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MARKETS NEWS

Binance and MDI Ventures Forms Consortium To Grow Blockchain Ecosystem In Indonesia

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Binance and MDI Ventures formed a consortium to expand the blockchain ecosystem in Indonesia. The consortium has collectively developed the largest digital and financial technology ecosystems in Indonesia, providing access to more than 170 million consumers in the world’s fourth most populous country.

MDI and Binance CEOs made a statement for the consortium established in Indonesia. Changpeng, Founder and CEO of Binance, said: “Our goal at Binance is to grow the blockchain and cryptocurrency ecosystem globally, and this initiative in Indonesia is an important step in that direction. With rapid technology adoption and strong economic potential, we are the leader of the blockchain and crypto ecosystem within Indonesia.” “We are excited to name MDI as the latest partner in the region. With their depth of experience in the market, we are confident that we will deliver leading products for users locally.”

MDI Ventures: US$830+ million multi-stage venture capital arm of Indonesia’s largest telecommunications company and is the country’s largest technology investment firm.

Source: Bianance

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

Bank of England calls for rapid structuring of Crypto Regulations

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The Bank of England said in a statement; He said that regulations covering crypto assets need to be increased both within the UK and globally to combat the fast moving market.

While acknowledging the benefits of innovation, the bank said that innovation can only be sustainable with “effective public policy frameworks”. The Financial Policy Committee also welcomed the UK Treasury’s proposal to regulate stablecoins, put forward earlier this year.

Jon Cunliffe, VP of Financial Stability, claimed in November that crypto assets could potentially destabilize the UK’s financial system.

Bank of England December financial stability report

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

BBVA Bank Adds Ethereum (ETH) To Its Bank Portfolio In Europe

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BBVA Switzerland, one of Europe’s major banks, has become the first bank to approve Ethereum (ETH) as a cryptocurrency transaction and custody service. We may hear similar news from other banks in the near future.

By offering Ethereum (ETH) cryptocurrency to BBVA Clients. We think that it will increase the customer base. BBVA Customers will be able to perform Bitcoin and Ethereum transactions in their portfolios with their “New Gen” bank account.

BBVA Switzerland customers will be able to easily access transactions made with digital and traditional assets on mobile applications and similar platforms. They will be able to convert cryptocurrencies to fiat currencies such as dollars and euros. The same bank started to offer Bitcoin BTC transaction and custody services this year. He further expanded this service with Ethereum (ETH).

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

Bored Ape Yacht Club With Sandbox Developer Company To Develop NFT Game

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Bored Ape Yatch Club (BAYC) and The Sandbox developers Animoca Brands have partnered to develop and publish the blockchain NFT game.

Yat Siu, co-founder and chairman of the board of Animoca Brands, said in a statement: “NFTs have surfaced as a cultural repository. Bored Ape is one of the few collections that strongly represents the rise of NFTs, and is therefore an important community asset. We have the number one. I’m excited and proud to be working together on a game to contribute to this milestone.” said

The joint game The game is expected to be released in the middle of 2022.

BAYC

Bored Ape Yacht Club:
It is an NFT collection of 10,000 unique pieces. A Twitter profile photo was made by the famous NBA player Stephen Curry, which received great attention from people. Bored Ape provides NFT owners with many benefits such as discounts and special events.

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

Ledger Launches Visa Debit Card Crypto Life card

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Ledger announced today the launch of a debit card called Cryptocurrency Life for Bitcoin and some cryptocurrencies. More than 50 million online shops and merchants will be able to pay with the newly released visa fold.

The tool that the Visa network will use is the result of a collaboration between Ledger and financial services company Baanx Group.

According to the information received, cards can be managed and loaded from the Ledger Live application, both desktop and mobile versions are available. In addition, these cards will be able to open lines of credit to obtain cash, use financial instruments and use cryptocurrency as a pledge for consumption. Interestingly, rates and other rates start at 0%, although they may vary by location.

What cryptocurrencies will Cryptocurrency Life use?
Bitcoin, Ethereum (ETH), Tether (USDT), European Cash (EURT), U.S. Dollar Coins (USDC), Ripple (XRP), Baanx (BXX), Bitcoin Cash (BCH) and Litecoin (LTC) may increase in variety in the future.

source: ledger.com

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

BitTorrent (BTT) completes initial investment in WOO network

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BitTorrent announced on November 9, 2021 that it has completed its first investment in the WOO Network as part of its $30 million Series A round.

BitTorrent (BTT), one of the decentralized P2P networks ranked 48th in the coinmarketcap, plans to use WOO to establish a new R&D regional office in Warsaw and accelerate global development.

Of course, BitTorrent will allocate a serious budget to develop products such as income generating products, social trading, DeFi trading.

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, IOHK

Cardano launches AGIX ERC20 converter testnet

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In the announcement made on December 7, it was reported that the AGIX ERC20 converter now launches in testnet mode. ERC20 tokens can be converted to the new format and transferred to EMURGO’s Yoroi or Input Output’s Daedalus.

Working initially with SingularityNET and their AGIX token, Cardano shared how it would support ERC20 token migration from Ethereum. Today AGIX announced that its ERC20 converter testnet is live and ready for community evaluation.

SingularityNET is the first partner to this initiative. Transformer is an important step in our shared journey towards a much deeper collaboration with the SingularityNET community.

For detailed information on exactly how the AGIX ERC20 converter tool works, go here.

source: iohk.io

CARDANO NEWS

Charles Hoskinson Cardano Founder Yotube AMA live stream Video

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Cardano founder Charles Hoskinson went live on YouTube on Monday to do the AMA. He answered the questions and shared his thoughts. During the AMA he also shared his thoughts on crypto and for Christmas.

When Charles Hoskinson is faced with hateful comments due to the ADA’s declines in recent months, he shared his thoughts on how everyone should get along and be more understanding. “All I want for Christmas is for everyone to start getting along in our industry. It’s extraordinary to me that when people are so close in philosophy and perspective, and in some cases in technology, they can be as far apart as humans. This is extraordinary,” he said.

Charles Hoskinson, in his statements, said that investors in the other financial space have not seen as much hate as the crypto industry. “You don’t see that in other industries,” he said. “You don’t see the amount of tribalism, hatred, and vitriol our industry has for each other, whether it’s in physics, biology, cell phone manufacturing, or whatever.”

You can watch the entire video, which lasts for 2 hours and 49 minutes, here.

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 prepares to apply for FCA approval to enter the market in the UK

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Changpeng Zhao (Binance founder and CEO) announced that he is preparing to apply for approval from the FCA to offer its wide range of products in the UK. FCA said Binance was operating without permission in the UK and warned about it. It is seen that Binance has started to work on this issue.

Following the opening of the Financial Conduct Authority (FCA), Changpeng Zhao said in a statement that Binance has recruited “a number of ex-regulatory staff and several hundred compliance workers from the UK”. “We want to continue to have a presence in the UK and to serve UK users in a fully licensed and fully compliant manner,” he 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.

CARDANO NEWS

Cardano dApp announces SundaeSwap testnet

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Cryptocurrencies, which fell in the global market, also negatively affected the ADA price. All Cardano (ADA) lovers now want prices to go up. Cardano offers a Decentralized app called SundaeSwap. The lack of decentralized application in the Cardano network was very negative for Cardano.

Cardano is now launching the SundaeSwap testnet application and will launch decentralized application on its own network as allowed by the Alonzo update, which we think will be positive for Cardano thanks to the decentralized applications in this network. Many analysts said that the biggest reason why the expected rise did not come after the Alonzo update was the lack of dApps (Decentralized Applications). Now that Cardano has dApps (Decentralized Applications), we all expect Cardano to grow stronger.

After the Cardano Alonzo update, many dApp (Decentralized Applications) projects have said that they intend to develop Cardano. Some of them are Charli3, Adax, Liqwid and SundaeSwap. We hope that maybe dApp (Decentralized Applications) projects will accelerate the mobilization of ADA.

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.