Bitcoin fails to hold $17,000 as BTC price correlation with Asia stocks stands out on the day. Bitcoin (BTC) hit new month-to-date lows on Dec. 7 as Asian markets fell during trading. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $16,500 stands as support as BTC price wobbles Data from Cointelegraph Markets Pro and TradingView showed...Continue Reading

The metaverse platform announced that users who own LAND within Decentraland can officially rent out the rights to the space through the digital marketplace. The metaverse platform Decentranland announced a new platform feature which allows its users who own virtual LAND to essentially become landlords. Owners can now officially rent out their property to other...Continue Reading

The potential legal status of the Japanese Financial Service Agency’s recommendation is not clear as the current legislation is silent on algorithmic stablecoins. After passing its landmark legislation on stablecoins in June, Japanese regulators are considering complementing it by restricting the algorithmic backing of stablecoins. The intention comes as a recommendation from the Financial Service...Continue Reading

The State Department should submit a report on the use of cryptocurrencies as a viable reward payout with evidence that suggests it’s more encouraging for whistleblowers. The United States lawmakers have proposed an amendment to the State Department Basic Authorities Act of 1956 that includes information on crypto rewards and payouts. The proposed amendment under...Continue Reading

The American Banking Banking Association highlighted that a CBDC issued by the U.S. Federal Reserve lacks “compelling use cases.” While some countries like Nigeria are aggressively pushing the use of central bank digital currencies (CBDCs), a new report summarized why a number of private stakeholders are against the idea of a CBDC.  The report dubbed...Continue Reading

With investors moving their funds away from exchanges into self-custody, market liquidity concerns are an immediate threat to struggling crypto businesses. In a move to tone down the negative impacts of a bear market and ecosystem collapses, crypto exchange Gate.io launched an industry liquidity support fund with an initial commitment of $100 million. With investors...Continue Reading

The bankruptcy judge has given approvals to subpoenas aimed at Three Arrows Capital’s leadership, while a new Terra Luna conspiracy has been floated. A federal judge overseeing Three Arrows Capital’s (3AC’s) bankruptcy proceedings has signed an order approving subpoenas to be delivered to 3AC’s former leadership, including co-founders Su Zhu and Kyle Davies. The subpoenas...Continue Reading

CEO Adam Back said the fresh funding will be invested into expanding the firm’s mining capacity. The depths of a bear market may not be the best time to raise funds but that is exactly what Blockstream is doing. The crypto infrastructure firm is seeking fresh funding, but at a much lower valuation than previous...Continue Reading

Atari has teamed up with Pixels.com for physical NFT artworks and Investopedia has given a rundown on NFT tax law. NFT music on Winamp Old school classic PC-friendly media player Winamp has rolled out support for Ethereum and Polygon-based music nonfungible tokens (NFTs) in the latest update of its desktop player. Winamp has been around...Continue Reading

Iran’s plan to freeze bank accounts reinforces the need for decentralized currencies to exist in tandem with cash and CBDCs. A member of the Iranian parliament has told local media the government plans to impose new punishments on women who do not wear a hijab in public, with individuals who refuse to comply after two...Continue Reading