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Sats Mode Has Arrived on Okcoin Exchange
23.11.2021
Okcoin is the first and only U.S. licensed crypto exchange to launch Sats Mode, a novel, decimal-free way to manage your bitcoin, grow the stack, and enjoy breakthroughs. What is Sats Mode? One satoshi, often known as a sat, is one hundred millionth of a bitcoin, making it the tiniest bitcoin unit....
FTM BET Started Integrating Chainlink Price Feeds
23.11.2021
Chainlink, a decentralized oracle network that provides real-time pricing data every 5 seconds, has been critical to FTM’s success. Integrating Chainlink Price Feeds is indeed a significant step forward because it offers reliable and fool-proof statistics on the FTM Predictions utilizing...
Nigerian Crypto and Blockchain Advocacy Group: Freezing or Closure of Bank Accounts Not Supported by Law
23.11.2021
The Blockchain Industry Coordinating Committee of Nigeria (BICCON), has said it is not lawful for Nigerian financial institutions to arbitrarily freeze or close bank accounts belonging to individuals or entities accused of trading cryptocurrency. Affected Crypto Entities Told to Seek Legal Advice...
Moonpay Raises $555 Million in First Funding Round
23.11.2021
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...
Bitcoin Mining Company Griid Secures $525 Million Credit Facility From Blockchain.com
23.11.2021
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...
Central Bank’s Targeting of P2P Crypto Transactions Forces Startup to Quit Nigeria
23.11.2021
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...
Australian Senator: We Need to Acknowledge Crypto Is Not a Fad, Defi Presents Huge Opportunities
23.11.2021
Australian Senator Jane Hume says we need to acknowledge that cryptocurrency is not a fad, adding that there are huge opportunities in decentralized finance (defi). “We should tread cautiously, but not fearfully,” she said, emphasizing that “Australia mustn’t be left...
Citigroup to Hire 100 People for Its Crypto Division: Report
23.11.2021
Citigroup is reportedly looking to hire 100 people for its new crypto team. “We believe in the potential of blockchain and digital assets including the benefits of efficiency, instant processing, fractionalization, programmability, and transparency.” Citigroup Growing Its Crypto Team...
Citi Group appoints head of digital assets in crypto hiring spree
23.11.2021
The new head of digital assets at Citi’s institutional branch will focus on pursuing connections and investments with clients, startups, and regulators
US and UK Agree to ‘Heighten the Focus on Illicit Use of Cryptocurrency’
22.11.2021
The U.S. and U.K. governments have “committed and agreed to heighten the focus on illicit use of cryptocurrency and ransomware,” the U.S. Department of Justice announced. According to the FBI, high crypto prices have partially made ransomware “incredibly lucrative for...
Cryptocurrency Bill Will Be Tabled for the Cabinet Approval Before Parliament Session
22.11.2021
The much-awaited Cryptocurrency bill in India is likely to be tabled at the Union Cabinet meeting before the parliament session. The law defining the regulation of cryptos, their categorization, and the intention to tax revenues may be put up for passing in the winter session of Parliament...
Bitfinex Parent Company Joins Hands with El Salvador Government
22.11.2021
El Salvador, the crypto country, is on a roll with back-to-back high-profile announcements. First, the nation recently announced a Bitcoin City only to follow it with a partnership with the El Salvador government. iFinex, the parent company of Bitfinex, released an official post about joining hands...
PayPal Q3 Earnings – How Crypto Adds Up
22.11.2021
PayPal has long been a big player in the world of online payments. This year was going to be an interesting one for the company, though, with many people heading back to work or traveling and the recent launch of their new cryptocurrency service. Now that the third-quarter earnings report has been...
Ardana’s DANA Token and Its Contribution to the Ecosystem
22.11.2021
Every project and its respective ecosystem relies on a native utility token for a variety of reasons, such as helping power the underlying network, staking to achieve consensus, and acting as a governance mechanism. They essentially function as the backbone of the project. Ardana is not different....
SkyLaunch Finance Setting Up New Standards for IDO Platforms with Due Diligence
22.11.2021
SkyLaunch is so far the only active multi-chain IDO platform that is trying everything to go beyond the capital investment raised at the beginning by providing participants on the platform and their projects with adequate solutions. Along with this, the platform provides support to individuals...
Finiko Founder Doronin Offers to Testify Against 44 Accomplices at Crypto Pyramid
22.11.2021
Kirill Doronin, mastermind of the Russian crypto Ponzi scheme Finiko, has proposed to testify against dozens of his former associates he claims violated his order to accept only cryptocurrency from investors. The founder of Russia’s largest financial pyramid in modern times has already...
Fund Managers Increasingly Prefer Bitcoin Over Gold — Say It’s a Better Store of Value
22.11.2021
A growing number of fund managers and institutional investors now prefer bitcoin over gold. They see the cryptocurrency as a better store of value and a better inflation hedge. “I think it’s probably going to be ten times better than gold over a long period of time,” said...
IRS Expects to Seize Billions of Dollars in Cryptocurrency Next Year — More Than $3.5 Billion in Crypto Seized This Year
22.11.2021
The Internal Revenue Service (IRS) has revealed that $3.5 billion in crypto was seized during the fiscal year 2021. This represents 93% of all funds seized by its criminal investigation unit during the same time period. The agency expects to seize billions of dollars more in cryptocurrency next...
Crypto FOMO: Australia’s Largest Bank Sees ‘Bigger Risks in Not Participating’ in Crypto
21.11.2021
The CEO of Commonwealth Bank of Australia (CBA), the country’s largest bank, sees big risks in not participating in cryptocurrency. “We see risks in participating, but we see bigger risks in not participating,” he explained. Crypto FOMO, Banks Need to Get Involved, Says CEO...
Avalanche Value Surges Reaching an All-Time High, AVAX Joins the Top Ten Crypto Markets
21.11.2021
Cryptocurrency markets have started to recuperate from last week’s losses as bitcoin, ethereum, and a slew of digital assets have seen slight gains. However, the cryptocurrency avalanche has seen its value skyrocket this past week 46.9% higher over the last seven days. Avalanche has also...