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News and Articles by Diana



Meta

Texas sues Meta over use of facial recognition system

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Texas Attorney General Ken Paxton has filed a civil lawsuit against Meta for collecting biometric data from millions of Texans without their informed consent. Paxton said Facebook's facial recognition system ignored state laws that prohibit the collection and sharing of Texans' biometric...

Cent

Cent suspended trading due to fakes and plagiarism

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The NFT platform Cent has suspended trading. The reasons for this decision were the sale of copied and fake NFTs from users who do not have the rights to tokenized content. The head of the marketplace Cameron Hijazi called it a "fundamental problem" in the booming digital asset...

DBS Bank

DBS Bank to launch BTC exchange focused on retail clients

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The largest bank in Singapore, DBS Bank, intends to open a digital asset trading platform focused on individual investors by the end of 2022. This was stated by its CEO Piyush Gupta at a conference with analysts. The top manager said that in the implementation of the DBS Bank initiative, “a huge...

Intel

Intel intends to develop accelerators for mining devices

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Intel recently officially announced its intention to contribute to the development of distributed ledger technology by presenting its development in the form of an accelerator for mining devices. Raja Koduri, vice president of the Computing and Graphics Department, announced this. In his statement,...

Ethereum

Ethereum fees fell to an eight-month low

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At the end of last week, ether (ETH) again fell in price following bitcoin. BTC fell below $43,000, and the leading altcoin pulled back below $3,000. On the night of Monday, February 14, ETH is trading at $2,880. Network activity on Ethereum has been weakening over the past few days. According to...

Head of CB

The head of the CB of India warned against investing in cryptos

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Private cryptos pose a “huge threat” to macroeconomic and financial stability, and investors should be aware of all the risks. That was stated by the head of the Reserve Bank of India (RBI) Shaktikanta Das. In his opinion, private digital assets could undermine the RBI's ability to maintain...

Ripple

Ripple shared its forecasts for the crypto market for 2022

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Cryptocurrency company Ripple, which includes a payment system and many other platforms, recently shared its vision for the near future of the digital space. The company's management is confident that in 2022 the number of participants in the digital asset market will rapidly increase. In addition,...

DAO

Qubit to be taken over by DAO after losing $80 million

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The development team behind the DeFi protocols Qubit Finance and Bunny Finance has announced that it will transfer project management to a DAO. At the end of January, an unknown person withdrew digital assets worth about $80 million from the Qubit pool. According to the statement, the team invested...

Bitcoin

Bitcoin did not have enough support to hold positions above $45K

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The Bitcoin (BTC) rate jumped above $45,000 the day before, but then the pressure intensified, and the coin resumed its retreat. On Friday, February 11, the largest digital currency is trading at $43,486. Thanks to yesterday's breakthrough in the bitcoin network, the share of profitable addresses...

Kenya

Another African country is interested in the CBDC project

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In Africa, a growing number of countries are considering launching their token (CBDC). Last summer, the Central Bank of Ghana began to analyze the consequences of the introduction of a regulated digital currency. Kenya has now become aware of similar plans. The Central Bank of this African state...

Bank of America

Bank Of America refuses to recognize bitcoin as a safe-haven asset

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Many analysts view bitcoin as a hedging tool. In their opinion, cryptocurrency is digital gold that protects capital from inflation. However, Bank Of America analysts believe that BTC should be classified as a risky asset class and should not be called a hedging instrument. The report of the bank...

BTC mining

Miners staged a sale of bitcoins in early February

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According to Glassnode, the fall of the market in 2022 was provoked, among other things, by bitcoin miners. They dumped part of the mined cryptocurrency, which led to a rollback of BTC below $33,000 last month. However, sales started only at the very end of January and continued into the first days...

Luno

Luno crypto exchange preparing to enter the US market

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The general manager of the conglomerate Digital Currency Group Inc, Marius Reitz, in one of his interviews, said that Luno, a cryptocurrency exchange owned by them, plans to expand its activities in the United States. It is worth noting that for this platform, which, by the way, is the largest...

Bitcoin whales

Whales have purchased 220K BTCs since the end of December

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The pressure is intensifying, and Bitcoin is in danger of falling below this psychological mark again. Over the week, the capitalization of the leading digital currency increased by 17.5% to $836.867 billion. The Santiment team drew attention to the increased activity of the largest whales holding...

Binance Coinbase

Binance and Coinbase remain the most popular crypto exchanges

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Coinbase and Binance continue to lead the ranking of cryptocurrency exchanges in terms of the number of visits. The Block Research division published a study in the middle of the week devoted to an in-depth analysis of exchange traffic. It says that traffic to marketplace websites fell by more than...

Metaverse

What is Metaverse: the concept of the new world

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Metaverse Essentials The word metaverse itself was coined by science fiction writer Stephenson in his novel Snow Crash. According to the plot, the world is experiencing a global catastrophe. The usual Internet is no longer popular, the metaverse has come instead. Instead of real life, people live...

lobbying

Crypto companies have doubled the cost of lobbying interests in the US

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Back at the beginning of last year, some companies representing the blockchain industry announced their intention to significantly increase spending to promote the concept of reasonable crypto regulation and protect the interests of the industry. Startup Cryptohead.io predicts that crypto lobbying...

Kazakhstan

Kazakhstan plans to increase the fiscal burden on miners

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Kazakhstan is included in the list of the largest bitcoin miners. This country, along with the United States and Russia, has become a place of work for miners who migrated from China in the middle of last year. The President of the Republic, Kassym-Jomart Tokayev, ordered the government to submit...

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