Crypto news
Discover why StarTerra and Spectrum Token are the best Terra ecosystem tokens you can get on March 29, 2022
StarTerra (STT)’s trading volume increased by 38% in the last 24 hours. Spectrum Token (SPEC)’s value increased by 8% in the last 24 hours. Each of these tokens has huge potential for growth going forward. StarTerra (STT) is a gamified launchpad that features Play-to-earn (P2E), gamified NFTs, and multi-asset staking, all of which are built on and powered by the Terra ecosystem. Spectrum Token (SPEC) is the native cryptocurrency token of the Spectrum Protocol, which is the first yield optimizer on the Terra ecosystem that enables auto-compound and auto-stake on any user’s Terra LPs and single tokens rewards. Today, we are going to go over each of these tokens as a means of discovering how far they can grow in value. Should you buy StarTerra (STT)? On March 29, 2022, StarTerra (STT) h...
Bybit and Crypto.com exchanges follow FTX and Binance into Dubai
Bybit exchange, based in Singapore, has announced it is relocating its headquarters to the UAE Crypto.com, on the other hand, is looking to establish a regional office in Dubai Thanks to a fast-growing and friendly environment, the United Arab Emirates has been pulling big names in the cryptocurrency industry lately. A fortnight ago, FTX exchange shared news that it had been granted approval to provide regulated trading and clearing services to users in Dubai. Less than 24 hours later, Binance announced that it was looking to set up shop and carry out regional operations in Dubai after securing a virtual asset licence. Now, Bybit and Crypto.com have joined the two in establishing a presence in the Persian Gulf region. Crypto.com, which shares a native home in Singapore, revealed in a Monda...
MacroStrategy obtains $205M BTC collateralised loan to buy more Bitcoin
MacroStrategy’s parent firm MicroStrategy already has a sizeable Bitcoin chest of more than 124,390 coins The interest-only term was provided by Silvergate, which specialises in FinTech and cryptocurrency, through the Silvergate Exchange Network leverage program. MacroStrategy, a subsidiary of the mobile software and cloud-based services provider MicroStrategy, has today been granted a $205 million loan to continue with its Bitcoin acquisition mission. In a press release published a few hours ago, MicroStrategy explained that the loan was collateralised by a fraction of the Bitcoins its unit owns – now in a collateral account under the custody of the two. Though specifics of the amount involved were not included in the press release, an SEC filing released last Wednesday shows that t...
Grayscale considering lawsuit if SEC rules against its BTC Trust conversion
The digital assets management firm is not sparing any resources in converting its Bitcoin Trust offering to a Bitcoin ETF Grayscale CEO noted that the firm would go to all lengths to achieve the goal, including a legal battle with the SEC Pressure is mounting on the US Securities and Exchange Commission (SEC) in regards to a spot crypto ETF approval. The regulator has stood its ground, rejecting most Bitcoin ETF applications filed by asset managers and other financial institutions. The SEC recently rejected proposals from the Bitcoin-focused investment firm NYDIG and fund management company Global X. In January, the Gary Gensler-led agency punted (not the first time) on the NYDIG spot Bitcoin ETF proposal before finally delivering the blow this month. Thus far, the list of rejected spot bi...
Ethereum targets $3,500 as Bitcoin touches a three-month high
Bitcoin raced past $48k during Monday’s trading session setting a new year-to-date high above $48,086 Ethereum’s native token Ether has today shot up to a multi-week high of $3,428.85 on the back of the broader market rally Bitcoin yesterday set a new yearly high north of $48,000 as its price reacted to bullish news of Terra acquiring more Bitcoin that will act as reserve for its TerraUSD stable coin. The price ascent means Bitcoin has erased the losses it has recorded thus far. Though it has since retreated to $47,540 at the time of writing, market data shows Bitcoin has made marginally over 11% in the last seven days. These gains have helped the Satoshi coin come off a two-month cycle of range-trading between $35,000 and $45,000. At its current price, Bitcoin has moved up by over 43% fro...
Australian crypto exchange BTC Markets introduces a MasterCard payment option
BTC Markets customers can now make direct credit, debit, and prepaid payments to purchase crypto MasterCard previously launched crypto-funded payments cards (for goods and services) in collaboration with crypto exchange CoinJar Legacy payments platforms have in recent months been diving deeper into cryptocurrencies via partnerships and flagships. The latest, albeit not unfamiliar, name to make headlines is MasterCard. The financial services firm is collaborating with the Australian crypto exchange BTC Markets. According to local reports, the partnership would see BTC Markets clients enjoy a provision to purchase crypto from the exchange via direct credit, debit and prepaid payments powered by MasterCard. The exchange users will now be able to enjoy ease and safety in completing payments fo...
Huobi Tech to launch crypto tracking ETF in Hong Kong for retail traders
Huobi Tech, a public listed fund manager in Hong Kong, plans to launch a cryptocurrency tracking exchange-traded fund (ETF) for retail investors. The Hong Kong Stock Exchange-listed company has reportedly submitted a proposal to the Securities and Futures Commission (SFC) for its crypto ETF. The new ETF product will be focused on retail investors with assets less than HK$8 million (US$1 million), reported South China Morning Post. The vice president of the firm Romeo Wang said stressed that a Hong Kong-regulated crypto ETF would offer better security to investors and also noted that they are actively engaged with the SFC and hopes to maintain positive communication to offer regulated crypto ETF products in the market. Huobi Tech didn’t respond to Cointelegraph’s requests for comments at th...
Indian state gov’t uses Polygon to issue verifiable caste certificates
The Government of Maharashtra, one of India’s state governments, has started issuing caste certificates over the Polygon blockchain to citizens residing in Etapalli village, Gadchiroli district, as a part of the Digital India campaign. In partnership with LegitDoc, a blockchain-based application, the Maharashtra state government is in the process of rolling out 65,000 caste certificates to aid the process of delivering governmental schemes and benefits. Speaking to Cointelegraph, Indian Administrative Service (IAS) officer Shubham Gupta revealed that the Indian government is always on the lookout to implement disruptive technologies that can help democratize citizen services, adding: “Web3 takes the concept of democratization to a whole new level, whereby, data/informatio...
ETF provider WisdomTree launches Solana, Cardano, Polkadot ETPs
The American exchange-traded fund (ETF) provider WisdomTree continues expanding its cryptocurrency products in Europe by launching three new crypto exchange-traded products (ETP) backed by Solana (SOL), Cardano (ADA) and Polkadot (DOT). WisdomTree announced Tuesday the launch of three new physically-backed crypto ETPs, including WisdomTree Solana (SOLW), WisdomTree Cardano (ADAW) and WisdomTree Polkadot (DOTW). The ETPs are already listed on major European digital exchanges like Deutsche Boerse’s Xetra, the Swiss SIX exchange and the Swiss Stock Exchange. The pan-European exchange Euronext is expected to list the crypto ETPs in Amsterdam and Paris on Thursday, the announcement notes. The ETPs are designed to offer investors in Europe another option to gain exposure to the price of Solana, ...
The Bitcoin shitcoin machine: Mining BTC with biogas
Next time someone tries to poo-poo the renewable credentials of Bitcoin (BTC) mining, remember AmityAge Mining Farm. Founded by Gabriel Kozak and Dušan Matuska, the Bitcoin mining facility uses human and animal waste to generate electricity for mining. Matuska, the man “who met Satoshi Nakomoto”, told Cointelegraph that “methane from biodegradation processes runs our machines.” As human and animal waste isn’t running out any time soon, their BTC mining process is both environmentally friendly and renewable. Matuska and his colleague rigging up the Bitcoin miners in the plant. Source: Dušan Matuska According to Matuska, using renewable energies such as biogas “shows that we can really accelerate the adoption of these renewables and make their return on investment higher in the end...
Why NFT adoption is so high in South Korea
South Korea’s reputation as a trend-setter and leader in technological research is quickly spilling into the blockchain realm as nonfungible token (NFT) adoption has skyrocketed in the small East Asian country. As of 2020, South Korea has been among the top-10 countries in the world in the Global Innovation Index by the World Intellectual Property Organization. That level of innovation is made apparent to global retail consumers by tech giants such as Samsung and LG and to gamers through game maker Krafton. Those companies, and many like them, are now also delving into the NFT space by dropping new collections to customers and launching divisions of their company dedicated to developing NFTs. There may be several reasons for the eagerness to expose retail consumers and the general public a...
Law Decoded: Crypto taxes and taxes on crypto, March 21–28.
It was relatively quiet in the digital asset policy department last week, as regulators and lawmakers in most key jurisdictions retreated to their offices to do the necessary homework. In the U.S., federal agencies got on with the various reports that President Joe Biden’s recent executive orders directed them to produce. Over in the United Kingdom, both the central bank and the Financial Conduct Authority also dropped position papers on crypto-related issues. After thorough deliberation, Thailand’s financial authorities spoke out against using crypto as a means of payment, while rumors of potential legal tender adoption of crypto emerged and died in Honduras. One theme that has been conspicuous throughout the week is the relationship between digital assets and taxation. Few would argue th...
