Day: January 18, 2022

Bitcoin miners’ resilience to geopolitics — A healthy sign for the network

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Considering that Bitcoin (BTC) is a blockchain network that uses a proof-of-work (PoW) consensus mechanism, miners are a highly significant part of the market dynamics of the network and the community itself. On Jan. 5, it was revealed that Kazakhstan shut down its internet services due to unprecedented political unrest sparked by rising fuel prices in the country. The protests in Kazakhstan began on Jan. 2 in the town of Zhanaozen to fight against the government doubling the price of liquefied petroleum gas (LPG), which is widely used as car…

Solana-Based DeFi Project Hubble Protocol Raises $10M

Decentralized finance (DeFi) project Hubble Protocol has raised $10 million in funding ahead of its mainnet launch later this month. Hubble will use the capital to expand its team and DeFi project offerings. Investors in the funding round included Three Arrows, DeFiance Capital, Delphi Digital, Digital Currency Group (the parent company of CoinDesk), Crypto.com Capital, ParaFi, Jump Capital, Decentral Park Capital, CMS, Spartan, DeFi Alliance and Mechanism Capital. “We are thrilled to back the Hubble team as they build core DeFi primitives for the Solana ecosystem, from a decentralized stablecoin…

Solana-based DeFi protocol Hubble raises $10M, prepares for mainnet launch

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The Solana (SOL) network is ready to see the mainnet launch for another decentralized finance (DeFi) protocol, aimed at Web3 development and backed by bigshots from the crypto industry. Hubble Protocol, a project aiming to develop a censorship-resistant crypto-backed stablecoin among other DeFi services, has raised $10 million from Three Arrows / DeFiance Capital, Delphi Digital, Digital Currency Group (DCG), Crypto.com Capital, ParaFi, Jump Capital, Decentral Park Capital, CMS, Spartan, DeFi Alliance and Mechanism Capital. Hubble plans to expand its team and DeFi products with fresh funds, starting with its…

Solana NFT Layer Metaplex Raises $46M

“We believe the metaverse will be open, censorship-resistant and globally accessible,” Sergey Vasylchuk, director of the Metaplex Foundation, said in a press release. “In this metaverse, Metaplex will serve as a common protocol and NFT standard to empower the next wave of decentralized commerce, social and gaming experiences.” Source

New Spanish Regulations to Target Crypto Investment Ads – Regulation Bitcoin News

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As part of regulations that are set to become effective in mid-February, crypto-asset investment promoters will be required to inform the Spanish securities watchdog of the contents of any ad that targets over 100,000 people. 10-Day Advance Notice Rule The Spanish government has tasked the country’s securities watchdog with authorizing advertisements that promote cryptocurrencies, a report has said. Also, as part of the new measures, crypto-asset investment promoters will be required to notify the Comisión Nacional del Mercado de Valores (CNMV) of any promotional campaign that targets more than 100,000…

FCF Pay Partners With 500+ E-Commerce and in-Store Merchants – Sponsored Bitcoin News

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sponsored French Connection Finance (FCF) is a dividend generating cryptocurrency that runs on the Binance Smart Chain (BSC) network. FCF is building an ecosystem that benefits investors whilst developing products that have strong real-world value. This story will cover four exciting aspects of FCF’s project: 1) The innovative and rewarding ecosystem 2) FCF Pay – a premier crypto and fiat payment gateway 3) New partnership (500+ e-commerce and brick & mortar stores) 4) Upcoming exchange listings The Rewarding Ecosystem Get paid to do nothing. Okay, not nothing – but almost…

NCFTA onboards crypto exchange Binance to fight against cybercrime

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The National Cyber-Forensics and Training Alliance (NCFTA), an American non-profit, onboarded its first crypto firm Binance to aid their ongoing battle against cybercrimes.  Founded in 2002, the NCFTA partners with law enforcement and various business and academic entities to source threat intelligence to identify and mitigate cybercrime threats. By partnering with Binance, the world’s biggest crypto exchange in terms of trading volume, the NCFTA aims to tackle international cybersecurity investigations. According to Binance’s VP of Global Intelligence and Investigations, Tigran Gambaryan, the exchange aims to be the leading contributor in…

Mercedes partners with NFT artists to celebrate G-Class series

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Mercedes-Benz project picked five artists from the NFT industry to interpret the G-Class in their own style. Mercedes has teamed up with Art2People to create an exclusive Mercedes-Benz NFT collection based on its G-Class vehicle line, according to a tweet by the luxury automobile manufacturer. Five artists were commissioned to create various G-Class-inspired works in a range of media, resulting in unique designs for each artwork. What happens when five #NFT artists take on the challenge of reinterpreting the iconic #GClass? The NF-G Challenge by @art2people_xyz@antonitudisco @baugasm @klarens_malluta @StudioCTaylor X…

BitMEX execs reveal EU expansion with German bank acquisition

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Founded by BitMEX Group CEO Alexander Höptner and CFO Stephan Lutz, BXM Operations AG announced today its plans to acquire Bankhaus von der Heydt, one of the oldest banks in Europe, to create a regulated crypto one-stop-shop in Germany, Austria and Switzerland. Dietrich von Boetticher, the owner of the German bank, and BXM have already signed a purchase agreement. However, it still requires the approval of BaFin, the German financial services regulatory authority. The purchase is expected to be complete by mid-2022. According to the announcement, the company’s objective is to expand its…

Silvergate Bank's Quarterly Net Income Dips 9% to $21.4M

Crypto-focussed Silvergate Bank’s Q4 net income dipped nearly 9% to $21.4 million from $23.5 million in Q3. The bank’s digital currency customers grew to 1,381 at the end of December from 1,305 at the end of September, according to an announcement on Tuesday. Average digital currency customer deposits also increased to $13.3 billion from $11.2 billion. Meanwhile, the bank’s on-ramp for bitcoin markets known as the Silvergate Exchange Network (SEN) processed transfers worth $219.2 billion, compared to $162 billion last quarter. Shares of the bank’s parent company, Silvergate Capital Corporation,…