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DRAKE WINS MORE THAN  MILLION IN BITCOIN ON SUPER BOWL BET

DRAKE WINS MORE THAN $1 MILLION IN BITCOIN ON SUPER BOWL BET

Superstar rapper Drake won two of his three Super Bowl LVI bets, taking home over $1 million in bitcoin winnings. Viral Canadian rapper Drake made waves last week when he placed over $1.26 million of BTC in bets for Super Bowl LVI, taking to Instagram to show the world his gamble on the Bitcoin casino and sports betting platform, Stake. […]

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European stocks climb as Russia starts returning some troops to bases; Stoxx 600 up 1%

European stocks climb as Russia starts returning some troops to bases; Stoxx 600 up 1%

KEY POINTS Russian Defense Ministry spokesman Igor Konashenkov was quoted as saying military units from the southern and western districts of Russia had already begun returning to their garrisons Earnings remain a key driver of individual share price movement in Europe, with Glencore, Engie, Randstad and DSM among the companies reporting before the bell on

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UK tax authority makes first NFT seizure in VAT fraud case

UK tax authority makes first NFT seizure in VAT fraud case

The tax authority made three arrests in connection with a suspected tax evasion using shell companies and false identification. Her Majesty’s Revenue and Customs (HMRC), the chief tax authority in the United Kingdom, has seized three nonfungible tokens (NFT) associated with a suspected tax evasion fraud. The tax watchdog claimed it was the first U.K.

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BTC Liquidity Tightens as Bitcoin Held by Exchanges Hits 6-Month Low

BTC Liquidity Tightens as Bitcoin Held by Exchanges Hits 6-Month Low

While the price of bitcoin is 38% lower than its $69K price high three months ago, the amount of bitcoin on exchanges is at its lowest figure since April 2021. At the end of July last year, there was 2.59 million bitcoin held by crypto trading platforms, and today there’s only 2.36 million held by

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South Korean University to Present NFT Certificates for Graduates

South Korean University to Present NFT Certificates for Graduates

Sungkyunkwan University (SKKU), a top private university in Suwon, South Korea, seeks to add flavour to its graduation ceremony slotted onFebruary 16, by offering (non-fungible token) NFT certificates to three graduators because of their excellent performance in school. According to local news coverage, the announcement reads: “If the certificate is made with NFT, the advantage is that

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DBS Plans to Launch Retail Digital Assets Trading Desk by Year End

DBS Plans to Launch Retail Digital Assets Trading Desk by Year End

DBS CEO Piyush Gupta says there’s a lot of work to be done, but the bank expects platform to be live by end of 2022. Singapore’s DBS Bank, which opened an institutional digital assets trading desk in early 2021, is planning on expanding its digital assets trading offerings to retail investors by the end of the

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BITCOIN AND ANNUITIES — HOW CAN WE REVITALIZE THEIR POOR VALUE?

BITCOIN AND ANNUITIES — HOW CAN WE REVITALIZE THEIR POOR VALUE?

Annuities have suffered greatly over time — bitcoin-based annuities, while not probable any time soon, could reinvigorate the industry. WHAT IS AN ANNUITY, AND WHY DO THEY MATTER? An annuity is generally a fixed sum of money paid to someone each year, often defined as payable for the rest of their life. These have typically

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Japan’s Nikkei drops more than 2% as investors monitor Ukraine tensions; oil rises over 1%

Japan’s Nikkei drops more than 2% as investors monitor Ukraine tensions; oil rises over 1%

KEY POINTS Shares in Japan led losses regionally in Monday morning trade, with the Nikkei 225 dropping more than 2%. Investors watched developments in Hong Kong Covid situation, as the city’s medical capacity becomes reportedly stretched following a recent spike in infections. Fears of a Russian attack on Ukraine led major indexes on Wall Street

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Can XRP price reach  after 25% gains in one week? Watch this key support level

Can XRP price reach $1 after 25% gains in one week? Watch this key support level

A fractal from 2018-2019 repeating could spell trouble for XRP’s long-term upside outlook, however. XRP price has continued to bounce back after falling by more than 70% in a correction between April 2021 and January 2022. Why the XRP/USD 50-week EMA is key On Feb. 13, XRP/USD reached as high as $0.916, above its 50-week exponential moving average

Can XRP price reach $1 after 25% gains in one week? Watch this key support level Read More »