Today at Chaintalk News

December 8, 2022

Coronavirus Impact On Crypto, Korea’s Tax Proposition, and Japan’s Possible Digital Currency

By ChainTalk TV

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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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Crypto 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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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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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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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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Catheon Gaming partners with Chainlink Labs & boosts nextGen GameFi dApps

Catheon Gaming has published a blog post on its official platform, informing the community that it has established a channel partnership with Chainlink. The objective is to work together towards accelerating the adoption of GameFi. Both partners are now looking to connect the ecosystem of Catheon Gaming with the oracle services & ecosystem of Chainlink. …
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Steve Aoki and 3LAU Introduce PUNX Music Project Using CryptoPunks IP

Steve Aoki, a DJ, NFT aficionado, and Justin “3LAU” Blau collaborated on the creative music and art venture PUNX, which was motivated by their own CryptoPunk non-fungible tokens (NFTs). PUNX Music Project Use CryptoPunks IP The project will employ the pair’s CryptoPunks in its visual graphics, according to a news release, and will be a unique audio-visual IRL-meets-metaverse ensemble. The group asserts to be the first DJ set affiliated with CryptoPunks, which distributed intellectual property (IP) to owners in August following its acquisition by Yuga Labs. Steve Aoki owns six of the 8-bit figures, including CryptoPunk #6748, who dons an The post Steve Aoki and 3LAU Introduce PUNX Music Project Using CryptoPunks IP appeared first on Cryptoknowmics-Crypto News and Media Platform .
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XRP Price On A Surge As Whales Move 160 Million XRP

The global crypto market is still trading under immense selling pressure due to increased volatility due to the recent FTX and other platform collapses. Top cryptos like Bitcoin (BTC) and Ethereum (ETH) prices struggled to surge. However, XRP price managed to spike amid the current market sentiments. XRP price decouples from top crypto? According to The post XRP Price On A Surge As Whales Move 160 Million XRP appeared first on CoinGape .
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Is SBF behind Terra’s collapse?

Following the ongoing investigations concerning the demise of FTX, previously one of the largest cryptocurrency exchanges, prosecutors are also weighing the possibility that the founder of FTX, Sam Bankman-Fried (SBF), could be responsible for Terra’s collapse, which wiped out over $40 billion in market capitalization. People familiar with the matter revealed on Wednesday that the … Is SBF behind Terra’s collapse? Read More »
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Deaton Explains Why The SEC Will Have Trouble Winning Against Ripple Executives

Deaton and Hogan believe the SEC has a tough nut to crack in its case against Larsen and Garlinghouse. In a lengthy Twitter thread yesterday, Attorney John E Deaton explained why the US Securities and Exchange Commission is highly unlikely to win in its case against Ripple Executives Brad Garlinghouse and Chris Larsen. The thread The post Deaton Explains Why The SEC Will Have Trouble Winning Against Ripple Executives first appeared on The Crypto Basic .
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Bankruptcy Court Orders Celcius to return $50M of Crypto

The post Bankruptcy Court Orders Celcius to return $50M of Crypto appeared first on Coinpedia Fintech News The order delivered by the Bankruptcy judge of the Southern District of New York directed Celsius, the crypto lender, to return the cryptocurrency worth $50M to Custody Account Holders. According to the Celcius filing in September, it has about 58,300 users who collectively deposited over $210 million with its custody and withhold, with 15,680 customers …
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FTX Executive Reportedly Pushed Taylor Swift For $100 Million Deal

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3 cryptos that could make you a fortune in December 2022: Orbeon Protocol (ORBN), Decentraland (MANA), and Axie Infinity (AXS)

It’s always difficult to predict the next big cryptocurrency. Every new project promises a huge ROI, only to fall short when it comes to delivery. To decide whether or not a cryptocurrency is worth the investment, you often need to look at its utility. Three new projects offering excellent utility are Decentraland (MANA), Axie Infinity …
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Bankruptcy Judge Orders Celsius to Return $44M in Cryptocurrencies

It will only impact Celsius users who stored their funds in custody accounts rather than the firm's interest-bearing Earn program.
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Bitcoin Price Analysis: Analyst Maps Next Levels For BTC Price

The post Bitcoin Price Analysis: Analyst Maps Next Levels For BTC Price appeared first on Coinpedia Fintech News After Terra’s fall and FED’s policy that was kicked off in the year 2022, war broke out and the fallout from the FTX collapse was like the last straw. Crypto has weathered the storms of the long crypto winter. Smart contracter, a crypto analyst, has yet again come up with his analysis of the Elliott …
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Bloomberg Strategist Expects Crypto Market to Come Out ‘Ahead’ in 2023

On Tuesday (6 December 2022), Mike McGlone, a Senior Macro Strategist at Bloomberg Intelligence (Bloomberg’s research arm on the Bloomberg Terminal”), shared his thoughts on the crypto market. In the latest edition of Bloomberg Intelligence’s “Crypto Outlook” report, McGlone (and the three contributing analysts he worked with on this research) said: “It’s been one of the most severe drawdowns in
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Understanding how zkEVM’s latest achievement can help MATIC in long run

Polygon’s zkEVM reached a new milestone, which was an optimistic sign for the network. In fact, Polygon revealed several new planned updates for the future. Sandeep Nailwal, the co-founder of Polygon [MATIC], recently posted an update on Twitter regarding Polygon’s latest zkEVM. According to the tweet, the zkEVM reached a new milestone as it passed
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Toys R Us declares an NFT collection via their Geoffrey the Giraffe NFTs

Toys R Us, which happens to be a very popular toy retailer based out of the US, is extremely pleased and takes an immense amount of pleasure in making their formal announcement of having delivered their Geoffrey the Giraffe NFTs. They are distinctly aware that this timing has been very accurately planned out, considering the …
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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 LUNA.

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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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