The central bank of Spain is introducing new registration guidelines for local virtual currency service providers, or VASPs, including banking institutions. The Bank of Spain has issued instructions on VASP registration for Anti-Money Laundering, or AML, purposes, requiring institutions to submit their registration requests through an electronic registry, Cointelegraph en Espaol reported Oct. 25. Issuing the guidelines on Oct. 19,…
Shiba Inu (SHIB) may see a pullback by almost 25%-35% on fears that the cryptocurrency’s excessive price rally in October has left it overvalued, a key indicator shows. Dubbed Relative Strength Index (RSI), the indicator measures the magnitude of an instrument’s recent price changes to evaluate its oversold and overbought conditions. The result can be anywhere between the number 0…
Lightning node cloud hosting platform Voltage has announced Flow, a new interface that aims to make the Lightning Pool liquidity marketplace more accessible to everyday users. Pool is an open market that allows Lightning nodes to open channels and purchase inbound or outbound capacity for a fee. “Flow gives the Lightning liquidity market an easy interface for those in need…
Bitcoin (BTC) fell below $62,000 on Oct. 26 as the launch of the third United States regulated exchange-traded fund (ETF) failed to budge the sideways price action. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $61,600 support target for BTC Data from Cointelegraph Markets Pro and TradingViewshowed BTC/USD hitting daily lows as U.S. markets opened on Oct. 26. The latest ETF,…
Crypto listing platform CoinList has concluded a $100 million Series A fundraiser to fuel its global business expansion, bringing its total valuation to a whopping $1.5 billion. The cash injection will help CoinList scale its business operations, support its community of early adopters and launch new product offerings, the company announced Tuesday. The fundraiser was co-led by venture funds Accomplice…
In brief Helium, a crypto startup focused on distributed wireless networks, is partnering with Dish Network for its upcoming 5G network. Dish customers can deploy a 5G node to share connectivity and earn crypto token rewards via Heliums network. Crypto startup Helium showed that a user-run wireless network can be bootstrapped with token rewards, with its original Internet of Things…
Five years ago, there was a large quantity of digital currencies and blockchains, but there were very few trading platforms that dealt with decentralized exchange. Since the boom of decentralized finance (defi), there’s now a myriad of decentralized exchange (dex) platforms that allow people to swap funds in a private, non-custodial manner. These days the biggest dex applications are catering…
Imagine BitMEX was decentralized and built on Solana, and you begin to understand Drift Protocols North Star. And with $3.8 million in fresh capital in hand, the project is inching closer to its objective. The funding round was led by Multicoin Capital, with Alameda Research, QCP Capital, Robot Ventures, Jump Capital, Not3Lau, and a host of other angel investors joining.…
Bitcoin (BTC) marking a new high of $67,000 last week has opened the possibility to hit $100,000 by the end of this year. According to PlanB, the creator of the popular stock-to-flow (S2F) model, called Bitcoin’s price retracement from the $60,000-level the “2nd leg”of what appeared like a long-term bull market. #bitcoin bull market, 2nd leg has started pic.twitter.com/N9H2QF7SDe —…
Its no surprise that nonfungible tokens (NFT) have been dominating the crypto market this year. The booming digital asset class generated over $2.5 billion in sales within the first six months of 2021, demonstrating unheard-of financial gains for artists, brands and content creators across the globe. The rise of metaverses has also impacted the adoption of NFTs, as the world…
