U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler explained how securities laws apply to cryptocurrency tokens as he outlined the commission’s priorities in regulating the crypto space. “Our role at the SEC is to ensure that the public still has basic protections,” he stressed. SEC Chairman Gary Gensler on Crypto Regulation SEC Chairman Gary Gensler discussed cryptocurrency regulation and the agency’s 2022 regulatory agenda on CNBC on Monday. The chairman explained that, in general, “if you’re raising money from the public and the public expects a profit based on the efforts of that promoter, sponsor, that group — that’s within the scope of the securities law, and it’s within the scope of the securities law. , because Congress uses big strokes… [Read More...]
The Republic of Palau and Cryptic Labs launch digital residency program
The Republic of Palau and blockchain development company Cryptic Labs announced on Tuesday the launch of the Root Name System (RNS), a digital residency initiative. To launch the partnership between Palau, Cryptic Labs and the Sovereign-Backed Digital Residency Initiative, Palau President Surangel S. Whipps Jr. sign Grant digital residency to “all global users” via agreement Neural Networks According to the country’s Digital Residency Act. The Republic of Palau is located in the Western Pacific Ocean and consists of approximately 340 islands inhabited by 18,221 inhabitants. President Whipps said: “Our digital residency program will feature internationally recognized standards of identity verification to ensure Palau upholds the rule of law and the integrity of our reputation. We welcome applications from all global citizens to participate in Palau’s digital… [Read More...]
Billionaire Jeff Gundlach predicts recession this year, advises against buying Bitcoin – Markets and Prices Bitcoin News
Doubleline Capital CEO Jeffrey Gundlach, also known as the “bond king,” has warned of a “recession in the second half of the year.” He also advised against buying Bitcoin at current levels. “Maybe you should have bought it for $25,000,” he said. Billionaire ‘Bond King’ Jeff Gundlach on Recession, Bitcoin and Fed Rate Hikes Billionaire fund manager Jeff Gundlach warned of a recession in the second half of the year in an interview with Yahoo Finance published Saturday. He also commented on whether investors should buy Bitcoin. Gundlach is the CEO of Doubleline Capital, which has over $137 billion in assets under management (AUM). He is sometimes referred to as “Bond King” after appearing on the cover of Barron&#… [Read More...]
Yellow Card Announces Resumption of Deposits and Withdrawals via Naira – Exchange Bitcoin News
Yellow Card has announced the resumption of naira deposits and withdrawals in Nigeria through a statement from the cryptocurrency exchange. The company’s move comes nearly a year after the central bank ordered yellow cards to suspend deposits and withdrawals. CBN’s growing interest in digital currencies Cryptocurrency trading platform Yellow Card now says it is resuming local deposits and withdrawals in Nigeria, nearly a year after a central bank directive suspended services. The company’s resumption of services also comes a few months after the Central Bank of Nigeria (CBN) launched its own digital currency. In its statement In an article published by Vanguard, Oparinde Babatunde, Yellow Card’s director of services, said the CBN’s change in stance on digital currencies may have influenced his company’s decision to… [Read More...]
Disney patents technology for theme park Metaverse
Disney has been awarded a patent that will create personalized, interactive attractions for theme park visitors. The technology will facilitate headset-free augmented reality (AR) attractions at Disney theme parks. The technology will work by tracking visitors using their phones, generating and projecting personalized 3D effects onto physical spaces, walls and objects around the park. The entertainment giant is approved for “virtual world simulators in real-world venues,” patent December 28, 2021. Originally filed with the USPTO in July 2020. This”Metaverse“It’s largely imagined to exist on the internet, accessed using virtual reality (VR) or AR headsets. However, Disney’s proposed technology will bring the metaverse into the physical world. This isn’t the first time Disney has shown interest in the metaverseDuring the company’s… [Read More...]
Mike Novogratz Says Bitcoin Should Bottom Around $40K, Sees ‘Huge’ Demand From Institutional Investors – Bitcoin News
Galaxy Digital CEO Mike Novogratz expects the price of bitcoin to bottom out around $38,000 to $40,000. “I know the big institutions are going through their process to set up positions. They’re going to see these as attractive levels of buying,” he said. Mike Novogratz on the future of the crypto market Mike Novogratz, CEO of Galaxy Digital, spoke about the prospects of the cryptocurrency market in an interview with CNBC last week. He was asked about the falling price of cryptocurrencies, especially Bitcoin. “Part of the Bitcoin story is the devaluation of fiat currencies, and as the Fed looks more hawkish, some of that goes away,” he explained. “Crypto has had a really bad year last year. It’s hard to imagine you’re… [Read More...]
Payments Giant Explores Launch of Stablecoin to Boost Crypto Offerings – Featured Bitcoin News
Paypal is reportedly developing a dollar-backed stablecoin to expand its cryptocurrency offerings. “Of course, we will work closely with the relevant regulators,” the company stressed. PayPal is exploring launching its own dollar-backed stablecoin Paypal Holdings Inc. is reportedly exploring launching its own stablecoin backed by the U.S. dollar as part of the company’s push into cryptocurrencies, Bloomberg reported Friday. Jose Fernandez da Ponte, senior vice president of cryptocurrencies and digital currencies at Paypal, confirmed to the publication: We are exploring a stablecoin; if we seek to move forward, we will of course work closely with the relevant regulators. Evidence of the Paypal stablecoin was first spotted by developer Steve Moser, who shared his findings with the news outlet. He noticed code and… [Read More...]
Veteran Trader Peter Brandt Shares ‘Holy Trading Rules’ As Bitcoin Drops, Warns Against Buying The Dips – Bitcoin News
Veteran trader Peter Brandt shared the “sacred trading rules” he uses in response to comments about buying Bitcoin as cryptocurrency prices continue to fall. “Never add to a losing trade,” he affirms. Peter Brandt offers trading advice Veteran trader Peter Brandt has one trade advice for anyone considering buying the dip. Brandt has been a professional futures and foreign exchange trader since 1975. He is a chartist and the author of the Factor Report. He trades a variety of markets including Dow futures, bonds, corn, crude oil, European wheat, Osaka Dow, U.S. dollar and sugar. Responding to comments on Twitter, Brandt said there may be more opportunities for long-term holders to buy cheaper bitcoin in the coming months, writing: A sacred trading rule… [Read More...]
5 NFT-based blockchain games that could skyrocket in 2022
Following the popularity of DeFi, the rise of non-fungible tokens (NFTs), to the surprise of many, NFTs took the spotlight and held the lead with the highest sales volume starting January 2022. The growing number of unique NFT buyers on Ethereum Source: Delphi Digital Although 2021 will be the first year of NFTs, GameFi applications do surpass DeFi in terms of user popularity. According to DappRadar data, Bloomberg Gather: “November, nearly 50{da2ef7ff2781dfb5887db3e3a6cf03c7c894e23a27536de3f64bd799872794d1} of active cryptocurrency wallets connected to dapps were used to play games. Months after being the leading dapp use case, the proportion of wallets related to decentralized finance or DeFi was in the same period down to 45 percent.” Blockchain, pay-as-you-play game Axie infinity has soared and set off a gaming boom expected… [Read More...]
Pakistani Lost Millions to Crypto Scam, Pakistan Issues Notice to Binance – Bitcoin News
Investors from Pakistan have fallen victim to massive fraud using cryptocurrencies. Media reports say the country’s main law enforcement agency has notified cryptocurrency exchange Binance about the scam, which cost Pakistanis $100 million. Fraudsters lure Pakistanis to invest in cryptocurrencies via Binance Federal Bureau of Investigation of Pakistan (son) uncovered a crypto investment scam that allegedly cost Pakistani citizens around 17.7 billion rupees (about $100 million). On Friday, Imran Riaz, head of the FIA’s cybercrime unit, provided details about the case, saying the organizers used cryptocurrencies. Local media quoted Riaz as saying: We have launched an investigation after receiving complaints about fraud involving multi-billion rupees using nine online applications. Fraudsters used a mobile app that offered Pakistani crypto investment opportunities, and people sent between $100 and… [Read More...]
12 UK Police Seize $435M Worth of Crypto in 5 Years – Regulated Bitcoin News
British police have revealed how much cryptocurrency they have seized over the past five years in response to freedom of information requests. London’s Metropolitan Police has seized more bitcoin than any other police district. UK police reveal information on cryptocurrency seizures Over the past five years, 12 of 43 British police officers have seized crypto worth around £322m ($435m) in criminal investigations, New Scientist said on Thursday, citing its freedom of information (FOI) request. currency. Bitcoin accounted for 99.9{da2ef7ff2781dfb5887db3e3a6cf03c7c894e23a27536de3f64bd799872794d1} of cryptocurrencies seized in the UK However, law enforcement also seized Ethereum, Monero, Dash and zcash. The police with the most cryptocurrencies seized were the London Metropolitan Police, who seized £294 million bitcoin. GBP 25 million seized by Greater Manchester Police. Some police boroughs did not respond to… [Read More...]
Institutional Investors Say SEC Has More Powers To Regulate Cryptocurrencies Will Drive Prices – Regulated Bitcoin News
Institutional investors are optimistic that the U.S. Securities and Exchange Commission (SEC) has more powers to regulate the crypto market, according to a recent survey. They believe that if the SEC is granted additional powers, the price of cryptocurrencies will be positively affected. Institutional Investors’ Views on Cryptocurrencies Regulated European digital asset hedge fund manager Nickel Digital Asset Management recently released a report on institutional adoption of crypto assets. The report includes surveys and interviews with 50 wealth managers and 50 institutional investors in the US, UK, Germany, France and the United Arab Emirates (UAE). Together, they manage about $108.4 billion. The report explains that security concerns are the number one reason institutional investors are skeptical about investing in crypto assets. According to the survey results, 79{da2ef7ff2781dfb5887db3e3a6cf03c7c894e23a27536de3f64bd799872794d1} of… [Read More...]
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