📣 Crypto Payments Firm Wirex and Visa Expand Partnership to 40 Countries
Cryptocurrency payments app Wirex has signed a long-term global partnership with Visa (V) to expand its footprint in Asia-Pacific (APAC) and the U.K., according to an announcement on Monday. The announcement builds on the two companies' existing relationship of a crypto-linked visa debit card in the U.S.
With this expansion the London-based Wirex, which has over 5 million customers, will now be able to directly issue crypto-enabled debit and prepaid cards to over 40 countries. While its largest customer-base is in the U.K., Wirex had previously withdrawn the U.K. Financial Conduct Authority's (FCA) temporary registration regime ahead of a deadline to obtain full registration which meant it would serve U.K-based customers via a subsidiary licensed in Croatia. Visa wants to bring more payment options to consumers by connecting digital currencies.
https://t.me/bitcoin_day
Cryptocurrency payments app Wirex has signed a long-term global partnership with Visa (V) to expand its footprint in Asia-Pacific (APAC) and the U.K., according to an announcement on Monday. The announcement builds on the two companies' existing relationship of a crypto-linked visa debit card in the U.S.
With this expansion the London-based Wirex, which has over 5 million customers, will now be able to directly issue crypto-enabled debit and prepaid cards to over 40 countries. While its largest customer-base is in the U.K., Wirex had previously withdrawn the U.K. Financial Conduct Authority's (FCA) temporary registration regime ahead of a deadline to obtain full registration which meant it would serve U.K-based customers via a subsidiary licensed in Croatia. Visa wants to bring more payment options to consumers by connecting digital currencies.
https://t.me/bitcoin_day
❤2🤩2🤯1💩1🙏1
NFT Marketplace Blur Launches Native Token, BLUR Price Drops 85% in a Matter of Hours
The Blur non-fungible token (NFT) marketplace launched its native token this week, and users who were awarded token allotments received “care packages.” Blur tokens began trading at noon on Feb. 14, reaching a high of $5.02 per token. However, the coin has since dropped more than 85% against the U.S. dollar.
Source
https://t.me/bitcoin_day
The Blur non-fungible token (NFT) marketplace launched its native token this week, and users who were awarded token allotments received “care packages.” Blur tokens began trading at noon on Feb. 14, reaching a high of $5.02 per token. However, the coin has since dropped more than 85% against the U.S. dollar.
Source
https://t.me/bitcoin_day
👍2🤔2👏1😁1😱1
📊 Crypto Markets Steal The Spotlight Ahead Of US Inflation Data
The SEC dragged down cryptocurrency markets last week, and now the New York Department of Financial Services has ordered Paxos to stop producing BUSD. The January inflation rate in the United States is up next. Prices are estimated to have risen 0.4% month on month in January.
According to Youwei Yang, chief economist at Bit Mining, the statistics will be regarded as favorable overall if the yearly rate is around 6% or lower, which might counter some of the regulatory-related selling. The New York Department of Financial Services ordered Paxos to halt creating the BUSD stablecoin, sending crypto prices lower. Bitcoin dropped in value as a result of the news. and all eyes will be on the publication for any signs of acceleration that could prompt the Federal Reserve to take new action.
https://t.me/bitcoin_day
The SEC dragged down cryptocurrency markets last week, and now the New York Department of Financial Services has ordered Paxos to stop producing BUSD. The January inflation rate in the United States is up next. Prices are estimated to have risen 0.4% month on month in January.
According to Youwei Yang, chief economist at Bit Mining, the statistics will be regarded as favorable overall if the yearly rate is around 6% or lower, which might counter some of the regulatory-related selling. The New York Department of Financial Services ordered Paxos to halt creating the BUSD stablecoin, sending crypto prices lower. Bitcoin dropped in value as a result of the news. and all eyes will be on the publication for any signs of acceleration that could prompt the Federal Reserve to take new action.
https://t.me/bitcoin_day
❤2🤔2🤯2💩1🙏1
⚡️ Vitalik Buterin Advises Focusing on The Tech to Avoid Crypto Weariness
Ethereum co-founder Vitalik Buterin has spoken out about the state of the crypto industry and how to avoid growing tired of it. On Dec. 4, Vitalik Buterin responded to a question from a popular community member who said they had grown tired of the scammers and fraudsters in crypto after nine years.
Crypto is used primarily as a vehicle for speculation at the moment, and that is where fraudsters thrive. The FTX meltdown was caused by a bank run catalyzed by major overleveraging and lending.Zk-SNARK is an acronym that stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge.” It is a cryptographic proof that allows one party to prove it possesses certain information without revealing what the information is.
https://t.me/bitcoin_day
Ethereum co-founder Vitalik Buterin has spoken out about the state of the crypto industry and how to avoid growing tired of it. On Dec. 4, Vitalik Buterin responded to a question from a popular community member who said they had grown tired of the scammers and fraudsters in crypto after nine years.
Crypto is used primarily as a vehicle for speculation at the moment, and that is where fraudsters thrive. The FTX meltdown was caused by a bank run catalyzed by major overleveraging and lending.Zk-SNARK is an acronym that stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge.” It is a cryptographic proof that allows one party to prove it possesses certain information without revealing what the information is.
https://t.me/bitcoin_day
👍2🤩2🥰1🤯1😱1
Bitcoin Ordinal Inscriptions Surge Past 100,000 Mark, Spurring Development of Supporting Infrastructure
According to the latest statistics, more than 100,000 ordinal inscriptions have been added to the Bitcoin blockchain since the start of the trend. Amid the growing popularity, people have launched supporting marketplaces and tools that allow individuals to inscribe without a full node. Additionally, a decentralized Ordinal exchange is reportedly in the works.
Source
https://t.me/bitcoin_day
According to the latest statistics, more than 100,000 ordinal inscriptions have been added to the Bitcoin blockchain since the start of the trend. Amid the growing popularity, people have launched supporting marketplaces and tools that allow individuals to inscribe without a full node. Additionally, a decentralized Ordinal exchange is reportedly in the works.
Source
https://t.me/bitcoin_day
🔥2👏2❤1🤬1😢1
South Korea to examine crypto staking services following the Kraken case.
No details on the timeline and methods of the examination were provided, but reportedly it would be conducted moderately as no wrongdoings have been registered in the country.
As reported by a local publication on Feb. 15, Korean financial authorities are looking into the staking services market. However, as the unnamed official specified to the journalists:
The fears of the crypto community about the possible repercussions of the recent court deal between the United States Securities and Exchange Commission (SEC) and Kraken are starting to materialize. Following their American counterparts, South Korean regulators intend to examine the crypto-staking operators in the country.
“The position is that there is nothing to be a problem because nothing has been done.”
No details on the timeline and methods of the examination were provided, but it could affect some legislative decisions. In contrast to more common operations with digital assets, crypto staking isn’t defined by Korean regulation at the moment.
The global discussion on crypto staking kicked off with a Feb. 9 settlement between the SEC and Kraken crypto exchange. Kraken agreed to pay a $30 million fine and halt its staking program. The move was widely criticized by the American crypto community and even the SEC’s acting commissioner.
In his analysis for Cointelegraph, J.W. Verret, an associate professor at the George Mason Law School, warned about the SEC’s intention to use its Kraken playbook against staking protocols in general:
“It’s becoming clear from a pattern across financial regulators and the White House that the subtext in the administration’s policy toward crypto is that it should be choked off.”
In February, South Korea’s Financial Services Commission established guidance that specifies which types of digital assets will be considered and regulated as securities in the country. The law considers securities as financial investments where investors are not required to make additional payments after their original investment.
No details on the timeline and methods of the examination were provided, but reportedly it would be conducted moderately as no wrongdoings have been registered in the country.
As reported by a local publication on Feb. 15, Korean financial authorities are looking into the staking services market. However, as the unnamed official specified to the journalists:
The fears of the crypto community about the possible repercussions of the recent court deal between the United States Securities and Exchange Commission (SEC) and Kraken are starting to materialize. Following their American counterparts, South Korean regulators intend to examine the crypto-staking operators in the country.
“The position is that there is nothing to be a problem because nothing has been done.”
No details on the timeline and methods of the examination were provided, but it could affect some legislative decisions. In contrast to more common operations with digital assets, crypto staking isn’t defined by Korean regulation at the moment.
The global discussion on crypto staking kicked off with a Feb. 9 settlement between the SEC and Kraken crypto exchange. Kraken agreed to pay a $30 million fine and halt its staking program. The move was widely criticized by the American crypto community and even the SEC’s acting commissioner.
In his analysis for Cointelegraph, J.W. Verret, an associate professor at the George Mason Law School, warned about the SEC’s intention to use its Kraken playbook against staking protocols in general:
“It’s becoming clear from a pattern across financial regulators and the White House that the subtext in the administration’s policy toward crypto is that it should be choked off.”
In February, South Korea’s Financial Services Commission established guidance that specifies which types of digital assets will be considered and regulated as securities in the country. The law considers securities as financial investments where investors are not required to make additional payments after their original investment.
👍3🤔2🥰1💩1🙏1
Bitcoin’s Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022
On Dec. 5, 2022, at block height 766,080, Bitcoin’s mining difficulty adjustment dropped 7.32% lower, making it the largest difficulty reduction in 2022. The current difficulty is approximately 34.24 trillion and it will remain at this point for the next two weeks or 2,016 blocks.
Bitcoin’s difficulty retarget has dropped, which makes it a bit easier for bitcoin miners to find a block than it was during the two weeks prior. The difficulty change occurred around 8:50:29 p.m. (ET), at block height 766,080 and it was the largest reduction this year. The difficulty reduction was larger than the prior record that was recorded at block height 745,920. At that time on July 21, 2022, the network’s difficulty dropped by 5.01% and the difficulty was around 27.69 trillion.
Prior to the 7.32% reduction down to 34.24 trillion, the network’s difficulty rating was at a lifetime high of 36.95 trillion. Satoshi created the difficulty retarget to change periodically or every 2,016 blocks so the average time to mine a block remains constant at around 10 minutes. Statistics show prior to block height 766,080, the average block time was around 10:48 minutes, which meant a notable difficulty reduction was predicted to happen prior to the change.
At the time of writing, at 9:00 p.m. (ET), the total hashrate associated with the Bitcoin network is around 271.33 exahash per second (EH/s). Foundry USA is the top bitcoin mining pool at the time of writing with 25.48% of the network or 64.47 EH/s. Foundry discovered 107 blocks out of 420 discovered in the last three days. Foundry is followed by the mining pools Antpool, F2pool, Binance Pool, and Viabtc respectively.
On Dec. 5, 2022, at block height 766,080, Bitcoin’s mining difficulty adjustment dropped 7.32% lower, making it the largest difficulty reduction in 2022. The current difficulty is approximately 34.24 trillion and it will remain at this point for the next two weeks or 2,016 blocks.
Bitcoin’s difficulty retarget has dropped, which makes it a bit easier for bitcoin miners to find a block than it was during the two weeks prior. The difficulty change occurred around 8:50:29 p.m. (ET), at block height 766,080 and it was the largest reduction this year. The difficulty reduction was larger than the prior record that was recorded at block height 745,920. At that time on July 21, 2022, the network’s difficulty dropped by 5.01% and the difficulty was around 27.69 trillion.
Prior to the 7.32% reduction down to 34.24 trillion, the network’s difficulty rating was at a lifetime high of 36.95 trillion. Satoshi created the difficulty retarget to change periodically or every 2,016 blocks so the average time to mine a block remains constant at around 10 minutes. Statistics show prior to block height 766,080, the average block time was around 10:48 minutes, which meant a notable difficulty reduction was predicted to happen prior to the change.
At the time of writing, at 9:00 p.m. (ET), the total hashrate associated with the Bitcoin network is around 271.33 exahash per second (EH/s). Foundry USA is the top bitcoin mining pool at the time of writing with 25.48% of the network or 64.47 EH/s. Foundry discovered 107 blocks out of 420 discovered in the last three days. Foundry is followed by the mining pools Antpool, F2pool, Binance Pool, and Viabtc respectively.
❤2😱2👍1🥰1🎉1
Uzbekistan Allows Foreign Firms to Deposit Funds From Crypto Trading, Restricts Other Operations
The Central Bank of Uzbekistan has permitted foreign-based businesses to open domestic bank accounts and deposit funds received from cryptocurrency trading. These companies will also be able to transfer the money abroad, but operations in the country will be restricted.
Source
https://t.me/bitcoin_day
The Central Bank of Uzbekistan has permitted foreign-based businesses to open domestic bank accounts and deposit funds received from cryptocurrency trading. These companies will also be able to transfer the money abroad, but operations in the country will be restricted.
Source
https://t.me/bitcoin_day
🔥2🤩2👍1🤬1💩1
FTX Bankruptcy Judge Denies US Trustee’s Request for Independent Examiner
The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an independent examiner for the ongoing proceedings. The decision comes after judge John Dorsey postponed the ruling last week, citing concerns that the examiner could cost creditors tens of millions of dollars.
In the latest filing in the FTX bankruptcy case docket, judge John Dorsey has denied the appointment of an independent examiner. Dorsey stated that the current team, led by FTX CEO John J. Ray III, is “highly qualified” to handle the bankruptcy proceedings independently. The decision overrides the U.S. Trustee’s request to hire an independent examiner, which was said to be mandated by Congress.
The judge presiding over the FTX bankruptcy case stressed, however, that he had “no doubt that appointing an examiner would not be in the best interest of the creditors.” According to estimates, current management claimed that expenses for an independent examiner could reach between $90 million and $100 million. “Every dollar spent on administrative expenses in these cases is $1 less for the creditors,” Dorsey stated during the hearing, agreeing that an examiner could be very costly.
Since Dec. 1, 2022, an attorney for the U.S. Trustee, an arm of the U.S. Department of Justice (DOJ), has been attempting to appoint an examiner to the FTX case in the Delaware bankruptcy court. During the case, a representative for the Trustee argued that the appointment of an independent examiner was mandated by Congress and no longer within Dorsey’s authority.
The Trustee’s argument was supported by a letter from four bipartisan U.S. senators insisting that an independent examiner be appointed. However, the decision by the Delaware bankruptcy judge emphasizes that his court’s authority has overruled the government’s request.
The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an independent examiner for the ongoing proceedings. The decision comes after judge John Dorsey postponed the ruling last week, citing concerns that the examiner could cost creditors tens of millions of dollars.
In the latest filing in the FTX bankruptcy case docket, judge John Dorsey has denied the appointment of an independent examiner. Dorsey stated that the current team, led by FTX CEO John J. Ray III, is “highly qualified” to handle the bankruptcy proceedings independently. The decision overrides the U.S. Trustee’s request to hire an independent examiner, which was said to be mandated by Congress.
The judge presiding over the FTX bankruptcy case stressed, however, that he had “no doubt that appointing an examiner would not be in the best interest of the creditors.” According to estimates, current management claimed that expenses for an independent examiner could reach between $90 million and $100 million. “Every dollar spent on administrative expenses in these cases is $1 less for the creditors,” Dorsey stated during the hearing, agreeing that an examiner could be very costly.
Since Dec. 1, 2022, an attorney for the U.S. Trustee, an arm of the U.S. Department of Justice (DOJ), has been attempting to appoint an examiner to the FTX case in the Delaware bankruptcy court. During the case, a representative for the Trustee argued that the appointment of an independent examiner was mandated by Congress and no longer within Dorsey’s authority.
The Trustee’s argument was supported by a letter from four bipartisan U.S. senators insisting that an independent examiner be appointed. However, the decision by the Delaware bankruptcy judge emphasizes that his court’s authority has overruled the government’s request.
👍2🤔2❤1🔥1🤯1
🇬🇧 Next UK financial regulator calls for tougher crypto rules: FT
Ashley Alder, the UK’s next Financial Conduct Authority chair, had harsh words for crypto platforms as he addressed members of parliament, the Financial Times first reported. at scale, according to the newspaper.
The criticism from Alder comes as anti-money laundering tests held by the FCA ruled out 85% of firms that applied, according to FCA chief executive Nikhil Rath, who spoke earlier this year at a banking summit. Expected UK Treasury regulations are set to introduce consumer protections, impose limitations on foreign sellers, restrict product advertising and offer provisions when companies fail.
https://t.me/bitcoin_day
Ashley Alder, the UK’s next Financial Conduct Authority chair, had harsh words for crypto platforms as he addressed members of parliament, the Financial Times first reported. at scale, according to the newspaper.
The criticism from Alder comes as anti-money laundering tests held by the FCA ruled out 85% of firms that applied, according to FCA chief executive Nikhil Rath, who spoke earlier this year at a banking summit. Expected UK Treasury regulations are set to introduce consumer protections, impose limitations on foreign sellers, restrict product advertising and offer provisions when companies fail.
https://t.me/bitcoin_day
👏2🤩2👍1👎1🙏1
Moody's Says Forex Shortages May Force Nigerian Central Bank to Delay Repaying Local Banks
The persistent scarcity of foreign exchange may force the Nigerian central bank to delay repaying the $10.4 billion owed to local banks, analysts at Moody’s Investors Service have concluded. The central bank’s failure to pay its debts on time will likely force the affected financial institutions to similarly delay paying back their own forex-denominated debts.
Source
https://t.me/bitcoin_day
The persistent scarcity of foreign exchange may force the Nigerian central bank to delay repaying the $10.4 billion owed to local banks, analysts at Moody’s Investors Service have concluded. The central bank’s failure to pay its debts on time will likely force the affected financial institutions to similarly delay paying back their own forex-denominated debts.
Source
https://t.me/bitcoin_day
👍2🤔2🤩2❤1🤯1
Crypto Experts are Stocking Up on This New Altcoin With Less Than 24 Hours Before Its Presale Ends – Here’s Why.
With only hours remaining in the presale, the sustainable cryptocurrency IMPT has raised over $18.6 million, with $1 million per day coming in in the final days as crypto experts and influencers spread the project's virtues online.
IMPT io will connect shoppers globally with environmental projects supported by numerous retail brands. Each time a user makes a purchase through IMPT, money is donated towards climate change solutions and shoppers gain rewards.
Crypto Experts Weigh in on Top Sustainable Crypto Presale
'CryptoHeroesLIVE', one of Germany's top crypto analysts, reviewed IMPT as a high-potential project yesterday when the presale had brought in $17.1 million. Then India's top cryptocurrency influencer 'Wise Advice' posted a video later in the day when the presale had raised $17.3 million.
Then, CryptoNews analyst Jacob Bury posted an IMPT update today when IMPT was close to raising $18 million dollars.
"I'm very, very bullish on everything in the ecosystem," Bury said in the video update. "Tokenomically it's amazing, the white paper looks great, the VCM (voluntary carbon market) is expected to grow massively by 2030, and of course, investing in the IMPT token means you're really aligning your investment decision with your moral framework. It's really good to know you're participating in something that is helping save the planet."
On Friday, the IMPT team delivered a keynote speech at the World Blockchain Summit in Thailand. That presentation may have caught the attention of crypto whales as new token presales that feature a fully doxxed and professional team often perform well not only during an IEO but also in the long term.
On Saturday night, as news of IMPT continued to spread internationally, investors poured an additional million dollars into the presale.
IMPT will list on exchanges at $0.0253 USD, 10% higher than the final presale price. IMPT token holders will be able to trade their tokens on LBank and Changelly soon after the end of the presale, with more listings currently being finalized.
With only hours remaining in the presale, the sustainable cryptocurrency IMPT has raised over $18.6 million, with $1 million per day coming in in the final days as crypto experts and influencers spread the project's virtues online.
IMPT io will connect shoppers globally with environmental projects supported by numerous retail brands. Each time a user makes a purchase through IMPT, money is donated towards climate change solutions and shoppers gain rewards.
Crypto Experts Weigh in on Top Sustainable Crypto Presale
'CryptoHeroesLIVE', one of Germany's top crypto analysts, reviewed IMPT as a high-potential project yesterday when the presale had brought in $17.1 million. Then India's top cryptocurrency influencer 'Wise Advice' posted a video later in the day when the presale had raised $17.3 million.
Then, CryptoNews analyst Jacob Bury posted an IMPT update today when IMPT was close to raising $18 million dollars.
"I'm very, very bullish on everything in the ecosystem," Bury said in the video update. "Tokenomically it's amazing, the white paper looks great, the VCM (voluntary carbon market) is expected to grow massively by 2030, and of course, investing in the IMPT token means you're really aligning your investment decision with your moral framework. It's really good to know you're participating in something that is helping save the planet."
On Friday, the IMPT team delivered a keynote speech at the World Blockchain Summit in Thailand. That presentation may have caught the attention of crypto whales as new token presales that feature a fully doxxed and professional team often perform well not only during an IEO but also in the long term.
On Saturday night, as news of IMPT continued to spread internationally, investors poured an additional million dollars into the presale.
IMPT will list on exchanges at $0.0253 USD, 10% higher than the final presale price. IMPT token holders will be able to trade their tokens on LBank and Changelly soon after the end of the presale, with more listings currently being finalized.
🔥2🙏2👎1😱1💩1
Line shuts down crypto exchange to focus on blockchain and LN token.
The Japanese messaging giant will still continue to support its Line blockchain ecosystem and the Link token despite the ongoing industry challenges.
The Japanese messaging giant Line has decided to shut down its cryptocurrency exchange business amid the ongoing crypto winter.
Line-owned crypto exchange Bitfront officially announced on Nov. 27 a plan to completely close down the platform by March 2023.
According to the statement, the closure was driven by the continued cryptocurrency bear market and other issues in the crypto industry.
Despite the exchange’s closure, Line will still continue to run its other blockchain ventures, including the Line blockchain ecosystem and Link (LN) token, the announcement notes, stating:
“Despite our efforts to overcome the challenges in this rapidly-evolving industry, we have regretfully determined that we need to shut down Bitfront in order to continue growing the Line blockchain ecosystem and Link token economy.”
Bitfront also emphasized that the decision to close the exchange was made for the “best interest” of the Line ecosystem and is unrelated to the ongoing industry scandal involving the FTX exchange.
According to the announcement, Bitfront will take a gradual approach to suspend its services, stopping signups and credit card payments on Nov. 28. The platform then plans to suspend additional deposits and interest payments of LN interest products and proceed with the related LN withdrawals by mid-December.
By the end of December, Bitfront aims to stop all cryptocurrency and fiat deposits alongside trading suspension and cancellation of open orders. Total suspension of withdrawals is scheduled for March 31, 2023, while customers would still be able to claim their assets in different jurisdictions of the United States.
As previously reported by Cointelegraph, Line launched its proprietary crypto exchange in 2018 as a Singapore-based business. Originally known as BitBox, the company was rebranded to Bitfront and moved to the United States in February 2020. The exchange has been downscaling some of its operations in recent years, suspending services in South Korea in August 2021.
The Japanese messaging giant will still continue to support its Line blockchain ecosystem and the Link token despite the ongoing industry challenges.
The Japanese messaging giant Line has decided to shut down its cryptocurrency exchange business amid the ongoing crypto winter.
Line-owned crypto exchange Bitfront officially announced on Nov. 27 a plan to completely close down the platform by March 2023.
According to the statement, the closure was driven by the continued cryptocurrency bear market and other issues in the crypto industry.
Despite the exchange’s closure, Line will still continue to run its other blockchain ventures, including the Line blockchain ecosystem and Link (LN) token, the announcement notes, stating:
“Despite our efforts to overcome the challenges in this rapidly-evolving industry, we have regretfully determined that we need to shut down Bitfront in order to continue growing the Line blockchain ecosystem and Link token economy.”
Bitfront also emphasized that the decision to close the exchange was made for the “best interest” of the Line ecosystem and is unrelated to the ongoing industry scandal involving the FTX exchange.
According to the announcement, Bitfront will take a gradual approach to suspend its services, stopping signups and credit card payments on Nov. 28. The platform then plans to suspend additional deposits and interest payments of LN interest products and proceed with the related LN withdrawals by mid-December.
By the end of December, Bitfront aims to stop all cryptocurrency and fiat deposits alongside trading suspension and cancellation of open orders. Total suspension of withdrawals is scheduled for March 31, 2023, while customers would still be able to claim their assets in different jurisdictions of the United States.
As previously reported by Cointelegraph, Line launched its proprietary crypto exchange in 2018 as a Singapore-based business. Originally known as BitBox, the company was rebranded to Bitfront and moved to the United States in February 2020. The exchange has been downscaling some of its operations in recent years, suspending services in South Korea in August 2021.
❤2👏2👍1😁1😢1
NFT Sales Surge Over 43% in Past Week, Topping $397 Million
Sales of non-fungible token (NFT) assets over the last seven days rose 43.97% compared to the previous week, according to statistics recorded on Feb. 18, 2023. The volume of NFT sales reached $397.86 million this week, with 345,716 NFT buyers and roughly 1.62 million transactions.
Source
https://t.me/bitcoin_day
Sales of non-fungible token (NFT) assets over the last seven days rose 43.97% compared to the previous week, according to statistics recorded on Feb. 18, 2023. The volume of NFT sales reached $397.86 million this week, with 345,716 NFT buyers and roughly 1.62 million transactions.
Source
https://t.me/bitcoin_day
🔥2🤔2👏1😱1🤩1
🇸🇻 El Salvador President Nayib Bukele Rocks again in Bitcoin World
El Salvador president Nayib Bukele again in news surrounding Bitcoin. The recent industry events like FTX crash and TerraUSD collapse in 2022, shook the faith of the citizens on crypto-king. But the leader’s vision remains unwavered. Bitcoin is going to change the world,” other nations join the array of accepting Bitcoin as legal tender.
Nayib Bukele, El Salvador president who has been running the office for the last four years, went against the International Monetary Fund, while adopting Bitcoin as legal tender in 2021, according to Bloomberg recent report. After a few days of Sam Bankman-Fried led crypto exchange FTX collapsed in 2022, the president announced to buy one Bitcoin (BTC) daily. Crypto mogul and founder of the biggest blockchain DAO ecosystem Tron, Justin Sun soon also declared the same. They implemented Dollar Cost Averaging (DCA).
https://t.me/bitcoin_day
El Salvador president Nayib Bukele again in news surrounding Bitcoin. The recent industry events like FTX crash and TerraUSD collapse in 2022, shook the faith of the citizens on crypto-king. But the leader’s vision remains unwavered. Bitcoin is going to change the world,” other nations join the array of accepting Bitcoin as legal tender.
Nayib Bukele, El Salvador president who has been running the office for the last four years, went against the International Monetary Fund, while adopting Bitcoin as legal tender in 2021, according to Bloomberg recent report. After a few days of Sam Bankman-Fried led crypto exchange FTX collapsed in 2022, the president announced to buy one Bitcoin (BTC) daily. Crypto mogul and founder of the biggest blockchain DAO ecosystem Tron, Justin Sun soon also declared the same. They implemented Dollar Cost Averaging (DCA).
https://t.me/bitcoin_day
❤2🔥2🥰1😱1🤩1
📉 Bitcoin (BTC) Miners Sell Most in 5 Years
The bear market has been going on for a year now. Who still has the strength to sell their BTC after 365 days of suffering and pain in the crypto market? The answer is simple: Bitcoin miners. Rising global electricity prices and the falling price of BTC have made cryptocurrency mining increasingly unprofitable.
In today’s analysis, BeInCrypto looks at the indicators of Bitcoin Production Cost and Bitcoin Miner Sell Pressure (BMSP). In addition, we compare them with the recent breakout on the chart of BTC inflows to exchanges and with the Bitcoin network hashrate. Then, increased sales by miners signal a major overvaluation of the cryptocurrency market and usually occur during and at the end of a long-term bull market.
https://t.me/bitcoin_day
The bear market has been going on for a year now. Who still has the strength to sell their BTC after 365 days of suffering and pain in the crypto market? The answer is simple: Bitcoin miners. Rising global electricity prices and the falling price of BTC have made cryptocurrency mining increasingly unprofitable.
In today’s analysis, BeInCrypto looks at the indicators of Bitcoin Production Cost and Bitcoin Miner Sell Pressure (BMSP). In addition, we compare them with the recent breakout on the chart of BTC inflows to exchanges and with the Bitcoin network hashrate. Then, increased sales by miners signal a major overvaluation of the cryptocurrency market and usually occur during and at the end of a long-term bull market.
https://t.me/bitcoin_day
👏2🤔2👍1👎1😱1
FTX Warns Community of Phony 'Debt Tokens' and Scams Claiming to Be Affiliated With the Bankrupt Exchange
On Friday, debtors who control the official FTX Twitter account warned the community to “be on alert for scams from entities claiming to be affiliated with FTX.” They also noted that neither FTX debtors nor any entity related to the company has issued any IOU crypto assets or “debt tokens.” The alert comes as a token called “FUD (FTX User’s Debt)” has been circulating on the Tron blockchain and is listed on Huobi.
Source
https://t.me/bitcoin_day
On Friday, debtors who control the official FTX Twitter account warned the community to “be on alert for scams from entities claiming to be affiliated with FTX.” They also noted that neither FTX debtors nor any entity related to the company has issued any IOU crypto assets or “debt tokens.” The alert comes as a token called “FUD (FTX User’s Debt)” has been circulating on the Tron blockchain and is listed on Huobi.
Source
https://t.me/bitcoin_day
❤2👏2😁2🥰1🤮1
🇿🇲 Zambia Testing Technology to Regulate Cryptocurrency — Government Minister
The Bank of Zambia and the country’s securities regulators are currently testing the technology to regulate cryptocurrencies, a Zambian government minister has said. According to Felix Mutati, cryptocurrency is a revolutionary technology that embodies a future his country desires to achieve.
The Zambian central bank and the country’s Securities and Exchange Commission are in the process of “testing” technology to regulate cryptocurrencies, the country’s minister of Technology and Science, Felix Mutati, has said. In his remarks published on the ministry’s website, Mutati argued that Zambia needs to regulate this “revolutionary technology” because it encapsulates “the future the country desires to achieve.”.Mutati also revealed that the testing of the regulatory technology will soon be upscaled as part of measures.
https://t.me/bitcoin_day
The Bank of Zambia and the country’s securities regulators are currently testing the technology to regulate cryptocurrencies, a Zambian government minister has said. According to Felix Mutati, cryptocurrency is a revolutionary technology that embodies a future his country desires to achieve.
The Zambian central bank and the country’s Securities and Exchange Commission are in the process of “testing” technology to regulate cryptocurrencies, the country’s minister of Technology and Science, Felix Mutati, has said. In his remarks published on the ministry’s website, Mutati argued that Zambia needs to regulate this “revolutionary technology” because it encapsulates “the future the country desires to achieve.”.Mutati also revealed that the testing of the regulatory technology will soon be upscaled as part of measures.
https://t.me/bitcoin_day
🔥2👏2👍1👎1🤯1
Robert Kiyosaki Warns About Stocks, Bonds, Mutual Funds — Says Bitcoin Best for ‘Unstable Times’
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that investing in a well-diversified portfolio of stocks, bonds, mutual funds, and exchange-traded funds (ETFs) is “very risky” advice. Kiyosaki stressed that gold, silver, and bitcoin are the best investments for “unstable times.”
The author of Rich Dad Poor Dad, Robert Kiyosaki, gave some more investment advice this week. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki tweeted Friday:
For years, I have been saying, ‘Saving money & investing in a well-diversified portfolio of stocks, bonds, mutual funds & ETFs is risky advice.’ Today very risky advice. I still believe gold, silver, bitcoin best for unstable times, although prices will go up and down.
The famous author previously said: “I do not love stocks, bonds, mutual funds, or ETFs.” However, he noted that investors should invest in what they love. In April last year, he said bonds are “the riskiest investment” in a global meltdown. “Tragically, rookie investors follow rookie advice of 60 (stocks) 40 (bonds) mix,” he opined, recommending investors buy gold, silver, and bitcoin “as insurance against morons running the world.” He also said in July last year: “I do not touch paper gold or silver ETFs. I only want real gold or silver coins.”
As for mutual funds, Kiyosaki has said for several years: “I just don’t like mutual funds. I think they’re a rip-off.” He explained in 2019: “Financial planners are henchmen for banks and mutual funds. They sell you their products, take your money, charge you fees, and use your money to get richer.”
Many people on Twitter disagreed with Kiyosaki, telling him that a well-diversified portfolio of stocks, bonds, mutual funds, and ETFs is a lot less risky than investing in gold, silver, and bitcoin. Some accused the famous author of pumping BTC for his personal gain.
Kiyosaki has been recommending gold, silver, and BTC for quite some time. He said last December that owners of the three investments will get richer when the Federal Reserve pivots and prints trillions of dollars. He predicted that by 2025, gold will be at $5,000, silver at $500, and bitcoin at $500,000. In addition, he expects gold to soar to $3,800 and silver to rise to $75 this year. Kiyosaki previously explained that he is a bitcoin investor, not a trader, so he gets excited whenever BTC hits a new bottom.
Moreover, the renowned author has repeatedly said that he does not trust the Biden administration, the Treasury Department, the Federal Reserve, or Wall Street. He has warned many times that the Fed is destroying the economy and the U.S. dollar. In October 2021, he tweeted: “I love bitcoin because I do not trust Fed, Treasury, or Wall Street.” The Rich Dad Poor Dad author recently cautioned that “everything will crash” and a depression is possible. In January, he said we are in a global recession, warning of soaring bankruptcies, unemployment, and homelessness.
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that investing in a well-diversified portfolio of stocks, bonds, mutual funds, and exchange-traded funds (ETFs) is “very risky” advice. Kiyosaki stressed that gold, silver, and bitcoin are the best investments for “unstable times.”
The author of Rich Dad Poor Dad, Robert Kiyosaki, gave some more investment advice this week. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki tweeted Friday:
For years, I have been saying, ‘Saving money & investing in a well-diversified portfolio of stocks, bonds, mutual funds & ETFs is risky advice.’ Today very risky advice. I still believe gold, silver, bitcoin best for unstable times, although prices will go up and down.
The famous author previously said: “I do not love stocks, bonds, mutual funds, or ETFs.” However, he noted that investors should invest in what they love. In April last year, he said bonds are “the riskiest investment” in a global meltdown. “Tragically, rookie investors follow rookie advice of 60 (stocks) 40 (bonds) mix,” he opined, recommending investors buy gold, silver, and bitcoin “as insurance against morons running the world.” He also said in July last year: “I do not touch paper gold or silver ETFs. I only want real gold or silver coins.”
As for mutual funds, Kiyosaki has said for several years: “I just don’t like mutual funds. I think they’re a rip-off.” He explained in 2019: “Financial planners are henchmen for banks and mutual funds. They sell you their products, take your money, charge you fees, and use your money to get richer.”
Many people on Twitter disagreed with Kiyosaki, telling him that a well-diversified portfolio of stocks, bonds, mutual funds, and ETFs is a lot less risky than investing in gold, silver, and bitcoin. Some accused the famous author of pumping BTC for his personal gain.
Kiyosaki has been recommending gold, silver, and BTC for quite some time. He said last December that owners of the three investments will get richer when the Federal Reserve pivots and prints trillions of dollars. He predicted that by 2025, gold will be at $5,000, silver at $500, and bitcoin at $500,000. In addition, he expects gold to soar to $3,800 and silver to rise to $75 this year. Kiyosaki previously explained that he is a bitcoin investor, not a trader, so he gets excited whenever BTC hits a new bottom.
Moreover, the renowned author has repeatedly said that he does not trust the Biden administration, the Treasury Department, the Federal Reserve, or Wall Street. He has warned many times that the Fed is destroying the economy and the U.S. dollar. In October 2021, he tweeted: “I love bitcoin because I do not trust Fed, Treasury, or Wall Street.” The Rich Dad Poor Dad author recently cautioned that “everything will crash” and a depression is possible. In January, he said we are in a global recession, warning of soaring bankruptcies, unemployment, and homelessness.
👍2🤔2❤1😁1🙏1
Helium Network Migration to Solana Blockchain in March Drives Significant Gains for SOL and HNT Tokens
Over the past seven days, the crypto asset solana has increased more than 23% against the U.S. dollar after the announcement that the Helium Network plans to migrate to the Solana blockchain on March 27. Helium Network’s native token, helium, has also risen, jumping 25% over the past week against the greenback.
Source
https://t.me/bitcoin_day
Over the past seven days, the crypto asset solana has increased more than 23% against the U.S. dollar after the announcement that the Helium Network plans to migrate to the Solana blockchain on March 27. Helium Network’s native token, helium, has also risen, jumping 25% over the past week against the greenback.
Source
https://t.me/bitcoin_day
🔥2👏2🥰1🤯1😱1
📣 Bitcoin is now less volatile than S&P 500 and Nasdaq
A rare 2% daily loss for the U.S. dollar index gives Bitcoin and stocks an opportunity for gains, but BTC still undercuts the rest on volatility. Bitcoin held gains above $21,000 into Nov. 5 as the U.S. dollar posted a rare major daily decline. BTC/USD building on prior strength to hit highs of $21,473 on Bitstamp — a new seven-week high.
The pair had benefited from the latest United States economic data, while the dollar conversely suffered. The U.S. dollar index (DXY) lost 2% in a day for the first time in years, helping fuel a risk asset rally. BTC had previously become notorious for its lack of volatility and narrow trading range, helping it beat even stocks for the first time ever. “For the first time in history, bitcoin is less volatile than both the S&P 500 and Nasdaq.
https://t.me/bitcoin_day
A rare 2% daily loss for the U.S. dollar index gives Bitcoin and stocks an opportunity for gains, but BTC still undercuts the rest on volatility. Bitcoin held gains above $21,000 into Nov. 5 as the U.S. dollar posted a rare major daily decline. BTC/USD building on prior strength to hit highs of $21,473 on Bitstamp — a new seven-week high.
The pair had benefited from the latest United States economic data, while the dollar conversely suffered. The U.S. dollar index (DXY) lost 2% in a day for the first time in years, helping fuel a risk asset rally. BTC had previously become notorious for its lack of volatility and narrow trading range, helping it beat even stocks for the first time ever. “For the first time in history, bitcoin is less volatile than both the S&P 500 and Nasdaq.
https://t.me/bitcoin_day
❤2👍2🤔1🎉1🙏1