Crypto Market Highlights October 27, 2021 . US Regulators Prepare Crypto Gift For Banks; CoinList transforms into a unicorn and many other highlights of the crypto market as compiled by cryptonew in the past 24 hours.
Crypto Market Highlights: Regulatory News
– Jelena McWilliams, president of the Federal Deposit Insurance Corporation of America, told Reuters that a group of U.S. banking regulators are trying to provide banks with a roadmap for how to deal with cryptocurrencies, even keeping them on their balance sheets like more traditional assets.
“If we don’t get this activity into the banks, it will grow outside of the banks. … Federal supervisory authorities will not be able to regulate it. “ said McWilliams.
– Tether, the issuer of the most popular stablecoin, Tether (USDT), said it will use Notabene, an end-to-end solution designed to adhere to the Cryptocurrency Travel Rule and allow them to understand complex use cases for cryptocurrencies ” in a collaborative, low risk environment. The company says this solution will help them fight money laundering and crime in transactions from virtual asset service providers.
– The Dubai Financial Services Authority (DFSA) has developed a regulatory framework for investment tokens and defined them as security tokens or derivative tokens. They added that they are making proposals for tokens that are not part of the investment token regulatory framework, which includes exchange tokens, utility tokens and stablecoins.
Crypto Market Highlights: Investment News
- CoinList, a new platform for cryptocurrency services, claims it has raised $ 100 million in Series A funding, bringing CoinList’s valuation to $ 1.5 billion. The company said the round was led by the original CoinList backer along with Agman. The new funds should be used to scale the platform’s services and operations, “better serve” its global community, and launch new products such as CoinList Karma and CoinList Governance to fuel growth. CoinList says it has nearly 3.5 million monthly active users, while its monthly trading volume has grown to $ 1 billion by 2021.
- $ 2.6 billion worth of quantitative hedge fund GSA Capital is aiming to strengthen its position in the crypto market to capitalize on the volatility and underperformance in that market, Bloomberg reported. According to the report, the 16-year-old fund introduces the types of systematic trades that have helped it generate net returns in the traditional world of stocks, derivatives and currencies.
- Sequoia Capital, one of the oldest and most successful venture capital firms in the world, plans to become a registered investment advisor, which could allow it to expand its investments in the following sectors: like crypto and second, Axios reported. Further information on crypto investments cannot be given.
- Peer-to-peer Bitcoin (BTC) marketplace LocalBitcoins has released a trading and wallet app for Android devices while they are also focused on releasing an iOS version. The app enables users to purchase BTC in most global currencies in 190 countries around the world using more than 100 different payment methods, according to the company.
- The German Ministry of Justice of North Rhine-Westphalia has held an auction to sell BTC that has been seized by law enforcement agencies, with minimum prices starting at EUR 42,400 (USD 49,197), Bloomberg reported. The first bidder in the German auction offered EUR 56,060 (USD 65,010).
- The mobile-compatible blockchain protocol Minima has announced that it has raised US $ 6.5 million in a Series A financing round. The funds will be used to launch the project’s mainnet in 2022.
- Immunefi, a bug bounty and security service platform for DeFi, claims it has raised $ 5.5 million in funding. Its investors include Electric Capital, Framework Ventures, IDEO Colab, and others.
Crypto Market Highlights: Mining News
Canadian public utility Hydro-Québec has shut down a cryptocurrency mining operation that it claims to have cost about CAD 2 million ($ 1.62 million), the Montreal Gazette reports. An investigation has enabled the company to determine that cryptocurrency mining has been going on at three locations since the spring, and a case file is being presented to the provincial attorney general, who will rule on all charges.
Crypto Market Highlights: Stock Market News
According to KuCoin, the trading volume on the platform exceeded $ 258 billion in the third quarter of this year, or 720% more than in the same period in 2020. The company is aiming to bring an unspecified range of new products to market. ” a social trading feature “this quarter…
WallStreetBets investor group says it is running the decentralized application WSBDapp (dapp) and its decentralized financial products (DeFi) on the Bitcoin blockchain via a sidechain liquidation network. The Dapp provides access to exchange traded portfolios, tokenized stocks of large global companies and other assets that have been voted on by the WSBDApp community.
The issuer of digital asset exchange (ETP) products Valor has announced the introduction of the Valor Uniswap (UNI) ETP on the Frankfurt Certificate AG. The company adds that this is the first Uniswap ETP to be offered on a traditional stock exchange.
Crypto Market Highlights: Gaming News
Sipher, a money game, said it completed a $ 6.8 million seed round led by Arrington Capital, Hashed and Konvoy Ventures Crypto Market. The funds will be used to accelerate the growth of the Sipher space along with the tools necessary to create an engaging, fun and engaging gaming experience based on technology, the company said.
The Texas-based games retailer GameStop (GME) is looking for the manager of Web 3.0 games, according to a job advertisement Crypto Market. The company says an ideal candidate will have experience in a variety of fields related to games, content creation, partnerships, game design / development / mechanics, general knowledge and experience with Ethereum, NFT and blockchain-based gaming platforms.
Crypto Market Highlights: NFT’s News
Chinese tech giants Tencent and AntChain are renaming their non-fungible token (NFT) platforms to “digital collectibles” to reduce “their association” with cryptocurrencies, “said Bloomberg. They say these collectibles have no monetary property and cannot be resold for a profit.
Join our Facebook group and Telegram group Coincu News to chat with more than 10,000 other people and exchange information about the crypto currency market.
Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice. Your money, the choice is yours.