Category Archives: Cryptocurrency News

European Council approved two proposals to regulate digital assets in the EU

The European Council will form a three-year mandate to negotiate with the European Parliament and work on creating a regulatory framework for the cryptoasset market. The European Union Cryptocurrency Regulation (MiCA) Bill is designed to protect investors and consumers from fraud. It provides guarantees that investors’ money will be safe in the event of a hack. If the authorities consider that specific virtual currency exchange platforms pose a threat, they can ban them in accordance…

Fidelity, UBS and State Street May Launch Cryptocurrency Products

Several large investment companies, including Fidelity, UBS and State Street Global Advisors, are exploring the possibility of launching cryptocurrency products. The Financial Times notes that the volume of cryptocurrency investment products in Europe is over 10 billion euros. The head of SPDR, a subsidiary of State Street Global Advisors for trading exchange-traded funds in the markets of Europe, the Middle East and Africa, Matteo Andreetto, said that the company is actively exploring the cryptocurrency space.…

Stripe Co-Founder Allows Cryptocurrency Payments to Come Back

John Collison, co-founder of American payment operator Stripe, said the company could re-add support for cryptocurrencies if they provide fast and cost-effective transactions. In 2014, Stripe became the first major payment company to integrate Bitcoin. However, in 2018, Stripe stopped processing BTC transactions, citing customers’ reluctance to use it. This was due to increased transaction confirmation times and high fees. As Stripe stated, for regular Bitcoin transactions, the commission can be several tens of US…

How to use proxies when participating in token presales

Buying tokens before listing them on exchanges is an opportunity to make a profit due to the growth in the price of a cryptoasset. The use of proxy servers increases the chances of purchasing tokens with upside potential. One of the ways to generate income in the cryptocurrency industry is to participate in token sales, pre-sales of cryptoassets of various projects before they appear on cryptocurrency exchanges and trading platforms. Project creators conduct a pre-sale…

Authors of the ArtWars project are outraged by the inconsistent sale of their works in NFT on OpenSea

British artists are unhappy that their Art Wars work has been sold for $ 6.7 million in NFTs on the OpenSea platform without their consent. Photographer David Bailey and sculptor Anish Kapoor claim that curator Ben Moore posted their artwork on the OpenSea marketplace as non-fungible tokens earlier this month. We are talking about the collection of stormtrooper helmets from “Star Wars”, owned by the Art Wars project, and on which more than 300 designers…

El Salvador will invest $ 1 billion in the opening of Bitcoin City from the sale of bonds

El Salvador President Naib Bukele announced plans to launch Bitcoin City. The project aims to ensure the development of the cryptocurrency industry and other technological and social initiatives in the country. This was announced by Nayib Bukele at the Bitcoin Week conference. Notable cryptocurrency companies will also participate in the development of Bitcoin City, including the Bitfinex exchange and the Blockstream technology company. El Salvador will invest $ 1 billion in bond sales to open…

IMF warned of the risks of accepting bitcoin as a legal tender in El Salvador

The IMF has once again warned that bitcoin poses too many systemic risks to be recognized as legal tender, as was done in El Salvador. A report from the International Monetary Fund (IMF) highlights that cryptocurrencies and digital payment systems like the Chivo wallet can make payments in El Salvador more efficient, expand financial services, and boost the economy. However, due to the high volatility of bitcoin, “BTC’s recognition as legal tender carries significant risks…

Celsius Network COO: Satoshi Nakamoto Wins Nobel Prize

Daniel Leon, co-founder and COO of cryptocurrency lending platform Celsius Network, has proposed to award Bitcoin’s creator Satoshi Nakamoto the Nobel Prize in Economics. Daniel Leon said that hundreds of thousands of people around the world were able to improve their financial situation precisely thanks to Bitcoin, and not to economists from academia. He stated this during a speech at the Mind the Tech NY 2021 conference in New York, organized by the Israeli edition…

Israeli bank did not accept cash from a pensioner from the sale of BTC

Esther Freeman invested 10,000 shekels ($ 3,000) in bitcoin eight years ago, during which time her bitcoins have risen to 900,000 shekels ($ 320,000). However, the local bank Hapoalim refused to accept the money from the sale. Freeman, 69, said she wanted to help one of her children buy an apartment in July 2020. The woman decided to convert bitcoins into fiat currency and found out that in 8 years her bitcoin deposit had grown…

Nvidia Q3 Report showed a decrease in sales of chips for mining

GPU maker Nvidia did not make the planned revenue from its line of cryptocurrency mining processors (CMPs) in Q3 2021, with sales of just $ 105 million. Sales of its line of cryptocurrency mining processors (CMPs) fell 60% in the last quarter, from $ 266 million to $ 105 million, with numbers expected to fall further in the fourth quarter. The report says that for the entire life of the product, revenue was $ 526…