Crypto News Cast For February 7th 2022 ?

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crypto news cast february 7th 2022 ?
Crypto News Cast 📮 07-02-2022

Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today

24hours Cryptocurrency Market Cap:

📈MarketCap:          $1994 B
📊24h Mcap %:        94.88%
⚠️Bitcoin Dom:        41.40%

📌Active Coins:       4513
📍24h Vol %:           8.12%
💲24h Vol:               $73 B

Crypto News Updates :

  • MIT And The Federal Reserve Bank Of Boston Publishes CBDC Research
  • Venezuela Approves A New Tax For Cryptocurrency Transactions
  • As Bitcoin Crosses $40k, Crypto Markets Soar Over $160Billion At The End Of The Week
  • The Capacity of the Bitcoin Lightning Network Has Reached New Heights
  • In 2022, Cardano Adds Over 9,000 Wallets Each Day On Average
  • Bank Of Russia Announces Atomyze As Russia’s First Digital Asset Issuer

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– MIT And The Federal Reserve Bank Of Boston Publishes CBDC Research

The results of Phase One of Project Hamilton, a collaborative effort to research and design a workable prototype for a CBDC were released by the Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT). It could scale to a nation the size of the United States. It is important to note that no branch of the US government has mandated the establishment or implementation of a formal CBDC. Read Full on Crypto Briefing.

– Venezuela Approves A New Tax For Cryptocurrency Transactions

The Venezuelan Government has permitted a new tax that will affect transactions made in foreign currency and cryptocurrency transactions. A tax approved by the country’s National Assembly, called a “large financial transactions” tax, would collect up to 20% over transactions made in currencies different from the national fiat currency or the Petro. Read Full on Bitcoin News.

– As Bitcoin Crosses $40k, Crypto Markets Soar Over $160Billion At The End Of The Week

After weeks of high volatility, the cryptocurrency market has made minor gains over the past seven days, attracting significant capital inflows into the space. According to data from Finbold, as of February 6, 2022, the cryptocurrency market had achieved a $2 trillion market cap after adding $162 billion in capital since January 31, 2022. As of writing time, bitcoin was trading at $41,632, gaining around 8.9% in the last seven days. Read Full on Finbold.

– The Capacity of the Bitcoin Lightning Network Has Reached New Heights

The Bitcoin community rejoiced when the layer 2 payment system reached a total lockout of over 3,400 BTC. This is roughly $141 million in today’s money. Lightning’s usage has skyrocketed in the last year, thanks to its near-zero rate BTC payments. As the crypto bull run progressed, investors and huge corporations began to use bitcoin as a network and an investment asset.Read Full on CryptoPotato.

– In 2022, Cardano Adds Over 9,000 Wallets Each Day On Average

The number of wallets storing the Cardano network’s native currency, ADA, has expanded dramatically in 2022. It’s worth mentioning that since the start of 2022, the number of Cardano wallets has increased by 13.08 percent, growing from 2,666,372 on January 1 to 3,015,400 on February 7, a total increase of 349,028. As a result, a total of 9,184 wallets have been added to the network on a daily basis since the start of the new year. Read Full on Finbold.

– Bank Of Russia Announces Atomyze As Russia’s First Digital Asset Issuer

On Thursday, the Bank of Russia stated that Atomyze was the first company in Russia to be added to the central bank’s list of licensed digital asset operators. Atomyze, a company that sells tokenized metal from Nornickel, a Russian mining and smelting behemoth, will be able to legally issue tokens and give wallets to Russian consumers. The startup employs Hyperledger Fabric-based blockchain technology.Read Full on coindesk.

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