120332
We post daily the best Bitcoin, Cryptocurrency & Blockchain News. Admin: @LevoBNTG
💰 Stone Ridge launches an accelerator for Bitcoin’s Lightning network
The accelerator program, called Wolf, is taking applications for its first cohort. Each participating team will receive $250,000 in funding, as well as advisory services from employees at Stone Ridge and its subsidiary company NYDIG, which is focused on institutional bitcoin services.
Additionally, other venture capitalists and Bitcoin-focused companies will be looking to make potential investments and provide advisory services for cohort members. Only companies building on Lightning and Taro, which enable new digital assets like tokens or collectibles to be created on Bitcoin, will be allowed into the program. Taro and the Lightning Network function similarly to Ethereum by having multiple layers to solve scalability bottlenecks.
Source
/channel/Bitcoin_NewsTg
📣 BitOasis inks deal with Mastercard to launch crypto-linked payment cards
Cryptocurrency exchange BitOasis is partnering with Mastercard to offer customers crypto-linked payment cards.BitOasis will offer physical and virtual cards linked to their exchange accounts, according to a statement from the firm. The first cards are set to launch in early 2023.
The crypto-linked payment cards will be available to BitOasis customers across the Middle East and North Africa (MENA). Final settlement will be fiat-based, per the announcement. Today's announcement represents Mastercard's latest crypto play, having partnered with crypto lender Nexo in April to offer a similar crypto-backed payment card. The Nexo card is linked to a crypto-backed credit line, allowing investors to spend as much as 90% of the fiat value of their crypto assets.
Source
/channel/Bitcoin_NewsTg
🇪🇸 Spain overtakes El Salvador to become third largest crypto ATM hub
The European country of Spain is officially home to the third-largest network of Bitcoin and cryptocurrency ATMs after the United States and Canada. Spain currently hosts 215 crypto ATMs, pushing El Salvador — wi 212 crypto ATMs — down to the fourth position after surpassing the country by 3 crypto ATMs.
Moreover, the revelation places Spain as the highest contributor to crypto ATMs in Europe, which represents 14.65% of total installations in the continent, followed by Switzerland (144 ATMs), Poland (142 ATMs) and Romania (135 ATMs). In 2022 alone, Spain installed 43 crypto ATMs and has previously shared its intent to install a total of over 100 ATMs by the end of the year — taking up the total to nearly 300 crypto ATMs once completed. According to Tsangalidis, a combination of crypto winter and tourist seasons has resulted in a slowdown.
Source
/channel/Bitcoin_NewsTg
🇬🇧 UK government includes new crypto amendment in finance regulation bill
The UK’s Financial Services and Markets bill is home to new amendments seeking to regulate crypto and ban unauthorized service providers, following an amendment paper published on Friday.UK's crypto regulatory powers are largely in the hands of the FCA, which decides on the registrations of crypto firms.
Andrew Griffith, financial services minister, tabled amendments and added a note "to clarify that the powers relating to financial promotion and regulated activities can be relied on to regulate cryptoassets and activities relating to cryptoassets. Cryptoasset is also defined, with a power to amend the definition." If passed, the amendments will give the UK a more comprehensive regulatory framework for crypto. Specifically, it will provide the Financial Conduct Authority and HM Treasury with more oversight powers.
Source
/channel/Bitcoin_NewsTg
🇸🇻 Almost 80% of El Salvador’s citizens believe the country’s Bitcoin strategy has failed
El Salvador became the first country in the world to adopt Bitcoin (BTC) as a legal tender, the policy appears to be unpopular among most residents. In particular, research by the University of Central America (UCA) indicates that about 77% of El Salvador’s residents believe the Bitcoin adoption has been a failure.
El Salvador ventured into Bitcoin at the height of the asset’s bull run, culminating in an all-time high of almost $69,000 in October last year. However, following the significant correction by Bitcoin in 2022, El Salvador has encountered losses amid increasing calls to have the government reverse the policy, with President Bukele remaining defiant. However, data from the Salvadoran Central Bank in September this year revealed that less than 2% of all remittances involved cryptocurrencies.
Source
/channel/Bitcoin_NewsTg
💰 Mastercard to address pent-up demand by offering banks an easy way into crypto
According to CNBC, payment processing giant Mastercard is rolling out a program helping financial institutions offer crypto trading. The program will offer a turnkey solution for banks to meet the crypto trading demands of customers. Mastercard said the service would leverage the Paxos.
Mastercard’s Chief Digital Officer Jorn Lambert said negative press to do with volatility, hacks, and high-profile CeFi bankruptcies have people wary of crypto investing. Despite that, citing a recent poll in which 60% of respondents said they would prefer to “test the waters” via their existing bank, Lambert said the program would address this pent-up demand. Details on which areas are being considered, and the banks already enrolled were not given at this time.
Source
/channel/Bitcoin_NewsTg
🇮🇳 India aims to develop crypto SOPs during G20 presidency, says finance minister
The finance minister of India, Nirmala Sitharaman, revealed India’s plan to develop standard operating procedures (SOPs) for cryptocurrencies during its G20 presidency, from Dec. 1, 2022, to Nov. 30, 2023. Sitharaman has previously called for global collaboration to decide on crypto's future and has been cautious against mainstream crypto adoption.
Sitharaman further highlighted the use of crypto assets in money laundering as detected by India’s law enforcement agency, Enforcement Directorate. She further added that members of the G20 have also acknowledged the same concerns while reiterating the need for the participation of all countries when it comes to effectively regulating crypto assets. On Oct. 7, the Reserve Bank of India released a list of proposed features and reasoning behind its in-development central bank digital currency (CBDC).
Source
/channel/Bitcoin_NewsTg
💰 Binance Pool Unveils $500M Lending Project to Support Bitcoin Mining Industry
Binance believes the move will help maintain a healthy digital asset ecosystem. With the bear market taking a heavy toll on the crypto mining industry, Binance has announced a new lending project. The development follows the founder of Bitmain, Jihan Wu’s announcement of establishing a $250 million fund to purchase distressed assets from mining firms.
Amid a weakening Bitcoin price and higher energy costs, miners came under tremendous pressure as difficulty increased by over 13% in the two weeks, setting a new high record. They have been selling their Bitcoin throughout the year to compensate for dwindling profits. There were certain instances when the miners resorted to selling more in a month than they mined. One such is Compute North which recently filed for Chapter 11 bankruptcy in the US Bankruptcy Court for the Southern District of Texas.
Source
/channel/Bitcoin_NewsTg
💰 Over 60% of people don’t understand crypto, global study reveals
More and more individuals are interested in investing in the cryptocurrency and blockchain space, despite their lack of familiarity with digital assets. Interestingly, 57% of people said that they were aware of cryptocurrency, making it the second most well-known type of investment after stocks.
Despite the widespread awareness, 60% of respondents said that they did not understand cryptocurrencies as per the responses of 10,500 people between the ages of 18 and 64 years from four regions and 19 markets. Still, 42% of individuals who invest in the cryptocurrency market have the intention of increasing the proportion of their assets that they hold in crypto during the next six months.
Source
/channel/Bitcoin_NewsTg
Bitcoin mining difficulty adjusts over 13%, the highest since May 2021
The Bitcoin network has reached its all-time high in terms of hash rate, surpassing most projections. The network’s total hash rate currently stands at 240 EH/s and is expected to increase even further. Currently standing at 35 trillion, the mining difficulty will severely strain already stressed Bitcoin miners, further decreasing their revenue.
The current hash rate represents a 3x increase from the network’s lows in July 2021 when a government ban triggered a miner exodus from China. The hash rate then dropped to a two-year low of around 89 EH/s. The increase in hash rate follows an equally sharp rise in mining difficulty. On Monday, Oct. 10, Bitcoin mining difficulty saw its sharpest adjustment this year, increasing by 13%. Monday’s adjustment puts the current Bitcoin mining.
Source
/channel/Bitcoin_NewsTg
Marathon Digital Reports $80 Million Exposure to Distressed Data Center
BTC miner Marathon Digital reportedly said it might limit its business operations with Compute North should the latter not cope with its issues. The US-based bitcoin miner – Marathon Digital Holdings Inc. – reportedly has exposure of more than $80 million in one of its hosting providers – Compute North. Two weeks ago, the latter joined the list of troubled entities affected by the ongoing crypto winter.
According to a coverage by Bloomberg, the cryptocurrency miner had invested $10 million in convertible preferred stock of Compute North. It had allocated an additional $21.3 million to an unsecured senior promissory note in numerous entities within the bankrupt firm. The data center installed and hosted over 68,000 of Marathon’s bitcoin mining machines in its wind-powered Texas facilities during the last three months. Due to regulatory issues, though, the company could not turn on 40,000 of those units.
Source
/channel/Bitcoin_NewsTg
https://cryptoworldnews.us/coinbase-reportedly-valued-at-usd-90b-in-a-private-auction/
Читать полностью…
BREAKING: House passes $1.9T Covid relief bill that includes $1,400 checks, $300/wk jobless benefits, child allowance of up to $3,600 for one year, $125B for K-12 schools, $30B for public transit, $25B for rental assistance, $14B for vaccine distribution.
Читать полностью…
Awesome news from fantastic #BRG #Bridge_Oracle #BridgeOracle
Bridge Oracle mainnet services coming within 48hrs🚀🚀🚀!!!
Bridge Oracle is the first ever public oracle system on Tron network which has been developed to provide the ability to accessing off-chain resources within smart contracts.
By using #Bridge_Oracle, smart contract developers can infuse real-world data and create real-world connected DApps and DAOs on the Tron network. Users of #BridgeOracle should pay a small amount fee for receiving services. Users can pay via two various payment methods containing native coin of the network in which users want to implement Bridge Oracle into their smart contract and Bridge Oracle's native token, #BRG. (Paying with BRG token for services includes a significant discount.)
Project aims to fulfill the gap between various blockchains with each other and with outside real world. As soon as possible Bridge Oracle will start connecting various platforms to create a decentralized global world.
#BRG, the native token of Bridge Oracle system has already been listed in most famous exchanges like KuCoin, Poloniex, HitBTC, BW, PoloniDex, USwap, JustSwap, TronTrade, etc., which may be traded directly to BTC, USDT and TRX.
In order to feel the hype please join:
our official TG
our official Twitter
Our Insta
Our public Group in TG
Our web
💰 ‘Ill-Timed” ProShares Bitcoin ETF Plunges Over 70%
The ETF has attracted consistent inflows throughout the past year, with only two withdrawals. However, data suggested net inflows of $1.8 billion in its debut year, while its current assets were recorded at $624 million, meaning a 70% drop in the fund’s equity price. the Bitcoin Strategy fund (BITO) launched in October 2021 by ProShares lost money on an “unprecedented scale.”
BITO was designed to track the price of Bitcoin and marked a crucial step in the history of the flagship crypto-asset. The fund is expected to have lost $1.2 billion of investors’ money, according to MorningStar’s calculation, thereby making it by far the biggest debut loser.BITO managed to attract more than $1 billion in assets in its first two days of trading. Its launch was heralded among the most successful in the history of the ETF industry. However, its debut is often considered ill-timed by many industry prognosticators.
Source
/channel/Bitcoin_NewsTg
🇰🇷 Crypto Whales in South Korea to Come Under Surveillance to Prevent Money Laundering
The Financial Service Commission in South Korea will monitor crypto whales with more than 100M won in assets. It seeks to prevent any money laundering or illicit activity. South Korea’s Financial Service Commission has announced new rules for the crypto market that mandates the monitoring of crypto holders.
South Korea’s Financial Intelligence Unit (FIU) is an agency dedicated to preventing money laundering and illegal fund flows. It recently conducted a survey on crypto exchanges focusing on AML violations and counter-terrorism financing obligations. The agency concluded that there was insufficient compliance as far as these requirements were concerned. It has said that it will regularly disclose illegal transactions and activities. It also encourages exchanges to establish a proper AML system.
Source
/channel/Bitcoin_NewsTg
💰 Bitcoin weathers macro headwinds as Dow Jones sinks
Since mid-September, Bitcoin has been “crabbing,” or moving sideways, between $18,100 and $20,500. However, taking into consideration the deteriorating macroeconomic environment, a different narrative might be that Bitcoin volatility has eased during these testing times. What’s more, this is something that Wall Street would have picked up on.
The chart below maps the ten-day realized volatility spread between the 30 largest industrial stocks against Bitcoin.Since October, as BTC has remained relatively flat in dollar terms, this metric has dipped below zero, indicating that the Dow Jones is now more volatile than Bitcoin. Bitcoin Annualized Realized Volatility refers to actual volatility movements in the BTC options market based on defined past periods.
Source
/channel/Bitcoin_NewsTg
🇿🇦 South Africa deems cryptocurrency a ‘financial product’
South Africa’s financial regulator, The Financial Sector Conduct Authority (FSCA), classified crypto assets as a financial product and effectively subjected it to regulatory oversight upon the publication of the notice in the government gazette on Oct. 20. The classification was added to the country’s existing Financial Advisory and Intermediary Service Act, 2022.
According to the notice, crypto assets are also deployed via cryptographic means and distributed ledger technology as opposed to a central bank. The update also enables financial regulators to have a standard to adhere to, especially in regards to consumer protection, and that financial advisors are allowed to advise their clients on crypto investments, Marius Reitz, general manager for Africa at crypto platform Luno, said in an emailed statement to Bloomberg.
Source
/channel/Bitcoin_NewsTg
💰 Walmart CTO Says Crypto and Blockchain Will Take Center Stage in Digital Strategy
The chief technology officer of Walmart has said that crypto and blockchain technology will play a central role in the company’s forthcoming digital strategy. Walmart CTO Suresh Kumar told Yahoo Finance All Markets Summit that he believes cryptocurrencies will become a major disruptor in payments, and intends to position the world’s largest company by revenue accordingly.
To that end, Kumar said he is working to streamline the use of cryptocurrencies for customers, whom he said will eventually be able to use crypto at Walmart’s online stores. However, Kumar stressed that the emerging technology will not only revolutionize payments, but could also facilitate a change in the way customers interact with consumer products. With the advent of the metaverse, Kumar believes that cryptocurrencies could subsequently help accelerate the trend social media.
Source
/channel/Bitcoin_NewsTg
AGROGLORYTIME
Successfully completed Q3 2022 and paid a fantastic 147% APR on token deposits
It must be understood that such percentages are associated with the construction of the AGTI token model, a successful harvest and high market prices.
You also need to understand that the value of the token itself is determined both by the capitalization of the group of companies and by the payment of rewards for the token, as a symbol of the financial condition of the corporation in the virtual space
Over time, both the price of the token and the payout per token increase.
Perspective - the cost of a token is a few dollars and a quarterly payment per token is about a dollar.
But there is still a long and difficult path ahead to reach such indicators, which we will go through together with you!
Ukrainian stop war 🇺🇦
💰Buy token http://AgroGloryTime.io
💭For further information ask in the chat /channel/AgroGloryTime_chat
🇺🇦SUPPORT UKRAINIAN AGRICULTURE
HELP OVERCOME THE FOOD CRISIS
News /channel/AgroGloryTime
🔗Documents and projects https://sevlushfoods.com/en/
🍃Buying instructions /channel/instruction_agti
🇺🇸 Pieces of crypto bill could pass in six months, authors Lummis and Gillibrand say
Components of a sweeping crypto regulation bill authored by Sens. Kirsten Gillibrand and Cynthia Lummis could land on President Joe Biden’s desk for a signature in the next six months, the senators said on Friday. “I think six months from now we actually will see at least part of it on the president’s desk,” Lummis said.
Lummis and Gillibrand released their highly anticipated digital assets legislation in June. The bill is bipartisan — Lummis is a Republican from Wyoming and Gillibrand is a New York Democrat. A section of the bill that would give the Commodities Futures Trading Commission authority over digital assets that are considered commodities is “ready” to move forward, Gillibrand said.
Source
/channel/Bitcoin_NewsTg
💰 Bitcoin slumps 3% as data reveals hotter than expected CPI print
The price of Bitcoin tanked by 3% following the release of September’s Consumer Price Index (CPI) data showing inflation at 8.2% year-over-year. This came in worse than the 8.1% expected rate, extending fears of a drawn-out bear market while adding pressure for further rate hikes.
On October 7, the U.S. Bureau of Labor Statistics (BLS) posted non-farm payroll data for September, showing a 263,000 increase in jobs during September. Bitcoin reacted with an immediate 1% swing to the downside to close the day at $19,400. The strong U.S. jobs report highlighted efforts to cool the economy are not filtering through. Today’s CPI data puts further pressure on the Fed to press ahead with its hawkish agenda.
Source
/channel/Bitcoin_NewsTg
Google to integrate crypto payments with cloud services from 2023 via Coinbase partnership
Leading tech giant Google is set to integrate crypto payments into its cloud services following a new partnership with crypto exchange Coinbase. Google announced on Oct. 11 that from 2023 it will start accepting cryptocurrencies for payments and use Coinbase Prime to store its crypto holdings.
The pilot phase will see a handful of customers pay for Google cloud services using supported currencies on Coinbase, with plans to extend access to more customers over time. According to the Vice president at Google Clouds, Amit Zavery, Google was looking to use Coinbase Prime to store its crypto assets. The partnership will also see Coinbase moves its data-based applications away from Amazon Web Services to the Google cloud platform.
Source
/channel/Bitcoin_NewsTg
BTC beat NASDAQ and S&P 500 in September Amidst Fiat dump
Despite a negative 3.11% return in September for Bitcoin (BTC), the flagship cryptocurrency remained ahead of the 9.34 % and 10.5 % negative return posted by the S&P 500 and Nasdaq, respectively, according to the latest report from analytics platform Cryptocompare. Ethereum, on the other hand, is named as the worst performer among the four analyzed cryptocurrencies in the research, as the anticipated Merge ended up.
The report cited Ethereum’’s August and September performances as justification for this claim. In spite of having its highest risk-adjusted returns in August, ETH ultimately had its “biggest decline” in September, which was also the month when the Ethereum blockchain moved to a proof-of-stake (PoS) consensus method. Out of the four cryptocurrencies monitored, only Solana (SOL), with a monthly return of 5.59%, and gold, with 2.87%, outperformed BTC in terms of risk-adjusted returns.
Source
/channel/Bitcoin_NewsTg
Brazil’s BRB Bank Pays 50 BTC After Being Targeted by a Ransomware Attack
The Bank of Brazilia was attacked by the LockBit ransomware, with hackers asking for 50 BTC to deliver the locked sensitive data. On October 3, the Bank of Brasilia, a Brazil-based bank controlled by the government, fell victim to ransomware for which a group of hackers demanded 50 BTC as a reward for not leaking its users’ data. The Bank of Brasilia has not officially commented on the hackers’ demands.
According to local media Tecmundo, one of the hackers called “Crydat” contacted them to inform them that the Bank had to pay the equivalent of 5.2 million Brazilian reais before 15:00 on October 06. According to anonymous sources interviewed by Tecnomundo, the hackers used the “LockBit” ransomware belonging to one of the largest international ransomware groups, which operates under the same name as its software. As of the beginning of 2021 Lockbit had targeted nearly 350 organizations across the globe.
Source
/channel/Bitcoin_NewsTg
Aren't you tired from your routine?
The future can be different! Just imagine: you are laying under the Bali sun, drinking your cocktail, and meanwhile, the deviants from your investment are keeping coming.
It sounds like a dream, but it's a reality now. With SolarHashes you can live this life as you want.
Luckily for you, we decided to start the spring with HOT discounts up to 30% OFF on selected packages! The most expensive ones are already out of stock. There are few left, so don't waste any minute - jump in ≥ https://solarhashes.com/en/package
Just a shoutout to my good friend Sam, who makes really good analysis , Charts and Free Signals.
For me this is one of the best crypto channels on telegram.
@Bitcoin_Ethereum_Trading is a special channel running by a professional analyst.
Sam knows what to buy and what to sell.
- Consistent predictions/entries
- Highly accurate trades/analysis
- Fully transparent
All his useful contents are free for everyone.
👉 Make sure to check him out: /channel/Bitcoin_Ethereum_Trading
https://cryptoworldnews.us/50-of-inexperienced-investors-to-hold-bitcoin-less-than-a-year/
Читать полностью…