A financial regulator in the United Kingdom is looking for crypto experts to assist in identifying illegal activities. The Financial Conduct Authority (FCA) recently published a tender notice seeking consultants to access a blockchain analytics platform to help counter money laundering and terrorism. “Under these regulations in scope crypto-asset firms are required to establish …
Monthly archives: November 2021
Moonpay Raises $555 Million in First Funding Round
Moonpay, a cryptocurrency payments service provider, has raised $555 million during its first funding round. Led by Tiger Global Management, this series A funding round propelled the valuation of the company to $3.4 billion, which will be used for expansion endeavors. The fiat-to-crypto ramp that Moonpay provides is key to several hundred wallets and services …
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Record, Recreate and Resonate: Welcoming Social Platforms into the Blockchain World
Social media continues to transform the world of communications and marketing. Platforms within the space currently enjoy some of the greatest popularity they have ever seen. October 2021 research from Global WebIndex reveals about 57.6% of the globe’s population uses social media, spending about 2 hours and 27 minutes on platforms each day. Usage spans …
Bitcoin hits new all-time high in Turkey as fiat currency lira goes into freefall
Bitcoin (BTC) has frustrated investors with its recent price correction, but in one country, BTC hodlers have never been more relieved. Market data from TradingView on Nov. 23 confirmed that Bitcoin has hit new all-time highs against the Turkish lira. Bitcoin passes 700,000 lira Turkey is unofficially battling a currency crisis as President Recep Tayyip …
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Binance CEO counters Elon Musk for bringing up Dogecoin issues
Twitter has become an arena for another cryptocurrency-related battle due to Binance experiencing ongoing issues with Dogecoin (DOGE) withdrawals. Tesla CEO Elon Musk, one of the world’s biggest Dogecoin fans, took to Twitter on Tuesday to bring up issues related to DOGE withdrawals on Binance. Tagging Binance CEO Changpeng Zhao, Musk wrote: “What’s going on …
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Bitcoin Mining Company Griid Secures $525 Million Credit Facility From Blockchain.com
On Monday, the mining firm Griid Infrastructure announced the company has secured a $525 million credit facility from the crypto firm Blockchain.com. According to the announcement, the credit facility will be a four-year term in order to increase the company’s mining capacity. Bitcoin Mining Infrastructure Firm to Increase Capacity With Help From Blockchain.com Cryptocurrency mining, …
Bitcoin exchanges see large deposits despite BTC reserves hitting 3-year lows
Bitcoin (BTC) whales are moving large amounts of coins to exchanges in tandem with large outflows, curious new data shows. According to the exchange whale ratio indicator from on-chain analytics firm CryptoQuant, large transactions have accounted for over 90% of recent exchange deposits. Top 10 deposits make up 90% of exchange inflows In a marked …
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Telos launches its very own EVM and combat Front Running in Crypto Market
When the news of Ethereum 2.0 broke out, many people were beyond excited. The issue of transaction scalability and sustainability was going to be fixed. However, even Ethereum 2.0 left an essential problem out that crypto investors are still facing, an important problem known as FRONT RUNNING. This problem resulted in the loss of thousands …
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Everything You Need to Know in Order to Buy Crypto
It might be difficult to figure out how to acquire Bitcoin and other cryptocurrencies if you’re new to crypto. Thankfully, learning the ropes is rather straightforward. Learn more about cryptocurrency, including what it is, how to acquire it, and how to protect yourself by following these five simple steps: Choosing a Cryptocurrency Exchange or Broker …
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Underdog Coins To Eye In 2022
Here are some underdog coins that could stay a bit under the radar until next year as the DeFi and NFT markets are in the spotlight this year. There are several noteworthy projects in these areas expected to gain traction in 2022, so it’s worth following them. We can also expect several new projects to …
Chimeras Announces NFT Sales for in-Game Assets
press release PRESS RELEASE. Chimeras is announcing a brand new collection of NFT-based characters for sale on INO platforms and its marketplace. November 23rd, 2021, Kyiv, Ukraine – Play-to-Earn gaming metaverse Chimeras is launching a brand new collection of NFTs based on in-game characters. There are two types of characters in Chimeras’ in-game world – …
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Twitter, Discord to support Solana NFT gallery ‘embed’ with Audius Web 3.0
California-based music streaming platform Audius released a new function that allows artists and fans to embed nonfungible tokens (NFT) on various blogs and social media platforms such as Twitter and Discord. The “embedded” functionality aims to improve fan engagement for musicians through NFT adoption and Web 3.0 integrations. To enable the feature, artists need to …
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Central Bank’s Targeting of P2P Crypto Transactions Forces Startup to Quit Nigeria
The Nigerian startup behind the social payment app for cryptocurrency and fiat, Kurepay, says the Central Bank of Nigeria (CBN)’s current crackdown on crypto entities has forced it to suspend operations in Nigeria. ‘Horrible’ Year for Crypto Adoption According to a report by the Cryptoassetbuyer, this suspension of operations is set to commence at the …
Valued at $9B, Pokemon Go creator to build metaverse with fresh funding
Niantic, the developer of the popular augmented reality (AR) mobile game Pokemon Go, is planning to build a “real-world” metaverse with newly raised funding. The company officially announced Monday the completion of a $300-million raise from the technology-focused investment manager Coatue, bringing the company’s valuation to $9 billion. Coatue is known as a major investor …
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IMF Report On El Salvador Is Positive… Except For Everything Bitcoin-Related
In a recent report, the IMF praises the way El Salvador handled the COVID-19 situation and announces that their economy grew 10% in 2021. The International Monetary Fund also recognizes El Salvador’s government efforts to reduce crime, “diversify the energy matrix, foster economic diversification, and enhance financial inclusion.” However, when it comes to Bitcoin, the …
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