Day: November 16, 2021

79 Crypto Exchanges Dead in 2021 – Even More Than in 2020 – Press release Bitcoin News

press release PRESS RELEASE. November 2021, leading Crypto service comparison site – Cryptowisser, announces its annual Crypto exchange graveyard. The list serves as the only existing extensive database for “dead” cryptocurrency exchanges. Over the last year many exchanges have been victim to regulatory regulations, hacking, and a highly competitive growing market. Six exchanges from the detailed report were even closed down due to the actual exchange being a scam. It was another rough year for crypto exchanges as nearly 80 exchanges bit the dust, but why are more and more…

Iota Foundation to launch staging network and reward token

The Iota Foundation has announced the upcoming launch of a staging network, Shimmer, in a bid to advance through the Iota roadmap toward fully functional decentralization. The layer-one network will act as an innovation testbed for developers and builders in the community seeking to evaluate decentralized finance (DeFi) and nonfungible token (NFT) applications. This sandbox model allows applications to establish efficiency and compatibility prior to launching on the Iota mainnet, ensuring smooth deployment. The first major network upgrades hosted on the Shimmer network are a programmable multi-asset ledger, smart contracts,…

Liquid Staking Protocol PStake Raises $10M in Strategic Funding

PStake, the liquid staking protocol from Indian trade finance company Persistence, has closed a $10 million strategic funding round led by Three Arrows Capital, Galaxy Digital, Sequoia Capital India and Defiance Capital. Other investors in the round included Coinbase Ventures, Tendermint Ventures, Kraken Ventures, Alameda Research, Sino Global Capital, Spartan Group and a number of angel investors. Source

ETC Group announces new blockchain equity ETF with HANetf partnership

The ETC Group and white-label issuer HANetf have reportedly announced the continuation of their partnership with the introduction of the ETC Group Digital Assets & Blockchain Equity UCITS ETF, a fund that tracks other cryptocurrency products. The new crypto-focused fund will provide digital assets and blockchain investment possibilities in a variety of subject areas, according to reports. Investors who are unable to trade digital assets directly or do not wish to hold non-UCITS may find the new ETF appealing. The ETC Group and HANetf are the main participants in the…

Top 4 Cryptocurrency to invest in 2021 | 1 Lakh to 1 Crore | Best Crypto currency to Buy Now

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Top 4 Cryptocurrency to invest in 2021 | 1 Lakh to 1 Crore | Best Crypto currency to Buy Now Coinswitch Kuber About this video – This video is based on Top cryptocurrency to Invest in 2021 or top crypto to buy now. So if you want to know about best cryptocurrency to invest, you can consider this video. We have also discussed about coinswitch kuber app which gives you a platform to invest in 75+ cryptocurrency. Coinswitch kuber is a very…

Hive Blockchain Posts Record Revenue in Q2 on Higher Crypto Prices

Canadian crypto miner Hive Blockchain reported record revenue of $52.6 million in its fiscal second quarter, up 305% from the same period last year, according to a statement. The company said the increase in revenue was mainly due to a rise in cryptocurrency prices, the increased production of Bitcoin as a result of its purchase of Quebec and Atlantic facilities and the acquisition of miners for those facilities. The gross mining margin was 86% in the fiscal second quarter, compared to 71% in the same period last year. Second-quarter earnings…

A Few Unorthodox Thoughts on DeFi Regulation

Approaching the DeFi regulation problem by imposing KYC-AML requirements on DeFi protocols is definitely viable but also quite constraining and potentially harmful to the DeFi space. The decentralized, transparent and programmable nature of DeFi provides a foundation for new types of regulatory frameworks. As a general principle, DeFi introduces groundbreaking innovations in the structure of financial primitives, so why shouldn’t we think about regulatory models that leverage those native innovations? Even though some of these ideas might result insufficient from a regulatory coverage standpoint, their underlying principles might help to…

Bitcoin stages ‘picture-perfect rebound’ at $58.5K as crypto liquidations top $875M

Bitcoin (BTC) recovered above $60,000 during Nov. 16 after a breakdown saw a trip to near $58,500. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Daily liquidations near $1 billion Data from Cointelegraph Markets Pro and TradingView tracked a resurgent BTC/USD as it reversed losses, which at one point topped 11%. After an overnight comedown accelerated, however, buyer support appeared to return — but not before 24-hour crypto liquidations hit $875 million. Crypto liquidations chart. Source: Coinglass Meanwhile, $58,400 corresponded with Cointelegraph contributor Michaël van de Poppe’s line in the sand to…