Chain News by Thebittimes.Com

How a frozen bank account led one Bitcoin advocate to experiment with living on the Bitcoin Standard. As Bitcoin (BTC) adoption continues to sow seeds around the world, more and more people are choosing to accept the original cryptocurrency as payment for their goods and services. For individuals, that means accepting BTC as their salary. A Florida-based Bitcoin advocate called SVN (not his real name) took his entire salary in BTC for the past year. Cointelegraph reached out to him to understand why he did it and if there are certain advantages to earning the world’s most recognizable cryptocurrency. SVN explained that when the bank froze one of his accounts, he turned “to Bitcoin as a solution to keep my life going while the issue got resolved.” While banks have the power to unbank customers at will, or must follow governmental instruction–such as during the Canadian trucker protest in which governmental orders prevented crowdfunding for the protestors–Bitcoin runs 24/7, 365 days a...

The verdict of the SEC vs. Ripple lawsuit has been one of the most awaited in the crypto community. In a new development, both parties have submitted a joint motion for a time extension until Jan 13 to file the Daubert motions. The time extension also applies to “accompanying exhibits on the public docket with redactions consistent with the Court’s December 19, 2022, sealing ruling.” XRP users are watching the lawsuit closely as rumors fill the atmosphere. #XRPCommunity #SECGov v. # Ripple #XRP Parties file joint motion for an extension of time, until January 13, 2023, to file the Daubert Motions and accompanying exhibits on the public docket with redactions consistent with the Court’s December 19, 2022 sealing ruling. pic.twitter.com/2ZCdt5g8d6 — James K. Filan 🇺🇸🇮🇪 126k (beware of imposters) (@FilanLaw) December 20, 2022 The court’s December 19, 2022, sealing ruling gives Ripple a small victory. The...

Join Our Telegram channel to stay up to date on breaking news coverage Forex VS. Crypto: similarities and differences The foreign exchange and cryptocurrency markets are large financial markets offering vast trading opportunities. Over the past few years, cryptocurrency has turned from an obscure fad into a mainstream investment. Many forex traders, afraid of missing out on significant gains, wonder whether they should switch to the crypto market. In this article, we’ll look at the similarities and differences between forex and crypto trading.    What is Forex? The foreign exchange market, commonly referred to as the Forex or FX, is a financial market in which market participants exchange one currency for another and profit from the differences in their value. With a daily trading turnover of roughly $6.6 trillion, Forex is the largest market in the world in terms of volume and liquidity. If you are a retail trader, you can access the Forex market only through a brok...

Join Our Telegram channel to stay up to date on breaking news coverage Most people think of Ethereum as just another cryptocurrency, but to those in the know, it’s so much more. Even though it had a poor first half of the year, some analysts believe it will recover and rise beyond $4,000 by the end of next year.   Since its inception in 2015, Ethereum has seen tremendous price appreciation. Ether, the cryptocurrency created by programmer Vitalik Buterin, has seen its value rise from $0.311 at its inception in 2015 to roughly $5,000 at its peak late last year, with significant price swings in between. Ethereum stands apart from other cryptocurrencies because it can be used to fuel and construct new apps, tools, and NFTs on a decentralized software network. Due to its widespread utility in the music, gaming, decentralized finance (DeFi) and entertainment industries, the blockchain-based software network has quickly become one of the most popular cryptocu...

Days after USDN lost its peg with USD, Waves CEO and founder Sasha Ivanov promised that his new stablecoin will be “undepeggable." Sasha Ivanov, founder and CEO of the Waves blockchain platform, is planning to launch a new Stablecoin amid the ongoing crisis of the Waves-backed stablecoin , Neutrino USD (USDN). Ivanov took to Twitter on Dec. 20 to announce the USDN situation resolution plan alongside a new Stablecoin project. “I will launch a new stablecoin,” Waves founder wrote, adding that there is going to be a “USDN situation resolution plan set in motion before.” He stressed that nothing new will be launched or announced until the USDC plan resolution is set in motion. Without specifying the details on the nature of the upcoming stablecoin, Ivanov promised that the stablecoin will be “undepeggable.”  “The most important thing is to make people whole eventually, let's focus on that.” Neutrino USD is an algorithmic crypto-collateralized stablecoin pegged to the United Sta...

The crypto lending space is plagued with trust and security concerns, but crypto lending platform BNPL Pay offers an innovative community-based lending solution. A type of decentralized finance (DeFi) that allows investors to lend their crypto tokens in return for regular interest payments, the crypto lending space comprises both centralized and decentralized crypto entities that manage the entire process on behalf of their investors. Offering high annual percentage yields (APY) to investors from whom the tokens have been borrowed, these lending platforms further lend the same assets in the form of collateralized crypto loans to borrowers. However, despite providing businesses with easy access to capital and promising high yields for investors, the crypto lending space finds itself entwined in liquidity issues stemming from their unregulated and overleveraged lending practices. As a result, crypto investors have either lost their tokens in debacles such as the Celsius Network meltdown...

In a Monday press release , bankrupt crypto brokerage firm Voyager digital revealed which company won the bid for its assets. Per the publication, exchange platform Binance.US made the highest bid for the troubled lender’s assets. This means Binance.US will acquire Voyager’s assets for approximately $1.022 billion. Voyager Chooses “Best Deal” for Customers  The Binance.US bid covers the fair market value of the lender’s crypto portfolio. At the moment, the market value of Voyager’s holdings rests at about $1.002 billion. As such, Binance.US’s bid includes $20M more to account for a possible increase in the future. In the release, Voyager claimed that it had carefully looked over its options before settling on the crypto exchange. The goal was reportedly to see customers come out on top. Voyager set out to maximize the value its former users and other creditors will receive while hastening the refund process.  According to the firm, the Binance bid “sets a clear path...