Month: November 2021

Crypto’s impact on sanctions: Are regulators’ concerns justified?

The use of cryptocurrencies to evade international sanctions from various international governmental organizations like the United Nations (UN), the International Monetary Fund (IMF) and the World Bank, among others, has been a concern for regulators ever since the creation of cryptocurrencies. The rapidly increasing adoption of digital currencies in the last two years makes this discussion more important than ever, especially with the advent of central bank digital currencies (CBDCs) like the digital yuan.  In an interview on Nov.17, United States Deputy Treasury Secretary Wally Adeyemo said that the efficacy…

The Arrow Has Already Been on the String – Sponsored Bitcoin News

sponsored On November 27th, 2021, RChain‘s founder Greg Meredith and blockchain scientist Atticbee were invited as guests to an AMA hosted by the Hoo Exchange. Hoo is a Dubai based innovation driven crypto exchange and has their in-house developed public chain, HSC, built for the global cryptocurrency market. In this session, Greg Meredith and Atticbee shared the latest developments in RChain and remarkable ideas about the future of the blockchain and metaverse. Built as A Coordination Technology, Instead of Payment Platform According to Greg, RChain focuses on blockchain as a…

Grayscale Launches New Trust Dedicated to Solana

Digital asset manager Grayscale Investments has unveiled its sixteenth investment vehicle which will be passively invested in Solana. Grayscale is a subsidiary of Digital Currency Group, the parent company of CoinDesk. The Grayscale Solana Trust is now available to eligible individual and institutional accredited investors, the firm announced Tuesday. It follows similar products that offer exposure to prominent digital assets such as bitcoin, ether, bitcoin cash, litecoin, and stellar lumens. Solana has enjoyed explosive growth in 2021, increasing from around $1.50 at the start of the year to $214 at…

Avalanche ecosystem accelerator raises $18.5M in seed funding

Avalanche ecosystem accelerator Colony has raised $18.5 million in seed investments to bootstrap the next generation of Avalanche blockchain projects, underscoring heightened demand for the proof-of-stake ecosystem.  The investment round was led by the Avalanche Foundation, an organization overseeing ecosystem development grants, with additional participation from Shima Capital, HashKey, GBV Capital and Bixin Ventures. Members of the Avalanche community also participated in the seed round. Colony will use the funds to finance early-stage projects building on the Avalanche network and to provide liquidity for decentralized finance, or DeFi, protocols. Colony’s…

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‘NFT’ Chosen as 2021’s Collins English Dictionary ‘Word of the Year’ – Bitcoin News

As 2021 nears its end, the firm Harpercollins, the publisher behind the printed and online Collins English Dictionary, has revealed “The Collins Word of the Year.” According to collinsdictionary.com, the word of the year is the abbreviation for non-fungible token, otherwise known as “NFT.” Collins English Dictionary Word of the Year Is NFT Non-fungible token (NFT) collectibles have obtained a nod from the publishing team behind the Collins English Dictionary. The unabridged Collins English Dictionary is published by the company Harpercollins and was the first dictionary that was typeset using…

Crypto.com and Silvergate enable institutions to buy and sell crypto with USD

Major cryptocurrency exchange Crypto.com continues expanding its crypto on-ram and off-ramp solutions with a new partnership with the California state-chartered bank Silvergate. Crypto.com announced on Tuesday that it is working with Silvergate to allow institutional clients to deposit and withdraw from the exchange using the U.S. dollar (USD). According to the announcement, bank transfers to and from the Crypto.com exchange are now available for institutional investors. With the help of Silvergate, institutional clients can transfer USD between their bank accounts and Crypto.com with no fees. The new feature is enabled…

Crypto.com’s CRO Token Dominated Crypto Markets This Month on LA Stadium Deal

Crypto.com’s CRO token more than tripled in November, becoming the month’s top-performing cryptocurrency, after the company announced new marketing initiatives involving hiring Oscar-winning actor Matt Damon to star in an advertising campaign and purchasing a naming-rights deal with the Staples Center, where the Los Angeles Lakers basketball team plays. The cryptocurrency exchange and credit-card issuer founded in 2016 now has a market cap of more than $17 billion, making it the top performer in November among digital assets with a market cap above $10 billion, according to Messari. At press…

Shiba Inu gains over 30% in just two days as Kraken announces SHIB listing

Shiba Inu (SHIB), a Dogecoin-inspired meme cryptocurrency, emerged as one of the best performers across traditional and crypto markets entering the new weekly session as its price climbed by over 30% week-to-date. SHIB’s price reached $0.00005155 Tuesday after bouncing from its technical support near $0.00003560 at the beginning of this week. Its rebound signaled a shift in trend, especially after the last week’s broader market selloff, induced by concerns related to the new Covid19 strain, dubbed Omicron. Bullish catalysts for Shiba Inu price At the core of Shiba Inu’s upside…