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
Another AMA with a Consultant to the TON Foundation and founder of Tonic (The Open Network Independent Cooperative)
Ilya Mouzykantskii, a consultant to the , is going to represent TON in an AMA today at 4:00 pm (UTC).
The AMA’s organizers are crypto community Decentralizedclub.net and will be hosting the conversation in their community channel .
There will also be prizes for asking the best and most interesting questions:
— The 5 most interesting questions from the audience in Telegram will win $10.
— The 5 most interesting questions from the audience on Twitter will win $10.
To submit a question on Twitter, go to this link:
https://twitter.com/dens_club/status/1494334434388033546?t=rhHHTdqXQka4n-etfGP_8Q&s=19
To submit questions in Telegram, you can do so in the community’s channel: .
Please note:
To qualify for a prize, you must follow and be subscribed to the following Telegram channels and Twitter pages:
https://twitter.com/dens_club
https://twitter.com/ton_blockchain
💎 @TgBitcoin
Ilya Mouzykantskii, a consultant to the , is going to represent TON in an AMA today at 4:00 pm (UTC).
The AMA’s organizers are crypto community Decentralizedclub.net and will be hosting the conversation in their community channel .
There will also be prizes for asking the best and most interesting questions:
— The 5 most interesting questions from the audience in Telegram will win $10.
— The 5 most interesting questions from the audience on Twitter will win $10.
To submit a question on Twitter, go to this link:
https://twitter.com/dens_club/status/1494334434388033546?t=rhHHTdqXQka4n-etfGP_8Q&s=19
To submit questions in Telegram, you can do so in the community’s channel: .
Please note:
To qualify for a prize, you must follow and be subscribed to the following Telegram channels and Twitter pages:
https://twitter.com/dens_club
https://twitter.com/ton_blockchain
💎 @TgBitcoin
According to Glassnode, the supply of bitcoins that have been held for more than half a year has reached a record high, about 76.5%; the current supply of bitcoins that have been held for more than 10 years is about 12.6%, about 2.39 million BTC.
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👉🏼 @TgBitcoin
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👉🏼 @TgBitcoin
JUST IN: Austrian programmer and ex crypto CEO allegedly stole $11 billion .
Toby Hoenisch, a 36-year-old programmer who grew up in Austria and was living in Singapore at the time of the hack. Until now, he has been best known for his role as a cofounder and CEO of TenX, which raised $80 million in a 2017 initial coin offering to build a crypto debit card—an effort that failed. The market cap of those tokens, which spiked at $535 million, now sits at just $11 million.
🔗 Full Article from Laura Shin
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👉🏼 @TgBitcoin
Toby Hoenisch, a 36-year-old programmer who grew up in Austria and was living in Singapore at the time of the hack. Until now, he has been best known for his role as a cofounder and CEO of TenX, which raised $80 million in a 2017 initial coin offering to build a crypto debit card—an effort that failed. The market cap of those tokens, which spiked at $535 million, now sits at just $11 million.
🔗 Full Article from Laura Shin
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👉🏼 @TgBitcoin
Analysts named a condition for bitcoin's comeback to growth
Bitcoin is fully correlated with the stock market and particularly with the index S & P 500, according to the analytical company Santiment.
In analysts' opinion, the latest fall in the cryptocurrency's value below $40,000 is due to the decline in the stock market.
As long as the correlation of cryptocurrencies with the stock market will be at a high level bitcoin has no chance to return to growth.
On February 20, bitcoin price fell to $38 thousand for the first time since the beginning of the month.
During the week the asset has fallen in price by 8%.
💎 @TgBitcoin
Bitcoin is fully correlated with the stock market and particularly with the index S & P 500, according to the analytical company Santiment.
In analysts' opinion, the latest fall in the cryptocurrency's value below $40,000 is due to the decline in the stock market.
As long as the correlation of cryptocurrencies with the stock market will be at a high level bitcoin has no chance to return to growth.
On February 20, bitcoin price fell to $38 thousand for the first time since the beginning of the month.
During the week the asset has fallen in price by 8%.
💎 @TgBitcoin
🇸🇻 EL Salvador Proposes Offering Citizenship To Foreign Investors
The Salvadoran president had promised that he intends to make El Salvador a freedom-centric country in such a time when other countries in the world have fallen into “Tyranny”.
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👉🏼 @TgBitcoin
The Salvadoran president had promised that he intends to make El Salvador a freedom-centric country in such a time when other countries in the world have fallen into “Tyranny”.
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👉🏼 @TgBitcoin
The world's largest crypto asset manager launches a first-of-its-kind campaign to help push for SEC approval of a spot bitcoin ETF
Grayscale Investments, the world's largest crypto asset manager, has launched a first-of-its-kind campaign to help push for the approval of a spot bitcoin ETF by the Securities and Exchange Commission.
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👉🏼 @TgBitcoin
Grayscale Investments, the world's largest crypto asset manager, has launched a first-of-its-kind campaign to help push for the approval of a spot bitcoin ETF by the Securities and Exchange Commission.
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👉🏼 @TgBitcoin
Here's a really interesting chart I just found.
Comparing the amount of stablecoins on exchanges relative to Bitcoin's market cap gives what I'm calling "Dry Powder Ratio"
Currently at an all-time high, this shows there's a lot of dry powder ready to be deployed.
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👉🏼 @TgBitcoin
Comparing the amount of stablecoins on exchanges relative to Bitcoin's market cap gives what I'm calling "Dry Powder Ratio"
Currently at an all-time high, this shows there's a lot of dry powder ready to be deployed.
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👉🏼 @TgBitcoin
and US stocks are highly correlated lately. It hits the all-time high today.
📈 Good News: BTC is getting adopted by traditional institutions. Its ownership is changing by new players who trade stocks.
📉 Bad News: BTC is not a safe-haven asset. For now.
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👉🏼 @TgBitcoin
📈 Good News: BTC is getting adopted by traditional institutions. Its ownership is changing by new players who trade stocks.
📉 Bad News: BTC is not a safe-haven asset. For now.
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👉🏼 @TgBitcoin
Fed heads are no longer officially allowed to trade in cryptocurrencies
Until recently, officials holding high positions at the Fed had no right to trade only stocks, currencies, bonds and other financial instruments.
From now on, due to new rules coming into effect on May 1, cryptocurrencies will be added to that list.
Officials will have exactly one year to get rid of all assets.
Previously, many high-ranking officials have been caught insider trading on more than one occasion, after which they had to resign.
💎 @TgBitcoin
Until recently, officials holding high positions at the Fed had no right to trade only stocks, currencies, bonds and other financial instruments.
From now on, due to new rules coming into effect on May 1, cryptocurrencies will be added to that list.
Officials will have exactly one year to get rid of all assets.
Previously, many high-ranking officials have been caught insider trading on more than one occasion, after which they had to resign.
💎 @TgBitcoin
PARSIQ assists developers in bridging the gap between Web 3.0 and Web 2.0
PARSIQ is a project founded in 2018 with the support of Binance.
It is a Web3 data platform that helps users create functionality based on blockchain data.
The goal of the platform is to simplify as much as possible to save time for developers. It is achieved via a special tool PARSIQ - Trigger Wizard.
Trigger Wizard helps create smart triggers for situations such as:
User notifications:
Sending real-time alerts to users when any specific events occur.
Product functionality extension:
Building capabilities based on blockchain data without having to write special code.
Risk management:
Immediate tracking of questionable transactions and blacklisted accounts.
💎 @TgBitcoin
PARSIQ is a project founded in 2018 with the support of Binance.
It is a Web3 data platform that helps users create functionality based on blockchain data.
The goal of the platform is to simplify as much as possible to save time for developers. It is achieved via a special tool PARSIQ - Trigger Wizard.
Trigger Wizard helps create smart triggers for situations such as:
User notifications:
Sending real-time alerts to users when any specific events occur.
Product functionality extension:
Building capabilities based on blockchain data without having to write special code.
Risk management:
Immediate tracking of questionable transactions and blacklisted accounts.
💎 @TgBitcoin
Higher relative level of stables on exchanges available than in the July bottom and nearly 4 times the expression of bid vs ask interest on cumulative spot order books.
But some of the same people who bet the farm in November now capitulated and are pipe dreaming to rebuy lower.
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👉🏼 @TgBitcoin
But some of the same people who bet the farm in November now capitulated and are pipe dreaming to rebuy lower.
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👉🏼 @TgBitcoin
Am bullish BTC over next few months.
Strong holding behavior on-chain paired with a lot of relative dry powder sitting on exchanges, stacked bidside in order books, & prolonged regime of spot premium over perps. March will be here next week, max hawkishness likely priced in.
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👉🏼 @TgBitcoin
Strong holding behavior on-chain paired with a lot of relative dry powder sitting on exchanges, stacked bidside in order books, & prolonged regime of spot premium over perps. March will be here next week, max hawkishness likely priced in.
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👉🏼 @TgBitcoin
Breaking: Mexican Senator Hints His Country Might Be Next To Legalize Bitcoin
El Salvador continues to champion crypto adoption among other nation-states. inspired by the Central American country, Indira Kempis, a Mexican Senator, has said that Mexico needs Bitcoin to be legal. The senator is developing a cryptocurrency bill that is based on El Salvador’s Bitcoin Law.
Kempis: Mexicans can get financial inclusion with Bitcoin
Kempis noted her optimism for Bitcoin adoption in an interview given during her visit to El Salvador.
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👉🏼 @TgBitcoin
El Salvador continues to champion crypto adoption among other nation-states. inspired by the Central American country, Indira Kempis, a Mexican Senator, has said that Mexico needs Bitcoin to be legal. The senator is developing a cryptocurrency bill that is based on El Salvador’s Bitcoin Law.
Kempis: Mexicans can get financial inclusion with Bitcoin
Kempis noted her optimism for Bitcoin adoption in an interview given during her visit to El Salvador.
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👉🏼 @TgBitcoin
Unregulated mining growth threatens energy markets — Fitch
Experts estimate that cryptocurrency ecosystems consume about 04-1% of global electricity. Such figures stem from the fact that electricity accounts for up to 90% of the financial costs of cryptocurrency mining.
Analysts believe the uncontrollable growth of demand in the cryptocurrency market could disrupt the energy sector.
However, Fitch doubts whether mining can further develop in the international arena without regulatory pressure.
Thus, according to experts, the crypto market in the long term will gain mass acceptance, leading to the predictability of the movement of quotations.
In this case, many aspects, including mining, will fall under strict control of regulators, summarized in Fitch.
💎 @TgBitcoin
Experts estimate that cryptocurrency ecosystems consume about 04-1% of global electricity. Such figures stem from the fact that electricity accounts for up to 90% of the financial costs of cryptocurrency mining.
Analysts believe the uncontrollable growth of demand in the cryptocurrency market could disrupt the energy sector.
However, Fitch doubts whether mining can further develop in the international arena without regulatory pressure.
Thus, according to experts, the crypto market in the long term will gain mass acceptance, leading to the predictability of the movement of quotations.
In this case, many aspects, including mining, will fall under strict control of regulators, summarized in Fitch.
💎 @TgBitcoin
🌍 Legal Status of Bitcoin by Country (2022)
Green: Legal to use Bitcoin
Yellow: Restrictions on usage of Bitcoin
Red: Full partial prohibition.
Gray: No data available.
🖊 Keep in mind all of these statuses can change by the stroke of a pen.
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👉🏼 @TgBitcoin
Green: Legal to use Bitcoin
Yellow: Restrictions on usage of Bitcoin
Red: Full partial prohibition.
Gray: No data available.
🖊 Keep in mind all of these statuses can change by the stroke of a pen.
➡️
👉🏼 @TgBitcoin
Canadian Regulator Alerts Police to Tweets by Coinbase and Kraken Advocating Non-Custodial Wallets
Canada’s securities regulator has flagged tweets by Coinbase CEO Brian Armstrong and Kraken CEO Jesse Powell encouraging people to use non-custodial wallets to evade freeze orders by the Trudeau government. “We are aware of this information and have shared it with the RCMP and relevant federal authorities,” said the Canadian regulator.
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👉🏼 @TgBitcoin
Canada’s securities regulator has flagged tweets by Coinbase CEO Brian Armstrong and Kraken CEO Jesse Powell encouraging people to use non-custodial wallets to evade freeze orders by the Trudeau government. “We are aware of this information and have shared it with the RCMP and relevant federal authorities,” said the Canadian regulator.
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👉🏼 @TgBitcoin
Over $450M In Liquidations – Bitcoin, Ether, Cardano, XRP Lose Billions Amid Russia’s Invasion Of Ukraine
$425.12M worth of crypto has been “rekt” since last night with 140,732 traders being liquidated in the past 24 hours according to CoinGlass data. While the largest single liquidation order happened on Bitfinex where valued at $3.21M was liquidated, Bitcoin and Ethereum also suffered immensely after losing $129.95M and $116.68M during the sell-off.
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👉🏼 @TgBitcoin
$425.12M worth of crypto has been “rekt” since last night with 140,732 traders being liquidated in the past 24 hours according to CoinGlass data. While the largest single liquidation order happened on Bitfinex where valued at $3.21M was liquidated, Bitcoin and Ethereum also suffered immensely after losing $129.95M and $116.68M during the sell-off.
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👉🏼 @TgBitcoin