Crypto Mountains

2023-02-15 20:00:38 ​​El Salvador to open a ‘Bitcoin Embassy’ in the United States.

After debuting a Bitcoin Embassy in Switzerland’s city of Lugano, El Salvador continues expanding its BTC strategy with a new partnership with Texas.

The world’s biggest cryptocurrency, Bitcoin, is connecting more countries as the government of El Salvador is opening a “Bitcoin Embassy” in the United States.

El Salvador, a country that adopted Bitcoin as legal tender in 2021, is expanding its Bitcoin strategy in a new partnership with the government of Texas. The intergovernmental collaboration aims to set up a Bitcoin Embassy, or El Salvador’s representative office, in Texas to work on new joint projects to promote Bitcoin adoption.

Milena Mayorga, the Salvadoran Ambassador to the United States, announced the news in a statement on Twitter on Feb. 14.

“In my meeting with the assistant secretary of the government of Texas, Joe Esparza, we discussed the opening of the second Bitcoin Embassy and the expansion of commercial and economic exchange projects,” Mayorga said.

The latest Bitcoin initiative comes a few months after El Salvador opened the first Bitcoin Embassy in Switzerland’s southern city of Lugano in October 2022. As part of the efforts, the two pro-crypto jurisdictions started working to establish a physical governmental presence to promote cooperation in education and research institutions related to Bitcoin.

According to former Blockstream chief strategy officer Samson Mow, the phenomenon of the Bitcoin embassy is the next step in nation-states and cities adopting Bitcoin. He said that such initiatives imply cooperation between countries to develop new initiatives like establishing alliances between places that have adopted Bitcoin.

The news comes amid Texas lawmakers reportedly considering a new bill calling for a “a master plan for the expansion of the blockchain industry.” The legal initiative aims to turn Texas into the crypto capital of the country by introducing tax-free shopping with Bitcoin, among other proposals.

As previously reported, Texas has emerged as one of the crypto-friendly U.S. states, passing crypto-friendly laws aiming to better adapt commercial laws to blockchain innovation and digital asset regulations. Open / Comment

2023-02-14 20:00:16 Short Term Crypto Rally Likely After US CPI Data Release? Here’s Why

The release of consumer price index (CPI) for January by the U.S. Bureau of Labor Statistics could likely have a significant ripple effect on the markets for the weeks to come.

Amid hopes of the US economy further going the disinflationary way, the Federal Reserve committee in its recent meeting slowed down the rate hike pace, leading to a positive effect on the markets.

https://coingape.com/short-term-crypto-rally-likely-after-us-cpi-data-release-heres-why/?nm Open / Comment

2023-02-12 14:00:12 $57 Risk-Free Bets for the Super Bowl With Duelbits

This weekend is time for the 57th Super Bowl when Kansas City Chiefs will face the Philadelphia Eagles at the State Farm Stadium.

How to get the Risk-Free Bet
• Place a single bet, between $5-$57 on any Pre-Match market on Super Bowl 57. The single must be placed at minimum 1.5 odds.
• If your Risk-Free Bet loses, you will be given a Free Bet token to the equivalent stake, within 24 hours.

The first Pre-Match bet placed will be eligible, any other bets after this are not considered.

Who do you think is going to lift the Lombardi Trophy in Arizona? Whatever happens Duelbits have you covered. Get up to a $57 Risk-Free Bet on Superbowl 57!

Bet Now To Win Open / Comment

2023-02-12 13:30:00 ​Bit2Me Launch 9% Cash-back Debit Card Through Mastercard Network.

Bit2Me is revolutionizing the financial world by bridging the gap between traditional finance and cryptocurrencies. The Madrid-based company has made a significant impact in the industry, being recognized as Spain's biggest crypto exchange and the first company approved by the Bank of Spain as a virtual currency service provider in 2022.

To meet the demands of a more mainstream demographic of digital asset users, Bit2Me has recently launched a new product - the Bit2Me debit card. The debit card allows users to instantly switch between cryptocurrencies, including B2M, BTC, ETH, ADA, XRP, SOL, DOT, and USDT, to pay for goods and services.

Bit2Me's innovative software combined with Mastercard's 90 million-strong global network equal a seamless integration, allowing for online transactions, contactless payments, and 24-hour ATM cash withdrawals. The Bit2Me card operates just like a regular fiat debit card, with all the added benefits of instant wallet switching and high-level security protocols like the ability to lock and unlock the card and configure usage limits.

Bit2Me's CEO and Co-founder, Leif Ferreira, comments on the lengthy process of development needed to integrate the debit card with the Mastercard network and offer a high rate of cash-back:

"Dozens of professionals have been involved in this project, and after two years of work, we have found the key to connect cryptocurrencies to the Mastercard payment network. To do this, we had to modify the transaction flow (which is part of the international card payment protocol) so that customers can use cryptocurrencies to pay instantly and transparently for businesses. Moreover, we have managed to add up to 9% cash back on purchases." Open / Comment

2023-02-11 14:00:15 $57 Risk-Free Bets for the Super Bowl With Duelbits

This weekend is time for the 57th Super Bowl when Kansas City Chiefs will face the Philadelphia Eagles at the State Farm Stadium.

How to get the Risk-Free Bet
• Place a single bet, between $5-$57 on any Pre-Match market on Super Bowl 57. The single must be placed at minimum 1.5 odds.
• If your Risk-Free Bet loses, you will be given a Free Bet token to the equivalent stake, within 24 hours.

The first Pre-Match bet placed will be eligible, any other bets after this are not considered.

Who do you think is going to lift the Lombardi Trophy in Arizona? Whatever happens Duelbits have you covered. Get up to a $57 Risk-Free Bet on Superbowl 57!

Bet Now To Win Open / Comment

2023-02-09 20:00:12 ​​LocalBitcoins closes down P2P crypto exchange service.

LocalBitcoins’ customers have 12 months to withdraw their cryptocurrencies from the LocalBitcoins wallet but are advised to do so immediately.

Finland-based peer-to-peer (P2P) cryptocurrency platform LocalBitcoins is shutting down operations after serving its customers for more than 10 years.

LocalBitcoins officially announced the termination of services on Feb. 9, citing the tough market conditions of the ongoing cryptocurrency winter.

“Regardless of our efforts to overcome challenges and turn our trade volumes and declining market share back to growth, we have regretfully concluded that LocalBitcoins can no longer provide its Bitcoin trading service,” LocalBitcoins CEO Nikolaus Kangas told Cointelegraph. At the time of the announcement, LocalBitcoins’ team had 50 employees.

LocalBitcoins encouraged all customers to withdraw their crypto assets from the platform, asking them to proceed with withdrawing Bitcoin from the LocalBitcoins wallet. According to the announcement, users can withdraw crypto assets from LocalBitcoins for 12 months. “However, of course, we encourage you to proceed with withdrawing sooner,” the firm noted.

According to the termination timeline, LocalBitcoins will immediately suspend all new registrations from Feb. 9. Trading will be suspended Feb. 16, while after that date users will only be able to login into the wallet to withdraw their funds.

LocalBitcoins’ abrupt closure comes soon after the United States Financial Crimes Enforcement Network mentioned the platform among the biggest Bitcoin senders to the Russia-linked exchange Bitzlato. U.S. authorities launched a major enforcement action against Bitzlato, accusing the firm of money laundering and allegedly facilitating circumvention of sanctions against Russia.

Jukka Blomberg, chief marketing officer at LocalBitcoins, denied any kind of cooperation or relationship with Bitzlato in a statement to Cointelegraph in January. He stated:

“Based on our data there have practically been no transactions between LocalBitcoins and BitZlato since October 2022, after we stopped serving Russian user accounts and accounts of users residing in Russia.” Open / Comment

2023-02-08 17:00:18 ​AirDAO announces AirDAO Bootcamp

AirDAO is an ecosystem of powerful web3 products powered by its community-owned, DAO-powered blockchain, with a single dashboard to access all of the products. AirDAO merges an integrated product strategy with blockchain technology to bring accessibility and consumer focus to Web3.

From the 13th to the 17th of February, AirDAO Bootcamp is a week of interactive sessions with key team members to educate the community, with a series of webinars on a wide range of topics—including DAOs, AirDAO’s roadmap, tokenomics, and more.

AirDAO Bootcamp will see their experts share exclusive insights into the future of web3 and DeFi on AirDAO’s layer one blockchain and showcase how the community can get involved via the Ambassador Program. The AirDAO team will also discuss their upcoming tokenomics changes and AirDAO’s transition to DAO governance, and Firepot Finance—the first dApp in AirDAO’s DeFi ecosystem—will close out the AirDAO Bootcamp with an exciting announcement.

Each Bootcamp session will start at 3 PM UTC, with speakers giving a 30-minute presentation followed by a 15-minute Q&A session to discuss the ideas shared with the audience.

Join the Bootcamp and discover the future of web3 on AirDAO.

Sign up for AirDAO Bootcamp now
DYOR Telegram Open / Comment

2023-02-07 21:00:05 United Telegram Bot Playground: Unique Token Natural Growth Algorithm powered by AI inside Telegram Bot

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@UnitedTeleBot Open / Comment

2023-02-07 17:00:13 ​MAPay and its crypto subsidiary MPayz, a global healthcare technology firm with a focus on decentralized payment networks, unveiled its partnership with the Ministry of Public Health and Family Welfare in the Government of Maharashtra, India, to provide NFT technology that will store personal health data on the blockchain for the first time. Built on Algorand, the first deployment will introduce upwards of 100 million NFTs for this purpose.

MAPay will use its proprietary NFT technology to enable secure, decentralized storage. This application for NFTs will help eliminate intermediaries in the healthcare system that routinely cause bottlenecks, introduce risk, and drive up costs for all parties – including patients; public, private, and government health providers; insurance companies; and banks. See the full press release here:

https://rb.gy/jkecc3

Stay up to date on the project's launch date to get in before institutional money moves in. Click the link to join the telegram group!

https://link.mpayz.io/XjpB Open / Comment

2023-02-06 20:00:22 ​​Hong Kong securities regulator adds crypto personnel for industry supervision.

Regulators in Hong Kong plan for the addition of personnel to “better supervise” the activities of local virtual asset providers.

Regulators in Hong Kong are stepping up their game when it comes to monitoring the activities of the crypto industry.

According to a Securities and Futures Commission report filed on Feb. 6, it plans to hire four additional staff to “better supervise” the activities of local virtual asset (VA) providers. Moreover, the extra oversight will help “better assess the compliance and risk” by allowing retail investors to trade virtual assets on regulated platforms.

The commission wrote:

“This is in response to an increasing number of operators who have expressed interest in carrying on VA activities such as trading platforms and the management of VA funds.”

This comes at the onset of the introduction of a new licensing regime to allow greater retail crypto investment.

Previously trading platforms licensed in Hong Kong were only permitted to serve professional investors, or investors with portfolios of at least $1 million (HK $8 million), according to regulators.

In December 2022, the new licensing regime was approved as an amendment to the Anti-Money Laundering and Counter-Terrorist Financing Bill. However, it takes effect in June 2023, which gives time for regulators and local businesses time to prepare for a new wave of participation in the industry.

Hong Kong has been active in its plan to revamp its crypto industry and become a hub for Web3 innovation. Part of this plan included an investment fund of $500 million to push for mass adoption in the local industry.

Most recently, the Hong Kong Monetary Authority recently released a statement saying that it will not tolerate algorithmic stablecoins in its newest regulation. However, the regulator said that it intends to develop a full-bodied regulatory framework for stablecoins, which will be based on the full backing of such assets. Open / Comment