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Blockchain

El Salvador Plans to Offer Crypto-Based Loans for SMEs

According to Steiner, the government has been in talks with Acumen since October 2021, following the approval of bitcoin as legal tender in the Central American country. In parallel, it holds negotiations with different crypto lending platforms looking to provide loans to Salvadoran SMEs, Steiner said, adding that, if signed, the agreements could total $200 […]

E-Commerce Giant Mercado Libre Invests in Crypto Firms Paxos, 2TM

“As a leading technology company, we are actively evaluating the various innovations and opportunities around this market as it evolves, aiming to be a core participant in this disruption. Digital assets and blockchain technology represent a unique, global and collective phenomenon that breaks barriers and creates a level, open playing field for all users to […]

Bitcoin Dips Below $40,000 During Broader Asia Market Sell-Off

Ether, Solana, and other L1s also slip during Asia trading day Jan 21, 2022 at 4:11 a.m. UTC Updated Jan 21, 2022 at 4:11 a.m. UTC Bitcoin’s price fell below $40,000 for the first time in months in the early hours of Jan. 21. (CoinDesk Bitcoin Price Index) Source link

Bitcoin Mining Difficulty Sets New All-Time High

Mining difficulty on the Bitcoin network increased by 9.32% and hit an all-time high of 26.64 trillion on Jan. 21, at 3:07 UTC, beating the previous record set on May 13, 2021. The difficulty is automatically adjusted based the amount of computational power on the network, or hashrate, to keep the time it takes to […]

Witnesses Debate Crypto Mining’s Efficiency in Congressional Hearing on Environment

Rep. Cathy Rodgers (R-Wa.), who began the hearing with an off-topic speech about inflation, COVID and the current U.S. president, asked about the potential of blockchain to protect citizens’ privacy, as well as the potential adverse impact of regulation on job and investment growth. Rep. Annie Kuster (D-N.H.) inquired about innovations that could stem from […]

First Mover Asia: Bitcoin, Altcoins Rise and Then Sink

Good morning. Here’s what’s happening: Market moves: The largest cryptocurrency by market capitalization falls under $41,000; ether and other major altcoins also drop. Technician’s take: Oversold conditions are attracting short-term bitcoin buyers. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $40,882 -2.2% Ether (ETH): […]

Robinhood Begins Testing Crypto Wallet

Retail trading platform Robinhood Markets (HOOD) has launched a beta version of the company’s crypto wallet, selecting 1,000 customers from its waitlist. Robinhood will expand the test to 10,000 customers by March before further expanding it to the rest of its WenWallets waitlist, according to a blog post Thursday. The company said it will add […]

Finra Considering Changes to Crypto Regulations to Better Protect Investors: Report

The CEO of the Financial Industry Regulatory Authority (FINRA) said the self-regulatory body will look at potential changes to crypto regulations this year as crypto adoption grows, Barron’s reported, citing a virtual conversation with Securities Industry and Financial Markets Association (SIFMA) CEO Kenneth Bentsen Jr. on Wednesday. CEO Robert Cook said FINRA isn’t looking at […]

Bitcoin Rises Despite Russia’s Proposed Crypto Ban

On Thursday, Russia’s central bank suggested that lawmakers need to implement regulations to effectively ban domestic crypto-related activities. The bank made it clear, however, that is not suggesting banning ownership of crypto by private citizens. Instead, the proposal targets Russian institutional investors, financial infrastructure providers and other organizations that could facilitate crypto transactions. Source link

Simpin' Ain't Easy: The Business Sense Behind IreneDAO

Simplicity. Integrity. Meaning. Purpose. Apart, these are empty buzzwords. But together, they’re something more: S.I.M.P., a kind of online commandment, and the meme at the heart of a new NFT project called IreneDAO, which has become a case study in how crypto is monetizing a certain kind of obsessive relationship between fans and content creators. […]

Is Russia Trying to Ban Bitcoin?

This episode is sponsored by Nexo, Abra and FTX US. Download this episode NLW covers stories that show the full breadth of the crypto industry in 2022. In the first, he looks at a new report from the Russian central bank advocating a near-total ban on bitcoin and crypto in the country, along with new […]

Bitcoin Returns Above $43K; Resistance Near $45K-$48K

Bitcoin (BTC) buyers are attempting to reverse a short-term downtrend on the charts. Over the past two weeks, price action has been anchored around the $40,000 support level, which is where buyers previously stepped in ahead of the October price rally. Still, the cryptocurrency could face resistance around $45,000-$48,000 as intraday signals approach overbought territory. […]