Bitcoin News and Finance: What You Need to Know

PRESS RELEASE. Affyn’s private round was oversubscribed within a week of its website unveiling, resulting in the opening of a new strategic round that once again became oversubscribed, ahead of its presale in December 2021. Backed by more than 50 venture capitalists, institutional investors and partners, signaling high confidence and strong demand for Affyn’s Play-to-Earn Metaverse. The much anticipated presale round will be launched in December 2021 in preparation of the public launch in early 2022. Whitelisting is now open for registration on their website, www.affyn.com . SINGAPORE, Dec. 21, 2021 – Singapore startup Affyn, a blockchain-powered Metaverse project, is developing a Free-to-Play and Play-to-Earn mobile game with integrated geolocation and augmented reality (AR) capability. Reimagining Free-to-Play and Play-to-Earn As a metaverse-based project with geolocation capability and AR mechanics, Affyn incorporates the fun concept where every in-game character, which th...

PRESS RELEASE. MaximNFT – an NFT marketplace by Maxim magazine and xSigma – is excited to announce that former professional boxer Vitali Klitschko is launching an NFT collection on its platform for charity. Proceeds will go to the Ukrainian branch of Rotary International, a non-profit organisation promoting humanitarian services across the world. Once a professional boxer, Vitali Klitschiko is now a Ukrainian politician serving as the Mayor of Kyiv. As a boxer, Kyiv won multiple heavyweight titles, including the WBO 1999-2000 title, the Ring Magazine 2004-2005 title, and WBC title twice from 2004 to 2013.He defeated 15 opponents in his title fights across his career, including 12 title defences. He and his brother dominated heavyweight boxing from 2006 to 2015, ushering in what is now called the “Klitschko era”. Meanwhile, Rotary International is an international service organisation that offers humanitarian assistance and promotes goodwill and peace around the world. It was f...

Interest in cryptocurrencies has been growing in Russia, not least among non-qualified investors. According to recently quoted estimates, Russians have already put more than $67 billion into the crypto market, the capitalization of which has increased significantly this year. Russians Spent Some 5 Trillion Rubles on Crypto Russian residents have swapped 5 trillion of their national fiat (over $67.5 billion) with cryptocurrencies, a high-ranking member of the State Duma has revealed without indicating a time frame. Speaking during hearings at the lower house of the Russian parliament on Monday, head of the Financial Market Committee Anatoly Aksakov stated: According to some reports, 5 trillion rubles have already been invested by Russians in cryptocurrency. Bitcoin and the like are yet to be comprehensively regulated in Russia, where the law “On Digital Financial Assets,” which entered into force earlier this year, introduced some rules for only a few related activities — coin is...

2021 is coming to an end and the new year is just around the corner. If you’ve ever considered getting a very unconventional, extremely trendy, and totally unforgettable Christmas gift for your loved ones, NFT artworks can be a great option. If you decide to buy one now, it will for sure be delivered before the holiday arrives. NFT Art: New Gold for Gen Z Investors and Art Lovers Whether NFT art is for Gen Z is still debatable, but we see that there are more and more Gen Z NFT art creators all around the world that have been quick to adopt the new technology, and even faster to monetize their artworks via blockchain. This even before many millennial institutional investors understood what NFTs were and why investing in the metaverse is important. NFT art is first and foremost — art. If you see the representation of the creator’s mind and find beauty in a piece, it has aesthetic value for your personal collection. And unlike traditional art that you mostly see in galleries, museums,...

Established in 2016, Cash2Bitcoin.com is one of the largest and fastest-growing cryptocurrency ATM deployment services in the United States. Cash2Bitcoin.com manages over 1000 locations throughout the country and is rapidly expanding its reach in the market. Ayman Rida is the CEO of Cash2Bitcoin . He recently joined the Bitcoin.com News Podcast to talk about the business: Ayman Rida is a proud father, husband and graduate of the University of Michigan (finance). In 2016, Rida started Cash2Bitcoin.com as a way to provide service in the exciting, and rapidly changing, crypto space. With more than a decade in merchant card services and standard ATM services, Rida saw a wonderful opportunity in crypto — one that would serve a growing need, and one that would ultimately help grow his portfolio. Today, he is the CEO of one of the United States’ largest crypto kiosk deployers. To learn more about the company visit the website Cash2Bitcoin.com . The Bitcoin.com News podcast features i...

Nonkumbulo Tshombe, an advocate with the Financial Advisory and Intermediary Services (FAIS) Ombud, recently revealed that her office has noted a significant increase in the number of cryptocurrency-related complaints during the 2020/21 financial year. Cryptocurrency Not yet Regulated An advocate with the South African office of the financial services sector ombudsman, Nonkumbulo Tshombe, recently revealed that her organization has recorded a significant increase in the number of crypto-related complaints during the 2020/21 financial year. Despite receiving such complaints, Tshombe is quoted in a report by Moneyweb explaining that her organization could not entertain such inquiries because cryptocurrencies are not yet regulated. “Crypto-assets are not classified as a financial product, which means the product falls outside of this office’s jurisdiction,” explained the advocate. Although South Africa does not yet regulate cryptocurrencies, it has intervened or forced action to be...

Elon Musk, CEO of Tesla, has criticized the current state of the metaverse and the Web3 movement, suggesting the latter concept is a “marketing buzzword.” The crypto influencer also posted a video of David Letterman making fun of the early internet in an interview with Bill Gates, and wondered what the future will bring. Musk Skeptical About Current Web3 Movement CEO of Tesla and known crypto influencer Elon Musk has issued his take on the current state of Web3 and the metaverse movement. Musk is skeptical about the validity of the Web3 movement right now, saying he believes it “seems more marketing buzzword than reality right now.” Web3 and metaverse are terms that encompass a group of concepts including blockchain technologies, smart contracts, and decentralized economies whose aim is to create an alternative reality to the one we live in. This concept, which dates from a long time ago, was revived recently by Meta, the company formerly known as Facebook. Meta wants to help shap...