Today at Chaintalk News

December 8, 2022

Mike Kayamori AMA: Entrepreneurship And Japanese Crypto Regulation

By ChainTalk TV

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US Rep Maxine Says A Subpoena On FTX’s Sam Bankman-Fried Is “On The Table” As Calls For His Probe Intensify

House Financial Services Committee Chair Maxine Waters has confirmed they will subpoena Sam Bankman Fried (SBF) if the disgraced ex-FTX CEO fails to turn up for a probe session at Capitol Hill following an earlier “request.” Waters made the comments earlier today while responding to claims that she did not plan to subpoena Sam to
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Analysts suggest dropping The Sandbox (SAND) and Quant (QNT) for Orbeon Protocol (ORBN)

Cryptocurrency markets are in a volatile state, with prices swinging dramatically every day. For anyone looking to get involved in the cryptocurrency craze, it can be difficult to know what is actually worth investing in. In this article, we will compare Orbeon Protocol (ORBN), a novel investment platform forecasted for 6000% growth in presale, with … Analysts suggest dropping The Sandbox (SAND) and Quant (QNT) for Orbeon Protocol (ORBN) Read More »
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Solana Price Falls Below $14 – Does This Signal A Gloomy Week For SOL?

In the previous month, Solana (SOL) has failed to make progress as the token fell victim to the market contagion brought about by the collapse of crypto exchange FTX. As of this writing, all time horizon indicators for Solana’s native token SOL are red. Since succumbing to market contagion, Solana has continued to bleed Using bearish metrics and technical indicators, we may anticipate a more negative outlook. The token and ecosystem of SOL are not looking good according to other indicators. As per LunarCrush’s data, both social media mentions and engagements are declining. Messari adds that the asset’s unappealing volatility and low returns make it less attractive to investors and traders. What will happen to SOL now that its price has dropped below $14? Will it pull out of the dark or sink much lower? Related Reading: Up Or Down? What To Expect From Solana (SOL) In The Homestretch Of 2022 Solana Price Trajectory: Below Its Target The coin has been trading around $13.5314, well below the bullish aim of $14 and $15. Recent weeks have seen SOL bulls aiming for this level. It all starts on November 15 when bulls attempt to reach $15 but fail. After these attempts, the price fell below $14, where it has remained ever since. Due to bearish technical indicators, it is unlikely that SOL will surpass the $14 or $15 barrier level. On a timescale of four hours, the token’s RSI values are neutral and declining. The bearishness of SOL is further corroborated by its MFI, which is likewise declining. Although the token’s Bollinger band is rather wide, the moving average of is acting as resistance at $13.8150. In spite of this, a positive price pullback may still be warranted, as the prior price movements were in sync with the bullish XABCD harmonic pattern. If momentum permits, the price pullback objective will be $14 with a probable aim of $15. With negative technicals, however, bulls can rely on the $13.3081 support to help maintain sideways momentum and as a potential rally launching point. SOL Bears Are Everywhere Although the support has been resilient against the bears’ previous assaults, a breach of the $13.3081 support might send the price below $13.0951. Overall, SOL will not rebound in the near future. There is a greater probability of a negative breakout in SOL, so investors and traders should tread carefully. Related Reading: Quant Shows Potential For Surge Beyond $150 – Can QNT Hit Its Target? SOL total market cap at $4.6 billion on the daily chart | Featured image: Freerange Stock, Chart: TradingView.com
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Swissquote to function in Cyprus; receives a license from CySEC

Swissquote, a Swiss banking group, took to Twitter to announce their new setup of Swissquote Capital Markets in Cyprus. Yesterday, the Cypriot subsidiary of Swissquote Capital acquired the license from CySEC,. With this new opening in the European Union, Swissquote aims to expand systematic and successful foreign exchange trading in the European territory. Following its …
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Three most popular newly-listed cryptocurrencies by highest demand

Investors still seem to be showing interest in the possibilities of newly listed digital assets, even though the cryptocurrency market … Continued The post Three most popular newly-listed cryptocurrencies by highest demand appeared first on Finbold .
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Cardano (ADA): The inspiration behind ETH’s PoS transition!

Cardano was the first blockchain in the top 10 cryptocurrencies to utilize the power of proof of stake. While the principles and novel idea of implying proof of stake have differed in the past, the outlook for the token has remained under the Ouroboros protocol. The claimed energy efficiency isn’t the best in the market …
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Eightcap notes increase in crypto derivatives trading

November left its mark on crypto investors worldwide. After leaked Alameda Research’s (FTX’s sister hedge fund) balance sheets revealed billions of dollars’ worth of FTX’s own token FTT was held by the fund. The token was then used to furnish further loans to add to the shock. If FTT was to suddenly drop then both
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Binance Labs to Conduct Private Round II for GoPlus Security

Binance Labs, the venture capital, development, and incubation division of Binance, has confirmed that it is conducting a private round II for GoPlus Security. GoPlus Security – Trusted Web3 Security Provider GoPlus Security is a trusted provider of Web3 security apparatus that uses comprehensive risk detection to protect the majority of the significant blockchain networks and create a more secure Web3 ecosystem. A framework for real-time, dynamic, and automatic security monitoring has been created by GoPlus Security that addresses token, NFT, malicious address, authorization security, contract safety, and dApp security. In order to create a genuinely decentralized security platform, the The post Binance Labs to Conduct Private Round II for GoPlus Security appeared first on Cryptoknowmics-Crypto News and Media Platform .
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Data Suggests Ethereum Layer-2 Tokens May Experience Explosive Upside

While the Ethereum network and its users continue to suffer from the high fees of the layer-1 blockchain, various layer-2 (L2) solutions are stepping into the spotlight to solve the problem. As analyst Miles Deutscher explained, citing data from Dune Analytics, layer-2 scaling solutions saw monumental growth in 2022. “I expect this trend to continue in 2023 and beyond,” Deutscher commented. Blockchain analytics firm Nansen also released data today showing the growth of layer-2 solutions. Specifically, Nansen referred to Abritrum. “Arbitrum season is in full swing,” wrote a researcher at Nansen. According to their data, transactions on L2s are increasing significantly, while transactions on Ethereum are decreasing. A clear divergence can be seen. Regarding Arbitrum, the Nansen researcher writes that the number of daily active addresses averaged 50,000 to 70,000 in November and December. A few months ago, from July to September, the average was 15,000 to 20,000. With the recent Nitro upgrade, Arbitrum has once again massively lowered its average gas price for a transaction. While the average fee was $0.35 before Nitro, it has dropped to $0.08 afterwards. This represents a reduction of almost 75%. Related Reading: Ethereum Price Nears Breakdown Support, Can Bulls Save The Day? However, although Arbitrum’s network usage is skyrocketing, there is no token yet. So far, there is also a lack of an official announcement regarding an Arbitrum token. Rumors have it that Arbitrum will launch its token by the first quarter of 2023 at the latest. The ticker is supposed to be either ARBI or ARB. The Leading Ethereum L2 Solution As NewsBTC reported yesterday, Polygon (MATIC) currently holds the leading position when it comes to successful Ethereum L2 tokens. The project has entered partnerships with major brands such as Starbucks, Mercedes, Meta, Reddit, eBay, Disney, and Adobe, among others. Sandeep Nailwal, co-founder of Polygon, revealed yesterday that the zkEVM mainnet “is coming soon”. With the implementation, Polygon will reach a massive milestone. Once the zkEVM mainnet comes online, there could be an explosion of dApps on Polygon. Zero-knowledge cryptography will enable privacy and minimize data volumes to make transactions for smart contracts even more efficient. Related Reading: Bullish News For Polygon! zkEVM Mainnet Is Coming Soon, Says Co-Founder BitDAO And Optimism Another emerging L2 project is BitDAO, which is backed by the exchange Bybit. About a week ago, the project had announced the soft launch of Mantle, a modular Ethereum Layer-2 solution with separate execution, finality and data availability layers. A public test network is scheduled to go live in 2023. It will serve as the core of BitDAO and use BIT as a token. Optimism also has a token. The L2 Ethereum scaling solution was first introduced in June 2019, and the public mainnet was launched in December 2021. The OP token’s airdrop took place in June 2022, with nearly 249,000 registered Optimism users receiving the newly launched token. Remarkably, the project’s mainnet is currently hosting the largest decentralized exchange, Uniswap V3. At press time, the ETH price was sitting just above crucial support in the 4-hour chart.
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‘Wolf Of Wall Street’ Advises Crypto Investors To Hang On To Bitcoin And Ethereum

The year 2022 has been a very rough one for Bitcoin and the general crypto market. In the initial 11 months of the year, BTC declined by about 65%. Then, when it appeared that BTC gained stability at the $20K price mark, the FTX contagion broke out. The adverse event has brought the leading coin, Bitcoin, down by around 75% from its peak price of $68,789. BTC currently trades at $16,823. Notwithstanding, Bitcoin is still more promising than the rest of the altcoins. Therefore, several experts still believe prospective crypto investors can opt for BTC now, as it projects a positive future. Related Reading: Bullish Sentiment Spikes As Axie Infinity Price Propels 9%, What’s Next For AXS? As for the Ethereum token, its price change in the past 24 hours is -1.94%, with a trading price just above the $1,200 mark. Ethereum is also believed to be profitable in the long run, given its transition to 2.0 and potential to revolutionize the web. Bitcoin And Ethereum As Profitable Investment Options Meanwhile, a recognized stockbroker, Jordan Belfort, has expressed his thoughts concerning the profitability of Bitcoin and Ethereum. In his comment, he stated that both digital tokens are the safest to venture into. He admonishes crypto investors to get into the ecosystem with little capital. This is because of the unpredictable risks and volatility of these digital tokens. He further shared some lights on the recent FTX incident. He cited that investors couldn’t identify the scam of the exchange. But this is not a yardstick to disregard investing in Bitcoin and Ethereum. The stock broker also announced that his BTC holdings are still intact, with more purchases already made. His actions are backed by the belief that BTC will bring a huge ROI in a decade or less. ‘Wolf Of Wall Street’ On Crypto Adoption Belfort, also known as the “Wolf Of Wall Street,” shared information on his past dealings. At the time, most of its dealings were connected to the fading “Great Fools Theory.” This theory proposes high prices due to the overpriced securities sold to so-called greater fools. Such transactions occur regardless of the securities’ value and continue until the market is devoid of greater fools. The name The Wolf of Wall Street was inspired by the popular 2013 movie – The Wolf of Wall Street. It’s a movie written by Terence Winter and directed by Martin Scorsese. Its storyline centered on Jordan Belfort of 2007, who displayed great passion as a stockbroker in NYC (New York City), United States. Related Reading: Bullish News For Polygon! zkEVM Mainnet Is Coming Soon, Says Co-Founder Getting into 2021, the stock broker observed the rapid development of Bitcoin and eventually opted in. During the period, Belfort had hoped that the price of BTC would surge to $100K before 2021 wrapped up. His reason was based on the fixed max supply of tokens, which has remained at 21 million coins. Although the expectation was never met, his hopes are still high, which is evident in how he speaks highly of the coin. According to him, investors should not expect Bitcoin to yield sudden profits. Instead, it’s better to venture into the coin with a long-term mindset to make the most out of it. Featured image from Pixabay, chart from TradingView.com
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Hop Protocol to soon debut on zkSync 2.0

Matter Labs has published an official blog post to inform the community that the plan to bring Hop Protocol live on zkSync 2.0 is in the pipeline. A tentative timeline is awaited; however, the objective will be to strengthen further the dream of increasing personal freedom by making Ethereum scalable and accessible to a larger …
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Do Kwon Says Alameda Instigated Terra’s Downfall-Suggests FTX’s Collapse Is Deserved

Do Kwon has accused FTX’s founder Sam Bankman-Fried and Alameda Research of manipulating the market, leading to the collapse of TerraUSD in May.
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Nigeria Limits ATM Withdrawals to $225 Weekly in a Bid to Boost CBDC Adoption

As of January, 2023, Nigerian residents will be allowed to withdraw $45 per day and $225 per week from ATMs.
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ETH Staking yield swap goes live on BitMex

BitMex brings the first-ever staking yield of ETH on its platform. The project goes live on December 08, 2022, at 04:00 UTC. Once live, users will be able to trade and speculate the staking rate of ETH every day with up to 2x leverage. Termed as a new breed of crypto derivative, the ETH staking …
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Mimic Shhans wins community voting on KEY3.id, .minic DID available for minting

KEY3.id, a Decentralized Naming System based on the Ethereum chain initiated Blue-Chip NFT bound domain name voting campaign on December 5th and generated great social buzz in many Blue-Chip NFT communities. After 4 days of intense competition, the Mimic Shhans community ranks top with 1059 votes, making .mimic DID available for minting immediately. The second
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Block Mate Is Instigating Quick and Easy Crypto Buys

Crypto firm Block Mate Ventures has launched a new platform that will allow its customers to engage in instant crypto transactions. Traders and investors can log onto the website and instantly purchase assets like bitcoin and Ethereum in mere minutes or seconds. Block Mate Ventures Seeks to Make Crypto Purchases Faster The purchases can be done through credit cards ... The post Block Mate Is Instigating Quick and Easy Crypto Buys appeared first on Live Bitcoin News .
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Tokens.com Provides Update on Token Sales

TORONTO–(BUSINESS WIRE)–Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) (“Tokens.com” or the “Company”), a publicly-traded company
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Nextech AR CEO Evan Gappelberg to Present at the Annual Singular Research Best of the Uncovered Investor Conference Today, December 8th

TORONTO–(BUSINESS WIRE)–$NEXCF #3DModels—Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQB: NEXCF) (CSE: NTAR) (FSE: EP2), a Metaverse Company and
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Why I Quit Investing In The Fiat Ponzi And Started Saving In Bitcoin

The tired argument that Bitcoin is a Ponzi scheme is really more applicable to fiat, which makes it impossible for us to retain savings.
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Cardano Price Prediction: Can ADA Overtake Doge & Reach All Time High In 2023

Cardano Price Prediction: Cardano has been levelling up and is expected to be a useful coin in the long term. The competition between Cardano and Dogecoin has been an interesting one. However, Cardano overpowering Dogecoin in 2023 is still a question in crypto enthusiasts mind. Where does DOGE and ADA stand presently? Currently, one token The post Cardano Price Prediction: Can ADA Overtake Doge & Reach All Time High In 2023 appeared first on CoinGape .
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EU to Make Crypto Companies Report Tax Details to Authorities

The European Commission is going a step further than its crypto law MiCA as it seeks to tackle tax evasion
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Hong Kong Amends Finance Law to Incorporate Crypto Firms

Virtual asset service providers will be covered by terror financing and anti-money laundering rules as of June next year.
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LUNC News Latest Updates Dec 8: Terra Classic Price Soars 6%, USTC 20%

LUNC News Latest Updates Dec 8: Terra co-founder Do Kwon blamed former FTX CEO Sam Bankman-Fried and Genesis Trading for the Terra-LUNA crisis and revealed how it happened. Moreover, the FUD related to Terra Station and Rebel Station also subdues. As a result, Terra Classic price soars 6%, TerraClassicUSD (USTC) 20%, and LUNA 5% in The post LUNC News Latest Updates Dec 8: Terra Classic Price Soars 6%, USTC 20% appeared first on CoinGape .
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“Not For Sale” Wikipedia Founder Tells Elon Musk

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Litecoin lacks a buying spree; Support remains relatively stronger

Litecoin has been one of the most trending and user-application blockchains sourced from the Bitcoin code. LTC carries a rich history of development and growth that has allowed it to rank amongst the market leaders of 2022. Ranking at the 13th spot, LTC carries a relatively high market capitalization of $5.4 billion with 50% negative …
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Cryptocurrency market is 'most mature' in these 2 countries, new Huobi report reveals

The United States and Vietnam score the best on "crypto maturity" in 2022, a new report determines.
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cointelegraph

Cryptocurrency market is 'most mature' in these 2 countries, new Huobi report reveals

The United States and Vietnam score the best on "crypto maturity" in 2022, a new report determines.

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Crypto Exchange Coinbase Adds Surprise Support for Metaverse Altcoin Project

The largest US crypto exchange by trading volume is adding a metaverse altcoin to its list of supported crypto assets. Coinbase Assets is announcing that trading for the native token of the MultiversX (EGLD) blockchain will debut on its platform starting December 7th once liquidity conditions are met. “Coinbase will add support for MultiversX (Previously The post Crypto Exchange Coinbase Adds Surprise Support for Metaverse Altcoin Project appeared first on The Daily Hodl .
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Aptos & Livepeer collaborate & boost next-gen creator economy

The mutually beneficial collaboration of Livepeer and Aptos is good news. Incidentally, Livepeer is a decentralized video-streaming network, joining up with Aptos. It will now be in the position of offering a completely uninterrupted and smoothly functioning viewing experience to all of its connected users. To provide further benefits and offer convenience to its users, …
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Kim Kardashian, Floyd Mayweather EthereumMax Lawsuit Dismissed

A judge in California has dismissed a lawsuit against Kim Kardashian and others for promoting crypto project EthereumMax.
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Ether Breaks Trendline From Previous Bear Cycle Lows

The breakdown of the ascending trendline corresponding with previous bear market lows looks horrible, one portfolio manager said.
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Shiba Inu’s BONE Trading Volume Suddenly Up 70%, Here Might Be Reason

BONE was trading at $0.849, down 1.75% in last 24 hours
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Kim Kardashian Wins Investor Lawsuit Over EthereumMax

A California district judge decided to dismiss the motion because the complaint was not able to supply sufficient facts.
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Bankruptcy Judge Demands Return of $44M in Crypto to Celsius Users

Crypto lender Celsius has been instructed by a Bankruptcy Judge to provide users of the platform’s custody program access to cryptocurrency valued at about $44 million. Bankruptcy Judge Demands Return in Crypto According to reports, United States Bankruptcy Judge Martin Glenn issued the verbal ruling during a hearing on December 7 and noted that there should be progress in this situation. Additionally, the exchange should pay back the creditors their whole amount as quickly as possible. The newest judgment was made after a deal was struck between Celsius consultants and investors that cryptocurrency put in the custodial accounts related to The post Bankruptcy Judge Demands Return of $44M in Crypto to Celsius Users appeared first on Cryptoknowmics-Crypto News and Media Platform .
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Binance’s Bitcoin Reserves Collateralization Ratio Sits at 101% According to Mazars Audit – This is What You Need to Know

A report by auditing firm Mazars has revealed that Binance's bitcoin reserves have a 101% collateralization ratio, suggesting that the exchange has more than all of the BTC it needs to cover customer deposits. In a recent report, Mazars claimed the world's largest cryptocurrency exchange has a 101% collateralization ratio on 575,742 BTC in net customer deposits as of midnight UTC on November 22.... Read More: Binance’s Bitcoin Reserves Collateralization Ratio Sits at 101% According to Mazars Audit – This is What You Need to Know
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Bank of Spain to Launch Experimental Wholesale CBDC Digital Token Program

The Bank of Spain is seeking the collaboration of organizations interested in participating in an experimental test on a wholesale central bank digital currency (CBDC). The institution clarified this new program has no relation with the current investigation on a possible digital euro, and has the objective of examining the real possibilities and advantages of
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OpenSea integrates BNB Chain, but will BNB holders benefit?

BNB Chain saw an increase in NFT trading volume, and unique active wallets (UAW) OpenSea also recorded an increase in trading volume and transactions after the partnership. OpenSea, the world’s largest marketplace for NFTs (non-fungible tokens) has integrated BNB Chain. Thus, providing immense market exposure to the already vibrant NFT ecosystem on the chain. While
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Celsius ordered to return $50M to crypto investors

Crypto investors have seen the worst of financial winters in 2022. However, that narrative is about to change for some Celsius crypto investors. Recent reports indicate that a U.S. bankruptcy judge involved in the Celsius Networks bankruptcy case has ordered the crypto lender to refund $50 million worth of crypto to custody account holders. According … Celsius ordered to return $50M to crypto investors Read More »
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This Prominent Shib Burner Promises Major Upgrade Later This Month

Shib burn tracking platform has teased major improvement to be implemented, while SHIB burn rate goes up
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Blur offers some NFT traders 50% refund after ether losses from UI ‘bug’

The loss occurred after the user deposited more than 140 ether into the bidding pool and accidentally paid 70 ether for an Art Gobblers NFT.
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Anticipation Runs High As Shibarium’s Launch Inches Closer

The post Anticipation Runs High As Shibarium’s Launch Inches Closer appeared first on Coinpedia Fintech News A Shiba Inu developer, “Shiba Trophias,” recently tweeted that “time is ticking for the project’s official rollout.” The tweet was believed by the SHIB community to be referring to the release of Shiba Inu’s layer-2 network (L2), dubbed Shibarium. However, the tweet did not explicitly mention Shibarium and instead noted that the V1 design of …
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Orbeon Protocol (ORBN) Presale Sells Out Before Stage 3, Cosmos (ATOM) and Chainlink (LINK) Prices Down

Orbeon Protocol (ORBN) is seeing landmark success in its presale while Chainlink (LINK) and Cosmos (ATOM) seem stuck in the mud. Continue reading Orbeon Protocol (ORBN) Presale Sells Out Before Stage 3, Cosmos (ATOM) and Chainlink (LINK) Prices Down at DailyCoin.com.
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FinCEN Cracks Down On DeFi

The post FinCEN Cracks Down On DeFi appeared first on Coinpedia Fintech News The US Financial Crimes Enforcement Network (FinCEN) is considering adopting stricter measures for decentralized finance (DeFi) to combat financial crimes. FinCEN’s evaluation of its anti-money laundering and counter-terrorism financing frameworks is a result of an executive order issued by US President Joe Biden on March 9, 2021, on ensuring the responsible development of digital assets. …
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Bank of Spain’s Newest Experiment- CBDCs!

The post Bank of Spain’s Newest Experiment- CBDCs! appeared first on Coinpedia Fintech News The Bank of Spain is launching an experimental study on wholesale central bank digital currencies (CBDCs) to determine their adaptability to the needs of an increasingly digital society. The study will focus on simulating the movement of funds and the liquidation of financial assets, as well as analyzing the pros and cons of launching a …
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Bitcoin (BTC) Price Can Still Rise by 50x! Here’s When and How

The post Bitcoin (BTC) Price Can Still Rise by 50x! Here’s When and How appeared first on Coinpedia Fintech News The Bitcoin (BTC) price appears to be on the brink of consolidation & expected to face a minor rejection in the short term. The rejection may enable the price to form new lows for the current bearish cycle which may further trigger a massive rebound. That said, the possibility of closing the yearly trade on …
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XRP Will Become Available For Purchases by Fiat In UK & France: Details

Xumm Wallet announces expansion of its XRP ramp solutions, with plans already in place for UK and France
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Japan’s Sumitomo Mitsui to issue soulbound tokens to explore Web3

Japan’s financial giant Sumitomo Mitsui Financial Group is experimenting with soulbond tokens to satisfy new social needs.
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cointelegraph

Japan’s Sumitomo Mitsui to issue soulbound tokens to explore Web3

Japan’s financial giant Sumitomo Mitsui Financial Group is experimenting with soulbond tokens to satisfy new social needs.

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Crypto Analyst Benjamin Cowen Shares BTC Chart That Might Hint At End of Bear Market

Bitcoin is in complicated state, but this indicator may hint at reversal in midterm view
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EU crypto taxation proposal will target firms all over the world

Companies offering EU residents crypto services will need to report on transactions to tax authorities, per a new proposal from the European Commission.
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LUXON: A Web3 platform providing transaction-based personalized NFTs

The introduction of Web1 and Web2 had almost taken the world by storm. The internet that we use today is also a product of Web2 technology, but with continuous revolution, the inception of Web3 has already begun. According to Google Analytics, there has been a 33% rise in people getting driven towards Web3 technology in
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Hedera Hashgraph (HBAR) Price Prediction 2022 — Will HBAR Hit $0.3 Soon?

In Hedera Hashgraph (HBAR) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about HBAR to
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cointelegraph

The all-in-one approach at the foundation of next gen crypto investment platforms

ClearCryptos, an all-in-one crypto platform, combines all the best of DeFi and CeFi with the education necessary to use it right.

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cointelegraph

More than 90% of consumers are curious about the Metaverse: Capgemini

The volatility of the crypto market hasn’t stopped the metaverse from gaining potential as a utility for businesses and consumers alike.

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cointelegraph

NFTs minted on FTX break, highlighting Web2 hosting flaws

NFTs hosted on FTX platform were affected by the firm’s collapse, showing blank images instead of the original art.

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cointelegraph

Hong Kong to subject crypto exchanges to the same laws governing TradFi

The new legislation will bring a licensing regime for the virtual asset service providers requiring them to pass strict AML and money laundering guidelines.

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cointelegraph

Stablecoin framework is a near-term priority for Aussie regulators

As stablecoins become widely used as a means of payment, Australia is preparing to regulate them accordingly.

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cointelegraph

GBTC 'elevator to hell' sees Bitcoin spot price approach 100% premium

Bad times for the Grayscale Bitcoin Trust (GBTC) get even worse this week as its discount to BTC/USD approaches 50% for the first time.

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cointelegraph

FTX’s Bankman-Fried to face market manipulation probe, Do Kwon chimes in

As part of a broader inquiry into FTX’s collapse, federal prosecutors are looking at the role that FTX and Alameda may have played in the fall of Terra.

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cointelegraph

Spain’s central bank to experiment with wholesale CBDCs

The Bank of Spain said the study can help determine to what extent it can adapt to the “needs and demands of an increasingly digital society.”

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cointelegraph

US regulator to seek feedback on DeFi’s impact on financial crime

A “close look” is being taken at money laundering and terror financing laws by FinCEN as it asked banking sector players for feedback on DeFi’s crime risks.

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cointelegraph

Australian CBDC receives unexpected interest but could hurt banks: RBA

The pilot eAUD program is unique in that the Reserve Bank of Australia has not proposed use cases, and has received numerous suggestions from the industry.

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cointelegraph

Telegram to allow no-sim accounts via anon-blockchain-numbers

Telegram has increased its security features by enabling support from anonymous blockchain-based numbers that go for around $16.

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cointelegraph

Crypto lender Genesis has no solution yet for withdrawal halts

Genesis said it will take additional weeks to carve out a recovery path for its lending business.

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cointelegraph

Bankruptcy judge orders $44M in crypto to be returned to Celsius customers

The funds are made up crypto held within custody accounts on Celsius that had not been transferred from earn accounts.

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cointelegraph

Class action against Kim K, Mayweather over EMAX dismissed… for now

Despite dismissing the case, the judge acknowledged the lawsuit reflects a potentially dangerous trend of fraudulent-like promotional schemes.

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cointelegraph

FTX hires forensics team to find customers’ missing billions: Report

Lawyers have claimed FTX assets are either stolen or missing and now a team of financial forensic experts is attempting to trace the money trail.

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cointelegraph

Just 8% of Americans have a positive view of crypto: CNBC survey

CNBC’s All-America Economic Survey was conducted toward the end of November, just a few weeks after the collapse of crypto exchange FTX.

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cointelegraph

'Definitely on the table' — Subpoenas headed for SBF if he refuses to testify

Sam Bankman-Fried has been requested to appear before separate House and Senate Committees on the collapse of FTX under the threat of subpoena.

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cointelegraph

Coinbase CEO says trading revenue has fallen to ‘roughly half’ what it was last year

The cryptocurrency exchange had previously reported that it expected losses of $500 million this year amid the bear market.

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cointelegraph

Blockchain is the only viable path to privacy and censorship resistance in the 21st century

Decentralized file-sharing services that Big Tech companies can’t control are the only way internet users will be able to maintain their freedom in the years ahead.

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cointelegraph

Buy the rumor, sell the news? Chainlink (LINK) price drops after staking launch

LINK Marines pile in as Chainlink staking launches, but will the event turn out to be a buy the rumor and sell the news event for the altcoin’s price?

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cointelegraph

Crypto consumer protection, proof-of-reserves bills introduced into US Congress

New York Democrat Ritchie Torres introduced the short bills, which are meant to supplement more comprehensive legislation, earlier this month with little fanfare.

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cointelegraph

ECB official proposes ban on tokens with an ‘excessive ecological footprint’

EU officials previously rejected an outright ban on crypto mining, but the Markets in Crypto Assets bill could require firms to report any potential environmental impact.

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cointelegraph

Price analysis 12/7: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI

The current weakness in BTC and major altcoins shows that investor sentiment remains negative and that bears are active at higher levels.

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cointelegraph

Meta ‘powering through’ metaverse plans: Nifty Newsletter, Nov. 30–Dec. 6

Meta CEO Mark Zuckerberg highlighted that the company is hopeful about the metaverse despite costing billions of dollars.

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cointelegraph

Binance US eliminates trading fees for Ethereum

This announcement comes months after the crypto exchange removed all trading fees for Bitcoin transactions.

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cointelegraph

Cardano’s MuesliSwap introduces ‘organic APR,’ drawing praise, criticism

The new feature increases token emissions if more liquidity is put into the pool. Crypto Twitter is divided, to say the least.

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cointelegraph

Bitcoin options data shows bulls aiming for $17K BTC price by Friday’s expiry

BTC bulls could secure a $130 million profit in the Dec. 9 options expiry, but bears aim to balance the scales by keeping Bitcoin price below $17,000.

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cointelegraph

Rep. Torres asks US GAO to investigate SEC ‘failure’ to protect public against FTX

Torres is a crypto supporter who has questioned the performance of the SEC before; he has written new legislation on crypto companies’ proof of reserves and comingling of funds.

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