$BTC daily

2023-02-15 15:38:40 Crypto Markets Steal The Spotlight Ahead Of US Inflation Data

The SEC dragged down cryptocurrency markets last week, and now the New York Department of Financial Services has ordered Paxos to stop producing BUSD. The January inflation rate in the United States is up next. Prices are estimated to have risen 0.4% month on month in January.

According to Youwei Yang, chief economist at Bit Mining, the statistics will be regarded as favorable overall if the yearly rate is around 6% or lower, which might counter some of the regulatory-related selling. The New York Department of Financial Services ordered Paxos to halt creating the BUSD stablecoin, sending crypto prices lower. Bitcoin dropped in value as a result of the news. and all eyes will be on the publication for any signs of acceleration that could prompt the Federal Reserve to take new action.



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2023-02-15 00:46:53 NFT Marketplace Blur Launches Native Token, BLUR Price Drops 85% in a Matter of Hours

The Blur non-fungible token (NFT) marketplace launched its native token this week, and users who were awarded token allotments received “care packages.” Blur tokens began trading at noon on Feb. 14, reaching a high of $5.02 per token. However, the coin has since dropped more than 85% against the U.S. dollar.

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2023-02-14 18:41:37 Crypto Payments Firm Wirex and Visa Expand Partnership to 40 Countries

Cryptocurrency payments app Wirex has signed a long-term global partnership with Visa (V) to expand its footprint in Asia-Pacific (APAC) and the U.K., according to an announcement on Monday. The announcement builds on the two companies' existing relationship of a crypto-linked visa debit card in the U.S.

With this expansion the London-based Wirex, which has over 5 million customers, will now be able to directly issue crypto-enabled debit and prepaid cards to over 40 countries. While its largest customer-base is in the U.K., Wirex had previously withdrawn the U.K. Financial Conduct Authority's (FCA) temporary registration regime ahead of a deadline to obtain full registration which meant it would serve U.K-based customers via a subsidiary licensed in Croatia. Visa wants to bring more payment options to consumers by connecting digital currencies.


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2023-02-14 14:01:46 ​​Hal Finney’s wife resumes activity on Bitcoin pioneer’s Twitter account to avoid potential purge.

Under Elon Musk’s leadership, Twitter suspended a number of accounts including those controlled by high-profile journalists and social networking platform Mastodon.

Fran Finney, the wife of computer scientist Hal Finney — the recipient of the first transaction on the Bitcoin blockchain from Satoshi Nakamoto — reactivated her late husband’s Twitter account amid concerns Twitter CEO Elon Musk might purge the content from the social media platform due to inactivity.

Many Crypto Twitter users reported on Dec. 16 that Finney’s account registered activity for the first time in more than 12 years. Some speculated that a hacker might have taken control of the Bitcoin pioneer’s account and its more than 71,000 followers, but Fran quickly stepped in to dispel rumors.

“I am tweeting for Hal to avoid his account being purged by Elon,” said Fran.

It’s unclear whether Fran Finney’s intervention may save the crypto pioneer’s social media presence. Amid Musk’s $44-billion purchase of Twitter which was completed in October, he claimed he backed free speech as “the bedrock of a functioning democracy.”

However, under Musk’s leadership, the social media platform on Dec. 15 purged a number of accounts controlled by high-profile journalists at institutions including CNN, the New York Times, and the Washington Post. Accounts tracking the movements of Musk’s private flights as well as promoting social networking platform Mastodon — which has attracted many Twitter users following the billionaire’s takeover — were also suspended. The Twitter CEO claimed the former “doxxed my exact location in real-time.”

Musk had a net worth of more than $300 billion in October 2021 before the acquisition of Twitter, and around the same time, the price of Tesla stock reached an all-time high of $407.36 in November 2021. In roughly a year, the Bloomberg Billionaires Index showed that the Tesla CEO had dropped to the second richest person on the planet, with a reported net worth of $169 billion at the time of publication.

As CEO, Musk oversaw a number of controversial decisions at Twitter that had many in the business world questioning his acumen. Open / Comment

2023-02-14 02:46:50 ​​Crypto community expresses Christmas market sentiments: ‘No Santa rally’.

A community member pointed out that the lack of movements may be because of the controversies surrounding centralized exchanges.

Traders looking forward to a rally during Christmas were disappointed as the markets turned out to be steady as many celebrated the holidays. Crypto community members expressed their disappointment by sharing memes, with some even employing their creativity through poetry.

On Dec. 23, Data tracker Coinstats shared an image showing positive market movements and floating the idea of a potential “Santa Claus rally.”

However, with Bitcoin’s volatility index hitting record lows on Dec. 25, any thoughts of having a merry BTC rally on Christmas were put to a stop. Data from Cointelegraph Markets Pro showed that the top crypto hovered around $16,800 on holiday.

A community member pointed out that the lack of a rally this Christmas may be because of the controversies that surrounded centralized exchanges like FTX and Binance this year. Adding creativity to the mix, analytics tool CMM shared poetry inspired by the FTX collapse involving the firm’s former CEO, Sam Bankman-Fried.

Meanwhile, another community member hinted the lack of Christmas gifts may be because Santa was affected by the crypto dips as well. On the other hand, some Twitter users expressed frustration by sharing memes.

One shared a photo of a cat doing a thumbs-up while thanking Santa for the “Christmas pump” that didn’t happen. Another shared a photo of a psychologist supposedly treating a crypto trader for believing in a Santa rally.

While the crypto markets were at a standstill, bad actors within the space continued their work. In a recent exploit, around $8 million in assets were compromised because hackers hijacked an APK of the BitKeep wallet. The team urged its community members to transfer their funds to wallets downloaded from official sources like the Apple App Store or Google Play.

Apart from this, another exploit was conducted by hackers linked to North Korea’s Lazarus Group. The attackers allegedly launched a wide phishing campaign that targeted nonfungible token (NFT) users. The hackers launched around 500 phishing domains to lure their victims and steal their NFTs. Open / Comment

2023-02-13 18:33:36 Banco do Brasil Bank Now Supports Crypto Tax Payments

In a recent announcement, Banco do Brasil, the oldest Bank in South America has just allowed taxpayers with cryptocurrencies held in Bitfy to pay taxes with these assets. Bitfy is a startup specializing in blockchain solutions and has invested in BB’s Enterprise Venture Capital Program – CVC.

This initiative puts Banco do Brasil at the forefront of modern and efficient solutions while democratizing access to new financial technologies and providing convenience for customers as it expands the options for receiving taxes from the public sector. It works the same way when a customer pays for a ticket with a barcode. All he has to do is select the cryptocurrency on which he wants to pay taxes, capture a barcode or enter a sequence of numbers. All tribute information will appear to be validated before payment confirmation.


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2023-02-13 14:47:28 Income Tax Applies to Crypto Trading in Bosnia, Tax Administration Says

Individuals are expected to pay income tax on gains from cryptocurrency trading, the tax authority of Bosnia has determined. In the absence of dedicated regulations, the federal government in Sarajevo has set up a working group to assess various risks associated with digital assets.

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2023-02-12 23:09:27 G20 exploring coordinated crypto regulation

Nirmala Sitharaman, finance minister of current G20 president India, said the group of major economies is exploring whether it can coordinate on crypto regulation. Sitharaman — whose government, under Prime Minister Narendra Modi, and central bank have long debated laws potentially banning cryptocurrencies.

"We are talking with all nations, if we can make some standard operating procedure which is followed by everyone to make a regulatory framework, and if it can be effective," Sitharaman added. Though the Indian government and the Reserve Bank of India have historically been opposed to decentralized cryptocurrencies, the central bank has shown a keen interest in central bank digital currencies. Late last year, it began a pilot for a wholesale digital rupee to reduce transaction costs.


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2023-02-12 07:28:01 ​Banking Giant HSBC Files Trademarks for a Wide Range of Digital Currency and Metaverse Products

Banking giant HSBC has filed trademark applications with the United States Patent and Trademark Office (USPTO) for a wide range of digital currency products and services, including those related to the metaverse and non-fungible tokens (NFTs).

HSBC has filed two crypto-related trademark applications for its name and logo with the United States Patent and Trademark Office (USPTO). Mike Kondoudis, a USPTO-licensed trademark attorney, noted in a tweet Friday that HSBC’s trademark applications indicate the bank’s plans for a number of digital products and services, including those related to the exchange and transfer of virtual currencies.

HSBC’s crypto-related trademark applications were filed on Dec. 15; their serial numbers are 97718803 and 97718583. The bank described a wide range of products and services in its applications, including sending, receiving, converting, and storing digital currencies.

The trademark applications also detail several metaverse-related products and services, such as “facilitating secure payment transactions by electronic means in the metaverse,” “providing banking services in the metaverse,” and “providing processing of virtual credit card, virtual debit card, virtual prepaid card, and virtual payment card transactions in the metaverse.” HSBC also included a number of NFT services, such as “downloadable digital files authenticated by non-fungible tokens (NFTs).”

HSBC joined the metaverse by partnering with blockchain virtual gaming platform The Sandbox in March. However, HSBC Group’s CEO, Noel Quinn, said in September that crypto is not in the bank’s future.

An increasing number of major corporations and financial services institutions have filed trademark applications covering a wide range of digital currency and metaverse products and services. For example, Visa, Paypal, and Western Union filed crypto-related trademark applications in October. Last month, JPMorgan Chase was granted a wallet trademark covering various virtual currency and payment services. Open / Comment