Crypto news
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...
BTC ‘likely’ to repeat Q4 2020 move — 5 things to watch in Bitcoin this week
Bitcoin (BTC) starts a new week facing multiple hurdles but with strong internal support — can old resistance below $50,000 finally fall? A correction event now almost in its third month is frustrating many, but conditions may soon be right for a fresh charge against opportunistic bears, an increasing number of analysts are saying. With inflation running hot and United States lawmakers set to make the Bitcoin mining debate public this week, there are plenty of potential pitfalls in store. Nonetheless, it’s beginning to feel like Bitcoin is at the point where it is capable of producing a classic surprise when the majority of the mainstream economy least expects it. Cointelegraph takes a look at five factors worth paying attention to when charting BTC price action over the coming week. Bitco...
Tonga accepts Bitcoin donations amid tsunami onslaught
On Friday, the Kingdom of Tonga experienced the shockwave of a massive volcanic eruption of the Hunga Tonga-Hunga-Ha’apai volcano. More eruptions ensued after the first, leaving the citizens of Tongatapu, the main island of Tonga, to face down a tsunami. Amid the difficulties, crypto holders expressed their sympathy and intent to donate Bitcoin (BTC) to help with the relief operations. Twitter user onair_blair urged Bitcoin supporter and former Tongan lawmaker Lord Fusitu’a to set up a wallet address where people can donate bitcoins for Tonga’s relief funds. With waves of up to 1.2 meters (about 4 feet) covering to roads and properties, people started fleeing to higher ground to escape. At the time of writing, there have been no casualties reported. However, air and ...
Singapore bars crypto service providers from advertising in public spaces
The Monetary Authority of Singapore (MAS) issued a new set of guidelines for digital payment token (DPT) providers, barring them from marketing their services in public areas. The guidelines, which were issued on Jan. 17, also warned the general public of the high risks associated with the crypto market in addition to prohibiting DPT companies from advertising their services in public places such as public transportation, public transportation venues, public websites, social media platforms and broadcast and print media. The new set of guidelines will be applicable for all the registered crypto services providers as well as those who are in the transitional period: “MAS stresses that DPT service providers should conduct themselves with the understanding that trading of DPTs is n...
Crypto.com pauses withdrawals due to ‘suspicious activity’
Major crypto wallet and platform Crypto.com has temporarily halted withdrawals after “a small number of users reporting suspicious activity on their accounts,” but all funds are reportedly safe at the moment. 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. — Crypto.com (@cryptocom) January 17, 2022 A few hours ago, Crypto.com halted withdrawals from its platform in response to several “thefts” reported by customers. Dogecoin (DOGE) founder Billy Markus noticed a suspicious transaction pattern on Etherscan that prompted the company to halt all transactions until it figures out what’s going on with its platform. Internal system transfers and funds are safe? Inside ...
Propy rallies 227% as real estate NFTs become reality and PRO lists at Coinbase
Nonfungible tokens (NFTs) skyrocketed in popularity over the course of 2021 as the wider public became enthralled with projects like the Bored Ape Yacht Club and CryptoPunks, but these one-of-a-kind digital images are only scratching the surface of what NFT technology is capable of. One project focused on expanding the functionality of NFTs beyond the digital art space is Propy, a protocol focused on the integration of blockchain technology with the real estate sector by automating the closing process of home buying to make the entire process faster, simpler and more secure. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $1.12 on Jan. 12, the price of PRO moved 227% higher to hit a daily high at $3.67 on Jan. 14 as its 24-hour trading volume spi...
The Australian Open swings into the Metaverse on Decentraland
Tennis Australia has partnered with Decentraland to host the Australian Open (AO), which will be the first official tennis grand slam in the Metaverse. A virtual recreation of key areas in Melbourne Park, including the Rod Laver Arena and Grand Slam Park, will be open for the duration of the Australian Open tournament, which will run for a fortnight beginning on Jan. 17. The event will include exclusive content for virtual visitors, including behind-the-scenes footage from over 300 cameras around Melbourne Park, including the exclusive player arrivals area and the practice village. As well as broadcasting live footage and AO radio, it will also feature archival footage from tennis matches dating back to the 70s and virtual meet-ups with tennis players including Mark Philippoussis, with oth...
AI-generative art predicted to be next trend for NFT sector
Sales of nonfungible tokens, or NFTs, reached $25 billion in 2021, demonstrating that the sector is one of the most sought-after markets in crypto. Art NFTs, in particular, made a big impact last year with Christie’s reporting over $93 million in nonfungible token sales during its fourth annual Art+Tech Summit that took place this past August. While notable, much of the crypto art scene appears to be dominated by cartoons and memes, as projects like CryptoPunks and Bored Ape Yacht Club have taken center stage. Although these projects are some of the most successful to date, a new subset of NFTs is emerging based on advanced technologies and the human imagination. AI-generative NFTs become a new art genre Known as “AI-generative NFTs,” these nonfungible tokens are becoming increa...
Top 5 cryptocurrencies to watch this week: BTC, NEAR, ATOM, FTM, FTT
Bitcoin (BTC) has stopped its decline and is attempting a recovery along with select altcoins. Some traders have been fearing a massive sell-off in Bitcoin but Capriole CEO Charles Edwards said that Bitcoin’s worst crashes have happened “due to miner capitulation (December 2018 and March 2020), when BTC fell below production costs.” However, the current production cost of Bitcoin was $34,000, which is well below the current price. In a sign that institutional investors remain bullish on the crypto sector even after the recent fall, Cathie Wood’s Ark Invest bought 6.93 million shares of the special purchase acquisition company that will merge with Circle, the principal operator of USD Coin (USDC) and the second-largest stablecoin in terms of market capitalization. Crypto market data d...
