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Has Twitch Banned Crypto Livestream Gaming? Here’s More About It

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Twitch, owned by Amazon Inc., has announced that it will ban crypto gambling content. This will be implemented from next month, October 18.

Live broadcasts of slots, roulette, and dice games on websites such as Stake.com, Rollbit.com, and Duelbits.com are not permitted.

This ban comes after the backlash owing to controversial crypto gambling livestreams against multi-million dollar sponsorship deals which have been enjoyed by many eminent Twitch personalities.

These livestreaming gambling sites like Stake.com, Rollbit, and Duelbits.com are not licenced in the U.S. or other jurisdictions that are responsible for providing consumer protection.  Read more...

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Ethereum Layer 3 Protocols Might Be A Thing, Here’s What To Expect

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With the completion of the Ethereum Merge, founder Vitalik Buterin has turned his attention to other things that could help improve the network. Ethereum Layer 2 protocols had been big business back in the bull market of 2021, and even now, they continue to gather support from network users who continue to use these roll-ups. Now, Buterin has pointed to the possibility of Layer 3 protocols on the network. Here’s what he expects them to do.

Ethereum Layer 3 Protocols  Read more...

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Indian Crypto Traders Move To Binance And FTX, Here’s Why!

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Changpeng Zhao, crypto platform Binance’s CEO, is serious about securing its position in the Indian market for crypto trading owing to a shift in the tax structure in India.

Binance currently has an edge over its competitors in the Indian market because it doesn’t include the high taxes or difficulty in moving money in and out of the trading platforms.

The number of downloads of the Binance app in India has increased to 429,000 in the month of August.

It has been the highest this year and is close to triple that of the second-ranked CoinDCX, according to data from market intelligence firm Sensor Tower.  Read more...

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Uniswap Blocked 253 Crypto Addresses, Here’s Why

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Uniswap the Decentralised exchange has blocked 253 crypto addresses over the last four months that it worked with TRM Labs, which is a blockchain analytics firm. The reason behind the blocking was tied to connections with stolen funds.

This makes it the first ever time Uniswap disclosed data which is related to wallet blacklisting. These stolen funds were related to transaction mixing services that included Tornado Cash which was received as sanction from the US Treasury.

This data regarding embezzlements was furnished on GitHub by Uniswap software engineer Jordan Frankfurt. According to Yearn Finance developer Banteg had posted a tweet which comprised that Uniswap had blocked 253 crypto addresses.  Read more...

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Here’s Why Scaramucci Expects Bitcoin Price To Reach $300,000 Before 2030

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The market recovery has seen the bitcoin price reach higher highs than expected in the short term. This has come following the announcement that the inflation rate of the US is slowing down, and more investors are bullish once more in the market. But even as the price of bitcoin continues to rise, there is still much more bullishness for the future of the digital asset. Some, like in the case of Skybridge Capital, expect the digital asset to touch as high as $ 300,000.

Bitcoin Price To $ 300,000  Read more...

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Here’s Why Vitalik Buterin Believes Crypto Payments Will Become Mainstream

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Crypto payments have become more popular, especially following the bull market run in 2021. There are now millions of merchants worldwide accepting cryptocurrency payments through direct and indirect integrations. Even big corporations have jumped on the bandwagon.

Nevertheless, crypto payments still remain in their very early stages. There are still a good number of places worldwide where users cannot pay for goods and services using cryptocurrencies. However, Ethereum founder Vitalik Buterin expects this to change soon.

Crypto Is Going Mainstream  Read more...

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Dogecoin Is Elon Musk’s Favorite Cryptocurrency, Here’s Why

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Billionaire Elon Musk has been Dogecoin’s biggest supporter, and he has not been shy to say it. It was indeed the SpaceX CEO’s tweets that triggered the bull rally that saw the meme coin hit a high of $ 0.7 last year before starting its slow downtrend. However, even with the fact that Dogecoin has seemingly lost most of its gained value, Elon Musk has not relented on his support for Dogecoin and explained why he loves it in a recent podcast.

What’s Not To Love?  Read more...

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Here’s When A Finder’s Panel Of Experts Expect Dogecoin To Reach $0.6

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Dogecoin was one of the most prominent cryptocurrencies in 2021 to go on a remarkable rally. The digital asset had been much in obscurity before Elon Musk had begun his legendary shilling spree, and with support from one of the richest men in the world, Dogecoin’s price had risen to as high as $ 0.7. The meme coin has since lost most of that value, though, with investors hoping that it makes another run, but a Finder’s panel seems to have other ideas.

Dogecoin Will Continue To Struggle  Read more...

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Crypto Exchange ZB.com Reportedly Loses $4.8 Million To Hackers – Here’s What We Know

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Crypto exchanges have become popular for enabling consumers to purchase, sell, swap, and store digital assets.

However, research has shown that exchanges have been easy prey for hackers, especially as the popularity and price of specific crypto currencies has skyrocketed.

Typically affecting thousands, if not millions, of users and resulting in the theft of hard-earned assets, crypto exchange hacks are exceptionally destructive.

The cryptocurrency trading platform ZB.com may be the most recent target of cybercriminals. PeckShield, a blockchain analytics company, estimates that ZB lost approximately $ 4.8 million from its hot wallets on Wednesday.  Read more...

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Robinhood’s Crypto Department Got Fined For Violations; Here’s What We Know

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Robinhood’s crypto related activities have been on an expansion but it has now been charged with regulatory violation. The recent-most regulatory concern was surrounded around violating anti-money laundering and cybersecurity rules.

A New York State department stated that the crypto unit of Robinhood had defied certain regulations and was penalised for it. The Robinhood Markets Inc’s crypto wing was fined $ 30 million by New York’s financial regulator.

In the first crypto-related enforcement, the New York State Department of Financial Services (NYDFS) had imposed a fine on the cryptocurrency trading subsidiary of online brokerage owing to breach of cybersecurity standards and anti-money laundering rules.  Read more...

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Here’s Why Filecoin (FIL) Is Trending With Double-Digit Gains

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Filecoin has been recording gains even amid the retracement that has been happening in the market. The token has not only been one of the few to be in the green over the past day, but it has also seen double-digit growth during this time. This raises the question of why a token that usually tends to fly under the radar has now made its way to the top spot of trending cryptocurrencies. As always, there is a big announcement behind the rally.

Filecoin Partners With Harvard  Read more...

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Ethereum Vs Bitcoin: Vitalik Buterin Calls Michael Saylor A ‘Total Clown’ – Here’s Why

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Ethereum founder Vitalik Buterin doesn’t take criticisms lightly.

Michael Saylor, the chief executive officer of MicroStrategy – and one of the most notable personalities in the cryptocurrency industry, has apparently incensed Buterin with his assertion that Ethereum is “inherently unethical” because its creation violates biblically-based securities laws.

Buterin referred to Saylor as a “total clown” in a tweet on Sunday, following the release of a YouTube video in which Saylor characterized all cryptocurrencies other than Bitcoin as missing good ethical foundations and a “biblical” basis.

Suggested Reading | Ethereum Creator Says Facebook’s Metaverse Attempt Will Fail  Read more...

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Japan’s Crypto Lobby Group Push For Tax Cuts; Here’s Why!

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Japan has lost local businesses to other nations, those that have been more welcoming of the industry. Due to unfavourable trade conditions, holding onto digital coins after the creation process becomes unstainable in terms of the cost to businesses.  Read more...

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Tighter Crypto Regulations Says Singapore’s Central Bank, Here’s Why

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Singapore has decided to strengthen and broaden its crypto regulatory framework amid the crypto downturn.

Monetary Authority of Singapore (MAS) is set to toughen the framework on crypto platforms over the upcoming months.

This move by MAS comes after witnessing the industry’s meltdown. Ravi Menon, Managing Director of MAS, is of the opinion that investing in cryptocurrencies remains extremely risky.

The tightening of the scope of digital asset regulations is now going to look into more activities and also rigidify retail investors’ access to the virtual currency according to the recent rules.  Read more...

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Coinbase Rumors Going Insolvent Grow – Here’s What People Are Saying

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Insolvency rumors regarding Coinbase, the largest US-based crypto exchange, going insolvent are currently circulating in the virtual stratosphere. Are they true?

It’s not clear yet. What is clear though is that rumors like these are not good to the overall health of the broader crypto market.

What the crypto space needs today is news like new companies launching, hiring new employees and crypto price skyrocketing.

Two new victims have been taken by the crypto collapse, and it is probable that more will follow. Last week, venture capital firm Three Arrows Capital and cryptocurrency broker Voyager Digital both declared bankruptcy within a few days of one another.  Read more...

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New High Tax Rate On Crypto Miners In Kazakhstan, Here’s Why

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Kazakhstan has imposed new tax rules on crypto miners, this new taxation system shall be differentiating the tax rates on crypto mining. It also includes crypto miners that use renewable energy resources. President of Kazakhstan Kassym-Jomart Tokayev has signed this law which shall be amended into the country’s Tax Code.

The amount of tax levied shall be related to the amount and average price of electricity that miners are consuming during the extraction of cryptocurrencies such as Bitcoin. There has been constant attempts to regulate crypto mining activities including Bitcoin and other cryptos in Kazakhstan.  Read more...

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Is The Bitcoin Price Bottom In? Here’s What Hash Ribbons Tell Us

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The bitcoin price tends to be cyclical, and we’re all trying to time the bottom. Can hash ribbons be the metric that predicts it?

The question of whether the bitcoin price bottom is behind us is on the minds of many investors who are poised with the challenge: buy the dip or wait for a bigger one?

Financial predictions are seldom accurate, and that reality echoes in the bitcoin market as well. But since BTC trading typically follows four-year cycles of bull and bear markets, as the peer-to-peer currency navigates its way through its adoption cycle, many still try to time bitcoin tops and bottoms when making allocation decisions.  Read more...

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Crypto Adoption Rate In Kenya Highest In Africa – Here’s Why

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The rate of digital currency adoption in Kenya is unlike any other country in Africa.

The United Nations reports that Kenya has the highest proportion of its people holding cryptocurrencies in Africa, highlighting the country’s exposure to the unfolding digital currency market crash.

According to a research done by the United Nations Conference on Trade and Development (UNCTAD), around 4.25 million Kenyans, or 8.5% of the population, possess digital assets.

Suggested Reading | Bitcoin Will Emerge Stronger From Crisis, Rockefeller International Chair Says

This puts the African nation ahead of industrialized economies such as the United States, which ranks sixth with 8.4% of its population holding crypto assets.  Read more...

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DeFi Protocols At Higher Risk Of Exploit During The Bear Market, Here’s Why

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The bear market carries a lot of implications for investor depending the assets they’re invested in, and for untested market such as the decentralized finance (DeFi) market, the implications can be even worse. The space is already fraught with a lot of issues around insecurity. But with the bear market coming, one would think the reduced participation would deter attackers. However, it may be an even more dangerous time compared to bull markets.  Read more...

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U.S Fact Sheet On Global Crypto Regulation; Here’s What We Know

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The U.S Treasury Department has published a fact sheet which lays a framework for international engagement related to crypto. This fact sheet was published on Thursday.

It lays out how U.S plans on working with several foreign regulators to take up matters related to the crypto industry.

This fact sheet is the first report published by the department and it outlines on President, Joe Biden’s executive order.

The framework has been designed in such a way that it respects the democratic values of America. It also aligns with the objective of safeguarding consumer, investors, businesses and maintaining the safety of the global financial system and interoperability.  Read more...

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