Bitcoin Enters ‘Extreme Greed’ Territory; Altcoins Rally

Bitcoin was roughly flat the past 24 hours, trading at about $67,300 at the time of publication. The No. 1 cryptocurrency by market capitalization spent most of U.S. trading hours on Tuesday ranging between $63,500 and $68,500, with a slightly elevated volume across major centralized exchanges. Ether was down about 1.3% over the same period, trading at just above $4,700. Source link

Brazil’s Largest Crypto Exchange Mercado Bitcoin to Issue 2 Renewable Energy Tokens: Report

Mercado Bitcoin, Brazil’s largest crypto exchange, reached an agreement with Brazilian energy trader Comerc to release two renewable energy tokens, Reuters reported Wednesday. The first token will work as a cashback for Comerc customers who generate renewable energy through its distributed generation system, Sou Vagalume. The company plans to allow the purchase of the token for a fixed amount and later offer the digital asset for trading in a secondary market. Brazil’s current system of distributed solar generation grants incentives for investors. Through this setup, users of Sou Vagalume obtain…

CityCoin’s Plan for NYCCoin Is Welcomed by Mayor-Elect Adams

The next mayor of New York City, Eric Adams, expressed his support for CityCoin’s NYCcoin program, tweeting a welcome to the city. Adams won the Nov. 2 election and is expected to take office on Jan. 1. “We’re glad to welcome you to the global home of Web 3! We’re counting on tech and innovation to help drive our city forward,” he wrote while retweeting CityCoin’s Nov. 8 tweet. The NYCcoin can be mined by anyone and will allow users to earn crypto through the Stacks protocol, CityCoin said. CityCoin…

Bank of England Says CBDC Could Launch by 2030

Key Takeaways The Bank of England and HM Treasury have announced the next steps in exploring plans for a CBDC stablecoin. This will involve a consultation in 2022, which will decide whether to begin a several-year-long development phase. The development phase, if successful, could lead to the launch of a CBDC between 2025 and 2030. Share this article The Bank of England and HM Treasury (HMT) have announced that they will continue to explore a CBDC or national stablecoin. Consultation Will Begin In 2022 HMT and the Bank of England…

Democratic challenger to crypto-friendly senator’s seat is interested in space

Morgan Harper, a former senior advisor at the Consumer Financial Protection Bureau, is coming out as ‘crypto curious’ in her race to be the Democratic nominee for one of Ohio’s United States Senate seats. In a Tuesday thread on Twitter, Harper said she was interested in the possibilities Bitcoin (BTC) and other cryptocurrencies could mean for policy in Ohio. According to the Democratic candidate, Bitcoin can take the place of many functions of traditional banks by passing on “the wealth of the network” to all users rather than a handful of…

Bitcoin Outperforms as Traders Prepare for Next Leg Higher

The surge in bitcoin futures open interest, or total number of outstanding derivative contracts, over the past month coincided with the launch of the first bitcoin futures-based exchange-traded fund (ETF) introduced by ProShares, trading under the ticker BITO. “Now, the open interest has declined substantially, particularly when subtracting the BITO contribution,” Arcane wrote in a research report. Source link

Polkadot price moves higher as parachain auctions reduce DOT’s circulating supply

This week, a number of contenders are set to participate in Polkadot’s first parachain auctions and this process tends to place buy pressure on DOT, while also giving aspiring blockchain projects a chance to show why they offer the most competitive solutions to the different demands that exist in the crypto sector. The ongoing Polkadot parachain auctions follow the success of similar auctions on its sister network Kusama, where projects like Moonriver (MOVR) and Karura have each successfully secured a parachain slot for the next year. Top 5 crowdloans on…

Austria to Tax Crypto Like Stocks and Bonds: Report

Austria’s Federal Ministry of Finance hopes to boost confidence in cryptocurrencies by taxing them like mainstream stock and bond investments, according to a Bloomberg story. Starting next March, Austria will apply a 27.5% capital gains levy on digital currencies, including bitcoin and ether. The initiative will be part of a nationwide tax overhaul. Austria called its model the first of its kind and said streamlining conditions between asset classes would be fairer for investors. “We are taking a step in the direction of equal treatment, to reduce mistrust and prejudice…