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NYDIG Is Bringing Bitcoin Services To 100s Of American Banks In 2022

Numerous community banks throughout the United States are gearing up to begin offering Bitcoin and crypto trading services to their clients. Facing constant demand for new services aimed at crypto trading, over 300 banks will begin offering new services targeting Bitcoin to their clients by Q1 or Q2 of 2022 with the help of NYDIG, a subsidiary of Stone Ridge, that has already been heavily involved in supporting various crypto initiatives by traditional financial institutions.

Upland Metaverse Expands Into California Opens Los Angeles City

Uplandme Inc, a globally distributed organization headquartered in Silicon Valley and founded in 2018 by Dirk Lueth, Mani Honigstein and Idan Zuckerman and one of the hottest Metaverses on the blockchain, today announced its newest true-to-life digital mapped city  of Los Angeles is now open.

After Flipping On Crypto Stance, Russian Central Bank Trials Digital Ruble With 12 Institutions

The first phase of Russia’s Digital Ruble pilot program is underway with 12 different banks joining in to start a trial run of using the Central Bank’s digital currency for a wide range of different payment types. This all comes just days after Vladimir Putin highlighted the threats of Bitcoin and cryptocurrency, then reversed his stance.

Valkyrie Is Digging For Bitcoin Mining ETF

Crypto asset firm Valkyrie Investments has just submitted filings with the SEC to list a Bitcoin mining-focused exchange-traded fund on the Nasdaq. Valkyrie’s proposed ETF would invest a minimum of 80% of its net funds into stocks of domestic and foreign companies that generate at least 50% of their revenue from Bitcoin mining and related operations including the production of specialized mining chips, hardware, and software to support the industry. 

Street Signals Point To Potential End Of Satoshi Sale As Bitcoin And Ethereum Close Out Monday With Significant Gains

After a short reprieve over the weekend, cryptocurrencies continued their dramatic and prolonged slide on Monday, culminating in bitcoin losing nearly half of its value since it hit record highs last November. 

The Year Of The Crypto: AntGroup Chinese New Year NFTs, Hangzhou To Promote Digital Yuan Ahead Of 2022 Olympics, JD Launching Digital Yuan Hardware Wallet Support

To kick off the traditional Chinese New Year, Ant Group, an affiliate company of the Chinese Alibaba Group and owner of China’s largest digital payment platform Alipay, will be promoting a large number of digital collectibles that have quite a lot in common with non-fungible tokens (NFTs).

Altcoins Hit Hard In Recent Crypto Sell-Off As Bitcoin And Ethereum Post Large Losses

As the current crypto bloodbath continues, Altcoins are feeling the brunt of selling pressure, suffering double-digit losses in recent trading sessions. Altcoins enjoyed a recent price surge in the past weeks but have quickly experienced a correction giving up most of their gains. However, altcoins weren’t the only tokens to experience large declines. Bitcoin is down over 10% falling below $40k and Ethereum is down nearly 15% trading in the $2,700 range. 

Iron Hammer, Paper Hands: Russia Jumps On Crypto Ban Wagon, Moves To Outlaw Crypto Mining And Investment

On Thursday, Russia’s Central Bank launched a proposal to ban both cryptocurrency investments and mining, joining in a chorus of governments around the world cracking down on digital currencies while highlighting the various threats cryptocurrencies pose to monetary stability and private citizens. 

Singapore’s Central Bank Shutters Bitcoin ATMs Amid Crypto Crackdown

The Monetary Authority of Singapore (MAS) is Singapore’s central bank and integrated financial regulator and it has just taken steps to curb crypto trading by the general public releasing new guidelines for the industry that require immediate adoption. MAS has also taken the step of directing the business sector to abstain from both advertising or showcasing any products relating to cryptocurrencies to Singapore’s citizens citing the high risk environment surrounding crypto as the motivation behind the recent moves. 

Step Aside Solana! Cardano Claims Fifth Largest Crypto Market Cap

Cardano (ADA) has strung together several days of gains while the overall market has struggled with sluggish performances over the previous week. After it’s strong performance, rising from $1.15 on January 11 to $1.49 at the time of publication, Cardano now ranks as the fifth-largest cryptocurrency carrying a market capitalization of around $50 billion and at the same time outpacing Solana which sits at a market cap of around $43 billion.