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മാറുന്ന കാലത്തിന് ഒപ്പം മാറുന്ന പണമിടപാട് , ബാട്ടർ സിസ്റ്റത്തിൽ നിന്നും കോയിൻലേക് ,കോയിനിൽ നിന്നും ബിറ്കോയിൻലേക് .. ഫോർ ഓൾ ബിറ്കോയിൻ ന്യൂസ് ,, ജോയിൻ നൗ.....
CoinDesk
Coinbase CEO Suggests Exchange Won't Censor Transactions on Ethereum
In a tweet, Brian Armstrong expressed his preference not to censor transactions to and from sanctioned addresses after Ethereum's transition to proof-of-stake.
CoinDesk
CFTC Commissioner: Crypto Market Needs Clear Guidelines on Its Regulator
Commissioner Kristin N. Johnson joined CoinDesk TV’s “First Mover,” to discuss the future of cryptocurrency regulation in the U.S.
CoinDesk
Helium Developer Nova Labs Buys FreedomFi to Accelerate Push Into Mobile Service
As part of the acquisition, FreedomFi team members will join Nova Labs to lead the future expansion of the network in the mobile space.
Bitcoin News
Top 10 PoW Dominance Evaporates 9 Years Later, Only Two Proof-of-Work Coins Will Remain After The Merge
https://static.news.bitcoin.com/wp-content/uploads/2022/08/2coins-768x432.jpg The crypto community is patiently waiting for the highly anticipated Ethereum network upgrade from proof-of-work (PoW) to proof-of-stake (PoS) as The Merge is expected to happen 27 days from now. After Ethereum transitions from PoW to PoS, only two crypto assets in the top ten market cap rankings will be PoW tokens, which is a stark contrast to the top ten nine years ago. The PoS Age Begins: Proof-of-Work Crypto Assets Disappear From Top Ten Market Cap StandingsThis year, for the first time in crypto history, three stablecoins entered the top ten largest market cap positions. During the first week of May, Terra’s stablecoin UST made it into the top ten alongside USDT and USDC, but after UST’s depegging incident, the token fell from the top ten coin rankings. After UST’s implosion, the Binance Smart Chain-issued BUSD stablecoin joined the top coins by valuation and today, three stablecoins remain in the top ten.
That wasn’t the case nine years ago, on August 18, 2013, as there were no stablecoins in the top ten, because the stablecoin trend was not prevalent at all back then. In 27 days, Ethereum will change from PoW to PoS after operating as a PoW chain for seven years, and when that happens, only two coins in the top ten will be PoW tokens. The last standing top two PoW crypto tokens in the top ten will be bitcoin (BTC) and dogecoin (DOGE). This trend was also not prevalent nine years ago in 2013, when the top ten crypto tokens were mostly PoW coins.
On August 18, 2013, bitcoin (BTC) was changing hands for $113 per unit and ethereum was nonexistent. In fact, the Ethereum blockchain did not launch for another 711 days after August 18, 2013, and litecoin (LTC) was the second-largest crypto token by market cap. Proof-of-stake crypto assets were conceptualized at the time, and in 2013 there were a number of hybrid proof-of-work and proof-of-stake tokens with peercoin (PPC) leading the charge. PPC was the first hybrid PoW/PoS blockchain introduced to the crypto community, and it was created by the pseudonymous developer Sunny King.
Nine years ago, the PoW and hybrid PoW coins in the top ten included bitcoin (BTC), litecoin (LTC), namecoin (NMC), peercoin (PPC), feathercoin (FTC), novacoin (NVC), primecoin (XPM), terracoin (TRC), and infinitecoin (IFC). At that time in 2013, the only non-PoW coin in the top ten standings was XRP, and XRP is still in the top ten crypto market cap rankings in 2022. Close to seven years ago on August 23, 2015, there were fewer PoW coins in the top ten, even with ethereum (ETH) joining the ranks as a PoW coin.
At that time, only six PoW coins existed in the top ten, including BTC, LTC, ETH, DASH, DOGE, and BCN. At the time in 2015, hybrid PoW/PoS coins were pushed down in value and pure PoS networks started to become more prevalent. On August 23, 2015, banx shares (BANX) and bitshares (BTS) were among the most valuable PoS assets. BTS still exists and is worth $0.010 per unit today while BANX is non-existent following significant controversy. Doge Holds Top Ten Position by a ThreadTwo years later, six PoW coins still remained in the top ten on August 20, 2017. PoW coins included at that time were BTC, ETH, BCH, LTC, DASH, and ETC. BCH, LTC, DASH, and ETC no longer appear in the top ten standings. Further, a few other coins that once held positions in the top ten like IOTA, NEM, and NEO have also dropped out of the top ten standings since then. That was close to five years ago and today, DOGE and BTC are the last PoW coins standing in the top ten.
Moreover, it’s worth noting that dogecoin (DOGE) is in the tenth position and is fairly close to polkadot’s (DOT) market cap in size. Wh[...]
CoinDesk
‘Consumer Business Is Dead’ for Crypto Lender Celsius, Bankruptcy Expert Says
Thomas Braziel, partner at investment firm 507 Capital, joined CoinDesk TV’s “First Mover” to discuss Celsius Network and why its relationship with customers could be over.
CoinDesk
CME Group Adds to Crypto Offerings With Ether Options
CME's latest launch will allow traders to make bets and manage risk ahead of the Merge.
CoinDesk
First Mover Americas: Fifth Day of Declining Bitcoin Price Has Some Traders Looking Out Below
The latest price moves in bitcoin (BTC) and crypto markets in context for August 18, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
CoinDesk
Run-To-Earn Game Stepn Teams With Atlético de Madrid and Crypto Exchange WhaleFin for NFT Sneaker Collection
The companies are releasing over 1,000 digital soccer cleats compatible for run-to-earn and eligible for real world rewards.
Bitcoin News
Bitcoin Miners Take in Bear Rally Profits by Selling More Than 6,000 BTC Since August 1
https://static.news.bitcoin.com/wp-content/uploads/2022/08/2cddoins-768x432.jpg Bitcoin’s value against the U.S. dollar lost 7.3% during the last 24 hours after more than $600 million in value was removed from the $1.07 trillion crypto economy. Statistics show that a number of bitcoin miners capitulated over the last two weeks, selling 5,925 bitcoin worth millions, according to cryptoquant.com data. More Than 6,100 Bitcoin Sold Since the First of the Month, Following a Brief Miner Capitulation PauseBitcoin’s U.S. dollar value slid from $23,593 per unit to $21,268 per coin at 8:30 a.m. (EST) on Friday morning. More than $600 million has been erased from the crypto economy during the last day as BTC lost 7.3% and ETH shed 7.4%. A number of other coins lost value against the U.S. dollar as well as BNB dipped by 5%, XRP slipped by 9%, and ADA lost 10.3% during the past 24 hours.
According to data stemming from cryptoquant.com shared by Ali Martinez bitcoin miners capitulated during the last 14 days. “Bitcoin miners appear to have taken advantage of the recent upswing to book profits,” Martinez said. “Data shows that miners sold 5,925 BTC in the last two weeks, worth roughly $142 million.”
Following Martinez’s tweet, cryptoquant.com data shows more than 6,100 BTC have been sold since the first of August. The web portal’s Miners’ Position Index says bitcoin miners are “moderately selling” bitcoin. Using today’s crypto market values, 6,100 BTC equates to $130.80 million, a much lower value than Martinez’s quote price.
Miners took a break from selling BTC after a flurry of mined bitcoin was sold during the two months prior to August 1, 2022. A Blockware Intelligence Newsletter published on July 29 explained that the end of miner capitulation was near. “According to the hash ribbon metric, Bitcoin is 52 days into a miner capitulation,” the Blockware newsletter said. Blockware’s report added:
The end of a miner capitulation historically marks a bear market bottom.
During the first two weeks of August, it seemed as though miner capitulation was over and BTC managed to tap $25,212 per unit on August 14. BTC has lost 14.58% since the August 14 high and it’s currently down 69% from the $69,044 per unit price recorded on November 10, 2021. This past week Bitcoin’s mining difficulty rose by 0.63% making it more difficult for miners to discover BTC blocks and with prices lower, mining bitcoin is less profitable today than it was five days ago. Bitcoin Hashrate Skyrockets by 46% During the Past 24 Hours Following the Recent Difficulty IncreaseDespite the difficulty rise, after coasting along under the 200 exahash per second (EH/s) zone at 182.40 EH/s the day prior on August 18, 2022, BTC’s hashrate has skyrocketed to 267.40 EH/s. That’s a 24-hour increase of around 46.60% higher than the 182 EH/s recorded on Thursday afternoon (EST).
Using the current difficulty parameter, BTC’s current market value and a cost of around $0.12 per kilowatt hour (kWh), a Bitmain Antminer S19 XP with 140 terahash per second (TH/s) can get an estimated $4.85 per day in profit. The Microbt Whatsminer M50S launched in July with 126 TH/s can get an estimated $2.74 per day in profit, according to current market statistics.
What do you think about miners selling 5,925 bitcoin during the last two weeks? Do you think miner capitulation is over or will continue? Let us know what you think about this subject in the comments section below.
CoinDesk
US Tribal Nation Economic Zone Publishes Draft Rules for DAOs
The Catawba Digital Economic Zone proposes laws that would allow DAOs to be organized as limited liability companies or unincorporated non-profits.
CoinDesk
Ethereum’s Merge Will Increase Its Use Cases and Drive Its Investment Narrative
More efficiencies and scalability solutions could make Ethereum a more attractive platform to build on and invest in.
Bitcoin News
Bitcoin, Ethereum Technical Analysis: BTC Plunges Below $22,000, While ETH Nears 10-Day Low
https://static.news.bitcoin.com/wp-content/uploads/2022/08/shutterstock_1926221603-768x432.jpg Bitcoin was significantly lower on Friday, as the token fell by over $1,500 in a 24-hour period. The world’s largest cryptocurrency has been declining all week, however today’s drop engulfed previous losses. Ethereum was also in the red, as the token fell below $1,700 for the first time in almost ten days.
Bitcoin
Bitcoin (BTC) fell lower for a seventh consecutive session on Friday, as the token broke out of a key price floor earlier in the day..
On Friday, BTC/USD fell to an intraday low of $21,718.54, which saw the token drop below its recent support point at $22,600.
This move saw the world’s largest cryptocurrency hit its lowest point since July 27, and near a new floor of $21,150 in the process.
As can be seen from the chart, the drop coincided with the 14-day relative strength index (RSI) moving below its own floor at 46.
Currently, the index is tracking at 37.87, which is not only in oversold territory, but the weakest point the RSI has touched in over a month.
Despite already being oversold, it appears that bears are attempting to recapture a floor of 34.95, which will see BTC possibly drop below $21,000.
Ethereum
In addition to BTC, ethereum (ETH) also fell considerably lower in today’s session, as prices dropped below $1,700.
ETH/USD dropped to a bottom of $1,695.15 earlier in today’s session, as a red wave swept through cryptocurrency markets.
This is the lowest level ETH has traded at since August 10, when prices went on to hit a floor of $1,705.
Today’s move has seen the token move marginally below this support level, whilst the RSI also dropped below a key floor.
As of writing, relative strength on ethereum is tracking at 47, which like bitcoin, is the weakest point since mid-July.
Should this downtrend continue, it is likely that ETH bears will look to take prices to a lower price floor of $1,600.
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What factors are behind this latest sell-off in ethereum? Leave your thoughts in the comments below.
Bitcoin News
Kaiko Report Shows Latam Harnessing Crypto Mostly for ‘Real World’ Use Cases
CoinDesk
Digital Currency Group and Node Capital Lead $5M Fundraise for Blockchain Security Firm dWallet Labs
The capital will help build projects on Odsy Network, a new layer 1 blockchain focused on decentralized wallet access.
Bitcoin News
Philippine Regulator Warns the Public of Engaging With Foreign Crypto Service Providers
https://static.news.bitcoin.com/wp-content/uploads/2022/08/bsp-768x432.jpg The central bank of the Philippines, the primary regulator of the country’s crypto sector, has warned investors about engaging with unregistered and foreign crypto service providers. They “may present additional challenges on enforcing legal recourse and consumer protection and redress mechanisms for local customers, among others,” the regulator said.
The Philippine Central Bank’s Crypto Warnings
The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP), issued a public warning Tuesday regarding unregistered and foreign crypto service providers. In the Philippines, the central bank is the primary regulator of the crypto sector.
The announcement states:
The Bangko Sentral ng Pilipinas (Bangko Sentral) strongly urges the public not to deal with virtual asset service providers (VASPs) that are either unregistered or domiciled abroad.
The central bank’s website shows that 19 VASPs have been registered as of June.
Besides the risk from price volatility associated with virtual assets (VAs), the central bank explained that VASPs that are based abroad “may present additional challenges on enforcing legal recourse and consumer protection and redress mechanisms for local customers, among others.”
The Bangko Sentral emphasized:
VA dealings are generally considered as high-risk activities which may result in huge financial losses due to price swings.
Furthermore, the central bank warned that the government does not guarantee protection against financial losses stemming from crypto price fluctuations. “The public should exercise caution, conduct their own due diligence, and always be mindful of the risks prior to engaging with VA-related activities,” the regulator emphasized.
Bangko Sentral ng Pilipinas has urged the public to immediately report unlawful activities facilitated through cryptocurrencies and/or crypto service providers to the central bank.
Last week, the central bank announced that it will stop accepting new VASP license applications for three years, starting Sept. 1. The regulator explained that it “aims to strike a balance between promoting innovation in the financial sector and ensuring that associated risks remain within manageable levels.”
What do you think about the Philippine central bank’s warnings? Let us know in the comments section below.
CoinDesk
Crypto Custodian Copper to Connect to Solana for DeFi Access
The link will create new ways for the company's institutional investors to access decentralized finance and digital assets.
CoinDesk
Mercado Libre introduce su criptomoneda en Brasil con planes de expandirla al resto de América Latina
Mercado Coin permitirá a los 80 millones de usuarios de la compañía a recibir recompensas por sus compras.
en The Merge takes place and Ethereum becomes a PoS chain, there’s a chance DOGE may not be in the top ten if prices change. If DOGE is knocked out and The Merge is complete, BTC will be the only proof-of-work digital asset out of the top ten largest crypto market capitalizations.
What do you think about the top ten coins losing proof-of-work dominance over the last nine years? Let us know what you think about this subject in the comments section below.
Bitcoin News
Korean Regulator Takes Action Against 16 Foreign Crypto Exchanges
https://static.news.bitcoin.com/wp-content/uploads/2022/08/korea-768x432.jpg The South Korean financial intelligence unit is taking action against 16 foreign cryptocurrency exchanges for operating illegally in the country. “For illegal business activities of unregistered entities, maximum of 5 years of imprisonment or up to KRW 50 million of fines can be imposed,” the regulator said.
16 Foreign Crypto Exchanges Flagged by South Korean Regulator
South Korea’s top financial regulator, the Financial Services Commission (FSC), announced Thursday that the country’s financial intelligence unit (KoFIU) has notified investigative authorities about the illegal business activities of 16 unregistered virtual asset service providers (VASPs).
The KoFIU is South Korea’s financial intelligence unit (FIU) and the lead agency in the Asian country for anti-money laundering and countering financing of terrorism (AML/CFT) matters.
The 16 entities are Kucoin, MEXC, Phemex, XT.com, Bitrue, ZB.com, Bitglobal, Coinw, Coinex, AAX, Zoomex, Poloniex, BTCEX, BTCC, Digifinex, and Pionex.
All 16 crypto exchanges are based outside of Korea without a formal domestic presence, the regulator said, adding that they were found to be engaging in crypto business activities targeting domestic consumers. For example, they offer Korean-language websites, host promotional events targeting Korean consumers, and provide a payment option that supports the purchase of crypto assets using credit cards in the country.
The KoFIU notified foreign-based crypto exchanges on July 22 last year that they must register their business with the authority. However, the 16 aforementioned entities continued to operate in South Korea without obtaining registration.
The authority detailed:
For illegal business activities of unregistered entities, maximum of 5 years of imprisonment or up to KRW 50 million [$38,000] of fines can be imposed with a restriction for registering as a VASP in domestic market for a certain period of time.
The regulator explained that financial authorities in the jurisdictions hosting the service providers will be informed and related credit card processing will be halted in the domestic market. In addition, “Transfers of virtual assets to and from the 16 unregistered entities will be made impossible as the authorities have issued an administrative guidance requiring suspension of transactions between the registered and unregistered entities,” the KoFIU described.
Emphasizing that “the authorities plan to take necessary measures” to stop crypto service providers from operating without registration in South Korea, the regulator stressed:
The KoFIU will continue to closely monitor illegal business activities carried out by unregistered entities and maintain close cooperation with relevant authorities.
What do you think about the South Korean regulator taking action against crypto exchanges operating illegally in the country? Let us know in the comments section below.
CoinDesk
E-Commerce Giant Mercado Libre Introduces Cryptocurrency in Brazil, Plans Wider Latin America Use
Mercado Coin will allow the company’s 80 million users to make purchases and receive cashback.
CoinDesk
Bitcoin pierde tendencia alcista a medida que la Fed prevé tasas restrictivas por mucho tiempo
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CoinDesk
Buzz Over Potential Ethereum Hard Fork Token Fizzles as Price Tanks
Crypto traders’ appetite to speculate on the potential Ethereum hard fork remains muted on exchanges that listed ETHPOW.
Bitcoin News
Crypto Fear and Greed Index Shows Market Sentiment Remains Fearful
https://static.news.bitcoin.com/wp-content/uploads/2022/08/btcfear-768x432.jpg After the Crypto Fear and Greed Index (CFGI) dropped to significant lows and pointed to “extreme fear” in crypto markets at the end of May, and throughout most of June, today the CFGI rating is still in the “fear” zone, but it has seen an improvement. On June 19, the CFGI rating tapped a low score of 6 which means “extreme fear,” and 61 days or two months later, the CFGI rating now shows a score of 33 or “fear.”
CFGI Ranking Score Shows Crypto Winter Continues to Keep Investor Sentiment in the ‘Fear’ Zone
While the crypto economy has jumped back above the $1 trillion range, prices have started to drop again after the last rally. Following the Terra blockchain implosion, the crypto economy lost significant value and extreme fear shook the community into June as well. The Crypto Fear and Greed Index (CFGI) hosted on alternative.me dropped severely at the time, and on May 31, 2022, Bitcoin.com News reported the CFGI ranking score was 16 out of 100 or “extreme fear.”
https://static.news.bitcoin.com/wp-content/uploads/2022/08/values.jpg
Every day the CFGI ranking score analyzes “emotions and sentiments from different sources and crunch them into one simple number.” Alternative.me indicates that the value of 0 means “Extreme Fear” while a value of 100 represents “Extreme Greed.” The website adds:
The crypto market [behavior] is very emotional. People tend to get greedy when the market is rising which results in FOMO (Fear of missing out). Also, people often sell their coins in irrational reaction [to] seeing red numbers — There are two simple assumptions: 1) Extreme fear can be a sign that investors are too worried. That could be a buying opportunity. 2) When Investors are getting too greedy, that means the market is due for a correction.
In mid-June, the CFGI ranking score sunk even lower and slipped to a low score of 6 out of 100 on June 19, 2022. Historical crypto price data shows that BTC was trading for $20,553 per unit that day and the day prior on June 18, BTC tapped a 2022 low at $17,593 per unit. Today, the CFGI ranking score has improved and the sentiment value has moved out of the “extreme fear” position into the “fear” zone with a score of 33 out of 100.
BTC managed to recoup some losses after the market routs in May and June, and on August 14, 2022, the price tapped $25,212 per unit. On that same day, the CFGI ranking score jumped to a 47 showing sentiment was turning. However, during the last 48 hours, BTC has dropped significantly in value, sliding from $23,593 per unit to today’s low of $21,268. The CFGI ranking has not been able to rise above the “fear” zone and seems to be heading back to the range of “extreme fear” scores.
What do you think about the recent CFGI ranking score and the crypto economy diving in USD value again? Let us know what you think about this subject in the comments section below.
Bitcoin News
Biggest Movers: DOGE Extends Recent Declines, Falling by Nearly 15% on Friday
https://static.news.bitcoin.com/wp-content/uploads/2022/08/shutterstock_1978589747-768x432.jpg Dogecoin fell for a third consecutive session on Friday, with the token dropping by almost 15% in today’s session. As of writing, the global cryptocurrency market cap is roughly 8% lower, with the majority of the top 100 in the red. Filecoin was another notable mover, falling by nearly 20%.
Dogecoin (DOGE)
Dogecoin (DOGE) was trading lower on Friday, with the meme coin falling for a third straight session, as crypto markets moved deep into bearish territory.
The drops in price saw DOGE hit a low of $0.06828, with bears attempting to take the token closer to a new floor of $0.0660.
Friday’s decline saw DOGE/USD hit its lowest point since August 10, when prices were trading marginally above the support point mentioned above.
Looking at the chart, this latest decline comes as the 10-day (red) moving average (MA) has shifted direction, and now looks to be trending downward.
This indicates that a potential cross with the 25-day (blue) MA could be on its way, which usually means the beginning of a downturn.
In addition to this, the 14-day relative strength index (RSI) is now hovering at the 46.55 level, which is its weakest point since August 3, and this comes two days after it was tracking at 71.58.
Overall, it appears that, being overbought, traders have liquidated some previous positions, with bears taking the opportunity to reenter, as such shifting market sentiment.
Filecoin (FIL)
Whilst DOGE was down by nearly 15%, filecoin (FIL) was down by almost 20%, resulting in it being one of today’s biggest losers.
FIL/USD slipped to a low of $6.59 earlier in today’s session, which comes roughly two weeks after trading close to $10.00.
Today’s decline has pushed filecoin to its weakest point since late July, when the token was trading below $6.00.
Due to Friday’s sell-off, FIL was within touching distance of a floor at $6.40, however bulls pushed price higher, rejecting the breakout attempt.
As of writing, filecoin is trading at $6.69, which is approximately 18.21% lower than yesterday’s high.
This decline has pushed the RSI to a reading of 40.56, which is the lowest level it has touched in nearly a month.
There remains some optimism that bulls will buy this current dip, however, overall market pressure from bears could lead to the token falling to, and possibly below, $6 this weekend.
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Will Friday’s sell-off extend into the weekend? Let us know your thoughts in the comments.
CoinDesk
Crypto Exchange Gemini Offering Staking Support for Investors
The company hopes to capitalize on rising user interest ahead of Ethereum’s upcoming shift to a proof-of-stake model.
Bitcoin News
Value Locked in Defi Loses $5.7 Billion in 5 Days, Smart Contract Tokens Shed 7.8% in 24 Hours
Bitcoin News
Qatari National Blockchain Blueprint Spotlights Benefits of the Technology to Country’s Economy
https://static.news.bitcoin.com/wp-content/uploads/2022/08/shutterstock_1977193538-768x432.jpg Qatar’s recently released “National Blockchain Blueprint” has suggested that the technology, combined with a “solid regulatory framework,” can help the country build an innovative information technology (IT) sector. However, for this to happen, Qatar must implement recommendations laid out in the blueprint.
Qatar Said to Be Well Placed to Become Blockchain Hub
A blueprint jointly drafted by Qatar’s Communications Regulatory Authority (CRA) and two learning institutions, Hamad Bin Khalifa University and Qatar University, seeks to spotlight how blockchain “can contribute to building an innovative and growing IT sector” in the country. Citing Qatar’s small population and size, the document argues the country is well placed to become one of the leading countries in fostering blockchain innovations.
However, before attaining its status as one of the biggest blockchain hubs globally, Qatar still needs to create an enabling environment for the technology to flourish. One of the ways of doing this, according to the 23-page document’s summary, is by developing a “solid regulatory framework.” In addition to helping bring in investors, such a regulatory framework is said to be needed by both consumers and innovators.
“Regulation is not only important to protect users and ensure security, but also to provide the adequate legal framework that allows blockchain innovation and adoption. This can be achieved by identifying the different domains of blockchain-based services, their associated regulatory requirements and appropriate regulatory approach to serve each domain,” the National Blockchain Blueprint for Qatar stated.
The blueprint also spells out the conditions plus incentives that need to be “provided by each sector for the technology adoption that will allow startups, pilot projects and new companies to emerge.”
Bolstering Qatar’s Competitiveness With Blockchain
In its conclusion, the document says if all recommendations therein are implemented, this can contribute to “human capital development through jobs creation and skills development.” Implementation of the blueprint’s recommendations can potentially stimulate growth and increase Qatar’s competitiveness.
Meanwhile, the country’s Communications Regulatory Authority has said stakeholders and members of the public interested in reviewing the blockchain blueprint must submit their feedback via email before September 15.
What are your thoughts on this story? Let us know what you think in the comments section below.
Bitcoin News
Whitepay Introduces Crypto Payments to Ukraine’s Tech Stores
https://static.news.bitcoin.com/wp-content/uploads/2022/08/shutterstock_758350408-768x432.jpg Ukrainians will be able to purchase electronics and other products with digital coins thanks to a service provided by Whitepay. The payment processor, established by the Ukrainian-born digital asset exchange Whitebit, has recently implemented crypto payments in the country’s largest tech stores.
Crypto Platform Whitepay Launches Coin Payments in Major Tech Stores in Ukraine
Whitepay, one of the platforms operating as part of crypto exchange Whitebit’s ecosystem, has introduced cryptocurrency payments for the products offered by major Ukrainian tech stores, the crypto news outlet Forklog unveiled.
Among the electronics retailers, whose customers will now take advantage of the new service, are Tehnoezh (Техно Їжак in Ukrainian) and Stylus, which manage leading online platforms in the sector, the report details.
The integration allows buyers to use more than 130 different digital currencies for their purchases. The plan is to expand the list of supported digital coins in the future.
Ukrainian crypto holders will be able to pay with digital assets through the appropriate forms at the online stores, or at physical locations through special point of sale (POS) terminals installed by Whitepay. The payment processor will maintain the system and provide customer support.
Cryptocurrencies have gained significant popularity among Ukrainians in the past few years, with their country becoming a leader in Eastern Europe in terms of adoption. Kyiv has taken steps to regulate the industry, and since Russia invaded the country in late February, the government and volunteer groups have been relying on crypto donations to finance their defense and humanitarian efforts.
The Estonia-headquartered Whitebit, a major European crypto exchange originating from Ukraine, has been a participant in such efforts. Earlier this year, the trading platform signed a memorandum of cooperation with the country’s Ministry of Foreign Affairs to provide assistance to its Anti-Crisis Center and support Ukrainian refugees through its representative offices abroad.
Other crypto companies have also offered help. The world’s largest digital asset exchange by daily trading volume, Binance, issued a special crypto card for Ukrainians forced to leave their homes behind due to the ongoing military conflict with Russia.
You can support Ukrainian families, children, refugees, and displaced people by donating BTC, ETH, and BNB to Binance Charity’s Ukraine Emergency Relief Fund.
Do you think electronics retailers in other countries in the region will introduce crypto payments in the near future? Tell us in the comments section below.
CoinDesk
Tether Swaps Accounting Firms, Says It Will Publish Monthly Attestation on Stablecoin Backing
Stablecoin issuer Tether Holdings has tapped BDO Italia, the Italian branch of accounting firm Binder Dijker Otte, to provide attestation reports.
Bitcoin News
CME Group to Offer Market Participants Ethereum Options 3 Days Before the Merge
https://static.news.bitcoin.com/wp-content/uploads/2022/08/ethoptions-768x432.jpg Three days before Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS), the world’s largest derivatives marketplace in terms of volume, CME Group, announced plans to list ethereum options. While CME’s ether options product prepares for regulatory review, the company detailed that the options contract will be measured at 50 ether per contract, using the CME CF Ether-Dollar Reference Rate. CME Group Reveals Ethereum Options LaunchThe Chicago Mercantile Exchange otherwise known as CME Group revealed the company’s intentions to list ethereum options contracts three days before The Merge on September 12, 2022. CME detailed that the new ether options join the firm’s bitcoin (BTC) options and micro-sized bitcoin and ether options contracts.
“These new contracts deliver one ether futures, sized at 50 ether per contract, and based on the CME CF Ether-Dollar Reference Rate, which serves as a once-a-day reference rate of the U.S. dollar price of ether,” the derivatives marketplace said on Thursday. CME’s global head of equity and FX products, Tim McCourt, noted on Thursday that the new ether options contracts add to the company’s existing lineup of crypto derivatives products.
“The launch of these new options contracts builds on the significant growth and deep liquidity we have seen in our existing Ether futures, which have traded more than 1.8 million contracts to date,” McCourt said in a statement. The CME executive added:
As we approach the highly anticipated Ethereum Merge next month, we continue to see market participants turn to CME Group to manage ether price risk. Our new ether options will offer a wide array of clients greater flexibility and added precision to manage their ether exposure ahead of market-moving events.
CME Group will join a number of exchanges that already offer ethereum options contracts including Deribit, Okex, Bit.com, and Huobi. In July there was $11.38 billion in ether options volume with Deribit commanding $10.86 billion out of all four exchanges that list ETH options. The market share of ether options open interest is also dominated by Deribit, in comparison to open interest figures associated with Huobi, Okex, and Bit.com.
In terms of bitcoin options, Deribit also outshines CME as CME Group is the second largest in terms of bitcoin options open interest with $441 million recorded on August 17. In the same fashion, CME is the third largest in terms of bitcoin options volume while Deribit takes the lead. Okex manages to capture a touch more volume as far as bitcoin options are concerned.
With the new CME ether options, TP ICAP Digital Assets and Akuna Capital are supporting CME’s ether options roll out. TP ICAP Digital Assets is excited to support CME Group in the rollout of its full-sized Ether options contract,” TP ICAP’s head of brokering Sam Newman remarked during the announcement. “This larger-sized Ether option, in tandem with the already popular Micro Ether option, has been eagerly awaited by TP ICAP’s customers.”
What do you think about CME Group offering ethereum options on September 12, 2022? Let us know what you think about this subject in the comments section below.
