Day: December 28, 2021

Bank of Russia to Collect Data on Crypto-Related Transactions Between Individuals – Finance Bitcoin News

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The Central Bank of Russia (CBR) plans to obtain information from commercial banks pertaining to some money transfers between private individuals, including clients trading cryptocurrency. The measure is likely to affect online crypto exchangers which the regulator accuses of conducting illegal operations. Central Bank to Check Transactions Between Russians Exchanging Crypto As part of efforts to clamp down on certain transactions it considers illegal, the Bank of Russia is going to seek additional data from financial institutions processing transfers between individuals. The move concerns a number of platforms using accounts…

How Crypto’s Regulatory Scene Might Evolve in 2022

Simultaneously, as the bill will only be a point of departure for India, our focus would also be on the following – discovering how India’s taxman claims seigniorage, the regulatory framework the advertisement council adopts, gauging the size of India’s dark web activity, and highlighting how India finds the balance between allowing for responsible advertising while also focusing on crypto literacy. Source

Travis Kling on Why Elon’s BTC Buy Was the Biggest Story of the Year

This episode is sponsored by NYDIG. Download this episode On this episode of “The Breakdown’s” “End of Year Extravaganza”, NLW is joined by Travis Kling. Travis is the co-founder and chief investment officer of Ikigai Asset Management, and discusses the shift in institutional involvement in the crypto space. Find our guest on Twitter: @Travis_Kling See also: Travis Kling: In the Fed Era, There’s No Such Thing as Market Fundamentals “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill…

Sequoia China leads $25M equity round for DeFi wallet DeBank

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DeBank, a cryptocurrency wallet focused on decentralized finance (DeFi) solutions, has closed new funding led by major venture capital firm Sequoia China. The firm announced Tuesday on Twitter that it raised $25 million, bringing DeBank’s total valuation to $200 million. Apart from Sequoia China, the funding round featured major crypto investment firms like Dragonfly, Hash Global and Youbi. The raise also included strategic funding from Coinbase Ventures, Crypto.com exchange, stablecoin provider Circle and hardware wallet maker Ledger. DeBank is a cryptocurrency wallet designed to track DeFi data, including decentralized applications…

5 Ways Bitcoin’s Lightning Network Advanced in 2021

But even anchor inputs don’t solve the whole problem of closing fees. When a Lightning Network’s closing transaction fee gets bumped up, there’s a possible security issue. By way of a fee-bumping technique known as “Child Pays For Parent” (CPFP), a so-called “child” transaction pays too little for a fee, and so a “parent” transaction spends the same coins as the child it’s referring to, bumping up the fee. There’s a possible issue where, even if users try to bump up the fee, nodes might ignore the transaction if the…

The biggest NFT trends of 2021

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According to a recent report by Cointelegraph Research, the volume of nonfungible tokens (NFTs) sold this year could eclipse $18 billion. From artwork, music and in-game characters to videos and photographs, these minted certificates of ownership for digital assets on blockchains are well sought after by collectors, investors and philanthropists alike. They can also be freely traded across decentralized NFT platforms such as OpenSea. Without further ado, let’s look at the biggest trends developing in the NFTs space. 1. Celebrity and contemporary NFTs Of course, at the number one place this…

Fine Art to Be Recreated Thanks to Inheritance Art – Press release Bitcoin News

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press release PRESS RELEASE. NFTs have exploded in terms of popularity and usage in 2021, and for good reason. Artists and content creators alike have been able to profit immensely from NFTs, and many traders have also been able to benefit from buying, selling and trading these non-fungible tokens. However, one project in particular is looking to change the way we look at NFTs, and that is Vincent Peter’s ‘Inheritance Art’, provided by Inheritance AI. What is the issue with the current generation of NFTs? NFTs are one-of-a-kind digital assets…

‘Ready Player Me’ Raises $13M to Make It Happen

“Building a good avatar system takes six months, 12 months of time,” Ready Player Me CEO Timmu Tõke told CoinDesk in an interview. “So we take that pain away from developers by doing the work for them. We want to unify the outer layers of virtual worlds to make for a smoother user experience.” Source

Deriving High Yields From Decentralized Derivative Markets

CryptoX – Cryptocurrency Analysis and News Portal When compared to other decentralized derivative systems such as Perpetual Protocol and DYDX, Qilin stands out for its innovations, while staying true to the ethos of decentralization. Its liquidity design is peer-to-pool, rather than a virtual automated market maker (vAMM) or even a centralized order book, while the liquidity providers are token holders not approved market makers. Its perpetual offering is settled in both stablecoins and tokens, rather than only being stablecoin settled. This means that its market scalability is theoretically infinite, as…