Bitcoin News and Finance: What You Need to Know

Last week, the popular Tezos-based non-fungible token (NFT) marketplace Hic et nunc discontinued its services following the market’s rise into the top twenty NFT marketplaces by sales volume. After the market’s founder Rafael Lima stepped back, the community decided to take the project into their own hands and has begun transitioning Hic et nunc into a decentralized autonomous organization (DAO). Tezos Community Bands Together Around NFT Marketplace Mirror On November 14, Bitcoin.com News reported on the Tezos fueled NFT marketplace Hic et nunc shutting down its services. At the time, Hic et nunc’s founder Rafael Lima explained on Twitter that Hicetnunc.xyz was now “discontinued.” The founder’s Twitter handle “ @hicetnunc2000 ” also left a message on social media that shared the market’s smart contract address. At the time, users were extremely confused about the situation and speculation started to rise. Days later, it seems the Hic et nunc has banded together around a clone o...

The beta version of Ethair Market that launched on Monday, November 8th allows sellers to list their items early and get buyers acquainted with the site before their full release. Ethair has no listing fees and is currently available in the U.S & Canada, soon expanding to the other continents. In an effort to entice sellers, Ethair is currently running a giveaway for the first 1,000 sellers to sign up and list an item on the platform. Out of the 1000 entries 10 sellers will be randomly chosen to win $500 each, and have their item displayed in the ‘Featured Listings’ carousel on the home page. Giveaway runs until January 31st, 2022. What makes Ethair special? Ethair Market is focused on improving user’s e-commerce experiences. The platform natively supports transactions made with both cryptocurrency and traditional fiat. Combined with low fees, no insertion costs and plans for future crypto additions, the platform is working hard to stand out from the competition. Ethair offer...

The founder and chief investment officer of Hayman Capital Management, Kyle Bass, has warned that governments will start to really clamp down on bitcoin. He predicts that “intense” crypto regulation will come out of the U.S. Treasury and the Internal Revenue Service (IRS) next year. Fund Manager Expects ‘Intense’ Crypto Regulation Next Year Kyle Bass, founder and chief investment officer of Hayman Capital Management, talked about bitcoin and the outlook for cryptocurrencies in an interview on the Investor’s Podcast Network, published Saturday. Bass is a hedge fund manager who made winning bets on subprime loans in 2007. While acknowledging that “Millennials love private crypto” and “people like to think it’s a perfect substitute or a great substitute for gold and/or an inflation protector,” Bass said: I tend to think that you’re going to see authoritarian governments and Western democracies alike start to really clamp down on bitcoin. He referenced China which has been crackin...

Ripple has published a proposal for a regulatory framework for cryptocurrencies called “A Real Approach to Cryptocurrency Regulation.” CEO Brad Garlinghouse explained that his company’s “proposed policy framework is a three-pronged approach of what can be done now,” noting that it is t he result of Ripple’s “direct interactions with regulators and bipartisan policymakers.” Ripple’s ‘Real Approach to Cryptocurrency Regulation’ Ripple published a proposed regulatory framework for cryptocurrencies Tuesday. The proposal is the company’s “vision for how existing financial regulatory frameworks can be used to advance innovation and enhance consumer and market protections,” Ripple detailed, elaborating: Today, we were proud to release our vision for ‘A Real Approach to Cryptocurrency Regulation,’ a framework designed to offer an immediate and pragmatic approach to cryptocurrency and digital asset regulation in the United States. The company explained that it believes “the best public p...

Cryptocurrency exchange Binance has called for “global regulatory frameworks for crypto markets.” The company has also launched a “Crypto Is Evil” ad campaign featuring “10 Fundamental Rights for Crypto Users.” Binance Pushes for Global Crypto Regulation, Introduces ‘Crypto Is Evil’ Ads Cryptocurrency exchange Binance called for “global regulatory frameworks for crypto markets” Tuesday with a publication of “10 Fundamental Rights for Crypto Users” and several crypto ads in major newspapers. The 10 Fundamental Rights for Crypto Users “can serve as a guiding hand in regulatory discussions and development of global frameworks for crypto markets,” the company explained. The exchange believes that they “will serve as a guiding point to launch more productive conversations with the larger industry, including other exchanges, blockchain innovators, policymakers and world leaders.” Noting that “The future of crypto needs to be user-focused,” Binance detailed: The customer rights, as des...

The U.S. Department of Justice (DOJ) is selling cryptocurrency worth $56 million that was seized from the “number one promoter” of Bitconnect, the largest crypto fraud scheme ever charged criminally. Investors were fraudulently induced to invest over $2 billion. The Bitconnect promoter faces a maximum penalty of 20 years in prison. US Selling Crypto Worth $56M Seized From Bitconnect’s ‘Number One Promoter’ The U.S. Department of Justice announced Tuesday that it is selling $56 million in seized cryptocurrency to compensate victims of the Bitconnect fraud scheme. The Justice Department noted that “The Bitconnect scheme is the largest cryptocurrency fraud scheme ever charged criminally.” U.S. District Judge Todd W. Robinson granted a request from the DOJ and the U.S. Attorney’s Office for the Southern District of California on Friday “for authority to liquidate approximately $56 million in fraud proceeds seized from the self-described ‘number one promoter’ of Bitconnect, a cryptocurr...

PRESS RELEASE. Shopping.io , an innovative crypto e-commerce platform, announces its first ever Crypto Tuesday event, taking place on Tuesday, November 30, 2021. Crypto Tuesday is the first-of-its kind discount event that happens online through the Shopping.io platform right after Black Friday and Cyber Monday. Shopping.io is an innovative way for consumers to shop for anything they want from Amazon, eBay, Walmart and Etsy using over 200+ Cryptocurrencies with international shipping. For this Crypto Tuesday event, everything purchased through the Shopping.io platform will have up to a 50% discount. How Does it Work? To participate in the event, users will need to make an account on the platform (Also a free account is available). For the Crypto Tuesday event, users will be able to spin the Fortune Wheel at check out and win 5% to 50% off their shopping cart. Users can shop for anything they want from Amazon, eBay, Walmart, Home Depot, and Etsy using the platform, and pay using ...

On Tuesday, one of the Big Four accounting organizations, Deloitte announced a strategic partnership with Ava Labs, the team behind the blockchain network Avalanche. According to the announcement, Deloitte’s new cloud-based platform leverages Avalanche in order to “improve security, speed and [the] accuracy of Federal Emergency Management Agency reimbursements.” Deloitte to Utilize Avalanche Protocol to Enhance Newly Launched Close as You Go Platform During the last few years all four of the Big Four accounting networks, PWC, Ernst & Young (EY), KPMG, and Deloitte have been involved in blockchain consulting, research, and development. On November 16, Deloitte announced a strategic alliance with Ava Labs in order to “improve state and local governments’ recovery from natural disasters and public health emergencies.” The Avalanche blockchain will be leveraged to improve the firm’s new cloud-based solution. According to Deloitte, the company’s newly launched Close As You Go (CAY...

Inflation has continued to make the price of goods and services in America rise as the U.S. dollar’s purchasing power is not what it used to be. Meanwhile, the Obama administration’s former economic advisor, Larry Summers, recently told the press that “We’re going to see inflation of a kind we haven’t seen in 30 years.” Despite the gloomy forecasts, the White House doesn’t believe these predictions and U.S. Treasury secretary Janet Yellen is blaming inflation on the Covid pandemic. Former Economic Advisor for Obama Predicts Red Hot Inflation Will Rise Higher — White House Rejects Idea Infrastructure Funds Will Keep Inflation Going Americans are forking over more and more dollars to pay for gas, rent, homes, food, healthcare supplies, medicine, vehicles, and more, ever since the U.S. government expanded the money supply like at no other time in history. President Joe Biden seems to think that the trillion-dollar infrastructure bill will help alleviate inflation even though economis...

At least three Federal Reserve governors have said that they do not see a reason for the Fed to issue a central bank digital currency (CBDC). The Fed is currently putting together a report on a digital dollar to be released in the near future. Fed Governors Doubt Need for Digital Dollar Federal Reserve Governor Michelle Bowman said last week that she does not see much of a reason for the Fed to issue a U.S. central bank digital currency given the safety and efficiency of the U.S. payment system. She said: I’m not really sure that I understand or see the business case for creating it. The Fed is currently putting together a report discussing the pros and cons of issuing a digital dollar. The report is expected to be released soon. Another Federal Reserve governor who is skeptical about the Fed issuing a digital dollar is Randal Quarles. He said on Oct. 20 at a Milken Institute conference that he does not understand the arguments in favor of issuing a central bank digital currenc...

Cryptocurrency markets have dropped significantly in value during the last 24 hours as the entire market capitalization of all 10,000 crypto assets in existence has dropped below the $3 trillion mark to $2.77 trillion on Tuesday morning (EST). After tapping $66K on Monday, bitcoin’s price slid below the $60K handle to a low of $58,563 per unit. After the steep fall, bitcoin’s price has recovered some losses, rising back above the $60K range and has started to show some consolidation. Bitcoin, Ethereum, Top Cryptos See Double-Digit Losses in 24 Hours Digital currencies are down in value on Tuesday as the market capitalization of the entire crypto-economy shed billions during the last 24 hours. Bitcoin ( BTC ) is down 7.5% during the last day and has fallen 10.2% for the week. At the time of writing, BTC is swapping for $60,563 per unit and has an overall market valuation of $1.14 trillion. BTC has $48 billion in 24-hour trade volume on Tuesday and 52.43% of those trades are paired...

PRESS RELEASE. November 2021, leading Crypto service comparison site – Cryptowisser, announces its annual Crypto exchange graveyard . The list serves as the only existing extensive database for “dead” cryptocurrency exchanges. Over the last year many exchanges have been victim to regulatory regulations, hacking, and a highly competitive growing market. Six exchanges from the detailed report were even closed down due to the actual exchange being a scam. It was another rough year for crypto exchanges as nearly 80 exchanges bit the dust, but why are more and more exchanges dying despite the booming crypto market and continued acceptance into mainstream economics? The Regulatory Kiss of Death As the market grows and crypto becomes more widely accepted, nations and governments are forced to bend the knee to find ways of accepting cryptocurrency and with that comes regulations. Whether the said government enforces stricter regulations or bans crypto altogether, there are several potenti...

Indian Prime Minister Narendra Modi has reportedly chaired a comprehensive meeting on cryptocurrency and related issues in India. The meeting was an outcome of a consultative process involving the central bank, the Reserve Bank of India (RBI), the Ministry of Finance, and the Home Ministry. PM Modi Chairs Crypto Meeting India’s Prime Minister Narendra Modi reportedly chaired a very comprehensive meeting on cryptocurrency and related matters Saturday. ANI News reported, citing government sources: Today’s meeting chaired by PM Narendra Modi on the way forward for cryptocurrency and related issues was a very comprehensive one. ”It was strongly felt that attempts to mislead the youth through over-promising and non-transparent advertising be stopped,” the publication added. The meeting “was also an outcome of a consultative process as RBI [the Reserve Bank of India], Finance Ministry, and Home Ministry had done an elaborate exercise on it as well as consulted experts from across the...

On Monday, the sports and entertainment collectibles giant Topps announced the launch of non-fungible tokens (NFTs) based on the firm’s classic science fiction-themed trading card series Mars Attacks. The limited-edition NFT collection will be hosted on the NFT platform Curio and will “mark Mars Attacks’ introduction into the blockchain.” Topps Launches NFTs Dedicated to the 1962 Hit Collectible Trading Card Series Mars Attacks Following the influx of NFTs Topps has released, such as digital MLB trading cards , Garbage Pail Kids collectibles, Godzilla vs. Kong blockchain assets, and Bundesliga NFTs, the company has announced the first Mars Attacks NFT collectibles. Mars Attacks is a series of science fiction-themed trading cards Topps published in 1962. The cards were drawn by Norman Saunders and Wally Wood and they essentially tell a story about Martians who invade earth, but aliens are also ruled by a tyrannical government. The cards grew very popular during the Cold War and som...

Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that cryptocurrency is getting closer to posing a threat to global financial stability due to the sector’s rapid growth. Crypto is also being integrated into the traditional financial system at a rapid rate. He urges regulators to take action now. Bank of England’s Jon Cunliffe Warns Crypto Is Closer to Becoming a Threat to Global Financial Stability Sir Jon Cunliffe, Bank of England’s deputy governor for financial stability, talked about bitcoin and cryptocurrencies in general on BBC’s Today program Monday. He warned that cryptocurrencies, including bitcoin, are getting closer to becoming a threat to global financial stability due to their rapid growth. Cunliffe said: My judgement is they’re not, at the moment, a financial stability risk, but they are growing very fast, and they’re becoming integrated more into what I might call the traditional financial system. The Bank of England official...

PRESS RELEASE. INTERNET CITY, DUBAI, Nov. 15, 2021 – LBank Exchange, a global digital asset trading platform, will list LMCSWAP (Limocoin Swap) on November 15, 2021. For all users of LBank Exchange, the LMCSWAP/ USDT trading pair will be officially available for trading at 21:00 (UTC+8) on November 15, 2021. In the ever-evolving African continent, blockchain technology and crypto are changing its economic landscape dramatically. Limocoin Swap (LMCSWAP) is a token created to allow, by the principle of crypto assets, the evolution of market solutions. The LMCSWAP token will be listed on LBank Exchange at 21:00 (UTC+8) on November 15, 2021, to further expand its global reach and help it achieve its vision. Introducing Limocoin Swap Limocoin Swap is based on a strong community built in four years by one of the subsidiaries of the parent company SIMTREX COMMERCIAL BROKERS LLC, GIT S.A. The premium product Liyeplimal is a private investment tool in the cryptocurrency industry, through ...

The CEO of the world’s largest movie exhibition company, AMC Entertainment, says that payment service provider Bitpay has agreed to support the meme cryptocurrency shiba inu (SHIB) at his request. AMC will be able to accept shiba inu crypto for payments within the next few months. AMC Says Bitpay Agrees to Support Shiba Inu: SHIB to Be Accepted for Payments at AMC Soon AMC CEO Adam Aron announced Monday evening that AMC will soon be able to accept the meme cryptocurrency shiba inu (SHIB). AMC is the largest movie exhibition company in the U.S., Europe, and the world. As of March 31, the company owned or operated about 950 theaters and 10,500 screens globally. He tweeted that crypto payment service provider Bitpay has decided to support shiba inu specifically because he asked them to. Therefore, AMC will be able to take SHIB for online payments of movie tickets and concessions in about 60 to 120 days. Aron added that AMC Theatres is set to become the first Bitpay client to accept sh...

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says that he has never shorted any cryptocurrency. He further warned that the current bubble is the biggest one. Michael Burry on Bubbles and Shorting Cryptocurrencies Famous investor and founder of private investment firm Scion Asset Management, Michael Burry, has confirmed on Twitter that he has never shorted cryptocurrency. Burry is best known for being the first investor to foresee and profit from the U.S. subprime mortgage crisis that occurred between 2007 and 2010. He is profiled in “The Big Short,” a book by Michael Lewis about the mortgage crisis, which was made into a movie starring Christian Bale. He tweeted Sunday: I’ve never shorted any cryptocurrency. This is my third bubble, and the biggest. I’ve learned a thing or two. 30 year Treasuries on the other hand… In October, he said, “I believe that cryptocurrencies are in a bubble.” However, he clarified in an interview with CNBC that h...

Investment firm Paradigm has launched a $2.5 billion venture fund to invest in the next generation of crypto companies and protocols. The firm believes that the “new fund and its size are reflective of crypto being the most exciting frontier in technology.” $2.5 Billion Fund for Crypto Industry Investment firm Paradigm announced Monday the launch of a $2.5 billion venture fund to invest in the next generation of crypto companies and protocols. Matt Huang and Fred Ehrsam, who co-founded Paradigm in 2018, explained: Our conviction in these beliefs has only strengthened over the past three years, and we are pleased to announce a new $2.5 billion venture fund to continue investing in the next generation of crypto companies and protocols. “This new fund will invest alongside our existing flagship fund across all stages and geographies,” they noted. Ehrsam also co-founded the Nasdaq-listed crypto exchange Coinbase. Huang was previously a partner at Sequoia Capital focusing on early-s...

PRESS RELEASE. SEYCHELLES, 15 November 2021 – CoinFLEX , leading crypto exchange and yield platform, has partnered with Copper.co, a global digital asset custodian and trading solutions provider by integrating with their ClearLoop instant settlement trading network. The partnership expands CoinFLEX’s crypto yield products to more institutional investors globally, starting with flexUSD, the world’s first interest-earning stablecoin. This partnership will help accelerate flexUSD to a US$1 billion market cap by Q1 2022. flexUSD is currently paying 16% APY and has distributed $11 million in interest to holders over the past 12 months. The partnership will enable Copper’s 300+ institutional asset managers to trade flexUSD on CoinFLEX while securely storing their assets offline and off the exchange. The integration with ClearLoop adds an extra layer of regulatory assurance for institutional investors, while providing more crypto trading options to Copper’s clients. ClearLoop connects e...

While bitcoin’s value has remained well above the $60K range, the network’s hashrate has surged to over 184 exahash per second (EH/s) as mining devices are far more profitable at these prices. The price has made it so that older generation mining devices manufactured over four years ago, with processing power of more than 8 terahash per second (TH/s), can make a daily profit mining the leading crypto asset. Bitcoin Hashrate Follows Ethereum’s Hashrate Toward All-Time Highs On November 15, 2021, Bitcoin’s hashrate climbed to 184 EH/s gathering 17.19% more hashpower than the network saw a mere two days ago on November 13 . Bitcoin’s (BTC) hashrate is getting close to nearing its all-time high (ATH), which was recorded on May 9, 2021, at 191 EH/s. Today’s Bitcoin hashrate metrics show that the hashpower is only 3.8% away from surpassing its ATH, according to coinwarz.com data. In addition to BTC ’s hashrate nearing ATH, the second-largest crypto asset in terms of market valuation, e...

During the last week, mainstream media outlets have been publishing reports that say “Bitcoin’s creator Satoshi Nakamoto could be unmasked at [a] Florida trial.” Alongside this, the name “Satoshi Nakamoto” has been trending in people’s discussions on social media for the last few days as well. The Internet Is Buzzing Over Conversations Concerning Bitcoin’s Mysterious Creator Last week, the long-awaited Kleiman v. Wright trial started in Florida and the court case has sparked significant interest from mainstream media publications like Fox News , the Daily Mail , and the Wall Street Journal . Vertical trends on Twitter also indicate that the name “Satoshi Nakamoto” has been in the midst of many conversations this week. Since October 2, interest in Bitcoin’s creator has increased 48.71%, according to Google Trends’ search query score for the topic “Satoshi Nakamoto.” The aforementioned media publications have been asserting in a few editorials that the Florida trial could uncover t...

India’s parliamentary committee on finance has held a meeting with representatives from the crypto industry and other stakeholders on cryptocurrency and its oversight. “There was an understanding that cryptocurrency can’t be stopped but it must be regulated” and “There was a consensus that a regulatory mechanism should be put in place to regulate cryptocurrency.” First Parliamentary Meeting Dedicated to Crypto With Stakeholders and Industry Experts India’s Standing Committee on Finance held a meeting with representatives from the crypto industry Monday. This was India’s first-ever parliamentary discussion of the broad subject of crypto finance involving the industry. According to a notice posted by Lok Sabha Secretariat, the official agenda of the meeting circulated to members of parliament was to hear the views of associations and industry experts “on the subject of ‘cryptofinance: opportunities and challenges.’” The meeting was chaired by BJP’s Jayant Sinha. Sinha told news agen...