Bitcoin News and Finance: What You Need to Know

PRESS RELEASE. The blockchain-based metaverse Dvision Network has announced that their metaverse known as ‘’Dvision World’’ will be launched on November 1st, 2021 . This event is anticipated to herald a new era for the not only Dvision ecosystem but also for the whole metaverse industry. Moreover, Dvision is holding a special NFT giveaway event, calling their users for action to pre-register and secure their spot before the metaverse goes live. Dvision World goes LIVE in 2 days! Dvision Network has shared details about the launch in a press release on its Medium blog page. According to Boburjon Muydinov, Head of Business Development at Dvision Network, users can now join Dvision World from November 1st and explore combat-ready activities and discover the greatest adventure of the metaverse. Dvision users will be able to design customized avatars and access various events while traversing the different meta-spaces (lands) within the metaverse. The launch of Dvision World was anti...

The Australian Federal Police (AFP) has confirmed that the Supreme Court of New South Wales has ordered the forfeiture of cryptocurrency belonging to a convicted hacker. “The amount of cryptocurrency forfeited, more than $1.2 million, is the largest Commonwealth forfeiture of cryptocurrency,” the AFP said. ‘Largest Commonwealth Forfeiture of Cryptocurrency’ The Australian Federal Police (AFP) announced Friday that a convicted hacker “has been ordered to forfeit more than $1.66 million [Australian dollars] in cryptocurrency and cash to the Commonwealth.” The 23-year-old Sydney offender pleaded guilty to various criminal offenses in October last year. The AFP-led Criminal Assets Confiscation Taskforce (CACT) “obtained restraining orders over cryptocurrency plus bank and Paypal accounts held in false names, but suspected to be controlled by the man,” the AFP explained. The Supreme Court of New South Wales ordered the forfeiture of his 1.66 million Australian dollars to the Commonweal...

Ripple publishes the quarterly XRP Markets Report to voluntarily provide transparency and regular updates on the company’s views on the state of crypto markets such as quarterly sales updates, relevant XRP-related announcements and commentary on market developments over the previous quarter.  As an XRP holder, Ripple believes proactive communication and transparency are part of being … Continued The post Q3 2021 XRP Markets Report appeared first on Ripple. http://dlvr.it/SBYn1L

The CEO of the world’s largest movie exhibition company, AMC Entertainment, is asking the crypto community whether his company should accept shiba inu (SHIB) for payments. The company is already planning to accept several cryptocurrencies by year-end, including dogecoin. CEO Asks Whether AMC Should Accept Shiba Inu The CEO of AMC Entertainment, Adam Aron, put up a poll on Twitter Friday asking the crypto community whether his company should accept payments in shiba inu (SHIB). AMC is the largest movie exhibition company in the U.S., Europe, and the world. As of March 31, the company owned or operated approximately 950 theaters and 10,500 screens globally. Aron wrote : “As you know, you can now purchase AMC gift cards using cryptocurrency, and our IT group is writing code so that soon we can accept online payments in bitcoin, ethereum, litecoin, and dogecoin among others. Should we strive to take shiba inu too?” At the time of writing, 44,659 votes have already been counted but th...

State-owned Russian energy giant Inter RAO is now discussing electricity supplies for Kazakhstan where crypto miners have allegedly caused a spike in consumption this year. The country is expecting the power deficit to reach 600 megawatts as demand during the winter increases even further. Kazakhstan Likely to Buy Electricity From Russian Federation to Deal With Shortages Inter RAO, a major electricity producer in Russia, is holding talks on the possible supply of electricity for Kazakhstan starting from November, a high-ranking representative told reporters. Alexandra Panina, a member of the company’s management, explained that consumption growth in Kazakhstan is around 7%, noting that for the first time the country is facing a deficit in the cold winter months. Quoted by the Interfax news agency, she stated: I am now discussing the possibility of commercial supply of Russian electricity to Kazakhstan in November. Shortages in Kazakhstan are expected to amount to 600 megawatts ...

Ripple was the first company to leverage crypto to tackle the trillion-dollar challenges associated with cross-border payments. Many companies have entered this space to address the pitfalls that businesses and consumers alike experience when interacting with our current financial system, but without addressing the underlying infrastructure that this system was built on – financial institutions, … Continued The post ODL Sees Record Growth and Traction in 2021 appeared first on Ripple. http://dlvr.it/SBYVD5

The Zimbabwean Finance Minister, Mthuli Ncube, recently told business leaders that he is not planning to make the U.S. dollar the country’s sole currency again. Government Focused on Strengthening Local Currency Instead of entertaining those calling for the dollarization of the Zimbabwean economy, Ncube suggested his ministry is in fact focused on defending the value of the zimdollar. According to a report by the Sunday Mail, the Zimbabwean minister made these comments while speaking at a pre-budget seminar held in Victoria Falls. Since its reintroduction in 2019 when it was briefly at parity with the USD, the Zimdollar has seen its official exchange rate against the U.S. dollar drop to over ZWL$90 for every one USD. On the parallel market, one U.S dollar is currently equivalent to more than ZWL$160. As previously reported by Bitcoin.com News, it is this growing difference between the parallel and official market exchange rates that prompted one of Zimbabwe’s biggest business lo...

On October 29, the total value locked (TVL) in decentralized finance (defi) protocols is around $243 billion with Curve capturing 7.76% of the dominance. Meanwhile, as ethereum has the largest dominance of TVL in defi, a number of alternative blockchains are seeing significant increases every week. Moreover, the TVL in cross-chain bridge technology has reached $22.48 billion, up 48.8% over the last month. Defi Total Value Locked Hovers Above $240 Billion — Avalanche, Fantom, Polygon, Tron, Arbitrum TVLs in Defi Increase The total value locked in decentralized finance apps has continued to climb higher this year reaching new heights. Data from defillama.com ’s dashboard shows the TVL on Friday is $243 billion with Curve’s $18.91% commanding a 7.76% dominance rating. The defi protocol Curve supports seven different blockchains, which means users can access cross-chain bridge technology to leverage the decentralized exchange (dex). Statistics indicate that Ethereum ( ETH ) is still t...

The NBA team Dallas Mavericks has partnered with crypto platform Voyager and is offering its fans a $100 bonus in bitcoin to sign up and trade crypto on the partnered platform. “We’re going to come up with new ways to introduce Mavs fans to cryptocurrency and help them understand it,” said Mark Cuban, the owner of the Dallas Mavericks. Dallas Mavericks and Voyager Offer $100 Bitcoin Bonus The NBA team Dallas Mavericks has partnered with cryptocurrency platform Voyager “to make crypto more accessible to all,” the professional basketball team said Wednesday. Announcing the partnership, Dallas Mavericks owner Mark Cuban said: The Mavs have entered into a five-year international, integrated partnership with Voyager. They are our first international partner and our first crypto partner. “I think working together, we’re going to be at the forefront of innovation,” Cuban opined. “We’re going to come up with new ways to introduce Mavs fans to cryptocurrency and help them understand it.”...

Nine days ago, bitcoin reached a new all-time high (ATH) and now the second leading crypto asset ethereum has tapped an ATH on Friday morning. Ethereum reached a high of $4,416 per unit and has since retreated around 2% down from that price position. Ethereum Reaches New All-Time Price High The second-largest crypto market capitalization belongs to ethereum (ETH) with a valuation of around $510 billion today. Currently, there is $28.9 billion dedicated to ether trades and ETH ’s market cap has a dominance rating of around 18.8%. ETH reached its all-time high during the early morning trading sessions on October 29, tapping a high of $4,416 per ETH . Year-to-date, ethereum (ETH) has gained 1,013% and during the last 30 days the crypto asset has increased by 54.7%. The stablecoin tether ( USDT ) is the top pair trading with ethereum ( ETH ) on Friday commanding 43.53% of all trades. This is followed by USD (20.65%), BTC (9.75%), BUSD (7.90%), EUR (4.03%), and KRW (3.34%). ...

Crypto miners now bring more than $230 million into the economy of Kazakhstan each year and estimates show the figure could increase significantly in the future. The industry’s leading organization has projected that the government can collect more than $300 million in taxes over the next five years. Kazakhstan Makes Millions From Cryptocurrency Miners Kazakhstan’s growing coin minting industry has the potential to pour $1.5 billion into the nation’s economy in a five-year period, resulting in over $300 million in tax revenue, according to the National Association of Blockchain and Data Center Industry which unites major companies involved in cryptocurrency extraction that account for 70% of the mining sector. Budget revenues can reach $400 million with the opening of cryptocurrency exchanges, the organization added. According to the association’s president, Alan Dordzhiev, even now legal participants in the mining market bring Kazakhstan 98 billion tenge (close to $230 million) an...

Ethereum defi protocol Cream Finance suffered an exploit yesterday that allowed attackers to steal $130 million from its holdings. The news was first revealed by Peckshield, a blockchain analytics company that discovered a flash loan had exploited the platform. This is the third hack the protocol has suffered in its history, being exploited for $36 and $29 million before, respectively. Cream Finance Hacked Yet Again Cream Finance, an Ethereum-based lending and borrowing protocol, suffered an exploit that allowed the hackers to steal $130 million worth of ether and ERC-20 tokens. According to Slowmist , a blockchain security organization, the attack netted 2,760.22 ether and 60 tokens including HBTC, USDT , BUSD, and others. The attack was perpetrated in the form of a series of flash loans in a very unorthodox way, which has led some to think the hacker was an experienced defi developer. Another blockchain security firm, Peckshield, broke the news, linking to the flash loan that cau...

Cardano founder Charles Hoskinson recently confirmed he had signed a memorandum of understanding (MOU) with the government of Burundi. This MOU agreement is Hoskinson’s first major preliminary agreement he has secured since kickstarting Cardano’s African tour in mid-October, 2021. Meetings With Burundi and Zanzibar Leaders Before traveling to Burundi, Hokisnson had visited Zanzibar where he held meetings with Hussein Ali Mwinyi, the island nation’s president. However, it is Hoskinson’s Burundi visit that has helped Cardano to achieve its latest major agreement with an African state after it signed another deal with the Ethiopian government back in April 2021. To break the news about his interactions with the Burundi government as well as Cardano’s latest achievement, Hoskinson went on Twitter and shared some key moments of his Burundi tour. In his last tweet, he said: “Yes, we signed a great MOU today.” In an earlier tweet , Hoskinson — who has since changed his Twitter profile...