Cryptocurrency Bitcoin NEWS

2022-01-20 10:38:56 ​ESMA Guide Calls for Prohibition of PoW Cryptocurrency Mining

The main reason for the ban, Eric Theden calls the growing energy consumption in the mining of bitcoin and other cryptocurrencies on the Proof-of-Work algorithm, reports the Financial Times. According to an ESMA representative, miners may well continue to mine cryptocurrencies, they just need to switch to coins based on the Proof-of-Stake algorithm and similar ones.

What to do with a huge amount of equipment for mining bitcoin, the official did not explain.

Theden, who also serves as CEO of the Swedish Financial Services Authority, argues that bitcoin miners have become a "national problem" and have the potential to influence climate change:

“The solution is to ban cryptocurrencies from PoW. The Proof-of-Stake algorithm requires much less energy. We need to discuss redirecting the development of the mining industry to a more efficient technology.”

In Sweden, a significant proportion of electricity is generated from renewable sources, but, laments the vice president of ESMA, often this energy is spent on bitcoin mining. Whereas it could act to consumers of electricity derived from fossil fuels. As a result, says Theden, emissions of CO2 and other harmful substances into the atmosphere remain at the same level.

It is worth noting that now, according to the Digiconomist service, the annual energy consumption of all bitcoin miners exceeds 200 TWh. This is much more than the consumption of all of Sweden (130 TWh) and is comparable to the consumption of a country like Thailand. The confirmation of one transaction in the network of the first cryptocurrency consumes 2,192 kWh. Öffnen / Wie

2022-01-19 10:24:09 ​The UK Treasury is going to exclude blockchain and DLT from the law on cryptocurrencies

HMT in the January report on the state of the crypto market states that the majority of modern cryptocurrency projects use the distributed ledger technology (DLT) or blockchain as the underlying technology. However, according to the British Ministry of Finance, this may change over time, which means that now is the time to apply the terms “focused on the future of the crypto industry”:

“Most crypto assets currently use DLT. This is likely to change as technology and the industry evolve. Therefore, the government is proposing to remove the reference to DLT from the definition of qualifying crypto assets.”

The UK authorities seek to actively regulate the cryptocurrency market and periodically come up with initiatives. The new set of HMT proposals aims to bring every specific case of DeFi into the scope of crypto regulatory legislation.

Bank of England Deputy Governor John Cunliffe said in October 2021 that DeFi poses huge risks for users, since investors are not guaranteed protection when receiving financial services from such projects. Cunliffe said the Bank of England had already begun to think through a strategy to reduce such risks and urged other regulators to do the same.

The head of the innovation center of the Bank for International Settlements, Benoît Cœuré, announced the need to develop rules for regulating the DeFi industry, which should be valid in all British jurisdictions.

In late 2021, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler warned that DeFi leaves markets open to manipulation and that leaves investors vulnerable. Therefore, if regulators do not solve problems with transparency, in his opinion, many investors will suffer. Öffnen / Wie

2022-01-18 16:41:06 ​Crypto platform Bitpanda has added hundreds of new investment products

European digital investment platform Bitpanda has announced the addition of several hundred new fractional stocks and ETFs. She now has over 1,000 assets on her list of offerings.

Investors were given the opportunity to buy and sell products based on the securities of Porsche, Ferrari, Nintendo, CD Projekt, Teamviewer, Atlassian, Biogen, Johnson & Johnson and other well-known companies. The exchange chose them after monitoring demand and user behavior while testing the beta version of the Bitpanda Stocks app.

According to the organization's CEO and co-founder Eric Demuth, its goal is to reimagine what it means to invest using the innovative power of digital assets and blockchain technology. Bitpanda aims to be a platform that listens to its customers and understands the real needs of traders.

Experts have announced a trend towards expanding the activities of cryptocurrency platforms. Platforms are adding new tools, even non-digital assets, to diversify income sources. Analysts have predicted a merger of major crypto and stock exchanges in the future.

Bitpanda has been operating on the crypto market since 2014. It was founded by Eric Demuth, Paul Klanschek and Christian Trummer. The headquarters is located in Austria, but there are also offices in other European countries. The platform offers traders round-the-clock trading in investment products at a price of 1 euro ($1.14). Öffnen / Wie

2022-01-18 10:17:17 ​BitPay: Clients use bitcoin less often

In 2021, bitcoin usage among BitPay wallet users decreased by 27%. At the same time, 15% of transactions with the payment service provider took place in ETH. In stablecoins - 13%. Also, BitPay customers began to use Litecoin (LTC), Dash (DASH) and Dogecoin (DOGE) more often.

According to the statistics of the operator, people now prefer to hold bitcoins until better times, rather than spend. One of the reasons is that last year the value of the first cryptocurrency increased by 60%.

For purchases, BitPay customers are more likely to use altcoins and stablecoins. Moreover, the popularity of altcoins has grown thanks to stablecoins, representatives of the operator say. When people are looking for something to replace BTC, they inevitably get acquainted with alternative digital currencies.

Interest in stablecoins is due to the fact that people associate fewer risks with them, specify in BitPay, against the background of the volatility of cryptocurrency rates.

In September 2021, BitPay launched the BitPay Send service for issuing salaries in cryptocurrency. The service is designed for international companies that want to pay employees and contractors with digital money with a commission of 1%. Öffnen / Wie

2022-01-17 17:44:01 ​BTC-Alpha confirms partial leak of client data

The operators of the LockBit ransomware virus have made public the data of users of the British cryptocurrency exchange with Ukrainian roots of BTC-Alpha. The Telegram channel "Information Leaks" drew attention to this.

According to him, a table of 362,479 rows contains hashed passwords, email addresses, registration dates, countries and IP addresses of the trading platform clients.

Separate files contain users' personal data: full name, addresses, phone numbers, document numbers (passports, driver's licenses, etc.), dates of birth.

BTC-Alpha CEO Vitaliy Bodnar confirmed the leak in a comment to ForkLog, linking it to the November hack of the exchange. He emphasized that the database dump only partially contains reliable information about users. The rest of the data, according to Bodnar, was changed by hackers.

“362,479 people is the real number of exchange users at the time of the attack on November 1, 2021. In the distributed base, some points converge, some do not. We assume that the hackers deliberately changed some of the data so that people who want to buy the database do not receive completely reliable information,” said the CEO of the platform.

Vitaliy Bodnar noted that as a result of the leak, none of the users lost their funds, the passwords that got to the hackers are encrypted. He also said that the name of the operators of the LockBit ransomware began to appear in ransom letters about a month after the attack.

“Now LockBit can and will take some responsibility, because with a high degree of probability they were paid for this,” Bodnar added.

An investigation into the incident is currently ongoing, the Prosecutor General's Office of Ukraine has opened a criminal case. Öffnen / Wie

2022-01-17 10:38:30 ​Anthony Scaramucci called Algorand (ALGO) the future of the crypto industry

It seems that the crypto market is trying to win back the losses incurred during the last price corrections, as on Sunday, January 16, the price of bitcoin was consistently held above the $43,000 level.

Along with this, experts predict good results for individual altcoins. In particular, the founder of SkyBridge Capital, Anthony Scaramucci, is confident that Algorand (ALGO) will challenge the leading cryptocurrencies, as Google did in the early days of the Internet.

During a new interview with Digital Asset News, Scaramucci said he is investing heavily in ALGO as he believes it will edge out many of its competitors.

Now I have a quarter of a billion dollars in Algorand. I think that Algorand will become an analogue of Google.

To make it clear to everyone what he was talking about, he gave a detailed explanation:

When we were teenagers, we accessed the Internet using AltaVista. We used Lycos, America Online, even Prodigy if you remember that. Then, lo and behold, in 1998, a company called Google came along and people thought, “What do I need all this for? I have other tools to access the internet."

Then people said, “Well, you know, it's faster. It has machine learning, algorithms are more common. This will give better results,” and lo and behold, Google outperformed everyone. I think the same will happen with Algorand.

Algorand is a Proof-of-Stake blockchain that allows developers to create dApps for financial services. The network is called a competitor to Ethereum due to the higher transaction speed at lower costs.

Algorand is the future for me. It just needs more and more people to conduct a thorough check and choose it, the expert summed up. Öffnen / Wie

2022-01-16 17:55:12 ​CoinFund hires ex-CFTC chief as advisor

Former U.S. Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo has joined the advisory board of cryptocurrency-focused investment firm CoinFund.

In a comment to The Block, the ex-official said he hopes to help CoinFund "get a little glimpse into the future." According to a company spokesman, Giancarlo is the first strategic advisor they have hired.

In 2021, CoinFund led a funding round for smart contract platform developer Moonbeam, NFT marketplace Rarible, and liquid staking service ClayStack, as well as investments in Flare Network and P2E gaming platform Rainmaker Games.

In June, the company announced the launch of a new investment tool for NFT companies called Metaversal.

Giancarlo led the CFTC from 2017 to 2019. Under his leadership, the regulator approved trading in bitcoin futures.

After his resignation, the former official headed the Digital Dollar Project, a non-profit organization promoting the idea of ​​issuing a national digital currency, and invested in BlockTower Capital, a cryptocurrency hedge fund.

In April 2021, Giancarlo joined the board of directors of the BlockFi crypto-lending platform. Four months after his appointment, he left the board, but continued to work with the firm as a consultant. Öffnen / Wie

2022-01-16 13:34:10 ​Почему стоит обратить внимание на токен Play It Forward's $PIF
$PIF Token Launch Auction (TLA) стартует 19-22 января на copper launch


Проект поддержан известными инвесторами (Cointelegraph)

Игровая индустрия уже стоит 300 млрд $ (Accenture)
GameFi рынок вырастет до 200 млрд $ к 2023 (Bitcoin Insider)

Play It Forward ликвидирует разрыв между профи и любителями, делая удобным и простым доступ к play-to-earn и metaverse в крипто сфере.

Проект имеет долгосрочные планы в roadmap и стратегию развития

Фаундеры это известные эксперты из мира финансов, которые являются фанатами игр.

Play-to-earn игры это удобный вход в мир cryptoverse (Bitcoin Insider)

Многие венчурные фонды готовы инвестировать в GameFi и их разработчиков (Bloomberg)


Будь с нами в телеграмме: https://t.me/PIF_DAO
Посети наш сайт, соцсети и почитай whitepaper: https://linktr.ee/playitfwd Öffnen / Wie

2022-01-16 10:48:21 ​Brazil plans to acquire BTC as a store of value

This was reported by the local newspaper livecoins with a link to a speech delivered by Paes during the Rio Innovation Week event, which was also attended by Miami Mayor Francis Suarez.

Bpolne vozmozhno chto Paec xochet poyti Po ctopam Cuapeca, poetomu obyavil chto cegodnya gopod Pio-de-o Zhaneypo opublikuet ukaz cozdanii cpetsialnoy pabochey group are for pesheniya pazlichnyx voppocov, cvyazannyx c pokupkoy bitkoynov.

The initial goal is to allocate 1% of the city's foreign exchange reserves to BTC.

This is one of it, which is the right of the NEXTA PEA with a blanket for 45% of the CTOEIF COPIFI on the CSHA DOALAP, PAITWEFTVE DOUNGOCKOPOVA CPEAFTVA SPEY ONA NE SHOCKE XOPOCH. During the same period, the BTC rose by 900% against the US dollar.

Paec also promised that if the residents of the city of Rio de Janeiro decide to pay their taxes in BTC, they may be given discounts. Minister of Finance Pedro Paulo and Minister of Economic Development, Innovation and Simplification Chicao Bulloensh said the discount would be 7%.

To develop the rules that will allow this to be done, Paec will form a special working group.

Coglacno livecoins, peshenie gopoda mozhet poctavit Pio-de-Zhaneypo vpepedi kpupneyshix megapolicov of the world and pozitsionipovat Bpaziliyu ctpanu kak nA kotopuyu cleduet obpatit vnimanie, kogda pech idet Ob innovatsiyax Po vnedpeniyu bitkoyna.

Rio de Janeiro is one of the largest cities in South America and the world with a population of almost 7 million people.

“Today's world revolves around the idea of ​​networks of cities, the so-called global cities. Miami and Rio are global cities that attract people and organizations. This international dialogue is very important,” Paec said. Öffnen / Wie

2022-01-15 11:19:30 ​Crypto company Lukka reaches $1.3 billion valuation

Lukka, a crypto firm that provides data services and enterprise software tools, has raised $110 million in a Series E funding round and is now valued at $1.3 billion.

Global Asset Manager Marshall Weiss led the Series E Round, Lukka, which also included Miami International Holdings, Summer Capital and SiriusPoint.

Previous investors Soros Fund Management, Liberty City Ventures, S&P Global and CPA. com also joined the round, contributing $53 million in Series D funding, Lukka, in March 2021.

With fresh capital, New York-based Lukka plans to expand globally. Lukka's CEO, Robert Materazzi, said that as the crypto industry enters a new phase of maturity, the need for the firm's data and software tools will grow.

Founded in 2014, Lukka mainly serves institutional clients with middle and back office software and data processing tools. His clients include cryptocurrency exchanges, miners, financial institutions and accounting firms.

“Lukka's comprehensive portfolio of reporting, analytics and data solutions enables customers to meet a rapidly changing set of critical needs,” said Steven Binetter, Portfolio Manager at Marshall Wace. “As crypto assets and blockchain are changing global commerce, Lukka is building the infrastructure for that future.”

As part of the Series E round, Lukka's total funding has exceeded $200 million to date. The firm has previously raised over $90 million in various funding rounds. Öffnen / Wie