Meta denies claim more than half of Facebook crypto ads are scams
Australia’s competition watchdog has claimed 58% of crypto ads on Facebook are scams; Meta says the data is old and unreliable.
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Russian oligarch Deripaska blasts Bank of Russia for ignoring Bitcoin
Russia needs to move to Bitcoin to provide a “real financial instrument enabling independence in foreign trade settlements,” Deripaska argued. 691 Total views 6 Total shares Russian industrial tycoon Oleg Deripaska is the latest figure to criticize the Bank of Russia’s stance on cryptocurrency regulation in the country.Deripaska took to his official Telegram channel on…

Bitcoin spikes as betting markets favor Trump during debate with Biden
The price of Bitcoin jumped as much as 1.1% after the presidential debate kicked off on Thursday evening, with Donald Trump extending his lead over Joe Biden in betting markets.

Binance hits record high of $80B in daily volume as crypto markets surge
Binance has reported a new record of more than $80 billion in daily volume across its spot and derivatives platforms. 3361 Total views 15 Total shares Changpeng Zhao, the chief executive of Binance, the world’s largest crypto exchange by trade volume, reported a record of $80 billion in 24-hour trade activity on Jan. 4.On Twitter,…

Bitcoin may behave more like US Treasury bonds: Bloomberg Intelligence
Bitcoin markets will behave more like that of Treasury bonds and gold during market recovery, said the analysts. 165 Total views 17 Total shares The latest crypto market research from Bloomberg Intelligence suggests that Bitcoin may start to behave more like United States (U.S.) Treasury bonds and gold, rather than stocks.In its August Crypto Outlook…

XRP enthusiasts seek to force White House’s hand on SEC suit
A longshot effort from the community hopes to solicit an official White House response 6840 Total views 24 Total shares As token prices plunge and Ripple prepares for court, a band of XRP enthusiasts have rallied around a petition that may force a White House statement on the recent SEC lawsuit alleging Ripple conducted an…

TVL, network outages, or derivatives: What’s behind Solana’s (SOL) 60%+ drop?
The past couple of months have not been kind to cryptocurrencies. The sector's aggregate market capitalization plunged 50% from a Nov. 10 peak at $2.87 trillion to the current $1.44 trillion. Solana's (SOL) downfall has been even more brutal, presently trading at $88 after a 66% correction since its $260 all-time-high.Pinning the underperformance exclusively to…

Are we dumb? Financial illiterates ‘twice as likely to own crypto’
A report from Canada’s central bank shows that while most Canadians are knowledgeable about basic finance and Bitcoin, few actually hold any crypto assets.According to the results of Bank of Canada’s 2019 Cash Alternative Survey published in August 2020, financial literacy is positively associated with the awareness of cryptocurrencies but negatively associated with ownership. The…

Binance proof-of-reserves is ‘pointless without liabilities’: Kraken CEO
According to Powell, a complete proof-of-reserve audit must include the sum of client liabilities, user-verifiable cryptographic proof that each account was included in the sum and signatures proving the custodian’s control over the wallets. 575 Total views 3 Total shares The collapse of the crypto exchange FTX revealed the importance of proof-of-reserves in avoiding situations…