November 3, 2021

Soaring Crypto Investment Calls for Regulation: India’s Top Finance Newspaper

November 3, 2021

The Economic Times, one of India’s top finance newspaper, dedicated its entire front page to call on the government to provide regulatory guidance to the crypto industry. The Indian government has been sitting on a crypto regulation bill for at least a year. Meanwhile, since the Supreme Court lifted the Reserve Bank of India’s two-year banking ban on crypto exchanges in March 2020, investment in crypto has soared. Tens of millions of Indians have invested $80 billion (INR 6 trillion) in crypto, the newspaper wrote. Given…

Group of Exchanges Call on Indian Government to Regulate Crypto in Front-Page Ad

November 3, 2021

At the same time, the exchanges, which include WazirX, ZebPay, CoinDCX, CoinSwitch Kuber and others, committed in the ad in The Economic Times to complying with the Blockchain and Cryptocurrency Committee of India’s (BACC) self-regulatory code of conduct under the Internet and Mobile Association of India (IAMAI). Source

Leading African Conservancy to Raise Funds for Rhinos via Auction of Horn NFTs – News Bitcoin News

November 3, 2021

Black Rock Rhino, a leading rhino conservancy in South Africa, is set to raise funds for the endangered species via the auction of rhino horn non-fungible tokens (NFTs). Auction Proceeds to Pay for Sanctuary’s Expenses In what has been billed a first, the rhino conservancy — which is home to over 200 rhinos — together with a blockchain technology firm Virtual Nation Builders, is set to auction the non-fungible tokens at one of South Africa’s biggest NFT marketplaces, Momint. According to a statement released by Black Rock Rhino, the proceeds…

Bitcoin Whale Holdings Reach 2021 High Amid Inflation Fears

November 3, 2021

Bitcoin whales or large investors with ample capital supply appear to be buying again as fears of inflation lurching out of control strengthen the case for investing in store of value assets. Large investors, holding at least 1,000 BTC, snapped up 142,000 coins last week, taking the cumulative tally to nearly 200,000 BTC – the highest in 2021, blockchain analytics firm Chainalysis’ market intel report published on Tuesday said. The renewed buying amid rising inflation expectations across the globe suggests investment is the primary use case for bitcoin. “Its a…

JPMorgan Report Says CBDCs Can Save Banks $100B a Year in Cross-Border Costs

November 3, 2021

JPMorgan Report Says CBDCs Can Save Banks $100B a Year in Cross-Border Costs The report uses the ASEAN region and its corridors as an example, comprising Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, which ope CryptoX Portal

Solana secondary NFT sales reach half a billion in three months

November 3, 2021

Secondary sales volume for Solana (SOL) based nonfungible tokens (NFTs) has reached almost $500 million since the start of August. According to data from CryptoSlam, secondary sales of Solana NFTs have generated a total of roughly $497.7 million from around 348,000 transactions as of Nov. 2, with the average sale per NFT tallying in at $1,500. The data shows that Solana saw a record month for secondary NFT sales volume during September with a total of $189.4 million. While Solana is seen by some as an ‘ETH killer’ the Ethereum…

Ethereum Sets New ATH, Why ETH Could Soon Test $5K

November 3, 2021

Ethereum surged over 5% and surpassed $4,500 against the US Dollar. ETH traded to a new all-time high and it could continue to rise towards $5,000 in the near term. Ethereum gained pace above the $4,450 and $4,500 resistance levels. The price is now trading above $4,400 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $4,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh rally if it clears the $4,600…

Hong Kong’s SFC Has Received Multiple Requests for Crypto ETFs

November 3, 2021

In recent months, the Hong Kong Securities and Futures Commission (SFC) has received “a number” of requests from local companies that want to offer crypto-related exchange-traded funds (ETFs) to their private bank and professional clients, SFC’s Deputy Chief Executive Officer & Executive Director Julia Leung said. Source

Unique Ertha Land NFTs Are Flying off the Shelves – Sponsored Bitcoin News

November 3, 2021

sponsored The cryptocurrency market is at an all-time high and the NFT world is booming. ERTHA is one of the hottest P2E (play to earn) gaming Metaverse projects and has already achieved incredible product-market fit, while still being in the private NFT sale round. Erthaverse is a 3D virtual representation of a futuristic planet Earth, divided into 350,000 unique land plot NFTs, differing in resources and features. Landowners are joining a persistent, life-like simulation to build their homes, customize their environment, participate in politics, and earn real income by creating…

Microsoft muscles into the Metaverse with Teams updates and Xbox upgrades

November 3, 2021

U.S. tech giant Microsoft is taking the plunge into the Metaverse via updates to its Teams and Xbox gaming console services, along with a new product called “Dynamics 365 Connected Spaces.” Microsoft CEO Satya Nadella announced the firm’s Metaverse plans for Teams and Spaces on Nov. 2 during the Microsoft Ignite conference. “The Metaverse enables us to embed computing into the real world and to embed the real world into computing. Bringing real presence to any digital space. What’s most important is that we are able to bring our humanity…