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Funding Roundup: Derivatives and Defi Draw a Fresh Influx of VC Firms and Private Investors
4.5.2021
As blockchain technology disrupts traditional industry standards, the list of progressive investors willing to stake their money has increased significantly. Leveraging this ongoing investment trend, both upcoming and ongoing projects are attracting millions of dollars from private investors...
Young Koreans Less Keen on Crypto Taxation Than Older Generations, Poll Finds
4.5.2021
Opponents of the government’s plan to tax gains from cryptocurrency trading outnumber supporters among South Koreans in their 20s, a new survey shows. Representatives of other age groups are more open to the proposed taxation of investments in virtual assets. Nearly Half of Young Koreans...
Spanish Healthcare Group to Accept Cryptocurrency Payments, Citing Interest in ‘Bitcoin Revolution’
4.5.2021
Cryptocurrency regulation is still an ongoing topic for the Spanish government and regulators, with some not too friendly measures against crypto ads or enhancing tax rules. However, adoption is on the rise in different industries, and the healthcare sector is joining the frenzy. Patients Could...
South Korean Ruling Party Contemplates Postponing Crypto Tax in a Bid to Regain Younger Votes
4.5.2021
South Korean political parties are now battling to catch younger votes amid the tough stance among higher government spheres toward digital currencies. As voters are disappointed by how parties are handling the issue, one of them has taken a step forward by talking about the forthcoming crypto tax....
DeFi Yield Protocol (DYP) Launches DYP Earn Vault
4.5.2021
Leading yield farming platform DeFi Yield Protocol has launched its highly anticipated DYP Earn Vault. The Vault is an automated yield farming contract fully integrated with Compound Protocol and supports five markets, including ETH, WBTC, USDC, USDT, and DAI. Earn Rewards on DYP Earn Vaults Users...
Ghana Regulator Labels Crypto Transactions Illegal— Urges People to ‘Stay Away From Them’
4.5.2021
Ghana’s Securities and Exchange Commission (SEC) recently warned residents of the West African country to avoid cryptocurrency transactions of any form. In the warning, the regulator reiterated that “cryptocurrencies are illegal in the country and are not regulated by the commission...
Thailand’s New Cryptocurrency Regulation Requires Users to Be Physically Present to Open Accounts
4.5.2021
The Thai government has reportedly imposed a new cryptocurrency requirement. Crypto exchanges will be required to verify users’ identities using a machine that requires the customers to be physically present. Thailand’s New Crypto Rules The Thai Anti-Money Laundering Office (Amlo)...
Fed’s Vice Chair for Supervision Calls on Bank Regulators to Pay More Attention to Cryptocurrency
4.5.2021
The Federal Reserve’s top supervisory official has called on bank regulators to pay more attention to cryptocurrencies and stablecoins. His comments followed a number of major banks announcing that they will be offering products based on cryptocurrencies, particularly bitcoin, to their...
Marlton Applauds Decision to Increase Digital Currency Group’s Authorized Purchase of GBTC Shares to $750 Million
4.5.2021
Investment management firm, Marlton, has applauded the recent decision to authorize the purchase by Digital Currency Group (DCG) of up to a total of $750 million worth of shares of Grayscale Bitcoin Trust (GBTC). This latest action follows Marlton’s recent call for DCG and the Grayscale board...
Blockchain-Based Gaming Illuvium (ILV) Token Is Now Listed on Bitcoin.com Exchange
3.5.2021
PRESS RELEASE. Bitcoin.com Exchange is thrilled to announce the listing of ILV, being available to trade on the 3rd May 2021 at 15:00 UTC. ILV was created by the Illuvium team, as the token to reward players in their open-world RPG adventure game built on the Ethereum Blockchain. ILV will start...
Fidelity Investments Launches Crypto Analytics Platform Sherlock for Institutional Investors
3.5.2021
The American multinational financial services corporation based in Boston, Massachusetts, Fidelity Investments has announced the introduction of a new comprehensive data and deep analytics solution for digital assets. The new product is called Sherlock and it’s meant for institutional clients...
Danske Bank Lowers Negative Rate Threshold, Denmark’s Business Minister Says ‘Enough is Enough’
3.5.2021
On April 26, 2021, the Danish multinational banking and financial services corporation Danske Bank published a press release explaining that the institution has changed the threshold for personal customers and standard interest rates for business customers in Denmark. The Bank plans to lower...
E-Commerce Giant Ebay Looking at Accepting Cryptocurrency for 187 Million Buyers, CEO Reveals
3.5.2021
Ebay is looking at cryptocurrency as a payment option for its 187 million buyers on the platform, the company’s CEO has revealed. The e-commerce giant is also exploring opportunities in the non-fungible token (NFT) business. Ebay Looking Into Adding Cryptocurrency as Payment Option Ebay...
Hip Hop Star Nas Calls Himself ‘Cryptocurrency Scarface,’ Mentions Coinbase Investment in New Video
3.5.2021
Hip hop legend and recording artist Nasir Jones, known by his stage name “Nas,” recently released a new video with record producer DJ Khaled and rapper Jay-Z. The songwriter mentioned being a “cryptocurrency Scarface” and also mentioned the San Francisco company Coinbase...
Venezuelan Crypto Regulator Sunacrip Strengthens AML/KYC Requirements for Virtual Asset Service Providers
3.5.2021
Sunacrip, the Venezuelan cryptocurrency watchdog, has recently published a new set of AML/KYC requirements for VASPs (Virtual Asset Service Providers) that establishes new and updated rules about the kind of information these providers must require and share with the Venezuelan government, raising...
Nigeria Stopping the Rejection of Old or Torn USD Notes Underlines Why Crypto Is a Better Reserve Currency
3.5.2021
In early April 2021, the Central Bank of Nigeria (CBN) issued a circular warning Nigerian institutions to stop the practice of rejecting old or lower denomination USD notes. The CBN issued the warning after it became “inundated with complaints from members of the public on the rejection...
Gold Bug vs. Bitcoin Bug: A Look at the Curious Relationship Between Peter and Spencer Schiff
3.5.2021
For years now the well known economist and gold bug Peter Schiff has continuously spoken out against bitcoin, as he claims precious metals are far superior. A great number of people have rebutted Schiff’s statements about bitcoin but during the last year, the gold bug has had a different...
Phuture Raises $1.5m in Seed Funding to Launch Indexing Protocol on Ethereum
3.5.2021
PRESS RELEASE. Phuture, a decentralised protocol built for the creation and investment of passive index strategies in a Web3 environment, today announced that it has completed its private seed round fundraise. The round, led by Ascensive Assets, raised a total of $1.5 million. Once live, Phuture...
Bitcoin Miners Start Signaling for Taproot Activation, People Prep for BTC’s Largest Update in 4 Years
3.5.2021
Bitcoin miners have started to signal for Taproot activation and crypto supporters are looking forward to the largest bitcoin update in almost four years. The mining operation Slush Pool mined the first block signaling for Taproot and since then the pools Foundry and F2pool have joined in...
Bill Maher Mocks Bitcoin, Citing Warren Buffett, Bill Gates, Nassim Taleb
3.5.2021
American comedian and television host Bill Maher mocked bitcoin and other cryptocurrencies, including dogecoin, on his show Friday. He quoted several bitcoin critics: Berkshire Hathaway CEO Warren Buffett, Microsoft founder Bill Gates, and “The Black Swan” author Nassim Taleb. Bill...