Day: April 19, 2022

Cointelegraph’s experts reveal their crypto portfolios

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On this week’s show, Cointelegraph’s resident experts reveal exactly what percentages of their portfolios are allocated to what coins and why. But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down. Next up: the main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth and Sam Bourgi as they reveal their crypto portfolios. We kick things off with Bourgi, whose top holdings…

Half of assessed jurisdictions don’t have ‘adequate laws and regulatory structures’ — FATF

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The Financial Action Task Force, or FATF, reported that many countries, including those with virtual asset service providers (VASPs), are not in compliance with its standards on Combating the Financing of Terrorism (CFT) and Anti-Money Laundering (AML). In a report released Tuesday on the “State of Effectiveness and Compliance with the FATF Standards,” the organization said 52% of the assessed jurisdictions in 120 countries had “adequate laws and regulatory structures in place” to assess risks and verify beneficial owners of companies. In addition, the FATF reported that only 9% of…

Fed’s Bullard Wants to Raise Bank Rate to 3.5% by Year’s End, Hints at 75 Basis Point Rate Hike – Bitcoin News

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The 12th president of the Federal Reserve Bank of St. Louis, James Bullard, thinks the U.S. central bank can increase the benchmark bank interest rate by 75 basis points this year. Bullard believes the Fed could raise rates to 3.5% by the fourth quarter of 2022 to combat the red hot inflation plaguing the U.S economy. James Bullard Says ‘Inflation Is Far Too High,’ St. Louis Fed Chief Hopes to See Large Interest Rate Increases Going Forward On March 16, Bitcoin.com News reported on the Federal Reserve raising the benchmark…

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NFTs Let Me Quit My Job

Of course, having a Middle Eastern mother, she was very much like, [putting on her mother’s accent] ‘Sara, you better not quit your job, you don’t know how long this lasts.’ After enough months of working PRN and her recognizing that Women and Weapons really needed me full-time, she goes, [accent again] ‘Sara, I think you need to quit your job and maybe do Women and Weapons full-time.’ Wow, OK. Finally I get the green light from my mother. Source

Framework Ventures Launches $400M Fund to Back Web 3 Gaming, DeFi

“Founders understand our cultural influence in the space because our affiliate, Framework Labs, has spent the last three years building alongside them, running nodes, participating in on-chain governance, building tools, staking and more,” said Spencer in the press release. “We believe we’re well-positioned to outperform our competitors, including the Sand Hill set that is only now coming into crypto and Web 3.” Source

RUNE Rises by Over 20% Today, as NEAR Climbs to Resistance – Market Updates Bitcoin News

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NEAR rose to its highest level since last Thursday, as prices rebounded from recent lows. SAND and RUNE also climbed from long-term support levels on Tuesday, with RUNE rising by over 20% in today’s session. THORChain (RUNE) RUNE was easily one of the biggest gainers during today’s trading session, as it separated itself from AXS, cementing itself as the world’s 43rd-largest cryptocurrency. Following a low of $7.50 during yesterday’s session, Tuesday’s session saw RUNE/USD rise to an intraday high of $9.05 earlier today. This move sees RUNE climb to its…

BlockApps Raises $41M to Bring More Real Assets to Its Blockchain

“[BlockApps is] solving some of the world’s biggest challenges and causing industries to rethink what’s possible with blockchain technology – especially when it comes to navigating the complexities of today’s sustainability challenges and supply chain issues,” Murtaza Akbar, founding partner at Liberty City Ventures, said in the press release. Source link

Robinhood acquires British crypto firm Ziglu to push expansion plans

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Robinhood, a major cryptocurrency-friendly stock trading app, is pushing global expansion by acquiring the United Kingdom-based crypto asset firm Ziglu. Robinhood officially announced Tuesday that it signed a deal to acquire Ziglu, subject to regulatory approvals and other closing conditions. The firm declined to disclose the size of the deal to Cointelegraph. “Subject to regulatory approval, in the near term, nothing will change for current Ziglu customers. Longer term, we’ll integrate Ziglu more fully into Robinhood, bring the Robinhood brand overseas, and work to expand operations beyond the U.K. into…

Pantera Joins $3.7M Round for Solana Lending Protocol Hedge

“Currently, there is a huge opportunity in the Solana ecosystem because 80% of Solana is not locked in DeFi,” Hedge co-founder and CEO Sebastian Grubb said in a statement. “With Hedge we’re really trying to upgrade the whole Solana DeFi ecosystem. We want to help users unlock more liquidity and better leverage their assets without having to exit their positions.” Source