Day: October 13, 2021

Bitcoin rewards triggered shopping frenzy for cardholders: BlockFi data

Bitcoin (BTC) turned out to be a far more attractive prize than airline miles or other cashback rewards, new data from BlockFi suggests.  It’s been three months since the New York-based crypto loans startup launched its Visa-backed Bitcoin rewards credit cards, BlockFi Rewards Visa Signature Credit Card, to customers. The card offers rewards in Bitcoin instead of using a more traditional points system. According to the company, if the average Bitcoin rewards card owner continues the shopping habit seen in these first three months, they’ll be on track to spend…

Estonia’s New Anti-Money Laundering Chief Wants Stricter Rules for Crypto Licenses

Mets said that the Estonian parliament, the Riigikogu, must pass the new regulations, which the FIU supports, and that if they win approval, crypto operators will have a time period to adopt them. He said that the regulations would help ensure that crypto operators are managing risks and also bolster the FIU’s oversight of crypto services. “The changes reinforce a transparent and trustworthy business environment,” Mets said. Source

Estonia’s New Anti-Money Laundering Chief Wants to Revoke All Crypto Licenses

Matis Mäeker, who was appointed head of Estonia’s anti-money laundering government agency, believes Estonia should scrap its current crypto regulations and start again, he said in an interview with the local news outlet Eesti Ekspress. Estonia has been known among crypto entrepreneurs as a friendly jurisdiction and getting a license there until recently has been easy. Now, that could change. Talking to journalists, Mäeker said that crypto companies have made “tens of billions of euros per year,” and that most of that total ended up in other countries and didn’t…

Biden’s Orwellian Tax Surveillance Policy — CoinDesk

Republicans, it must be said, are also deeply culpable in this travesty, though they have, as usual, outmaneuvered and outsmarted the blundering, out-of-touch Dems into taking the brunt of the anger. It was the Republicans, remember, who rejected a provision in an earlier version of the bill that would have increased the enforcement budget of the IRS. That would have made it easier for the agency to investigate the high-end tax cheats who really matter. According to the Congressional Budget Office, it would have returned roughly $2.50 for every dollar…

Polkadot Sets Date for Hotly Anticipated Parachain Auctions

The much-anticipated parachain auction process, where projects are allocated slots for building on the Polkadot cryptocurrency network, kicks off next month. The first of the auctions is slated to begin on Nov. 11, according to the Polkadot Council. A proposal was submitted to the governance forum minutes ago. Stepping back, the parachain auction process is an important milestone in realizing Ethereum co-founder Gavin Wood’s vision for an interconnected blockchain framework. (Parachains have already been running successfully on Polkadot’s already-live “canary” network, Kusama, with 11 parachain slot auctions taking place since…

Dapper Labs Signs Multiyear Partnership With NBA Star Kevin Durant’s Boardroom — CoinDesk

“From the moment we met with Kevin and [Thirty Five Ventures co-founder Rich Kleinman], it was clear that we shared a passion to bring fans closer than ever and in the most epic ways to their favorite athletes,” Dapper Labs CEO Roham Gharegozlou said. “As KD continues to put his stamp on game-changing moments, we’re able to offer fans access to him in entirely new ways and cement NBA Top Shot’s place at the center of the fan experience.” Source BoardroomCoindeskDapperDurantsKevinLabsMultiYearNBAPartnershipsignsStar CryptoX Portal

Most Popular Blockchain Games | 2020 review

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Jon Jordan looks at the performance of the six most popular blockchain games during 2020. Games covered are: Splinterlands, Upland, Axie Infinity, Prospectors, Crypto Dynasty and My Crypto Heroes. Data from DappRadar – ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Cardano Slips to 5th-Largest Crypto Market Position — ADA Down 30% Since All-Time High Last Month – Altcoins Bitcoin News

During the second week of October, bitcoin market values have maintained prices between $54K to $57K. Meanwhile, myriad alternative crypto assets have not yet seen the gains the leading crypto asset has enjoyed during the last two weeks. For instance, cardano used to be the third-largest crypto market in terms of valuation, but after losing 4.8% cardano has slid down to the fifth position this past week. Cardano Drops from 3rd-Largest Crypto Market Cap to 5th-Largest The digital currency cardano (ADA) has seen some decent gains during the last 12…

Makor Capital Raises $17M in Series A Funding to Grow Brokerage Platform Enigma

Makor Capital, a brokerage and investment banking group, raised $17 million in Series A funding to grow Enigma Securities, its digital asset brokerage. The round valued London-based Makor at $200 million and was joined by blockchain company Algorand and billionaire hedge fund manager Alan Howard. Algorand CEO Steven Kokinos will join the company’s board of directors. Makor’s digital asset brokerage, Enigma Securities, has a monthly trading volume of $2 billion, according to an announcement Wednesday. Alan Howard has made numerous investments in crypto firms in recent months, following the news…

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