Bitcoin News and Finance: What You Need to Know

Established in 2016, Cash2Bitcoin.com is one of the largest and fastest-growing cryptocurrency ATM deployment services in the United States. Cash2Bitcoin.com manages over 1000 locations throughout the country and is rapidly expanding its reach in the market. Ayman Rida is the CEO of Cash2Bitcoin . He recently joined the Bitcoin.com News Podcast to talk about the business: Ayman Rida is a proud father, husband and graduate of the University of Michigan (finance). In 2016, Rida started Cash2Bitcoin.com as a way to provide service in the exciting, and rapidly changing, crypto space. With more than a decade in merchant card services and standard ATM services, Rida saw a wonderful opportunity in crypto — one that would serve a growing need, and one that would ultimately help grow his portfolio. Today, he is the CEO of one of the United States’ largest crypto kiosk deployers. To learn more about the company visit the website Cash2Bitcoin.com . The Bitcoin.com News podcast features i

Nonkumbulo Tshombe, an advocate with the Financial Advisory and Intermediary Services (FAIS) Ombud, recently revealed that her office has noted a significant increase in the number of cryptocurrency-related complaints during the 2020/21 financial year. Cryptocurrency Not yet Regulated An advocate with the South African office of the financial services sector ombudsman, Nonkumbulo Tshombe, recently revealed that her organization has recorded a significant increase in the number of crypto-related complaints during the 2020/21 financial year. Despite receiving such complaints, Tshombe is quoted in a report by Moneyweb explaining that her organization could not entertain such inquiries because cryptocurrencies are not yet regulated. “Crypto-assets are not classified as a financial product, which means the product falls outside of this office’s jurisdiction,” explained the advocate. Although South Africa does not yet regulate cryptocurrencies, it has intervened or forced action to be

Elon Musk, CEO of Tesla, has criticized the current state of the metaverse and the Web3 movement, suggesting the latter concept is a “marketing buzzword.” The crypto influencer also posted a video of David Letterman making fun of the early internet in an interview with Bill Gates, and wondered what the future will bring. Musk Skeptical About Current Web3 Movement CEO of Tesla and known crypto influencer Elon Musk has issued his take on the current state of Web3 and the metaverse movement. Musk is skeptical about the validity of the Web3 movement right now, saying he believes it “seems more marketing buzzword than reality right now.” Web3 and metaverse are terms that encompass a group of concepts including blockchain technologies, smart contracts, and decentralized economies whose aim is to create an alternative reality to the one we live in. This concept, which dates from a long time ago, was revived recently by Meta, the company formerly known as Facebook. Meta wants to help shap

“Gravity explains the motions of the planets, but it cannot explain who sets the planets in motion.” – Isaac Newton The Future of the Mars4 Metaverse Will Be Set in Motion by Our Community With that in mind, please allow us to introduce you to one of our first community members and Mars4 investors, an Arab Sheikh, who decided to make a significant and early investment in our project with a purchase of the Super Rare NFT known as Newton – the very first Rare NFT sold on Mars4. This 300km wide southern crater, located in the Terra Sirenum, was named in 1973 after famed physicist Sir Isaac Newton. Everyday more and more people discover the potential of Mars4 NFTs as interactive investments. They are the key building blocks of the red planet metaverse, a world filled with bold in-game attributes that encourage collaboration and resource sharing among land owners and players! Today, we are thrilled to announce the first in a series of major reveals of the Mars4 project with an exclu

In 2021, non-fungible tokens (NFTs) have been extremely popular and have become a billion-dollar industry this year. There’s been a number of NFT marketplaces and collections that have seen a massive number of sales and individual digital collectibles have sold for millions. The NFT hype has also caused significant demand for some of the earliest known NFT collections like Spells of Genesis cards, Curio cards, Bitcorn, Rare Pepe trading cards, and Fake Rares. Older Non-Fungible Token Collections See Fresh Demand Old non-fungible token (NFT) collections are seeing fresh demand after the NFT hype in 2021 exploded. Most people are unaware that NFTs have been around since roughly 2014 when someone created an NFT called OLGA . Following the creation of OLGA, the next year saw the birth of Spells of Genesis (SoG), Terra Nullius V2, Etheria v1.1, and Etheria v1.2. Since the 2021 NFT hype, SoG cards sell for a lot more than they did when the cards first launched. SoG cards are selling fo

The price of bitcoin is down more than 33% from the crypto asset’s all-time high captured about a month ago on November 10. A while back, people expected the price of bitcoin to be extremely bullish during the months of November and December, and many expected a $100K bitcoin price by the year’s end. However, during the last 13 years, more so than not, bitcoin prices are typically bearish in the last two months of the year. The End of 2021’s Bearish Market Sentiment Is a Common Occurrence, Looking at Previous Bitcoin Years There have been a few occasions when BTC had a monumental November and December run in terms of price gains. This year has not been so bullish and people don’t realize that for most of bitcoin’s life, these months have been bearish a majority of the time. For instance, after bitcoin started seeing real-world value and a USD exchange rate in September through November 2010, after November 10, just like this year, BTC ’s price slid from a high of $0.35 per unit to

The cryptocurrency bill that was listed to be taken up in the current session of parliament is reportedly being reworked. The government seeks wider consultation on crypto before finalizing the rules to govern digital currencies in India. Indian Government Seeks More Consultation on Proposed Crypto Legislation India’s cryptocurrency bill is unlikely to be introduced in the current session of parliament. The bill is not on the list of business to be taken up in the last week of the winter session of parliament, Bloomberg reported Monday, noting that the government can still bring in the legislation through an ordinance after the session. The government is still finalizing details of the cryptocurrency legislation, the news outlet noted, citing people with knowledge of the matter. Last week, local media reported that the government is planning to make additional changes to the cryptocurrency bill. The country’s finance minister, Nirmala Sitharaman, recently said that the bill needed

The crypto economy has slid in value 2.9% during the last 24 hours and bitcoin slipped under the $46K price zone on Monday. Furthermore, the top ten digital currencies have lost anywhere between 3% to 7% in value during the last day following bitcoin’s price slide. Top Ten Crypto Coins See More Losses, Crypto Economy Slides Close to 3% in 24 Hours The price of bitcoin ( BTC ) is down 3.7% today and trading for $45,738 per unit at the time of writing. While year-to-date, bitcoin is up more than 90% in value, during the last 30 days BTC shed 21.8%. Currently, BTC has a market valuation of around $864 billion which represents 38.6% of the $2.24 trillion crypto economy. The second-largest crypto asset in terms of market valuation is ethereum ( ETH ) and it has slid 4.4% during the last 24 hours and 8.7% during the last day. At the time of writing, ether is exchanging hands for $3,787 per unit. Ethereum’s dominance today among the rest of the coins in the $2.24 trillion crypto economy

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A cryptocurrency bill introduced in July to the Senate of Paraguay has been approved. The text, which defines several important concepts including virtual assets, and establishes the need for licenses to mine cryptocurrencies, will now advance to the Deputy Chamber to be discussed. Paraguay Could Approve Crypto Law by Next Year A new cryptocurrency bill has taken its first step toward being approved as law in Paraguay. The project, which was introduced in July, was approved in the Paraguayan Senate after a heated discussion, according to reports from its promoter, Senator Fernando Silva Facetti. The politician also stated that the law aimed to: …recognize mining of virtual asset as an industry, [and] establishes the grounds to guarantee access to energy and requirements that guarantee the formalization of an expanding sector. In its body, the legal text includes the definition of virtual assets, tokens, cryptocurrency mining, and virtual asset service providers (VASPs). Furthe

Radioshack, the electronics-associated brand, has announced it will now pivot to a cryptocurrency-centric model. The company informed that its focus will be to “bridge the gap” to bring cryptocurrency into mainstream use. This is the latest iteration in the story of the brand, which was known for offering electronic products at a retail level in the ’70s and ’80s. Radioshack Introduces Defi Business Radioshack, a 100-year-old brand associated with consumer electronic devices and personal computers in the ’70s and ’80s, is now pivoting its operations to a cryptocurrency model, according to data provided by the company. The mission of this new iteration of the company will be to “bring cryptocurrency to the mainstream.” For this, Radioshack will start with launching a decentralized exchange, or a “swap,” to allow its users to exchange currencies for others without having to register in a commercial exchange. The backend for this endeavor, Radioshack explains, will be provided by a p

PRESS RELEASE. BitYard is delighted to announce our integration of 80+ Chainlink Price Feeds to obtain accurate price data in a timely manner within our exchange. By integrating the industry-leading decentralized oracle network, BitYard has access to decentralized price feeds for popular spot trading pairs—with plans to continually add additional feeds over time. Chainlink Price Feeds support BitYard’s existing frameworks by helping ensure that we are offering users more precise and transparent pricing for perfect spot trading executions. BitYard is a leading cryptocurrency exchange that offers crypto asset trading services in over 150 countries worldwide. BitYard has over 300 spot trading pairs, along with CFD, perpetuals, forex, commodities and copy-trading features. The platform simplifies crypto trading for novice investors and offers an easy-to-understand user interface. As a cryptocurrency exchange in the CeFi ecosystem, BitYard experiences price volatility across trading

One of the largest decentralized exchange (dex) platforms in terms of trade volume, Uniswap, has announced that the dex community has approved a governance proposal to support the Polygon blockchain. Uniswap to Support Polygon PoS Blockchain In terms of trade volume, statistics show that Uniswap version three (v3) commands the largest 24-hour trade volume with $1.5 billion swapped during the last day. As far as total-value locked (TVL) in defi is concerned, Uniswap has $8.6 billion on December 19, 2021. That’s the second-largest TVL below Curve Finance’s $21.8 billion TVL. On December 18, the official Uniswap Labs Twitter account notified the public that the Uniswap community has voted to support the deployment of Uniswap v3 contracts on the Polygon (MATIC) network. “The Uniswap community has voted to deploy v3 on Polygon through the governance process. Uniswap Labs will deploy Uniswap v3 contracts within a few days. Stay tuned,” Uniswap Labs said on Saturday. Uniswap has al

India’s minister of state for external affairs says that cryptocurrencies must be blocked if they are used for illegal purposes, such as “to launch cyber-attacks in India, to launch other attacks on India, to do other kinds of illegal and unethical work like drug trafficking.” Meanwhile, the Indian government is reportedly making changes to the crypto bill that is listed to be taken up in the current session of parliament. Indian Minister of State for External Affairs on Cryptocurrency and Crypto Regulation Indian Minister of State for External Affairs Meenakshi Lekhi has reportedly stressed that cryptocurrencies need to be blocked if they are used for illegal means to harm India’s sovereignty and integrity. Lekhi is also India’s current minister of state for culture. She was elected to the 16th Lok Sabha in May 2014 from the Bharatiya Janata Party (BJP). She was reelected to the 17th Lok Sabha in May 2019. Speaking at the sixth Global Technology Summit, jointly organized by the M

An executive with Blockfi says that “this year has been a huge year for mainstream consumer demand into crypto.” Noting that fear of missing out (FOMO) will be a huge driver for investors, the executive expects some regulatory clarity next year. Crypto FOMO Will Drive Investments in 2022 Flori Marquez, Blockfi’s co-founder and senior vice president of operations, discussed the future outlook for cryptocurrency going into 2022 in an interview with Yahoo Finance Live Friday. Founded in 2017, Blockfi was created to provide credit services to markets with limited access to simple financial products. The crypto-focused financial services firm has institutional backing from investors, including Valar Ventures, Galaxy Digital, Fidelity, Akuna Capital, Sofi, and Coinbase Ventures. “It’s been a huge year for crypto,” she began. While acknowledging that the price of bitcoin has dipped slightly, she put it in perspective: “If you look at year over year returns for bitcoin, bitcoin has return

Billionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has shared his investment strategy with cryptocurrency as part of his portfolio. He warned that cash is the worst investment because it is eaten away by inflation. Ray Dalio’s Investment Advice: Cash Is Depreciating, Diversify Portfolio Well Bridgewater Associates founder Ray Dalio shared his investment strategy last week. He currently serves as Bridgewater Associates’ chairman and co-chief investment officer. His firm’s clients include endowments, governments, foundations, pensions, and sovereign wealth funds. In an interview with Yahoo Finance, published Friday, he explained that he views cryptocurrency “as an alternative money in an environment where the value of cash money is depreciating in real terms.” Referring to bitcoin, he opined: I think it’s very impressive that, for the last 10, 11 years, that programming has still held up. It hasn’t been hacked and so on. And it has an adop

A Bank of International Settlements (BIS) executive, Benoît Cœuré, says that crypto is “growing very fast” and ”becoming mainstream in different ways.” Emphasizing that decentralized finance (defi) is a “wake-up call” for financial regulators, he said countries “are likely to agree on a global framework for crypto next year.” BIS Officer Sees Defi as a Wake-up Call for Regulators, Global Policy Expected Next Year Benoît Cœuré, a member of the BIS Executive Committee who is currently head of the BIS Innovation Hub, talked about cryptocurrency, global regulation, and decentralized finance (defi) last week. Cœuré was a member of the European Central Bank (ECB)’s Executive Board and served in various positions at the French Treasury and the French debt management office prior to joining the ECB. He announced Thursday that he has been nominated to lead France’s competition authority. The BIS Innovation Hub chief told the Financial Times that regulators globally have intensified their d

The Central Bank of Russia has reaffirmed its opposition to cryptocurrency investments citing the volatility of the digital assets as a key motive for its conservative stance. Governor Elvira Nabiullina has recently indicated that the regulator has the means to restrict them. Nabiullina Insists Bank of Russia Can Limit Investments in Crypto Assets Russia’s monetary authority does not welcome investments of Russian citizens in cryptocurrencies, the head of the Central Bank of Russia (CBR), Elvira Nabiullina, said during an online press conference this week. She highlighted their volatility and potential use in criminal activity as major reasons for the regulator’s position. The governor also noted Bank of Russia’s stance that the Russian financial infrastructure should not be employed to facilitate cryptocurrency transactions. She stressed that the regulator is capable of implementing restrictions and reiterated the bank’s skepticism towards these assets. Quoted by the business new

The end of 2021 is approaching and the market capitalization of meme-based digital currencies like dogecoin and shiba inu has been extremely prominent this year. In fact, the $46.9 billion worth of meme crypto-assets represents 2% of the $2.32 trillion crypto economy. Dogecoin and shiba inu alone capture roughly 85.28% of the meme crypto market valuation today. Meme-Based Crypto Economy Taps $46 Billion in 2021 It’s been a good year for meme-based crypto assets like dogecoin (DOGE), the OG of meme-based assets, which has seen its market valuation swell by 4,375.9% year-to-date (YTD). Dogecoin is the largest meme-based crypto asset in terms of market capitalization as it commands a valuation of around $22.8 billion on Sunday, December 19. The second-largest meme coin, in terms of market capitalization, is shiba inu (SHIB) . The crypto asset SHIB has gained a whopping 46,960,505.7% against the U.S. dollar YTD. Both of these coins have inspired other meme-based crypto assets to thr

On Sunday, December 19, a dormant address that received 235 bitcoin in 2013 was activated after more than nine years of sitting idle. Bitcoin’s price has dropped lower after reaching its all-time high on November 10, and throughout December, records show a great number of so-called ‘sleeping bitcoins’ have activated during this period. Dormant Addresses Wake up After Years of Slumber The day that bitcoin (BTC) tapped an all-time price high at $69K per unit on November 10, a miner from 2010 spent 1,000 sleeping bitcoins and 1,000 bitcoin cash (BCH) as well. The 1,000 bitcoins stemmed from 20 block rewards mined well over a decade ago in 2010. This same entity spent another 1,000 BTC and 1,000 BCH the following day. Additionally, a single block from 2010, worth 50 BTC or $2.3 million was spent on November 3. During the month of November, a total of 11 block rewards that were ten years old and mined in 2011, were activated and sent to new BTC addresses. That’s a total of 550 BT

SBI Group, the financial services company group based in Tokyo, Japan, has announced the launch of a crypto asset fund that consists of seven different digital currencies. The crypto fund launched by the Japanese company includes bitcoin, ethereum, xrp, litecoin, bitcoin cash, chainlink, and polkadot. SBI Group’s New Crypto Fund Leverages 7 Different Digital Assets Three months ago, SBI Holdings, often referred to as SBI Group revealed the company was planning to launch a crypto asset fund. At the time, SBI said that the new fund would launch at the end of November, but the official launch press release published on December 17. In addition to the press announcement, SBI also published a more detailed summary of the digital currency fund. SBI’s crypto fund consists of bitcoin (BTC) , ethereum (ETH) , polkadot (DOT) , chainlink (LINK) , litecoin (LTC) , xrp (XRP) , and bitcoin cash (BCH) . The financial services company is calling it “Japan’s first cryptocurrency fund for general

The market for crypto mining equipment in Russia has seen strong interest from buyers of both new and used devices, retail data indicates. This year, demand for application-specific integrated circuit (ASIC) machines has multiplied exponentially while video cards have been in short supply leading to rising prices. Crypto Miners in Russia Looking to Increase Computing Power Online retailers have registered a surging demand for mining machines, brand new and second hand, the Russian business daily Kommersant reported. Searches for devices designed to mine bitcoin ( BTC ), or ASICs , on the Russian classifieds site Avito.ru have increased 14 times year-on-year, when supply rose 13 fold. The price of a mining unit averaged 117,900 rubles (almost $1,600). The most sought-after products were Whatsminer ming rigs manufactured by the Chinese manufacturer Microbt , demand for which spiked 23 times. At the same time, searches for Antminers built by the Beijing-based company Bitmain were 11

Invictus Capital has unveiled its first non-fungible token collection, called “Out of Africa,” through the Invictus NFT Lab. Through this collection, Invictus Capital will showcase fine art via blockchain technology as well as connect artists from Africa with the rest of the world. Invictus Capital to Release NFT Collection Blockchain investment platform Invictus Capital recently unveiled its first non-fungible token (NFT) collection. The unveiling, which was done by way of the Invictus NFT Lab, attempts to combine fine art with blockchain technology, and to bring many contemporary digital artists from Africa to a global market. As explained in the It Online report , this project is expected to begin in January with the distribution of NFT posters. In February, an auction for NFT representations of the original, physical artworks will be conducted. Invictus Capital’s decision to unveil the NFTs has won praise from stakeholders in the art space. For instance, Marelize van Zyl, the

Binance has formed a joint venture with a consortium led by Telkom Indonesia’s $830-million venture capital arm. Binance aims “to expand the blockchain ecosystem in Indonesia with the development of a new Indonesian-based digital asset exchange.” Binance Building Cryptocurrency Exchange in Indonesia Blockchain and cryptocurrency infrastructure provider Binance announced Wednesday that it has established a joint venture with a consortium led by Telkom Indonesia’s $830-million venture capital arm, MDI Ventures (MDI). Telkom Indonesia is the country’s largest telecoms company. The aim of the joint venture is “to expand the blockchain ecosystem in Indonesia with the development of a new Indonesian-based digital asset exchange,” the announcement details, elaborating: Binance will provide world-class asset management infrastructure and technology to support the development of the new exchange platform. “Our ambition at Binance is to grow the blockchain and cryptocurrency ecosystem gl

On December 15, FINMA-licensed Swiss bank, Seba, announced the launch of a gold token that can be delivered in physical form, on-demand, at any time from the firm’s partner refineries. Seba believes the token can be leveraged as a compliant stablecoin “backed by responsibly sourced gold.” Swiss Bank Introduces ‘Seba Bank Gold Token’ Backed by Physical Gold Stored at Partner Refineries Switzerland-based crypto bank Seba has introduced a number of new crypto products this year, like adding decentralized finance (defi) tokens to the company’s product lineup. In October, the Swiss bank revealed that customers can earn a yield on crypto holdings in an “institutional-grade” fashion. On Wednesday, Seba revealed its gold token offering that can be traded for physical gold at any time. “The Seba Bank Gold Token is a landmark development in investment products, enabling investors for the first time to own a digital form of physical gold via a fully regulated, cost-effective, and future-pr