Day: November 23, 2021

DeFi Yield Protocol Enables Buyback, Farming and Staking V2 on Binance Smart Chain – Sponsored Bitcoin News

sponsored Nowadays, there are so many different viable ways of earning money through the usage of cryptocurrencies. In the past, many traders would have preferred to simply hold on to their coins or ‘hold’ for as long as possible in order to get substantial returns on their investments. However, as time went on, new methods such as mining, staking, farming, and more emerged through which many are now earning much more comparative to their previous amounts. What is the DeFi Yield Protocol? The DeFi Yield Protocol (DYP) is a one-of-a-kind…

Top Blockchain University: University College London

The university offers courses to undergraduates, including “Blockchain Technologies,” “Cryptocurrencies” and “Monetary System and Digital Finance.” The latter course combines a study of decentralized payment systems like bitcoin with a wider look at “how modern investment strategies use technology and machine learning to make optimal decisions,” as well as “the foundations of fintech and insurtech.” Source link

Top Blockchain University: Hong Kong Polytechnic University

Hong Kong has an illustrious place in the brief history of blockchain and crypto. The world’s largest stablecoin, tether, was created in the city as was the crypto derivatives exchange FTX Trading, to name just two. Hong Kong’s financial regulations have been relatively friendly to crypto as well. Students settling in the city might find opportunities aplenty on their doorstep. Source

ASIC chair Longo calls the growing demand for crypto ‘impossible to ignore’

Joe Longo, chair of the Australian Securities and Investments Commission, or ASIC, spoke at the Australian Financial Review Super and Wealth Summit on Monday at the Fullerton Hotel in Sydney.  The rise of crypto, he said, has been “nothing short of phenomenal, and impossible to ignore.” As a corporate and markets regulator, Longo admitted to a certain fascination with decentralized autonomous organizations, or DAOs. He said that they present certain challenges for national regulators like ASIC: “To paraphrase a concept familiar to corporate lawyers, to whom does ASIC turn to…

Crypto in Asia: Wealth Accumulation, not Decentralization

Vauld was established three and a half years ago as a crypto lending and trading platform out of Singapore with backing from multiple venture-capital investment firms. It currently serves 350,000 customers, primarily in the Asian market, including India. Vauld works by aggregating capital, which is then deployed to generate a yield that is passed on to its customers. It also has a brokerage platform where customers can execute orders on Binance, with little slippage and low fees. Source

Según el FMI, bitcoin no debería ser de curso legal en El Salvador

El Fondo Monetario Internacional (FMI) dijo que bitcoin no debería utilizarse como moneda de curso legal en El Salvador e instó al país centroamericano a reforzar la regulación y supervisión de su recientemente creado ecosistema de pagos. En un comunicado publicado el lunes, el FMI recomendó a El Salvador reducir el alcance de su Ley Bitcoin y mencionó los “riesgos significativos” que bitcoin tiene para la protección del consumidor, la integridad financiera y la estabilidad financiera. El informe fue realizado luego de una visita oficial del FMI en el marco…

eToro to delist Cardano by 2022 for US users due to regulatory concerns

In a statement released to customers on Tuesday, Israeli cryptocurrency exchange eToro announced it would delist Cardano (ADA) and Tron (TRX) for United States customers by the end of the year. After Dec. 31, U.S. users will no longer be able to open new positions in the tokens nor stake ADA and TRX. In addition, wallets will be effectively in withdraw-only mode until the first quarter of 2022, when selling will also become limited. In making the decision, eToro cited regulatory concerns surrounding both assets. The move came as a surprise…

Top Blockchain University: Massachusetts Institute of Technology

The university’s teaching staff are held in such high regard outside its walls that some have gone on to higher office. For instance, until his appointment this year, the chairman of the U.S. Securities and Exchange Commission, Gary Gensler, was teaching courses about blockchain at MIT’s Sloan School of Management. He was also a senior adviser to the MIT Media Lab Digital Currency Initiative. Source

South Korea financial authority rules that NFTs are taxable

South Korea’s Financial Services Commission, or FSC, announced Tuesday that nonfungible tokens, or NFTs, will be taxed starting next year. According to The Korea Herald, this tax law amendment would impose a 20% tax on income from virtual assets that exceed 2.5 million won ($2,102) as of Jan. 1, 2022.  The FSC’s vice chairman Doh Kyu-sang specified that only some NFTs would be categorized as virtual assets and therefore subject to “other income” taxes, referring to those used for investment or payment on a large scale. Tax authorities are in…

Market Wrap: Altcoins Outperform as Bitcoin Stabilizes

Bitcoin’s price is starting to stabilize after a near-4% drop over the past week. The cryptocurrency was trading around $57,000 at press time and could go higher, initially toward $60,000-$63,000, according to technical indicators. Analysts expect trading volumes to decline this week given the U.S. Thanksgiving holiday on Thursday. “The last three years we’ve had downward volatility every time around this holiday; could be due to end of month rotations, options/futures expiries and rebalancing,” CryptoQuant wrote in a blog post. Bitcoin is up about 3% over the past 24 hours,…