Cryptonews

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Cryptonews

5 Ways to Earn Sats in the Bitcoin Lightning Network Economy

Posted: 02 Jul 2022 04:00 AM PDT

The Lightning Network has reopened the opportunity for bitcoin (BTC) to be used in micropayments, enabling a range of bitcoin-centric business models that empower Internet users to earn sats. 
Read on to discover five ways to earn bitcoin in the Lightning Network economy.
One of the most innovative ways to earn sats is to become a regular contributor on Stacker News. ...
Read More: 5 Ways to Earn Sats in the Bitcoin Lightning Network Economy

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More Crypto Meltdowns, Filling Bitcoin Coffers, Strict Regulation and 20 Crypto Jokes

Posted: 02 Jul 2022 03:00 AM PDT

Crypto Turmoil: 3AC Files for Bankruptcy, FTX and BlockFi Agree, Suspensions at Voyager

Posted: 01 Jul 2022 10:24 PM PDT

Multiple important news reached the market as another week of harsh crypto winter neared its end, providing more clarity on where some major industry players stand....
Read More: Crypto Turmoil: 3AC Files for Bankruptcy, FTX and BlockFi Agree, Suspensions at Voyager

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Japanese Trust Banks Likely to Gain Permission to Handle Crypto from Autumn

Posted: 01 Jul 2022 05:00 PM PDT

Japan is set to allow trust banks to manage cryptoassets – after a top financial regulator announced plans to roll out legislation that could become legally binding later this year.
The newspaper Nikkei reported that the Financial Services Agency (FSA), the body that polices both the banking sector and the domestic crypto industry wants to "deregulate" trust banks, a measure that will allow these financial institutions to handle coin deposits....
Read More: Japanese Trust Banks Likely to Gain Permission to Handle Crypto from Autumn

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Media & Police Investigate Crypto Links as Family Found Dead in South Korean Sea

Posted: 01 Jul 2022 01:00 PM PDT

Police in South Korea investigating the deaths of a 10-year-old child named Cho Yu-na and both of her parents have announced that the family had made numerous bitcoin (BTC) investments, but denied there was any evidence of luna classic (LUNAC) investments.
The bodies of the trio were found in an upturned car in waters off the coast of the island of Wando, South Jeolla Province, in the Southwest of the country....
Read More: Media & Police Investigate Crypto Links as Family Found Dead in South Korean Sea

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Crypto Selloff Proves Computer Code Leads To ‘Better Outcome’ Than Human Discretion - Arthur Hayes

Posted: 01 Jul 2022 10:00 AM PDT

Pure decentralized finance (DeFi) protocols have fared far better than the more centralized crypto lending and borrowing companies during this bear market. This proves that computer code and transparent standards give "a better outcome," crypto essayist and former BitMEX CEO Arthur Hayes wrote....
Read More: Crypto Selloff Proves Computer Code Leads To 'Better Outcome' Than Human Discretion - Arthur Hayes

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Celsius' Options, Tether's Commercial Paper, Blockchain.com vs. Three Arrows + More News

Posted: 01 Jul 2022 08:38 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.
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Read More: Celsius' Options, Tether's Commercial Paper, Blockchain.com vs. Three Arrows + More News

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Three Arrows CEO Zhu Su Seeks to Sell Luxury Singapore Mansion – Reports

Posted: 01 Jul 2022 08:03 AM PDT

Zhu Su, the co-founder and CEO of the troubled crypto hedge fund Three Arrows Capital, is reportedly seeking to sell a mansion he owns in Singapore.
The CEO has been trying to offload at least one of his so-called good-class bungalows in the past couple of weeks, Bloomberg reported, citing undisclosed people with knowledge of the matter. ...
Read More: Three Arrows CEO Zhu Su Seeks to Sell Luxury Singapore Mansion – Reports

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Global Anti-Money Laundering Watchdog Presses Countries, Crypto Exchanges to Implement Key Requirement Faster

Posted: 01 Jul 2022 07:13 AM PDT

The Financial Action Task Force (FATF) is intensifying its pressure on virtual asset service providers (VASPs) and countries to accelerate the implementation of its rules on digital assets, as only a quarter of responding jurisdictions are currently making efforts to pass legislation to implement the organization's key requirement, indicates the organization's recent report....
Read More: Global Anti-Money Laundering Watchdog Presses Countries, Crypto Exchanges to Implement Key Requirement Faster

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Coin Race: Top Winners/Losers of June, Q2, and H1; Bitcoin Sees Worst Month Ever

Posted: 01 Jul 2022 06:10 AM PDT

July is here, and both June and the first half of 2022 – which admittedly have been pretty miserable for the crypto market – are now finally behind us.
As usual, we take a look at how the most popular coins in the market have performed for the past month, quarter, and half-year....
Read More: Coin Race: Top Winners/Losers of June, Q2, and H1; Bitcoin Sees Worst Month Ever

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Bitcoin and Ethereum Trend Lower, Best Performing Altcoins Trim Gains

Posted: 01 Jul 2022 05:03 AM PDT

Bitcoin price is back below the USD 19,500 support zone. It is currently (11:44 UTC) consolidating near USD 19,200 and is almost unchanged in a day and down 7% in a week. Earlier today, BTC ested USD 20,500.
Similarly, most major altcoins are struggling to recover losses. ETH is nearing USD 1,000 again while XRP might revisit the USD 0.30 support zone. ADA is back below the USD 0.45 pivot level.
Total market capitalization...
Read More: Bitcoin and Ethereum Trend Lower, Best Performing Altcoins Trim Gains

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Meta Launches NFT Support on Facebook

Posted: 01 Jul 2022 03:21 AM PDT

Facebook parent company Meta has enabled a group of US creators to show non-fungible tokens (NFTs) on their profiles.
Meta has launched digital collectibles support on Facebook with select creators and only in the USA, and has already begun a slow rollout, TechChrunch reported, citing a company spokesperson.
The news of the launch was shared by the product manager for Meta, Navdeep Singh on Thursday, along with several screenshots....
Read More: Meta Launches NFT Support on Facebook

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'More Work to Be Done' as EU Imposes Strict New Crypto Regulations

Posted: 01 Jul 2022 02:06 AM PDT

After the EU has reached an agreement on cryptoasset regulation that sets out strict rules for all actors in the crypto market, the crypto industry reminds itself that there's still "more work to be done."...
Read More: 'More Work to Be Done' as EU Imposes Strict New Crypto Regulations

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Following MicroStrategy, El Salvador's Bukele Buys Another Bitcoin Dip Too, Skeptics Chime In

Posted: 01 Jul 2022 01:04 AM PDT

After MicroStrategy's return this week, El Salvador's President Nayib Bukele has also broken his recent silence on all things bitcoin (BTC)-related. He announced that the country has bought the latest "dip" – splashing out on BTC 80 virtual coins at a price of USD 19,000 per bitcoin.
The purchase – which ElSalvador.com pointed out was made using public funds – cost the nation some USD 1.5m....
Read More: Following MicroStrategy, El Salvador's Bukele Buys Another Bitcoin Dip Too, Skeptics Chime In

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FTX and Ledn Compete for Troubled BlockFi - Reports

Posted: 30 Jun 2022 09:57 PM PDT

Both major crypto exchange FTX and crypto lender Ledn have reportedly joined the race for a stake in the troubled crypto lender BlockFi.
Bloomberg and CNBC reported about the ongoing negotiations between BlockFi and FTX. According to CNBC's undisclosed sources, FTX is close to finalizing a term sheet to buy BlockFi for USD 25m and a deal is expected to be signed by the end of this week. In March, the lender was valued at USD 3bn....
Read More: FTX and Ledn Compete for Troubled BlockFi - Reports

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Bitcoin and Ethereum Trim Gains After Strong Jump, AR and AMP Rally

Posted: 30 Jun 2022 09:29 PM PDT

Bitcoin tested the USD 18,800 support zone, where the bulls emerged and pushed the price above USD 20,500 before going lower again. BTC is currently (04:09 UTC) trading near USD 19,600 and is still down 3% in a day and almost 5% in a week....
Read More: Bitcoin and Ethereum Trim Gains After Strong Jump, AR and AMP Rally

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