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CATEGORY: whaletank updates

The FTX Exchange offers a $1 million prize for banks to accept stablecoins
Author: Whaletank Team
United States
Source: Whaletank Blog – Market Maker News
Dec 30, 2021 10:25

The FTX Exchange offers a $1 million prize for banks to accept stablecoins

Stablecoins such as the USDT and USDC are under control in the United States, with some lawmakers calling for even more regulatory oversight of the industry. The FTX exchange for cryptocurrency derivatives is now asking banks to address and discuss the possibility of accepting stablecoins in exchange for a $1 million reward. In a Twitter […]

The post The FTX Exchange offers a $1 million prize for banks to accept stablecoins appeared first on Whaletank Blog - Market Maker News.

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Staking and Proof of Stake – What do these terms mean?
Author: Whaletank Team
United States
Source: Whaletank Blog – Market Maker News
Dec 27, 2021 02:01

Staking and Proof of Stake – What do these terms mean?

In response to the growing demand for energy in the Proof-of-Work protocols, abbreviated PoW, there has been a trend towards staking. In short, staking is the act by which an investor assigns and blocks a certain amount of crypto in a protocol in order to receive rewards in return. Users can secure their network by […]

The post Staking and Proof of Stake – What do these terms mean? appeared first on Whaletank Blog - Market Maker News.

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FSB identifies stablecoins and crypto as threats to the financial system
Author: Whaletank Team
United States
Source: Whaletank Blog – Market Maker News
Dec 23, 2021 02:00

FSB identifies stablecoins and crypto as threats to the financial system

In an annual report released on Friday, the U.S. Financial Stability Board, or FSOC, expressed concern about the adoption of stablecoins and other digital assets. A call coming from the council asks for much closer cooperation between the federal and state authorities in the United States of America with regard to the regulation of cryptos. […]

The post FSB identifies stablecoins and crypto as threats to the financial system appeared first on Whaletank Blog - Market Maker News.

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Dubai World Trade Centre will become a crypto hub and regulatory body
Author: Whaletank Team
United States
Source: Whaletank Blog – Market Maker News
Dec 22, 2021 02:05

Dubai World Trade Centre will become a crypto hub and regulatory body

The United Arab Emirates (UAE) continues to emerge as one of the largest cryptocurrencies-friendly jurisdictions in the world, as the Dubai government has begun to take a new initiative in order to support the development and regulation of cryptocurrencies, and now by through it Dubai World Trade. Dubai World Trade Centre (DWTC), which is a […]

The post Dubai World Trade Centre will become a crypto hub and regulatory body appeared first on Whaletank Blog - Market Maker News.

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Russia between cryptocurrencies ban or legalize trading in 2022
Author: Whaletank Team
United States
Source: Whaletank Blog – Market Maker News
Dec 17, 2021 10:25

Russia between cryptocurrencies ban or legalize trading in 2022

On Thursday we’ve seen a lot of controversial reports on the state of the crypto-regulatory matter appear in Russia. First, we saw a Reuters report which indicated that Russia’s Central Bank is seeking a cryptocurrencies ban, placing the reasoning for this on the risks in regard to financial stability and the explosive volume of transactions. […]

The post Russia between cryptocurrencies ban or legalize trading in 2022 appeared first on Whaletank Blog - Market Maker News.

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Myanmar Shadow Government Declares USDT as Official Currency
Author: Whaletank Team
United States
Source: Whaletank Blog – Market Maker News
Dec 17, 2021 10:25

Myanmar Shadow Government Declares USDT as Official Currency

Myanmar’s shadow government, the National Unity Government (NUG), led by supporters of the now incarcerated leader Aung San Suu Kyi, has recently declared that the US-based Tether (USDT) stablecoin is now an official currency for local use. Tether, or USDT, is a stablecoin – which means its value is linked to that of the dollar, […]

The post Myanmar Shadow Government Declares USDT as Official Currency appeared first on Whaletank Blog - Market Maker News.

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Elon Musk bets on Dogecoin again
Author: Whaletank Team
United States
Source: Whaletank Blog – Market Maker News
Dec 15, 2021 10:30

Elon Musk bets on Dogecoin again

Tesla CEO Elon Musk believes that Bitcoin (BTC) is not as good for day-to-day payments as the famous meme-based cryptocurrency, Dogecoin (DOGE). Musk compared BTC, the world’s largest cryptocurrency, to DOGE, in a recent interview with Time Magazine shortly after being named Person of the Year 2021 by Time. Fundamentally, bitcoin is not a good […]

The post Elon Musk bets on Dogecoin again appeared first on Whaletank Blog - Market Maker News.

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South Africa to protect investors against highly risky cryptocurrencies
Author: Whaletank Team
United States
Source: Whaletank Blog – Market Maker News
Dec 14, 2021 02:05

South Africa to protect investors against highly risky cryptocurrencies

Unathi Kamlana, who is the commissioner of the South African Financial Conduct Authority, has talked about the government’s launch of a crypto framework that would be aimed at mitigating any potential highly risky cryptocurrencies. According to a report from Bloomberg on Friday, Unathi Kamlana said that the financial regulator intends to introduce a regulatory framework […]

The post South Africa to protect investors against highly risky cryptocurrencies appeared first on Whaletank Blog - Market Maker News.

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The Bank of Thailand prevent banks from cryptocurrency trading
Author: Whaletank Team
United States
Source: Whaletank Blog – Market Maker News
Dec 10, 2021 02:01

The Bank of Thailand prevent banks from cryptocurrency trading

The Bank of Thailand has stated that it does not want the commercial banks in the country to be directly involved in the trading of cryptocurrencies. The edict came right from the central bank’s chief executive, Chayawadee Chai-Anant, on Dec. 7, citing risks associated with high price volatility, according to cointelegraph “We don’t want banks […]

The post The Bank of Thailand prevent banks from cryptocurrency trading appeared first on Whaletank Blog - Market Maker News.

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Iceland is blocking new Bitcoin mining due to a lack of energy
Author: Whaletank Team
United States
Source: Whaletank Blog – Market Maker News
Dec 09, 2021 10:15

Iceland is blocking new Bitcoin mining due to a lack of energy

Due to the recent lack of electricity in Iceland, Landsvirkjun, the country’s main energy supplier, has decided to reduce the supply of some industrial customers, including aluminum smelters, data centers, fish meal factories and Bitcoin mining companies. The drop, which took effect immediately, was caused by low hydro reservoir levels, a power plant difficulty and […]

The post Iceland is blocking new Bitcoin mining due to a lack of energy appeared first on Whaletank Blog - Market Maker News.

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Survey: Massive increase in Australians holding cryptocurrencies
Author: Whaletank Team
United States
Source: Whaletank Blog – Market Maker News
Dec 07, 2021 10:25

Survey: Massive increase in Australians holding cryptocurrencies

The 2021 Independent Reserve’s Cryptocurrency Index (IRCI) survey of 2,000 people has found that the percentage of surveyed Australians holding cryptocurrencies at some point has reached 28.8%, compared to 18.4% in 2020. The results suggest that the growth of the sector is mostly driven by the positive experience of those who own crypto, 89% of […]

The post Survey: Massive increase in Australians holding cryptocurrencies appeared first on Whaletank Blog - Market Maker News.

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Star Trek goes where no other NFT has reached: DNA
Author: Whaletank Team
United States
Source: Whaletank Blog – Market Maker News
Dec 06, 2021 10:30

Star Trek goes where no other NFT has reached: DNA

“El Primero”, which means “The First” in Spanish is the first “live” NFT that immortalizes a huge economic moment in the history of Science Fiction by merging future technology with the history of Star Trek. Star Trek producer Gene Roddenberry’s signature has gone boldly where no NFT has ever reached – in the code of […]

The post Star Trek goes where no other NFT has reached: DNA appeared first on Whaletank Blog - Market Maker News.

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UAE Posts First Middle NFT Stamps in the Middle East
Author: Whaletank Team
United States
Source: Whaletank Blog – Market Maker News
Dec 02, 2021 10:20

UAE Posts First Middle NFT Stamps in the Middle East

The UAE postal operator is starting to issue nonfungible token NFT stamps to commemorate the federation’s 50th National Day, providing further proof that digital collectibles are gaining global appeal. Emirates Post Group, or EPG for short, announced this week that it has become the first postal organization in the Middle East and North Africa to […]

The post UAE Posts First Middle NFT Stamps in the Middle East appeared first on Whaletank Blog - Market Maker News.

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The President of El Salvador defend the adoption of Bitcoin
Author: Whaletank Team
United States
Source: Whaletank Blog – Market Maker News
Dec 01, 2021 10:20

The President of El Salvador defend the adoption of Bitcoin

The Bank of England, as we all know by now, is not in any way a big fan of Bitcoin or the adoption of Bitcoin growing in countries around the world, such as El Salvador. The governor – Andrew Bailey – repeatedly expressed his concerns over the time, but this time, the president of El […]

The post The President of El Salvador defend the adoption of Bitcoin appeared first on Whaletank Blog - Market Maker News.

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The new German government quotes crypto in the coalition agreement
Author: Whaletank Team
United States
Source: Whaletank Blog – Market Maker News
Nov 29, 2021 10:15

The new German government quotes crypto in the coalition agreement

Three German political parties agreed this week to a coalition agreement that will see the left-wing Social Democrats (SDP), the Green Party and the right-wing Democrats take over the reins in December this year. According to a roughly 177-page translation of the agreement released Wednesday, the coalition calls for a new “dynamic in relation to […]

The post The new German government quotes crypto in the coalition agreement appeared first on Whaletank Blog - Market Maker News.

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NFT has been designated the English word of the year 2021
Author: Whaletank Team
United States
Source: Whaletank Blog – Market Maker News
Nov 27, 2021 02:00

NFT has been designated the English word of the year 2021

NFT, the abbreviation for “non-fungible token”, which designates a certificate of authenticity associated with a virtual object, has been designated by the Collins English Dictionary as the word of the year 2021, from a shortlist that included terms such as “pingdemic”, “climate strike” and others, informs The Guardian. The abbreviation “NFT” registered a huge increase […]

The post NFT has been designated the English word of the year 2021 appeared first on Whaletank Blog - Market Maker News.

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After China’s ban of Bitcoin miners, Kazakhstan seeks nuclear solution to resolve energy crisis
Author: Whaletank Team
United States
Source: Whaletank Blog – Market Maker News
Nov 25, 2021 10:15

After China’s ban of Bitcoin miners, Kazakhstan seeks nuclear solution to resolve energy crisis

The exodus of Bitcoin miners from China to Kazakhstan has contributed to an energy crisis that the president of the Central Asian country will be trying to solve by using nuclear energy. Kazakhstan’s energy ministry has been blaming bitcoin miners for the astonishing 8% increase in domestic electricity consumption during 2021. The country has received […]

The post After China’s ban of Bitcoin miners, Kazakhstan seeks nuclear solution to resolve energy crisis appeared first on Whaletank Blog - Market Maker News.

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Floki Inu sponsors the SSC Napoli football team
Author: Whaletank Team
United States
Source: Whaletank Blog – Market Maker News
Nov 24, 2021 10:20

Floki Inu sponsors the SSC Napoli football team

The team behind the Floki Inu (FLOKI) symbol – inspired by Elon Musk’s pet dog of the same name – has signed a sponsorship deal with Italian football giant SSC Napoli. SSC Napoli was founded in 1926 and is one of the most popular professional teams in Italy. The club won its first Serie A […]

The post Floki Inu sponsors the SSC Napoli football team appeared first on Whaletank Blog - Market Maker News.

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El Salvador announces the first Bitcoin city in the world
Author: Whaletank Team
United States
Source: Whaletank Blog – Market Maker News
Nov 23, 2021 10:15

El Salvador announces the first Bitcoin city in the world

Bitcoin city – El Salvador is currently the only country where Bitcoin is the legal means of payment. This movement has witnessed many developments as well as some rejections. Amid protests, technical errors, and the inevitable volatility of the market, El Salvador continues to stimulate the adoption of BTC. In the latest move to adopt […]

The post El Salvador announces the first Bitcoin city in the world appeared first on Whaletank Blog - Market Maker News.

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India is a step closer to the full adoption of Cryptocurrencies
Author: Whaletank Team
United States
Source: Whaletank Blog – Market Maker News
Nov 22, 2021 10:20

India is a step closer to the full adoption of Cryptocurrencies

Adoption of Cryptocurrencies – After a lot of cryptocurrency-related debates, mainly regarding the “dangers” of unregulated crypto markets, such as the potential of cryptocurrencies being used to facilitate money laundering or fund various criminal organizations, the Government of India seems to be ready to regulate cryptocurrencies. On the other hand, it seems like the Indian […]

The post India is a step closer to the full adoption of Cryptocurrencies appeared first on Whaletank Blog - Market Maker News.

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