Decentralized finance protocol Acala announced Monday that they have raised 8.5 million DOT (worth $451.8 million at time of publication) from over 53,000 participants. The protocol is also set to win the first parachain auction on Polkadot. Unlike typical crowdfunding rounds, Acala’s financing mechanism is a crowdloan, which means it will eventually need to pay back …
Monthly archives: November 2021
Price analysis 11/8: BTC, ETH, BNB, ADA, SOL, XRP, DOT, SHIB, DOGE, AVAX
Bitcoin (BTC) is close to making a new all-time high and Ether (ETH) finally soared to hit a new high at $4,800. This pushed the total crypto market capitalization above $3 trillion for the first time ever on Nov. 8, according to data from CoinGecko. Data from Santiment shows that Bitcoin whales holding between 10,000 …
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Bitcoin Price Higher as Market Tops $3 Trillion, BNB, PARA, KDA, Nov. 8
Bitcoin bounced higher from recent consolidation. Crypto market cap soars above $3 trillion for first time. KDA touts 480k TPS scalability. BTC Bitcoin was back above the $65,000 level on Monday with the recent all-time highs back in play. BTC Price Index But the overall cryptocurrency market is playing its part with total valuations passing …
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BitStarMarkets Review – What Makes BitStarMarkets so Special?
Whether you’re a first-time cryptocurrency investor or a skilled trader, you’ve probably heard of the BitStarMarkets app. The broker located in the United States allows you to buy stocks, ETFs, and cryptocurrencies without paying any commissions. What is more, there is no minimum deposit required. You may also trade options on a low-cost market. Is …
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Astra Protocol and Squire Patton Boggs Partner on Crypto Compliance for Institutional Investors
November 8, 2021 – Dublin, Ireland Squire Patton Boggs – one of the world’s leading full-service legal companies for ensuring cross-border compliance counseling as well as incident response – has announced a new partnership with internationally-patented ASTRA Protocol, in order to give assurance and compliance confidence to the decentralized finance (DeFi) ecosystem. Squire Patton Boggs maintains business …
Bank of America COO Says He’s Come Around to Idea of Bitcoin Being Store of Value: Report
The chief operating officer of Bank of America is now reportedly open to the idea that Bitcoin (BTC) could be a store of value asset. Market Insider reports that during a conference hosted by crypto insights firm Chainalysis on Thursday, Tom Montag said he doesn’t view crypto as a threat to the banking industry. “I …
Verasity Announces Esports Fight Club Rebrand to VeraEsports
November 8, 2021 – London, United Kingdom Esports Fight Club (EFC), the leading blockchain-powered watch-and-earn platform, has announced the successful completion of its rebrand to VeraEsports on November 8, 2021. Verasity, a blockchain enterprise known for its patented ‘proof of view’ technology and as the parent organization of VeraEsports, initiated the rebrand to prepare the …
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KuCoin Margin Celebrates Its Second Anniversary With Millions of Dollars To Give Away
November 8, 2021 – Victoria, Seychelles KuCoin, a global leading cryptocurrency exchange, celebrates the second anniversary of the KuCoin Margin Trading platform and will launch a series of celebration events with millions of dollars of rewards. Launched in 2019, KuCoin Margin enables users to borrow tokens to amplify investment returns from successful trades. Until now, …
Huobi Group is moving to Gibraltar following China crackdown
Huobi Group, a Bitcoin (BTC) technology firm established in 2013, is relocating its spot-trading business to Gibraltar as a precautionary measure following China’s cryptocurrency clampdown. According to a report by Bloomberg, the Gibraltar Financial Services Commission has authorized Huobi to begin moving its spot-trading operations to affiliate Huobi Technology (Gibraltar) Co. As a result, Huobi …
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Dutch multinational ING considers entering DeFi lending industry
In a presentation made during the Singapore Fintech Festival, Annerie Vreugdenhil, chief innovation officer of ING, announced the firm is working on a trial of its decentralized finance, or DeFi, peer-to-peer lending protocol with the Netherlands Authority for the Financial Markets. Vreugdenhil said the following in regards to the development, as reported by Ledger Insights: …
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Coinbase launches standalone browser extension for Coinbase Wallet
United States cryptocurrency exchange Coinbase has rolled out a new standalone browser extension for its Coinbase Wallet, giving users the ability to more easily access thousands of digital assets on decentralized exchanges, commonly known as DEXs. Beginning Monday, Coinbase Wallet will be available as a standalone browser extension, which means new customers can download the …
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Law Decoded: Which currency is the paycheck of your city’s mayor in? Nov. 1–7
Even though crypto has long attained relevance as an independent political issue, at times it gets entangled with the broader dynamics of the political process. The notorious infrastructure bill — a major pillar of the Biden administration’s economic agenda — suddenly passed in the U.S. House last Friday despite congressional Democrats’ original agreement to vote …
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US agency FBI gives tips on dealing with the rise in crypto ATM fraud
U.S law enforcement agency the FBI has posted a warning about a new type of crypto scam that’s gaining popularity. It involves a scammer convincing a victim to put cash into a crypto ATM to send funds via a QR code. The crypto ATM/QR scam Crypto scams cover a variety of methods, but perhaps most …
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Decentralized home sharing platform Dtravel is now live for bookings
Dtravel, a decentralized platform for the home-sharing economy facilitating short and long-term stays, today announced the launch of its home-sharing booking platform. Starting today, guests can book short and long-term accommodations on Dtravel, which provides guests and hosts with lower costs and more control than incumbent home-sharing platforms. Introduced earlier this year by former executives …
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How did the DeFi, NFT and crypto market change in October?
Following a volatile September, the crypto market rebounded to an all-time high in October, with DeFi’s TVL exceeding $250 billion and BTC pushing past $66K. DeFi TVL Change (Data source: Footprint Analytics) But with all eyes on rising token prices, it was easy to miss some trends and announcements that look likely to impact the …
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