LATEST & DAILY UPDATES ON CRYPTO

 

Dear Friends,

Hope you all are doing good.

I have included one new category of Crypto I will be posting many new updates on Crypto on daily basis and some time twice or thrice in a day therefore you all are requested to please keep checking my Blogs on a regular basis so that you all could be aware of latest updates on Crypto.

Apart from the above, you can get many new updates on Financial News twice or thrice every day.

I will appreciate all your valuable suggestions in this regard.

Thanking you

S. Kumar

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Democrats Questions Fidelity’s Plan to Put Bitcoin in 401(k)

Sens. Elizabeth Warren of Massachusetts and Tina Smith of Minnesota wrote letters to Fidelity Investments. In this letter, the two democrats questioned the plan of Fidelity Investments to let investors put bitcoin in their 401(k)s. They pointed out that crypto could be a very risky investment option for retirement savers.

 

Bitlocus to Launch Crypto-Enabled Visa Debit Cards

Bitlocus, a global fintech company based in Lithuania, has announced a partnership with Striga. Through this partnership, the company will roll out crypto-friendly debit cards for its customers across the European Economic Area and worldwide. With such cards, users could directly purchase goods and services using their crypto assets

 

Bitcoin Mining Company Marathon Digital Releases Q1Result

North America's top bitcoin mining business, Marathon Digital Holdings, Inc, revealed a massive 556% year-over-year increase for the first quarter of 2022. The company stated that it had produced a record of 1,259 BTC. The company made a revenue of $51.7 million, a 465% increase from the same period last year.

 

Bitcoin, Ethereum and Avalanche showed a spike toward the upside

After the Fed's meeting on Wednesday, the cryptocurrency market saw a significant spike in price. BTC moved towards the upside by 5.17% and closed at $39,701. Ethereum price went up by 5.72%, and the daily candle closed at $2,940.55. Avalanche saw a double-digit gain of 12.78%, reaching $67.24 by end of the day.

 

 LedgerX Founding CEO Paul Chou to Create Interplanetary Cryptocurrency

Paul Chou, the co-founder of LedgerX, is developing a new type of digital asset that can be used on the Earth, the Moon, Mars, and beyond. Foundation Coin is a new type of cryptocurrency that can be used to settle transactions on any planet or moon in the Solar System. The foundation coin, like bitcoin, will not be reliant on any government.

Crypto markets should be monitored closely: MONEYVAL

MONEYVAL, Europe's anti-money laundering and counter-terrorism financing authority has requested that European countries implement more stringent regulatory measures. These regulatory efforts should push monitoring of crypto markets to prevent money laundering through crypto-assets. According to MONEYVAL, gatekeeper professions such as attorneys & accountants should also be monitored.

Bitcoin moves up by 5% after Fed meeting

The Federal Reserve of the United States raised interest rates by 50 basis points on Wednesday, May 4. The United States equity and cryptocurrency markets surged shortly after the news. The price of Bitcoin has gone up by 5% in the last 24 hours, with BTC currently trading at $39,902.

Lawmakers slam SEC for focusing on crypto enforcement

The U.S. securities watchdog was criticized by several lawmakers and commissioner with the U.S. Securities and Exchange Commission for focusing on crypto enforcement. SEC commissioner Hester Peirce tweeted, “The SEC is a regulatory agency with an enforcement division, not an enforcement agency. Why are we leading with enforcement in crypto?”

 

04/05/22

All largest cryptocurrencies were up during morning trade on Wednesday

During the morning trade on Wednesday, all the largest cryptocurrencies were up with Cardano seeing the biggest change, climbing 7.24% to 82 cents. Uniswap spiked 5.65% to $7.12, while Litecoin zoomed 3.04% to $101.02. Bitcoin and Polkadot surged 2.96% to $38,746.71 and 2.95% to $15.08, respectively. Dogecoin and Ripple surged 1.78% to 13 cents and 1.73% to 61 cents, respectively.

   

Uzbekistan Legalises Solar-Powered Crypto Mining

 According to a recent decree, domestic and foreign businesses running crypto operations are exempted from income tax in Uzbekistan. The country will also allow miners to use solar power to run their operations. On the other hand, mining businesses can also be connected to the power grid for double the standard price, and additional surcharges may be imposed during peak consumption periods.

 

 

Virginia county looks into crypto yield farming

 Fairfax County, Virginia, has already invested a portion of its pension funds in crypto and blockchain, but it's considering going much further with a larger yield farming investment. According to reports, the system is expected to fund two new crypto-focused hedge fund managers in the next three weeks.

 

 

Bitcoin adoption in El Salvador by citizens stays low

 According to a survey by a university in the US, Bitcoin adoption in El Salvador stays low. After receiving their $30 incentive in bitcoin for installing the app, just roughly 20% of survey respondents continued to Chivo bitcoin wallet. Despite legislation requiring businesses to accept bitcoin if they have the requisite technology, just 20% of enterprises reported doing so.

 

 

03/05/22

Top EU Official Calls for Global Crypto Agreement

 Mairead McGuinness, the European Commission's commissioner for financial services and capital markets is asking the global authorities to work together to address potential concerns in the cryptocurrency industry. She discussed the dangers of insider trading, the prospect of Russia using cryptocurrency to escape sanctions, and the necessity to solve environmental issues.

 

 

What is crypto exchange CoinFLEX and the FLEX Token❓

 A centralized exchange, CoinFLEX is committed to offering retail and institutional investors a smooth accessible platform to earn as well as trade digital assets. 🚀Globally, it is marked as the second-largest in terms of daily transaction volume accelerating the trade of cryptos worth around $4.6B daily. 🎯It has launched its native coin FLEX which has tapped a market cap of over $400 mn.

 

 

Bitcoin bulls defend mining in letter to EPA

 A group of major bitcoin investors and miners sent a letter to the U.S. Environmental Protection Agency (EPA). In this letter, they defended bitcoin mining and discussed misconceptions regarding its environmental impacts. This letter is a response to the letter written to the EPA by members of Congress, who expressed concerns about how bitcoin mining has a negative impact on the environment.

 

 

Movie Studio Received $10M in Bitcoin for Shares

 According to SEC records, Angel Studios, a Utah-based movie studio, added $10.6 million in bitcoin to its treasury. The transaction took place in October through a stock sale. The Company sold 1,685,392 shares of its Class A common stock for the average price of $9.28 on October 18, 2021. The shares were exchanged for $4,999,993 in cash and $10,649,895 in bitcoin, according to the documents.

 

 

 

01/05/22

 

Bitcoin being accumulated by Whales as price plunges under $40,000

 Bitcoin whales are accumulating as much BTC as possible after the world's most popular digital asset was trading on a bearish note. The latest Barron report suggests that Bitcoin whales' accumulation of BTC has increased significantly, crossing the level recorded last September. With the crypto still hovering below $40,000 level, the accumulation phase might be here to stay.

 

 

UK Crypto companies onboarding Cybercrime Experts with huge pay hike

UK crypto firms are onboarding experienced cybercrime police. The move will likely boost the firms' regulatory compliance measures. The National Police Chiefs’ Council, which is the body that represents all police officers in the UK, announced that experienced cybercrime cops are exiting the force at 3 – 4 times higher rates than other police officers.

 

 

Elon Musk mocks Warren Buffett's attack on Bitcoin that led to price fall

 Elon Musk has mocked the legendary investor Warren Buffett as he expressed negative feelings toward Bitcoin. Warren Buffett and Berkshire Hathaway's vice chairman Charlie Munger both used the company's annual shareholder meeting to reiterate their negative feelings toward Bitcoin, which led to its price fall. To this, Musk expressed in a tweet, "Haha, he says 'bitcoin' so many times.