Dollar Declines for the Second Week Despite US Positive Data
22.10.2021
Friday witnessed the second week of decline in dollar rates in Asia, even though the US data presented a positive report. Lower than expected manufacturing statistics in the United States and rising wagers that monetary policy will be normal compared to the other nations contributed to...
Bitcoin and Ethereum Reach Key Support, Altcoins Face Sellers
22.10.2021
Bitcoin price started a downside correction from the USD 67,000 zone. BTC corrected lower below USD 65,000 and USD 63,500, before going higher again. It is currently (11:51 UTC) trading above USD 63,500, but there is a risk of a downside correction.
Besides, most major altcoins are also correcting...
Crypto-to-fiat liquidity startup Xanpool raises $27M
22.10.2021
XanPool positions itself as a “Uniswap-like” crypto-to-fiat AMM relying on the liquidity of its participants
Spanish Banks Interested in Offering Crypto Assets to Their Customers
22.10.2021
Spanish banks are preparing for the possibility of offering crypto assets directly to their customers. According to new regulations, the Bank of Spain must formulate a list of virtual asset service providers and custody companies. However, these institutions are still not sure if they must apply...
Bitcoin extends correction as Ethereum sees 'picture perfect' rejection at all-time highs
22.10.2021
A copycat move from ETH leaves investors noticeably disappointed and puts the brakes on the "up only" trend of the past week
First Bitcoin ETF in Immediate Danger of Hitting Cap on Contracts Held
22.10.2021
The first bitcoin (BTC) futures-backed exchange-traded fund (ETF), ProShares’ BITO, is reportedly already in danger of breaching a limit on the number of futures contracts it is allowed to hold under current Chicago Mercantile Exchange (CME) rules....
Read More: First Bitcoin ETF in Immediate...
Proximity Labs Announces $350M DAO for DeFi on NEAR
22.10.2021
The DeFi sector recently received a huge boost with Proximity Labs’ latest announcement. The research and development venture announced the release of a 350 million dollar DAO targeting the NEAR network. Proximity Labs will grant the DAO to projects, individuals, and organizations developing DeFi...
FATF’s New Guidelines Drop Next Week, Will Tackle Stablecoins, NFT & DeFi
22.10.2021
The Financial Action Task Force (FATF) will publish its updated guidelines on crypto sector policing next week – and will broaden its scope to include stablecoins, peer-to-peer (P2P) platforms, non-fungible tokens (NFTs), and decentralized finance (DeFi).
The body also wants to see evidence that...
Pakistan Court Orders Government To Develop Crypto Regulations
22.10.2021
The Sindh High Court, the top court of Pakistan’s Sindh province, has instructed the country’s government to develop regulations for cryptoassets within a three-month period, and established a committee to look into the legality of such regulations under Pakistani law. ...
Read More: Pakistan Court...
Russian Oil Companies Propose to Mine Cryptocurrencies at Their Wells
22.10.2021
Companies involved in oil production in Russia have come up with a project to organize the mining of cryptocurrencies right next to the oil fields they are exploiting. Data centers devoted to coin minting can be powered by the excess gas released during oil extraction which would otherwise...
Every spectactor in a section of FTX Arena handed $500 in crypto at season opener
22.10.2021
The international crypto exchange also gave every spectator a T-shirt linked to an exclusive Opening Night FTX Arena NFT
17% of addresses snapped up 80% of all Ethereum NFTs since April
22.10.2021
According to research from Moonstream the top 16.71% of all NFT hodlers on Ethereum owned 80.98% of NFTs between April 1 and Sept. 25