Day: November 4, 2022

Digital Asset Exchange Crypto.com Rolls Out Support for Under-the-Radar DeFi Altcoin

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Singapore-based digital asset exchange Crypto.com is adding support for another low-cap decentralized finance (DeFi) altcoin. The exchange’s customers can now trade the native token of Ribbon Finance (RBN), a suite of DeFi protocols that aims to help users access crypto-structured products. RBN is trading at $0.34 at time of writing. The 179th-ranked crypto asset by market cap is down more than 3.5% in the past 24 hours and more than 9% in the past seven days. It’s also more than 93% down from its all-time high of $5.54, which it…

Uzbekistan Unblocks Popular Russian Crypto Exchange Aggregator – Exchanges Bitcoin News

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The government body overseeing the crypto market in Uzbekistan has restored access to Bestchange.ru, a well-known exchange aggregator in the region. The move comes after earlier this year the regulator blocked a number of coin trading platforms, including Binance. Residents of Uzbekistan Can Again Use the Services of Bestchange.ru Uzbekistan’s National Agency of Perspective Projects (NAPP), the authority regulating the crypto space in the Central Asian nation, has removed restrictions imposed on Bestchange.ru, a popular exchange aggregator in Russia and the former Soviet space. The development was announced by the…

EU Delays Vote on MiCA Crypto Legislation Until February

The law’s provisions, which require crypto companies such as wallet providers and exchange platforms to seek authorization from national regulators, start to apply between 12 and 18 months after the final law is published in the EU’s Official Journal – an event originally foreseen for spring of next year, but which now seems set to be pushed back. Source

Latest updates from Cointelegraph’s ground team

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Welcome back to day three of the Web Summit, one of the world’s leading tech conferences, with over 71,000 attendees on the third day. Stationed in Lisbon, Portugal, Cointelegraph’s ground team is ready to bring the most exclusive insights on Web3, crypto and blockchain from the event. The first two days of the summit saw some of the leading Web3 founders share their views on the future of finance, metaverse and gaming. WAX CEO William Quigley told Cointelegraph that traditional firms likely won’t be leading the charge in the next generation…

IRS prepares for an increase in crypto cases in the upcoming tax season

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The United States Internal Revenue Service (IRS) criminal investigation division is ramping up for tax season with its sights set on the crypto community. According to a report from Bloomberg Law, the division chief Jim Lee said they are preparing “hundreds” of crypto-involved cases, many of which will soon be available to the public. Lee said in the last three years, there has been a major shift in digital asset investigations conducted by the IRS. Previously these investigations were mostly money-laundering related, whereas now tax-related cases make up nearly half.…

Watch: New coins enter the cryptocurrency market

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The cryptocurrency scene is growing as new coins are entering the market. Business Day TV discussed the reasoning behind Luno adding the Cardano coin and Solana coin to its system with the group’s South Africa country manager, Christo de Wit. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Bitcoin bulls face $21K sellers as BTC price wipes out Fed FOMC losses

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Bitcoin (BTC) headed toward $21,000 on Nov. 4 as bulls attempted to reclaim lost ground. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it rose overnight to put in new daily highs of $20,683 on Bitstamp. $21,000 sell wall proves ugly While so far a lower high on hourly timeframes compared to the Nov. 1 and 2 spikes, the move served to make up for losses, which came on the back of the Federal Reserve interest rate hike decision. Potential for…

Mapping out SevenX Ventures Investment Portfolio – Sponsored Bitcoin News

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sponsored SevenX Ventures, a crypto investment fund focused on early-stage blockchain projects in Asia, has built over 80 public investment portfolios. The three co-founders, industry veterans, have built portfolios in DeFi, NFT, GameFi, and beyond. Since its launch in 2020, SevenX Ventures has advocated for immersive investing – going beyond financial support to assist funded projects in financial planning, tokenomic design, and marketing. The team helps startups create a stronger foundation that will hold during periods of growth and market changes. By mapping out parts of its portfolio below, Seven…

Immunefi launches scoring system for Web3’s elite white hats

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Bug bounty platform Immunefi has released its Whitehat Leaderboard — a scoring system that showcases the top 20 most elite white hats in Web3. The rank will measure a given white hat’s skills and status amid Immunefi’s security community, said the company at the Web Summit on Nov 4.  A white hat hacker is someone who identifies security vulnerabilities by testing an organization’s information technology security. In Immunefi’s community, the top 10 white hats alone have generated over $42 million in total earnings by disclosing critical vulnerabilities that have led…