Cryptonews

Cryptonews


Governments May Have Had Some Successes, but Seizing Bitcoin and Crypto Is Still Very Hard

Posted: 12 Jun 2022 04:00 AM PDT

 
It may have strong competition, but one of the most disturbing things to happen to crypto in 2022 was the Ontario Superior Court of Justice issuing a Mareva injunction. Set against the backdrop of demonstrations and blockades that "paralyzed" Ottawa early this year, this injunction permitted the seizure of cryptoassets belonging to protestors, who had been receiving financial support in the form of bitcoin (BTC) and other cryptoassets....
Read More: Governments May Have Had Some Successes, but Seizing Bitcoin and Crypto Is Still Very Hard

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This Is Why Fed Might Attack Inflation More Aggressively

Posted: 12 Jun 2022 03:00 AM PDT

Veronika Dolar, Assistant Professor of Economics, SUNY Old Westbury._______
Inflation surged at the fastest pace in over 40 years in May 2022, pushing the Federal Reserve toward a more aggressive pace of interest rate increases to slow it down. While there's concern it could cause unemployment to spike, a little-known economics indicator suggests the Fed can do so without causing too much economic pain. ...
Read More: This Is Why Fed Might Attack Inflation More Aggressively

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How to Earn Passive Income from NFTs: 4 Ways That Already Work

Posted: 11 Jun 2022 04:00 AM PDT

 
You probably aren't yet aware of this but non-fungible tokens (NFTs) represent an untapped passive income-generating opportunity.
Read on to learn how you can earn passive income with NFTs using a variety of methods that actually work.
The convergence of NFT technology and decentralized finance (DeFi) protocols has led to the potential for staking NFTs....
Read More: How to Earn Passive Income from NFTs: 4 Ways That Already Work

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Unguided Bitcoin, Ethereum in Ropsten, Open PayPal, Litecoin Delisting, Friendly Senators and 20 Crypto Jokes

Posted: 11 Jun 2022 03:00 AM PDT

Savings Bank Heavyweight OK Financial Group Reveals Cryptoasset Launch Plans

Posted: 10 Jun 2022 07:00 PM PDT

 
South Korea's OK Financial Group – one of the nation's biggest moneylenders and savings banking services providers – has unveiled plans to create a cryptoasset. The company will become one of a growing cohort of firms that are hoping to launch tokens, and this appears to indicate that the days of the nationwide ban on initial coin offerings (ICOs) may be numbered....
Read More: Savings Bank Heavyweight OK Financial Group Reveals Cryptoasset Launch Plans

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Forget the Market Slump – Inflation Will Define Bitcoin This Year and Beyond

Posted: 10 Jun 2022 03:00 PM PDT

 
Chen Li is the CEO and Founder of digital asset venture capital firm Youbi Capital._______
Inflation: the word on everyone's lips in 2022. With rising prices squeezing budgets more than we've seen in the last four decades, investors and consumers are desperate for ways to protect their purchasing power....
Read More: Forget the Market Slump – Inflation Will Define Bitcoin This Year and Beyond

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Move Over Web3 (and Web4), Jack Dorsey’s TBD Is Building Web5

Posted: 10 Jun 2022 12:41 PM PDT

Twitter and Block co-founder Jack Dorsey is back at taking shots at Web3 again as TBD, a Bitcoin (BTC)-focused subsidiary of Block, announced that it is building Web5 - a Decentralized Web Platform (DWP) that is meant to enable 'truly' decentralized apps and protocols.
According to the description on the project's site, Web5 will return data ownership back to people by utilizing decentralized data and identity tools....
Read More: Move Over Web3 (and Web4), Jack Dorsey's TBD Is Building Web5

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Lack of Interest in Australian Bitcoin ETFs Blamed on Bad Launch Timing, Strong Inflows Globally

Posted: 10 Jun 2022 12:00 PM PDT

 
Bitcoin (BTC)-backed exchange-traded funds (ETFs) of various types are now widely available to investors around the world. But the popularity of the funds varies, with investors in Australia showing almost no interest in trading the recently-launched ETFs there....
Read More: Lack of Interest in Australian Bitcoin ETFs Blamed on Bad Launch Timing, Strong Inflows Globally

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VC Play-to-Earn Investors Now ‘More Cautious’, Game Engagement Still Strong - Animoca Brands

Posted: 10 Jun 2022 10:00 AM PDT

 
This year's downturn in the crypto market has made venture capital investors in the metaverse and play-to-earn sector "more cautious," although user engagement in the games themselves remains "robust," metaverse investor Animoca Brands told Cryptonews.com....
Read More: VC Play-to-Earn Investors Now 'More Cautious', Game Engagement Still Strong - Animoca Brands

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'Ubiquitous' Crypto Payments, Custody Exchange Network, DCG and Huobi Get New Arms + More News

Posted: 10 Jun 2022 08:15 AM PDT

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.______...
Read More: 'Ubiquitous' Crypto Payments, Custody Exchange Network, DCG and Huobi Get New Arms + More News

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Mastercard to Enable Direct NFT Payment Options for Marketplace Operators

Posted: 10 Jun 2022 07:21 AM PDT

 
The payments giant Mastercard says it will begin enabling non-fungible token (NFT) trading for a range of crypto-ecosystem platforms, including the "gas-free" marketplace Immutable X, Candy Digital, the metaverse gaming title The Sandbox, Mintable, Spring, the Nifty Gateway, and the Web 3 infrastructure provider MoonPay....
Read More: Mastercard to Enable Direct NFT Payment Options for Marketplace Operators

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New Partnership to Give '82M Users' Access to .blockchain NFT Domains

Posted: 10 Jun 2022 06:00 AM PDT

 
Domain and digital identity platform Unstoppable Domains is teaming up with major crypto company Blockchain.com to launch .blockchain non-fungible token (NFT) domains. Under their plan, 82 million Blockchain.com wallet users will be able to obtain a free .blockchain domain from their wallets "in the coming weeks."...
Read More: New Partnership to Give '82M Users' Access to .blockchain NFT Domains

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Bitcoin Falls Below USD 30K as US Inflation Beats Expectations Again

Posted: 10 Jun 2022 05:34 AM PDT

 
The price of bitcoin (BTC) fell below the USD 30,000 mark today as US inflation hit 8.6% in May, up from 8.3% in April and above analysts' expectations.
"While almost all major components increased over the month, the largest contributors were the indexes for shelter, airline fares, used cars and trucks, and new vehicles," the announcement from the US Bureau of Labor Statistics said....
Read More: Bitcoin Falls Below USD 30K as US Inflation Beats Expectations Again

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Bitcoin and Ethereum Could End The Week Lower

Posted: 10 Jun 2022 04:49 AM PDT

Bitcoin price failed to stay above the USD 30,500 support zone. BTC even declined below the USD 30,000 level. It is currently (11:10 UTC) showing a few bearish signs and remains at a risk of a move below USD 29,500.
Similarly, most major altcoins are showing bearish signs. ETH is now trading well below USD 1,800. XRP could dive if it settles below the USD 0.40 support. ADA might revisit the USD 0.60 support zone in the near term.
Total market capitalization...
Read More: Bitcoin and Ethereum Could End The Week Lower

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13% of Surveyed Canadians Owned Bitcoin in 2021, Up from 5% in 2020 – Bank of Canada

Posted: 10 Jun 2022 03:04 AM PDT

 
The share of the Canadian population that owned bitcoin (BTC) reached 13% in 2021, up from just 5% a year earlier, a new report from the Bank of Canada has revealed.
According to the report, the notable increase in bitcoin ownership last year reflects easier access to the cryptocurrency through mobile applications, as well as increased investments in general by Canadians....
Read More: 13% of Surveyed Canadians Owned Bitcoin in 2021, Up from 5% in 2020 – Bank of Canada

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'First Time Ever', US Law Firm Airdrops NFT Subpoena in Exchange Hack Case

Posted: 10 Jun 2022 02:27 AM PDT

 
In what could represent a landmark legal development for the crypto industry, US law firm Holland & Knight has served a defendant a pre-trial temporary injunction as a non-fungible token (NFT), acting in a legal case involving its client, crypto exchange LCX.
For the "first time in history", "a temporary restraining order (TRO) to a defendant had been served via NFT," according to the exchange. 
Per the exchange, ...
Read More: 'First Time Ever', US Law Firm Airdrops NFT Subpoena in Exchange Hack Case

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