Crypto exchange Binance is increasing its presence in Ireland amid lingering questions about where the crypto exchange is based. Last month, the Irish Independent reported that the exchange registered three firms in the jurisdiction. Those firms were Binance (APAC) Holdings, Binance (Services) Holdings, and Binance Technologies—all of which were formally established on September 27, 2021. Today, the Irish Independent reported…
El Salvador’s USD-denominated bonds fell to 64.4 cents to the U.S. dollar on Monday, making the Central American country one of the worst performers on the foreign debt market, according to a Bloomberg report. Investors are reportedly concerned that President Nayib Bukele’s latest “Bitcoin City” initiative effectively pulls a plug on the International Monetary Fund’s (IMF) long-time efforts to establish…
The Blockchain Industry Coordinating Committee of Nigeria (BICCON), has said it is not lawful for Nigerian financial institutions to arbitrarily freeze or close bank accounts belonging to individuals or entities accused of trading cryptocurrency. Affected Crypto Entities Told to Seek Legal Advice In a public statement issued on November 22, BICCON — a coalition of Nigeria’s foremost cryptocurrency and blockchain…
Bitcoin (BTC) whales are moving large amounts of coins to exchanges in tandem with large outflows, curious new data shows. According to the exchange whale ratio indicator from on-chain analytics firm CryptoQuant, large transactions have accounted for over 90% of recent exchange deposits. Top ten deposits make up 90% of exchange inflows In a marked change from previous behavior, over…
California-based music streaming platform Audius released new functionality that allows artists and fans to embed nonfungible tokens (NFTs) on various blogs and social media platforms such as Twitter and Discord. The “embedded” functionality aims to improve fan engagement for musicians through NFT adoption and Web 3.0 integrations. To enable the feature, artists need to connect their Audius accounts with Phantom…
NFL star and Los Angeles Rams wide receiver Odell Beckham Jr (OBJ) is set to receive part of his salary for the 2021-22 NFL season in Bitcoin. OBJ yesterday announced a partnership with Cash App—an app that allows users to send and receive funds quickly—which will enable him to convert part of the salary in his latest contract into the…
Niantic, the popular augmented reality (AR) mobile game Pokemon Go developer, is planning to build a “real-world” metaverse with newly raised funding. The company officially announced Monday the completion of a $300 million raise from the technology-focused investment manager Coatue, bringing the company’s valuation to $9 billion. Coatue is known as a major investor in the cryptocurrency and blockchain industry,…
Moonpay, a cryptocurrency payments service provider, has raised $555 million during its first funding round. Led by Tiger Global Management, this series A funding round propelled the valuation of the company to $3.4 billion, which will be used for expansion endeavors. The fiat-to-crypto ramp that Moonpay provides is key to several hundred wallets and services for onboarding users with fiat…
Binance, the world’s largest cryptocurrency exchange, is reportedly in talks with sovereign global wealth funds to sell them a stake in the company. In addition to planned “mega funding” for its United States-based business Binance.US, Binance is now also seeking global funding to improve relationships with regulators, Binance CEO Changpeng Zhao said in a Tuesday interview with The Financial Times.…
Bitcoin (BTC) showed no sign of tackling $60,000 resistance on Nov. 23 as the specter of defunct exchange Mt. Gox returned to haunt price action. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Mt. Gox makes waves with payouts yet to come Data from Cointelegraph Markets Pro and TradingView showed BTC/USD again reversing progress which had produced a local high above $59,500 Monday.…
