Alfa-Bank, one of the major Russian banking institutions, has established its own platform for digital financial assets. The launch became possible after Russia’s monetary authority added Alfa-Bank to its register of digital asset issuers this week.
https://news.bitcoin.com/russias-largest-private-bank-launches-digital-asset-platform/
https://news.bitcoin.com/russias-largest-private-bank-launches-digital-asset-platform/
🤔3👍2❤1🥰1🙏1
🇭🇰 Hong Kong Aspires To Become A Crypto Powerhouse Despite An Industry Crisis In 2022
Hong Kong is doing its utmost to offer enough supervision to the crypto market in order to unlock the potential of technologies like Web3. The new regulatory framework aims to provide bitcoin exchanges with the same market recognition that established financial institutions already have.
According to Paul Chan, the financial secretary, the local government and regulators are open to working with crypto and fintech businesses in 2023. On Radio Television Hong Kong (RTHK), Chan remarked at an event held by the state-run incubator Cyberport that Hong Kong has become a foundation connecting high-quality virtual asset enterprises. Despite the current business crisis caused by the FTX crash, the Hong Kong government remains dedicated to the development of cryptocurrency infrastructure.
Hong Kong is doing its utmost to offer enough supervision to the crypto market in order to unlock the potential of technologies like Web3. The new regulatory framework aims to provide bitcoin exchanges with the same market recognition that established financial institutions already have.
According to Paul Chan, the financial secretary, the local government and regulators are open to working with crypto and fintech businesses in 2023. On Radio Television Hong Kong (RTHK), Chan remarked at an event held by the state-run incubator Cyberport that Hong Kong has become a foundation connecting high-quality virtual asset enterprises. Despite the current business crisis caused by the FTX crash, the Hong Kong government remains dedicated to the development of cryptocurrency infrastructure.
👍2🤔2❤1🔥1🎉1
Uzbekistan Collects Over $300,000 From Crypto Sector
While operations with digital assets are not taxed in Uzbekistan, the government is receiving a growing amount of revenues from the industry. The increase in budget receipts has been attributed to the licensing regime and the introduction of fees for crypto companies.
Licensed crypto firms have paid 3.5 billion Uzbekistani som (more than $310,000) to the budget in the course of 2022, Uzbekistan’s regulatory authority responsible for the oversight in the sector revealed during a press conference, quoted by the crypto news outlet Forklog.
At the briefing, the National Agency of Perspective Projects (NAPP), a body subordinated to the president, announced the results of its activities. Officials said that the government has been able to collect the money thanks to the revamped licensing system and the imposing of fees for businesses working with digital assets.
Five crypto platforms are currently authorized to legally operate in the country and they have paid the said total. These are the state-controlled exchange Uznex and four smaller exchanges – Crypto Trade NET, Crypto Market, Crypto Express, and Coinpay.
Since October, crypto service providers in Uzbekistan are required to pay fixed monthly fees for their activities. These range between over $10,000 for cryptocurrency exchanges like Uznex and around $500 for the smaller trading platforms, also referred to as “crypto shops.”
At the same time, operations of individuals and organizations related to crypto transactions are subject to taxation in the Central Asian nation, even when carried out by non-residents and companies based in other jurisdictions, according to the current law.
However, the government in Tashkent has previously warned Uzbekistan’s citizens to avoid unlicensed exchange services. In August 2022, it tried to restrict access to online trading sites based outside the country. Uzbekistanis were allowed to buy and sell coins on domestic exchanges in November, 2021.
The NAPP also noted that 80% of the fees paid by the licensed crypto firms go to the state budget, while the remaining 20% are transferred to its own accounts. In late June, 2022, the agency presented registration requirements for miners who are relieved from taxation as well. Cryptocurrencies, mining and trading were regulated with a presidential decree issued two months earlier.
https://t.me/bitcoin_day
While operations with digital assets are not taxed in Uzbekistan, the government is receiving a growing amount of revenues from the industry. The increase in budget receipts has been attributed to the licensing regime and the introduction of fees for crypto companies.
Licensed crypto firms have paid 3.5 billion Uzbekistani som (more than $310,000) to the budget in the course of 2022, Uzbekistan’s regulatory authority responsible for the oversight in the sector revealed during a press conference, quoted by the crypto news outlet Forklog.
At the briefing, the National Agency of Perspective Projects (NAPP), a body subordinated to the president, announced the results of its activities. Officials said that the government has been able to collect the money thanks to the revamped licensing system and the imposing of fees for businesses working with digital assets.
Five crypto platforms are currently authorized to legally operate in the country and they have paid the said total. These are the state-controlled exchange Uznex and four smaller exchanges – Crypto Trade NET, Crypto Market, Crypto Express, and Coinpay.
Since October, crypto service providers in Uzbekistan are required to pay fixed monthly fees for their activities. These range between over $10,000 for cryptocurrency exchanges like Uznex and around $500 for the smaller trading platforms, also referred to as “crypto shops.”
At the same time, operations of individuals and organizations related to crypto transactions are subject to taxation in the Central Asian nation, even when carried out by non-residents and companies based in other jurisdictions, according to the current law.
However, the government in Tashkent has previously warned Uzbekistan’s citizens to avoid unlicensed exchange services. In August 2022, it tried to restrict access to online trading sites based outside the country. Uzbekistanis were allowed to buy and sell coins on domestic exchanges in November, 2021.
The NAPP also noted that 80% of the fees paid by the licensed crypto firms go to the state budget, while the remaining 20% are transferred to its own accounts. In late June, 2022, the agency presented registration requirements for miners who are relieved from taxation as well. Cryptocurrencies, mining and trading were regulated with a presidential decree issued two months earlier.
https://t.me/bitcoin_day
Telegram
$BTC daily
Daily source of news in the industry.
Admin: @typencrypt
Admin: @typencrypt
👏2🤩2🥰1🤯1🙏1
Ordinals inscriptions, viewed as a kind of Bitcoin-native NFTs, are picking up steam among some Bitcoin circles, even though the procedures to issue them are far from user-friendly. The protocol, which was unveiled in January, has already served to bring more than 7,000 inscriptions directly to the Bitcoin chain, with some collections already present.
https://news.bitcoin.com/more-than-7000-ordinals-inscription-have-already-been-included-on-the-bitcoin-blockchain/
https://news.bitcoin.com/more-than-7000-ordinals-inscription-have-already-been-included-on-the-bitcoin-blockchain/
🔥2🤔2❤1👏1💩1
🇭🇰 Hong Kong Aspires To Become A Crypto Powerhouse Despite An Industry Crisis In 2022
Hong Kong is doing its utmost to offer enough supervision to the crypto market in order to unlock the potential of technologies like Web3. The new regulatory framework aims to provide bitcoin exchanges with the same market recognition that established financial institutions already have.
According to Paul Chan, the financial secretary, the local government and regulators are open to working with crypto and fintech businesses in 2023. On Radio Television Hong Kong (RTHK), Chan remarked at an event held by the state-run incubator Cyberport that Hong Kong has become a foundation connecting high-quality virtual asset enterprises. Despite the current business crisis caused by the FTX crash, the Hong Kong government remains dedicated to the development of cryptocurrency infrastructure.
https://t.me/bitcoin_day
Hong Kong is doing its utmost to offer enough supervision to the crypto market in order to unlock the potential of technologies like Web3. The new regulatory framework aims to provide bitcoin exchanges with the same market recognition that established financial institutions already have.
According to Paul Chan, the financial secretary, the local government and regulators are open to working with crypto and fintech businesses in 2023. On Radio Television Hong Kong (RTHK), Chan remarked at an event held by the state-run incubator Cyberport that Hong Kong has become a foundation connecting high-quality virtual asset enterprises. Despite the current business crisis caused by the FTX crash, the Hong Kong government remains dedicated to the development of cryptocurrency infrastructure.
https://t.me/bitcoin_day
❤2👏2🤯1🎉1🤩1
Bitcoin was trading in the green on Feb. 7, as prices rebounded following a near collision with a key support point. Bulls have so far rejected this move towards $22,500 and instead pushed prices higher. Ethereum also rallied, with prices continuing to trade above $1,600.
Source
https://t.me/bitcoin_day
Source
https://t.me/bitcoin_day
👍2🔥2🤔2💩1🙏1
📣 Global Cryptocurrency Trade Volumes Saw a Significant Decline in December 2022
According to statistics, daily cryptocurrency trade volumes have dropped significantly during Dec. 2022. On Jan. 1, data shows that $22.95 billion was traded in the last 24 hours, compared to double that amount, $54.78 billion, two weeks earlier.
Cryptocurrency trade volumes worldwide have significantly declined since the beginning of the year. For example, on Jan. 2, 2022, one year ago, the global trade volume for the 24-hour period was approximately $70.48 billion, according to archived coingecko statistics. Today’s 24-hour volume worldwide is 67.43% less at $22.95 billion. In addition, 71.63% of all trades on Jan. 1, 2023, were paired with the cryptocurrency economy’s stablecoins.
Source
https://t.me/bitcoin_day
According to statistics, daily cryptocurrency trade volumes have dropped significantly during Dec. 2022. On Jan. 1, data shows that $22.95 billion was traded in the last 24 hours, compared to double that amount, $54.78 billion, two weeks earlier.
Cryptocurrency trade volumes worldwide have significantly declined since the beginning of the year. For example, on Jan. 2, 2022, one year ago, the global trade volume for the 24-hour period was approximately $70.48 billion, according to archived coingecko statistics. Today’s 24-hour volume worldwide is 67.43% less at $22.95 billion. In addition, 71.63% of all trades on Jan. 1, 2023, were paired with the cryptocurrency economy’s stablecoins.
Source
https://t.me/bitcoin_day
🤔2😱2🤩2❤1💩1
Makerdao Co-Founder Proposes $14 Million Fund to Combat Climate Change; Crypto Supporters Mock Idea
Cryptocurrency advocates have been discussing a proposal by the founder of Makerdao, Rune Christensen, to fund a Scientific Sustainability Fund. An idea that aims to combat climate change and misinformation about energy solutions. Christensen is asking for 20,000 MKR tokens to move forward with the idea. The draft of the Maker Constitution was criticized on social media, with one person comparing Christensen’s idea to the Effective Altruism movement, which is backed by the controversial FTX co-founder Sam Bankman-Fried.
A recent Makerdao Maker Improvement Proposal (MIP) by co-founder Rune Christensen proposes using 20,000 makerdao (MKR) tokens to fund a Scientific Sustainability Fund. According to Christensen, “Scientific Sustainability is a core principle of the Maker Constitution that recognizes the unique critical relationship between financial infrastructure and the global environmental risks of climate change,” This statement was made in a post on the Makerdao forum.
Christensen is a staunch climate change activist that wants the fund to combat “misinformation about energy solutions that have proven, real life track records of achieving scalable decarbonization.” At the time of writing, 20,000 makerdao (MKR) tokens is roughly around $14 million using today’s exchange rates.
Although Christensen believes the science of climate change is settled, there are still those who deny its existence and many people insist that there is “no climate disaster.” Some crypto advocates have mocked Christensen’s plan, with one calling the proposal “trash” and its advocates “thieves destroying value for MKR holders.” Another individual questioned the use of a stablecoin project to combat climate change.
One person commented that it “looks like Rune has gone full Effective Altruism,” referring to the movement promoted by the former FTX CEO Sam Bankman-Fried. In response to this comment, another asked, “Why doesn’t he use his own money instead of the MKR treasury?” While some people liked Christensen’s idea, others recommended that Makerdao partner with Klimadao, a climate finance project.
Cryptocurrency advocates have been discussing a proposal by the founder of Makerdao, Rune Christensen, to fund a Scientific Sustainability Fund. An idea that aims to combat climate change and misinformation about energy solutions. Christensen is asking for 20,000 MKR tokens to move forward with the idea. The draft of the Maker Constitution was criticized on social media, with one person comparing Christensen’s idea to the Effective Altruism movement, which is backed by the controversial FTX co-founder Sam Bankman-Fried.
A recent Makerdao Maker Improvement Proposal (MIP) by co-founder Rune Christensen proposes using 20,000 makerdao (MKR) tokens to fund a Scientific Sustainability Fund. According to Christensen, “Scientific Sustainability is a core principle of the Maker Constitution that recognizes the unique critical relationship between financial infrastructure and the global environmental risks of climate change,” This statement was made in a post on the Makerdao forum.
Christensen is a staunch climate change activist that wants the fund to combat “misinformation about energy solutions that have proven, real life track records of achieving scalable decarbonization.” At the time of writing, 20,000 makerdao (MKR) tokens is roughly around $14 million using today’s exchange rates.
Although Christensen believes the science of climate change is settled, there are still those who deny its existence and many people insist that there is “no climate disaster.” Some crypto advocates have mocked Christensen’s plan, with one calling the proposal “trash” and its advocates “thieves destroying value for MKR holders.” Another individual questioned the use of a stablecoin project to combat climate change.
One person commented that it “looks like Rune has gone full Effective Altruism,” referring to the movement promoted by the former FTX CEO Sam Bankman-Fried. In response to this comment, another asked, “Why doesn’t he use his own money instead of the MKR treasury?” While some people liked Christensen’s idea, others recommended that Makerdao partner with Klimadao, a climate finance project.
🔥3🎉2🥰1🤯1🙏1
🇷🇺 Russian Parliament Postpones Adoption of Crypto Mining Bill
Russian lawmakers will consider a draft law on cryptocurrency mining in 2023 despite earlier indications they were going to vote on the proposal in December. The bill is expected to set the rules for the extraction and sale of cryptocurrency in Russia amid sanctions limiting.
Members of the State Duma will review and vote on the draft law designed to legalize cryptocurrency mining in the Russian Federation in 2023, the head of the Financial Market Committee Anatoly Aksakov announced in comments for the crypto section of the business news portal RBC. positions of the various regulators involved in the process.
https://t.me/bitcoin_day
Russian lawmakers will consider a draft law on cryptocurrency mining in 2023 despite earlier indications they were going to vote on the proposal in December. The bill is expected to set the rules for the extraction and sale of cryptocurrency in Russia amid sanctions limiting.
Members of the State Duma will review and vote on the draft law designed to legalize cryptocurrency mining in the Russian Federation in 2023, the head of the Financial Market Committee Anatoly Aksakov announced in comments for the crypto section of the business news portal RBC. positions of the various regulators involved in the process.
https://t.me/bitcoin_day
❤2🤔2🔥1👏1💩1
3AC Co-Founder Kyle Davies Fails to Respond to Liquidators' Subpoena Despite Twitter Delivery
According to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current liquidators, despite it being sent via Twitter. Representatives from advisory company Teneo state that Davies continues to ignore his obligations to Three Arrows.
Source
https://t.me/bitcoin_day
According to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current liquidators, despite it being sent via Twitter. Representatives from advisory company Teneo state that Davies continues to ignore his obligations to Three Arrows.
Source
https://t.me/bitcoin_day
🔥2🤯2👍1🤩1🙏1
📣 Digital Bank Revolut Has Launched A Cryptocurrency Staking Service
According to AltFi, digital bank Revolut is now offering bitcoin staking to users in the United Kingdom and the European Economic Area (EEA). Revolut allows clients to trade roughly 100 different crypto assets and make purchases using their crypto holdings.
According to AltFi, digital bank Revolut is now offering bitcoin staking to users in the United Kingdom and the European Economic Area (EEA). Revolut has around 25 million clients worldwide, with the majority of them residing in the United Kingdom and the European Economic Area. To begin, the London-based fintech company will support Polkadot (DOT), Tezos (XTZ), Cardano (ADA), and Ethereum staking (ETH). The interest rate will fluctuate between 2.99% and 11.65%. The staking space has received a lot of new impetus in recent months.
https://t.me/bitcoin_day
According to AltFi, digital bank Revolut is now offering bitcoin staking to users in the United Kingdom and the European Economic Area (EEA). Revolut allows clients to trade roughly 100 different crypto assets and make purchases using their crypto holdings.
According to AltFi, digital bank Revolut is now offering bitcoin staking to users in the United Kingdom and the European Economic Area (EEA). Revolut has around 25 million clients worldwide, with the majority of them residing in the United Kingdom and the European Economic Area. To begin, the London-based fintech company will support Polkadot (DOT), Tezos (XTZ), Cardano (ADA), and Ethereum staking (ETH). The interest rate will fluctuate between 2.99% and 11.65%. The staking space has received a lot of new impetus in recent months.
https://t.me/bitcoin_day
👏2🎉2👎1😱1💩1
Uzbekistan Collects Over $300,000 From Crypto Sector
While operations with digital assets are not taxed in Uzbekistan, the government is receiving a growing amount of revenues from the industry. The increase in budget receipts has been attributed to the licensing regime and the introduction of fees for crypto companies.
Licensed crypto firms have paid 3.5 billion Uzbekistani som (more than $310,000) to the budget in the course of 2022, Uzbekistan’s regulatory authority responsible for the oversight in the sector revealed during a press conference, quoted by the crypto news outlet Forklog.
At the briefing, the National Agency of Perspective Projects (NAPP), a body subordinated to the president, announced the results of its activities. Officials said that the government has been able to collect the money thanks to the revamped licensing system and the imposing of fees for businesses working with digital assets.
Five crypto platforms are currently authorized to legally operate in the country and they have paid the said total. These are the state-controlled exchange Uznex and four smaller exchanges – Crypto Trade NET, Crypto Market, Crypto Express, and Coinpay.
Since October, crypto service providers in Uzbekistan are required to pay fixed monthly fees for their activities. These range between over $10,000 for cryptocurrency exchanges like Uznex and around $500 for the smaller trading platforms, also referred to as “crypto shops.”
At the same time, operations of individuals and organizations related to crypto transactions are subject to taxation in the Central Asian nation, even when carried out by non-residents and companies based in other jurisdictions, according to the current law.
However, the government in Tashkent has previously warned Uzbekistan’s citizens to avoid unlicensed exchange services. In August 2022, it tried to restrict access to online trading sites based outside the country. Uzbekistanis were allowed to buy and sell coins on domestic exchanges in November, 2021.
The NAPP also noted that 80% of the fees paid by the licensed crypto firms go to the state budget, while the remaining 20% are transferred to its own accounts. In late June, 2022, the agency presented registration requirements for miners who are relieved from taxation as well. Cryptocurrencies, mining and trading were regulated with a presidential decree issued two months earlier.
While operations with digital assets are not taxed in Uzbekistan, the government is receiving a growing amount of revenues from the industry. The increase in budget receipts has been attributed to the licensing regime and the introduction of fees for crypto companies.
Licensed crypto firms have paid 3.5 billion Uzbekistani som (more than $310,000) to the budget in the course of 2022, Uzbekistan’s regulatory authority responsible for the oversight in the sector revealed during a press conference, quoted by the crypto news outlet Forklog.
At the briefing, the National Agency of Perspective Projects (NAPP), a body subordinated to the president, announced the results of its activities. Officials said that the government has been able to collect the money thanks to the revamped licensing system and the imposing of fees for businesses working with digital assets.
Five crypto platforms are currently authorized to legally operate in the country and they have paid the said total. These are the state-controlled exchange Uznex and four smaller exchanges – Crypto Trade NET, Crypto Market, Crypto Express, and Coinpay.
Since October, crypto service providers in Uzbekistan are required to pay fixed monthly fees for their activities. These range between over $10,000 for cryptocurrency exchanges like Uznex and around $500 for the smaller trading platforms, also referred to as “crypto shops.”
At the same time, operations of individuals and organizations related to crypto transactions are subject to taxation in the Central Asian nation, even when carried out by non-residents and companies based in other jurisdictions, according to the current law.
However, the government in Tashkent has previously warned Uzbekistan’s citizens to avoid unlicensed exchange services. In August 2022, it tried to restrict access to online trading sites based outside the country. Uzbekistanis were allowed to buy and sell coins on domestic exchanges in November, 2021.
The NAPP also noted that 80% of the fees paid by the licensed crypto firms go to the state budget, while the remaining 20% are transferred to its own accounts. In late June, 2022, the agency presented registration requirements for miners who are relieved from taxation as well. Cryptocurrencies, mining and trading were regulated with a presidential decree issued two months earlier.
❤3👏2👍1🔥1😱1
Kraken Winds Down Staking Program, Pays $30 Million to Settle Unregistered Offering of Staking Services Case With SEC
Kraken, a U.S.-based cryptocurrency exchange, has agreed to wind down its cryptocurrency staking program as part of an arrangement with the U.S. Securities and Exchange Commission (SEC) to settle for the unregistered offer of its staking services. The exchange will also pay $30 million in disgorgement, prejudgment interest, and civil penalties, as indicated by the regulator.
Source
https://t.me/bitcoin_day
Kraken, a U.S.-based cryptocurrency exchange, has agreed to wind down its cryptocurrency staking program as part of an arrangement with the U.S. Securities and Exchange Commission (SEC) to settle for the unregistered offer of its staking services. The exchange will also pay $30 million in disgorgement, prejudgment interest, and civil penalties, as indicated by the regulator.
Source
https://t.me/bitcoin_day
🤔2🤯2👍1😱1🤩1
Wemix delisting saga continues at South Korean court.
Microsoft-backed video game developer Wemade plans to further continue the legal battle against South Korea's largest crypto exchanges.
A court in South Korea has supported the decision of local exchanges to delist Wemade’s Wemix (WEMIX) tokens, dismissing Wemade’s request to cancel the delisting.
The Seoul Central District Court ruled on Dec. 7 to justify the decision of the Digital Asset eXchange Alliance (DAXA) to delist WEMIX from major South Korean exchanges, The Korea Herald reported on Thursday.
The DAXA, a crypto exchange group representing South Korea’s largest firms like Upbit, Bithumb, Coinone, Korbit and Gopax, said that Wemade has failed to properly disclose the number of tokens outstanding.
The court has reportedly supported the position of the DAXA, emphasizing the importance of transparent reporting of token’s distribution, stating:
“Crypto assets have no regulator or an absolute means of determining their price like the stock market. Therefore the distribution number is crucial because the price is decided as a result of the balance between supply and demand."
In response to the latest ruling, Wemade argued that the firm will continue the legal battle against DAXA and will appeal the court’s order.
“We will continue to make efforts to prove the injustice of DAXA's decision,” the firm reportedly said, adding that it also plans to file a suit. Additionally, the firm is planning to send a complaint to the Korea Fair Trade Commission, which is a major regulatory authority for economic competition in the country.
The court’s ruling came shortly after Wemade filed a petition for a preliminary injunction on Nov. 28, after DAXA member exchanges first delisted WEMIX in late November.
Founded in 2000, Wemade is a South Korean video game developer, backed by major global tech companies, including Microsoft. The firm launched its gaming-related Wemix blockchain platform alongside the eponymous token in late 2019.
The Wemix cryptocurrency has been plummeting amid the delisting news since late November, seeing even more red amid the latest news.
Microsoft-backed video game developer Wemade plans to further continue the legal battle against South Korea's largest crypto exchanges.
A court in South Korea has supported the decision of local exchanges to delist Wemade’s Wemix (WEMIX) tokens, dismissing Wemade’s request to cancel the delisting.
The Seoul Central District Court ruled on Dec. 7 to justify the decision of the Digital Asset eXchange Alliance (DAXA) to delist WEMIX from major South Korean exchanges, The Korea Herald reported on Thursday.
The DAXA, a crypto exchange group representing South Korea’s largest firms like Upbit, Bithumb, Coinone, Korbit and Gopax, said that Wemade has failed to properly disclose the number of tokens outstanding.
The court has reportedly supported the position of the DAXA, emphasizing the importance of transparent reporting of token’s distribution, stating:
“Crypto assets have no regulator or an absolute means of determining their price like the stock market. Therefore the distribution number is crucial because the price is decided as a result of the balance between supply and demand."
In response to the latest ruling, Wemade argued that the firm will continue the legal battle against DAXA and will appeal the court’s order.
“We will continue to make efforts to prove the injustice of DAXA's decision,” the firm reportedly said, adding that it also plans to file a suit. Additionally, the firm is planning to send a complaint to the Korea Fair Trade Commission, which is a major regulatory authority for economic competition in the country.
The court’s ruling came shortly after Wemade filed a petition for a preliminary injunction on Nov. 28, after DAXA member exchanges first delisted WEMIX in late November.
Founded in 2000, Wemade is a South Korean video game developer, backed by major global tech companies, including Microsoft. The firm launched its gaming-related Wemix blockchain platform alongside the eponymous token in late 2019.
The Wemix cryptocurrency has been plummeting amid the delisting news since late November, seeing even more red amid the latest news.
❤2🔥2😁1🤯1🙏1
📊 Bitcoin: From 70% drop to 1,300% jump, Novogratz, Draper and more chime in on future
Bitcoin’s price is down over 60% year-to-date, and price predictions are all over the place. Mike Novogratz dropped his forecast that bitcoin will reach $500,000 in the next five years, while Tim Draper is confident it can reach $250,000 next year.
Last week, Galaxy Digital's Mike Novogratz dropped his very optimistic prediction that bitcoin will reach $500,000 in the next five years. Meanwhile, venture capitalist Tim Draper reaffirmed his call that it can hit $250,000 in the new year. And then you have Standard Chartered, which foresees gold reclaiming the haven title from bitcoin, which the bank predicts will collapse to $5,000.
https://t.me/bitcoin_day
Bitcoin’s price is down over 60% year-to-date, and price predictions are all over the place. Mike Novogratz dropped his forecast that bitcoin will reach $500,000 in the next five years, while Tim Draper is confident it can reach $250,000 next year.
Last week, Galaxy Digital's Mike Novogratz dropped his very optimistic prediction that bitcoin will reach $500,000 in the next five years. Meanwhile, venture capitalist Tim Draper reaffirmed his call that it can hit $250,000 in the new year. And then you have Standard Chartered, which foresees gold reclaiming the haven title from bitcoin, which the bank predicts will collapse to $5,000.
https://t.me/bitcoin_day
🤔3😱2👍1👏1💩1
Bitcoin Price Outlook for February
February has been a rollercoaster ride for cryptocurrency traders, with market volatility leading to high levels of price uncertainty. Following a strong start to the month, bitcoin prices have since plunged, resulting in a current bear run. However, with just over two weeks left of this short month, what else could be in store for speculators?
Source
https://t.me/bitcoin_day
February has been a rollercoaster ride for cryptocurrency traders, with market volatility leading to high levels of price uncertainty. Following a strong start to the month, bitcoin prices have since plunged, resulting in a current bear run. However, with just over two weeks left of this short month, what else could be in store for speculators?
Source
https://t.me/bitcoin_day
👍2👏2❤1🔥1🤔1
📣 UNHCR Launches Blockchain Payment Solution to Support Ukrainians Displaced by War
The United Nations High Commissioner for Refugees (UNHCR) recently said it has launched a blockchain payment solution for digital cash distribution to internally displaced persons (IDPs) in Ukraine. According to the agency, the use of the blockchain-based cash.
The United Nations High Commissioner for Refugees (UNHCR) and the Stellar Development Foundation (SDF), an organization supporting the growth of the Stellar blockchain, announced on Dec. 15 the launch of a “blockchain payment solution for digital cash distribution to internally displaced persons (IDPs) and other war-affected people in Ukraine.”
https://t.me/bitcoin_day
The United Nations High Commissioner for Refugees (UNHCR) recently said it has launched a blockchain payment solution for digital cash distribution to internally displaced persons (IDPs) in Ukraine. According to the agency, the use of the blockchain-based cash.
The United Nations High Commissioner for Refugees (UNHCR) and the Stellar Development Foundation (SDF), an organization supporting the growth of the Stellar blockchain, announced on Dec. 15 the launch of a “blockchain payment solution for digital cash distribution to internally displaced persons (IDPs) and other war-affected people in Ukraine.”
https://t.me/bitcoin_day
🤔2🤩2😱1🤬1🙏1
Audit firm Mazars to verify KuCoin’s proof of reserves.
Mazars, the former accounting firm for Donald Trump’s companies, was hired recently to audit Binance’s PoR.
Crypto exchange KuCoin hired the international accounting firm Mazars for a third-party audit of its proof of reserves (PoR).
According to an announcement on Dec. 5, the verification will provide the exchange customers additional transparency and reporting on whether their in-scope assets are collateralized, along with details on main, trade, margin, robot and contract accounts for Bitcoin (BTC) and Ether (ETH), as well as for the stablecoins Tether and USD Coin.
The report should be available on KuCoin’s official website within a few weeks. CEO of KuCoin Johnny Lyu said the move is the next step in the exchange efforts to provide transparency on users’ funds. Wiehann Olivier, partner at Kucoin, also noted:
“After recent events, there is a dire need in the industry for additional transparency, and we are confident that Mazars’ PoR service offering to KuCoin and other international cryptocurrency exchanges will aid in building trust through transparency.”
As reported by Cointelegraph, Mazars was also appointed as an official auditor to conduct “third party financial verification” in Binance’s PoR on Nov. 30. Binance’s publicly shared Bitcoin information is already being reviewed.
Headquartered in Paris, the international accounting firm previously worked for former United States President Donald Trump’s company. According to reports, the firm cut ties with Trump and his family in 2022.
KuCoin and Binance are among the six crypto firms requested to provide information on consumer protection by the United States Senator Ron Wyden by Dec. 12.
Wyden requested Binance, Coinbase, Bitfinex, Gemini, Kraken and KuCoin information on subsidiary companies, safeguards of consumer assets, use of customer data, and guards against market manipulation. The senator argued that crypto users with funds in FTX had “no such protections” as those offered by banks or registered brokers under the Federal Deposit Insurance Corporation or Securities Investor Protection Corporation.
Mazars, the former accounting firm for Donald Trump’s companies, was hired recently to audit Binance’s PoR.
Crypto exchange KuCoin hired the international accounting firm Mazars for a third-party audit of its proof of reserves (PoR).
According to an announcement on Dec. 5, the verification will provide the exchange customers additional transparency and reporting on whether their in-scope assets are collateralized, along with details on main, trade, margin, robot and contract accounts for Bitcoin (BTC) and Ether (ETH), as well as for the stablecoins Tether and USD Coin.
The report should be available on KuCoin’s official website within a few weeks. CEO of KuCoin Johnny Lyu said the move is the next step in the exchange efforts to provide transparency on users’ funds. Wiehann Olivier, partner at Kucoin, also noted:
“After recent events, there is a dire need in the industry for additional transparency, and we are confident that Mazars’ PoR service offering to KuCoin and other international cryptocurrency exchanges will aid in building trust through transparency.”
As reported by Cointelegraph, Mazars was also appointed as an official auditor to conduct “third party financial verification” in Binance’s PoR on Nov. 30. Binance’s publicly shared Bitcoin information is already being reviewed.
Headquartered in Paris, the international accounting firm previously worked for former United States President Donald Trump’s company. According to reports, the firm cut ties with Trump and his family in 2022.
KuCoin and Binance are among the six crypto firms requested to provide information on consumer protection by the United States Senator Ron Wyden by Dec. 12.
Wyden requested Binance, Coinbase, Bitfinex, Gemini, Kraken and KuCoin information on subsidiary companies, safeguards of consumer assets, use of customer data, and guards against market manipulation. The senator argued that crypto users with funds in FTX had “no such protections” as those offered by banks or registered brokers under the Federal Deposit Insurance Corporation or Securities Investor Protection Corporation.
🔥2🤯2👍1👎1💩1
Bit2Me Debit Card Launch Gives Users up to 9% Cashback on All Purchases
Bit2Me, the biggest Spanish exchange, and the first company to be recognized as a virtual service provider by the Bank of Spain has just launched a long-awaited debit card. The Bit2Me debit card works across the entire Mastercard network, enabling both crypto-stablecoin payments across more than 90 million global businesses and up to 9% cash back on all payments.
Source
https://t.me/bitcoin_day
Bit2Me, the biggest Spanish exchange, and the first company to be recognized as a virtual service provider by the Bank of Spain has just launched a long-awaited debit card. The Bit2Me debit card works across the entire Mastercard network, enabling both crypto-stablecoin payments across more than 90 million global businesses and up to 9% cash back on all payments.
Source
https://t.me/bitcoin_day
❤2👍2🤔2😱1🤩1
Banking Giant HSBC Files Trademarks for a Wide Range of Digital Currency and Metaverse Products
Banking giant HSBC has filed trademark applications with the United States Patent and Trademark Office (USPTO) for a wide range of digital currency products and services, including those related to the metaverse and non-fungible tokens (NFTs).
HSBC has filed two crypto-related trademark applications for its name and logo with the United States Patent and Trademark Office (USPTO). Mike Kondoudis, a USPTO-licensed trademark attorney, noted in a tweet Friday that HSBC’s trademark applications indicate the bank’s plans for a number of digital products and services, including those related to the exchange and transfer of virtual currencies.
HSBC’s crypto-related trademark applications were filed on Dec. 15; their serial numbers are 97718803 and 97718583. The bank described a wide range of products and services in its applications, including sending, receiving, converting, and storing digital currencies.
The trademark applications also detail several metaverse-related products and services, such as “facilitating secure payment transactions by electronic means in the metaverse,” “providing banking services in the metaverse,” and “providing processing of virtual credit card, virtual debit card, virtual prepaid card, and virtual payment card transactions in the metaverse.” HSBC also included a number of NFT services, such as “downloadable digital files authenticated by non-fungible tokens (NFTs).”
HSBC joined the metaverse by partnering with blockchain virtual gaming platform The Sandbox in March. However, HSBC Group’s CEO, Noel Quinn, said in September that crypto is not in the bank’s future.
An increasing number of major corporations and financial services institutions have filed trademark applications covering a wide range of digital currency and metaverse products and services. For example, Visa, Paypal, and Western Union filed crypto-related trademark applications in October. Last month, JPMorgan Chase was granted a wallet trademark covering various virtual currency and payment services.
Banking giant HSBC has filed trademark applications with the United States Patent and Trademark Office (USPTO) for a wide range of digital currency products and services, including those related to the metaverse and non-fungible tokens (NFTs).
HSBC has filed two crypto-related trademark applications for its name and logo with the United States Patent and Trademark Office (USPTO). Mike Kondoudis, a USPTO-licensed trademark attorney, noted in a tweet Friday that HSBC’s trademark applications indicate the bank’s plans for a number of digital products and services, including those related to the exchange and transfer of virtual currencies.
HSBC’s crypto-related trademark applications were filed on Dec. 15; their serial numbers are 97718803 and 97718583. The bank described a wide range of products and services in its applications, including sending, receiving, converting, and storing digital currencies.
The trademark applications also detail several metaverse-related products and services, such as “facilitating secure payment transactions by electronic means in the metaverse,” “providing banking services in the metaverse,” and “providing processing of virtual credit card, virtual debit card, virtual prepaid card, and virtual payment card transactions in the metaverse.” HSBC also included a number of NFT services, such as “downloadable digital files authenticated by non-fungible tokens (NFTs).”
HSBC joined the metaverse by partnering with blockchain virtual gaming platform The Sandbox in March. However, HSBC Group’s CEO, Noel Quinn, said in September that crypto is not in the bank’s future.
An increasing number of major corporations and financial services institutions have filed trademark applications covering a wide range of digital currency and metaverse products and services. For example, Visa, Paypal, and Western Union filed crypto-related trademark applications in October. Last month, JPMorgan Chase was granted a wallet trademark covering various virtual currency and payment services.
👏3🤯2👎1🤔1💩1
⚡️ G20 exploring coordinated crypto regulation
Nirmala Sitharaman, finance minister of current G20 president India, said the group of major economies is exploring whether it can coordinate on crypto regulation. Sitharaman — whose government, under Prime Minister Narendra Modi, and central bank have long debated laws potentially banning cryptocurrencies.
"We are talking with all nations, if we can make some standard operating procedure which is followed by everyone to make a regulatory framework, and if it can be effective," Sitharaman added. Though the Indian government and the Reserve Bank of India have historically been opposed to decentralized cryptocurrencies, the central bank has shown a keen interest in central bank digital currencies. Late last year, it began a pilot for a wholesale digital rupee to reduce transaction costs.
https://t.me/bitcoin_day
Nirmala Sitharaman, finance minister of current G20 president India, said the group of major economies is exploring whether it can coordinate on crypto regulation. Sitharaman — whose government, under Prime Minister Narendra Modi, and central bank have long debated laws potentially banning cryptocurrencies.
"We are talking with all nations, if we can make some standard operating procedure which is followed by everyone to make a regulatory framework, and if it can be effective," Sitharaman added. Though the Indian government and the Reserve Bank of India have historically been opposed to decentralized cryptocurrencies, the central bank has shown a keen interest in central bank digital currencies. Late last year, it began a pilot for a wholesale digital rupee to reduce transaction costs.
https://t.me/bitcoin_day
🤔2🤯2👍1😱1🙏1