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Notizie sulle criptovalute e i Bitcoin

Singapore Restricts Crypto Ads — Central Bank Says Crypto Trading Not Suitable for the General Public
January 18, 2022 00:30
Singapore Restricts Crypto Ads – Central Bank Says Crypto Trading Not Suitable for the General Public

Singapore’s central bank has issued guidelines to discourage cryptocurrency trading by the general public. The central bank emphasized that “the trading of cryptocurrencies is highly risky and not suitable for the general public.”

Singapore’s Central Bank Discouraging Crypto Trading by the General Public

The Monetary Authority of Singapore (MAS), the nation’s central bank, announced Monday that it has issued guidelines “to discourage cryptocurrency trading by [the] general public.”

The guidelines restrict cryptocurrency trading service providers from promoting their digital payment token (DPT) services to the general public. DPT is commonly known as cryptocurrency, the MAS clarified.

The central bank explained that companies should not market or advertise crypto services in public areas in Singapore or use third parties, such as social media influencers, to promote cryptocurrency services to the general public.

Companies can only market or advertise crypto services on their own corporate websites, mobile applications, or official social media accounts.

Loo Siew Yee, the MAS’ assistant managing director for policy, payments, and financial crime, noted that the central bank “strongly encourages the development of blockchain technology and innovative application of crypto tokens in value-adding use cases.” However, she stressed:

But the trading of cryptocurrencies is highly risky and not suitable for the general public. DPT service providers should therefore not portray the trading of DPTs in a manner that trivializes the high risks of trading in DPTs, nor engage in marketing activities that target the general public.

The MAS emphasized that crypto service providers “should conduct themselves with the understanding that trading of DPTs is not suitable for the general public.”

The Singaporean central bank has repeatedly warned that cryptocurrency trading is “highly risky and not suitable for the general public” given how the prices of these coins are subject to sharp speculative swings.

About 170 companies have applied to provide crypto services in Singapore. However, more than 100 of them have either been turned down or withdrawn their applications.

What do you think about Singapore’s central bank restricting cryptocurrency ads to discourage the public from investing in cryptocurrency? Let us know in the comments section below.

25% of US Adults Plan to Start Investing in Crypto, Survey Shows
January 17, 2022 22:30
25% of US Adults Plan to Start Investing in Crypto, Survey Shows

A U.S. consumer survey shows that 25% of respondents who currently do not own cryptocurrency plan to start investing in crypto. “2021 was a good year for crypto. Of the respondents that own crypto, more than half reported that they had just started investing in the space within the last year.”

‘2021 Was a Good Year for Crypto’

Cryptocurrency exchange Huobi released a report titled “Crypto Perception Report 2022” Thursday. The report includes “an in-depth survey to learn how the average person views cryptocurrencies, their thoughts on emerging trends, and if they plan on investing in the space in the future,” the company detailed.

A total of 3,144 U.S. adults aged 18 and over participated in the survey, 47% of whom were men.

“The crypto industry has seen mainstream growth in 2021, but it’s still a niche topic among most people,” the report describes, elaborating:

2021 was a good year for crypto. Of the respondents that own crypto, more than half reported that they had just started investing in the space within the last year.

According to the results, “47% of respondents say that they don’t own crypto and don’t plan to” and “about 28% of respondents indicate that they currently do own crypto.” The report adds:

25% say that while they don’t own crypto at the moment, they plan to in the future, indicating that they remain curious about the emerging field.

When asked how they feel about the future of the crypto industry, 42% said they are ambivalent and do not know much about it, while 23% said they’re not confident and think “it’s all a scam/bubble and going to collapse.” Meanwhile, 19% think the crypto industry will transform the definition of money and 16% think it will grow, but not by much.

25% of US Adults Plan to Start Investing in Crypto, Survey Shows

As for the reasons for investing in cryptocurrency, 40% chose “longer investment potential” as the answer, 27% picked “general interest,” and 18% said “short-term investment potential.”

Meanwhile, the sectors that crypto investors believe to be the most promising are non-fungible tokens (NFTs) and decentralized finance (defi) — both were chosen by 37% of respondents. The third most promising area is the metaverse, chosen by 36% of respondents.

What do you think about this survey? Let us know in the comments section below.

ADALend: A New Perspective On Native Cardano DeFi From the Eyes of ADALend’s CEO
January 17, 2022 22:00

A scalable, trustless, and decentralized lending protocol called ADALend is being developed to allow users to operate in a self-governed environment. They made a commitment from the beginning to build natively on the Cardano blockchain, which will allow the lending platform to aggregate protocols that support business models that provide economic support to billions of customers.

According to a recent interview with Kaspars Koskins, CEO at ADALend, The company will be an innovative platform to lend digital assets backed by the technology of smart contracts. The platform will allow its users to extend loans to those who are in need of them. Forget the middleman and the bureaucracy of traditional lending; leverage the decentralization offered by blockchain to control your assets while making a profit. The platform will serve as a store of value, so users’ assets will grow in value as the demand increases while you are earning a return on your money.

Kaspar’s Perspective on Decentralized Cardano

Kaspar went on to explain how Ethereum has been plagued with problems. The first issue is the cost of transaction fees it takes to send a payment. Because of these fees, Ethereum is currently being displaced by other more efficient and cost-effective networks to users from around the world and to other regions around the world that are even more sensitive to the high transaction cost in comparison to the transaction value.

Kaspar is a firm believer that Cardano is currently more decentralized and reliable than any other network in the market, including Solana, which is heavily centralized. He explained that Cardano is the only genuinely decentralized blockchain that has the security, speed, and low transaction fees needed to provide a truly democratic financial solution that every person on the planet can use.

Towards a Cardano-Native Platform

In terms of technology, ADALend will be able to take advantage of the enormous digital currency management market by utilizing the Cardano blockchain. ADALend enables blockchain-powered liquidity by allowing anyone to delegate their digital assets and make them accessible for a loan. The platform is geared toward becoming Cardano-native, which is being developed with Haskell and Plutus while working within the constraints of Smart Contracts on the Cardano Blockchain.

Kaspar went on to note that ADALend has been included in Input-Output Hong Kong (IOHK”Essential )’s Cardano List” of projects that support and provide Cardano users with products and services. They are also on CardanoCube.io, with the Business Development team hard at work on some exciting partnerships that they will announce soon.

More about ADALend: https://adalend.finance

Join Our Discord: https://discord.gg/afTpq4mQRG

Join Private Round: privatesale@adalend.finance

 

 


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15 Privacy Coins See Double-Digit Weekly Gains, Monero Jumps 13%, Secret Gains 50%
January 17, 2022 20:30
15 Privacy Coins See Double-Digit Weekly Gains, Monero Jumps 13%, Secret Gains 50%

Despite the fact that regulations have tightened and bureaucrats worldwide are scrutinizing cryptocurrency usage, a few privacy coins have jumped considerably higher in value over the last week. Monero jumped 13% during the last seven days, while the token secret increased 50%, and dusk spiked by 47% this past week.

Monero, Secret, Dusk Network Values Spike

This week a few privacy-centric crypto assets have seen double-digit percentage gains over the last seven days. According to metrics stemming from coingecko.com’s list of privacy coin market capitalizations, there’s $12.2 billion worth of these types of assets.

Monero (XMR) has the largest market valuation on January 17, 2022, with $3.9 billion. The past 24-hour range of trading shows that XMR has been exchanging hands for $212.45 to $229.66 per unit. Over the last seven days, monero (XMR) has increased 13% against the U.S. dollar. Year-to-date, XMR is up more than 38% since this time last year.

Zcash (ZEC) holds the second-largest privacy coin market valuation with $1.6 billion. However, ZEC has shed 3.6% during the last seven days of trading. Since this time last year, zcash has gained 24% in value against the U.S. dollar.

The crypto asset secret (SCRT) spiked 50% during the last week and SCRT currently has a market valuation of around $1.4 billion. Decred (DCR) managed to increase in value over 14% during the last week as well. Dusk network (DUSK) jumped over 47% in value over the last seven days and has a market valuation of around $390 million.

30 Privacy-Centric Coins Made Gains This Week, 8 Privacy Tokens Outpaced Monero’s Gains

Other notable privacy coin spikes in value this week stemmed from coins like bitcoinz (BTCZ), apollo (APL), veil (VEIL), masari (MSR), and bitcoin private (BTCP) respectively. All of these aforementioned privacy tokens saw double-digit gains against the USD this past week.

A total of eight privacy tokens outpaced monero’s (XMR) 13% weekly gain. However, XMR’s market valuation represents 32.25% of the aggregate value of all the privacy coins while ZEC’s market cap dominates by ​​12.90% this week.

A total of 15 privacy-centric cryptocurrencies saw double-digit gains this week, while 30 privacy coins in total have seen weekly gains in general above the 1% range.

Secret (SCRT), the third-largest privacy coin market cap, represents 11.29% of the $12.2 billion worth privacy tokens today. Decred (DCR) represents 7.14% of today’s $12.2 billion privacy coin-centric crypto economy.

What do you think about the privacy coin markets this past week and the double-digit gains coins like monero, secret, and dusk network saw? Let us know what you think about this subject in the comments section below.

Bitcoin, Ethereum, Monero Hashrates Tap Lifetime Highs — Dash, ETC, LTC Hashpower Lower Than Prior ATHs
January 17, 2022 18:30
Bitcoin, Ethereum, Monero Hashrates Tap Lifetime Highs — Dash, ETC, LTC Hashpower Lower Than Prior ATHs

During the first month of 2022, both Bitcoin and Ethereum’s hashrates have climbed to all-time highs (ATHs). While Bitcoin’s hashpower surged to over 200 exahash per second (EH/s), Ethereum’s hashpower jumped to over 1 petahash per second (PH/s). A few mineable digital asset networks, however, saw their hashrates decline since their ATHs and the processing power behind these protocols hasn’t returned back to the highs captured long ago.

While Some Hashrates Skyrocket, Processing Power From Other Crypto Networks Remains Lackluster

At the time of writing, Bitcoin’s processing power is coasting along above the 200 exahash per second (EH/s) zone, after touching the ATH it captured on January 15. Six-month hashrate statistics indicate that on Sunday, January 16, 2022, BTC’s hashrate tapped a daily high of 216.50 EH/s.

The top three mining pools on Monday, January 17, include F2pool, Foundry USA, and Antpool, respectively. All three pools have more than 15% of the global hashrate or 29 EH/s of hashpower.

Six-month and all-time metrics also show that Monero’s network hashrate is coasting along at all-time high records as well, with about 3.49 gigahash per second (GH/s) at press time.

In close to four days’ time, Bitcoin’s network difficulty is expected to increase 6.24% which will bring the network difficulty to an all-time high. The estimated difficulty after the next epoch change will be around 25.89 trillion, according to data at the time of writing.

Ethereum’s network hashrate is also managing to hold the 1 PH/s range after first tapping this goal in December 2021. The top mining pool on the Ethereum network is ethermine.org with 295 terahash per second of hashrate, and the percentage of ETH hashrate on Nicehash is 3.66%.

While networks like Bitcoin, Ethereum, and Monero have seen all-time highs, networks like Litecoin have not seen new hashrate ATHs in recent times. LTC’s network hashrate on Sunday is 368.96 TH/s, but during the first week of July 2019, LTC’s hashrate tapped an ATH at 468.50 TH/s.

Today, Dash has a hashrate of around 5.24 PH/s, but in September 2020 it hit 7.14 PH/s. In total, that’s a 26.61% decrease in the network’s hashpower in 16 months.

The Ethereum Classic network has an overall hashrate of 20.37 TH/s on January 17, which is lower than the network’s ATH in June 2021 at over 23 TH/s.

What do you think about Bitcoin, Ethereum, and Monero’s recent hashrate highs? What do you think about the networks that have not returned to ATHs reached months ago? Let us know what you think about this subject in the comments section below.

PlaceWar Co-Founder Myrtle Anne Ramos Talks Gamified Internet Culture, Metaverse and Play-to-Earn
January 17, 2022 17:30

PlaceWar is a decentralized strategic play-to-earn game universe deployed on a multi-chain with highly engaging artillery gameplay that allows players to create and define the outlook of the in-game world through building, battles, and alliances.

Myrtle Anne Ramos is the Co-Founder and CEO of PlaceWar. She recently joined the Bitcoin.com News Podcast to talk about the game:

Myrtle Anne Ramos is the founder of the Award Winning PR Firm of 2020 by PitchDeck Asia (Marketing, Growth Hacking, Sales, Social Media Management, Giving opportunities to people, Media Distribution Services, Investor Relations, Public Relations) Official Influencer of CoinMarketCap. A scholar graduate of Draper University for Blockchain & Entrepreneurship powered by Tezos. She is currently the VP of Growth & Partnerships of GokuMarket.

Follow the project on: Twitter Telegram Telegram ANN Facebook LinkedIn Discord Youtube TikTok Reddit LinkTree


The Bitcoin.com News podcast features interviews with the most interesting leaders, founders and investors in the world of Cryptocurrency, Decentralized Finance (DeFi), NFTs and the Metaverse. Follow us on iTunes, Spotify and Google Play.


This is a sponsored podcast. Learn how to reach our audience here. Read disclaimer below.

 

Report: Walmart Trademark Filings Hint at Retailer’s Intent to Produce Metaverse and NFT Concepts
January 17, 2022 16:30

According to a recent report, the American multinational retail corporation that operates a chain of department stores, Walmart Inc., is seemingly prepping to enter the industry of non-fungible token (NFT) technology and metaverse concepts.

Walmart USPTO Trademark Filings Are Littered With Descriptions of NFTs, Blockchain Tech, Digital Collectibles, Metaverse, and Virtual Department Store Games

  • On January 16, CNBC contributor Lauren Thomas published a report that says “Walmart is quietly preparing to enter the metaverse.” That’s according to seven filings stemming from the U.S. Patent and Trademark Office (USPTO).
  • The trademark filings discuss cryptocurrency solutions, blockchain technology, and non-fungible token (NFT) assets. One specific filing describes downloadable software that can leverage digital currencies and concepts like augmented reality.
  • In a statement sent to Thomas, Walmart told the reporter that the multinational retail corporation is “continuously exploring how emerging technologies may shape future shopping experiences.” However, Walmart declined to tell Thomas about the seven specific trademarks.
  • “We are testing new ideas all the time,” a Walmart spokesperson said to the reporter. “Some ideas become products or services that make it to customers. And some we test, iterate, and learn from.”
  • Another Walmart USPTO filing talks about a virtual reality (VR) game that features a virtual version of a Walmart store and a great number of goods the retail chain sells. The virtual items or NFTs could represent healthcare items, personal care products, patio furniture, electronics, appliances, apparel, and sporting goods.
  • The filing follows Walmart looking to hire a “digital currency and cryptocurrency product lead” in mid-August 2021. “As digital currency/ cryptocurrency lead at Walmart you will be responsible for developing the digital currency strategy and product roadmap,” the Walmart job listing said at the time.
  • Walmart follows a myriad of retailers and well known brands trying to capitalize on metaverse concepts, NFT tech, and Web3. Companies that have jumped headfirst into the growing blockchain industry include Samsung, Gap, Adidas, Nike, Hennessy, Coca-Cola, and Pepsi-Cola.
  • The companies Crocs, Urban Outfitters, Ralph Lauren, and Abercrombie & Fitch have also filed USPTO trademarks tied to digital collectibles and blockchain technology.
  • The seven trademarks are not the only trademarks and patents Walmart has filed that discuss blockchain technology and cryptocurrencies. In August 2019, it was discovered that Walmart filed a patent that talks about the creation of a stablecoin concept.
  • “The digital currency may be pegged to the U.S. dollar and available for use only at selected retailers or partners. In other embodiments, the digital currency is available for use anywhere. The digital currency can provide a fee-free, or fee-minimal place to store wealth that can be spent, for example, at retailers and, if needed, easily converted to cash,” Walmart’s 2019 filing explains.

What do you think about Walmart’s seven trademarks that discuss blockchain tech, NFTs, and crypto assets? Let us know what you think about this subject in the comments section below.

Cardano Price Surges After Metaverse Project Launch, ADA Gains More Than 30% in 7 Days
January 17, 2022 14:30
Cardano Price Surges After Metaverse Project Launch, ADA Gains More Than 30% in 7 Days

The smart contract token cardano has surged in value during the last 24 hours after a metaverse project called Pavia launched. Seven-day statistics indicate that cardano’s price has spiked 30.9% over the week and took over the fifth-largest crypto market cap position on Sunday evening (EST).

NFT and Metaverse Project Pavia Pushes Cardano’s Price Higher

Cardano (ADA) has seen a price increase during the last seven days and 24-hour stats show ADA has jumped 9.5% against the U.S. dollar. Cardano is a smart contract network, similar to Ethereum, and during the last 12 months the crypto asset has risen in value by 336.5%. However, Cardano has been criticized in recent months over the project’s smart contract capability and the fact that ADA-based decentralized finance (defi) and non-fungible token (NFT) assets were nearly non-existent.

In recent times, that has changed and today, defillama.com metrics indicate that there is close to $3 million total value locked in Cardano-based defi protocols. Furthermore, Cardano-based NFTs are now entering the NFT space with projects like Clay Mates, Yummi Universe, Spacebudz, Pavia, and Cardano Kidz.

Cardano Price Surges After Metaverse Project Launch, ADA Gains More Than 30% in 7 Days

On January 15, 2022, the NFT and metaverse project called Pavia.io officially launched and ADA supporters believe it will be a competitor to blockchain metaverse protocols like The Sandbox and Decentraland. Pavia’s website says:

Create, explore and trade in the first-ever Cardano virtual world owned by its users.

Pavia’s Map Has a Total of 100,000 Virtual Parcels, Cardano’s Price Still 50% Lower Than All-Time High

The Pavia announcement notes that 100,000 plots have been minted as non-fungible token (NFT) assets. According to the website, citizens of the U.S. and U.K. were banned from the land sales that took place at the end of 2021. Land sale 1 saw 29,000 parcels sold, while the second land sale saw 31,000 parcels sold. Additionally, the project took a wallet snapshot in December to airdrop 25% of the project’s PAVIA utility tokens to the Cardano-crafted metaverse patrons.

Cardano Price Surges After Metaverse Project Launch, ADA Gains More Than 30% in 7 Days

Pavia’s name stems from the Italian birthplace of the renowned mathematician Gerolamo Cardano. “In total Pavia.io has some 100,000 Land parcels, each being minted as a unique NFT with coordinates. At the time of writing the project has sold some 60% of these Land parcels from October thru November 2021. A final is scheduled for Q1 2022,” the project’s launch announcement details.

While the global cryptocurrency market economy today has dropped 1.3% in the last 24 hours to $2.17 trillion, ADA has managed to stave off the losses. ADA has $3.3 billion in global trade volume today and a market valuation of around $48.9 billion. While ADA has seen an increase in recent times, it is still more than 50% lower than its all-time high (ATH) five months ago on September 2, 2021, at $3.09 per unit.

What do you think about Cardano’s metaverse push and the rise in price after Pavia’s metaverse project launched? Let us know what you think about this subject in the comments section below.

Dock Launches Ambassador Program
January 17, 2022 14:00

PRESS RELEASE. On a mission to increase brand awareness, grow the community, and promote their upcoming projects, Dock has launched an Ambassador program. In return for executing various tasks including creating extra content to promote an update or launch, translating a blog post, or sharing social media posts, Ambassadors will earn rewards in DOCK tokens.

Dock is seeking ambassadors from a wide variety of skills backgrounds to join the program, they will play an important role in growing and maintaining Dock’s community, set up local language groups, translate blog posts, and could even start a Hackathon on behalf of Dock.

Sign up

Fill in this application form and submit it to Dock. They’ll review the application and get back to any submissions. Successful applicants will be required to go through an automated KYC process, proving their identity and capabilities before becoming an official Ambassador.

Dock Ambassadors will be paid quarterly based on their output of work and content in that quarter. Dock is looking for a number of individuals capable of helping promote Dock’s own content, someone who can manage and maintain, as well as grow the community.

Rewards will vary depending on the quantity and quality of output, and Dock will provide a rewards guideline upon application.

CEO of Dock, Nick Lambert commented “The Dock team is growing rapidly and as the project begins to scale, we’d like to grow increasingly stronger ties with our community. I think the Ambassador Program represents a great chance for those active community members to share in the rewards and help promote Dock’s products and projects.”

To help the successful applicants get started, Dock has worked on various images and digital assets. Ambassadors are encouraged to create their own content and graphics, as long as it adheres to Dock’s brand guidelines. On top of this, Ambassador’s will be able to network with other Ambassadors from all over the world. All Ambassadors will share a private Discord chat with members of the Dock team where they can share and collaborate on new ideas.

For those interested in joining the program, complete this form and submit it to the Dock team. Successful applicants will be required to go through an automated KYC process, after which they will become a Dock Ambassador. For more information, check out their blog here.

About Dock

Dock is a platform designed to provide a simple solution for businesses and developers to build, manage and present digital credentials that are instantly verifiable using blockchain technology. The Dock utility token (DOCK) plays a key role in aligning incentives across all of the Dock network’s participants including issuers, validators, token holders, and the Dock Association, and ensures collaboration and growth. Find out more here.

For more information, contact the Dock team at marketing@dock.io.

 


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.

Business Advisory Firm Expects Criminal Cryptocurrency Transactions to Fall by 30% by 2024
January 17, 2022 12:30
Business Advisory Firm Expects Criminal Cryptocurrency Transactions to Fall by 30% by 2024

Gartner, an advisory firm, has predicted that criminal cryptocurrency transactions or transfers will fall by 30% by 2024. The firm says factors such as the transparency of the blockchain, as well as the democratization of fraud prevention tools, will contribute to this decline in such transactions.

Blockchain Transparency

Despite the surge in the value of crypto-related crimes recorded in the past year, Gartner, a business advisory firm, predicts that “successful cryptocurrency thefts and ransomware payments will drop by 30%” in two years’ time. According to Gartner, such a drop will stem from “criminals’ inability to move and spend funds off-blockchain networks.”

In an article published on the firm’s blog, Gartner explains that this prediction is predicated on four main factors and one of such factors is the transparency of blockchains which renders them less than ideal for bad actors. In explaining why such transparency is key, the blog post states:

Contrary to popular lore, cryptocurrencies are not a haven for anonymous criminals. In fact, armed with smart analytics, it’s easier to follow money trails on blockchains than it is on legacy payment networks, however a circuitous route they may take.

To illustrate this point, the article refers to the 23 blockchains which it says “make up approximately 99% of all blockchains’ market cap.” According to Gartner, it is easier to integrate the so-called anti-blockchain-fraud systems with the 23 blockchains than with thousands of enterprise systems and payment networks.

Although the turning of blockchain metadata into useful information might prove challenging, the advisory firm’s article concludes that when this is done properly it gives those going after criminals the ability to flag suspect payments and addresses.

Democratization of Fraud Prevention Tools

Another factor, which according to the Gartner blog article will contribute to the decline in crypto crimes, is the democratization of fraud prevention tools that are currently being used by blockchain intelligence firms.

Increasing anti-ransomware measures imposed by governments, as well as the fact that most blockchain-related transactions go through regulated virtual asset service providers (VASPs), means criminals will increasingly favor moving ill-gotten funds through opaque legacy payment networks than via the blockchain.

What are your thoughts on this story? Tell us what you think in the comments section below.