Data shows Bitcoin traders’ neutral view ahead of Friday’s $750M BTC options expiry

Bitcoin (BTC) has bounced 11% from the $39,650 low made on Jan.10 and currently the price is battling with the $44,000 level. There are multiple explanations for the recent weakness, but none of them seem sufficient enough to justify the 42% correction that took place since the Nov. 10 all-time high at $69,000. At the time (Nov. 12), negative remarks from the U.S. Securities and Exchange Commission (SEC) were issued at the rejection of VanEck’s physical Bitcoin exchange-traded fund (ETF). The regulator cited the inability to avoid market manipulation due…

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Bitcoin Rewards Platform Satsback v2 Launches

Bitcoin rewards platform Satsback has relaunched in a new version, bringing a new brand to market with 10,000 online stores connected to offer cashback in BTC that is paid through Lightning, as well as a browser extension to facilitate customers’ shopping experience. “There are thousands of online stores available to users globally, but most participating merchants target specific European markets focusing on The Netherlands, Germany, Poland, the UK, France, and Belgium,” the company said in a statement sent to Bitcoin Magazine. “In addition, thanks to the Lightning Network, users can…

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QuickSwap lets users avoid Ethereum transaction fees with Polygon

As Ethereum gas prices rise, the chain that inspired Web3 is becoming gentrified, with high transaction costs pushing less wealthy users onto competing blockchains or scaling solutions. This means that many use cases are becoming unfeasible in the proverbial layer-one downtown, and suburban neighborhoods are being developed to allow for a cost-effective layer-two blockchain experience.  Since getting acquainted with Polygon around the time of its launch in late 2019, Sameep Singhania has been an avid supporter of projects built on the protocol. In 2021, he created QuickSwap, a decentralized exchange…

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Digital Yuan Wallet Ranks Among Most Downloaded Apps in China – Bitcoin News

The new wallet of China’s state-issued digital currency has quickly become one of the most downloaded applications in the country, within days of its launch. Its use and integration with other apps have contributed to an increase of digital yuan payments, media reports unveil. Wallet Launch Boosts Digital Yuan Ahead of Lunar New Year and Winter Olympics In the week after it was offered to the public, the digital yuan (e-CNY) wallet has placed among China’s most downloaded apps. On Wednesday, a day after its premiere, its downloads exceeded those…

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KlimaDAO increases carbon offset stash by 50% in two months

Carbon offset protocol KlimaDAO has now accrued over 14 million on-chain carbon offsets and is causing waves in the more traditional carbon offset industry. The aim of KlimaDAO is to acquire as many carbon offsets as it can in order to drive up their value and make offset-generating activities more profitable. The Mark Cuban-backed project’s treasury has added over 5 million carbon offset tokens since late Nov. 2021, bringing the total to 14.5 million as of the time of writing. Its offsets are tokenized and bridged to Polygon (MATIC) in…

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AscendEX reopened after $80M hack, Huobi suffers key personnel departures, and government officials punished for mining activities – Cointelegraph Magazine

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.   Limping out of 2021 We thought last week was rock bottom for Chinese exchanges, as BitMart was on the unfortunate end of a $150 million hack. This week, it was more of the same, as AscendEX lost $80 million to a similar style of theft affecting its Ethereum, BSC and Polygon hot wallet. On Dec. 16, AscendEX released…

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