Day: January 27, 2022

Crypto industry seems willing to adopt FATF travel rule: Survey

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The cryptocurrency industry is eager to comply with the Financial Action Task Force’s (FATF) so-called Travel Rule, and appears willing to work with regulators in order to expedite the process, a new survey found. As per a survey conducted by Notabene, a crypto compliance firm based in New York, most of the crypto industry will be Travel Rule-compliant by Q2 2022. Currently, the report claims that about 70% of respondents are either practicing the rule or planning to complete their compliance in Q1/Q2 2022. The advent of cryptocurrencies has presented…

Amazon Marketplace Owners Can Now Be Bought Out in Crypto

Amazon Marketplace owners who sell their business to Elevate Brands will now have the option of being paid in crypto. Elevate Brands, which holds a portfolio of Amazon-focused consumer products companies, is teaming up with Coinbase Prime to offer the option. “We’ve learned that [Fulfillment by Amazon] sellers are already well entrenched in crypto, so we are thrilled to be the first company in the Amazon ecosystem to offer the option of Cash or Coin,” Ryan Gnesin, CEO of Elevate Brands said in a press release. Elevate has raised over…

Crypto Exchange Gemini Affiliate Gains FINRA Broker-Dealer License

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Gemini Galactic Markets, an affiliate of the crypto exchange, Gemini, is now a member of the Financial Industry Regulatory Authority (FINRA) and has received approval to operate as an SEC-registered broker-dealer. Announced on Wednesday, this approval will allow the company to legally operate an alternative trading system (ATS) and facilitate the trading of digital asset securities. Crypto trading has taken over in recent years and is now receiving demand from institutions too. However, the digital asset securities space is still in the early stages. Only a very few regulated companies…

What Advisors Should Know About NFT Investing

“Some of these projects that have been failures are actually really good,” he said. “The community, through the failure, is having to figure out how to build something from this really cool NFT and say, ‘Let’s make it work.’ Those are the NFT projects that I think have significant potential to grow because it’s the community saying we’re going to do something about it. At the end of the day, with NFTs and really crypto in general, it’s all about the community. If the community is strong, the project is…

Where Should Advisors Go for Crypto Education?

“We view [crypto] as more of an ecosystem than an asset class,” said Larsen. “It relates to a client’s employment, their social and leisure time, the generational wealth transfer, tax planning – all areas of their finances, so it’s important that we make sure that advisors understand it. With the CDAA, people are really into this – for the first time in their careers, many advisors feel like they are connected to the industry and have a say in what’s happening.” Source

Co-founder of defunct exchange QuadrigaCX allegedly runs Wonderland

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In a series of twitter posts published Jan. 27, decentralized finance (DeFi) investigator zachxbt seemingly unveiled the true identity of previously anonymous QuadrigaCX co-founder Michael Patryn, doxxing him to be that of @0xSifu, the founder of DeFi protocol Wonderland. 1/ This needs to be shared @0xSifu is the Co-founder of QuadrigaCX, Michael Patryn. If you are unfamiliar that is the Canadian exchange that collapsed in 2019 after the founder Gerald Cotten disappeared with $169m I have confirmed this with Daniele over messages. pic.twitter.com/qSfWNnQPhr — zachxbt.eth (@zachxbt) January 27, 2022 Following…

Fintech Firm Milo To Provide Cryptocurrency Mortgage Services

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More innovations keep springing up to fascinate and intrigue digital investors with increased cryptocurrency adoption. In line with that, Milo, a fintech startup based in Miami, introduced the first global crypto mortgage. Through the bank’s offer, digital investors have the opportunity of buying real estate in the U.S. by using their cryptocurrencies. Crypto market stands at $1.6 trillion | Source: Crypto Total Market Cap on TradingView.com The offer from Milo, a digital bank, runs as 30-year mortgage loans. These are currently accessible to customers that could place collaterals with Bitcoin.…

BitCoin Mining mit Balkon PV Anlage und Gaming PC – Lohnt sich das? – So viel habe ich verdient!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Heute teste ich ob sich das Bitcoin Mining mit meinem PC lohnt. Um die Stromkosten zu reduzieren versorge ich die ganze Anlage mit einer PV Anlage. Wie sich das auf die Rendite der Mining Rig Station auswirkt rechne ich euch in meiner Kalkulation vor ROI. Viel Spaß #Selbstversuch #ET5M #Mining ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Warner Music Group to Launch ‘Concert Theme Park’ in Sandbox Metaverse

“We are deeply focused on Web 3 right now and the impact it will have on music. It’s incredibly difficult to put value against fandom right now,” Oana Ruxandra, EVP of business development at WMG, told CoinDesk in an interview. “The music industry had big decades in the ’80s and ’90s, and then Napster came around and there was a pullback. Then the same thing happened when Spotify came in. We want to be driving opportunity, not behind the eightball.” Source

Matter Labs, BitDAO Back $200M DAO for zkSync

Matter Labs, the organization behind Ethereum layer 2 scaling protocol zkSync, has announced a $200 million decentralized autonomous organization (DAO) backed by BitDAO, a DAO-directed treasury with a balance of more than $2.6 billion. The new zkDAO will use the capital to help expand the zkSync ecosystem through public goods and infrastructure, security frameworks, research and development grants, and investments in other crypto organizations. A zero-knowledge rollup launched in 2019, zkSync works to ease the congestion and high fees caused by scalability issues on the main Ethereum blockchain. “This proposal…