News

Most read

Airbnb Could Implement Crypto Payments

Airbnb could be working on bringing crypto payments to its platform. Airbnb's CEO Brian Chesky revealed that the online lodging marketplace is implementing crypto payments. That is together with other improvements to the site. Chesky rounded up the top suggestions for new features for Airbnb's service in a recent Twitter post. On Monday, Chesky asked its users what Airbnb should launch for 2022. He received 4000 submissions from users. Out of these, implementing crypto payments was the top suggestion. https://twitter.com/bchesky/status/1478553642357559296 Chesky…

Editor's Choice

Pakistan Central Bank Proposes Total Crypto Ban

Pakistan's authorities consider a complete ban on crypto after a scandal that cost thousands of investors $100 million. A committee headed by the bank's deputy governor recommended a complete ban on crypto. On Thursday, Sima Kamil, deputy governor of the State Bank of Pakistan (SBP), submitted the findings to the provincial court. After a careful risk-benefit analysis, it emerged that risks of cryptocurrency far outweigh its benefits for Pakistan. The committee cited concerns over the balance of payments, losses to…

Sneaky New Scam Robs Crypto Startups Of $300k+ Using Bitcoin

Small crypto startups are being duped for hundreds of thousands of dollars worth of Bitcoin by figures posing as VCs. Victims reportedly include RematicEGC (RMTX), Taboo token (TABOO), and InstantXRP (INSTANT XRP) – all of which recently suffered massive price dumps. Rematic Gets Robbed Mike Pazuki – CEO of RMTX – recently spoke with CryptoAdventure to share details regarding the scam. He recalled being contacted by two individuals through LinkedIn that claimed to be investors. They both expressed initial interest…

UK Regulator Bans Misleading Crypto Ads

The Advertising Standards Authority (ASA), the UK's independent advertising regulator, has again intervened in the UK crypto market. A few days ago, the advertising authority issued several orders on violations involving six crypto companies. These companies also include big names among the most popular exchanges in the sector, including several brokers. Within this article, we will better analyze the decision of the ASA, studying its context and reasoning over its nuances.  What didn’t the regulator appreciate? The ASA explained that,…

DYP Founder Shows Faith in the DYP PAW NFT Collection with BAYC NFT Purchase

The DeFi Yield Protocol’s CEO and founder, Mihai Nicusor Busica, revealed he purchased an NFT from the Bored Ape Yacht Club collection on January 3 through a Twitter post. Mihai acquired the #1112 Bored Ape for a whopping 80 ETH, which is the equivalent of $304,000. His announcement comes two weeks before the launch of the protocol’s NFT collection, the Cats and Watches Society. The event set to unroll on January 17 will also entail the launch of its V2…

What's hot

Pakistan Central Bank Proposes Total Crypto Ban

Pakistan's authorities consider a complete ban on crypto after a scandal that cost thousands of investors $100 million. A committee headed by the bank's deputy governor recommended a complete ban on crypto. On Thursday, Sima Kamil, deputy governor of the State Bank of Pakistan (SBP), submitted the findings to the provincial court. After a careful risk-benefit analysis, it emerged that risks of cryptocurrency far outweigh its benefits for Pakistan. The committee cited concerns over the balance of payments, losses to…

Sneaky New Scam Robs Crypto Startups Of $300k+ Using Bitcoin

Small crypto startups are being duped for hundreds of thousands of dollars worth of Bitcoin by figures posing as VCs. Victims reportedly include RematicEGC (RMTX), Taboo token (TABOO), and InstantXRP (INSTANT XRP) – all of which recently suffered massive price dumps. Rematic Gets Robbed Mike Pazuki – CEO of RMTX – recently spoke with CryptoAdventure to share details regarding the scam. He recalled being contacted by two individuals through LinkedIn that claimed to be investors. They both expressed initial interest…

Bitcoin Dips Below $40k, Approaches ‘Death Cross’

It's been a lousy week for Bitcoin. First, the largest crypto dipped below $40,000 as crypto markets lost $1 trillion in market cap. Technical indicators are not looking good either. Bitcoin metrics are approaching the so-called "death cross." The ominously named technical indicator triggers BTC's 50-day moving average fell below the 200-day moving average. Typically, the indicator signals an even more bearish turn for the asset. It is usually a signal that investor sentiment has shifted lower in traditional markets.…

How Adidas Is Entering the NFT Market

The modern fashion industry is rapidly discovering the massive potential of the NFT marker to boost the sector’s revenues. From luxury brands such as Dolce & Gabbana to sporting clothing, blockchain technology leads to new business models. This article will discuss Adidas, the latest multinational clothing company to join the NFT market. After reminding readers about the NFT concept, we will analyze Adidas's choice and place it in a broader market context. The popularity of NFTS An NFT (non-fungible token)…

UK Regulator Bans Misleading Crypto Ads

The Advertising Standards Authority (ASA), the UK's independent advertising regulator, has again intervened in the UK crypto market. A few days ago, the advertising authority issued several orders on violations involving six crypto companies. These companies also include big names among the most popular exchanges in the sector, including several brokers. Within this article, we will better analyze the decision of the ASA, studying its context and reasoning over its nuances.  What didn’t the regulator appreciate? The ASA explained that,…

DYP Founder Shows Faith in the DYP PAW NFT Collection with BAYC NFT Purchase

The DeFi Yield Protocol’s CEO and founder, Mihai Nicusor Busica, revealed he purchased an NFT from the Bored Ape Yacht Club collection on January 3 through a Twitter post. Mihai acquired the #1112 Bored Ape for a whopping 80 ETH, which is the equivalent of $304,000. His announcement comes two weeks before the launch of the protocol’s NFT collection, the Cats and Watches Society. The event set to unroll on January 17 will also entail the launch of its V2…

Jack Dorsey VS Web 3.0: Why Twitter’s Founder Is A Bitcoin Maximalist

The Twitter drama over Jack Dorsey and Web 3.0 highlights a timeless conflict bubbling under the surface of the crypto community.   It's been an eventful holiday season for Twitter co-founder and Block CEO Jack Dorsey. In late November, he caught the world's attention after forfeiting the former company's leadership to CTO Parag Agrawal. Though he left no explicit details about his plans in his goodbye message, his rhetoric was a major giveaway. “I believe it's critical a company can…

Battle of Metaverses. Facebook, Microsoft, Google and Apple. Who will dominate?

We hear it mentioned more and more often, although it is not yet entirely clear what it is, mainly because it does not yet exist in fact. The Metaverse appears to be on the verge of representing the next technological revolution, with obvious impacts on blockchain technology. The most prominent is undoubtedly Mark Zuckerberg, who is investing rivers of dollars in the new hyper-connected virtual reality. The Facebook founder believes so much in this project that he rebrands his company…

3 Metaverse Crypto Tokens to Invest in 2022

The Metaverse topic has gained tremendous popularity throughout 2021, and this trend is not expected to stop in 2022. The market is convinced of this prediction, as companies like Facebook Meta Platforms Inc. or Microsoft are making significant investments in this sector. In light of this, the popularity of the Metaverse is expected to have significant repercussions on blockchain in 2022. Apart from the large companies mentioned, the new year will likely see new developers' birth of exciting projects. This…

How Much NFT Games Generated in Q3 2021

Those who still are sceptical about the potentials of blockchain technology in the gaming industry will probably be convinced by the last outstanding business numbers. As a report by Blockchain Game Alliance (BGA) point out, only in Q3 2021 did NFT games managed to generate $2.3 billion in revenue. This impressive number amounts to more than 20% of the whole NFT trading volume across all the industries in the report. One could easily simplify this number, saying that one every…

More news

Spain To Crack Down On Crypto Influencers

In an effort to protect investors - and combat on crypto scams - Spain will crack down on crypto influencers. New regulations will require large influencers to notify authorities before promoting crypto. They will also have to warn of the risks associated with crypto investing.Moreover, influencers will have to disclose to their fans that they are getting money to promote crypto. Influencers that don't follow these rules will have to pay steep fines. New rules mean that influencers will have…

WMA: Bitcoin and Most Altcoins Are Back Trading in the Green

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $2,088 trillion. Bitcoin is up by almost 3% after a week of recovery. Ethereum increased by roughly 7% after seven productive days. XRP is up by almost 43% this week. Most altcoins are trading in the green, with very few exceptions. The DeFi sector added over $3.5 billion to the Total Value Locked in…

Crypto Jobs Up 395% – Texas and Florida Lead

Crypto-related job postings skyrocketed last year, following the strong performance of crypto markets. Texas and Florida emerged as new hubs for crypto jobs.  LinkedIn has reported an astonishing 395% growth of job postings related to crypto. A survey by Linkedin showed a sharp rise in job postings with terms like "cryptocurrency", "bitcoin", and "blockchain" in 2021. Moreover, the growth in crypto jobs outpaced the broader tech industry, which saw a 98% increase in listings. Most job postings were in finance…

Kim Kardashian and Mayweather Jr. Face Pump n’ Dump Crypto Lawsuit

Kim Kardashian has allegedly tricked investors into a cryptocurrency scam involving EthereumMax. She is part of a group of celebrities, including Floyd Mayweather Jr. and Paul Pierce, accused of a “pump n’ dump” scheme. They convinced millions of their social media followers into buying the digital coin. Then, once its price inflated, they sold their holdings for a considerable, yet illicit, profit. Some of the victims filed a class-action complaint last Friday in the U.S. District Court for the Central…

Rio de Janeiro Will Allocate 1% Of Treasury To Bitcoin

Talks about Bitcoin in Brazil are commonplace, but concrete political action has now been taken to adopt it. Eduardo Paes – mayor of Brazilian city Rio de Janeiro – recently announced plans to invest 1% of the city’s treasury in Bitcoin. His city will join a list of other political jurisdictions making small allocations to the cryptocurrency, eyeing its long-term potential.  Rio Hops On Bitcoin Paes announced the city’s new plans in a presentation at Rio Innovation week in conversation…

Visa Survey: 1 of 4 Small Businesses to Accept Crypto Payments in 2022

Who said Bitcoin is bad for payments? The 6th edition of Visa’s Global Back to Business study found that nearly a quarter of small businesses plan to accept crypto transactions in 2022 – including Bitcoin. Rapid Crypto Adoption Incoming? According to the study, 82% of small and micro businesses (SMB’s) will accept some form of digital payment option this year. Meanwhile, 73% see getting new forms of payment as essential for growing their businesses. “Of those surveyed, 24% said they…

Parler Launches Trump NFTs

Parler, a self-proclaimed free speech platform launched an NFT collection featuring former President Donald Trump. The 10,000 NFTs will feature Trump in a variety of settings, from the U.S. Congress and beyond. It will also feature other influential figures, including rapper Ye (Kanye) West and billionaire Elon Musk. The social media network popular among U.S. conservatives partnered with Jon McNaughton to produce the art. McNaughton, a conservative American artist, hand-painted hundreds of images to create the collection. According to the press…

Confirmed: Jack Dorsey’s Block Will Build A Bitcoin Mining System

Jack Dorsey has begun yet another quest to expand the security and adoption of Bitcoin worldwide. His company Block Inc. has confirmed its plans to develop a global Bitcoin mining system. The CEO confirmed the news in a tweet today, with a team member explaining details on the project in a thread. A Mission To Decentralize Mining According to Thomas Templeton – Block’s general manager for hardware – Block’s goal is to make mining “more distributed and efficient”. This includes…

Former MP Predicts Tonga Will Make Bitcoin Legal Tender By November

Another nation may be on the way to adopting a Bitcoin standard, making the cryptocurrency legal tender. Lord Fusitu'a – a former Tongan MP – recently said that he expects his country to pass a Bitcoin legal tender law by the end of the year. The bill is intended to model El Salvador’s Bitcoin law, which made it an official currency in September. Is Tonga Next? Fusitu’a offered his prediction in a tweet on Friday, outlining the steps to put…

Ledger CEO Claims Retail Investors Are Moving Bitcoin Prices

On-chain statistics represent a new methodology designed to gain more insight into the crypto market. However, as a new industry, the blockchain sector initially faced an apparent lack of data, with consequent difficulties in realising accurate analyses. Finally, we are entering a more mature market phase after several years. For example, one prominent crypto community member has recently pointed out that Bitcoin (BTC) prices appear to be pushed more and more by retail investors. This article will sum up the…

Solana Leads Recovery After Bank of America Endorsement

Solana led other significant cryptos in recovery after a powerful endorsement from a central U.S. investment bank. Its price rose over 7% in the last 24 hours. For comparison, Bitcoin, Ethereum and BNB rose less than 1% in the same period. Solana’s strong performance resulted from a powerful endorsement by a major player. Specifically, Bank of America covered Solana in a research note to its clients. The investment bank said Solana could become the "Visa of digital asset ecosystem" and…

Strike Expands Crypto Wallet to Argentina, But It Only Holds Tether

After inspiring El Salvador’s government to adopt a Bitcoin standard, Strike is expanding its operations to another central American country. Yesterday, CEO Jack Mallers announced Strike’s launch in Argentina and were set to act as a cost-effective remittance service using Bitcoin. However, it would seem that in-wallet assets are stored in neither dollars nor BTC, using Tether instead. Strike’s Significance In Argentina Mallers revealed his company’s expansion in a tweet on Tuesday, alongside a thread explaining its significance. “Today, we…

US Congressman Introduces Bill Preventing Fed From Issuing CBDC To Individuals

With discussions for a US-based CBDC underway, forces are already acting to ensure it doesn’t mimic China’s digital yuan. For example, Tom Emmer – a Republican House member – recently introduced a bill preventing the Fed from issuing a CBDC directly to individuals. Stepping Away From Authoritarianism Emmer announced the bill in a tweet on Wednesday, attached to a thread explaining its purpose. He insisted that a United States CBDC must ensure financial privacy, cultivate innovation, and maintain the dollar’s…

BTC Rally Burns Shorts – Indicators Signal Bottom

Bitcoin recovered slightly over the last 24 hours, hovering above the $42,000 mark. Crypto market cap edged back above $2 trillion on BTC recovery. The largest crypto rose 1.5% in the last 24 hours. Moreover, altcoins posted even more significant gains. The most prominent innovative contract network crypto Ethereum rose by 4% to $3,250. On the other hand, the Binance coin rose by 3% to $465, and Solana rose by almost 5% to $143. Cardano, Avalanche and Polkadot posted even…

Bitcoin Is Not An Inflation Hedge, According To Mark Cuban

On Monday, Dallas Mavericks owner Mark Cuban and prominent Bitcoiner Preston Pysh were at it again over Twitter. Amid their argument, Cuban asserted that Bitcoin was not and would never be an inflation hedge. Instead, like his Shark Tank co-star Kevin O’Leary, Cuban is primarily interested in a range of other altcoins, including Doge. The Argument The spat began with Cuban wishing that spambots advertising various crypto projects on Twitter would disappear. But, unfortunately, such spam is rampant in crypto…

Just 5% of JP Morgan’s Clients Think Bitcoin Hits $100k This Year

Perhaps unsurprisingly, the traditional finance world doesn’t appear nearly as bullish on Bitcoin as the crypto community. According to a poll from JP Morgan, only 5% of their clients envision the asset reaching $100 000 by the end of the year. That said, most expect it to recover from its current slump and grow at least 50% within 12 months. Wall Street’s Bitcoin Bets As reported by BNN Bloomberg, JP Morgan’s survey results show a healthy mix of bears and…

Two Golden State Warrior Players To Receive A Bitcoin Salary 

Paying no mind to the crypto market’s bearish slump, the sports world is doubling down on its faith in digital, sound money. Klay Thompson and Andre Iguodala – players for the Golden State Warriors – are the latest athletes to accept a Bitcoin salary. Coincidentally, the NFL’s Saquon Barkley released a Twitter thread the following day explaining what Bitcoin means to athletes like themselves. The Future of Money Iguodala announced his new Bitcoin salary on Sunday, as part of a…

US Congressional Candidates Sell NFTs To Finance Campaigns

Celebrities and athletes aren’t the only ones aping into the NFT game. Digital assets are now part of political strategy. Two US congressional candidates have taken to selling NFTs to raise funds for their midterm election campaigns. The campaigners using this strategy cross party lines, though positive attitudes towards crypto among current congresspeople do not. Selling NFTs Like MAGA Hats As reported by Bloomberg, the strategy is currently being used by California Democrat Shrina Kurani, and Arizona Republican Blake Masters.…

Bill Miller: Bitcoin Is 50% Of My Portfolio

It looks like Michael Saylor isn’t the only billionaire to make Bitcoin his premier asset holding. Bill Miller – top investor and former chairman of Legg Mason Capital Management – recently revealed that Bitcoin comprises half of his portfolio. He recommended that other investors become at least 1% allocated to the asset, calling it “insurance against financial catastrophe.” Miller’s Growing Bitcoin Position Miller revealed his Bitcoin position in an interview with Wealthtrack on Friday. In explaining his lack of diversification,…

WMA: The Crypto Market Loses $300 Million in Dreadful Bloodbath

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,973 trillion. Bitcoin is down by almost 12% and trading just above $42,000. Ethereum is down by roughly 18% after a terrible week. XRP dropped by almost 13% over the past seven days. Most altcoins are trading in the red, with very few exceptions. The DeFi sector lost over $7 billion from the Total…

First US Bitcoin ETF A Bottom 10 Performer On Two-Month Returns

December of 2021 wasn’t kind to crypto, and it shows on the derivative markets. ProShares Bitcoin Strategy ETF – the first Bitcoin ETF to arrive in the United States – is now one of history's worst-performing issuers two months after listing. This is despite a euphoric start, during which the fund was the NYSE’s second most excellent opening-day performer of all time. Bullish Opening, Bearish Aftermath As reported by Bloomberg, BITO ranked as a top ten worst performing issuer when…

Barclays Wealth Manager Leaves Company For Bitcoin Suisse

Dirk Klee – former wealth manager at Barclays Wealth – has left the company to assume leadership at Bitcoin Suisse. His new position takes effect on April 1st, 2022, succeeding Dr Arthur Vayloyan, a board member. Financial Services and Crypto Bitcoin Suisse revealed the new appointment in a statement on Friday. Klee was CEO of Wealth Management and Investments for three and a half years and had two decades of experience in similar roles. These include positions as COO of…

Crypto Miners Not Leaving Kazakhstan, Despite Chaos

As Kazakhstan is in turmoil, crypto mining has come to a standstill. Yet, Kazakhstan's crypto miners are not planning to leave the country just yet. BIT Mining, a large mining company in Kazakhstan, is still evaluating the situation in the country. However, they don't believe they will have to evacuate just yet. It is unlikely that our mining machines will be evacuated to North America Mining came to a standstill in the country after authorities shut down the internet amid…

Mike Novogratz Thinks $38k Is Bitcoin’s Next Bottom

With Bitcoin now under $45k support that it held for weeks, market sentiment is in the gutter. However, Mike Novogratz thinks the price will bottom out soon within the $38k to $40k range. He believes institutions are likely interested in buying the dip within that range. Institutions and Inflation Novogratz expressed his current view of the market in conversation with CNBC’s Squawk Box on Thursday. He said that he knows “big institutions” that are preparing to put positions on Bitcoin,…

Congress Will Reportedly Hold Oversight Hearing On Bitcoin Mining’s Environmental Impact

With network hash rate at all-time highs, energy-use concerns still plague Bitcoin’s reputation, including among government officials. According to familiar sources, a US congressional subcommittee is preparing a hearing on the environmental impact of Bitcoin mining. Bitcoin’s Energy Consumption The Oversight and Investigations subcommittee of the House Energy and Commerce Committee is preparing the hearing, reported The Block on Wednesday. They are preparing a witness roster that can account for energy use as it pertains to proof-of-work Bitcoin mining. Proof-of-work…

Kazakhstan’s Central Bank and its CBDC Experiment

The political world appears increasingly divided on the issue of cryptocurrencies. In 2021 we observed regulatory choices that sometimes oppose each other. For instance, some advocate for a total ban of cryptocurrencies. However, others look to adopt Bitcoin or CBDCs as a legal digital tender. And, last year, we saw them all. Recently, Kazakhstan has joined the group of countries studying this type of solution in 2021. After months of analysis, the government has postponed a definitive choice on the…