After testing the USD 34,500 yesterday, bitcoin price jumped 12% and is now (04:18 UTC) trading above USD 38,900. Similarly, most major altcoins trimmed losses. ETH surged 11% and broke the USD 2,600 resistance. XRP is now attempting a close above USD 0.70. ADA tested USD 0.75 and moved above USD 0.85. Total market…
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The crypto exchange declared it spent $120,000 on lobbying activities in the U.S. in the third and fourth quarters of 2021. The Crypto Council for Innovation, or CCI, has announced that Gemini will be joining its list of crypto-friendly firms aimed at supporting lawmakers on related regulation. In a Thursday announcement, the CCI said that…
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Several high-profile investment firms contributed to the funding round, suggesting interest in the space is far from waning any time soon. Crypto and nonfungible token (NFT) ecosystem analytics firm BitsCrunch has secured $3.6 million in a funding round led by Animoca Brands, Coinbase Ventures, Crypto.com Capital, and others. BitsCrunch uses AI-based analytical tools to determine…
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“Just making sh*t up” — Neal Stevenson’s science fiction novel, Snow Crash, long foretold the rise of a techno-marketing dystopia. Neal Stevenson’s Snow Crash, a techno-dystopian science-fiction novel that has become a legend among Silicon Valley tech bros, predicted the rise of a future Metaverse all the way back in 1992. Despite Stephenson saying that…
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Arthur Hayes and Benjamin Delo will each have to pay a fine for their part in flouting the Bank Secrecy Act and operating what the DOJ called a “money laundering platform.” The founders of crypto exchange BitMEX have pled guilty to violating the Bank Secrecy Act after a lengthy litigation process with the U.S. Department…
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In total, Block generated $4.42 billion worth of gross profit in 2021 marking a total YoY growth of 62%, however, net profit totaled just $77 million. Crypto-friendly digital payments tech firm Block, Inc. (formerly known as Square) posted $1.18 billion worth of gross profit in Q4, representing a growth of 47% over the same period…
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The Advertising Standards Council of India has released guidelines for the advertising and promotion of crypto assets and related services. “We had several rounds of discussion with the government, finance sector regulators, and industry stakeholders before framing these guidelines.” India’s Crypto Ad Guidelines Published The Advertising Standards Council of India (ASCI) published Wednesday “guidelines for…
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The U.S. Secret Service has launched a cryptocurrency awareness hub. The new platform “will feature the latest in the agency’s work combating illicit use of digital assets as well as provide public awareness information on digital asset security and how to ensure it remains secure.” Secret Service’s Crypto Awareness Hub The U.S. Secret Service announced…
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A number of Chinese provinces have increased the rate at which crypto miners must pay for electricity – despite the fact that mining has been outlawed in the nation…. Read More: Chinese Provinces Tighten Crypto Crackdown – Despite Setting New Electricity Rates for Miners Read more »Pay, Trade, Buy Bitcoin with Credit Card
Despite a canceled sale of 104 CryptoPunks, auction-goers and live stream participants listened to a panel of NFT experts who shared their love of Punks. CryptoPunks enthusiasts and hopeful bidders gathered Wednesday night at Sotheby’s auction house in New York City for what turned out to be a non-event after the consignor of 104 CryptoPunks…
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