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PRESS RELEASE. Dvision Network’s second LAND sale has now been successfully conducted on the Polygon Mainnet. As a matter of fact, all 4650 LAND NFTs offered on the primary sale had been sold out at an incredibly fast pace, sealing the successful sold out both on Dvision Marketplace as well as OpenSea. The original first LAND sale had occurred not too long ago, and it was similarly successful, which became the largest LAND NFT Sale to occur on Binance Smart Chain’s history, completing the LAND Sale on Binance NFT, Dvision Marketplace and NFTb in less than 5 minutes. Building upon that success, the second sale saw plenty of action from buyers and investors who were all eager to partake as soon as the sale officially started on January 27th, 2022, at 11:00 AM UTC. It should be noted, that secondary trading on OpenSea is continuously occurring, with the floor price for the most common LAND NFT being traded at x2 from the original price, and the total volume currently exceeding 330 ETH (above 1 million USD). Dvision Network reaches second spot on OpenSea top collections on Polygon Mainnet OpenSea is a P2P (Peer To Peer) NFT marketplace and is widely regarded to be one of the most popular marketplaces in the entire world for buying, selling and trading crypto collectibles, non-fungible tokens and numerous rare virtual goods and digital assets. The primary sale on OpenSea, which was conducted through Polygon Mainnet, has now positioned Dvision Network on the second spot among the top collections on the platform among Polygon-supported collections. As of this moment, Dvision Network is ranked among the top five collections on a weekly basis and the overall trading amount has also exceeded 330 ETH. Furthermore, the NFTs had been distributed fairly via OpenSea and the native Dvision Marketplace. The Polygon Ecosystem had been utilised to make this happen, and the Polygon Mainnet was also used to mint the ERC-721 compliant LAND non-fungible tokens. Connection to be established with other mainnets Dvision LANDS are scheduled to be linked with other mainnets through the native bridges. These bridges shall be used by Dvision in order to connect all of the networks together and successfully enable the users to move their respective NFTs across multiple different chains. Moreover, regarding the sale, 4,651 LAND NFT lots was the total amount and the team shall also continue to integrate Polygon Partners via a mutual LAND NFT Grant Program. This shall enable additional access as well as increased exposure to the metaverse thanks to the allocation of the aforementioned LAND NFTs. About Dvision Dvision Network is a blockchain-based virtual reality content ecosystem that also supports the VR NFT marketplace. Dvision Network introduces a new virtual reality environment in which mankind may live a prosperous existence as the world becomes increasingly digitised. It also features Dvision Metaverse, a futuristic notion and vision that gives end-users all types of incentives and advantages linked with blockchain by building bridges and supporting NFTs on different chains. For more information and regular updates, visit the official website as well as Dvision’s Telegram, Facebook and Twitter channels. This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. View the full article

Authorities in Kazakhstan are discussing new regulations for the country’s crypto space that may lead to a serious increase in the tax burden on the mining business. Among the proposed changes is a fivefold hike of the fee miners pay per each kilowatt-hour of utilized electricity. Mining Companies in Kazakhstan Expected to Pay Much More to the State Government officials in Kazakhstan are debating over new legislation for the cryptocurrency industry. The authors of a draft law “On Digital Assets in the Republic of Kazakhstan” have covered certain matters that concern the growing crypto mining sector, local media reported. Quoted by Kazinform, First Deputy Minister of Finance Marat Sultangaziyev noted at a recent meeting of an interdepartmental commission that mining activities are now subject only to registration, but more rules are to come. He also emphasized that it’s very difficult to identify underground miners who consume a lot of electricity illegally. Kazakhstan has been trying to deal with a growing power deficit since last year when the country welcomed mining companies moving out of China after Beijing launched a crackdown on bitcoin minting operations in May. The shortages were blamed on miners and crypto farms were recently shut down across the Central Asian nation. The upcoming amendments will make all unauthorized mining illegal. Furthermore, taxation for registered entities will be increased. Last summer, Kazakhstan introduced a surcharge of 1 tenge per kilowatt-hour of consumed electricity, which authorities now want to raise to 5 tenge per kWh ($0.01), Sultangaziyev revealed. Kazakhstan also plans to impose a levy on mining equipment regardless of whether it’s in use or unplugged. Mining firms will be obliged to report the number and type of their coin minting devices and pay the new fees on a quarterly basis. Hardware imports, exempted from value added tax at the moment, may also be charged with VAT. A proposal to exclude mining equipment from this exemption has been sent to the Ministry of Economy, the deputy finance minister announced. Interruptions in power supply have already forced some mining companies to leave Kazakhstan. To deal with the issue, the country increased electricity imports from the Russian Federation last year. The government intends to revive a project to construct a nuclear power plant. Protests over high energy prices, those of fuels like natural gas in particular, led to political turmoil affecting the crypto mining industry in Kazakhstan, which ranks among the leaders in terms of share of global bitcoin hashrate. Do you think more crypto miners will leave Kazakhstan if the country increases the tax burden on the industry? Share your thoughts on the subject in the comments section below. View the full article

India’s finance minister, Nirmala Sitharaman, has reportedly revealed that the government is “constantly monitoring” and “watching the crypto sector.” Referring to her budget speech, she noted that crypto taxation will be implemented before the central bank, the Reserve Bank of India (RBI), issues its digital currency. Indian Finance Minister on Monitoring Crypto Sector and RBI’s Digital Currency Launch India’s finance minister, Nirmala Sitharaman, has revealed that government officials are constantly monitoring the crypto sector, India Today reported Monday. Speaking at India Today Budget Roundtable 2022 on the “State of India’s Economy: The Final Word,” she was quoted as saying: We have a team of people who are constantly monitoring, watching the crypto sector and listening to people from that area. They are giving me feedback. In addition, the finance minister said that the Reserve Bank of India (RBI) is working on issuing India’s central bank digital currency (CBDC), the digital rupee. However, she clarified that crypto taxation will be implemented first. During her budget speech last week, the finance minister proposed taxing income from cryptocurrency at 30% without allowing any deductions except the cost of acquisition. Last week, Indian Central Board of Direct Taxes (CBDT) Chairman J. B. Mohapatra was quoted by the publication as saying: The taxability of the cryptocurrency is certain for this financial year … Crypto investors should know that the transactions done before April 2022 will not be tax-free. While some people see the finance minister’s crypto tax proposal as a step to legitimize the sector, many are concerned that it will stifle innovation. Over 70,000 Indians have now signed a petition on Change.org for the government to introduce more reasonable crypto tax policies. The finance minister also said during her budget speech that the RBI will introduce its central bank digital currency (CBDC) in the next financial year beginning April 2022. Indian Prime Minister Narendra Modi said that the digital rupee will strengthen the digital economy and revolutionize fintech. What do you think about the Indian government constantly monitoring the crypto sector? Let us know in the comments section below. View the full article

Crypto exchange FTX is giving away bitcoin during the Super Bowl this weekend. The company estimates that each winner could receive between eight and 10 bitcoins. The actual prize amount depends on the time FTX’s Super Bowl commercial airs. FTX Giving Away Bitcoin in Super Bowl Sweepstakes Cryptocurrency exchange FTX announced Monday that it is giving away bitcoin during the Super Bowl this weekend. The company’s website explains: We’re making our Big Game debut and giving away the time our ad runs in bitcoin. Super Bowl LVI, the upcoming championship game of the National Football League (NFL), will be played between the National Football Conference Champion Los Angeles Rams and the American Football Conference Champion Cincinnati Bengals. “When the ad airs, we’ll tweet the commercial and pin the tweet. To enter, follow us and retweet that pinned tweet on our @FTX_Official Twitter account between the time it airs and 11:59 p.m. EST,” FTX detailed, adding that no purchase is necessary. FTX’s Super Bowl commercial will run on NBC on Feb. 13. The giveaway begins when FTX tweets about it. “This will happen between approximately 8:30 p.m. Eastern Time (‘ET’) and 10:30 p.m. ET),” the exchange said, emphasizing that the promotional period will end at 11:59 p.m. ET. There will be “four grand prizes,” the exchange noted, elaborating: Each winner will receive bitcoin deposited into their FTX account. The amount of bitcoin to be deposited will be equal to the ET time (hour and minute) that sponsor’s February 13, 2022 television commercial begins to be aired on NBC. The company clarified that, for example, if its commercial airs at 9:02 p.m. ET, then winners will receive 9.02 bitcoins. The offer is only available to residents of 50 U.S. states, excluding New York. The prizes will be fulfilled approximately eight to 10 weeks after the winners are confirmed, according to the official rules for the crypto sweepstakes posted on the FTX US website. In January, FTX raised $400 million and its valuation rose to $32 billion. What do you think about FTX’s Super Bowl bitcoin giveaway? Let us know in the comments section below. View the full article

The U.S. Federal Deposit Insurance Corporation (FDIC) has named the evaluation of crypto assets a priority this year. “The rapid introduction of a variety of crypto-asset or digital asset products into the financial system could pose significant safety and soundness and financial system risks,” the FDIC said. Crypto Evaluation Named a Priority for FDIC The U.S. Federal Deposit Insurance Corporation (FDIC) announced Monday that Acting Chairman Martin J. Gruenberg has released the FDIC’s priorities for the coming year. The FDIC is an independent agency created by the U.S. Congress to maintain stability and public confidence in the nation’s financial system. One of the priorities is to “evaluate crypto-asset risks,” the announcement details, elaborating: The rapid introduction of a variety of crypto-asset or digital asset products into the financial system could pose significant safety and soundness and financial system risks. “It is imperative that the federal banking agencies carefully consider the risks posed by these products and determine the extent to which banking organizations can safely engage in crypto-asset-related activities,” the agency stressed. “To the extent such activities can be conducted in a safe and sound manner, the agencies will need to provide robust guidance to the banking industry on the management of prudential and consumer protection risks raised by crypto-asset activities,” the FDIC said. In May last year, the FDIC issued a Request for Information (RFI) on crypto assets. The agency explained that it is gathering information and soliciting comments from interested parties “about insured depository institutions’ current and potential digital asset activities.” Jelena McWilliams, who was the chairman of the FDIC at the time, said the agency is “laying the foundation for the next chapter of banking by ensuring we have a regulatory framework that allows responsible innovation to flourish.” McWilliams opined: Digital assets is one area in which we have seen rapid expansion and innovation in recent years. This RFI gives us an opportunity to gain additional insight into the market, and what role banks might play in the future. November last year, the FDIC, the Board of Governors of the Federal Reserve System (FRB), and the Office of the Comptroller of the Currency (OCC) announced that they are collaborating to establish crypto policies for financial institutions. What do you think about the FDIC making crypto evaluation a priority? Let us know in the comments section below. View the full article

Utility coins are a dime a dozen, but those that actually provide a plethora of benefits for holders are ultra-rare and worth paying closer attention to. The COV token is a utility token that unlocks a variety of account-level benefits already but continues to evolve in the available ways holders can utilize the asset. The latest update from Europe-based fintech developer Covesting has brought even more new features to the COV token through partner platform PrimeXBT: two new COV-denominated account types. COV Token Update Enables COV-Denominated Margin Trading And Strategy Accounts Starting today, COV holders gain yet another valuable way to use the utility token — as an asset to fund a copy trading strategy manager account or as collateral for margin trading. COV joins BTC, ETH, USDC, and USDT, giving traders more flexibility and options overall. COV holders can access any of PrimeXBT’s more than 50 different trading instruments across crypto, forex, commodities, stock indices, and more. PrimeXBT’s list of assets is constantly expanding, recently adding Dogecoin, Cardano, and other top altcoins. Future Covesting Roadmap Promises More Incentives For Utility Token Users In the future, the Covesting roadmap includes additional incentives for COV users, such as an increase in revenue share earned by strategy managers to 25% from the standard 20%. Followers of COV-denominated strategies will also be awarded the maximum 75% profit share over the usual 65%. These benefits will be activated regardless of membership level. Existing COV utilities include an increase in individual followings, an improved profit share, trading fee discounts, and more. These account enhancements get better with each level ranging from Advanced, Premium, and Elite. Everything You Should Know About The COV Utility Token COV-activated memberships also increase the APY staking rewards on yield accounts by up to 2x. In the future, COV will be added to the list of assets that can also be used to earn staking rewards. Covesting has these updates and several others planned for 2022, according to the company roadmap. The COV token itself is an ERC-20 utility token with a scarce supply, an active community, and underpins the entire Covesting ecosystem. The latest COV token updates are now live on PrimeXBT, and a guide on how to utilize COV and set up each account type can be found in the platform’s official blog. Be sure to also join the official Covesting community Telegram to stay on top of any upcoming future COV token utility updates. This is a sponsored post. Learn how to reach our audience here. Read disclaimer below. View the full article

As the market capitalization of the stablecoin tether nears $80 billion, with its current $77.9 billion valuation, data from onchain researchers at Santiment indicates that tether addresses valued at $1 million own more than 80% of the entire supply. Tether’s Whales Command More Than 80% of the Supply The U.S. dollar-pegged stablecoin has grown exponentially during the last few years and according to today’s metrics there’s 77.9 billion tether (USDT) in circulation today. Tether is the most dominant stablecoin out of all the stablecoins in existence in terms of market capitalization. USDT’s market capitalization of $77.9 billion further represents 3.79% of the $2 trillion crypto economy. Furthermore, recent data from Santiment shows that USDT’s concentration of larger holders valued at $1 own more than 80% of the entire supply. “Tether’s addresses valued at $1M are on the cusp of returning to owning 80%+ of $USDT’s supply for the first time in 3 weeks,” Santiment tweeted. “Generally, whale stablecoin addresses increasing their buying power is a good prospect for crypto’s long-term future.” At the time of writing, Santiment’s metrics show USDT addresses valued at $1 million command 80.13% of the 77,922,851,073 tether supply in circulation. Into the Block indicates that the concentration of large tether (USDT) holders today is 46%. The Ethereum-based USDT rich list stemming from coincarp.com shows there are 4.4 million ETH addresses holding tether. The top ten USDT holders own 28.4% of all the ERC20 tethers in circulation while the top 100 command 47.71%. Stablecoins USDC and UST Have a Significant Concentration of Large Holders While Santiment’s USDT data shows that USDT addresses valued at $1 million command 80.13%, USDC statistics indicate that USDC addresses valued at $1 million command 86.8% of the stablecoin’s supply. USDC has approximately 51,570,858,520 U.S.-dollar-pegged tokens in circulation today. Into the Block’s concentration of large USDC holders also shows the metric is higher than USDT’s at 63%. Coincarp.com’s USDC rich list metrics show the concentration of holders leveraging USDC on the Ethereum network. Currently, there are 1.35 million ETH addresses holding USDC and the top ten addresses holding the most USDC command 38.11% of the circulating supply. Moreover, the top 100 USDC ETH-based addresses own 63.79% of the stablecoins on that specific chain. Terra’s UST also has a large concentration of holders according to Santiment’s UST data. Data concerning Terra’s UST stablecoin (UST issuance on Ethereum) recorded by coincarp.com indicates that ten ethereum-based addresses hold 73.77% of the UST supply. Of course, this data is based on EVM-based UST and the 28,737 holders. The top 100 UST stablecoin addresses on Terra hold 97.70% of the coins in circulation. Coingecko.com data shows there’s approximately 11,256,872,859 UST in circulation on February 8, 2022. At the same time, EVM-based UST stands at 947.5 million in circulation today. While there is $179 billion worth of fiat-pegged tokens in existence today, stablecoins are not as liquid as circulation metrics suggest, especially when it comes to the concentration of large holders. With the advent of stablecoin liquidity pools, many owners are simply holding stablecoins because they are less volatile and can accrue an annual percentage yield (APY) of up to 18% or more. What do you think about the tether addresses that hold $1 million in coins commanding more than 80% of the supply? Let us know what you think about this subject in the comments section below. View the full article

The U.S. Department of Justice (DOJ) has announced the seizure of 94,636 bitcoins directly linked to the 2016 hack of the cryptocurrency exchange Bitfinex. This is the DOJ’s “largest cryptocurrency seizure to date.” In addition, two people have been arrested in connection with the hack and stolen cryptocurrency. Bitfinex Hack’s Stolen Bitcoins Seized, 2 People Arrested The Department of Justice (DOJ) announced Tuesday that the U.S. government has seized stolen cryptocurrency directly linked to the 2016 hack of the cryptocurrency exchange Bitfinex. According to the announcement, this is the DOJ’s “largest cryptocurrency seizure to date, valued at more than $3.6 billion” at the time of the seizure. At the time of writing, the value of the BTC seized is more than $4 billion. The Department of Justice wrote: Thus far, law enforcement has seized over $3.6 billion in cryptocurrency linked to that hack. In addition, two people — Ilya Lichtenstein, 34, and his wife, Heather Morgan, 31 — have been arrested for “alleged conspiracy to launder $4.5 billion in stolen cryptocurrency” from the Bitfinex hack. Specifically, court documents show that they “allegedly conspired to launder the proceeds of 119,754 bitcoin” that were stolen from the cryptocurrency exchange. In the 2016 Bitfinex hack, stolen bitcoins were transferred in more than 2,000 transactions to a crypto wallet controlled by Lichtenstein. Over the last five years, approximately 25,000 stolen BTC were transferred out of his crypto wallet “via a complicated money laundering process,” the DOJ noted, adding that some of the stolen funds were deposited into financial accounts controlled by Lichtenstein and Morgan. The remainder of the stolen funds, comprising approximately 94,636 bitcoins, remained in the wallet, the Justice Department further explained. “After the execution of court-authorized search warrants of online accounts controlled by Lichtenstein and Morgan, special agents obtained access to files within an online account controlled by Lichtenstein,” the DOJ detailed, elaborating: Those files contained the private keys required to access the digital wallet that directly received the funds stolen from Bitfinex, and allowed special agents to lawfully seize and recover more than 94,000 bitcoin that had been stolen from Bitfinex. FBI Deputy Director Paul M. Abbate opined: “Today’s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead.” Deputy Attorney General Lisa O. Monaco commented: Today’s arrests, and the department’s largest financial seizure ever, show that cryptocurrency is not a safe haven for criminals. Lichtenstein and Morgan used “numerous sophisticated laundering techniques,” the complaint describes. The techniques included using fictitious identities to set up online accounts, using computer programs to automate transactions, depositing stolen funds into accounts at various cryptocurrency exchanges and darknet markets, and leveraging “anonymity-enhanced virtual currency (AEC), in a practice known as ‘chain hopping.'” “Lichtenstein and Morgan are charged with conspiracy to commit money laundering, which carries a maximum sentence of 20 years in prison, and conspiracy to defraud the United States, which carries a maximum sentence of five years in prison,” the Justice Department concluded. What do you think about this case? Let us know in the comments section below. View the full article

Shiba inu’s (SHIB) 50% rise on Tuesday, seems to have inspired LEO bulls, who moved to push prices up by 61% in today’s session. The move comes as crypto markets consolidated yesterday’s gains. Biggest gainers Monday’s biggest loser, was Tuesday’s biggest gainer, as UNUS SED LEO was up by as much as 61% as of writing. LEO/USD rose to an intraday high of $8.04 during today’s session, after trading at a low of $4.82 to start the week. The move comes following a breakout of the $5.40 resistance level, which was formed last Friday, and in place up until today. As a result of the rally, the 14-day RSI surged to a high of 81, which was a level that was also captured on Friday, following another sizeable price swing. However, as seen from the last time the RSI tracked at this level, bears swiftly re-entered, as prices appear to be overbought. There has already been some profit-taking from today’s swing, as early entrants look to avoid falling victim to a reversal similar to last week’s move. Biggest losers Following a rise of over 50% on Monday, Shiba Inu was trading close to 14% lower on Tuesday, however, this was not today’s bear of the day. Yesterday’s biggest bull turned bear during the session, as traders appear to have parachuted from the rocket ship to the moon. $SHIB was down 12.90% as of writing, falling to an intraday low of $0.00002953 in the process, as it once again fell below resistance of $0.00003406. The move halted what seemed to be an imminent upside crossover of the 10-day (red) and 25-day (blue) moving average. Has the tide already turned on SHIB, or will we see further rises this week? Let us know your thoughts in the comments. View the full article

This week in a note to investors, Fsinsight, a Fundstrat company, said bitcoin could reach $200,000 during the second half of the year. In the investor’s note, Fsinsight’s head of digital asset strategy, Sean Farrell, said the parabolic growth would be due to “legacy market capital entering the fold.” Fsinsight: ‘Bitcoin to Tap $200K in H2 2022, Ethereum Will Jump Close to 400%’ While last year’s $100K predictions went silent during the last month of 2021, bitcoin (BTC) price predictions are starting to appear again this year. According to the Fundstrat firm Fsinsight, BTC could increase by almost 500% from the current price point to around $200K per unit. The BTC price prediction stems from Fsinsight and the firm’s head of digital asset strategy, Sean Farrell. Both Fsinsight and Fundstrat are bullish about the upside potential of crypto assets as Fundstrat Global Advisors’ head of research recently insisted bitcoin still has “exponential growth ahead” of it. Fsinsight’s and Farrell’s investor’s note says times are different now that major businesses and “legacy market capital [is] entering the fold.” “This is much different from 2018 where tech stocks were still doing well but bitcoin sold off along with the rest of the crypto market cap,” Farrell explained. Meanwhile, all eyes are on the Federal Reserve’s meeting in March as Fed chair Jerome Powell has hinted at raising benchmark interest rates. Fsinsight’s prediction notes that U.S. policymakers could bring some downside to the leading crypto asset’s price growth. “All assets can sell off and drop another 50% if the Fed hikes 4% tomorrow or next month,” Farrell remarked in the note. “But right now, as things stand, the upside to both bitcoin and [ethereum] is much larger than the downside.” Meanwhile, digital currency values have increased during the last week as bitcoin (BTC) has climbed over 12% and ethereum (ETH) jumped more than 13% over the last seven days. Fsinsight’s prediction also notes that ethereum has the potential to swell in USD value during the last half of 2022. Fsinsight’s investor’s note predicts ETH could climb close to 400% to around $12K per unit. What do you think about Fsinsight’s prediction about bitcoin and ethereum skyrocketing to new highs in H2 2022? Let us know what you think about this subject in the comments section below. View the full article

During the last week, a large number of truckers are still occupying the streets of Ottawa protesting the vaccine mandates. On Monday, Canadian Prime Minister Justin Trudeau begged protestors to stop the demonstration and said “It has to stop.” Meanwhile, after Gofundme shut down the Freedom Convoy’s fundraiser, crypto advocates have raised 12.41 bitcoin worth $542K in order to help the truckers continue the protest. Canadian Prime Minister Justin Trudeau Insists Trucker’s Protest ‘Has to Stop,’ Florida Governor to Investigate Gofundme’s Actions The Freedom Convoy 2022 is still ongoing as thousands of people have surrounded the parliament buildings in downtown Ottawa, Ontario. The protest started on January 29, as Canadian truckers objected to the new coronavirus vaccine and testing rules. On Monday, after falling ill with Covid-19, while being fully vaccinated and boosted, Canadian Prime Minister Justin Trudeau addressed parliament for the first time since he caught the coronavirus last week. ​​”Individuals are trying to blockade our economy, our democracy, and our fellow citizens’ daily lives. It has to stop,” Trudeau insisted. Trudeau’s statements follow the American crowdfunding platform, Gofundme, shutting down the Freedom Convoy’s fundraiser and telling the public it would be returning donations. The fundraiser raised $9 million for the truckers before Gofundme shut it down and the decision was met with criticism. After Gofundme reversed the Freedom Convoy’s fundraiser, Florida governor Ron DeSantis promised to investigate Gofundme’s decision. “I will work with [Florida Attorney General Ashley Moody] to investigate these deceptive practices,” DeSantis said. Hundreds of Thousands in Censorship-Resistant Crypto Raised Since Gofundme Reversed Truckers’ Fundraiser Three days ago, Bitcoin.com News reported on cryptocurrency advocates reacting to Gofundme’s decision and two crypto-infused fundraisers. A Bitcoin cash (BCH) supporter started a Flipstarter fundraiser in order to raise 100 BCH for the truckers and so far, the Flipstarter has raised 24.10 BCH or close to $8K using today’s exchange rates. Another fundraiser our newsdesk reported on was crafted by a Twitter account dubbed: “Honkhonk Hodl.” Honkhonk Hodl’s fundraiser — hosted on the Tally platform — has raised $541K or 12.41 bitcoin (BTC) so far and people can donate onchain or leverage the Lightning Network to send support. 53% of the BTC donors donated to the Freedom Convoy’s fundraiser onchain, while the rest utilized the Lightning Network. According to an interview with one of the fundraiser’s founders and the Toronto Star reporters Alex McKeen and Grant LaFleche, the fund’s keys are being held by five different individuals. “At some point, we could hand it right off to the truckers, because the people that are donating their bitcoin, that’s what they want to happen,” one of the Freedom Convoy’s fundraiser creators told the Toronto Star reporters. “We’ve only had one meeting. And, you know, it could be anything, and it could also go into when we could keep it as an endowment.” Fox News Anchor Tucker Carlson: ‘The Only Way Around the Stranglehold That Technology Has on Our Human Rights Is Decentralization’ Furthermore, the bitcoin fundraiser was also noticed by Fox News anchor Tucker Carlson. On the broadcast “Tucker Carlson Tonight,” Carlson spoke about Gofundme’s decision to stop the fundraiser and how cryptocurrency supporters have stepped in. Carlson spoke about Honkhonk Hodl’s fundraiser hosted on the Tally platform and said: “Now, why is this appealing? No one can steal the money. No government can pressure anyone to turn the money over, because governments don’t control crypto.” Carlson further added: [Bitcoin] goes from person A to person B and all the intermediary does, the company, is connect the two — It’s pretty appealing — And you can imagine the long-term consequences here. If the people in charge, in this country and in Canada, want to make the U.S. dollar irrelevant, they’ll keep acting like this and soon it will be. Either way, it’s becoming very clear that the only way around the stranglehold that technology has on our human rights is decentralization. The world is watching what happens when a specific portion of society does not comply with the mandates stemming from the collective. So far, the trucker’s Freedom Convoy 2022 in Canada is continuing for its tenth consecutive day and freedom activists worldwide are cheering them on. The occupation in downtown Ottawa, Ontario has also moved toward the Ambassador Bridge which is the busiest border crossing in North America. Ambassador Bridge has shut down and traffic on I-75 and the service drive into Detroit, Michigan has been piling up since Monday evening. What do you think about the truckers continuing the protest for the tenth straight day and Justin Trudeau insisting it has to stop? What do you think about the 12.41 bitcoin raised for the Freedom Convoy? Let us know what you think about this story in the comments section below. View the full article

Crypto markets marginally consolidated on Tuesday, following yesterday’s price surge which saw bitcoin and ethereum both rally to multi-week highs. BTC climbed to $45,000, with ETH moving to $3,200. Bitcoin Bitcoin prices were marginally below yesterday’s high, as profit takers look to have closed some of their positions. BTC/USD rose to an intraday high of $45,293.87 during Monday’s session, however it’s tracking close to $43,354.61 today. Yesterday’s move, which now looks like a false break, moved beyond its recent resistance of $43,770, en route to its highest point since January 5. The moving averages of 10-days (red) and 25 days (blue) have crossed over on the upside, which many believe shows that the momentum may continue to surge until a true resistance is found. Should we see another swing, many could see this resistance as being close to the $50,000 level, which hasn’t been hit since late December. As of writing, prices have continued to fall, with a doji being formed in today’s chart. Ethereum Following an intraday high of $3,219.47 on Monday, which was a three-week high, ETH was also consolidating during today’s session. As of writing, ETH/USD fell to a low of $3,062.51 on Tuesday, as bulls liquidated positions in the world’s second largest cryptocurrency. Ethereum now sits marginally above its old resistance level at $3,022, which seems to be forming a new floor. The 14-day RSI has also dropped below its resistance level of 56, and is currently tracking around 54. Similar to BTC, moving averages have also experienced an upside cross, which may give long-term bulls the confidence to maintain positions, despite the current short-term volatility. Will another ETH rally come this week? Leave your thoughts in the comments below. View the full article

The Spanish treasury ministry has announced it will postpone the establishment of the complete framework for declaring taxes related to cryptocurrency assets until 2023. While the Spanish government has advanced when it comes to cryptocurrency regulation, the specifics of what will be taxed and in which way are still a mystery for traders and holders. The organization is still looking for information to control these tax statements effectively. Spanish Treasury Ministry Will Begin Formulating Crypto Tax Requirements Next Year The Spanish Treasury has announced it will hold off till next year to formulate the specifics of how crypto-related taxes will have to be declared. The organization announced this decision in its Annual Tax and Customs Control Plan for 2022, surprising analysts that expected this to be executed this year due to the relevance that cryptocurrency has taken on in the country. Now, with this resolution, traders and holders of cryptocurrency will have to wait until the elaboration of these models to declare their holdings and earnings and establish how much they will have to pay. The models are derived from the anti-fraud law approved in July, which establishes several obligations for cryptocurrency users regarding holdings outside Spain, and also for VASPs (Virtual Asset Service Providers). Still Searching for Information However, even a year before this tax enforcement, the document states that the treasury is still searching for sources of information regarding cryptocurrency transactions with the objective of better controlling the statements of taxpayers. To this end, the aforementioned plan establishes: [The treasury] will continue the tasks started in previous years related to obtaining information from various sources related to operations carried out with virtual currencies. On this subject, treasury officers put international cooperation as one of the bases for their objective, as well as their participation in international forums to strengthen this cooperation. However, even with this legal vacuum, the Spanish authorities have asked several taxpayers to reveal and declare their crypto-related operations from the years 2017, 2018, 2019, and 2020 according to local media. Lawyer Jesus Lazaro states the treasury is putting all the weight of reporting on taxpayers because the state currently has zero data regarding cryptocurrency transactions. Finally, the plan leaves new tech such as NFTs outside of its scope, new elements that have achieved significant growth last year. What do you think about the new resolution of the Spanish Treasury that postpones the elaboration of crypto-specific tax models until 2023? Tell us in the comments section below. View the full article

PRESS RELEASE. Cappasity’s platform will allow retailers to create immersive NFTs easily and quickly. The proprietary utility token CAPP will be used in the provision of NFT services. Cappasity lets companies create and deliver 3D/AR experiences to blur the line between online and in-store shopping. It is the first scalable and easy-to-adopt solution for complex e-commerce projects. It takes only 3 minutes/SKU to create a 3D View (data format developed by Cappasity) and embed it into a store. The platform also provides a unique 3D analytics tool based on AI to track customers’ online behavior and ensure the best product presentation online. Cappasity’s clients see higher conversion rates (10-30% increase), higher time on the product pages, fewer returns, and fewer customer inquiries when their products have interactive 3D images attached to them. Last year Cappasity announced the global upgrade of its platform — “Metaverse for e-commerce”. This will include AR fitting rooms for brands and stores, virtual showrooms, an immersive content social network, and many more features. And now Cappasity is ready to present the first part of this upgrade — 3D NFT for brands. They are going to launch a demo in March 2022 followed by a webinar for the e-commerce industry. What is the Cappasity immersive 3D NFT? This type of NFT visualization allows users to interact with digitized items like they would offline: rotate them, zoom in and examine the details. It is also possible to embed augmented reality and virtual try-on content inside an NFT. Such 3D NFT creates an unforgettable experience that can be used for product presentations, interactive exhibitions, and auction houses. NFTs are a completely new way for brands to engage with customers, target a younger, crypto-wealthy generation, and increase brand awareness. This new technology allows retailers to reward loyal audiences with NFT airdrops, build a VIP fan base around the brand based on customers’ NFT purchases, and sell NFTs that unlock gated content. Popular brands like Dolce & Gabbana, Prada, Clinique, Nike, and Adidas have already launched their first NFT projects. However, the technology doesn’t currently allow brands to easily integrate interactive content that their customers can not only view, but also interact with. “Our company’s mission is to provide effective solutions that improve the visualization of items and blur the line between online and offline. We constantly refine the Cappasity platform and can’t wait for the release of the update that will allow brands to create NFTs with photorealistic visualization of items,” comments Kosta Popov, Cappasity CEO. To get updates on the Cappasity metaverse for e-commerce, subscribe for Cappasity’s news: https://3dshot.io/meta About Cappasity Cappasity is a comprehensive solution for the interactive visualization of products in 3D, creating an immersive shopping experience for e-commerce. Among Cappasity clients are brands such as YSL, LFCorp, Samsonite, ba&sh, Polene and many more. In December 2021, 12.7 million unique visitors interacted with Cappasity 3D/AR content and the Cappasity platform processed 282 million requests from companies’ websites. Company website: https://cappasity.com/tech 3DShot website: https://3dshot.io Stay tuned and follow us on Instagram, Twitter or Facebook for more news! This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. View the full article

Zimbabwe’s central bank, which has expressed its opposition to cryptocurrencies in the past, announced yesterday it is presently exploring the feasibility of rolling out its own central bank digital currency (CBDC). The bank also said its regulatory sandbox continues to garner interest. CBDC Roadmap The Zimbabwean central bank, the Reserve Bank of Zimbabwe (RBZ), has reiterated that it prefers a central bank digital currency (CBDC) to cryptocurrencies, in its latest monetary policy statement. It adds it is now “actively exploring the feasibility of adopting a Zimbabwean CBDC including specific design considerations.” According to a statement released by John Mangudya, the bank’s governor, the RBZ is already developing a roadmap for its CBDC. The statement reads: In this context, the Bank is developing a clear roadmap for adopting CBDC, encompassing the feasibility and assessment stage currently taking place, policy design stage based on results of the feasibility study and implementation modalities. The RBZ added that it will be issuing periodic updates on the progress of the CBDC program. Fintech Regulatory Sandbox Meanwhile, in the monetary policy statement, the RBZ also revealed that its fintech regulatory sandbox, which was launched in March 2021, has received “112 registrations on the online portal and a further 31 applications at various stages.” According to the central bank, the software and systems development category alone accounts for 48% of what the bank refers to as registered users. The payments category’s share of registered users is 18% while the shares banking and the savings and deposit categories are 8% and 1%, respectively. Capital raising, investment management, lending and others all account for the remaining 25%. The RBZ in the meantime says the sandbox remains open for innovations while guidelines that prospective applicants can use are found on the institution’s website. What are your thoughts on this story? Tell us what you think in the comments section below. View the full article

The first real estate purchase with Bitcoin has been registered in Colombia last week. The company, called La Haus, sold one property in Santa Marta to a buyer that was not in Colombia at the time of the purchase. While Colombia is just starting to consider bitcoin for real estate payments, in neighboring countries like Venezuela, it is becoming more common to use crypto for such transactions. Colombia Debuts Real Estate Purchases With Crypto The real estate sector in Colombia has reached a milestone when it comes to cryptocurrency usage, after registering its first purchase with bitcoin. La Haus, an online real estate company, mediated in this purchase after having received a reserve payment for 0.03 BTC a month ago. The purchase was recently completed by a buyer that was not in Colombia, so the operation was completed using Lightning Network through Opennode, a payment processor. The purchase comes roughly one month after the company announced it would accept bitcoin for reservations and payments for each one of the apartments in Natura City, a development located in Santa Marta with 160 units ready to be sold. Crypto for Real Estate Payments Executives at La Haus stated that they are working to expand and use these payments for developments all across the country. On this, Jehudi Castro, La Haus’ vice president of future and innovation stated: The fact that this type of transaction has taken only a month to be carried out in Colombia speaks of the unsatisfied need that existed. We are working to bring this type of alternative to the rest of the country, so that the payment methods and the way of investment, are not a barrier to access residential property. However, this is not the first time that La Haus has completed a cryptocurrency-based purchase. The company, which also has operations in Mexico, registered its first crypto purchase in January when a property in Mexico was acquired by a woman living in Peru. Cryptocurrency purchases in the real estate sector are also becoming more and more common in Latam countries like Venezuela, where cars and some properties are being sold for USDT. Last year, one of these purchases occurred in a coastal state of the country, where a buyer used USDT to acquire an apartment for $12,000. What do you think about the usage of bitcoin and other cryptocurrencies as a payment method for real estate purchases? Tell us in the comments section below. View the full article

PRESS RELEASE. INTERNET CITY, DUBAI, Feb. 8, 2022, LBank Exchange, a global digital asset trading platform, will list FutureCoin (FUTURE) on February 9th, 2022. For all users of LBank Exchange, the FUTURE/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on February 9th, 2022. The digital currency market is growing rapidly, along with the platforms and technology surrounding it, but most of the traded coins have lost their practical utility on the market and in people’s lives. To address this problem, FutureCoin (FUTURE) is here to provide a truly efficient, more secure and much faster coin that can be used in everyday life, with solid projects that back it up. The FUTURE token will be listed on LBank Exchange at 16:00 (UTC+8) on February 9th, 2022, to further expand its global reach and help it achieve its vision. Introducing FutureCoin FutureCoin is a project for creating a more stable, promising and safer virtual coin than those already on the market. It grants access to a portfolio of projects meant to change the world and to define the future. Representing the future of technology across the entire world, FutureCoin is meant to offer investors the possibility to invest in the future. Its team wants this coin to offer financial data on all the projects behind it with 100% transparency. FutureCoin will be backed by 13 financial projects, including multichain NFT marketplace; Web 3.0 auction platform; payment processor and credit / debit cards; first virtual crypto bank; solar energy electric vehicle; destiny wallet and swap; cyber security company; first DeFi global payment APP; crypto, trade coins, gold, silver and stock market exchange; crypto gaming platform; decentralized internet browser; website for decentralized online file transfer; FutureCoin Launchpad and CoinFiles. Some of these strong projects are in market segments worth over 1 trillion dollars at the moment. TRADELINK will be the technology behind FutureCoin. After the migration from BSC, it will enter the TRADELINK ecosystem, a new blockchain with efficiency 1000 times higher than that of BITCOIN blockchain and will have a wider use on the internet. With a future oriented vision, FutureCoin aims to be used for everyday transactions, both online and offline, making it an indispensable asset of human life. About FUTURE Token As a BEP20 token, FUTURE grants access to the FutureCoin platform. The total supply of FUTURE is 119 million and 700k (i.e. 119,700,000). 2% of it is provided for seed sale, 8% is for private sale, 10% is for presale, 20% is provided for liquidity, 15% is allocated for community rewards, 25% is provided for locked liquidity, 8% is allocated to the team and advisory board, 7% is provided for marketing and partnerships, and the rest 5% is for development. The FUTURE token will be listed on LBank Exchange at 16:00 (UTC+8) on February 9th, 2022, investors who are interested in FutureCoin investment can easily buy and sell its token on LBank Exchange by then. The listing of FUTURE on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market. FUTURECOIN Projects FutureCoin has already released 2 of their MVPs: coinfiles.com & futurepad.io The project is growing every day with over 39 MEDIA partners and a development team of over 40 programmers. The future is here? The future is really $FUTURE? We will see in the coming period how things evolve with this project. Learn More about FUTURE Token: Official Website: https://e-futurecoin.com/ Telegram: https://t.me/efuturecoin Twitter: https://www.twitter.com/efuturecoin About LBank Exchange LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users from now more than 210 regions around the world. Start Trading Now: lbank.info Community & Social Media: l Telegram l Twitter l Facebook l Linkedin Contact Details: LBK Blockchain Co. Limited LBank Exchange media@lbank.info PR Contact: ZEXPRWIRE info@zexprwire.com This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. View the full article

Cryptocurrency and blockchain firms are concerned about the future legislation revolving around the cryptocurrency industry and money spent on lobbying cemented this fact. A recently published study indicates that money spent on crypto lobbying jumped 116% in 12 months with $9.56 million leveraged to seek to influence from politicians and public officials. Millions of Dollars Were Spent on Crypto Lobbying and Interest Representation in 2021 While the digital currency and blockchain industry has matured a great deal, a number of crypto advocates are concerned about regulation and politicians misunderstanding an innovative technology. This month researchers from cryptohead.io published a study that highlights crypto lobbying in 2021. In U.S. politics, the act of persuading bureaucrats into interest representation is lawful, and lobbyists are found in nearly every American industry. Cryptohead.io study written by James Page shows the California-based financial services company Robinhood Markets, Inc., was the largest spender in 2021 when it comes to crypto lobbying. Out of the $9.56 million aggregate spent, Robinhood contributed $1.35 million or roughly 14.12% of the crypto lobbying expenditure last year. Ripple Labs the blockchain organization behind the crypto token xrp (XRP) was the second-largest crypto lobbying spender. Ripple Labs spent $900,000 toward these efforts in 2021 and was followed by Coinbase which spent $785,000. While Coinbase leveraged 23 lobbyists last year, Robinhood deployed 16, and Ripple Labs utilized 12 lobbyists in 2021. The numbers spent in 2021 exceeded 2020 by 116%, according to cryptohead.io’s study. Moreover, the researchers also measured the expenditures paid for lobbying since 2017, and Ripple Labs has spent the most funds. Since 2017, cryptohead.io’s data claims that Ripple Labs spent $1.95 million on crypto lobbying while Robinhood utilized $1.625 million. Coinbase spent around $1.465 million but the Blockchain Association was the third-largest crypto lobbying spender since 2017 with $1.610 million spent. Since 2017, cryptohead.io’s data says Block.one has spent around $940K on crypto lobbying. Cryptohead.io utilized data from the organization Open Secrets which gives estimates on how much firms spend on interest representation. The Open Secrets list also details how many lobbyists a company employs. Cryptohead.io’s in-depth research about crypto lobbying written by James Page can be read in its entirety here. What do you think about the amount of money companies spent on crypto lobbying last year? Let us know what you think about this subject in the comments section below. View the full article

A U.S. senator has warned about China’s central bank digital currency. “Analysts have raised the eCNY’s potential to subvert U.S. sanctions, facilitate illicit money flows, enhance China’s surveillance capabilities, and provide Beijing with ‘first mover’ advantages,” the senator informed Treasury Secretary Janet Yellen. U.S. Senator Warns About the Threat From China’s Central Bank Digital Currency U.S. Senator Pat Toomey sent a letter to Treasury Secretary Janet Yellen and Secretary of State Tony Blinken last week raising concerns about China’s central bank digital currency, the digital yuan. “I write to request your engagement on a momentous development in Beijing this week: the rollout of the world’s first major central bank digital currency (CBDC) to a foreign audience,” he told Yellen and Blinken. “While the United States is still evaluating the concept of a digital dollar, China is using the Beijing Winter Olympics as an international test for the digital yuan (eCNY), which has been piloted domestically since 2019,” the lawmaker from Pennsylvania described, elaborating: Analysts have raised the eCNY’s potential to subvert U.S. sanctions, facilitate illicit money flows, enhance China’s surveillance capabilities, and provide Beijing with ‘first mover’ advantages, such as setting standards in cross-border digital payments. The senator noted that “Beijing has also launched the first state-backed global distributed ledger infrastructure, the Blockchain-based Services Network (BSN).” Furthermore, Senator Toomey commented on China’s cryptocurrency crackdown, stating: “China’s crackdown presents an opportunity for the United States to be the forerunner of crypto innovation, grounded in individual freedom, and other American and democratic principles.” The senator continued: Given the prospective threat to U.S. economic and national security interests, I request that the Treasury and State Departments closely examine Beijing’s CBDC rollout during the Olympic Games. Senator Toomey also requested information on nine areas to be provided to his office by March 7. They include how the digital yuan was distributed, strategies employed to advance eCNY adoption by Chinese and non-Chinese persons, eCNY adoption rate by foreigners, total issuance of the eCNY after the Olympic Games, lessons for the U.S. government, and possible challenges to U.S. interests. In January, China’s central bank, the People’s Bank of China (PBOC), revealed that the digital yuan now has more than 261 million users, and transactions worth almost $14 billion have been made using the central bank digital currency. Last week, China designated 15 national pilot zones and 164 entities for blockchain projects. Do you agree with Senator Toomey? Let us know in the comments section below. View the full article

KPMG in Canada has added bitcoin and ether to its corporate treasury in what the company called a “first-of-its-kind investment.” KPMG said: “This investment reflects our belief that institutional adoption of crypto assets and blockchain technology will continue to grow and become a regular part of the asset mix.” Bitcoin and Ether on Balance Sheet of KPMG in Canada KPMG in Canada announced Monday the company’s “first-of-its-kind investment.” KPMG is one of the Big Four accounting firms. The announcement details: KPMG in Canada has completed an allocation of crypto assets to its corporate treasury, the firm’s first direct investment in crypto assets. “The allocation includes bitcoin (BTC) and ethereum (ETH), as well as carbon offsets to maintain a net-zero carbon transaction to deliver on the firm’s stated environmental, social and governance (ESG) commitments,” KPMG detailed. The accounting firm acquired bitcoin and ether on its balance sheet through Gemini Trust Company LLC’s execution and custody services. Benjie Thomas, managing partner of Advisory Services, KPMG in Canada, commented: “Investors such as hedge funds and family offices to large insurers and pension funds are increasingly gaining exposure to crypto assets, and traditional financial services such as banks, financial advisors and brokerages are exploring offering products and services involving crypto assets.” He opined: This investment reflects our belief that institutional adoption of crypto assets and blockchain technology will continue to grow and become a regular part of the asset mix. Kareem Sadek, Cryptoassets and Blockchain Services co-leader, KPMG in Canada, shared: “The crypto asset industry continues to grow and mature and it needs to be considered by financial services and institutional investors.” He continued: We’ve invested in a strong crypto assets practice and we will continue to enhance and build on our capabilities across decentralized finance (defi), non-fungible tokens (NFTs) and the metaverse, to name a few. We expect to see a lot of growth in these areas in the years to come. What do you think about KPMG adding bitcoin and ether to its corporate treasury? Let us know in the comments section below. View the full article

Elon Musk’s electric car company, Tesla, has filed an annual report with the U.S. Securities and Exchange Commission (SEC) showing bitcoin holdings with a fair value of almost $2 billion at the end of December. The company sees crypto as both an investment and liquid alternative to cash. Tesla Has $2 Billion in Bitcoin Tesla filed an annual report with the U.S. Securities and Exchange Commission (SEC) Friday. “We continue adapting our investment strategy to meet our liquidity and risk objectives, such as investing in U.S. government and other marketable securities, digital assets and providing product-related financing,” the company wrote, adding: The fair market value of our bitcoin holdings as of December 31, 2021, was $1.99 billion. The report explains that Tesla bought $1.5 billion worth of bitcoin in early 2021 and later accepted the cryptocurrency as a form of payment for certain products in some regions. However, the electric car company suspended accepting BTC in May last year. In October, Tesla told the SEC that it may restart accepting cryptocurrencies. Tesla’s latest financial statement shows that the company’s “carrying value” of its bitcoin at the end of December was $1.26 billion, which reflects cumulative impairments of $101 million. Tesla also “had $17.58 billion of cash and cash equivalents” as of Dec. 31. The company noted: In the year ended December 31, 2021, we recorded approximately $101 million of impairment losses resulting from changes to the carrying value of our bitcoin and gains of $128 million on certain sales of bitcoin by us. The electric car company further told the SEC, “We may increase or decrease our holdings of digital assets at any time based on the needs of the business and on our view of market and environmental conditions,” elaborating: We believe in the long-term potential of digital assets both as an investment and also as a liquid alternative to cash. Tesla’s 2021 annual report does not include income from the meme cryptocurrency dogecoin (DOGE), which the company began accepting for payments for some merchandise in January this year. Elon Musk has said on several occasions that dogecoin is the best crypto for transactions while bitcoin is more suitable as a store of value. What do you think about Tesla holding $2 billion in bitcoin? Let us know in the comments section below. View the full article

Moon is a brand new economic, and social Metaverse inspired by lunar exploration. Players have the opportunity to acquire NFT land plots, develop a new world, drive its economy and uncover the mysteries of the Moon’s dark side. The limited collection at the best possible value of 1000 land plots launches today. Launching today the first 1000 NFT lands offer the best deal possible for early adopters. Get a head start by joining Moon Metaverse during its private sale period and gain access to land containing extremely rare and valuable resources. Moon’s lunar surface is represented by 126,000 virtual HEX land plots, each represented by an NFT. Players will have the opportunity to surpass the Moon landings of the late 60s, and early 70s by controlling, developing, and expanding their HEXs into fully-functioning communities within the first lunar colony. Why Buy Moon’s Lunar Land? Each Hex grants its owner the opportunity to participate in Moon’s player-driven economy. They can be bought, sold, rented, and developed as players wish by using Moon’s native token. The value of a HEX can be increased by developing territory that is viable as an economic, political, and militaristic ‘Moon country’. NFT land passively generates the game’s tokens for the players controlling it. Through smart strategic gameplay and decision making, a player’s HEX could become home to dozens of businesses and hundreds of other players who are working and paying taxes as part of these larger countries. Each transaction on a HEX generates revenue for its landlord. Moon tokens will be earned from a range of in-game activities and can be held for long-term appreciation, sold on crypto exchanges, or simply fed back into the game to continue Hex development. As Moon’s player-driven ecosystem expands, so will greater demand for its finite plots of land, in-game resources, and tools. This will support the long-term value of the token. Moon’s lunar NFT Hexs will be a fantastic investment, opening up seemingly limitless possibilities for their owners to start earning revenue. Don’t miss this chance to be one of the first to join the Moon Metaverse. Social Media: https://twitter.com/moonmetaverse_ https://discord.com/invite/themoon https://t.me/moon_the_game https://moongame.medium.com/ This is a sponsored post. Learn how to reach our audience here. Read disclaimer below. View the full article

On February 7, 2022, a group of 17 digital asset companies revealed they formed an organization called the Crypto Market Integrity Coalition (CMIC). The well-known firms include crypto companies like Coinbase, Circle Internet Financial, Huobi Tech, Bitmex, Cryptocompare, and Solidus Labs. The newly formed group says the coalition is “committed to a safe and sensibly-regulated crypto industry.” Leading Digital Asset Firms Launch a Crypto Market Integrity Coalition 17 crypto companies and organizations have announced the launch of an advocacy group called the Crypto Market Integrity Coalition (CMIC). The coalition’s announcement says the newly formed organization aims to “cultivate a fair digital asset marketplace” by combating market manipulation and abuse. The coalition plans to “promote public and regulatory confidence in the new asset class.” CMIC consists of firms such as Solidus Labs, Coinbase, Circle Internet Financial, GSR, Huobi Tech, Anchorage Digital, Crosstower, Bitmex, Bitstamp, Securrency, Elwood Technologies, Cryptocompare, MV Index Solutions, Global Digital Finance, the Chamber of Digital Commerce, Cryptouk, and Liberty City Ventures. Furthermore, the group is inviting other digital asset industry members to join the CMIC. “Through the pledge, the coalition seeks to send an unequivocal message at this critical moment in the evolution of digital assets: The crypto industry has made enormous strides to improve market integrity in the past few years,” the CMIC announcement notes. “At the same time, crypto firms are keenly aware of the concerns that still need to be addressed, and are committed to engaging with regulators to advance solutions to crypto’s unique challenges.” CMIC’s Principle: ‘Public Confidence and Investor Protection Are Elevated Through Integrity’ The press release further details that the crypto-native risk management firm, Solidus Labs, initiated the new coalition. The group explains in the future, the coalition will initiate “training programs, sharing insights and research, dialoguing with regulators, and considering data-sharing and shared-surveillance frameworks.” Dante Disparte, the chief strategy officer and head of global policy at Circle believes “CMIC’s pledge brings leading industry participants together to advance market integrity standards.” “Harmonizing a broad global approach to digital assets and competition in the digital currency space race, can improve U.S. competitiveness, security and lower fundamental costs for basic financial access,” Disparte said in a statement. CMIC has released a web portal and introductory video explaining what the coalition is and what it plans to do. The CMIC website calls industry leaders to take the pledge which consists of three principles: Industry can drive integrity by attesting to their actions to prevent manipulation and abuse. Public confidence and investor protection are elevated through integrity. Greater integrity brings responsible crypto market growth. What do you think about the recently formed CMIC and the organization’s goals? Let us know what you think about this subject in the comments section below. View the full article

Shiba inu (SHIB) is up over 50% as of writing, with cryptocurrency markets continuing to gain momentum to start the week. The so-called ‘meme coin’ rally has seen SHIB recapture a $16 billion market capitalization. Biggest gainers On Monday, bitcoin (BTC) and ethereum (ETH) both reached multi-week highs, with DOGE and XRP also trading over 10% higher, however, none of these came close to today’s big gainer. Shiba inu (SHIB) was today’s bull of the day, and was up by 48% as of writing, hitting an intraday high of $0.00003484 in the process. In the last 24-hours, shiba Inu has risen by over 70%, following its breakout of resistance at $0.00002332. Today’s move has led to the 14-day RSI climbing by its most since October 29, when $SHIB traded at a now ATH of $0.00008894. As seen from the chart, prices now trade marginally over resistance of $0.00003374, which has been in price for the entirety of 2022 thus far. Price currently tracks above the overbought threshold, however, many late entrants are sure to still enter the race. Biggest losers Following almost 5-days of bullish pressure, crypto bears have somewhat been in hiding, and that continued on Monday. Today’s biggest loser was LEO, which as of writing, is down around 2.60%, and comes as traders appear to be caching out on last weeks’ profits. UNUS SED LEO has gained by as much as 40% in value over the last 7-days, and with its 14-day RSI tracking at 69.44, markets seem to have deemed this as being overbought. Following its rally to a now all-time high of $5.44, LEO began to consolidate, and now seems to have found a short-term ceiling at $5.22. Will the profit takers continue to liquidate their positions? Let us know your thoughts in the comments. View the full article

The crypto economy has jumped back above the $2 trillion mark after falling below that value in mid-January. Statistics indicate that the USD value of all 12,440 coins across 544 crypto exchanges is worth $2.08 trillion, up 5.2% during the last 24 hours. Crypto Economy Moves Northbound Past the $2 Trillion Mark Digital currency values have increased a great deal during the last week which has, in turn, pushed the overall value of the entire crypto-economy northbound. This means more than $500 billion returned to the crypto economy after the market carnage in January. Statistics show on January 24, 2022, the value of all the cryptos in existence was around $1.5 trillion. Since that day, the crypto economy’s USD value swelled by more than 36% climbing to $2.08 trillion on February 7, 2022. While bitcoin (BTC) dominates by 39.4%, ethereum’s (ETH) market capitalization is 17.9% of the $2 trillion in value. Coins that helped push the crypto economy’s value northbound past $2 trillion include gala (GALA), quant (QNT), leo token (LEO), mina (MINA), zcash (ZEC), shiba inu (SHIB), near (NEAR), ethereum classic (ETC), osmosis (OSMO), and decentraland (MANA), respectively. The aforementioned tokens gained anywhere between 30.3% and 95.3% in value against the U.S. dollar in the last seven days. The $10.6 billion worth of privacy coins jumped 3.8% over the last day, the net value of smart contract platforms ($691B) jumped 3.3% in 24 hours. The $41.8 billion worth of meme coin assets jumped 11.8% during the last day as dogecoin and shiba inu saw gains between 7.1% and 24.1%. Additionally, the total value locked (TVL) in defi protocols jumped 2% during the last day, rallying above $220 billion on Monday morning. Ethereum’s defi TVL dominates by 61.17% or $134.92 billion total value locked. NFT Sales Drop Over 7% This Week, Bitcoin Is Now the 9th Most Valuable Asset Worldwide While the crypto economy has jumped over $2 trillion — as numerous tokens have seen significant gains and the TVL in defi rises — NFT sales have dropped this past week. Overall sales among 1,449,578 transactions and 309,418 traders amounted to $967.5 million over the week. The weekly NFT sales metric is down 7.83% compared to last week’s NFT sales, and sales on Ethereum are down 9.15%. However, the third and second-largest blockchains by NFT sales are up this week, as Solana NFT sales climbed 5.69% and Avalanche NFT sales jumped by 36.34%. With the crypto economy above the $2 trillion mark, the value is worth more than most market valuations today. The USD value of all 12,440 coins would be ranked just above the fourth most valuable global asset, Saudi Aramco’s (Tadawul: 2222) $1.973 trillion market capitalization. However, the crypto economy’s market cap is below the market caps of gold ($11.544T), Apple ($2.813T), and Microsoft ($2.293T). Bitcoin’s (BTC) market cap today is the ninth most valuable asset in terms of overall valuation with its $821.01 billion market cap. What do you think about the crypto economy surging past the $2 trillion mark? What do you think about bitcoin joining the world’s top ten most valuable assets? Let us know what you think about this subject in the comments section below. View the full article