Day: January 27, 2022

BSTX Receives SEC Approval For Blockchain-Powered Securities Exchange

Sam Reynolds

BSTX, a joint venture between tZero and Boston Options Exchange (BOX) Digital Markets, has received the green light from the U.S. Securities and Exchange Commission (SEC) to operate a blockchain based securities exchange. BSTX is aiming for immediate or accelerated settlement (T+0 or T+1) thanks to the transactions taking place on the blockchain. It will also provide market data recorded on the blockchain in a process similar to an Oracle. This will be done via a blockchain run by BSTX. The exchange will be open to both retail and institutional…

Ethereum Struggles Below $2.5K, Why 100 SMA Is The Key

Aayush Jindal

Ethereum is consolidating below $2,500 against the US Dollar. ETH price could continue to move down if there is no break above $2,500 and $2,550. Ethereum managed to stay above the $2,320 and $2,300 support levels. The price is still trading below $2,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $2,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a clear move above $2,450 and $2,500. Ethereum…

Apple stock jumps after CEO reveals it’s investing in the Metaverse

Brian Newar

Apple’s stock price jumped in after hours trading after CEO Tim Cook said during the company’s Q1 2022 earnings call that he sees considerable potential in the Metaverse space. When asked on Jan. 27 during the call about Apple’s opportunities within the Metaverse, Cook responded “we see a lot of potential in this space and are investing accordingly.” “We’re always exploring new and emerging technologies and I’ve spoken at length about how it’s very interesting to us right now.” The Metaverse is an interoperable virtual universe created in part by…

Disgraced MP tells Parliament UK can be the ‘home’ of crypto

Brian Quarmby

The former Secretary of State for Health and Social Care and current U.K. Member of Parliament (MP) Matt Hancock urged the House of Commons to make England the “home” of crypto. Hancock has served as an MP for West Suffolk since 2010 but stood down from his role as the Health Secretary in mid-2021 following controversy surrounding COVID breaches tied to an alleged extramarital affair. Which is to say his endorsement, while welcomed by the industry, may not hold as much cachet as it once did. Following up from his…

Doge Temple creator says the Metaverse is out, the Microverse is in

Keira Wright

According to the founder and CEO of virtual party platform Party.Space, niche “Microverse experiences” will be the future of the Metaverse. Rather than “building a big Metaverse and selling some land there,” Yurii Filipchuk says that Web3 creators should focus their efforts on “exploring the best way to interact online” with online communities. The idea is that each online community builds its own Microverse, which connect in a shared network to form a Metaverse. Party.Space launched in May 2020 with the idea to gameify video chats. They now work with…

Bitcoin Regains Momentum, What Could Spark Additional Upsides

Aayush Jindal

Bitcoin found support near $35,550 and started a fresh increase against the US Dollar. BTC must clear $38,000 for additional upsides in the near term. Bitcoin corrected lower but the bulls were active near the $35,550 zone. The price is now trading above $37,000 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $36,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a steady increase if there is a clear move…

OpenSea reverses limits on minting after community backlash

Brian Quarmby

NFT marketplace OpenSea has backflipped on a controversial decision to limit the number of NFTs and collections creators can mint using its smart contract. The platform previously allowed unlimited collections and items, but changed its policy to only allow five NFT collections with 50 items per collection when using OpenSea’s collection storefront contract. The unexpected announcement from OpenSea’s Twitter Support account, posted on Jan. 27, stated the lower limits came after it had “addressed feedback received about its creator tools.” . A follow-up tweet asked the community to “share how…

DeFi Users Fret ‘Contagion’ Risk Amid Possible Stablecoin Depegging

Anthony B

A scandal has rocked investor faith in a popular stablecoin, and as users rush to exit, the clamor is threatening to throw the asset off its dollar peg. Even worse, however, some observers worry that one stablecoin losing its peg could have a “contagion” effect, diminishing the value of multiple stablecoin assets as well. On Thursday, popular on-chain analyst zachXBT revealed on Twitter that the pseudonymous CFO of DeFi project Wonderland was in fact Michael Patryn, the co-founder of the notorious fraudulent Canadian crypto exchange QuadrigaCX. Read more: How Did…

White House reportedly preparing executive order on crypto

Brian Newar

Joe Biden’s White House is expected to issue an executive order in the coming weeks about actions the U.S. government will take regarding digital assets. A source “familiar with the White House’s plan” told Barron’s that the executive order would be issued in a national security memorandum. Biden’s memorandum would assign some government entities to study crypto, stablecoins, and nonfungible tokens (NFT) with the goal of developing a workable regulatory framework. The source was quoted as saying: “This is designed to look holistically at digital assets and develop a set…

New Year, New User Agreement. Coinbase is proud to be one of the most… | by Coinbase | Jan, 2022

help center

Coinbase is proud to be one of the most trusted platforms in crypto, and we recognize that the best way to build trust with our customers is through transparency. That’s why we want to highlight some of the recent changes we made to our user agreement. We encourage you to carefully read the agreement in full before you accept, but here’s an overview of what’s changing: Easier to Understand: We’ve reorganized and modified our user agreement to make it more understandable to you and in line with our culture of…

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