Bitcoin News and Finance: What You Need to Know

PRESS RELEASE. EverRise , a leading web3 security and infrastructure platform, has released EverRevoke. The newest addition to the EverRise Ecosystem is a utility to review and revoke token and NFT approvals from a single place across multiple blockchains. EverRevoke supports five blockchains: Ethereum, BNB Chain, Polygon, Avalanche, and Fantom. Token approvals are an often overlooked vulnerability in decentralized finance. EverRise developed EverRevoke not only to provide a solution to revoking active permissions but also to bring awareness to the potential problem . With DeFi and web3 gaining more adoption, security must be at the forefront to give users assurance that their assets are protected. EverRise believes credible tools must be readily available. “The token revoking tools currently available aren’t the most reliable and don’t provide users with an easy way to navigate what is in their wallet. EverRevoke provides them with the information they need to know to make an inf...

The San Diego-based cryptocurrency firm Edge has announced the launch of a confidential crypto Mastercard that doesn’t collect KYC data and doesn’t charge transaction fees. Edge’s website notes that there’s “no name or address associated with [the] Edge Mastercard” giving privacy advocates peace of mind. Edge Reveals Privacy-Centric Crypto Mastercard The digital currency firm Edge has announced the launch of the Edge Mastercard , a loadable crypto debit card that doesn’t collect KYC data. Edge revealed the Mastercard on Twitter and told the company’s followers: “Zero fees. Instant funding — With Edge Mastercard everyone can now spend BTC , DOGE, DASH , LTC , [and] BCH instantly, with zero personal information required.” Blockspace.io founder Gabe Higgins gave Edge props for the new privacy-centric crypto Mastercard. “Kudos to Edge, sticking with their original vision of providing an easy way to secure [and] use bitcoin without compromising on privacy,” Higgins tweeted on Wednesd...

PRESS RELEASE. On June 9, 2022 at 14:30 UTC, the FIAT currency pairs of MV(ERC20)/USD and MV(ERC20)/EUR will be listed on Kraken, a leading crypto exchange. Genso believes that by listing MV on Kraken, Genso will be able to increase the reach of our Metaverse to more users, and therefore stimulate the GensoKishi Online Economy. What is Kraken? Kraken is a US based cryptocurrency exchange, founded in 2011. The exchange is known to be the first for providing crypto price information to Bloomberg Terminal, a computer software system by the financial data vendor Bloomberg L.P.. It is also the first crypto exchange to provide BitCoin leveraging as a service, and therefore trusted by millions of users worldwide. Blog： https://blog.kraken.com/ Twitter： https://twitter.com/krakenfx About GensoKishi Online GensoKishi Online Metaworld is a GameFi and metaverse incarnation of the award-winning Nintendo Switch/PS4 game “Elemental Knights”. The iconic game has a 14 year history and has a...

U.S. Treasury secretary Janet Yellen doesn’t think inflationary pressures stem from the stimulus policies enacted after the Covid-19 outbreak. While speaking to lawmakers on Wednesday, during the House Ways and Means Committee, Republicans criticized Yellen for not knowing about the risks of inflation. A U.S. senator from Wyoming questioned the Treasury secretary’s “pronouncements and decisions” concerning the record gas prices and rising inflation. Yellen Claims Stimulus ‘Produced Excellent Rewards for Americans’ — Republican Senator Says American Rescue Plan ‘Overheated the Economy’ On Wednesday, Treasury secretary Janet Yellen downplayed the theory that the stimulus from the American Rescue Plan and other monetary expansion policies contributed significantly to the current rising inflation. “The success of the policy adopted is that we have an economy with the strongest labor market, arguably in the entire post-war period,” Yellen remarked during her House Ways and Means Committ...

BTC was fighting to stay above $30,000 on Thursday, as markets prepare for the release of U.S. inflation data on Friday. Crypto prices mainly consolidated in today’s session, whilst ETH marginally slipped, falling below $1,800. Bitcoin Bitcoin was attempting to stay above $30,000 on Thursday, as traders began to anticipate the latest U.S. inflation report. On Friday, the latest consumer price index (CPI) is expected to show inflation at 8.3%, which is still close to record highs. Prior to the release of this, BTC /USD fell marginally lower on Thursday, hitting an intraday bottom of $30,015.98. This move comes after bulls recaptured the $30,000 mark during yesterday’s session, however they have failed to extend these gains. Some believe this may be a result of the upcoming CPI release, which has been a key economic indicator in recent months. In addition to this, the 14-day RSI remains near its 45.50 floor, and should this continue to hold steady, BTC will likely stay above $...

The Congress of Colombia has approved a bill that regulates the behavior of cryptocurrency exchanges in the country in its first discussion, taking the first steps to bring clarity to this issue. One of the creators of the bill, Mauricio Toro, a representative of the Green Party, stated that this bill is needed to protect users from Ponzi schemes, giving them security in the crypto world. Colombia Gets on the Crypto Regulation Road More and more countries in Latam are realizing the growth and influence crypto and crypto-related businesses are seeing in their territories. Colombia is one of them, and this is moving the government to accelerate the regulation of cryptocurrency exchanges to clarify the responsibilities and duties of these companies. In this sense, the Colombian Congress has taken steps in this direction by approving a bill that seeks to give more clarity and security to the operation of crypto exchanges in the country. One of the proponents of the bill, representative...

A Brazilian judge has ruled that the CEO of Mirror Trading International should remain in precautionary detention as authorities in South Africa have already furnished their Brazilian counterparts with the documentation that is required for extradition purposes. The judge also rejected Johann Steynberg’s attempts to use his Brazilian family as the basis for seeking an end to his precautionary detention. Documentation for Steynberg’s Formal Extradition A Brazilian judge recently dismissed an application by Johann Steynberg — the mastermind behind Mirror Trading International (MTI), one of South Africa’s biggest cryptocurrency scams — to have his precautionary detention revoked. In his application, the MTI chief executive had reportedly argued that since no formal extradition request had been made the court should at least place him under house arrest. Steynberg also argued that when he left South Africa in December 2020, there was no outstanding warrant for his arrest and that the c...

Hong Kong’s securities regulator has warned investors to be wary of risks that are associated with non-fungible tokens (NFTs). The regulator also advised investors to consider investing in NFTs only if they fully understand the risks. NFTs ‘Straddle the Line Between Collectibles and Financial Assets’ A Hong Kong regulator has said NFTs face risks that are associated with other virtual assets and investors should not invest in these assets if they do not fully understand such risks. According to a report by Interface News, the Hong Kong Securities Regulatory Commission (HKSRC) said some of these risks include a lack of liquidity in the secondary market, volatile prices, a lack of transparency in the pricing of NFTs, and the risk of hacking. The regulator’s warning comes after the HKSRC said it had observed that some NFTs have unique qualities. Explaining this, the report said: “some NFTs straddle the line between collectibles and financial assets, such as subdivision or homogenei...