Day: January 25, 2022

Grayscale Considering 25 More Crypto Assets for Investment Products

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Grayscale, the world’s largest crypto asset manager, is considering 25 more crypto assets for investment products. With the latest additions, the company’s list of coins under consideration has grown to 43. “The process of creating an investment product similar to the ones we already offer is a complex, multifaceted process,” said Grayscale. 25 Crypto Assets Added to List of Coins Under Consideration for Grayscale’s Investment Products Grayscale Investments announced Monday that it has updated its list of digital assets under consideration for 2022. Grayscale currently has $30.6 billion in net…

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GOP say Democrats’ virus drug guidance is anti-white

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Republicans are accusing the Biden administration of racism — against white people. The administration’s recommendation that race and ethnicity be considered when deciding who gets the limited supply of new Covid drugs is the latest political cudgel with which Republicans are hammering Democrats, looking to energize their base ahead of the midterm elections. And Democratic strategists say these attacks, while baseless, may prove effective, further hampering the party’s efforts to retain its slim congressional majorities. “There will always be people susceptible to cries of ‘reverse racism,’” Brad Woodhouse, a former…

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DeSantis opens new battle with Biden over Covid treatments

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TALLAHASSEE, Fla. — Gov. Ron DeSantis has picked a new fight with the Biden administration over Covid treatments. DeSantis shut down the five state administration sites he opened last week after the U.S. Food and Drug Administration on Monday cut Florida’s weekly allotment of monoclonal antibody cocktails. DeSantis fired back at the Biden administration for pulling the medicines, claiming the federal government withdrew the treatments without evidence. “We’re going to fight back against this because this is just wrong,” DeSantis said Tuesday at a news conference in Crawfordville, about 20…

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‘We have a sacred obligation’: Biden threatens to send troops to Eastern Europe

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President Joe Biden on Tuesday said he told Russian President Vladimir Putin that the United States would deploy thousands of troops to Eastern Europe if Russia continues its military buildup along Ukraine’s border or mounts a renewed invasion of the country. But the American president also said he would not send troops into Ukraine, even as the White House warned that Russia was likely to move its forces across the border at any moment. Speaking during a previously unannounced stop at a gift shop in Washington, D.C., Biden told reporters…

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Hoyer: Voting rights bill, BBB ‘very much alive’

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House Majority Leader Steny Hoyer remains optimistic that Democrats will pass the voting rights legislation and the Build Back Better bill despite roadblocks but offered few details about how that could happen. “I do not buy your characterization of the Voting Rights Act being ‘dead’ in the Senate,” Hoyer told POLITICO Playbook co-author Rachael Bade in a livestreamed interview on Tuesday. “It certainly is not in the shape I’d like it to be in, but we’re not going to forget about that.” Hoyer was similarly bullish about the fate of…

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Decentralised Metaverse Socialfi Platform Boom Enables NFT Display in Its App

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While the latest news and information about cryptocurrency & NFT projects are better known through Web 2.0 social media companies such as Twitter, Instagram, and Youtube. There aren’t any decentralised social platforms available in the market that allows users to own the NFT while being able to display their NFT or Token assets on the social platforms. The cryptocurrency market is shifting towards a decentralised development of the internet which we called “Web 3.0”. Whereby. In simple terms, it is the idea of implementing the world wide web based on…

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IMF Urges El Salvador to Drop Bitcoin Tender Law, Executive Board Report criticizes BTC Bonds, Chivo Wallet

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The International Monetary Fund (IMF) has been very critical of cryptocurrencies and according to a report on Tuesday, the IMF’s board has “urged” El Salvador to discontinue its bitcoin tender status. A few members of the IMF’s board said the country’s decision to leverage bitcoin within its financial system could pose risks. IMF Report Attempts to Persuade El Salvador to Drop Bitcoin Legal Tender Status, Director’s Are Concerned About Bitcoin Bonds and Chivo Wallet’s Regulatory Oversight According to a report published by the IMF, a global financial institution that promotes…

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Technical Analysis: Meme Coins, Avalanche Move Higher on Tuesday

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Meme coins were higher on Tuesday, as the global cryptocurrency marketplace rebounded from recent declines in price. Both DOGE and SHIB were trading close to 7% higher during the session. In addition to the meme coins, there were several other gainers on Tuesday, as both traders and long-term investors bought the crypto dip. Biggest gainers One of today’s biggest gainers in the crypto top 20 was avalanche (AVAX), which was up by as much as 15% during the session. AVAX hit an intraday high of $68.03 on Tuesday, climbing from…

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2 Gold-Backed Crypto Asset Market Caps Near $1 Billion, XAUT Jumps 19,000% in 23 Months

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While reserve-backed crypto assets and stablecoin market valuations increased a great deal during the last year, gold-backed cryptocurrencies have also seen their market caps swell. Between the tokens tether gold and pax gold, the market valuations of these two gold cryptos are nearing a billion dollars in value with $742 million today. Tether Gold’s Market Cap Swells Over 19,000% in Less Than 2 Years, While Pax Gold Increased by More Than 15,000% On February 21, 2020, the market valuation of tether gold (XAUT) was $2.1 million and 23 months later,…

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PureStake CEO Derek Yoo Explains the Technology Behind Moonbeam Network

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Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. Derek Yoo is the CEO of PureStake, the technology company behind the Moonbeam Network. He recently joined the Bitcoin.com News Podcast to talk about the technology: Derek Yoo is a serial Web2 technology entrepreneur who has spent the past 20 years building successful software and cloud companies. Prior to creating Moonbeam,…

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Bitcoin, Ethereum Technical Analysis: BTC Bounces Back After Monday’s Selloff

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Following Monday’s selloff, cryptocurrency markets mostly rebounded across the board, with bitcoin and ethereum prices rallying by as much as 10%. Overall the global crypto market cap was over 6% higher from yesterday’s session. Bitcoin Bitcoin, which fell to an intraday low of $33,184.06 during yesterday’s session, was up close to 9% as of writing, hitting a high of $37,247.52 in the process. After a false breakout from its support level of $34,170 to start the week, today’s move saw BTC/USD climb from this point, with some anticipating the potential…

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Meet the mild-mannered progressive who’s breaking the filibuster

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Republicans may capitalize first on Democrats’ plan to weaken the filibuster. That’s OK with Jeff Merkley. “Yes!” the Oregon progressive says when asked if he’d back a future GOP effort to chip further at the 60-vote threshold that’s become a totem of the Senate. “The test of whether this is fair is whether you will support it when you’re in the minority. Put those shoes on. How would you feel?” It’s not typical for a Democrat to insist he’d feel quite comfortable if the GOP adopts what his party fell…

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Texas primary showdown bursts open after FBI raid

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The bitter rematch between Rep. Henry Cuellar and his former-intern-turned-progressive-challenger was riveting South Texas even before the March 1 Democratic primary. Then came an FBI raid of the congressman’s home. While Cuellar hasn’t been charged with a crime, law enforcement officials’ extraordinary move on the congressman’s home and campaign headquarters 26 days before early voting begins has upended the race. The raid is directing a groundswell of money, momentum and powerful endorsements to Democratic rival Jessica Cisneros, a 28-year-old attorney who lost to Cuellar by less than 3,000 votes two…

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Fearing a Hawkish Fed: Economists Focus on Upcoming FOMC Meeting as Global Market Rout Slows

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Global markets have been feeling the pressure of fear and uncertainty, as the upcoming Federal Open Market Committee (FOMC) plans to make a decision on Wednesday concerning changing the current monetary easing policy and raising the benchmark interest rate. Economists and market analysts fear the hawkish Federal Reserve will tighten markets too fast after the central bank expanded the U.S. monetary supply like never before in history. Allianz Chief Economic Adviser: ‘Fed Maintained Its Transitory Inflation Narrative for Way Too Long’ All eyes are on the Federal Reserve this week…

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Crypto Ban Proposed by Bank of Russia Met With Opposition in Parliament, Government

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The central bank’s push for a restrictive policy regarding cryptocurrencies is not gaining support among members of the Russian government, legislature, or law enforcement. A blanket crypto ban, as proposed by the bank, would make a laughingstock of Russia, lawmakers have warned. Bank of Russia’s Hardline Stance on Crypto Rejected by Other Russian Institutions The Central Bank of Russia’s lobbying for prohibitive legislation on cryptocurrencies has not been met with understanding by other government bodies, Russian media revealed. Last week, the regulator published a consultation paper urging for a wide-ranging…

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Spellfire to Huobi Primelist on January 27th

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Spellfire is gaining momentum. The legend is back better than ever. Chase the $SPELLFIRE on the most prestigious launchpads – 25th @Daomaker and on the 26th @GameFi. Right after the launchpads, Spellfire is listing on Huobi Primelist on the 27th, one of the world’s leading crypto exchanges. Gaining a Prime List on Huobi ensures that Spellfire continues building on its exceptional reputation whilst gaining new levels of visibility for the project. Huobi is the industry’s leading digital asset exchange in both liquidity and real-trading volume. Their partnership boosts Spellfire’s profile…

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Trump conquered Ohio. Now his followers want the governorship.

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STRONGSVILLE, Ohio — GOP governors across the country are staring down a wave of Trump-inspired primary challengers. Former Rep. Jim Renacci hopes to be a success story for them in Ohio. The former congressman is challenging Gov. Mike DeWine, a mainstay of Ohio Republican politics for decades who is seeking reelection to a second term in November, more than 30 years after his first run for statewide office. Renacci is pouring his own money into the race against the incumbent, trying to push DeWine out in favor of a candidate…

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Virginia’s education wars emerge in Florida governor’s race

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TALLAHASSEE, Fla. — Florida is learning the political lessons of Virginia. Democrat Rep. Charlie Crist, fearing the new culture wars over education could strain his bid for Florida governor, is appealing directly to parents over an issue that has rattled Democrats across the county. “Parents for Crist,” a group he unveiled last week, will shape his campaign in coming months. The group will be an “organizing force for our campaign in our mission to protect education,” said Crist, a former Republican governor in Florida, as he announced the approach. Crist’s…

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The filibuster’s archnemesis

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Republicans may capitalize first on Democrats’ plan to weaken the filibuster. That’s OK with Jeff Merkley. “Yes!” the Oregon progressive says when asked if he’d back a future GOP effort to chip further at the 60-vote threshold that’s become a totem of the Senate. “The test of whether this is fair is whether you will support it when you’re in the minority. Put those shoes on. How would you feel?” It’s not typical for a Democrat to insist he’d feel quite comfortable if the GOP adopts what his party fell…

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Cisneros lassos new momentum in battle with bruised Cuellar

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The bitter rematch between Rep. Henry Cuellar and his former-intern-turned-progressive-challenger was riveting South Texas even before the March 1 Democratic primary. Then came an FBI raid of the congressman’s home. While Cuellar hasn’t been charged with a crime, law enforcement officials’ extraordinary move on the congressman’s home and campaign headquarters 26 days before early voting begins has upended the race. The raid is directing a groundswell of money, momentum and powerful endorsements to Democratic rival Jessica Cisneros, a 28-year-old attorney who lost to Cuellar by less than 3,000 votes two…

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Oman Invites Bids From Firms Interested in Creating Regulatory Framework for Virtual Assets

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Authorities in the Middle Eastern state of Oman have asked specialized companies, interested in helping the country set up a regulatory framework for virtual assets, to submit their proposals. Interested companies need to submit their proposals no later than March 23, 2022. Process Divided Into Two Phases The Oman financial regulator, the Capital Markets Authority (CMA), recently invited companies interested in helping it set up a regulatory framework for virtual assets to participate in a tender process. According to a report by Unlock Media, this process of creating the regulatory…

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Report: Google Launches Blockchain Division

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The software behemoth Google has reportedly started a new blockchain-based division inside its Labs group. The division will also deal with other distributed computing and data storage technologies. While the company has been wary of associating with any form of cryptocurrency, Bill Ready, Google’s president of commerce, stated on January 19 they were paying a lot of attention to the area. Google Goes Blockchain Google, one of the biggest software companies in the world, is reportedly launching a new blockchain division as part of its Labs group. The blockchain division…

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LBank Exchange Will List ADENE (ADEN) on January 27, 2022

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PRESS RELEASE. INTERNET CITY, DUBAI, Jan. 25 2022 – LBank Exchange, a global digital asset trading platform, will list ADENE (ADEN) on January 27, 2022. For all users of LBank Exchange, the ADEN/USDT trading pair will be officially available for trading at 18:00 (UTC+8) on January 27, 2022. The gambling industry has become an empire that is owned by some powerful bodies (centralized casino system) who are solely making profits only for themselves. As the first fully decentralized game system of the 4th generation, ADENE (ADEN) is here to disrupt…

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Myanmar Military Government Proposes to Jail Digital Currency and VPN Users

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Myanmar’s military-ruled government is proposing to enact laws that will see users of virtual private networks (VPN) and digital currencies being jailed for up to three years. In addition, offenders will be made to pay fines of up to $2,800. Draft Bill Open for Comments Myanmar’s military-ruled government is proposing to enact a law that outlaws the use of virtual private networks (VPN) and digital currencies in that country. Once enacted, violators of the new law not only face jail time but will be made to pay a fine. According…

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Goldman Sachs Sees the Metaverse as $8 Trillion Opportunity

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Global investment bank Goldman Sachs has predicted that the metaverse could be an $8 trillion opportunity. Several others have similarly predicted that the metaverse is a multitrillion-dollar market. Goldman Sachs Says the Metaverse Could Be an $8 Trillion Opportunity Global investment bank Goldman Sachs has predicted that the metaverse could be an $8 trillion opportunity. Goldman Sachs’ analyst Eric Sheridan explained the bank’s metaverse prediction in a recent “Exchanges at Goldman Sachs” episode, titled “Understanding the metaverse and web 3.0.” He was asked about the evolution of the metaverse ahead…

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U.S. puts 8,500 troops on alert as Russia tensions ramp up

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Defense Secretary Lloyd Austin has placed roughly 8,500 U.S. military personnel on heightened alert to potentially deploy to Eastern Europe, the Pentagon announced Monday. The move comes as NATO weighs a possible activation of its response force to beat back a Russian invasion of Ukraine, which the West fears is imminent. Austin “has placed a range of units in the U.S. on a heightened preparedness to deploy, which increases our readiness to provide forces if NATO should activate the [NATO Response Force] or if other situations develop,” Pentagon spokesperson John…

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Rich Dad Poor Dad’s Robert Kiyosaki: Bitcoin Is Crashing, Will Buy When BTC Tests $20K

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The author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he will buy more bitcoin if and when the price of the cryptocurrency tests $20K. He noted that bitcoin’s price crashing is “great news,” adding that the “Time to get richer is coming.” Robert Kiyosaki Plans to Buy More Bitcoin Robert Kiyosaki, the author of Rich Dad Poor Dad, tweeted Sunday about the price of bitcoin and when he will buy more BTC. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter.…

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