Russian Parliament Sets Up Working Group on Cryptocurrency Regulations

A working group on cryptocurrencies and related activities will soon begin to meet at the State Duma, the lower house of Russian parliament. Its members are expected to take on the task of clarifying various regulatory aspects related to digital financial assets such as the legalization of mining and the introduction of taxation. Working Group …

Data indexing solution SubQuery Network will be launching on Acala

SubQuery, a data indexing solution based on Polkadot, announced that it will launch on the Acala parachain. Both the SubQuery Network and SQT will aim to be the first external application and token to launch on Acala’s ambitious DeFi platform. Weeks ahead of its launch, Acala is already set to host dApps SubQuery, a data …

Bitcoin dumps $2,000 within minutes as new COVID strain detected

After predicting Bitcoin’s 50% crash in March, institutions are turning bearish again Bitcoin has embarked on a spectacular run since the $3,700 lows seen in March, but data shows that institutional investors are flipping bearish on the cryptocurrency market in the short to medium term. 2 min read → Go to Source

Grayscale says metaverse is a $1 trillion industry following rise of MANA, SAND, and AXS

Earlier in the year, many people had little to no understanding of what the metaverse was or how it was going to operate, not to talk of the economic opportunity present in the space. However, since Facebook changed its name to Meta and revealed that the new focus of its business would be the metaverse, …

Sidus Heroes CEO Dan Khomenko Talks About the Economics of Play-to-Earn Blockchain Games, NFTs and the Metaverse

SIDUS HEROES is the first ever WEBGL, AAA-level, Play-to-Earn, NFT and MMORPG game. The game is set in a space metaverse at a time when technological advancements have reached the level of merging with all living beings. All characters belong to one of several blockchain races and embody that chain’s strongest attributes. Dan Khomenko is …

Etoro to Limit Cardano and Tron Services in US Due to Regulatory Concerns

Etoro, an Israel-based trading platform, has taken action on its platform regarding the trading of cardano and tron. Now, U.S.-based customers will have limited functionality with these cryptocurrencies on the Etoro platform starting in December. Etoro explained in a post that these new measures were a consequence of “business-related considerations in the evolving regulatory environment.” …

Uzbekistan Allows Residents to Trade Cryptocurrencies on Local Exchanges

Changes to the rules governing activities of crypto exchanges in Uzbekistan now allow residents to trade coins on licensed platforms. Uzbekistanis could previously only sell their digital assets. The new provisions also regulate the issuance of tokens and their listing. Uzbekistan Loosens Restrictions on Domestic Crypto Trading Uzbekistanis will be able to trade digital currencies …

Linkin Park frontman Mike Shinoda to launch music NFTs on Tezos

Analyst: Downside may be imminent for Chainlink and Tezos, April’s top crypto trades Prior to late last week’s rally to $7,800, Bitcoin was stuck in a consolidation pattern for weeks on end, trading in a 10 percent range for what was literally weeks. 3 min read → Go to Source

Metaverse ‘land sales’ come to Polkadot via PolkaStarter

Polkadot launchpad platform Polkastarter announced yesterday that will begin offering real estate land sales. According to the company’s announcement, the first NFT metaverse Land Sale will take place next week on Polkastarter, enabling users to snap up real estate from the best metaverse projects. Buying virtual land is now as easy as buying tokens Given …

Ban or No Ban: Conflicting Reports on Crypto Regulation Coming Out of India

Ever since the Indian government listed a cryptocurrency bill to be taken up in parliament during the upcoming session that starts next week, much debate has transpired about whether the government will ban cryptocurrencies, such as bitcoin and ether. Crypto Regulation Is Coming but There Are Conflicting Accounts About What Is In It Indian crypto …

Mexico’s Third Richest Man Advises Buy Bitcoin Now — Says US Looking Increasingly Like Third World Country

Mexico’s third-richest billionaire, Ricardo Salinas Pliego, has advised investors to “buy bitcoin right now.” He explained that the U.S. is “looking more and more like any other irresponsible third world country.” Ricardo Salinas Pliego on US Economy and Bitcoin Mexican billionaire Ricardo Salinas Pliego commented on the U.S. economy and bitcoin Wednesday. He is the …

JPMorgan CEO Jamie Dimon Warns People to Be Careful When Investing in Crypto Citing ‘No Intrinsic Value’

The CEO of global investment bank JPMorgan has warned investors about investing in cryptocurrency. “Cryptocurrency has no intrinsic value. You are basically buying a token,” he said. “I would be very careful.” JPMorgan Boss Jamie Dimon Warns About Investing in Crypto JPMorgan Chase and Co’s (JPM.N) chief executive officer, Jamie Dimon, shared his thoughts on …

Ripple co-founder Jeb McCaleb’s “XRP dumping” has been on pause for the last 3 months

According to the website jed.tequ.dev, Ripple co-founder Jeb McCaleb hasn’t sold any XRP since the end of August this year. Making this one of the most prolonged periods in which he hasn’t offloaded his holdings. The data shows the last sale took place 12 weeks ago, where he transferred just under eight and half million …

Morgan Stanley just bought the Bitcoin (BTC) dip through Grayscale shares

Institutional investors’ interest in Bitcoin has refused to wane despite the continued price volatility of the flagship digital asset which has seen the asset rise to over $68,000 then drop to around $57,000 presently within the space of the last 30 days. An example of one such investor is a leading investment bank in the …

Crypto.com token (CRO) added $7 billion to its market cap over past week

On November 17, the cryptocurrency exchange Crypto.com and Anschutz Entertainment Group (AEG) shocked the world with a massive $700 million 20-year agreement on the naming rights of the Staples Center in Los Angeles. And now a week after the announcement, the Crypto.com CRO token price has doubled in value from $0.43 on Nov.17 to $0.76 …

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