Bitcoin News and Finance: What You Need to Know

The Botswana government is set to present a “Virtual Asset Bill” to the country’s parliament, a move that could see it become one of the first countries in Africa to have laws regulating cryptocurrencies. Preventing the Proliferation of Risks Associated With Cryptos A Botswana government draft document that proposes to regulate new and developing virtual assets businesses, as well as to provide a regulatory body with its functions and powers, is now set to be presented before the country’s lawmakers, a recent government gazette has shown. The planned presentation of the Virtual Asset Bill alongside other bills such as the Financial Intelligence Bill comes just over two months after the country’s central bank warned residents engaged in cryptocurrency trading that Botswana does not have a regulatory framework to govern such trading. Yet, in the draft that was published in the Extraordinary Government Gazette on December 23, Botswana authorities suggest they are not only seeking t...

Trading platform Robinhood has begun rolling out crypto wallets to 1,000 customers. Users can send and receive their cryptocurrencies from Robinhood to external crypto wallets, the company explained, adding that by March, 10,000 customers will be testing the wallets before rolling out to the rest of the waitlist. Robinhood Lets 1,000 Customers Test Its Crypto Wallets Popular trading platform Robinhood announced Thursday that its “crypto wallets beta program” is now live. The announcement details: Starting today, we’ll begin rolling out crypto wallets to 1,000 customers from the top of the wallets waitlist (subject to owning an external wallet for testing and some safety checks). “By March, we will expand the program to 10,000 customers before rolling out to the rest of the Wenwallets waitlist,” the announcement adds. The company explained that in the beta testing phase, its customers can send and receive their cryptocurrencies from Robinhood to external crypto wallets. There is...

The mayor of New York City, Eric Adams, has received his first paycheck in bitcoin and ether via Coinbase. “Promise made, promise kept,” the mayor said, referring to his promise to take his first three paychecks in cryptocurrency. Mayor of New York City Takes Paycheck in Cryptocurrency With the Help of Coinbase New York City Mayor Eric Adams has made good on his promise about getting paid in bitcoin. In a video he posted on Twitter Thursday, the mayor said: Promise made, promise kept. Took my first check in bitcoin and ethereum. “This is a reason to highlight. New York must be the center for innovation and new ideas. I want my young people to thrive in every industry,” the mayor emphasized. The official website of the city of New York also announced Thursday that Mayor Adams will “receive [his] first paycheck in cryptocurrency.” The mayor’s first paycheck “will automatically be converted into cryptocurrency via Coinbase … before funds are made available,” the announcement deta...

Autograph, the NFT agency co-founded by famous NFL player Tom Brady, has raised $170 million in its series B funding round. The company revealed that the funding round was led by Andreessen Horowitz and Kleiner Perkins, with the participation of other notable companies in the field. The funds raised will contribute to the expansion of the company with new, undisclosed partnerships reportedly on the way. Autograph Raises $170 Million Autograph, the NFT firm that NFL star Tom Brady co-launched last year, has raised $170 million in its latest funding round. The Series B was led by two companies: a16z and Kleiner Perkins, with the participation of Katie Haun’s new fund and Lightspeed partner Nicole Quinn. This marks a milestone for the startup, which raised $35 million in its Series A funding round, reaching a valuation of $700 million at that time. The company did not disclose its new valuation this time. Tom Brady, co-founder of the platform, was very optimistic about the future of...

The creators of the Flow blockchain network and NBA Top Shot, Dapper Labs, announced the launch of a new non-fungible token (NFT) compilation called “UFC Strike.” According to Dapper Labs, the new NFTs will launch on Sunday, January 23, and feature “amazing displays of striking and grappling from UFC fighters.” MMA Entertainment Giant Partners With Dapper Labs to Introduce ‘UFC Strike’ NFT Collection Since 1993, the American mixed martial arts (MMA) promotion company Ultimate Fighting Championship (UFC) has grown to be one of the world’s most popular sports firms. According to the UFC, it has more than 625 million fans worldwide and broadcasts events on television to 900 million households across roughly 175 countries. In recent times, the MMA entertainment firm has been interested in crypto and blockchain solutions, as it partnered with Crypto.com during the first week of July 2021. Following the partnership announcement, UFC revealed the MMA company’s first NFT collection that ...

PRESS RELEASE. INTERNET CITY, DUBAI, Jan. 21, 2022 – LBank Exchange , a global digital asset trading platform, will list STEP on January 21, 2022. For all users of LBank Exchange, the STEP/ USDT trading pair will be officially available for trading at 21:00 (UTC+8) on January 21, 2022. While being used to revolutionize the financial world, crypto can also be used to revolutionize the way for people to keep fit and healthy. As a revolutionary mobile App, Step makes it possible to get rewarded with cryptocurrency when working out and staying fit. Its native token STEP will be listed on LBank Exchange at 21:00 (UTC+8) on January 21, 2022, to further expand its global reach and help it achieve its vision. Introducing Step Step is a revolutionary mobile App that lets its users earn crypto for their fitness efforts. With Step, it’s easy to get fit and earn crypto at the same time, like a gym membership that pays back for every step taken. The mobile App tracks users’ steps and pay out...

True to its hardline stance on decentralized digital money, the Central Bank of Russia is now pushing for a wide-ranging ban on crypto-related activities such as issuance, exchange, and mining. A consultation paper published by the regulator cites threats to financial stability and citizens’ wellbeing among the main reasons for the proposed restrictions. Russia’s Central Bank Seeks Public Opinion on Restrictive Crypto Policy The monetary authority of Russia is advocating a ban on an array of crypto activities in a report titled “Cryptocurrencies: Trends, Risks, Measures.” The document was published Thursday and the regulator awaits comments and suggestions on its contents until March 1. In the paper, the Central Bank of Russia ( CBR ) acknowledges the rapid growth of the global crypto market in the past year as well as the annual $5 billion in crypto transactions made by Russians. At the same time, the bank points out that the growth in value is determined mainly by speculative de...

Indian government officials reportedly said that India’s cryptocurrency bill will require more time because crypto is a complex subject. The bill is therefore unlikely to be introduced in the upcoming session of parliament. The government reportedly wants to hold more discussions to build a consensus on a regulatory framework for crypto. Crypto Bill Unlikely to Be Introduced in the Budget Session of Parliament The Indian government may not introduce a cryptocurrency bill in the upcoming session of Parliament, the Economic Times reported Wednesday. The government wants to hold more discussions and build consensus on the regulatory framework for cryptocurrency, the publication conveyed, citing unnamed government officials with knowledge of the matter. A senior finance ministry official told the publication: The crypto bill may not be introduced in the budget session. It is a complex subject. This will require more time. A cryptocurrency bill was listed to be considered in the win...

JPMorgan has told its clients that ethereum is losing ground to rival cryptocurrencies, such as solana (SOL), in the non-fungible token (NFT) market due to sky-high transaction fees on the network. “It looks like, similar to defi apps, congestion and high gas fees has been inducing NFT applications to use other blockchains,” said JPMorgan. Ethereum Losing Ground in NFT Market, Says JPMorgan Global investment bank JPMorgan sent a note to clients last week explaining that ethereum is losing ground to rival cryptocurrencies, such as solana (SOL), in the non-fungible token (NFT) market. JPMorgan’s analysts, led by Nikolaos Panigirtzoglou, detailed that high gas fees and congestion have pushed NFT apps away from the Ethereum network. The analysts noted that Ethereum’s NFT volume share has fallen from 95% at the start of 2021 to around 80%. Comparing NFT apps to decentralized finance (defi) apps, Panigirtzoglou wrote: It looks like, similar to defi apps, congestion and high gas fees h...

The host of Mad Money, Jim Cramer, has warned about dogecoin (DOGE). He said that the meme cryptocurrency is a security and will be regulated. He also questioned the supply of dogecoin. Jim Cramer’s Dogecoin Warning Jim Cramer, the host of CNBC’s Mad Money, warned about investing in dogecoin (DOGE) Thursday. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website. “Please be careful with dogecoin,” he tweeted, adding that the meme cryptocurrency “is a security” and “will be regulated.” In addition, he wrote: “We will find out how many there are and how many are being created each day to make money for the exchanges.” Cramer’s comment about the popular meme coin, which also aired on CNBC Thursday, has drawn a lot of attention on Twitter. Many people disagreed with Cramer. Some expressed to the Mad Money host that dogecoin is not a security, questioning how he came to the conclusion that it is. Some people slammed Cramer for his la...

The Pakistan Telecommunication Authority has been requested to ban more than 1,600 crypto websites by the Federal Investigation Agency (FIA). The action followed a complete crypto ban recommendation by the central bank, the State Bank of Pakistan (SBP). Meanwhile, the country’s science minister said that the government intends to “regularize” crypto in the country. Pakistan’s FIA Taking Action Against Crypto Websites, Backing Central Bank’s Crypto Ban Recommendation Pakistan’s Federal Investigation Agency (FIA) has written to the Pakistan Telecommunication Authority (PTA) requesting the telecom regulator to block access to more than 1,600 crypto trading websites, Samaa TV reported Tuesday, citing FIA Director Babur Bakht Qureshi. The director first revealed his intention to approach the Telecommunication Authority about blocking some crypto websites last week. He claims that cryptocurrency is being used for money laundering. In addition, “Qureshi revealed that a list of individua...

Mars4 is a multi-tiered project that combines NFTs, Crypto and an immersive survival game together. Through mars4.me , we give you a window to a virtual Mars and a host of investment opportunities via the world’s first revenue-generating NFT. The sale of Mars4 NFTs raised over $250K in a day and saw land plots sell swiftly. Now is the right time to think about becoming a Mars landlord and the profit it will bring in the near future. Epochs: Tiered Crypto Returns Mars4 NFTs represent geographically-exact plots of land across the face of Mars, created with data from NASA and other space agencies, to be fully realised in modern 3D graphics. The Mars4 NFTs are released as part of our Epoch system that uses a scarcity model to establish its pricing. The Epoch system is a tiered system that rewards our investors in stages that see better returns the earlier one decides to invest. To familiarise you with the Epoch system, we have provided greater detail below: Investors who have purcha...

Indians visited crypto scam websites nearly 10 million times last year, according to blockchain data analytics firm Chainalysis. The top crypto scam sites alone were visited 4.6 million times by Indian users. Millions of Indians Visit Crypto Scam Sites Indians visited scam crypto websites in droves over the past years, according to data from blockchain analytics firm Chainalysis. The firm found that Indians visited cryptocurrency scam websites 9.6 million times last year. In 2020, the figure was much higher. Crypto scam websites were visited 17.8 million times by Indian users. The top cryptocurrency scam websites visited the most by Indians over the past year, according to Chainalysis, were coinpayu.com, adbtc.top, hackertyper.net, dualmine.com, and coingain.app. The top five crypto scam sites alone received 4.6 million visits from India last year. Indian authorities have been working on several cryptocurrency scam cases. Earlier this month, the country’s Enforcement Directorate ...

On January 20th, CropBytes, the four-year-old metaverse farming game, is launching the brand new terrain with immersive 3D graphics. The new version upgrade greatly improved the already cute graphics of the game and brought a fresh feeling that adapts to the latest game aesthetics on mobile devices. What’s more, it keeps all the fun! Introduction The farm simulation game CropBytes was launched in 2018 and has quickly become one of the most immersive crypto gaming experiences with a global game community, surpassing 400,000 organic downloads. The NFT game is available on both the Apple and the Google app stores for Android and IOS users. CropBytes gameplay is a simple but intricately designed playscape ripe for creating a stable & sustainable economy. For the team behind the game, it was essential to focus on sustainable economics, which helped build a long-term game for crypto players. CropBytes was created with an emphasis on the economics of the game beyond the bull run. M...

China’s central bank digital currency now has 261 million unique users, according to an official of the central bank, the People’s Bank of China (PBOC). Furthermore, transactions worth 87.5 billion yuan ($13.78 billion) have been made using the digital yuan and more than 8 million merchants now accept e-CNY. China’s Central Bank Digital Currency Growing in Adoption Zou Lan, head of financial markets at the People’s Bank of China (PBOC), provided an update on the country’s central bank digital currency (CBDC), the digital yuan, at a press conference Tuesday. According to the PBOC official, e-CNY had 261 million unique users at the end of 2021, and transactions worth 87.5 billion yuan ($13.78 billion) have been made using the Chinese central bank digital currency. In addition, more than 8 million merchants now accept the digital yuan. China’s central bank has been actively testing its digital currency, also known as Digital Currency Electronic Payment (DCEP), in various cities over ...

Payments giant Mastercard has partnered with cryptocurrency exchange Coinbase to make non-fungible tokens (NFTs) more accessible to everyone. Mastercards can be used to make purchases on Coinbase’s upcoming NFT marketplace. Mastercard Partners With Coinbase Payments giant Mastercard and cryptocurrency exchange Coinbase independently announced their partnership Tuesday. Mastercard stated that the company is “Making it easier for everyone to buy NFTs,” elaborating: We’re excited to announce today that we’re partnering with Coinbase to let people use their Mastercard cards to make purchases on Coinbase’s upcoming NFT marketplace. “Getting more people involved safely and securely is perhaps the best way to help the NFT market thrive,” the payments giant noted, elaborating: Mastercard sees even greater potential for NFTs’ underlying tech to go beyond art and collectibles into many more areas. Coinbase announced in October last year that it is launching an NFT marketplace. The com...

Anatoly Aksakov, head of the Financial Market Committee at the Russian parliament, has reiterated a warning for cryptocurrency investors and insisted that Russians owning coins should declare their digital assets. The parliamentarian also urged for the comprehensive regulation of crypto mining and taxation. Aksakov Warns Russian Crypto Investors They Can Lose Everything Russians have put 5 trillion rubles (around $67 billion) into crypto and some of them may lose everything as cryptocurrencies are not backed by anything, Anatoly Aksakov, a deputy with a key role in the regulation of Russia’s crypto space, has recently stated. Many of these people are non-qualified investors and as such, pyramid schemes are likely to occur, added Aksakov who heads the Financial Market Committee at the State Duma , the lower house of parliament. Repeating previously issued warnings in an interview with the parliamentary Duma TV channel, the Russian lawmaker emphasized that there is no stability in t...

In our view, blockchain technology and non-fungible tokens (NFTs) present a perfect tool to revolutionize the traditional Fine Art industry, to the benefit of both artists and collectors. With this in mind, the Invictus NFT Lab’s inaugural Out of Africa collection aims to blaze the trail by facilitating, via the Ethereum blockchain, the sale of a professionally-curated collection of 118 unique physical artworks from Southern Africa’s top artistic talent. Throughout history, major socioeconomic change has largely only taken place as new generations displace older generations that are more set in their ways. Often these changes are necessitated or enabled by technological development. For Millenials and Gen Z, growing up in a period that has seen computers, the internet and smartphones revolutionize our way of life has left these generations to look with skepticism at many traditional institutions that have failed to adapt. The world of Fine Art is a sphere that is dangerously at ri...

Crypto.com, a leading cryptocurrency exchange, experienced an incident on January 17 when some of its users reported strange activity in their accounts. The exchange acknowledged the event, and conducted an investigation immediately after, declaring that all funds were safe. However, reports from security and blockchain auditing firms Certik and Peckshield indicate that some funds were removed from exchange wallets. Crypto.com Suspends Withdrawals After Suspicious Activity Reported Crypto.com, a cryptocurrency exchange, suspended normal withdrawal operations after customers reported having experienced suspicious activity regarding their accounts. In its first statements, the exchange told customers that all funds were safe. The reports led to an enhancement in the security measures applied to access the accounts, with all customers having to sign back into their accounts. Also, the two-factor authentication (2FA) for all accounts had to be reset. Some customers complained about n...

The U.K. government has announced plans to impose new rules on cryptocurrency ads to ensure they are fair, clear, and not misleading to consumers. The rules will be enforced by the Financial Conduct Authority (FCA). UK to Impose New Rules on Crypto Ads The U.K. government announced Tuesday plans to impose new rules on cryptocurrency advertisements to “protect consumers from misleading claims.” The announcement states: New rules will increase consumer protection while encouraging innovation. The U.K. chancellor of the exchequer, Rishi Sunak, commented: “Crypto assets can provide exciting new opportunities, offering people new ways to transact and invest – but it’s important that consumers are not being sold products with misleading claims.” The new rules will bring the promotion of crypto assets within the scope of financial promotions legislation to ensure they are “fair, clear, and not misleading,” the government explained, elaborating: This means the promotion of qualifying...

Crypto exchange Binance is launching a new exchange in Thailand after the country’s Securities and Exchange Commission (SEC) filed a complaint against the company for operating without a license. Binance has now signed an agreement with Gulf Energy Development, a Thai public company, to establish a crypto exchange in Thailand. Binance and Gulf Energy to Establish a Crypto Exchange in Thailand Gulf Energy Development, a Thai public company, notified the Stock Exchange of Thailand (SET) Monday that its wholly owned subsidiary Gulf Innova has entered into a Memorandum of Understanding with Binance Group “to jointly study avenues for the development of digital asset exchange and related business in Thailand.” The company added that it “foresees rapid growth in digital infrastructure in Thailand as the economy increasingly becomes driven by innovation and technology, with digital assets and related technology playing a prominent role in improving efficiency of financial infrastructure i...

The reigning UFC Heavyweight Champion Francis Ngannou has announced the mixed martial artist has partnered with the payments firm Cash App and plans to take half of his UFC 270 purse in bitcoin. Ngannou told his 620,100 Twitter followers that he believes “bitcoin can empower people everywhere.” ‘Bitcoin Is the Future and I’m a Believer’ — Mixed Martial Arts Champ Francis Ngannou to Take Half of His Purse in Bitcoin On January 18, 2022, the Ultimate Fighting Championship (UFC) Heavyweight Champion Francis Ngannou explained that the fighter plans to get half of his UFC 270 purse paid in bitcoin ( BTC ). UFC 270: Ngannou vs. Gane will debut on Saturday, January 22, 2022, as the ‘Predator’ Ngannou will face the mixed martial artist ‘Bon Gamin’ Ciryl Gane. The knockout artist Ngannou will defend his title at the Honda Center in Anaheim, California. The French Cameroonian mixed martial artist will join the likes of athletes like Russell Okung, Odell Beckham Jr, and Aaron Rodgers choosi...

The use of bitcoin as a digital currency for payments has gone down significantly, according to the numbers stemming from Bitpay, one of the leading cryptocurrency payments processors. While most of the purchases were made with bitcoin back in 2020, this dominance has dwindled, opening the space for other tokens and currencies, such as ethereum and stablecoins, to enter the crypto payments arena. Bitcoin Use for Payments Diminished in 2021, Bitpay States Bitcoin’s use as digital payments currency has dwindled since 2020. This was the conclusion that Bitpay, one of the leading cryptocurrency-based payment processors, had when reviewing the numbers the market left them last year. Bitpay told Bloomberg that the dominance of bitcoin for purchases in its platform went down from 93% during 2020, to 65% in 2021. This loss of almost a third of its dominance has to do with the entrance of other currencies into the payment arena. The rise of stablecoins and the popularity that some meme coi...

According to new data from Linkedin, a professional work-based social network, the number of cryptocurrency-related job postings soared in 2021. The increase was even higher than the general increase in tech-related job postings. The nature of these posts is also diversifying, with various industries requiring people with crypto know-how. Linkedin Says Crypto Jobs Are on the Rise An analysis of the cryptocurrency jobs sector made by the work-based social network Linkedin found that cryptocurrency job postings soared in 2021 even when compared to other growing fields. The company stated that job postings including the words “ethereum,” bitcoin,” and “cryptocurrency” grew almost 400% in 2021 when compared to the year before. The field outgrew even tech, which only managed to grow 98% in its job listings during the same period. The analysis concluded this demand had to do with the influx of funding that flooded the crypto environment last year: $30 billion were poured into the crypt...