Bitcoin News and Finance: What You Need to Know

Crypto firms in Uzbekistan will have to pay fees to the state under new legislation proposed by regulators. The charges vary depending on the business activity and can reach $11,000 a month in the case of digital asset exchanges. Failure to pay will result in license suspension. Crypto Operators in Uzbekistan to Be Charged Fixed Fees for Their Business Activities Authorities in Uzbekistan have adopted a law which obliges entities working with cryptocurrencies to make special contributions to the state budget. The legislation, put forward by the country’s main crypto regulatory body, has come into force after registration with the Ministry of Justice, as required. According to the bill authored by the National Agency of Perspective Projects (NAPP) under the President of Uzbekistan, licensed crypto companies will have to pay the charges each month. Different rates have been set for the various categories of cryptocurrency operators. Crypto exchanges, for example, will be charged th...

Juno, the Singapore-based Web3 crypto firm that offers customers checking accounts tied to crypto assets, has raised $18 million in a Series A financing round led by Parafi Capital. The fresh capital follows the startup’s seed round in 2019 when Juno raised $3 million from investors. Juno Raises $18 Million in a Funding Round Led by Parafi Capital, Crypto Startup Reveals Loyalty Token The Web3 crypto startup Juno is a digital currency company that provides clients with the ability to create a checking account by leveraging crypto assets. On October 1, it was revealed that the company has raised $18 million in a Series A funding round led by Parafi Capital. According to the announcement, Juno’s Series A investors also included 6th Man Ventures, Hashed, Sequoia India’s Surge, Greycroft, Jump Crypto, and Uncorrelated Fund. Varun Deshpande, the co-founder and chief executive officer of Juno, told Tech Crunch reporter Manish Singh the firm has “has reached $1 billion in annualized tra...

Quant moved close to a six-month high on Saturday, as the token remained in the green for a second consecutive session. The rally comes as prices are now up by over 25% in the last seven days. Dogecoin was also in the green, as prices moved higher for a third consecutive day. Quant (QNT) Quant (QNT) was one of the notable gainers to start the weekend, as prices moved closer to a six-month high. QNT/USD raced to an intraday high of $146.52 on Saturday, less than a day after trading at a low of $138.40. Today’s high was marginally below Friday’s peak of $147.00, which is the strongest point that quant had hit since March 29. Looking at the chart, the move comes as the relative strength index (RSI) broke out of a ceiling at 73.00. As of writing, the index is tracking at 75.81, which is deep in overbought territory, and could act as a signal for bears to reenter the market. The 10-day (red) moving average continues to remain higher, however, bulls will likely begin to consider secu...

After a move above $20,000 on Friday, bitcoin was back in the red on Saturday, as prices fell close to a key support point. As a result of this move the token has been largely unchanged in the last week, with price up 0.87% in the last seven days. Ethereum was also lower to start the weekend. Bitcoin Bitcoin ( BTC ) fell below $20,000 to start the weekend, as bearish sentiment returned following a brief rally late on Friday. Following the release of the University of Michigan Consumer Sentiment report for September, which showed improvement from the previous month, BTC surged to a peak of $20,109.85. However on Saturday, the token slipped to an intraday low of $19,238.12, falling below its floor of $19,300 in the process. Looking at the chart, the move comes as the 14-day relative strength index (RSI) continues to move away from its ceiling at 49.00. As of writing, the index is tracking at 45.45, which is close to another support point near the 44.00 region. Should this floor ...

Laliga, the premier soccer league organization in Spain, has announced a partnership with Globant, an Argentine software giant, to bring Web3 and metaverse experiences to its fans. The partnership will combine Globant’s tech resources with Laliga’s tech division in order to build products to expand the reach of the organization in the digital realm. Laliga Enlists Globant’s Aid to Build Its Metaverse Stack Big sports organizations are getting closer to the digital world as a way of reaching new fans and offering new interaction possibilities for their users. Laliga, the premier soccer league organization in Spain, recently announced a partnership that will serve to expand the digital reach of the company. The organization partnered with Globant, a Buenos Aires-based software giant, to build metaverse and Web3 experiences for current fans and new users. These new additions would come to complement the current digital offer of Laliga’s tech division, which currently includes fantasy...

The largest decentralized exchange (dex) platform by global trade volume, Uniswap, is looking to raise between $100 and $200 million, according to a report citing people familiar with the company. The funding round is currently in a nascent stage as the report claims Uniswap has been “engaging with a number of investors.” Sources Say Uniswap Is Eyeing a Fresh Capital Raise From Investors Like Polychain According to four unnamed sources familiar with the matter, Uniswap is eyeing fresh capital from investors. The news stems from a report published by Tech Crunch reporter Manish Singh who cites the parties familiar with Uniswap’s business dealings. Singh says the sources claim that the decentralized exchange (dex) startup is “engaging with a number of investors” and one of them is Polychain Capital. Uniswap is seeking roughly $100 to $200 million in fresh capital and could print a post-valuation of around $1 billion. To date, Uniswap has raised around $12.8 billion from investors. F...

New sanctions discussed by EU member states amid the current escalation of the conflict in Ukraine are going to restrict European crypto services for Russians. Reports about the tightening have come after earlier this year the Union banned only “high-value” crypto-asset services to Russian residents and companies. EU Expected to Target Crypto Services for Russians in New Round of Sanctions Over Ukraine The European Union is preparing to punish Russia with more sanctions over its decision to announce partial mobilization as part of its escalating military intervention in Ukraine and moves to annex occupied Ukrainian territories through what are seen as sham referendums. The package will hit trade in the first place, with European Commission President Ursula von der Leyen announcing intentions to impose a new ban on Russian imports as well as the export of technologies that could be employed by the Russian military. A price cap for Russian oil is planned, too. The new measures would...