📜 Daily News 10/02/2022
1️⃣ Former Domino’s Pizza VP Joins FriesDAO as Advisor
Decentralized autonomous organizations come in all shapes, sizes, and tastes. Speaking of tastes, FriesDAO announced today that Kory Spiroff, a former vice president of Domino's Pizza, has joined the group as an advisor.
2️⃣ Bitcoin Trades More Like Risk Asset Than Inflation Hedge, Says Bank Of America
While Bitcoiners often advertize the cryptocurrency as an anti-inflationary “digital gold,” Bank of America says it trades like nothing of the sort.
A recent company report indicates that the crypto asset moves far more similarly to risk assets such as equities, and reached all-time high correlations with the S&P 500 by the end of January.
3️⃣ Gucci Buys Land in Ethereum Game The Sandbox to Create Metaverse Experiences
Gucci is doubling down on its commitment to the metaverse. The designer clothing brand announced on Wednesday that it’s bought an undisclosed amount of virtual land on the decentralized blockchain game The Sandbox. Gucci will create themed experiences on The Sandbox inspired by its “Gucci Vault” platform, which lists items like Gucci-themed NFTs and vintage bags.
4️⃣ Shiba Inu Sets Course for Meme Coin Metaverse as Doge Killer Token Jumps 48%
The world of meme coins is now entering the metaverse. The team behind Shiba Inu, an Ethereum-based token that arguably has little utility but is the 13th biggest cryptocurrency with a market cap of $18.4 billion, have announced a virtual land project.
5️⃣ CFTC Wants Larger Role in Crypto Regulation—And Sam Bankman-Fried Agrees
Rostin Behnam, chairman of the Commodities and Futures Trading Commission (CFTC), is pushing for his agency to take a leading role in regulating digital assets. He maintains that his agency is well positioned to provide market protection for consumers and reduce risks in the space.
6️⃣ Why the Senate Agriculture Committee Holds Crypto Hearings
Rostin Behnam, the chair of the U.S. Commodity Futures Trading Commission, was on Capitol Hill this morning to argue that his agency needs added legislative authority in order to effectively regulate cryptocurrency markets.
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1️⃣ Former Domino’s Pizza VP Joins FriesDAO as Advisor
Decentralized autonomous organizations come in all shapes, sizes, and tastes. Speaking of tastes, FriesDAO announced today that Kory Spiroff, a former vice president of Domino's Pizza, has joined the group as an advisor.
2️⃣ Bitcoin Trades More Like Risk Asset Than Inflation Hedge, Says Bank Of America
While Bitcoiners often advertize the cryptocurrency as an anti-inflationary “digital gold,” Bank of America says it trades like nothing of the sort.
A recent company report indicates that the crypto asset moves far more similarly to risk assets such as equities, and reached all-time high correlations with the S&P 500 by the end of January.
3️⃣ Gucci Buys Land in Ethereum Game The Sandbox to Create Metaverse Experiences
Gucci is doubling down on its commitment to the metaverse. The designer clothing brand announced on Wednesday that it’s bought an undisclosed amount of virtual land on the decentralized blockchain game The Sandbox. Gucci will create themed experiences on The Sandbox inspired by its “Gucci Vault” platform, which lists items like Gucci-themed NFTs and vintage bags.
4️⃣ Shiba Inu Sets Course for Meme Coin Metaverse as Doge Killer Token Jumps 48%
The world of meme coins is now entering the metaverse. The team behind Shiba Inu, an Ethereum-based token that arguably has little utility but is the 13th biggest cryptocurrency with a market cap of $18.4 billion, have announced a virtual land project.
5️⃣ CFTC Wants Larger Role in Crypto Regulation—And Sam Bankman-Fried Agrees
Rostin Behnam, chairman of the Commodities and Futures Trading Commission (CFTC), is pushing for his agency to take a leading role in regulating digital assets. He maintains that his agency is well positioned to provide market protection for consumers and reduce risks in the space.
6️⃣ Why the Senate Agriculture Committee Holds Crypto Hearings
Rostin Behnam, the chair of the U.S. Commodity Futures Trading Commission, was on Capitol Hill this morning to argue that his agency needs added legislative authority in order to effectively regulate cryptocurrency markets.
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3AM Capital Channel pinned «📜 Daily News 10/02/2022 1️⃣ Former Domino’s Pizza VP Joins FriesDAO as Advisor Decentralized autonomous organizations come in all shapes, sizes, and tastes. Speaking of tastes, FriesDAO announced today that Kory Spiroff, a former vice president of Domino's…»
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Over $50 Million in Crypto Donations Pour Into Ukraine Following Russian Invasion
More than $50 million worth of cryptocurrency — primarily Bitcoin and Ethereum — has been donated in support of Ukraine’s resistance to Russia’s invasion over the last few days.
The official Twitter account of the Ukrainian government shared two cryptocurrency wallet addresses on Saturday to receive donations of Bitcoin, Ethereum, and Tether. According to research from blockchain analytics firm Elliptic, those wallets have attracted $54.7 million worth of crypto so far.
The prices of Bitcoin and Ethereum plunged Wednesday night after news that Russia had invaded Ukraine. Bitcoin dropped back below $35,000, and Ethereum dropped below $2,400 — though both had risen by Friday afternoon. As of Monday morning, Bitcoin was back over $40,000 and Ethereum was near $2,800.
More than $50 million worth of cryptocurrency — primarily Bitcoin and Ethereum — has been donated in support of Ukraine’s resistance to Russia’s invasion over the last few days.
The official Twitter account of the Ukrainian government shared two cryptocurrency wallet addresses on Saturday to receive donations of Bitcoin, Ethereum, and Tether. According to research from blockchain analytics firm Elliptic, those wallets have attracted $54.7 million worth of crypto so far.
The prices of Bitcoin and Ethereum plunged Wednesday night after news that Russia had invaded Ukraine. Bitcoin dropped back below $35,000, and Ethereum dropped below $2,400 — though both had risen by Friday afternoon. As of Monday morning, Bitcoin was back over $40,000 and Ethereum was near $2,800.
Bitcoin Falls 5% as Nuclear Plant in Ukraine Attacked
Stock markets in Asia had fallen substantially as the news emerged, prompting Bitcoin to do the same. This may indicate the decoupling between crypto and equities has been short-lived.
Bitcoin plunged 5% in the early hours of Friday morning following a dramatic development in the Ukraine invasion.
The world's biggest cryptocurrency sank to lows of $41,000 after Europe's largest nuclear power plant, which is based in Ukraine, came under heavy shelling from Russian forces.
This subsequently led to a fire in a training building, and sparked fears that one of the site's nuclear reactors was damaged.
Although no increase in radiation levels has been detected, and the U.S. has confirmed that the reactors are now being shut down, Ukrainian President Volodomyr Zelenskyy warned a catastrophe at the power station could lead to "the death of Europe."
"If it blows up, it will be 10 times larger than Chernobyl."
Stock markets in Asia had fallen substantially as the news emerged, prompting Bitcoin to do the same. This may indicate the decoupling between crypto and equities has been short-lived.
Bitcoin plunged 5% in the early hours of Friday morning following a dramatic development in the Ukraine invasion.
The world's biggest cryptocurrency sank to lows of $41,000 after Europe's largest nuclear power plant, which is based in Ukraine, came under heavy shelling from Russian forces.
This subsequently led to a fire in a training building, and sparked fears that one of the site's nuclear reactors was damaged.
Although no increase in radiation levels has been detected, and the U.S. has confirmed that the reactors are now being shut down, Ukrainian President Volodomyr Zelenskyy warned a catastrophe at the power station could lead to "the death of Europe."
"If it blows up, it will be 10 times larger than Chernobyl."
Cryptocurrency Prices Today: BTC, ETH dip marginally as Cardano rises :-
Bitcoin's market dominance fell 0.24 percent to 42.18 percent and the currency was trading at $39,395.22 on the morning of March 6. Bitcoin declined 0.61 percent, while ethereum fell 0.03 percent. Cardano was up 1.27 percent avalanche fell 0.02 percent. Polkadot was up 1.08 percent and litecoin rose 0.86 percent in the last 24 hours. Tether was down 0.19 percent
Bitcoin's market dominance fell 0.24 percent to 42.18 percent and the currency was trading at $39,395.22 on the morning of March 6. Bitcoin declined 0.61 percent, while ethereum fell 0.03 percent. Cardano was up 1.27 percent avalanche fell 0.02 percent. Polkadot was up 1.08 percent and litecoin rose 0.86 percent in the last 24 hours. Tether was down 0.19 percent
Visa, Mastercard Join PayPal in Suspending Russian Operations
Visa, Mastercard and PayPal are all suspending operations in Russia, the companies announced on March 5, citing the Russian invasion of Ukraine. Visa will begin working to discontinue transactions in Russia but it will take a few days, according to a press statement. Mastercard said it would suspend all its network services in Russia, which sent military forces into Ukraine at the end of February."Once complete, all transactions initiated with Visa cards issued in Russia will no longer work outside the country and any Visa cards issued by financial institutions outside of Russia will no longer work within the Russian Federation," said Visa's statement, which was attributed to global communications vice president Andy Gerlt
Visa, Mastercard and PayPal are all suspending operations in Russia, the companies announced on March 5, citing the Russian invasion of Ukraine. Visa will begin working to discontinue transactions in Russia but it will take a few days, according to a press statement. Mastercard said it would suspend all its network services in Russia, which sent military forces into Ukraine at the end of February."Once complete, all transactions initiated with Visa cards issued in Russia will no longer work outside the country and any Visa cards issued by financial institutions outside of Russia will no longer work within the Russian Federation," said Visa's statement, which was attributed to global communications vice president Andy Gerlt
3AM Capital Channel pinned «Visa, Mastercard Join PayPal in Suspending Russian Operations Visa, Mastercard and PayPal are all suspending operations in Russia, the companies announced on March 5, citing the Russian invasion of Ukraine. Visa will begin working to discontinue transactions…»
Bitcoin below $39,000; dogecoin, Shiba Inu, Solana also plunge. Check cryptocurrency prices today
The world's biggest cryptocurrency Bitcoin is down around 17% in 2022
In cryptocurrencies, Bitcoin price today plunged below the $39,000 level after remaining volatile in the past few sessions. The world's most popular and largest cryptocurrency was trading over 3% lower at $38,315. The digital token is down about 17% in 2022 (year-to-date or YTD) so far. However, it is about 30% far away from its record high of near $69,000 it had hit in November last year.
Meanwhile, the global cryptocurrency market capitalisation remained below the $2 trillion mark, as it was down over 4% in the last 24 hours at $1.79 trillion, as per CoinGecko.
Ether, the coin linked to the ethereum blockchain and the second-largest cryptocurrency in terms of market capitalization, also declined over 4% to $2,545. On the other hand, dogecoin price also tanked 4% at $0.12 whereas Shiba Inu plummeted more than 5% to $0.000023.
The world's biggest cryptocurrency Bitcoin is down around 17% in 2022
In cryptocurrencies, Bitcoin price today plunged below the $39,000 level after remaining volatile in the past few sessions. The world's most popular and largest cryptocurrency was trading over 3% lower at $38,315. The digital token is down about 17% in 2022 (year-to-date or YTD) so far. However, it is about 30% far away from its record high of near $69,000 it had hit in November last year.
Meanwhile, the global cryptocurrency market capitalisation remained below the $2 trillion mark, as it was down over 4% in the last 24 hours at $1.79 trillion, as per CoinGecko.
Ether, the coin linked to the ethereum blockchain and the second-largest cryptocurrency in terms of market capitalization, also declined over 4% to $2,545. On the other hand, dogecoin price also tanked 4% at $0.12 whereas Shiba Inu plummeted more than 5% to $0.000023.
Binance Launches Fiat-to-Crypto Payments Platform
Binance has announced that it is launching its own fiat-to-crypto payments platform that is designed to "connect businesses, merchants and millions of users to the world of crypto and blockchain."
The new service — known as Bifinity — aims to help companies get "crypto ready," putting them in a position where they will be able to accept digital assets as a payment method.
More than 50 cryptocurrencies are being supported by this new payments provider — alongside major, more traditional networks offered by the likes of Visa and Mastercard. Bifinity also promises to offer low-cost payment processing for merchants and a "top-tier" KYC onboarding process.
Binance has announced that it is launching its own fiat-to-crypto payments platform that is designed to "connect businesses, merchants and millions of users to the world of crypto and blockchain."
The new service — known as Bifinity — aims to help companies get "crypto ready," putting them in a position where they will be able to accept digital assets as a payment method.
More than 50 cryptocurrencies are being supported by this new payments provider — alongside major, more traditional networks offered by the likes of Visa and Mastercard. Bifinity also promises to offer low-cost payment processing for merchants and a "top-tier" KYC onboarding process.
Limiting Proof-of-Work Crypto Back on the Table as EU Parliament Prepares Virtual Currencies Vote
The latest draft of the European Union's (EU) proposed legislative framework for governing virtual currencies, Markets in Crypto Assets (MiCA), still contains a provision that could limit the use of proof-of-work cryptocurrencies.
Proof-of-work is the energy-intensive consensus mechanism that underlies popular cryptocurrencies like bitcoin and ether. The computing process has come under heavy scrutiny from lawmakers in the EU over energy concerns.
A previous draft of the MiCA framework contained a strongly worded provision that proposed a prohibition of crypto services that rely on environmentally unsustainable consensus mechanisms starting in January 2025. But the provision was later scrapped following industry backlash.
The latest draft of the European Union's (EU) proposed legislative framework for governing virtual currencies, Markets in Crypto Assets (MiCA), still contains a provision that could limit the use of proof-of-work cryptocurrencies.
Proof-of-work is the energy-intensive consensus mechanism that underlies popular cryptocurrencies like bitcoin and ether. The computing process has come under heavy scrutiny from lawmakers in the EU over energy concerns.
A previous draft of the MiCA framework contained a strongly worded provision that proposed a prohibition of crypto services that rely on environmentally unsustainable consensus mechanisms starting in January 2025. But the provision was later scrapped following industry backlash.
3AM Capital Channel pinned «Limiting Proof-of-Work Crypto Back on the Table as EU Parliament Prepares Virtual Currencies Vote The latest draft of the European Union's (EU) proposed legislative framework for governing virtual currencies, Markets in Crypto Assets (MiCA), still contains…»
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💌 Greetings Gracers,
We have important news to share with you guys!
All payment request till today has been done, please check this transaction hash below to see if you receive the tokens 😉
https://polygonscan.com/tx/0xa47d61c1fd1c51f6bb98a356b72ced52694201ab497266a366251cd879e5902c
Have a nice day everyone! ❤️
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Polygon Transaction Hash (Txhash) Details | PolygonScan
Polygon (MATIC) detailed transaction info for txhash 0xa47d61c1fd1c51f6bb98a356b72ced52694201ab497266a366251cd879e5902c. The transaction status, block confirmation, gas fee, MATIC, and token transfer are shown.
Tennis champion Naomi Osaka signs up to FTX's sports celebrity roster to help get more women into crypto :-
Four-time Grand Slam champion Naomi Osaka has become the latest sports celebrity to partner with FTX.
The tennis star will receive an equity stake in the crypto platform and be compensated in cryptocurrency, FTX said Monday.
Osaka will further FTX's goal of getting more diverse voices involved in crypto's future, the company said.
Four-time Grand Slam champion Naomi Osaka has become the latest sports celebrity to partner with FTX.
The tennis star will receive an equity stake in the crypto platform and be compensated in cryptocurrency, FTX said Monday.
Osaka will further FTX's goal of getting more diverse voices involved in crypto's future, the company said.