Day: December 18, 2021

Russian Central Bank May Prohibit Bitcoin & Cryptocurrency Investment

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The central bank of Russia is looking to ban bitcoin and cryptocurrency investment due to concerns that it would upset the country’s financial stability. The central bank is now in talks with market players and experts about a possible ban. If approved by lawmakers, it could apply to new purchases of crypto assets but not to those bought in the past, said one of the financial market sources, who requested anonymity due to the sensitivity of the matter. It is reported that the central bank is completely rejecting all cryptocurrencies…

Kraken Ventures Raises $65 Million to Invest in Web3, Defi, Blockchain Startups and Protocols – News Bitcoin News

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The independent investment fund led by Kraken alumni that’s focused on early-stage companies and protocols, Kraken Ventures, announced the successful closing of its first fund at $65 million. Presently, the fund holds positions in platforms like Hashflow, Pstake, Acala, Blockdaemon, Anchorage, and Messari. Kraken Ventures Reveals $65 Million Fund I LP There’s been an enormous amount of money directed toward funds that provide liquidity to early-stage crypto companies and blockchain protocols. Software startups have a plethora of funds to choose from if they develop concepts involving game finance (gamefi), play-to-earn…

Vodafone auctions world’s first SMS ‘Merry Christmas’ as NFT for charity

British telco giant Vodafone has reportedly plans to auction the world’s first Short Message Service (SMS) in the form of a nonfungible token (NFT) on Dec. 21. The SMS, that reads “Merry Christmas”, was sent 29 years ago over the Vodafone network on Dec 3, 1992, and was received by Richard Jarvis, an employee at the time.  The historic 15 character-long SMS will be auctioned off as an NFT in a one-off sale conducted by the Aguttes Auction House in France, according to Romanian news outlet Ziarul Financiar. By auctioning…

Vodafone auctions world’s first SMS “Merry Christmas” as NFT for charity

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British telco giant Vodafone has reportedly plans to auction the world’s first Short Message Service (SMS) in the form of a nonfungible token (NFT) on Dec. 21. The SMS, that reads “Merry Christmas”, was sent 29 years ago over the Vodafone network on Dec 3, 1992, and was received by Richard Jarvis, an employee at the time.  The historic 15 character-long SMS will be auctioned off as an NFT in a one-off sale conducted by the Aguttes Auction House in France, according to Romanian news outlet Ziarul Financiar. By auctioning…

African Startup Raises $6 Million From Pre-Series A Funding Round – Emerging Markets Bitcoin News

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Africa Blockchain Lab recently said it has raised $6 million from a pre-Series A investment round and will use the capital to fund the launch of a crypto wallet. Driving Adoption of Cryptocurrencies An African crypto startup, Africa Blockchain Lab, recently confirmed it has received $6 million from a pre-Series A investment round. The round was led by a consortium of global as well as African venture capital firms like Lateral Frontiers VC, CRE Venture Capital, and Musha Ventures. Global investors that took part in this round include Dragonfly Capital,…

To Ban Or Not To Ban? Russia Concerned About Growing Crypto Transanctions

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The Russian central bank wants to ban investments in cryptocurrencies in Russia, citing the growing number of crypto transactions as a threat to financial stability. Russia Mulls Over Crypto Ban Russia’s central bank is attempting to outlaw cryptocurrency investments, escalating the country’s long-standing distrust of Bitcoin and other digital assets. Future transactions would be prohibited, but present holders would not be forced to sell their holdings. Cryptocurrencies, according to Russian authorities, can be used for money laundering and terrorism financing. According to Reuters, the bank’s current stance on cryptocurrency is…

Defi Promise Is Real but Bitcoin May Not Last Much Longer – Featured Bitcoin News

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A Cornell University economics professor says that the promise of decentralized finance (defi) using blockchain technology is real but bitcoin may not last that much longer. Nonetheless, he admitted bitcoin “has really set off a revolution that ultimately might benefit all of us either directly or indirectly.” Economics Professor Doubts Future of Bitcoin, Praises Defi Eswar Prasad, professor of economics at Cornell University, talked about bitcoin, cryptocurrencies, blockchain technology, decentralized finance (defi), and central bank digital currencies in a recent interview with CNBC, published Friday. Prasad, the author of “The…

Is MicroStrategy Considering Lending Their Bitcoin To Generate Yield? WHY?

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Say it isn’t so! Apparently, MicroStrategy ‘s Michael Saylor is considering lending the company’s Bitcoin. On a corporate level, that makes all the sense in the world. As a Bitcoiner, it doesn’t. So, if MicroStrategy decides to do it, the world will know where Saylor’s loyalties lie. And, this should surprise no one. Saylor has been dropping hints that he intends to do this for a while now.  Related Reading | Michael Saylor Says Bitcoin Is The Oxygen Mask That Will Save Investors This all happened, “Thursday on the company’s…

Sportswear Giant Adidas Swooshes In On NFTs, Launches Collection

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Adidas has entered the NFT league. On Friday, the sportswear firm will debut a new line of NFTs called Into the Metaverse, which will grant consumers access to a virtual fan club. NFT owners will be able to purchase limited-edition apparel, and Adidas claims that members will help define the products and experiences that the business creates for its NFT community. Adidas Leads NFT Adoption Adidas has unveiled Originals: Into the Metaverse, a non-fungible token (NFT) collection created in collaboration with non-fungible token (NFT) collections Bored Ape Yacht Club, PUNKS…

South Africa’s Digital Bank Tyme Completes Series B Round With Additional $70M Capital Raise – Fintech Bitcoin News

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Tymebank, a South Africa-based digital bank, recently completed its Series B funding round with $70 million invested in the firm by Tencent and U.K. development financier, CDC Group. Funds to Support Tyme’s Expansion Into New Markets Tymebank, a digital bank from South Africa, recently raised an additional $70 million from its latest funding round, led by Tencent and the U.K.-based development finance group, the CDC Group. This latest capital raise brings the value of funds Tymebank has acquired via the Series B to $180 million. Prior to this latest investment,…