Crypto news

London is now home to a record number of bitcoin and crypto-related advertisements, and many are calling for a ban on such promotions as they feel the crypto space is far too risky. London Is Seeing an Influx of Crypto Advertisements Crypto assets are largely unregulated in the United Kingdom, and there is much concern in London and other parts of the country about the volatility associated with these assets. In addition, many fear that people will become addicted to...

Eric Adams – newly elected mayor of New York City – is following through on his promise to receive his first paycheck in Bitcoin. Some of his salary will even be converted to Ether – the second-largest cryptocurrency. The Paycheck Promise The City of New York confirmed the payment decision from its official site earlier today. The Mayor’s paycheck will automatically be converted into Bitcoin and Ethereum when he receives it tomorrow. In November, Miami Mayor Francis Suarez...

The digital asset exchange – CryptoCom – came up with an official statement regarding the latest attack on its platform. The company revealed that the incident affected nearly 500 people, but they were fully refunded. The Saga Had a Happy End In its most recent report, CryptoCom disclosed that it first found out about the issue in the early hours on Monday (January 17). The monitoring systems of the trading venue detected unauthorized activity on a small number of user...

While there have been calls by the cryptocurrency community for the SEC to provide clearer regulation for the industry, one of the agency’s commissioners thinks otherwise. SEC Does Not Need to Re-Invent the Wheel Allison Lee, a Commissioner for the U.S. Securities and Exchange Commission (SEC), while appearing at a D.C. bar event on crypto regulation, has said that cryptocurrencies do not need a special set of rules. According to Lee: “Rather than pursuing approaches that...

Jack Dorsey – the CEO of Block, formerly known as Square – has emerged to say that his firm is moving forward on plans to develop an open bitcoin mining system. Jack Dorsey Wants a World Where Everyone Can Mine BTC What does this mean? Basically, all customers of Block will have the opportunity to mine bitcoin and other forms of crypto through a fully accessible system. In a tweet late last week, Dorsey announced: We’re officially building an open bitcoin mining system....

Despite the relatively long consolidation phase in the past few weeks, the options traders, alongside the on-chain metrics, are showing uncertainty. The fear on the macro scale is affecting both the cryptocurrency and stock market. Options Market Analysis This Friday, January 21st, approximately $538 million worth of Bitcoin options contracts will expire on Deribit. The max pain scenario is for the price to be at $43K for this expiry. Calls for the $44K strike price have the...

The central banking institution of the largest country by landmass – the Bank of Russia – urged the local government to impose a blanket ban on all cryptocurrency endeavors on Russian territory. It argued that digital assets remind of a pyramid scheme, undermine the sovereignty of monetary policy, and threaten the local financial network. Russia Calls for a Crypto Ban Many Russian authorities do not classify as the most crypto-friendly politicians since they have repeatedly...

Our societies are old – and they’re getting older still. Despite the often abstract rhetoric that surrounds discussions of “future demographic challenges”, the aging of modern societies represent very tangible labor shortages, loss of productivity, and stagnant economies. Keeping our creative brains running for longer will undoubtedly form part of the solution. That’s why we’re immensely excited to announce that Extend My Runway (EMR) has chosen KICK.IO launchpad for its...

US-based cryptocurrency custody and exchange Gemini has made its latest acquisition, with the company purchasing the trading technology startup, Omniex. Gemini announced the news of the acquisition in a blog post on Wednesday (January 19, 2022). According to the exchange platform, Omniex will be integrated into Gemini Prime, which was publicly launched following the acquisition. Prior to the latest development, Gemini Prime was only accessible to a select number of customers...

Serena Williams – arguably the best female tennis player to have ever played the game, at least measured by Grand Slam titles – has bought a Bored Ape NFT. Serena Williams is one of the most influential tennis players of the open era, having won a total of 23 Grand Slam titles in her career up to date. It appears, though, that she is also an avid enthusiast of non-fungible tokens (NFTs). Her current Twitter profile picture is a pixelated Crypto Punk-inspired display. The...