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News and Articles by Diana



Ireland

Irish authorities ban political donations in cryptocurrency

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A new law in Ireland will ban all types of political donations in the form of cryptocurrencies. The government fears that this form of political financing undermines the country's sovereignty and makes it easier for outside interference in its internal affairs. The law was initiated by Minister...

Bitcoin exchange balance

Bitcoin exchange balance decreased by 5% in 2022

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According to the Glassnode platform, the number of bitcoins on exchanges is now at its lowest level since August 2018. The decrease in the BTC exchange balance is observed against the backdrop of a decrease in the value of the cryptocurrency. On Tuesday, April 19, Bitcoin is trading at $40,732. In...

Central bank

Former head of the CB of China didn't see threats to SWIFT in digital yuan

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The digital yuan is primarily intended for the public and merchants, not to replace SWIFT or weaponize the currency. This was stated by the former head of the People's Bank of China Zhou Xiaochuan. The expert emphasized that e-CNY is not necessarily suitable for cross-border payments. For such...

Hyundai

Hyundai will release a limited collection of NFT

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South Korean automaker Hyundai has announced a collaboration with the Meta Kongz project to create a limited collection of 30 non-fungible tokens. The issue is dedicated to the company's first compact car, the Pony. It is expected to take place in May. In an animated teaser, Hyundai showed a model...

Metamask

MetaMask warned Apple users about the risk of losing funds

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The MetaMask team has warned non-custodial wallet users about the risks of storing data in Apple iCloud due to possible phishing attacks. “If you have enabled iCloud backup of app data, it includes password-protected MetaMask storage. If it's not secure enough and someone phishes your data from...

Institutional investors

Institutionalists follow an accumulative strategy

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The increasing interest of institutional investors in bitcoin is evidenced by data on the reduction of the cryptocurrency exchange balance. CryptoQuant analysts estimate that the recent transfer of 30,000 BTC from the Coinbase platform to offline storage confirms the commitment of the big players...

Gemini

Gemini Exchange Launches Crypto Credit Card

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Crypto credit cards developed by the Gemini exchange became available to American users. The company has released a new product in partnership with WebBank and MasterCard payment system. The card is available to residents of 50 states, and Gemini announced its intention to develop such a product...

Amazon

Amazon has no plans to launch cryptocurrency payments yet

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Last year, some media began to spread information that the online retailer Amazon allegedly plans to start accepting cryptocurrency when paying for goods and services. However, soon the press service of the giant called these messages fakes. CEO Andy Jassi reiterated in an interview this week that...

Easter Bunny

Easter Bunny’s Adventure Slot Tournament

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On 17 April, we celebrate our favourite spring holiday - Easter. The festivities start early on 1xBit as we have prepared something extraordinary this year for all of you. With Easter Bunny’s Adventure, you will have the chance to go on an egg hunt and search for various gifts hidden all around...

Uniswap

Investors accuse Uniswap Labs of violating securities laws

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A group of US investors led by Nessa Risley filed a class-action lawsuit against Uniswap Labs. They accused the developer of the popular DEX of non-compliance with securities laws, resulting in losses. In addition to the company, the plaintiffs also mentioned its founder Hayden Adams and investors...

Larry Fink

The head of BlackRock announced the company's interest in crypto

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Asset manager BlackRock plans to become Circle's primary reserve manager and is also considering expanding into the cryptocurrency market. This was during a teleconference, said the head of the investment giant Larry Fink. In April, BlackRock participated in a $400 million funding round behind the...

Meta

Meta will set almost 50% commission on sales in the metaverse

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Meta intends to charge a 47.5% commission on sales of digital goods in the Horizon Worlds metaverse. The reward structure includes a 30% fee towards the Meta Quest Store for VR headsets and a 17.5% fee for Horizon Worlds. On April 11, the corporation announced that it had opened the ability for...

Nomad

Nomad cross-chain bridge developers raise $22 million

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The team behind the Nomad cross-chain bridge closed a $22 million seed funding round at a $225 million valuation led by Polychain Capital. Funding was also provided by 1kx, Ethereal, Hack VC, Circle Ventures, Amber, Archetype, Lattice, A&T Capital, Hypersphere, Dialectic, Breyer Capital,...

Meta

Meta has been criticized for its plans to join the Metaverse

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The so-called "whistleblower" Facebook Francis Haugen gave an interview to the popular publication Politico. In a conversation with reporters, a former employee of the social network expressed concern about Meta's inclusion in the metaverse. Haugen became famous all over the world when,...

Genies

Genies NFT project raises $150M at $1B valuation

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NFT avatar-focused project Genies closed a $150M funding round led by Silver Lake. Investors valued the firm at $1 billion. Genies provides users with the ability to create virtual avatars. The latter can be used in the metaverses along with various items in the form of non-fungible tokens. The...

Exchange

Exchanges forcibly liquidate positions worth more than $430M

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The fall of bitcoin to its lowest levels since mid-March provoked another large-scale position in the futures market. Liquidations amounted to just over $430 million in the last 24 hours. The exchange cancels the trader's position in case of partial or complete loss of his initial margin....

Bitcoin

The cost of bitcoin has fallen by 13% since the beginning of April

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In April 2022, the capitalization of bitcoin decreased by about 13% to $762.989 billion. The BTC rate on Tuesday, April 12, fell below $40,000 for the first time since March 16. The coin quickly bounced back, and already during the European session, it bounced to $40,179. Ether (ETH) and Binance...

Hayes

Arthur Hayes commented on the deteriorating position of Bitcoin

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According to Arthur Hayes, co-founder of the BitMEX crypto exchange, Bitcoin is in danger of falling to $30,000 already in the current cycle. An industry representative commented on the current position of the cryptocurrency and noted that along with BTC, the fall of most altcoins is inevitable....

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