Crypto Shake

2022-10-01 20:00:05 ​​ Dormant bitcoin wallets wake up after 10 years

According to analytical resources, some wallets that had been idle for more than 10 years became active in 2022. Their owners began to actively move bitcoins (BTC). Experts noted that this happened against the backdrop of a two-year low for the flagship cryptocurrency.

According to analysts, the BTC/USD trading pair gradually returned to its Q4 2020 level and many have long wondered how the oldest holders of the cryptocurrency would react to this. The picture inside the network was mixed - idle supply was aging, but some longtime holders of virtual assets showed no signs of a clear desire to sell their assets at current prices.

However, a total of 510.65 BTC moved for the first time in 10 years last week. Moreover, the largest-ever transaction for coins that haven't moved in more than 10 years in a single calendar day was made: 477.80 BTC worth of transactions were recorded on June 14, 2022.

Experts noted that they know nothing about the origin of digital coins or the motives of their owners. The first movements of funds in old wallets were noted by Philip Swift, the creator of LookIntoBitcoin, a network analytics resource.

At the same time, experts from Glassnode, confirmed that a huge number of wallets, which store bitcoins for 10 years or more, continued to be inactive. According to the data, a total of 2,521,378 BTCs have remained out of circulation over the past decade - a figure that represents a new all-time high. Open / Comment

2022-09-29 18:20:00 RaisedX Giveaway

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2022-09-29 16:36:09 ​Binance Seeks License to Reenter Japanese Crypto Market After Exiting 4 Years Ago

Crypto exchange Binance is reportedly seeking to reenter the Japanese crypto market. The company exited Japan four years ago after the country’s financial regulator warned that Binance was operating illegally without a license.

Crypto exchange Binance is seeking a license to return to the Japanese crypto market, four years after exiting the country, Bloomberg reported Monday, citing people familiar with the matter.

The key reasons behind Binance’s renewed interest in Japan are the Japanese government’s easing regulatory approach to crypto and substantial potential for user growth, according to one of the people.

A spokesperson for Binance told the publication that the company is “committed to working with regulators and policymakers to shape policies that protect consumers, encourage innovation, and move our industry forward.” However, the spokesperson would not comment on specific license applications, noting that “It would be inappropriate to comment on any conversations with regulators.” Open / Comment

2022-09-27 14:00:07 ​Russian officials approve use of crypto for cross-border payments.

Deputy Finance Minister Alexei Moiseev said the policy describes "how to acquire cryptocurrency, what can be done with it" and its use in cross-border settlements.

The Bank of Russia and the country’s Ministry of Finance have reportedly reached an agreement allowing cross-border settlements in cryptocurrencies.

According to a Thursday report from the Russia-based publication Kommersant, Russia’s Deputy Finance Minister Alexei Moiseev said the government department has agreed “on the whole” with the central bank over a rule that would let residents send cross-border payments using cryptocurrencies. The proposed policy change was reportedly aimed at allowing Russian nationals access to digital wallets.

“The policy generally describes how to acquire cryptocurrency, what can be done with it, and how it can or cannot be settled with it in the first place in cross-border settlements,” said Moiseev, according to the report. Open / Comment

2022-09-25 12:00:06 ​​Ripple Outperforming Almost The Whole Market, What’s Pumping XRP Price?

The currency of the blockchain-powered online payment platform, XRP, has gained almost 60% in the past week. After briefly dipping to $0.34 five days ago, the token climbed back and traded around $0.52 this morning.

Crypto influencer Ben Armstrong claims to know the reason behind this continuous climb amid the current general crypto bear market. The multiple-crypto holder shared his two cents about the state of events with his 800k plus followers on Twitter yesterday.

Influencer Believes Impending Close To Ripple-SEC Case Is Responsible
According to Armstrong, multiple factors are causing Ripple’s insane price surge. However, he can confidently trace one primary reason to the ongoing SEC court battle with the sixth strongest crypto. The influencer tweeted that SEC has given up on its 2-year struggle of trying to prove XRP is a security. As of this week, the Ripple community “can be pretty confident the worst-case scenario is a fine,” the tweet reads.

The last weekend saw both parties in the ongoing case filing for summary judgment. In other words, Ripple and SEC believe enough evidence has been provided for a verdict outside a court case. They wait for Judge Torres’ decision supporting one side or the other based on already available evidence. A court battle that started way over in 2020 might soon be coming to an end. Open / Comment

2022-09-23 16:00:08 ​​Alameda Research joins Clearpool’s permissioned pool ecosystem

Crypto trading firm Alameda Research is launching a permissioned borrower pool on Clearpool.

Investment management firm Apollo Capital and decentralized finance (DeFi) trading platform Compound Capital will be the first lenders to contribute to the Alameda pool, according to a statement from Clearpool today.

Clearpool offers liquidity for decentralized marketplaces, focused on institutional capital. Their permissioned pools are adapted for borrowers and lenders with higher know-your-customer (KYC) requirements.

Proprietary trading firm Jane Street and institutional investment company BlockTower are already part of Clearpool’s permissioned pool ecosystem in a partnership that was announced in May.

“The demand for KYC-compliant lending and borrowing is increasing and Clearpool is leading the way with its sophisticated blockchain-enabled infrastructure,” Jakob Kronbichler, chief commercial officer and co-founder of Clearpool, said in the press release. “We have a long pipeline of lenders and borrowers ready to join the Clearpool ecosystem with our new permissioned pool product soon ready to launch.” Open / Comment

2022-09-22 22:35:08 AMAZING NEWS

Leading fan token platform Bitci.com’s mainnet coin Bitcicoin will be listed on Gate.io !

Startup Activation: 09.23.2022 (UTC)
Listing Date: 09.23.2022 10.00 AM (UTC)

BİTCİCOIN

- Main net coin of Bitcichain network
- It binds all products and services offered in the Bitci Ecosystem
- Tokens of each project running on Bitcichain may easily be converted to Bitcicoin, may be traded in Bitcicoin Market or other markets on different exchanges
- Bitcicoin is tradeable as itself and for to buy fan tokens and Bitcicoin is tradeable as itself and for to buy fan tokens and It gonna be used in NFT and gaming project
- Its value is determined with current and future fan token projects developed on Bitcichain.


BİTCİCHAIN

- It is the blockchain infrastructure of Bitci Teknoloji that develops private brand tokens for companies and institutions
- Fan tokens of sports clubs such as Spain National Football Team, Brazil National Football Team, Rangers Football Club, MOTOGP, McLaren are developed over Bitcichain blockchain network.
- Loyalty tokens are created on Bitcichain for companies.
- Businesses can distribute the tokens to their users as a reward, discount or prepaid over the personalized digital accounts offered by Bitcichain.
- Bitcichain offers blockchain based smart contracts which are more secure and traceable= way in keeping your account in logistics & procurement
- Bitcichain supports web3 projects on Gaming,NFT's and Metaverse

To explore this amazing blockchain company

BİTCİCOIN IS AVAILABLE ON:

- XT
- MEXC
- LBank
- Big One
- Probit
- Biconomy
- Finexbox
- Bittrex
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FOLLOW US ON SOCIAL MEDIA

TWITTER: @bitcichain Open / Comment

2022-09-21 16:00:06 ​​MoonPay, Universal create an in-person NFT-based scavenger hunt with more than 6 million tokens

The crypto payment platform MoonPay has helped its partner Universal Studios create an NFT-based scavenger hunt at its Universal Theme Parks.

MoonPay will use its utility minting service Hypermint to create up to 7 million NFTs, which can be claimed at a Universal Theme Park in Orlando, Florida or Hollywood, California as part of the “Halloween Horror Nights” NFT scavenger hunt.

“We're really excited about this because this is a real world use case that we've been trying to demonstrate with people,” MoonPay CEO Ivan Soto-Wright told The Block. “We're going beyond just the profile picture identity movement with NFTs to actual real world utility.”

Park guests won’t require advanced crypto knowledge — or even knowing how to set up a crypto wallet — to claim these NFTs. “It's just basically a claim page where you put in your email address, and boom, what we do in the background is we mint that NFT, we spin up a wallet for that particular person and then they're able to claim it when they're ready,” Soto-Wright said.

Seven types of NFTs can be found in both the Orlando and Hollywood Universal Parks. Those who collect all seven NFTs receive a “gold medal NFT,” which is “eventually going to do something” Soto-Wright said, without sharing additional details.

MoonPay originally launched Hypermint in June of this year as a service that lets brands mint up to 100 million digital assets at once. In the case of the Halloween Horror Nights scavenger hunt, these NFTs will be used as proof of attendance protocols or POAPs, or digital tokens that prove someone attended an event such as The Ethereum Merge. Open / Comment

2022-09-19 18:00:11 ​Two Sigma Ventures Raises $400M for Two Funds, Plans Crypto Investments

Two Sigma Ventures announced plans on Wednesday to invest $4000 million across two new venture capital funds, confirming to CoinDesk that crypto investments will be included.

The early-stage focused Two Sigma Ventures IV fund and growth-stage Opportunity Fund will invest across a number of industries, including enterprise software, financial technology and consumer technology. The company doesn’t have a dedicated crypto fund, but about 15% of its capital will go toward crypto and Web3 projects, Two Sigma partner Dan Abelon told CoinDesk during an interview.

Venture capital investments in the first half of 2022 fell 26% year-over-year as the Ukraine conflict, the collapse of Terra’s stablecoin and the liquidity challenges of crypto lender Celsius gave way to a bear market. The number of deals remained stable, suggesting that investors continued to pour into the space but were backing smaller deals.

Two Sigma Ventures is the venture capital arm of New York-based quant hedge fund Two Sigma, which has about $60 billion in assets under management. The combination drives a focus on startups utilizing data science and software, making crypto a natural investment fit. Open / Comment

2022-09-17 17:00:04 ​Bitcoin proponent claims PoS rewards aren't 'yields,' Vitalik snaps back.

Buterin responded to criticism by claiming PoW-based mining rewards are not much different from the PoS system, however, Wertheimer was quick to point out the differences.

Independent developer and Bitcoin proponent Udi Wertheimer created quite a buzz on Crypto Twitter earlier on Monday after he claimed that a proof-of-stake (PoS) based yield reward system for staking is more of a penalty for non-stakers.

Wertheimer, who is a well-known Ethereum critic, believes that the PoS staking reward system isn't exactly a yield reward. In PoS staking, a user cannot do anything with their staked ETH, while those who don’t stake their tokens and participate in other network activities aren’t rewarded.

With thEthereum Merge just a couple of days away, the sly on the PoS system didn’t really go down well with the Ethereum community, including co-founder Vitalik Buterin. Open / Comment