Crypto news

The American multinational chain of coffeehouses – Starbucks – launched its blockchain-based loyalty program, called Starbucks Odyssey, to its first group of US beta testers. The effort is an extension of the company’s existing project – Starbucks Rewards – and includes coffee-themed NFTs that relate to real-world experiences. The entity displayed its intentions to hop on the NFT and Web3 bandwagon earlier this year by introducing the Starbucks Odyssey program. The...

New Jersey wants to turn itself into the most crypto friendly region in America. That’s why it’s introducing the “Digital Assets and Blockchain Regulation” Act, which will permit decentralized autonomous organizations (DAOs) to establish themselves within the state’s borders and issue stock certificates and create tax incentives for digital currency firms. New Jersey Is Establishing New Digital Currency Laws New Jersey has been up and down in its relationship with digital assets. While some...

The Japanese authorities reportedly extended the business suspension order to FTX Japan until March 9, 2023. Initially, the company had to cease all services on December 9. According to recent coverage, the Kanto Local Finance Bureau will grant FTX Japan three more months before halting all its activities. The final date has moved from December 9, 2022, to March 9, 2023, because the company still struggles to return assets to customers. The authorities further claimed that...

The cryptocurrency market has remained calm over the past 24 hours with unimpressive volumes, which is rather typical for the weekend. It’s also worth noting that market participants might be cautious before the release of November’s CPI numbers. Bitcoin Stable at $17K Bitcoin’s price has failed to produce any significant movements in the past 24 hours and has maintained above $17K for a total of 0.2% gains on the day, according to CoinGecko. As seen in the chart below, there...

But blockchain firm Ripple’s Chief Technology Officer, David Schwartz, weighed in on Sam Bankman-Fried’s sympathizers but also went on to detail what went wrong with the company. Ripple CTO’s Take on FTX Collapse The exec listed out three things that went “horribly wrong.” FTX customer fiat assets were left in Alameda accounts and used by Alameda. Customer deposits FTX was just supposed to hold were commingled with assets used in riskier ways. Alameda was supposed to be...

According to White House officials, bitcoin – though it has its benefits – has increased ransomware cases across the country. The White House Isn’t Confident in BTC A White House spokesperson (who remains anonymous) recently commented in an interview: When bitcoin became more widely used, we saw a huge jump in ransomware because it was a way to move money across borders. It’s a borderless threat, and we [need] to tackle it in a borderless way. The threat has clearly evolved. The government...

Lawmakers in the country have passed the “On Digital Assets of the Republic of Kazakhstan” crypto assets bill and other laws that focus on crypto mining. The Mäjilis, or the lower hours of the Parliament of Kazakhstan, approved the four bills. Following the Chinese miner exodus, Kazakhstan emerged as one of the preferred destinations due to cheap electricity. However, as crypto mining boomed, lawmakers have come up with hostile measures against the industry. Stringent Rules...

What will bring bitcoin back from the brink of disaster? According to famed venture capitalist and digital currency enthusiast Tim Draper, the answer is women. Tim Draper: Women Are the Answer The crypto space has been doing very poorly as of late. The industry has fallen by more than $2 trillion in valuation and some of the largest, mainstream digital assets – including bitcoin – are down by 70 percent or more from their 2021 November highs. It’s an ugly sight to see, and many analysts are...

A recent study conducted by CNBC estimated that only 8% of American participants currently have a favorable view of cryptocurrencies. Those who supported the asset class in March 2022 were 19%. The market has been through a lot since then – the prices plummeted, the Terra ecosystem crashed, and FTX filed for bankruptcy. Change of Trends 43% of the US participants in CNBC’s “All-America Economic Survey” said they have a negative view of digital currencies, while this figure...

Bitstamp is the oldest digital currency exchange in the world. Not long ago, it announced it’s set to begin doing business in the European nation of Luxembourg, and it will soon offer its services to crypto traders in that region. Bitstamp Is Cementing Itself in Luxembourg Jean-Baptiste Graftieaux – CEO of Bitstamp – said in an interview: We have a combination of engineers and product people who understand crypto or fintech. We also have experts in information security area and data...