Bitcoin News and Finance: What You Need to Know

PRESS RELEASE. As the new year gets underway, there has been a lot of speculation and interest regarding what role the metaverse, crypto and VR (Virtual Reality) will play going forward. After all, our society is becoming increasingly digitised and the COVID-19 global pandemic is still very much ongoing. As a result, there is a clear need for everyone to continue to live their lives but in a vastly different way than before, and that is exactly where Ariva Digital comes into play. Understanding Ariva Simply put, Ariva can be thought of as an innovative blockchain platform which intends to solve the inefficiencies of the tourism industry by providing a next-generation blockchain-based ecosystem. It essentially wishes to influence the tourism sector by combining cutting-edge goods, services and products into its ecosystem. This is divided into many important categories, according to the official whitepaper , including Ariva.World, Ariva.Finance, Ariva.Club, and finally the Ariva Me...

Indonesia’s Financial Services Authority (OJK) has prohibited financial firms from using, marketing, and/or facilitating crypto trading. The financial regulator also cautioned the public to always beware of fraudulent Ponzi schemes under the guise of crypto. Indonesian Regulator’s Crypto Warning Indonesia’s Financial Services Authority (OJK), the Jakarta-based government agency which regulates the financial services sector, warned Tuesday that financial firms are not allowed to offer or facilitate sales of crypto assets. The warning was conveyed by the chairman of the OJK Board of Commissioners, Wimboh Santoso, on the regulator’s official Instagram account. The OJK was quoted by Reuters as saying: OJK has strictly prohibited financial service institutions from using, marketing, and/or facilitating crypto asset trading. The regulator also cautioned the public when investing in crypto assets. “Crypto assets themselves are a type of commodity that has fluctuations in value which c...

The Trump family has threatened legal action over trumpcoin, a cryptocurrency created in 2016 “to honor Donald J. Trump.” Eric Trump said that the crypto has nothing to do with the Trump family. “We do not authorize the use and we are in no way affiliated with this group. Legal action will be taken,” he said. Trump Family Threatens Lawsuit Over Trumpcoin Eric Trump, a son of the former president and a Trump Organization executive, tweeted about cryptocurrency trumpcoin Monday. “Fraud Alert: It has come to our attention that someone is promoting a cryptocurrency called ‘trumpcoin’ (Symbol ‘TRUMP’),” he wrote, adding: This has nothing to do with our family, we do not authorize the use and we are in no way affiliated with this group. Legal action will be taken. According to the Trumpcoin website, the cryptocurrency was created in February 2016 “in order to honor Donald J. Trump.” Trumpcoin has a market cap of about $1.3 million. At the time of writing, its price is about $0.26. T...

Tesla CEO Elon Musk says that he will eat a happy meal on television if McDonald’s accepts the meme cryptocurrency dogecoin (DOGE). However, McDonald’s replied, “only if Tesla accepts grimacecoin.” Musk’s statement followed a tweet by McDonald’s asking how crypto Twitter is doing. Elon Musk Tries to Tempt McDonald’s to Accept Dogecoin Tesla and Spacex CEO Elon Musk offered to eat a McDonald’s happy meal on television if the fast-food restaurant chain accepts dogecoin (DOGE) in a tweet Tuesday. At the time of writing, his tweet has been retweeted 34.3K times and liked 229.1K times. Many people expressed their excitement on Twitter, promising that they will eat at McDonald’s more often if the restaurant chain accepts DOGE. Some said they will only pay at McDonald’s with the meme coin if that happens. A few people asked McDonald’s to consider accepting other coins, like shiba inu (SHIB). The price of DOGE pumped slightly after Musk’s tweet. The price of dogecoin was $0.1359 at that...

The mayor of New York City, Eric Adams, converted his first paycheck into bitcoin and ether before the price of the cryptocurrencies plummeted. However, the mayor said, “When you are a long-term investor, you don’t keep your eyes on your portfolio.” He added that the purpose of receiving a paycheck in bitcoin is to send a message that New York City is open to technology. NYC Mayor Converted Paycheck Into Bitcoin and Ether Before Prices Tanked New York City Mayor Eric Adams answered some questions in an interview with CNN Sunday about receiving his first paycheck in bitcoin just before the price of the cryptocurrency sank. Adams recently converted his first paycheck into bitcoin and ether via Coinbase. He promised to take his first three paychecks in bitcoin. He was asked if he had any regrets about converting his paycheck into cryptocurrency before prices crashed. The mayor replied: It’s the same when I invested in the stock market in my 401k. We saw a drastic drop during 2018...

Grayscale, the world’s largest crypto asset manager, is considering 25 more crypto assets for investment products. With the latest additions, the company’s list of coins under consideration has grown to 43. “The process of creating an investment product similar to the ones we already offer is a complex, multifaceted process,” said Grayscale. 25 Crypto Assets Added to List of Coins Under Consideration for Grayscale’s Investment Products Grayscale Investments announced Monday that it has updated its list of digital assets under consideration for 2022. Grayscale currently has $30.6 billion in net assets under management. The company explained that the “Assets Under Consideration” list comprises “some digital assets that are not currently included in a Grayscale investment product, but that have come to our attention as part of our exploration of this sector, and that our team has identified as possible candidates for inclusion in a future investment product.” Grayscale detailed: Wit...

The software behemoth Google has reportedly started a new blockchain-based division inside its Labs group. The division will also deal with other distributed computing and data storage technologies. While the company has been wary of associating with any form of cryptocurrency, Bill Ready, Google’s president of commerce, stated on January 19 they were paying a lot of attention to the area. Google Goes Blockchain Google, one of the biggest software companies in the world, is reportedly launching a new blockchain division as part of its Labs group. The blockchain division will be led by Shivakumar Venkataraman, an engineering vice president for Google. The division will focus on “blockchain and other next-gen distributed computing and data storage technologies,” according to an email obtained by Bloomberg. While the company has been involved in certain blockchain projects, it has been very wary of being associated with any cryptocurrency in particular. The new blockchain division wi...