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Blockchain

El Salvador Purchases 410 More Bitcoins Amid Market Drop, President Bukele Says

El Salvadaor bought 410 bitcoin for $15 million Friday, the country’s President Nayib Bukele said on Twitter. “Some guys are selling really cheap,” he added in his tweet. Bitcoin was down about 12% late Friday to the $36,500 level as broader crypto prices also retreated. Nope, I was wrong, didn’t miss it. El Salvador just […]

A Possible Russian Crypto Ban and Vitalik’s Synthetic Womb: This Is 2022

Finally, the gang unpacked Buterin’s baby pod idea, which he floated as a means of female empowerment:“Disparities in economic success between men and women are far larger once marriage+children enter the picture. Synthetic wombs would remove the high burden of pregnancy, significantly reducing the inequality,” he wrote on Twitter. Source link

Ethereum Could Hold Lead as Dominant Smart-Contract Blockchain: Coinbase Analysts

Don’t write off Ethereum just yet. The second-largest blockchain network by market capitalization after Bitcoin has become the dominant venue for some of the hottest cryptocurrency innovations, from decentralized finance (DeFi) to non-fungible tokens (NFT). The network’s popularity – and the high fees of transacting on it – has inspired a bevy of competitors aiming […]

Market Wrap: Cryptocurrencies Tumble as Global Investors Reduce Risk

The crypto market was in a sea of red on Friday as bitcoin, the world’s largest cryptocurrency by market capitalization, tumbled more than 10% over the past 24 hours. It appears that global investors have entered the year with a reduced appetite for risk, and so the correlations between speculative assets such as cryptocurrencies and […]

SEC Objects to MicroStrategy’s Accounting Adjustment for Its Bitcoin Holdings

Under standard accounting rules, the value of digital assets such as cryptocurrencies must be recorded at their cost and then only adjusted if their value is impaired, or goes down. But if the price rises, that does not get reflected until an asset is sold. Source link

Twitter Seeks Senior Crypto Role on Heels of NFT Verification Announcement

“Want to help shape the future of crypto at Twitter?” asks Tess Rinearson, Twitter’s crypto engineering lead, in a Friday tweet. The role – “Senior Product Manager, Crypto,” according to a job listing posted this week – has a special focus on “creator monetization.” “In this capacity, we’ll be looking closely at NFTs and NFT […]

Crypto Trader Tantra to Liquidate After ‘GBTC Discount’ Widens to Record

“Ultimately, after significant discussion and consideration in consultation with outside counsel and other professional advisors, the executive board determined that, in view of all the circumstances, it is in the best interest of the company to wind up operations, liquidate our balance sheet and effectuate an orderly and fair and equitable distribution of our assets.” […]

The Federal Reserve Shares Its Thinking About a US CBDC

For more than a year, the Federal Reserve has been talking about a forthcoming paper on central bank digital currencies in the U.S. Now that the paper has finally been released, NLW walks us step by step through the Fed’s thinking and shares the initial commentary from the crypto community and Washington, D.C. Source link

Here’s Why Bitcoin Tumbled 11% in 24 Hours

Another reason, according to Ben McMillan, founder of IDX Digital Assets, is leveraged long positions, which exacerbated the sell-off into the Asian open on Friday. “This is nearly always the case with bitcoin,” said McMillan, who said that “$40,000 was an important support which has now turned into a resistance level and we could certainly […]

Crypto Market Cap Falls Below $2T Amid Sell-Off

Cryptocurrencies are getting rekt. Crypto blue-chips bitcoin (BTC) and ether (ETH) breached key $40,000 and $3,000 support levels late Thursday evening, sending the broader alternative coin (altcoin) market into free fall. According to data from CoinGecko, the total market cap of the cryptocurrency industry fell 11% to $1.9 trillion as of Friday afternoon during U.S. […]

Bitcoin Sell-Off Deepens Below $40K; Minor Support Nearby

Bitcoin (BTC) failed to hold short-term support at $40,000 as sellers maintained the two-month long downtrend. Intraday oversold signals were not enough to sustain bids, which means longer-term indicators are more reliable to determine bitcoin’s price direction. BTC was trading around $38,000 at press time and is down about 10% over the past 24 hours. […]

Why Brazil Is the Big Latin American Bet for Global Crypto Exchanges

For 2022, it plans to launch its corporate trading desk, Ripio OTC, aimed at institutional investors and high-net-worth traders, Ripio Brazil’s country manager, Enrique Teixeira said. In parallel, the company is working on “various payment products” with Visa Brazil, including a crypto card and several projects with local fintech companies. Source link