CRYPTOCURRENCY
Crypto News
The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.
The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.
Gate.io Closer To US Debut Following Local Licensing
Gate US, the U.S. branch of Gate.io, the fourth biggest cryptocurrency exchange by trading volume, claims it has operating licenses in multiple jurisdictions. Gate US would not specify what states it has gotten permits from but stated it is not accepting consumers from the nation at this time. It joins other top US exchanges by volume including Binance US and Gemini.
The Bank Of Canada Stresses Stablecoin Regulation When Legislation Is Presented
Between 2020 and mid-2022, the fiat-referenced crypto asset market grew 30-fold to $161 billion in U.S. dollars. In February, the Canadian House of Commons proposed Bill C-249, Encouraging the Cryptoasset Sector Act. Canada's crypto community supported the law, but it was politically controversial and buried after its second reading.
Nigeria Passes Bitcoin And Cryptocurrency Law
The Nigerian government will soon legalize Bitcoin and other cryptocurrencies. Punch Newspapers of Nigeria announced the news on December 18 after interviewing House of Representatives Committee on Capital Markets Chairman Babangida Ibrahim. If passed, the local Securities and Exchange Commission might consider cryptocurrencies and other digital monies as investment capital.
Happy Holidays for the TRON Grand Hackathon 2022 Season 3 Winners
There were 1185 participants in Season 3 of the TRON Grand Hackathon 2022, who formed 272 teams that submitted projects in one of six tracks: Web3, DeFi, NFT, GameFi, Ecosystem, and TRON Academy.
Metropoly Pre-Sale Raised 300k After Releasing Beta
The Metropoly presale for the METRO token has started successfully, with seven stages sold out and only three remaining. The METRO token presale started at $0.033 and will launch at a fixed price of $0.1. Metropoly has already managed to raise over $300,000 in its presale. The blockchain-based project aims to transform the real estate industry's operations, bringing it into the digital age.
FSB to set crypto regulatory norms globally
The Financial Stability Board (FSB) apparently plans to regulate bitcoin next year. The FSB's departing secretary general, Dietrich Domanski, said recent incidents show it's essential to address concerns in the field. Crypto regulatory suggestions will hold crypto ventures to the same standards as banks.
SBF Wishes To Create A Company, Formally Added As Hearing Witness
According to Nov. 14 bankruptcy documents, FTX may have "more than 1 million creditors" and lost $10 billion to $50 billion. FTX's ex-CEO wants to launch a firm to compensate them. On his media apology tour, Bankman-Fried again denied fraud. FTX founder William Bankman-Fried has been confirmed as a witness for the House Committee on Financial Services hearing on Dec. 13. He missed the Dec. 14 Senate Committee hearing on the FTX collapse. The other witness is FTX CEO John Ray.
GameStop Abandons Crypto As Q3 Losses Reach $95M
GameStop loses $94.7 million in the third quarter and fires digital assets workers. "We deliberately limited cryptocurrency vulnerability," CEO Matt Furlong stated. It appears to be continuing NFT and blockchain initiatives. GameStop will focus on collectibles, gaming, and pre-owned products. He "had a terrific experience taking a deep dive into blockchain and learning about many new topics in the crypto sector".
WAHED Projects Donates 5 Million WAHED Coins to Fund Autism Research and Therapy
non-profit organization focused on awareness, education and research to improve the care given to children and adolescents on the autism spectrum.
Binance employs Trump audit company to check crypto reserves
Mazars audits Binance's proof-of-reserve (PoR). Mazars' U.S. branch was Donald Trump's longstanding accounting firm. The accounting company is apparently evaluating all of Binance's publicly posted Bitcoin PoR information and will validate future upgrades and tokens.