Cryptocurrency ATMs have closed down in Singapore following the guidelines issued by the central bank, the Monetary Authority of Singapore (MAS). โTo comply with the sudden announcement, we have ceased to offer buy or sell services via our five ATMs while seeking further clarification from the MAS,โ said one crypto ATM operator. Crypto ATMs Shut Down in Singapore to Comply With the Central Bankโs Guidelines Cryptocurrency ATMs are closing down in Singapore to comply with new regulations published Monday by the central bank, the Monetary Authority of Singapore (MAS). Singaporeโs…
Month: January 2022
Crypto IRA Platform iTrustCapital Raises $125M at $1.3B Valuation
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Maren Altman is a star โ Cointelegraph Magazine
Are future prices written in the stars? Meet Maren Altman, presciently named for cryptocurrency, who combines astrology and day trading crypto into a winning blend. In 1973, Princeton University professor Burton Malkiel published his book A Random Walk Down Wall Street, in which he famously states that a โblindfolded monkey throwing darts at a newspaperโs financial pages could select a portfolio that would do just as well as one carefully selected by experts.โ Fast forward to 2013, and Rob Arnott, CEO of Research Affiliates, conducted research mimicking monkeys using AI…
How GAIMIN Is Supporting Metaverse and Web 3.0 Ecosystems โ Sponsored Bitcoin News
sponsored Facebook changes its name to Meta and the world suddenly becomes interested in the metaverse however the term has been around for some time, and is closely associated with Web 3.0. So what is Web 3.0, the Metaverse and how is GAIMIN involved? Web 3.0 Web 3.0 is the term used to describe the next paradigm shift in the Internet. In Web 1.0, Internet browsers connected everyone online โ Netscape for example. Web 2.0 is where we were connected into online communities โ Facebook. Web 3.0 is perceived to…
Cosmos Exchange Osmosis Expands to Ethereum Assets With Gravity Bridge
Per Aggarwal, the Althea team has been working on the Gravity Bridge for a number of years, and boasts a sophisticated slashing system for validators that underperform. Additionally, Osmosis is an app-specific chain, meaning that Osmosis Labs could take drastic steps to improve user experience, including allowing for Metamask signatures, which usually isnโt compatible with Cosmos. Source
DIA is the First Oracle to Integrate with Astar Network
DIA is the first oracle provider to integrate its oracle infrastructure with the Astar Network, running on the Polkadot Relaychain. The oracle deployment will facilitate DeFi applications on Astar to easily connect to the outside world data. The open-source data provider DIA announced today the integration of its decentralized oracle infrastructure with the Astar Network, running on the Polkadot Relaychain. This oracle deployment will facilitate DeFi applications on Astar to easily connect to the outside world data via DIAโs trusted oracles. Astar Network, previously known as Plasm, is a dApp…
Will Optimistic Rollup be the Best Solution for Ethereum Scaling?
On Dec. 27, 2021, Metis Andromeda, a Layer 2 network based on a fork of Optimism, clocked a 7-day 142% TVL increase, surpassing $180 million. ย ย Footprint Analytics:Metis TVL ย One of the most fascinating parts of the story is that the head of the decentralized autonomous corporation (DAC) behind Metis is Vitalik Buterinโs mother, Natalia Ameline. Going beyond this interesting fact, however, could Optimistic Rollup be the best solution for Ethereum scaling? ย The State of Layer 2 Looking back to 2021, the Ethereum network has more than 2000…
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Bitcoin ATMs Shut Down In Singapore After MAS Curbs Crypto Advertising
Financial service regulator โ Monetary Authority of Singapore has issued fresh guidelines to limit crypto trading by the public. It has also taken a firm stance and asked cryptocurrency companies to eschew advertising or showcasing their products to the general public. MAS substantiated their decision by stating reasons which were purely risk-oriented. The guideline stated and clarified that Digital Payment Token service providers โshould not portray the trading of DPTs cryptocurrencies in a manner that trivializes the high risks of trading in DPTs, and should not promote their DPT services…
Iran Plans to Introduce National Cryptocurrency Soon
According to a recent report published by Tehran Times, Iran is planning to roll out the pilot phase of its national cryptocurrency in the near future. Mehran Moharamian, Vice Governor for IT affairs at the Central Bank of Iran (CBI), highlighted the potential benefits of cryptocurrency assets in the countryโs financial sector. According to Moharamian, digital currencies serve as a solution for inconsistencies in the financial system. CBI has been working on the national cryptocurrency for the last few years. While Iran is in support of the use of digital…