ALTCOIN NEWS

MBOX (MOBOX) price rises, backed by Binance

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The MBOX (MOBOX) project, which has been operating an NFT-based gaming platform on the Binance network for a long time, has been the rising star of this week. MBOX (MOBOX) has now launched an NFT campaign.

What is MBOX (MOBOX) : NFT-based gaming platform on the Binance network. It entered the Bianance stock market in recent months. MBOX (MOBOX), which is also supported by Binance, normally offered services on its own domain, but this support was later integrated into the Binance application.

In addition, Binance has launched an Airdrop that will conclude next week and will distribute 5000 NFT characters to those who open a MBOX account. But due to the intensity, there is difficulty in accessing the MBOX campaign in the Binance application.

MBOX’s previous price was around $4. It started to rise with Binance support and campaign. It was 8$ as a province, then it increased to 15$. Currently, its price is around $10.2 The current market cap has grown to $1.2 billion, and 24-hour volume has also surpassed $3 billion.

POLITICS

Indian Finance Minister made a statement on Cryptocurrencies

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Indian Finance Minister Nirmala Sitharaman said in a statement on cryptocurrencies that “The government of India is watching crypto ads closely but is currently not weighing the ban on crypto ads, and the crypto bill that should be submitted during the government’s current parliamentary session is based on input from the 2019 bill and other recommendations.”

The Indian government continues to work on cryptocurrencies. Finance Minister Sitharaman tried to clear some of the confusion surrounding cryptos in India during the parliamentary question-and-answer session. But she didn’t say anything specific about whether they would be banned or regulated. She said the crypto bill is coming to parliament very soon, she said.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

Coinbase acquires Unbound Security company

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Coinbase cryptocurrency exchange is preparing to acquire Israel-based crypto custody infrastructure company Unbound Security.

Coinbase said in a statement: “As this technology eliminates the need for offline storage, NFTs are critical to enabling DeFi and other Web3 applications.” Coinbase plans to integrate MPC technology into its retail and corporate products over time.

Brief about Unbound Security: Unbound Security has raised at least $40 million in external financing to date and has over 70 employees.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

Cardano ADA active addresses increased by 200 percent

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The number of active addresses on the Cardano (ADA) network increased by 200% in November 2021. The number of correct active addresses this month was 485,000. The number of ADA active addresses has reached its peak. At the beginning of November, there were around 161,000 active addresses.

Cardano network token ADA successfully rolled out the Alonzo update this year. The price had increased significantly before the Alonzo update arrived, but the expected performance unfortunately did not. Despite the decrease in ADA price, the increase in the number of active addresses shows the confidence in ADA.

Although the ADA price has dropped, Cardano’s future looks pretty bright. Developments regarding DeFi in Cardano continue unabated. Ardadex is the first DEX and NFT marketplace in Cardano, and a new stablecoin is released on the COTI network. The new loan protocol ADALend is expected to be an important part of the ecosystem.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

Binance will burn tokens with Bruno upgrade

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Binance will release the Bruno update and burn tokens with every transaction. Binance Smart Chain (BSC) Bruno v1.1.5 upgrade goes live today. The update also improves full node syncing, which Binance said was a challenge on Nov 17. On November 17, 2021, the network’s daily active addresses exceeded 2 million, with the number of transactions processed reaching an all-time high of 14 million within 24 hours.

As Binance states on its official website: “This hard fork will introduce a real-time write mechanism to BSC’s economic model to introduce a new Binance Coin (BNB) write process, accelerating full node synchronization by more than 60%.”

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

eToro Exchange Announces It Will Delist Cardano (ADA) and Tron (TRX)

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Cryptocurrency exchange eToro has decided to delist the cryptocurrencies Cardano (ADA) and Tron (TRX) due to regulatory issues. However, Cardano founder Charles Hoskinson doesn’t seem very happy with this lack of communication.

Popular Israeli-based trading platform eToro has recently announced that it will delist Cardano (ADA) and Tron (TRX) for users in the United States.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

Cardano ADA Enters Europe’s Largest Exchange Bitstamp

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Bitstamp on Europe’s Largest Exchange announced on twitter that it will start listing Cardano ADA.

Bitstamp announced: “Good news for CardanoCommunity: we are listing ADA. It is finally happening. The 6th largest crypto by market cap, powering CardanoStiftung, is ready to appear on Bitstamp! With a full list of Cardano pairs and launch schedule, read more see.”

Description and detail on the Bitstamp website:

Listing program

  • Transfer only mode: Deposits and withdrawals are open but trading is not yet activated.

Tuesday, November 23

  • Post-only mode: You can place and cancel limit orders, but they will not be matched. Therefore, no order will actually be completed at this stage.

Wednesday, November 24 approx. 11:00 UTC

  • Limit only mode: Order matching will start and trades will run normally. However, only limit orders will be valid.

Wednesday, November 24 approx. 15.00 UTC

  • Full trade: Once the order books have gathered sufficient liquidity, we will also enable all order types and card purchases for new trading pairs.

Here is the full list of new trading pairs to be added to Bitstamp:

  • ADA / BTC
  • ADA / EUR
  • ADA / USD

Source: Bitstamp

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

POLITICS

Joe Biden cryptocurrency law negatively impacted the crypto industry

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The crypto money bill that Joe Biden signed includes some changes, these changes are as follows.

“Aims to review structuring rules for information reporting requirements and other purposes applied to brokers regarding digital assets. Under current law, those engaged in digital asset mining, staking, digital asset hardware, providing software wallets or developing digital asset protocols may fall under the definition of ‘broker’ and may be subject to certain taxes.
“It will separate miners, stakers, wallet providers, developers and digital asset brokers from investors and allow brokers to report to the IRS.”

Currently, section 80603 of the law says:
“Return Requirement for Certain Transfers of Digital Assets Not Subject to Other Reporting.
Any broker (that is not part of a sale or exchange conducted by that broker) for one year in connection with, or known to, any transfer of security covered as a digital asset from an account held by that broker to an account not held by that broker. or an address unknown to a person who has reason to know is also a broker, in a manner to be determined by the Secretary for the calendar year in question, showing the information otherwise required.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

Huobi will send a user to space travel

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Huobi, which is among the major exchanges, announced that it will send a user to space with a lottery among users. Space travel, which the world’s rich go, is now offered to crypto money users.

Huobi cryptocurrency exchange, which will celebrate its eighth anniversary, announced that it has decided to organize a space raffle as a promotional event. Who will participate in the draw: Only 1 person will be sent into space by Huobi Global in the draw, in which current and new members can participate.

The winner of the lottery will train the winner of the space travel company, will also undergo a physical preparation process and will be given a salary during the training period. It is said that the cost of space travel will be 500 thousand dollars.

Huobi also stated that other prizes will be distributed in the draw. Applications will close on 16 December and the winner will be announced on 30 December 2021.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

CARDANO NEWS

Cryptocurrencies are falling fast today and institutions are buying altcoins

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Recently, there has been a sharp decline in the cryptocurrency market. For some investors, this is an opportunity. Especially institutional investors are turning to some altcoins.

We don’t know how long the cryptocurrencies will fall, but it seems like some forces don’t want the coins to go up and whenever they go up something comes up to make them fall. Institutional investors are probably the ones who evaluate these declines best.

Some reports also show that institutional investors are buying certain coins. One of these reports is the CoinShares report. In the new report from CoinShares, ADA nearly tied institutional Ethereum (ETH) entries last week, bringing its year-to-date total to $108 million.

According to the report, Ethereum inflows stood at $17.3 million last week, while Cardano outpaced $16.4 million. In the previous week, Cardano entries reached $5 million while Ethereum entries reached a valuation of $31.4 million.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility

AdaCoinLive, – Cardano News

  • Bitcoin (BTC) $ 61,990.00 0.27%
  • Ethereum (ETH) $ 2,421.22 0.08%
  • BNB (BNB) $ 562.58 0.25%
  • Solana (SOL) $ 143.29 0.83%
  • XRP (XRP) $ 0.530268 0.44%
  • Dogecoin (DOGE) $ 0.109052 0.39%
  • TRON (TRX) $ 0.153925 0.56%
  • Toncoin (TON) $ 5.19 4.02%
  • Cardano (ADA) $ 0.349838 1.37%
  • Avalanche (AVAX) $ 26.13 0.36%
  • Shiba Inu (SHIB) $ 0.000017 2.08%
  • Chainlink (LINK) $ 11.29 0.02%
  • Polkadot (DOT) $ 4.13 1.42%
  • Polygon (MATIC) $ 0.378463 0.71%
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