Shiba Inu (SHIB) continued its march upward on Oct. 27, with its price hitting a record high of nearly $0.000060 before correcting lower. SHIB rallied by more than 25% to an all-time high of $0.00005959, crossing above its previous all-time high of 0.00005000, according to data from Binance. The latest move upside pushed the token’s month-to-date (MTD) returns to approximately 726%, making it the fifth-highest grossing cryptocurrency entering the final quarter of 2021. SHIB’s October gains had slipped to near 606% following a price correction from its record high, still higher…
Day: October 27, 2021
How regulation impacts DeFi adoption
Decentralized finance (DeFi) is shaping up to be one of the most important sectors within the blockchain industry. In just the last two years, DeFi’s total value locked (TVL) — the total value of assets locked into various DeFi platforms — has steadily increased from $21 billion at the start of the year to over $100 billion today. DeFi represents a wide range of financial products and services, including the all too popular decentralized exchanges (DEX). Despite the explosive growth of DeFi’s lending and borrowing products, insurance and even decentralized…
The Legends of Bezogia Blockchain NFT Rental MMO Game Takes Gaming Industry by Storm – Sponsored Bitcoin News
sponsored The Legends of Bezogia, the land where everything always goes up, is a massive open-world sandbox-style game where players can summon their own Bezogi characters from a large selection of different breeds by minting in-game NFTs, which randomly generate Bezogi. Each unique to their own playstyles and lore, Bezogi fight, craft and explore the epic lands of Bezogia. Crypto integrations in the gaming space are becoming ever more sophisticated and Bezoge Earth is taking this to the next level by making The Legends of Bezogia the most comprehensive gaming…
Blockchain Development Platform QuickNode Raises $35M
“This round is a major milestone that helps us deliver on our vision of growth in Web 3 through better infrastructure, improved tooling, and greater accessibility across all blockchains,” QuickNode vice president Amol Shah told CoinDesk in an email. Source
Dogecoin Conference rebrands, as Hodl Assets gets into fashion NFTs
Jenny Ta, founder of CoinLinked and chief operating officer of nonfungbile token (NFT) platform developer Hodl Assets, believes that the fashion-based NFT market will be worth billions in the future. Ta is a self-made millionaire who founded the crypto-powered social marketplace CoinLinked in May 2020. The firm was set to host a Dogecoin Conference in Las Vegas, but the event has since been rebranded to the “Cryptotainment Conference” following Hodl Assets’ acquisition of CoinLinked in August earlier this year. Ta was on-boarded as the new chief operating officer of Hodl Assets as…
DBS Bank joins Hedera blockchain’s governing council
The Hedera Governing Council has welcomed Singapore’s oldest bank, DBS Bank, as its newest member, making it the first Southeast Asian lender to join the worldwide Hyperledger organization. DBS Bank, a member of the advisory council on fintech, has joined the blockchain council alongside 39 other major technology, corporate and nonprofit leaders, including Google, IBM, Boeing, Deutsche Telekom, the University of London, Dentons and LG Electronics, among others. The Asian lender may acquire value from Hedera’s innovative enterprise blockchain platform while also influencing it by providing input on real-world business…
Nigerian Judge Rules in Favor of Accused Crypto Startup, Accounts to Be Reopened – Regulation Bitcoin News
A Nigerian Federal Court judge recently ruled that the two frozen bank accounts belonging to Rise Vest Technologies, which is accused of trading cryptocurrencies, must be reopened. CBN’s Bank Account Freeze Order Dismissed In a ruling that overturns the Central Bank of Nigeria (CBN)’s August 17 decision to freeze the bank accounts, Judge Taiwo Taiwo is quoted by The Nation insisting that the central bank could not simply rely on a mere circular when deciding to close an account. In addition, the news outlet quotes the judge explaining in his…
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UK Police Seize $2.7M in Crypto From Teenager in Money Laundering Investigation
The teenager, who was not identified for legal reasons, was arrested in August 2020 following an investigation into reports of credit card fraud and the theft of personal information to defraud a digital gift voucher company out of around £6,000 ($8,200). Source
European Central Bank announces digital euro advisory group members
The European Central Bank (ECB) has announced the formation of a Market Advisory Group for the purpose of exploring the infrastructural and circulation potential of the digital euro from the perspective of industry spearheads. The group also aims to uncover the digital euros optimal function within the pan-European currency’s vast payments ecosystem. The group includes a number of well-established experts from the banking and financial sector, including Aleksander Kurtevski, managing director of Bankart, Antonio Macías Vecino, head of payments discipline at BBVA and Axel Schaefer, payment regulation and innovation specialist…