crypto blog

Bitcoin price can’t find its footing, but BTC fundamentals inspire confidence in traders

Bitcoin’s (BTC) sudden crash on Jan. 10 caused the price to trade below $40,000 for the first time in 110 days and this was a wake-up call to leveraged traders. $1.9 billion worth of long (buy) futures contracts were liquidated that week, causing the morale among traders to plunge. The crypto “Fear & Greed” index, which ranges from 0 “extreme fear” to 100 “greed” reached 10 on Jan. 10, the lowest level it has been since the Mar. 2020 crash. The indicator measures traders’ sentiment using historical volatility, market momentum, volume, Bitcoin dominance and social media. As usual, the panic turned out to be a buying opportunity because the total crypto market capitalization rose by 13.5%, going from a $1.85 trillion bottom to $2.1 trillion in le...

Panther protocol co-founder Oliver Gale discusses bringing zero-knowledge technology to multi-chain

Privacy coins and zero-knowledge technology, which some use to obfuscate the identity of sends/receivers and transaction amounts, have gained enormous popularity in recent years due to mounting regulatory surveillance against the crypto sector. But despite their rapid rise in market cap, critics continue to scrutinize such class of assets as enablers for masking illicit activities. In an exclusive interview with Cointelegraph, Oliver Gale, CEO, and co-founder of the Panther Protocol (ZKP), elaborated on the technology behind its privacy decentralized finance, or DeFi, solutions and why it’s necessary for today’s crypto space: CT: How much did you raise from your recent token sale, and what does your roadmap look like from here? OG: We’ve raised over $30 million in total. ...

FTX announced as naming rights sponsor of Australian Blockchain Week 2022

FTX Trading Limited (FTX) will be the naming rights sponsor for Australian Blockchain Week 2022, which will run from March 21 to 25. Blockchain Australia is the peak industry network in Australia, bringing together industry, academia and government to discuss the opportunities of blockchain technology. I’m incredibly excited to announce @FTX_Official as the Naming Rights Sponsor for Blockchain Week 2022. A huge to @SBF_FTX for your support of the Australian ecosystem pic.twitter.com/B6cUWaTWIE — Steve Vallas (@stevevallas) January 17, 2022 Over 200 speakers across 75 events will present at Australian Blockchain Week, including FTX CEO Sam Bankman-Fried. Launched in May 2019, FTX is a Bahamian-based cryptocurrency derivatives exchange. At the time of publication, it had a 24-hour trad...

Singapore’s MAS updates crypto advertisement regulations

The Singapore regulator has asked crypto service providers not to show advertisements trivialising the high risks associated with these trades Yesterday, the Monetary Authority of Singapore issued guidelines for crypto service providers, asking them to desist from airing advertisements to the general public in the country. A media release published alongside the guidelines confirmed that the regulator aims to inhibit speculation on various assets known to be volatile and thus unsuitable for investors within the general public. Onwards, crypto service providers in Singapore would no longer be allowed to advertise their products on retail-scale platforms. These include physical ATMs in public settings, physical ads, and online platforms. The updated guidelines also required that henceforth, ...

Spain establishes new requirements for influencers advertising crypto assets

New rules will require social media influencers advertising crypto to seek prior approval before publishing their content Spanish regulators have today announced that starting a month from now, they will impose new guidelines around cryptocurrencies. As per the updated guideline policy, promotions by the so-called influencers will be restricted in what is a first for a member country of the European Union (EU). According to a paper published by the National Securities Market Commission (CNMV) today, Spain intends to ensure that advertisements for products and services offer “true, understandable, and non-misleading content, and includes a prominent warning of the associated risks.” Big adjustments are coming along with the new policy When the new policy comes into effect around...

Pakistan’s president calls for more training in blockchain technology

Arif Alvi, currently serving as the president of Pakistan, called for additional training in emerging technologies including blockchain, artificial intelligence and cybersecurity while meeting with a delegation of blockchain technology experts. In a Monday announcement, Alvi said Pakistan’s talent pool should be ready to meet the needs of the Fourth Industrial Revolution, which includes utilizing blockchain technology in the public and private sectors. According to the Pakistan president, the technology could be used as a government tool to track transactions, reduce corruption and increase transparency. Among the panel of experts was Bitcoin SV advocate Jimmy Nguyen, founding president of the Bitcoin Association. President Dr. Arif Alvi had a meeting with an international delegation ...

Crypto DAO spends €2.66M on Jodorowsky’s Dune thinking they would own its copyright, receives mass ridicule on Twitter

Late Saturday, Spice DAO, a decentralized autonomous organization that owns a copy of an unpublished manuscript of Frank Herbert and Alejandro Jodorowsky’s never-completed film Dune, announced its roadmap going forward. In the tweet, Spice DAO said it would “Make the book public, produce an original animated limited series inspired by the book and sell it to a streaming service, and support derivative projects from the community.” The group had previously won the Christie’s auction in November for the copy’s sale at 2.66 million euros (a little over $3 million), or about 89 times its price estimates at the midpoint. However, there was just one problem, buying a copy of a book does not grant the purchaser its copyright. In the United States and European Union, ...

Price analysis 1/17: BTC, ETH, BNB, ADA, SOL, XRP, LUNA, DOT, AVAX, DOGE

Bitcoin’s (BTC) volatility has been shrinking in the past few days. The standard deviation of daily Bitcoin returns for the last 30 and 60 days as calculated by the Bitcoin Volatility Index is at 2.63%, the least volatile it has been since November 2020. Generally, tight ranges are followed by strong price expansions. In 2020, the low volatility period in November was followed by a sharp rally in mid-December, which resulted in a supercycle that carried the price all the way to $64,854 on April 14, 2021. Daily cryptocurrency market performance. Source: Coin360 However, there is no certainty that the volatility expansion will happen only to the upside. The price could break out in either direction. Commentator Vince Prince warned that the high leverage ratio of Bitcoin could trigger a big c...

Spanish government will implement new rules for crypto ads

Spanish financial regulator Comisión Nacional del Mercado de Valores, or CNMV, announced new regulations for crypto-asset investments advertising. According to the new circular that will take effect on February 17, 2022, crypto ads must be “clear, balanced and fair” while also providing sufficient information on the risks involved when investing in crypto. The new rules also require advertisers targeting 100,000 people or more to inform the regulator 10 days in advance. After the initial report, the remaining ad activities will be supervised by the CNMV, but will not require advanced reporting.  The CNMV also made it clear that influencers are covered by the new advertising regulations. The rules apply to crypto service providers running ads on their own or through third-party ad...

Australian Football League scores a mega-deal with Crypto.com

The Football League has become the latest sports entity to partner with the exchange, which is looking to reach a bigger audience via the sports industry Crypto.com has reached an agreement to become the official exchange platform of the Australian Football League (AFL). The women’s league (AFLW) is also featured in this latest partnership deal aimed towards mainstream acceptance. The exchange will secure exclusive naming rights for the ‘Crypto.com AFL Score Review’ for all premier and final series games as part of the agreement. According to the press release shared with FXEMPIRE, Crypto.com will join Toyota and the National Australia Bank (NAB) in sponsoring the two leagues in a deal valued at $25 million through the next five years. This mega-deal is a significant jump...

LUNA, LINK, UNI and AAVE the best DeFi tokens to buy on January 17, 2022 and this is why!

Terra (LUNA), Chainlink (LINK), Uniswap (UNI) and Aave (AAVE) are all tokens that have showcased solid growth. Each token fills a solid role within DeFi and has had great developments. These are the go-to tokens to buy on January 17, 2022. Decentralized finance (DeFi) has blown up in terms of both popularity as well as utility throughout the past few years. Many tokens have attempted to introduce new solutions, some of which have exceeded expectations. Terra (LUNA), Chainlink (LINK), Uniswap (UNI), and Aave (AAVE) are some of the best DeFi tokens you can buy on January 17, 2022. Should you buy Terra (LUNA)? On January 17, Terra (LUNA) had a value of $81.299. The all-time high value of the LUNA token was on December 27, 2021, when the token reached a value of $103.34. This made the token $2...

Crypto.com users report suspicious wallet activity, exchange pauses withdrawals

The exchange has not clarified the nature of the suspicious activity, but users are claiming mysterious loss of money Earlier today, Crypto.com said it was temporarily pausing withdrawals as it confirmed receiving reports from some users claiming suspicious activity in their wallets. The exchange noted that it was looking into the matter and assured users of their holdings’ safety. “We have a small number of users reporting suspicious activity on their accounts. We will be pausing withdrawals shortly, as our team is investigating. All funds are safe,” a tweet from the exchange’s Twitter account read. Some users responding to the tweet claim to have messaged the exchange about the issue hours before the announcement. For instance, Entrepreneur and jeweller Ben B...