Tag Archives: Featured

POLITICS

India’s Paytm Company May Launch Bitcoin If Government Legalizes Crypto

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Paytm, India’s major digital payments company, may consider adding Bitcoin trading to its offerings if it is approved with crypto in India. According to a report from Bloomberg, Paytm has expressed interest in adding Bitcoin trading to the platform. However, the government needs to clarify regulations regarding cryptocurrencies before considering doing so.

“Bitcoin is still in a regulatory gray area, if not a regulatory ban in India,” Madhur Deora, the company’s Chief Financial Officer, told Bloomberg TV in an interview. Over the past few years, the Indian government has repeatedly changed its stance on crypto, confusing investors with the regulatory rules surrounding it.

The Indian government’s indecision about cryptos is negatively affecting all crypto investors in India. We hope the Indian government will now pass a positive law.

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

On the Australian exchange, BetaShares crypto company fund breaks records in 15 minutes

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BetaShares crypto fund management company’s Australian exchange-traded fund (ETF) broke Australian Securities Exchange (ASX) records in the first 15 minutes.

Investors on the exchange broke the current ETF record of A$8 million within minutes, raising a total of about A$42.5 million by the end of its opening day. It signaled a massive pent-up demand for crypto exposure on the Australian Stock Exchange (ASX).

The Australian Securities and Investment Commission has given the green light for the launch of Bitcoin and Ether ETFs, provided a long list of guidelines is followed.

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

New York mayor Eric Adams says he will receive his first three paychecks in bitcoin

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Eric Adams, the new mayor of New York City, is a Bitcoin-loving mayor. By using the blockchain-based structure in New York City, it is preparing for the future before other cities.

Miami Mayor Francis Suarez has taken important steps to incorporate crypto into his governance, including the use of the CityCoins protocol in Miami. He tweeted that he plans to receive his next paycheck in “100% bitcoin”.

New York City Mayor-Elect Eric Adams said he will receive his first three paychecks in cryptocurrency so he doesn’t get left behind. “We always get big in New York, so when I become mayor I will get my first THREE paychecks in Bitcoin. NYC will be the hub of the cryptocurrency industry and other fast-growing, innovative industries! Wait!” he said in a tweet.

Eric-Adams-tweet

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

Cryptocurrency purchase limits for local retail investors in Kazakhstan

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Kazakhstan has limited the amount of money local retail investors can put in crypto, Kazakhstan global news site kapital.kz reported on Wednesday.

Retail investors can invest 10% of their annual income or 5% of their total assets up to $100,000 per year, excluding their main residence, as long as they can prove their finances to the regulator, capital.kz reported.

Investors can invest up to $1,000 per month if they don’t provide any proof of their financing, according to Kapital.kz, which says it has obtained information directly from the Astana Financial Services Agency (AFSA).

AFSA was not available for comment at the time of publication.

Limits have been introduced to protect retail investors from crypto-related “high risks,” which could include a complete loss of capital, AFSA told kapital.kz.

AFSA has also created a roadmap to develop the crypto market in the country. According to the plan, crypto exchanges will operate as pilots for a year from the end of 2021.

According to the report, the rules set by AFSA went into effect on October 26.

According to capital.kz, the agreed rules are more stringent than those previously proposed by the Astana International Financial Center (AIFC). An AIFC committee suggested a monthly limit of $2,000 for retail investors.

Kazakhstan has seen a massive influx of crypto miners since China began a crackdown on the crypto mining industry in May. The country faces severe power outages, partly due to the influx of miners, and plans to limit the electricity consumption of new mines.

source: www.kapital.kz

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 continues to work for Africa

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Hoskinson, the founder of Cardano, expects Cardano’s partnerships with African governments to influence regulators in the US. Charles Hoskinson meets the African continent with regulators and develops joint business projects with governments. Thanks to Cardano, Africa will probably use blockchain technology before many other countries.

A blog post by Input Output Hong Kong (IOHK), the company behind Cardano, said:
“Africa is a really special and interesting continent because it is going through a massive update. There is no dependency on systems of the past because those systems have historically not worked very well here. So that means that over the next 10, 20 years, everything is poised for change, from how compliance works to how stock markets work, from how national identity works to how academia works.”

Charles Hoskinson

He also denied recent rumors that a token burning policy will be implemented on Cardano. It has been said that Cardano has no plans to burn tokens. The percentage of staked tokens continues to increase. Investors are eagerly waiting for ADA prices to rise.

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.

ALTCOIN NEWS

Binance explores Squid Game token

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Crypto exchange Binance is investigating the SQUID token collapse and considers it a scam, one of the Binance authorized essentialists told CoinDesk.

A Binance spokesperson said it is exploring options to help those who are hurt, including “blacklisting developer-linked addresses and deploying blockchain analytics to identify bad actors.”

The play-to-win SQUID protocol is built on Binance Smart Chain (BSC), but Binance says BSC is an open-source ecosystem, so the company has no oversight over projects built on the network.

“Such scam projects have become very common in the DeFi space, as speculative crypto investors looking for the next ‘moon shot’ are quick to invest in projects without proper due diligence,” the spokesperson said.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individua

POLITICS

Eric Adams, New York will be the center of Bitcoins

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Saying “New York will be the center of Bitcoins” and supporting Bitcoin, Eric Adams became the new mayor of New York. America may come a new city that supports Bitcoin.

The nominee for the Democratic wing, former police officer and Bitcoin lover Eric Adams, has become mayor of York. Eric Adams, who received about 66 percent of the vote, won another Bitcoin-friendly city in the USA after Miami.

In his speech, 61-year-old mayor Eric Adams said, “I promise New Yorkers. When I’m elected president, you’ll see another city. “This will be the hub of science, cybersecurity, self-driving cars, drones and Bitcoins.”

Photo: nytimes.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individua

POLITICS

African Rhino Conservation Foundation to Raise Aid Via NFT

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Black Rock Rhino, a South African rhino conservation organization, is preparing to raise funds for endangered species with an NFT auction. Together with the rhino protection foundation and blockchain technology firm Virtual Nation Builders, where more than 200 rhinos are protected, they plan to auction their NFTs in Momint, one of South Africa’s largest NFT markets.

The proceeds from the auction on November 11 will be used to pay for daily expenses related to the foundation, the Black Rock Rhino association explained. The statement reads: “The net income will go towards securing the area, feeding, vaccinations, animal welfare and other day-to-day operating expenses.”

Although rhino horns are prohibited, they are traded for $25,000. Black Rock Rhino officials believe digital horn NFTs will generate more returns. In this way, they try to prevent rhinos from being killed for their horns.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individua

POLITICS

SEC will not lead the regulation of stablecoins

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The SEC’s monopoly over control of the “systematically important” stablecoin industry was denied. On November 1, the US President’s Financial Markets Working Group (PWG) released its highly anticipated report (Download Report PDF) and policy recommendations for stablecoins. The report focuses on the risks that “payment stablecoins” – or those designed to provide stable value against a reference fiat currency – can pose to users and financial stability.

An important message from PWG is that, although the use of stablecoins is currently largely limited to simplifying digital asset transactions, under certain circumstances this asset class could become much more prevalent in retail, necessitating the adoption by congress of a comprehensive federal prudential regulation system.

The PWG consists of the leaders of the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the Federal Reserve and is led by the Secretary of the Treasury Department. The Federal Deposit Insurance Corporation (FDIC) and the Office of the Currency Controller (OCC) also contributed to the preparation of the interagency report. With such a large concentration of federal financial regulators, the results of their joint efforts were expected to provide a credible indication of the current administration’s stance on stablecoin regulation. Anonymous reports that surfaced shortly before the document was released claimed that the group had agreed to a plan to hand over significant power over stable tokens to the SEC. This further increased tensions around the interagency report.

The prospect of the SEC taking the lead in regulating the stablecoin is not encouraging for some players in the crypto space. K. Neil Gray, a partner at law firm Duane Morris, said before the report was released:

“Industry participants probably perceive the SEC’s desire to take a position in this space as another example of the SEC’s over-spreading in the cryptocurrency space and fear that the SEC will regulate stablecoins by enforcement rather than rule.”

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individua

POLITICS

The much-anticipated Fed announces its interest rate decision

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With its decision, the FED (US Federal Reserve) did not change the policy rate and kept it constant in the range of 0-0.25 percent. The Fed decided to reduce its asset purchase rate by $15 billion per month.

The FED (US Federal Reserve) stated that it will slow down its asset purchases and decided to reduce the asset purchase rate to 15 billion dollars per month.

It will purchase $60 billion of treasury paper and $30 billion of mortgage-backed securities in December.

Of course, this decision will cause changes in the monetary values of countries and cryptocurrencies.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individua