Day: December 26, 2021

6 Questions for Cristina Dolan of InsideChains – Cointelegraph Magazine

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We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!   This week, our 6 Questions go to Cristina Dolan, co-founder and chief operating officer of InsureX Technologies, an alternative insurance marketplace based on blockchain, and CEO of InsideChains, which builds large consortia and marketplaces with economic token layers to facilitate the global exchange of data and transactions. Cristina is an engineer, entrepreneur and author who has successfully embraced advanced technologies…

What You Can Create With a Small Piece of Land in the Metaverse – Metaverse Bitcoin News

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Everybody inside and outside of the metaverse world knows that land ownership is important, and acquiring a plot of land is a very traditional investment. What most people outside of the metaverse world don’t quite understand — or are still not convinced of — is why people want to become landowners in the metaverse, and what such virtual land ownership can actually bring them. What Can a Small Plot of Land Do in the Metaverse? Just to be clear, not all metaverse games have the same popularity level and not…

Binance Troubles Enters Xmas, Exchange Fined 8M Lira over Multiple Infringements

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Binance, the world’s largest cryptocurrency exchange by trading volume, is still dealing with regulatory issues in 2021. According to a Reuters story, the country’s Financial Crimes Investigation Board has fined Binance’s Turkish affiliate, BN Teknologi, an 8 million lira (about $751,314) penalties (MASAK). Binance Turkey Fined Binance Turkey was fined 8 million lira (almost $750,000) by the Financial Crimes Investigation Board (MASAK) after failing the financial watchdog’s audit for monitoring Anti-Money Laundering (AML) compliance. The Financial Crimes Investigation Board (MASAK), Turkey’s financial intelligence branch under the Ministry of Finance and…

Footprint Analytics:A quick look at SocialFi

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The social DAO Friends with Benefits began raising funds in the first half of 2021 and, as of early September, completed a $10 million funding round at a valuation of $100 million. The token FWB soared from $17.69 to $190.69, an increase of 977%. In October, it received another investment from a16z. But Friends with Benefits isn’t the only SocialFi project that gained attention recently. 4: Torum received investment from Kucoin Labs Fund 28: Monaco Beta, a project invested by Three Arrows Capital, went live, with users paying hundreds for…

Creator of App for Remittances to Africa and Asia Raises $65 Million in Series B Round – Crowdfunding Bitcoin News

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Tap Send, the creator of a remittances app of the same name, revealed it has raised $65 million in a Series B funding round. The fintech firm plans to use the funds to build a cheaper and faster cross-border money transfer platform. Remittances to Overlooked Countries The fintech startup behind the remittances app, Tap Send, recently said it has raised $65 million in a Series B funding round. According to the startup, the funds raised will be used to bolster remittances to the most overlooked countries in Africa and Asia.…

Indian police commissioner issues a public warning against crypto frauds

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Goel highlighted the various methods that are actively being used by fraudsters to dupe investors such as lucrative investment opportunities, illegitimate bank transfers and cryptocurrencies. Acknowledging the growth of Indian crypto users, Goel added: “They [fraudsters] ask you to share your cryptocurrency details. And once you put it in your wallet, then the money is taken away.” After simplifying the elaborate fraud in a sentence, Goel also highlighted that sixteen such cases have been registered involving cryptocurrencies. The Additional Commissioner of Police Shikha Goel warned Indian citizens about the rise…

Bitcoin slips under $50K amid warning ‘new player’ Binance whale is pressuring BTC price

Bitcoin (BTC) lost $50,000 for the first time in several days on Dec. 26 as exchange inflows caught up with the cautiously optimistic mood. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “New player” beefs up $50,000 sell wall Data from Cointelegraph Markets Pro and TradingView showed volatility hitting BTC/USD overnight on Saturday. The pair had reached $51,500 before starting to retrace, this culminating in a dip to $49,644. At the time of writing, Bitcoin was back circling $50,000. The move came in tandem with a rise in inflows to major exchange…

UST Gets Listed on Binance and Huobi, Propelling Terra to $100 – Bitcoin News

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UST, the main stablecoin of the Terra project, is being integrated into Binance and Huobi, two leading exchanges by trading volume, expanding the options that users have to trade the stablecoin. After these announcements, The price of LUNA, the governance asset of the Terra project, broke its previous all-time high, going over $100 for the first time in its history. UST Gets Attention From Huobi and Binance UST, the most used stablecoin from the Terra project, has reached a milestone now that two leading exchanges by volume traded…

Top crypto winners and losers of 2021

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The year 2021 has undoubtedly been a bull market with Bitcoin (BTC) raising the all-time high price bar several times this year. But not all crypto assets have performed equally. There have been a number of losers in addition to the majority of winners in terms of price gains. Since the beginning of 2021, total crypto market capitalization has gained 190% from just under $800 million to over $2.3 trillion today. It hit an all-time high of just over $3 trillion in early November. Top 3 crypto gainers in 2021…

Serbia Reviews License Applications From 3 Cryptocurrency Exchanges – Regulation Bitcoin News

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Three crypto exchanges have applied for licensing in Serbia, which recently adopted legislation regulating its digital asset space. The government in Belgrade expects the companies to obtain authorization within weeks and offer Serbs the option to buy and sell cryptocurrencies legally. Crypto Trading Platforms and Token Issuers File for Licenses in Serbia Authorities in Serbia are currently reviewing license applications submitted by three crypto exchange offices, the country’s Minister of Finance Sinisa Mali announced this week in the parliament, local media reported. Quoted by the Tanjug news agency, the official…