Bitcoin (BTC) extended its slide on Nov. 16 as BTC price action returned to test $60,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin finally closes large CME gap Data from Cointelegraph Markets Pro and TradingView showed BTC/USD coming down 8% from Monday’s local highs above $66,000. Bouncing at $60,350 on Bitstamp, the pair nonetheless traded at its lowest since Nov.…
Month: November 2021
Synthetic asset protocol for Polygon raises $1.5M from major investors
Polysynth, a Polygon-based synthetic asset platform, has secured investments from a number of DeFi venture capital firms and angel investors. The team announced a $1.5 million funding round as part of its seed round on Nov. 15, revealing participation from Jump Capital, DeFi Alliance, Hashed, and a number of individuals such as Alan Howard, co-founder of Brevan Howard Asset Management,…
LBank Exchange Will List LMCSWAP on November 15, 2021 – Press release Bitcoin News
press release PRESS RELEASE. INTERNET CITY, DUBAI, Nov. 15, 2021 – LBank Exchange, a global digital asset trading platform, will list LMCSWAP (Limocoin Swap) on November 15, 2021. For all users of LBank Exchange, the LMCSWAP/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on November 15, 2021. In the ever-evolving African continent, blockchain technology and crypto…
Crypto Threat to Financial Stability ‘Getting Closer’ — Urges Regulators to Act Now – Regulation Bitcoin News
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that cryptocurrency is getting closer to posing a threat to global financial stability due to the sector’s rapid growth. Crypto is also being integrated into the traditional financial system at a rapid rate. He urges regulators to take action now. Bank of England’s Jon Cunliffe Warns Crypto…
South Korean lawmakers push back against controversial “know-the-sender” rule
South Korea’s crypto community coul soon face stringent reporting requirements on all cryptocurrency transactions, with the country’s National Assembly currently debating whether “know-the sender” (KTS) rules should be imposed. Arguments against the proposed KTS rule were heard before the Political Affairs Committee of South Korea’s legislature on Nov. 16, with lawmakers and industry experts pushing back against the proposed legislation.…
Infrastructure bill can still be remedied: DeFi dev-turned Congress candidate
The controversial U.S. infrastructure bill was signed into law by President Joe Biden this morning, with the legislation passing without amendments made to the broad provisions that could impose stringent reporting requirements on crypto network validators and software developers. However, DeFi strategist-turned Democratic congressional candidate, Matt West, believes there is still time to push back. Speaking to Cointelegraph, West said:…
Bank of England Deputy Governor
Sir Jon Cunliffe, the Deputy Governor for Financial Stability at the Bank of England (BoE) crypto may pose an imminent threat to the traditional financial system. During a Nov. 15 interview with the BBC’s “Today” program, Cunliffe argued that the rapid growth of digital assets and their integration with traditional financial services could soon pose systemic risks, stating: “[Cryptocurrencies] are…
Binance Publishes Bill of Rights for Crypto Users
In brief Binance’s bill of rights include calls for privacy and the right to use crypto tools. Some provisions are directed at exchanges and how they serve their customers. Binance, the world’s largest crypto company, issued Tuesday what it calls “10 Fundamental Rights for Crypto Users.” The manifesto-like document calls for universal access to financial tools, strict protections for personal…
AMC CEO Says Bitpay Will Support Shiba Inu — AMC Set to Accept SHIB Next Quarter – Altcoins Bitcoin News
The CEO of the world’s largest movie exhibition company, AMC Entertainment, says that payment service provider Bitpay has agreed to support the meme cryptocurrency shiba inu (SHIB) at his request. AMC will be able to accept shiba inu crypto for payments within the next few months. AMC Says Bitpay Agrees to Support Shiba Inu: SHIB to Be Accepted for Payments…
DFG piles $12.6M into Astar Network’s Polkadot parachain bid
The first-ever parachain auction on Polkadot is heating up, with leading projects from the Polkadot ecosystem competing for the coveted first slot. On Nov. 15, DFG Group — a global blockchain investment firm controlling $1 billion in assets under management — announced it had pledged 300,000 DOT tokens (worth $12.65 million) in support of Astar Network’s parachain bid. Polkadot will…