News updates February 15, 2022
1. Bitcoin, Binance Coin, Dogecoin, and NEAR Protocol Daily Price Analyses – 14 February Roundup
* The global crypto market in gain after the new surge brings it 4.41%.
* Bitcoin adds 4.19% in 24 hours, adding new strength to the market.
* Binance Coin’s 24-hour gains are about 5.20% for the last 24 hours.
* Dogecoin and Near Protocol in gain, add 1.75% and 6.46%, respectively.
Cryptopolitan
Bitcoin, Binance Coin, Dogecoin, and NEAR Protocol Daily Price Analyses – 14 February Roundup
Muhammad Ali by Muhammad Ali Feb 15, 2022 at 05:22 am Reading Time: 5 mins read
Bitcoin
TL;DR Breakdown
The global crypto market in gain after the new surge brings it 4.41%.
Bitcoin adds 4.19% in 24 hours, adding new strength to the market.
Binance Coin’s 24-hour gains are about 5.20% for the last 24 hours.
Dogecoin and Near Protocol in gain, add 1.75% and 6.46%, respectively.
After witnessing dips for the last few days, the market has taken a turn. The new additions have been quite gratifying because they expanded the market capital. As the new changes occur, they have taken currencies like bitcoin and Ethereum back to strong positions. The new change is the increase in the hash rate for bitcoin as it has gained further.
The market has continued in an uncertain situation in India because of the news regarding crypto legislation and statements from officials. A new addition to this row is a statement from an official who has called for a crypto ban. Though it might not be given the value and crypto will be gained, it has certain impacts. It tells of the officials opposing the recognition of crypto and other modernist technologies. The wait for the Indian crypto bill is not yet over as it is soon to be prepared and presented in the parliament.
Cardano has announced that it will double the reward for those who point out its vulnerabilities. It is a step to protect its blockchain system from hackers and possible attempts to steal its data. The mentioned step will ensure that their blockchain is sturdy enough to stand possible hacking attempts.
2. Canada's Trudeau Enacts Emergencies Act, and Crypto Is Included
The move by the Canadian prime minister includes an expansion of money-laundering laws to include crowdfunding platforms and cryptocurrency transactions.The government instead appeared set to take aim at protester finances. Speaking alongside Trudeau, Deputy Prime Minister Chrystia Freeland said banks can immediately freeze or suspend bank accounts without a court order and without fear of civil liability.
In addition, the government is broadening the scope of Canada's anti-money laundering and counter-terrorist financing rules to now cover crowdfunding platforms and the payment service providers they use. These changes, said Freeland, cover all forms of transactions, including digital assets such as crypto.
3. German Bank Receives Regulatory Nod to Manage Digital Assets for Clients. The digital investment subsidiary of Hauck & Aufhäuser, one of Germany’s oldest banks, has obtained approval from the country’s regulatory watchdog to become a regulated crypto management company (KVG).
Meanwhile, this is not the first time the German private bank is taking an interest in cryptocurrency. Back in December 2020, the Hauck & Aufhäuser subsidiary announced a partnership deal with Kapilendo, a Berlin-based fintech company, to launch a crypto fund in January 2021.
The fund, called HAIC Digital Asset Fund I, focuses on three crypto assets namely Bitcoin (BTC), Ether (ETH), and Stellar (XLM). Also, HAIC Digital Asset Fund I is open to institutional and semi-institutional investors, with the minimum entry point set at €200,000 ($226,230).
4. Bitcoin stabilized above $42,000, although investors continued to monitor tensions on the Ukraine border and inflationary data.
5. Chess Players Win Bitcoin Prize as Crypto Penetrates More Sports
Chess grandmasters have never been happier. In a recent chess tournament, prizes included crypto and an NFT trophy. This is just one example of how crypto companies are now starting to sponsor huge sports events.
The Meltwater Champions Chess Tour took place over 9 days last May. FTX derivatives cryptocurrency exchange sponsored an event on the tour – the FTX Crypto Cup. It was the first cryptocurrency prize offered for the sport.
Play Magnus Group organized the tour. Contenders vying for the FTX Crypto Cup fought for $100,000 in BTC and a $320,000 cash prize. Norwegian Magnus Carlsen has been the reigning world chess champion since 2013. He owns 9% of the Play Magnus Group.
As a big sports fan and NBA enthusiast, I was thrilled to learn that FTX is continuing its move into sports by partnering with the Champions Chess Tour,” said Carlsen before the event. “The Tour has been extremely exciting both as a competitor and a fan. I feel a renewed sense of motivation now that we’ve found a partner in FTX that shares our common goal to grow chess and the Tour.”
Andreas Thome, CEO of Play Magnus Group said it was a big moment. “We, along with many chess players around the world, have been following cryptocurrencies for many years. We are passionate about celebrating this fast-growing industry in its very own tournament, the FTX Crypto Cup.”
6. The Latest Guide of Real Estate Lands In Metaverses.
Why is the virtual real estate price growing? Because of decentralized technologies, real estate may be forever revolutionized. As the Metaverse expands, so will digital real estate.
The metaverse is designed to include everything that exists virtually, from digital art to virtual worlds. However, few people are talking about the profitable business that Metaverse real state parcels will be for these metaverses. They can be bought as just one type of investment, usually represented as NFTs. You will find them in the following metaverses:
The Sandbox
Decentraland
Cryptovoxels
Earth2
Nifty Island
Superworld
Wilder World
