Ace eWallet (DAA)
Under Financial Services Law, it is common practice for the DFS to charge licensed non-crypto financial entities for the cost and expenses of maintaining oversight over them.
ETH and USDT keep getting deposited onto centralized exchanges, while BTC holders seem to be taking matters into their own hands following the fall of FTX.
The famed stock-picker is standing by her bold prediction that each BTC coin would be worth $1 million in the next eight years despite the recent bloodbath in the market that has seen the flagship cryptocurrency plunge to a record low in two years.
The largest cryptocurrency considerably weakened after the implosion of exchange FTX, continues to grapple with the fallout.
Investors are unsure what will happen next as more firms sound the alarm over solvency and regulators step up investigations in the crypto space.
“We have terminated our global agreements with FTX and their U.S. debit card program is being wound down by their issuer,” a Visa spokesperson told CoinDesk.
It was reported in October that Visa had partnered with FTX release crypto debit cards in 40 countries with a focus on Latin America, Europe and Asia, sending prices of FTX's crypto token FTT higher.
Rebound does not wait.
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Google Cloud has trumpeted a series of collaborations with popular blockchain networks Ethereum and Solana in recent weeks, accelerating the tech giant’s support of Web3.
Singapore wants to be a hub for digital assets, just not for trading and speculating in cryptocurrencies, Ravi Menon, managing director of the Monetary Authority of Singapore, said at the Singapore Fintech Festival.
Dogecoin is registering double-digit gains surging past the $0.1 mark. The surge is attributed to the $44B acquisition of Twitter by Elon Musk. The DOGE community is thrilled since the cryptocurrency could get a new lease of life through the social media platform.
The United Kingdom’s incoming prime minister may be a bullish indicator for the country’s crypto prowess.
Former Chancellor of the Exchequer Rishi Sunak is set to take the seat following the resignation of Liz Truss — who was in office for just 45 days.
Bitcoin, Ethereum Rally Liquidates Over $1 Billion in Trades Overnight.
As Bitcoin eyes a possible breakout above $21,000, the broader crypto market’s liquidations topped a massive $1 billion.
Mastercard has made a slew of announcements related to crypto in recent weeks, such as "Crypto Secure" launched and a customizable debit card with blue-chip NFTs.
Walmart's global chief technology officer has given the strongest hint yet that the world's biggest retailer may soon start accepting digital assets as a payment method.
Google is now providing data on Ethereum addresses via its search engine. The world’s biggest website now tells you how much ETH some wallets hold when you punch an Etheruem address into the search bar.
This was announced at Google’s Cloud Next conference, allowing Google to make inroads into cutting-edge crypto, Web3 companies to use digital currencies as payment methods and Coinbase to receive a percentage of these payments to diversify from revenue based on trading volume.
NYDIG said the firm’s balance sheet is now “the strongest it’s ever been,” with its Bitcoin balance hitting an all-time high in the third quarter, “up almost 100% year-over-year, while revenue is up 130% through the second quarter and set to increase in the third quarter.
No one notice that Bitcoin perform amazingly throughout the history.
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Bitcoin network hash rate hit a new record high, seeing a 400% increase since the mining ban by China last year.
The network's hash rate hit a new record high of 258 EH/s on Thursday before settling around the 220 EH/s mark.
Interestingly, the transaction count, new user count, and even layer-2 transaction volumes continued to move higher during the period.
The data from the on-chain metric shows that the costs started dropping since the NFT boom in 2021.
Is it due to the Merge?
Will you grab the opportunity?
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Proposed legislation aims to target digital assets like UST, which collapsed spectacularly earlier this year.
The law would make it illegal to create "endogenously collateralized stablecoins" whose value is solely based on a different digital asset by the same issuer.
A Chinese court has ruled that citizens can still trade cryptocurrencies despite the country’s ban on digital asset services. Notably, China has an existing ban on cryptocurrency trading, citing a threat to financial sector stability.
Ethereum is now a full Proof of Stake network! The technical upgrade, called the merge, was completed. It significantly reduces the amount of energy used by the network and sets the stage for Ethereum to lower its fees and massively expand its user base.
What is crypto staking?
Crypto staking is a process through which users can earn rewards for holding cryptocurrency. By locking up coins in a staking wallet, users can earn a percentage of the block rewards for participating in the network.
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Head of the SEC, supports the bill that would give CFTC oversight over BTC and ETH. This would mean that these coins would be classified as commodities by U.S. regulators. This, in turn, would remove ambiguity for institutional regulators.
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“A rotating Bitcoin currency logo. A yellow sapphire sun, a 1ct diamond moon, and a golden Earth. A miniature black rocketship, complete with a flaming reactor and a Bitcoin sign to reach for the moon. All these symbols tell the story of the advent of the first cryptocurrency, from abstraction to reality, from outlier to a mainstay of the financial system.”
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The market capitalization of Bitcoin has more than halved, plummeting from $1.27 trillion last November to under $417 billion. Ethereum, the second-largest cryptocurrency by market cap, has also slipped to around $1,728, a 6.2% decline over the past 24 hours. 📉