The main organization representing participants in the Russian crypto space has lambasted authorities in Moscow for not doing enough to regulate the industry. The criticism comes four years after President Putin directed institutions to legally define the status of digital financial technologies. Regulators Accused of Failure to Take Russian Crypto Market Out of Shadow Russian …
Yearly archives: 2021
Crypto Exchange FTX Valued at $25,000,000,000 in Latest Funding, Drawing in Huge Institutional Investors
A new round of fundraising has given crypto exchange FTX a staggering 11-figure valuation, drawing in large institutional investors. The Bahamian-based company gathered $420.6 million with its latest session of fundraising, bringing in capital from blue-chip investors to raise its total valuation to $25 billion. ADVERTISEMENT Key investors included BlackRock, the biggest asset manager …
6 Questions for Jennifer Wines of Fidelity Private Wealth Management
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Jennifer Wines, vice president of Fidelity Private Wealth Management. Jen grew up between Mexico, Canada and the United …
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We haven’t even begun to tap into the potential of NFTs
Earlier this summer, CNN and The New York Times each warned that the nonfungible token (NFT) bubble, fueled by buzz over eye-popping valuations for digital art and interest from collectors, might already be bursting. As the sixth employee at a social media startup called Wildfire — which was acquired by Google in 2012 — I’m …
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One Low-Cap Altcoin Set for Massive Supply Shock As Solana Preps for Epic Rally: Crypto Analyst
A popular crypto strategist and trader is predicting a fresh price spike for smart contract platform Solana and says one low-cap altcoin is gearing up for a supply shock. Pseudonymous crypto analyst Credible tells his 251,900 Twitter followers that he expects Solana (SOL) to ignite a massive rally after breaking out and starting a new …
Satoshi Nakamoto’s Bitcoin (BTC) stash is now worth over $60 billion
Satoshi Nakamoto, the creator of Bitcoin, is now amongst the richest people in the world thanks to the recent price surge of the flagship digital asset. The value of Bitcoin, in its recent green run, spiked to as high as $62,945 before retracing to its current value of around $62,000. Going by the current exchange …
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Cryptocurrency ATM Boom Comes to Colombia
While Colombia is not a country that has embraced cryptocurrencies compared to Venezuela or some African countries, it is the country with the second most cryptocurrency ATMs in the Latam region. The reason behind this could be that Colombia has a high percentage of cash usage. This makes cryptocurrency ATMs a very important tool for …
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Bank of Russia Not Ready to Allow Bitcoin ETF Trading, Governor Says
Central Bank of Russia isn’t prepared to admit a bitcoin exchange-traded fund (ETF) to the market, the head of the regulator, Elvira Nabiullina, told Russian media. Her statement, reaffirming the bank’s hardline stance on cryptocurrencies that has been recently criticized again, came after the debut of bitcoin ETFs in the U.S. Central Bank of Russia …
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Paris Hilton Lists a Few Pieces From Her NFT Collection via Sotheby’s Metaverse Marketplace
Last week the leading luxury auction house Sotheby’s introduced its non-fungible token (NFT) marketplace called “Metaverse.” The Sotheby’s NFT marketplace has featured a number of collectible artworks including cards from the Rare Pepe card collection. Now the socialite Paris Hilton has introduced a few of her NFTs on Sotheby’s native NFT market featuring works from …
Silta Finance – Competitive Interest Rates and Fast Due Diligence Draw Project Finance Company Towards Crypto Loans
press release PRESS RELEASE. Silta Finance, a new DeFi lending solution, challenges traditional banking sector’s predominance in project finance by announcing a partnership with the Singapore headquartered development company WEnergy Global. WEnergy Global has agreed to explore cryptocurrency lending solutions to access project finance. The company is partnering with Silta, a new startup connecting DeFi …
Binance Moves 36,306 BTC Worth Staggering $2,214,339,246, Pays Just $3.47 in Transaction Fees
Global crypto exchange Binance just shuffled a 10-figure sum of Bitcoin between wallets as BTC clings to the $60,000 level. Crypto data tracker BitInfoCharts spotted a massive transaction to the tune of 36,306 BTC – worth over $2.21 billion at the time of writing. ADVERTISEMENT The transaction was first broadcast to the Bitcoin network …
Shiba Inu surges over 45% in two days to reach an all-time high
Shiba Inu (SHIB), a spin-off to Dogecoin (DOGE) token, reached an all-time high following a price surge of more than 46% in just two days. The SHIB/USD trading pair was valued highest at $0.00003941 during press time. The latest price jump of SHIB token is attributed to an ongoing bullish trend from Oct. 15, which …
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OTC crypto shops flood Hong Kong, but regulations may impact their presence
Hong Kong, one of the most significant and leading financial centers in the world, has played a large role in the development of cryptocurrencies. For instance, the Chinese territory has birthed some of the most established and successful crypto companies to date including the crypto derivatives exchange FTX, along with the digital asset platform Crypto.com. …
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YouTube channels hacked and rebranded for live-streaming crypto scams
A new report shared by Google’s Threat Analysis Group (TAG) highlights an ongoing phishing campaign against YouTube creators, typically resulting in the compromise and sale of channels for broadcasting cryptocurrency scams. The TAG attributes the attacks to a group of hackers recruited in a Russian-speaking forum, who hack the creator’s channel by offering fake collaboration …
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JPMorgan says inflation, not ETF, powered Bitcoin (BTC) to $67,000
US bank JPMorgan says the launch of the ProShares Bitcoin futures ETF is unlikely to trigger a rise in the prices of Bitcoin. They instead stated inflation as a key reason that may have helped propel Bitcoin prices to soar to new all-time highs. Strategists also claim that the current price shift in Bitcoin was …
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