country by issuing them special licenses.
The regulatory system is already in the final stages of development, authorities announced.
The new approach will take into account the experience of the U.S., U.K. and Singapore.
The Securities and Exchange Commission and the Central Bank will be in charge of overall control, while regional financial centers will deal with issuing licenses, Bloomberg said.
The official position of Abu Dhabi is to provide the most favorable climate, including for cryptocurrency mining.
Who's going where, but I'm heading to the UAE...
💎 @TgBitcoin
SafeMoon pump and dump lawsuit targets Jake Paul, Soulja Boy, and others
The new proposed class action alleges that SafeMoon recruited a number of celebrities to lure investors in with misleading promotions.
SafeMoon, a Binance Smart Chain-native cryptocurrency, allegedly recruited a number of celebrities to lure investors in with misleading promotions. Some of the prominent names roped in by the class action include musicians such as Nick Carter, Soulja Boy, Lil Yachty and YouTubers Jake Paul and Ben Phillips.
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👉🏼 @TgBitcoin
The new proposed class action alleges that SafeMoon recruited a number of celebrities to lure investors in with misleading promotions.
SafeMoon, a Binance Smart Chain-native cryptocurrency, allegedly recruited a number of celebrities to lure investors in with misleading promotions. Some of the prominent names roped in by the class action include musicians such as Nick Carter, Soulja Boy, Lil Yachty and YouTubers Jake Paul and Ben Phillips.
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👉🏼 @TgBitcoin
JPMorgan cautions crypto investors about huge losses
The cryptocurrency market likely to further decline as the U.S. Federal Reserve raises interest rates, JPMorgan Chief Global Strategist David Kelly told Business Insider.
He said the Fed's action would end an era of "insane speculation" in the digital asset market.
"I expect a huge decline in the cryptocurrency market because there's nothing there," Kelly noted.
The JPMorgan strategist explained that when interest rates rise, investors quit investing in "crazy ideas" as they prefer projects that produce real economic returns.
💎 @TgBitcoin
The cryptocurrency market likely to further decline as the U.S. Federal Reserve raises interest rates, JPMorgan Chief Global Strategist David Kelly told Business Insider.
He said the Fed's action would end an era of "insane speculation" in the digital asset market.
"I expect a huge decline in the cryptocurrency market because there's nothing there," Kelly noted.
The JPMorgan strategist explained that when interest rates rise, investors quit investing in "crazy ideas" as they prefer projects that produce real economic returns.
💎 @TgBitcoin
Despite Recent Threats From Canadian Officials, ‘Real Crypto’ or Decentralized Assets Cannot Be Frozen
Over the last week, there’s been a lot of discussion about Canada ‘freezing’ digital currency accounts that are associated with the Canadian trucker’s Freedom Convoy. Amid the topical conversation, it should be stressed that decentralized cryptocurrencies like bitcoin and ethereum, cannot be frozen directly within the network. However, the Canadian government can flag specific digital currency addresses and take it even further, by asking centralized entities like crypto exchanges and payment processors to freeze the funds.
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👉🏼 @TgBitcoin
Over the last week, there’s been a lot of discussion about Canada ‘freezing’ digital currency accounts that are associated with the Canadian trucker’s Freedom Convoy. Amid the topical conversation, it should be stressed that decentralized cryptocurrencies like bitcoin and ethereum, cannot be frozen directly within the network. However, the Canadian government can flag specific digital currency addresses and take it even further, by asking centralized entities like crypto exchanges and payment processors to freeze the funds.
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👉🏼 @TgBitcoin
Metamask suggest making a hardware wallet out of an old phone you no longer use.
Anyone care to give it a try?
Personally, I feel it's more reliable to use a real hardware wallet.
💎 @TgBitcoin
Anyone care to give it a try?
Personally, I feel it's more reliable to use a real hardware wallet.
💎 @TgBitcoin
“You want to talk about Bitcoin going to ... $300K, it's going to happen when institutions can finally buy it,” said Kevin O’Leary.
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👉🏼 @TgBitcoin
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👉🏼 @TgBitcoin
Next bitcoin bull run won't happen until end 2024, says top crypto exchange co-founder
Bitcoin may not see a bull market until late 2024, when the next "halving" event is scheduled to take place, Huobi co-founder Du Jun said.
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👉🏼 @TgBitcoin
Bitcoin may not see a bull market until late 2024, when the next "halving" event is scheduled to take place, Huobi co-founder Du Jun said.
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👉🏼 @TgBitcoin
BTC Hash Rate updated to a historical high, miners do not need China
Recall that the hash rate is the computing power of the network. The higher it is, the safer the network is considered.
Despite the current weakening of the BTC exchange rate, the bitcoin network's onchain metrics keep showing high results.
Thus, based on the data of analytical service Glassnode, the hash rate indicator has renewed its record high.
The seven-day average value of this indicator for the BTC network reached 215 EH/s.
When Chinese authorities announced a crusade against miners last year, numerous mining farms and pools across the Celestial Empire were shut down, bringing the average hash rate indicator for the BTC network down to 69 EH/s.
Nevertheless, this indicator subsequently recovered above 180 EH/s, which was a historical high at the time.
💎 @TgBitcoin
Recall that the hash rate is the computing power of the network. The higher it is, the safer the network is considered.
Despite the current weakening of the BTC exchange rate, the bitcoin network's onchain metrics keep showing high results.
Thus, based on the data of analytical service Glassnode, the hash rate indicator has renewed its record high.
The seven-day average value of this indicator for the BTC network reached 215 EH/s.
When Chinese authorities announced a crusade against miners last year, numerous mining farms and pools across the Celestial Empire were shut down, bringing the average hash rate indicator for the BTC network down to 69 EH/s.
Nevertheless, this indicator subsequently recovered above 180 EH/s, which was a historical high at the time.
💎 @TgBitcoin
Mexico's 3rd richest man: Buy Bitcoin , forget about selling, you'll thank me later.
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👉🏼 @TgBitcoin
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👉🏼 @TgBitcoin
Weekly On-Chain Exchange Flow
More inflows of and in exchanges compared to outflows for the past week.
Sellers are the majority as Bitcoin and Ethereum dipped substantial levels.
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👉🏼 @TgBitcoin
More inflows of and in exchanges compared to outflows for the past week.
Sellers are the majority as Bitcoin and Ethereum dipped substantial levels.
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👉🏼 @TgBitcoin
Huobi added Baby Doge Coin to its listing
The Baby Doge Coin (BABYDOGE) token rose 14% to $0.0000000038 in a matter of hours.
On a weekly basis, the token appreciated 4.8%.
Beyond this exchange, BABYDOGE can be bought on Pancakeswap, OKX and BKEX.
Yet, OKX crypto exchange is the leader in terms of token trading volume.
It accounts for almost 34% of the total average daily volume.
Where do you stand on this token?
To me it's better to invest in really worthwhile projects...
💎 @TgBitcoin
The Baby Doge Coin (BABYDOGE) token rose 14% to $0.0000000038 in a matter of hours.
On a weekly basis, the token appreciated 4.8%.
Beyond this exchange, BABYDOGE can be bought on Pancakeswap, OKX and BKEX.
Yet, OKX crypto exchange is the leader in terms of token trading volume.
It accounts for almost 34% of the total average daily volume.
Where do you stand on this token?
To me it's better to invest in really worthwhile projects...
💎 @TgBitcoin
BREAKING: Tether and the city of Lugano🇨🇭are partnering to transform Lugano into the European capital
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👉🏼 @TgBitcoin
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👉🏼 @TgBitcoin
Coinbase doesn't believe Apple and Google can lose their monopoly with Web3
High entry threshold into crypto market bypassing existing centralized providers benefits monopolists like Google and Apple.
That's the conclusion reached by The Verge, citing market representatives.
"Only a handful of companies are fully vertically integrated and can afford to make their own independent decisions," Coinbase noted.
In fact, that means Apple and Google will be the ones setting the rules for content moderation even for the Web3 market, The Verge argued.
Most existing cryptocurrency companies depend on the giants. Coinbase, OpenSea, MetaMask and Rarible have their mobile apps in marketplaces.
Thus, all of them are controlled by the policies of centralized companies, even in spite of their ideological movements of decentralization.
💎 @TgBitcoin
High entry threshold into crypto market bypassing existing centralized providers benefits monopolists like Google and Apple.
That's the conclusion reached by The Verge, citing market representatives.
"Only a handful of companies are fully vertically integrated and can afford to make their own independent decisions," Coinbase noted.
In fact, that means Apple and Google will be the ones setting the rules for content moderation even for the Web3 market, The Verge argued.
Most existing cryptocurrency companies depend on the giants. Coinbase, OpenSea, MetaMask and Rarible have their mobile apps in marketplaces.
Thus, all of them are controlled by the policies of centralized companies, even in spite of their ideological movements of decentralization.
💎 @TgBitcoin
has a week to avoid having its 4th straight red monthly candle for the first time since the 2018 Bear Market
The monthly must close above $38.5k to close green.
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👉🏼 @TgBitcoin
The monthly must close above $38.5k to close green.
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👉🏼 @TgBitcoin
Judging by sentiment the Bottom is near
We could range, ofc, much like in '21 testing S/R on numerous occasions, but there's a lot of data suggesting bottom's in.
You do you, like you always should. But I like to see fear in the market and I am of a different (bullish) opinion.
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👉🏼 @TgBitcoin
We could range, ofc, much like in '21 testing S/R on numerous occasions, but there's a lot of data suggesting bottom's in.
You do you, like you always should. But I like to see fear in the market and I am of a different (bullish) opinion.
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👉🏼 @TgBitcoin
Korea's largest bank to launch the country's first crypto investment fund
Kookmin Bank, South Korea's largest bank by net assets, plans to launch crypto investment products targeted at retail investors, according to an announcement.
The bank has formed a Digital Asset Management Committee with the aim to launch a crypto exchange-traded fund (ETF) and future products as soon as regulation in the country allows.
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👉🏼 @TgBitcoin
Kookmin Bank, South Korea's largest bank by net assets, plans to launch crypto investment products targeted at retail investors, according to an announcement.
The bank has formed a Digital Asset Management Committee with the aim to launch a crypto exchange-traded fund (ETF) and future products as soon as regulation in the country allows.
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👉🏼 @TgBitcoin
"Now is the high time to enter metaverses," CEO of Maff Group
In spite of the fact that this year of 2022 is already proclaimed the time of metaverses explosive development, the real virtual worlds are still far away.
Current computer spaces are quite primitive and limited in scope.
"Now we are witnessing another round of metaverse development. It really is more visible than before. It's inspiring more and more people and companies. But we're still far technologically and ideologically from the metaverse that is set to be unprecedentedly popular. It's like the Internet in the '90s. Is it perfect? No! But do we need to dive into mastering it and doing our part in creating it? Definitely yes! It is neither too early nor too late," commented Alexey Pomykanov.
The metaverse market is still fairly young with no clear monopolists, so now is the best time to develop business in this direction.
💎 @TgBitcoin
In spite of the fact that this year of 2022 is already proclaimed the time of metaverses explosive development, the real virtual worlds are still far away.
Current computer spaces are quite primitive and limited in scope.
"Now we are witnessing another round of metaverse development. It really is more visible than before. It's inspiring more and more people and companies. But we're still far technologically and ideologically from the metaverse that is set to be unprecedentedly popular. It's like the Internet in the '90s. Is it perfect? No! But do we need to dive into mastering it and doing our part in creating it? Definitely yes! It is neither too early nor too late," commented Alexey Pomykanov.
The metaverse market is still fairly young with no clear monopolists, so now is the best time to develop business in this direction.
💎 @TgBitcoin
Nexo rolled back its interest-bearing deposit service for U.S. customers
Cryptocurrency lending platform Nexo has ceased to provide interest-bearing deposit services for all first-time users from the US.
The company announced this on its forum thread on Reddit.
A company spokesperson claimed the changes only affected the deposit service for new U.S. users.
However, he didn't explain what exactly was the reason for the changes.
How long the restrictions would last also remains unclear.
The changes occur amid news that another cryptocurrency lending company, BlockFi, may settle claims from the U.S. Securities and Exchange Commission (SEC) for $100 million.
However, there is still no word on whether a final decision has been made to pay the fine.
💎 @TgBitcoin
Cryptocurrency lending platform Nexo has ceased to provide interest-bearing deposit services for all first-time users from the US.
The company announced this on its forum thread on Reddit.
A company spokesperson claimed the changes only affected the deposit service for new U.S. users.
However, he didn't explain what exactly was the reason for the changes.
How long the restrictions would last also remains unclear.
The changes occur amid news that another cryptocurrency lending company, BlockFi, may settle claims from the U.S. Securities and Exchange Commission (SEC) for $100 million.
However, there is still no word on whether a final decision has been made to pay the fine.
💎 @TgBitcoin