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Showing posts with the label btc news

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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India’s finance minister waiting for consultations to decide whether to ban or regulate crypto

The country's finance minister admitted to not having enough information to make a fateful call. Yet another statement by a top Indian official suggests that regulatory uncertainty around the status of digital assets in the country will persist in the near term. Responding to the general discussion of the 2022–23 Union Budget at Rajya Sabha, the upper chamber of India’s bicameral parliament, finance minister Nirmala Sitharaman stated that she was not going to “legalize or ban” cryptocurrency at this moment. The minister added that “Banning or not banning will come subsequently,” when the ministry reviews input from consultations. Sitharaman also mentioned that the state has “the sovereign right to tax” income that citizens derive from cryptocurrency transactions. Furthermore, the government’s capacity to levy crypto taxes is separate from the issue of legally recognizing the asset class. This argument echoes the statement made earlier in the week by the head of India’s tax aut...
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Intel to enter crypto space with blockchain accelerator shipping later this year

For now, it appears its efforts are focused on improving GPUs for crypto mining. On Friday, Raja M. Koduri, senior vice president of accelerated computing systems and graphics group at Intel, declared their intent to contribute to the development of blockchain technologies, beginning with the introduction of energy-efficient crypto mining accelerators that will be released this year. Previously, Intel had announced it would unveil the next generation of Application-Specific Integrated Circuit mining machines at the next International Solid-State Circuits Conference later this month. The company would also form a new International Solid-State Circuits Conference within Koduri's division. It would be responsible for building custom silicon platforms for optimizing blockchain mining performance and the design of supercomputers. In addition, the firm believes that its circuit innovations will deliver a blockchain accelerator that has over 1000 times better performance per watt, or...
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Crypto Stories: Gavin Wood discusses why he decided to code Ethereum

The latest episode of Cointelegraph's YouTube series tells the story of Gavin Wood, co-founder of Ethereum and founder of Polkadot and Kusama networks. Among the original founding fathers of Ethereum ( ETH ) is Gavin Wood, who joined a group led by Vitalik Buterin that set out to build Bitcoin's competition. Wood is the computer scientist who wrote the first smart contracts for the Ethereum blockchain back in 2014. In an exclusive interview with Cointelegraph, Wood admitted that at the time, he just needed a job.   A self-described "technologist at heart," he knew coding was his calling and made the "obvious" switch from building LEGO bricks to writing blocks of code from an early age. He first discovered Bitcoin via The Silk Road, the online black market that ran from 2011 to 2013. The cryptocurrency originally "took his fancy" for being "a purely algorithmic mechanism for human cooperation and interaction" that, according to Wood, ...
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Coinbase partners with OneRiver to roll out new institutional platform

The separately managed account will be exclusively available for Coinbase Prime users and specifically targets the institutional investor. Cryptocurrency exchange Coinbase has penned a partnership agreement with One River Digital Assessment Management to provide institutional-grade wealth managers with an exclusive platform to acquire digital asset investments and engage in related activities. Detailed in an official blog post, Coinbase claimed that the creation of the ONE Digital SMA will grant exposure to “a suite of digital investment strategies and indexes in an easy-to-use separately managed account platform." The function will be exclusively accessible to Coinbase Prime users, a premium subscription service offering enhanced trading capabilities, and a bespoke custody model to protect assets tailored for the niche requirements of high net-worth individuals.  In the announcement, Coinbase summarized the service by saying: “ONE Digital SMA is a solution for wealth manage...
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How to create an ERC token without coding, explained

Tokens are more than an on-trend business move; they are a door into a new set of opportunities for simplified transfers, crowdfunding and loyalty programs. How can users create a token? Creating a token requires deploying a smart contract which is simplified with modern platforms that enable users to fill in details of their proposed token without coding or technical knowledge.  Traditionally, creating a token would require a creator to outline token properties, including the supply, name, and number of auxiliary functions. This step would be followed by deploying a smart contract, QA testing and blockchain deployment. While users would traditionally require a basic understanding of coding, newer platforms simplify the process to enable anyone to deploy a token of their own. One of these platforms is Student Coin Terminal which allows users to create a custom ERC-20 token. Users can start the token creation process by connecting their Ethereum wallet (selecting between Walle...
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Top Latin American exchange Bitso officially expands to Colombia

Founded in 2014 in Mexico, Bitso is now officially present in Argentina, Brazil, El Salvador and Colombia. Bitso, a major Latin American cryptocurrency exchange and El Salvador’s crypto wallet assistant firm, has announced its formal launch in Colombia. As part of Bitso’s development strategy in Colombia, the exchange has hired former Mastercard executive Emilio Pardo as new country manager, the firm announced to Cointelegraph on Thursday. Pardo is former head of business development for the Andean Region at Mastercard, where he focused on fintech issues like instant and cross-border financial transactions and open banking. He will now be responsible for developing Bitso’s strategy in Colombia to increase the local crypto adoption and financial inclusion, focusing on Bitso’s strategic basics including education and security. According to Pardo, Latin America is now going through one of the most important moments in the adoption of cryptocurrencies, and Colombia is not an exception...
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Strong Bitcoin and stocks rally position bulls for victory in Friday’s $860M options expiry

Recent strength in BTC and the recovery in equities markets are boosting investors’ confidence and giving bulls the upper hand. Bitcoin ( BTC ) bulls have good reason to celebrate the 22% gain in the past week. The price is pushing toward $46,000 and to the surprise of many, the $43,000 level held steady despite the volatility caused by the United States inflation data released on Feb.10. There have been mixed feelings on the macroeconomic side. For example, retail sales in the Eurozone disappointed on Feb. 4 when the figure showed a 2.0% year-on-year growth versus the 5.1% expectation. while the United States nonfarm payroll abruptly showed a 467,000 jobs increase. Investors are clearly increasingly concerned about corporate earnings despite the stronger than expected China and U.S. economic growth. In the past few weeks, some big names took a hit, including Meta (FB), Delivery Hero (DHER-DE) and Paypal (PYPL). Feb. 10’s 7.5% yearly U.S. consumer price index growth will likely r...
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Cointelegraph Consulting: Comeback clues from January’s crypto cold spell

In the past three months, whale addresses with 100–10,000 BTC have dumped approximately 150,000 BTC. With key stakeholders taking profits and confidence in buying the dip staying high, traders who were overzealous about a quick Bitcoin rebound back to all-time high levels were punished with further price declines. Although Bitcoin ( BTC ) has subtly bounced since dropping below $34,000 in late January, its price is still down 20% in the last 30 days. Ether ( ETH ) has fared worse, dropping 30% in this same timeframe. This edition of the Market Insight’s newsletter takes a deeper look at the data behind the cryptocurrency market’s performance in the past month. For example, Bitcoin’s key whale trader tier, typically comprising addresses holding between 100 and 10,000 BTC, has dumped approximately 150,000 BTC in the past three months. The supply held by this group is very often used as a primary leading indicator for where prices will head next. The current supply held by these wha...
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Game review: Olympic Games Jam Beijing 2022

The International Olympics Committee connects with the Winter Games via blockchain by trading NFT pins and playing a P2E mobile game. Olympic Games Jam: Beijing 2022 is the Winter Olympic's official play-to-earn multiplayer mobile game, created in collaboration between Animoca Brands-owned nWayPlay game studio and the International Olympics Committee. Currently, the app is only available for Android phones on the Google Play store, with no official release date for iOS devices yet. In the Olympian spirit, Cointelegraph played the newly launched game and reviewed the experience. Olympic Games Jam: Beijing 2022 Unveiled! Learn more about the new Play-To-Earn game here: https://t.co/q7dRTFCkmk #NFT #WinterOlympics pic.twitter.com/93rUDpmMj4 — Olympics Games Jam (@OlympicGamesJam) February 3, 2022 The game flow aims to mimic the real-life Olympics: Players compete in real-time with up to 20 other gamers around the world in winter sports mini-games until the top finisher is ch...
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Price analysis 2/9: BTC, ETH, BNB, XRP, ADA, SOL, LUNA, AVAX, DOT, DOGE

BTC price is expected to consolidate in the current $44,000 zone, allowing altcoins to climb higher before Bitcoin makes a more decisive move. Bitcoin ( BTC ) has recovered close to $44,000, indicating that the downtrend could be coming to an end. However, the price may not rally to the all-time high in a straight line. This means bulls are likely to face several hurdles in-between and the price action may remain volatile. JPMorgan analysts said in a recent investor note that Bitcoin’s boom and bust cycles are hindering further institutional adoption. The analysts estimate that with volatility four times that of gold, Bitcoin’s fair value is about $38,000. If the volatility reduces to three times that of gold, their fair value estimate for Bitcoin rises to $50,000. Daily cryptocurrency market performance. Source: Coin360 The Wells Fargo Investment Institute, the research division of Wells Fargo Wealth and Investment Management, in its report titled "Cryptocurrencies — Too...
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Coinbase forms a second PAC to support crypto-friendly candidates

The exchange registered its first PAC in July 2018 but closed it the next year after having received no funds or making no disbursements. Crypto exchange Coinbase has filed for a political action committee reportedly to support "crypto-forward lawmakers" ahead of the 2022 midterm elections in the United States. According to a Feb. 7 filing with the Federal Election Commission, Coinbase’s chief financial officer Alesia Haas and head of U.S. policy Kara Calvert registered the Coinbase Innovation PAC. The lobbyist/registrant political action committee will likely be required to make disclosures of funds to designated representatives in Congress. Political action committees, or PACs, are organizations often aimed at raising funds to elect candidates supporting similar causes, implying Coinbase is looking to get behind crypto-friendly candidates ahead of federal and state elections in November. The exchange registered its first PAC in July 2018 but closed it the following yea...
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Bitcoin bulls aim to solidify control over BTC price by flipping $44K to support

Bulls seek to flip $44,000 to support and analysts forecast further upside for BTC, calling the asset “the Amazon of our time.” Hope for the possibility of another significant rally in the cryptocurrency market has returned, even though Bitcoin ( BTC ) rejected at $45,500 . Currently, bulls are looking to shore up their defense at the $43,000 support level.  Data from Cointelegraph Markets Pro and TradingView shows that after making a run to a weekly high at $45,500 early on Feb. 8, bears managed to drop the price of BTC to $42,900 during afternoon trading as investors realized profits and prepare to place bids around $38,000. BTC/USDT 1-day chart. Source: TradingView Here’s a look at what analysts are saying sparked the rally in BTC price over the past week and what levels to keep an eye on moving forward. Legitimate breakout or a short squeeze? The sudden move higher caught many traders off guard as headlines across the crypto space were predicting the onset of an...
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PayPal establishes advisory council for crypto and blockchain

Jose Fernandez da Ponte said it's crucial to engage with world leaders to understand industry's opportunities and challenges. Major U.S.-based payment processor PayPal has assembled a team of industry experts to act as advisors on crypto, blockchain and digital currencies.  In a Tuesday announcement, PayPal said the addition of six members to its Blockchain, Crypto and Digital Currencies advisory council would help to support its current and future products as well as its goal of creating a more inclusive digital financial ecosystem. Fortress Investment Group co-CEO Peter Briger, Georgetown University Law Center professor Chris Brummer, Weizmann Institute of Science professor Shafi Goldwasser, former Commodity Futures Trading Commission chair Timothy Massad, MIT Sloan School of Management finance professor Antoinette Schoar, and MIT Digital Currency Initiative director Neha Narula will be joining the PayPal initiative. “We believe it is crucial to engage with the world’s b...
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DoJ seizes $3.6B in crypto and arrests two in connection with 2016 Bitfinex hack

"The department once again showed how it can and will follow the money," said Deputy Attorney General Lisa Monaco. Authorities in the United States have made arrests and announced the seizure of $3.6 billion in cryptocurrency more than five years after hackers stole 119,756 Bitcoin (BTC) from the Bitfinex exchange. In a Tuesday announcement, the U.S. Department of Justice said it had ordered the arrest of Ilya Lichtenstein and his wife Heather Morgan for allegedly conspiring to launder crypto connected to the 2016 Bitfinex hack. The 119,756 Bitcoin ( BTC ) — worth $72 million at the time hackers breached security at the exchange in August 2016 — is now valued at more than $5.1 billion. Since the 2016 hack, individuals connected to the stolen coins have periodically moved small amounts of BTC  in separate transactions, leaving the bulk of the funds untouched. The DoJ reported that it had traced 25,000 BTC of these transferred funds to financial accounts controlled by Lich...
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Stop listening to celebrities for financial advice, says Binance Super Bowl campaign

Instead, the platform encourages users to do their own research, and trust in themselves when it comes to investing in cryptocurrencies. From NFL players accepting their salaries in cryptocurrency and Tom Brady founding his own nonfungible token (NFT) marketplace to the NFL providing Super Bowl attendees with customized NFTs , the National Football League and the blockchain community seem to have embraced each other. As Super Bowl LVI approaches this Sunday, there is one thing fans can be sure to expect: crypto ads. One marketing campaign led by Binance, the largest global exchange by trading volume, warns fans about taking these anticipated crypto commercials to heart, and uses celebrities to make its point.  Last week, Binance released its first video featuring Miami Heat forward Jimmy Butler who said that "I can give you advice on a lot of things. Your money isn't one of them." He warns viewers that they will be told "to get into crypto" by a lot of peo...
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Law Decoded: Tangible wins, new menaces and the global crypto taxation drive, Feb. 1–7

Crypto advocates celebrate wins, the Treasury and SEC seek to introduce crypto-unfriendly rules, and governments rush to levy digital asset taxes. Every global event or major political crisis these days can trigger a digital asset-related conversation. As China welcomes the world’s top athletes to the Beijing 2022 Winter Olympics, showing off ultra-high-tech facilities and sports infrastructure, some United States politicians  have raised concerns over the Games’ potential to act as a booster to the digital yuan’s adoption. In neighboring Myanmar, the military government that had overthrown the nation’s elected leadership a year ago is now looking into launching its own digital currency , not to project economic influence but to improve the domestic payments system and the struggling economy more broadly. Below is the concise version of the latest “Law Decoded” newsletter. For the full breakdown of policy developments over the last week, register for the full newsletter below. ...
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What is Harmony (ONE) blockchain and why it is getting so much traction?

Harmony (ONE) is a new blockchain network that is gaining traction as more developers and crypto investors become aware of its features. Is Harmony ONE a good investment? Investing is a very personal endeavor. Do your own research and try to stay on top of any advances in the Harmony ecosystem that might help it grow. Although there is still much to be done, the Harmony project has been considered a solution to poor scaling and interoperability and a useful foundation for DApp developers to scale their apps and transactions.  Harmony aspires to be a top crypto network known for its speed and efficiency, and it's well on its way to achieving that goal. The platform delivers on its promise of low gas and transaction costs. As with any other cryptocurrency or platform, ONE will appreciate as Harmony becomes more prevalent. Perhaps then, in addition to buying, selling and staking, we'll see other use cases of Harmony ONE in the future. Why is Harmony ONE getting so much trac...
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