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Russian central bank proposes blanket ban on crypto mining and trading
20.1.2022
Russian central bank has demanded reinforcement of the ongoing crypto payment ban and seeks to introduce punishments
Russian Central Bank Proposes Crypto Use and Mining Ban
20.1.2022
The central Bank of Russia today proposed banning the use and mining of cryptoaassets on the country's territory. The proposed ban encompasses crypto exchanges too.
The bank is citing threats to financial stability, economic security, and monetary policy sovereignty to justify this...
Spellfire Oversubscribed Twice, a Staggering $3.8M Raised
20.1.2022
Spellfire Re-Master the Magic, a modern take on classic collectible card games, has completed its private funding round, raising a staggering $3.8 million. Leading investors DAO Maker and Shima capital, are joined by Genblock, IBC group, Faculty group, IBA, Maven Capital, Autonomy Capital...
Canadian Bitcoin platform Shakepay raises $35M in Series A funding
20.1.2022
Bitcoin startup Shakepay raised $35 million ($44 million CAD) in Series A funding round, valuing the company at $251 million
MicroStrategy CEO won't sell $5B BTC stash despite crypto winter
20.1.2022
MicroStrategy's Michael Saylor has no intention of selling from his firm's $5 billion Bitcoin chest despite a 40% drop in the value
Andreessen Horowitz Eyes USD 4.5B For New Crypto Funds
20.1.2022
As another sign of venture capital money increasingly fueling the cryptosphere’s disruption of legacy finance, US venture capital firm Andreessen Horowitz (a16z) has unveiled plans to raise up to USD 4.5bn to launch new crypto-focused funds -- potentially more than doubling the amount it raised...
Opensea Acquires Dharma Labs, Co-Founder Is Named New CTO
20.1.2022
Opensea, one of the biggest NFT marketplaces globally, recently announced it is acquiring Dharma Labs. The price is believed to be between $110 million and $130 million. As a result of the new agreement between the two companies, Nadav Hollander, a co-founder at Dharma Labs, will become the...
Bitcoin and Ethereum Attempt Recovery, Hurdles Nearby
20.1.2022
Bitcoin price is attempting a recovery wave above the USD 42,000 level. BTC is currently (04:00 UTC) facing resistance near USD 42,500. A clear break above USD 42,500 might start a steady increase in the near term.
Similarly, most major altcoins are slowly rising. ETH is facing a major hurdle near...
MicroStrategy is Only HODLing Bitcoin, Says the CEO
20.1.2022
US-based software developer MicroStrategy has adopted its strategy to heavily invest in bitcoin (BTC) in a bid to survive in a tech market dominated by significantly bigger competitors, according to Michael Saylor, the company’s CEO. He also confirmed his holder stance, declaring that his firm...
Regulator Reiterates Call for EU Ban on Proof-of-Work Mining
20.1.2022
The EU should prohibit proof-of-work crypto mining, an executive at the European securities watchdog has insisted. Coins relying on the energy-intensive method of minting pose a risk to efforts aimed at meeting climate change goals such as those set in the Paris Agreement, the regulator says....
Google Cards to Offer Bitcoin Storage Services to Consumers
20.1.2022
In what could be considered as one of the significant developments for the cryptocurrency domain, Google’s digital cards might enable users in the future to hold the Bitcoin and spend the fiat currencies in return for making transactions. In order to achieve this functionality, Google is reportedly...
El Salvador explores low-interest loans backed by Bitcoin
20.1.2022
The Salvadoran government is looking to create a Bitcoin-backed loan product for micro and small businesses across the country
Breaking 'bear market' in Bitcoin demand will spark next BTC price surge — analysts
20.1.2022
Several well-known pundits agree on the power of a potential shake-up in supply and demand for Bitcoin this year
Bitcoin Mining Difficulty Set for a New All-Time High in Less Than a Day
20.1.2022
Bitcoin (BTC) mining difficultly is likely to break its all-time high in less than a day, cutting into the already decreasing profit margins of BTC miners.
At 10:23 UTC, Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, is expected to go up 9%...
Intel to Unveil an Energy-Efficient Bitcoin Mining Chip
20.1.2022
Intel, the globe’s 2nd largest semiconductor chip maker, seems to be preparing to unveil a Bitcoin mining chip. This same organization does have a demonstration planned under the “Highlighted Chip Releases” classification for this year’s ISSCC meeting to display a “Bonanza...
American Banker Plans to Debut Bitcoin Buying and Selling Using Mobile Banking
20.1.2022
Users of selective U.S. banks will be able to conduct the transaction of Bitcoin through their current accounts, according to crypto custody firm NYDIG. According to estimates, 300 banks disclosed their plans last year in June will implement this service first with the help of FinTech NYDIG....
Main Opposition Candidate for President of South Korea Pledges Support for Crypto Tax Exemptions
20.1.2022
The leading presidential candidate of the opposition in South Korea has promised voters to ease the tax burden on crypto-related profits through exemptions. In a recent statement, Yoon Suk-yeol indicated that crypto investors will be treated like those who put money into stocks. Presidential...
CRO Jumps as Crypto.com Releases USD 34M Hack Report
20.1.2022
CRO, the native token of major crypto exchange Crypto.com, is moving up today, as the company published a report detailing the recent attack and the loss of almost USD 34m -- adding that it has reimbursed the affected users.
"The incident affected 483 Crypto.com users. Unauthorized withdrawals...
Microsoft Reveals Activision Purchase for $68.7 Billion as an Approach to the Metaverse
20.1.2022
Microsoft, the software behemoth, announced today it had completed a deal to acquire Activision Blizzard, one of the biggest game developers and publishers in the gaming world. The deal, which involves an all-cash transaction valued at $68.7 billion, will give Microsoft ownership of important...
Pakistan Telecom Authority Asked to Block Over 1,600 Crypto Sites — Minister Says Government Intends to ‘Regularize’ Crypto
20.1.2022
The Pakistan Telecommunication Authority has been requested to ban more than 1,600 crypto websites by the Federal Investigation Agency (FIA). The action followed a complete crypto ban recommendation by the central bank, the State Bank of Pakistan (SBP). Meanwhile, the country’s science...