Category: Cryptocurrency News

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As the year ends we all know that the markets have been on a downturn for the last few weeks and our EOY predictions have fallen flat on their face. But why is this and will it continue and for how long? Here are a few reasons why. The Omicron Variant The stock market has…
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Another bitcoin wallet containing millions of dollars worth of BTC has come out of dormancy. As time goes on, more and more of these wallets are being reactivated by their owners who have, for one reason or another, not transacted using these wallets for years despite having what is considered life-changing money in them. This one has not had any activity on it in over nine years and has now activated after a long stretch of dormancy. Whale Wallet Activates Whale Alert, a service that posts activity from wallets with large holdings, reported on Sunday that a dormant bitcoin wallet had reactivated. This wallet contained a total of 235 BTC, amounting to $11,114,901. The wallet had not seen any activity for 9.1 years and was reactivated in 2021. The wallet had moved a total of 100 BTC in a $4.7 million transaction. 💤 A dormant address containing 235 #BTC (11,114,901 USD) has just been activated after 9.1 years!https://t.co/TWnFkwIWfr — Whale Alert (@whale_alert) December 19, 2021 Related Reading | Struggling Prices Beats Bitcoin Expectations Down From $100K To $50K The wallet which had sat for almost a decade without any activity had promptly gone on to carry out multiple transactions. In the next couple of hours, the wallet holder performed a couple of transactions that emptied out the balance of the wallet into another wallet and the balance now sits at zero. BTC slumps ahead of market opening | Source: BTCUSD on TradingView.com How Do Bitcoin Wallets Go Dormant? There are a number of reasons why a bitcoin wallet would go dormant. One of those is in the event of the wallet holder losing the keys to the wallet. This can happen when a holder forgets that they have bitcoin or may be stored the keys somewhere they can no longer access it. It could take a while for a wallet holder to recover their keys and access said wallet. Related Reading | Millennial Millionaires Are The Most Bullish On Crypto, Survey Finds About 20% of all bitcoins are estimated to have already been lost due to users who have lost their keys or have died. There is also the speculation of people who have gone to jail may have had to wait till they got out to access their coins. Finally, there are the super holders who have held out for years. These diamond hands got in early and have held their bitcoin through all of the ups and downs of the market. Now, they are reaping the rewards of their patience as they finally move their BTC after all these years. Featured image from Nairametrics, chart from TradingView.com

After watching hours of YouTube and reading hundreds of threads on Reddit, it appears these two communities finally agree on what's going on. If you think El Salvador or China is moving the market — you're wrong. Now I know every time the market moves, it's Wales. Wales bought the dip, Wales took profit, Wales…
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The Dubai World Trade Centre (DWTC) will become a crypto zone and regulator for virtual assets and crypto, comprising digital assets, goods, operators, and exchanges, as part of the Dubai government’s efforts to build new economic sectors. Dubai Likes Crypto The United Arab Emirates (UAE) is becoming one of the world’s most cryptocurrency-friendly jurisdiction, with the Dubai government announcing a new program to assist local cryptocurrency development and regulation. The Dubai World Trade Centre (DWTC), a government-owned event and exposition facility in Dubai, said on Dec. 20 that it will become a comprehensive zone and regulator for cryptocurrencies, products, operators, and exchanges. The Dubai World Trade Centre will provide a full environment for this forward-thinking industry in the city. The Dubai World Trade Centre will work with the private sector and other relevant entities in Dubai to create a welcoming environment for the sector and to enforce strict standards for investor protection, anti-money laundering (AML), counter-terrorist financing (CFT) compliance, and cross-border deal flow tracing. The initiative, which is part of Dubai’s attempts to further develop virtual assets and markets, includes developing a framework for novel financial products and adopting new trends such as non-fungible tokens (NFT) and cryptocurrencies that rely on advanced underlying blockchain technology. “The World Trade Center will deliver and oversee a new world-class regulatory framework of Virtual Asset legislative and enforcement policies,” the statement reads. The Dubai Financial Services Authority announced in January that as part of its 2021 business plan, it would establish a crypto regulatory framework. So far, the authority has awarded a number of regulatory permissions for the crypto business, and Dubai has become a hub for various crypto-friendly free zones. Related article | Bittrex Global CEO Declares Dubai Will Gain Benefit From Cryptocurrency Market Expansion BTC/USD poised for rise. Source: TradingView Binance CEO Happy With The Announcement Binance CEO Changpeng Zhao was one of the first in the crypto community to applaud the DWTC’s recent news. Zhao appears to have developed an interest in the UAE’s crypto industry, since he reportedly purchased his first property in Dubai in October. » Dubai World Trade Centre to become comprehensive zone and regulator for virtual assets and Crypto https://t.co/Ndr6GDcJ4u — CZ 🔶 Binance (@cz_binance) December 20, 2021 The plan is in keeping with Dubai’s ongoing efforts to assist crypto growth, with both Dubai and the UAE actively seeking to benefit the local economy from blockchain technology, nonfungible tokens, and cryptocurrencies. Since CZ was sighted in Dubai, holding a meeting with the authorities, Twitter was awash with predictions about Binance’s probable HQ being built up in Dubai at the start of the fourth quarter. Last month, CZ confirmed Binance’s plans to become a digital asset service provider in France by next year, putting the Dubai HQ rumors to rest. Given Binance’s continued efforts to expand its worldwide reach by establishing footholds in many parts of the globe, predictions regarding a Dubai headquarters do not appear implausible. The World Trade Center will deliver and oversee a new world-class regulatory framework of Virtual Asset legislative and enforcement policies, which will be critical to facilitating and broadening cross-border operations and ecosystem innovation in order to enable safe market adoption and growth for this sector in Dubai. Related article | Binance ’s Road To Compliance Continues With A List Of Rights For Crypto Users Featured image from Unsplash, chart from TradingView

Everything was going so well, green dildos everywhere for a while there. Life was good. Then, over the last month the market has taken a dive and the portfolio doesn’t look as strong. FUD and media coverage about crypto tanking are dominating the news cycle. And of course, all of this just had to hit…
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I always feel like there should be a place for people like me. Eager to build, learn and take risks but where and how can I meet like-minded people? How can I meet cool people that are building stuff? And how can I engage with them continuously? submitted by /u/VLADIMIROVIC_L [link] [comments]

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EIP editing with Matt Garnett Interested in learning about the editing flow, checklist, responsibilities of EIP editors, follow the recording with Matt Garnett on PEEPanEIP with EthCatHerders. Summary What's an EIP editor, responsibilities, getting started editing Core EIP vs ERC EIP bot Q&A Bonus talk – "A vision for the post-merge EL & CL EIP…
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