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Stablecoin USDC Launches on Hedera Network

Circle announced today the launch of its trademark stablecoin USDC on top of the Hedera network. This action is part of the multichain commitment that Circle announced earlier this year, with the objective of further expanding the reach of the currency in the cryptocurrency market. With the addition of USDC as the first stablecoin in its ecosystem, Hedera aims to start developing its own decentralized finance (defi) environment, and it is now offering more than $2.5 billion in ecosystem grants. Circle to Support Hedera-Based USDC Circle, one of the leading crypto payment companies, has announced the launch of usd coin (USDC) on top of Hedera, a high-throughput blockchain network. With this move, Circle customers with a Circle Account will have the opportunity of leveraging the stablecoin on top of Hedera network to make payments and settlements like with any other supported network. The launch of the stablecoin on top of Hedera is part of an expansion strategy established by Circ

Play-to-Earn on Playdapp’s Flagship RPG “Along With the Gods: Knights of the Dawn” in 7 Days

PRESS RELEASE. Fast-rising Blockchain gaming platform PlayDapp has revealed the addition of a Play-to-Earn feature on its flagship game ‘’Along with the Gods: Knights of the Dawn’’. This development is expected to build on the existing features offered by PlayDapp. Play-to-Earn gaming is a rising phenomenon that has gathered steam in recent months. This is due to the positive benefits, as gamers have more freedom to build the gaming economy and receive rewards for transacting in-game assets. PlayDapp’s flagship game, Along with the Gods’’ Knights of the Dawn already has massive traction with thousands of gamers competing for rewards in NFTs. Players can earn on the flagship game by collecting Hero and Rune NFTs and selling them to other players for PLA tokens and other cryptocurrencies. Adding the Play-to-Earn feature will expand the potential for earning, and gamers can now stake PlayDapp Town NFTs for daily and weekly rewards in PLA tokens. To be eligible for daily rewards (5 PLA

Chainalysis Adds Bitcoin to Balance Sheet — Its First Cryptocurrency Acquisition

Blockchain data platform Chainalysis has announced that it is adding bitcoin to its corporate investment portfolio. This is the company’s first acquisition of cryptocurrency, the CEO revealed. Chainalysis is valued at $4.2 billion. Chainalysis’ First Acquisition of Cryptocurrency Blockchain data analytics firm Chainalysis announced Tuesday the addition of bitcoin to its balance sheet. Chainalysis will acquire bitcoin using the brokerage services of the New York Digital Investment Group (NYDIG), the bitcoin investment arm of Stone Ridge Asset Management. NYDIG will also provide custody of the coins purchased. Chainalysis has been NYDIG’s compliance technology partner since 2018. “Digital assets have emerged as an alternative asset class for consumers, enterprises, governments, banks, and financial institutions,” Chainalysis noted, adding that it “is laser-focused on its commitment to building trust in cryptocurrency as a digital asset.” Michael Gronager, co-founder and CEO at Chai

Gary Gensler Explains Why SEC Approves a Bitcoin Futures ETF

SEC Chairman Gary Gensler has shared why the U.S. Securities and Exchange Commission (SEC) decided to approve a bitcoin futures exchange-traded fund (ETF) to trade on the NYSE. Meanwhile, the Commission has not approved a spot bitcoin ETF. Why SEC Approves Bitcoin Futures ETF As the first futures-based bitcoin exchange-traded fund (ETF) in the U.S. debuted on the NYSE, the chairman of the U.S. Securities and Exchange Commission (SEC) explained why the regulator greenlighted a bitcoin futures ETF but not a spot bitcoin ETF. In an interview with CNBC Tuesday, SEC Chairman Gary Gensler reiterated that his agency “should be technology neutral, but not policy neutral.” He elaborated: What we’re trying to do is ensure to the best we can within our authorities to bring projects into the investor protection perimeter. “Bitcoin futures have been overseen by our sibling agency, the Commodity Futures Trading Commission [CFTC], which I was once honored and proud to serve there and that’s b

Coinbase Becomes Exclusive Cryptocurrency Platform for NBA, WNBA, USA Basketball

Cryptocurrency exchange Coinbase has partnered with the National Basketball Association (NBA). The Nasdaq-listed crypto company is now the exclusive cryptocurrency platform partner of the NBA, Women’s National Basketball Association (WNBA), NBA G League, NBA 2K League, and USA Basketball. NBA’s First Cryptocurrency Platform Partnership The Nasdaq-listed cryptocurrency exchange Coinbase and the National Basketball Association (NBA) announced “a multiyear partnership” Tuesday. The partnership “makes Coinbase the exclusive cryptocurrency platform partner of the NBA, Women’s National Basketball Association (WNBA), NBA G League, NBA 2K League and USA Basketball,” the announcement details, adding: The deal, which marks the first cryptocurrency platform partnership for each league, will consist of unique content, innovations, activations and experiences from Coinbase to educate fans on the increasing advancements happening across the cryptoeconomy. The NBA G League, or the G League, i

Proshares Bitcoin Strategy ETF Debut Captures Close to $1 Billion in Volume

The first bitcoin exchange-traded fund (ETF) launched in the United States and smashed records on Tuesday, capturing close to $1 billion in total volume. Eric Balchunas, the senior ETF analyst for Bloomberg said that the Proshares Bitcoin Strategy ETF (BITO) definitely “defied expectations.” Proshares Bitcoin ETF Commands Serious Volume Proshares Bitcoin Strategy exchange-traded fund ( BITO ) did well on its first day, as it closed the day at 4:00 p.m. (EDT) at $41.94 per unit. Meanwhile, the price of bitcoin ( BTC ) soared on Tuesday, tapping a high of $64,367 on the crypto exchange Bitstamp fifteen minutes after the closing bell on Wall Street. As the ETF shares swapped hands on the New York Stock Exchange (NYSE), BITO reached a daily high of over $42. Bloomberg Intelligence analyst James Seyffart tweeted at the end of the day: “Looks like the final tally is gonna be right around ~$990 million in trading for BITO on its first day trading.” Eric Balchunas, the senior ETF analyst

Concierge Service Catering to Crypto Whales Sees 500% Increase in Clients Over the Last 6 Months 

On Tuesday, Concierge.io, the exclusive travel service backed by Travala.com announced it added new luxury services in order to give crypto investors “a more premium experience to live out their travel dreams.” The concierge service for “the crypto world’s elite” details its added experiences like a seven-star igloo in Antarctica, all-inclusive African safaris, and a stay at a Japanese castle. Exclusive Travel Service Adds New Services The firm Concierge.io is the concierge service focused on cryptocurrencies and it leverages professional travel managers in order to provide customers with unique and luxurious experiences. The company is also backed by Travala.com , a crypto-friendly travel service that accepts a myriad of digital assets for payment. On October 19, Concierge.io announced the company has added new exclusive experiences to its luxury travel services so crypto investors can enjoy their riches in style. The firm has detailed it has already provided first-class stays

Chimeras Play-to-Earn Metaverse Completes Successful Funding Round

PRESS RELEASE. Chimeras successfully raised over $2 million in its latest fundraising round, which will help to fund the play-to-earn project’s market and product development. October 18th, 2021 – The Chimeras Play-to-Earn metaverse project has completed its funding round with the participation of leading blockchain venture companies, including Master Ventures, AU 21, Poolz, BullPerks, X21, OIG Invest, Panda Capital, Shima Capital, LVT Capital, Otis Capital and Lotus Capital. The round successfully raised over $2 million which the Chimeras team has earmarked for the metaverse’s product development and marketing campaigns, including the launch of its brand native token, CHIM. The team is also announcing the upcoming Chimeras initial DEX offering (IDO) on the Ignition , Poolz , and BullPerks platforms. The Poolz platform IDO will take place on October 26th, followed by the Ignition and BullPerks IDOs two days later on October 28th. Additionally, Chimeras are in the process of nego

Iran to Pilot ‘National Cryptocurrency,’ Amend Central Bank Law

The central bank of Iran is gearing up to begin the pilot phase of its digital currency project in the near future, its new head announced to representatives of local media. The monetary authority is also preparing to move forward with a plan to reform the legislation that governs its own activities. Iran Preps Pilot for Sovereign Digital Currency The “national cryptocurrency” of Iran will enter its pilot stage soon, the recently appointed Governor of the Central Bank of Iran ( CBI ) Ali Salehabadi has unveiled. Speaking to reporters after his first meeting with lawmakers, the high-ranking official said the regulator is now studying potential risks and benefits associated with the initiative. Quoted by IRIB News and the Financial Tribune, he explained: The pilot trial will start, once the Money and Credit Council approves it. Salehabadi, who has been heading the CBI since Oct. 6, did not provide any further details regarding the Iranian central bank digital currency ( CBDC ). Ac

BTC Futures Open Interest Soars Leading up to Bitcoin ETF’s Official Launch

Prior to the launch of the Proshares Bitcoin Strategy ETF (BITO), open interest in bitcoin futures products has been surging since the start of the month, according to data from the Coinbase Institutional arm Skew Analytics. Binance and FTX command the lion’s share of bitcoin futures’ open interest with 40.67% of the market. Moreover, data from bybt.com’s bitcoin futures’ open interest metrics, shows the Chicago Mercantile Exchange (CME) commands 15.54% of all the open interest in bitcoin futures tallied this week. Bitcoin Futures Open Interest Has Risen Significantly On Tuesday, October 19, 2021, the first exchange-traded fund based on bitcoin futures was launched in the United States. So far, Proshares Bitcoin Strategy ETF ( BITO ) is trading above the ETF’s initial value when the opening bell kick-started trading. Since the first bitcoin ETF is based on BTC derivatives markets, prior to the launch a large influx of bitcoin futures open interest was recorded by a number of analy

As DOGE, SHIB Markets Fall Back, Baby Doge Coin and Dogelon Mars Prices Skyrocket

Following shiba inu’s 260% gains during the last 30 days, the third-largest meme-based crypto asset in terms of market capitalization, baby doge coin (BABYDOGE), has taken the lead in terms of market performance. Another meme asset, dogelon mars (ELON) has soared 286% this past week. Moreover, during the last seven days, baby doge coin’s price spiked 40% in value and over 3.4% in the last 24 hours. This Past Week Dogelon Mars and Baby Doge Coin Soared in Value While bitcoin ( BTC ) has spiked over the $60K zone and currently rests above $62K per unit, a number of other crypto-assets have followed the leading digital currency’s rise. The original and popular meme-based crypto-asset dogecoin (DOGE) has increased in value 6.4% during the last week, but two other meme cryptos have skyrocketed in recent times. As far as the top meme-based crypto assets, in terms of market capitalization, two unique tokens have seen massive gains. The spikes in value follow the second-largest meme-based

Hindu Paramilitary Group Calls on Indian Government to Regulate Cryptocurrencies

Hindu nationalist group Rashtriya Swayamsevak Sangh (RSS) has called on the Indian government to regulate cryptocurrencies. “The government has to ensure that it is regulated in the larger interest of the society,” the group reportedly said. Rashtriya Swayamsevak Sangh Calls for Crypto Regulation Mohan Bhagwat, head of the Rashtriya Swayamsevak Sangh (RSS), said during his speech at an annual event marking the Hindu festival of Dussehra Friday: Clandestine, uncontrolled currency like bitcoin has the potential to destabilize the economy of all countries and pose serious challenges. The RSS is a Hindu nationalist paramilitary group founded in 1925 by Dr. Keshav Baliram Hedgewar in Nagpur. According to the group’s website, any Hindu male can become a member of the group by attending an RSS shakha, a daily gathering. There is no formal membership procedure and there are no fees to join. The group’s website further states that the RSS does not keep a record of the number of members.

ZoidPay Chrome Extension Lets Shoppers Buy with Crypto on Amazon, eBay and 40M+ Online Retailers

PRESS RELEASE. The ZoidPay Chrome extension will allow users to spend their cryptocurrencies on products, pay subscriptions, and even book flights with 40 + million online retailers. October 19th, 2021, Bucharest, Romania — ZoidPay has announced the launch of its Chrome Extension, allowing millions of users to shop using various cryptocurrencies with all online merchants across the world. Shop Easier than Ever Before The ZoidPay Chrome Extension is platform agnostic, letting shoppers connect to it using any digital wallet. Currently being rolled out in phases, the Chrome Extension will be available globally by November 2021. It promises to bridge the gap in making crypto adoption mainstream. Users can choose from any major cryptocurrency to make payments for their purchases on Walmart, Alibaba, MediaMarkt, Lazada, and eMag to name a few. Through the Chrome Extension, ZoidPay offers instant liquidity of up to $1 billion for crypto assets per day. Eduard Oneci, CEO and Co-found

Fraud-Accused South African Bitcoin Trader to Turn Himself Over to Police: Report

Sandile Shezi, the young South African bitcoin trader who is facing fraud charges, has denied allegations he scammed shareholders in his Global Forex Institute. Shezi: Shareholders Signed Up for Education, Not Investments Despite his rejection of the allegations, a spokesperson for the country’s police told the Sunday Times newspaper that Shezi has agreed to turn himself in. As reported by Bitcoin.com News, a warrant for Shezi’s arrest had been issued after two aggrieved investors reported the bitcoin trader to the South African police. Now, as he contemplates turning himself in, Shezi — who is referred to as South Africa’s youngest millionaire — has also launched a spirited defense of his actions. He further beat back suggestions that the Global Forex Institute is a financial services provider. According to a report by the Sunday Times, Shezi said: These shareholders signed up, not for investments, but our education programme. Our training includes technical analysis, fundamen

Brazilian Asset Manager Kinea Makes Exploratory Investment in Ethereum

One of the biggest asset managers in Brazil, Kinea, disclosed it made an exploratory investment in Ethereum. The announcement was made by Marco Aurélio Freire, manager of funds for Kinea, who stated the company had invested a small amount of its holdings in ethereum starting two months ago. Kinea, the investment arm of Banco Itau, has more than R$56 billion (about $10.2B) in assets under management. Kinea Looks Into Crypto Investments Kinea, one of the leading asset managers in Brazil, has made an exploratory investment in the cryptocurrency world. The company, which has a vast amount of assets under management, chose to invest in ethereum instead of in the most popular choice, bitcoin. Marco Aurélio Freire, manager of the funds of the company, declared to local media the investment was made two months ago. Freire did not disclose the amount of the investment but did say it was a small amount to test the market. Freire believes in the role of cryptocurrencies as a necessary asset

National Police in Spain Warn of Surge in Cryptocurrency-Related Scams

The National Police have issued a warning for a wave of cryptocurrency-related investment scams in Spain. The amount that has been lost in these kinds of investments recently is €240,000 related to just two complaints. However, there has been a rise in the complaints presented by citizens due to the popularity that these financial instruments are experiencing now. National Police Warn About Crypto Scams in Spain The National Police of Spain has issued a warning to citizens about the rise of cryptocurrency-related scams in the last few days. In the two more recent complaints the national police have received alone, crypto investors have lost €240,000 (~$278,385). These two complaints stem from the city of Navarra. This happens because the market is flooded with companies that offer cryptocurrency investment opportunities guaranteeing a high level of returns. But to guarantee these returns, the companies ask for high amounts of money as an investment. Many of these companies have pr

FinCEN Links More Than $5 Billion in Bitcoin Transactions to Ransomware

FinCEN, the U.S. Financial Crimes Enforcement Network, linked more than $5 billion in bitcoin transactions to the most common ransomware variants out there. The organization stated in a report issued last week that the mean average total monthly suspicious amount of ransomware transactions was $66.4 million during the first two quarters of 2021. FinCEN also determined that the most used cryptocurrency associated with these activities was bitcoin. FinCEN Dives Into Ransomware Attacks FinCEN, the U.S. Financial Crimes Enforcement Network, found that more than $5 billion in bitcoin transactions were linked to payments made to the top-ten most popular ransomware variants. These findings were published by the institution in a report titled “Ransomware Trends in Bank Secrecy Act Data Between January 2021 and June 2021,” which summarizes the ransomware activity during the first two quarters of the year. The report, which examines ransomware trends and their critical effect on infrastruc

Microstrategy CEO Advises Nigeria and Zimbabwe to Adopt Bitcoin Standard, Says BTC Is ‘Kingmaker’

Microstrategy CEO Michael Saylor has suggested Nigeria and Zimbabwe issue currencies that are backed by bitcoin if they want to fix their economies. He surmised that using the bitcoin standard will end starvation and allow citizens of both countries to have a decent life. National Currencies Backed by Bitcoin In a video clip where he also addresses claims that the Bitcoin network cannot scale, Saylor suggests that if Nigeria and Zimbabwe purchase bitcoins worth $2-3 billion, they could well end the currency woes they presently face. Saylor explained: You wanna fix your country like Nigeria, or Zimbabwe? The way you fix your country is you buy $2 billion, $3 billion worth of bitcoin and you issue currency backed by the bitcoin. That is the bitcoin standard. And every one of your citizens stops starving to death. And they live a decent life. Bitcoin as ‘the Kingmaker’ Before mentioning Nigeria and Zimbabwe, Saylor, whose company now holds more than 114,000 bitcoins, also ident

Charity and Community Focused Project ‘TheFloorNFT’ Announces New Artistic Collectibles on Ethereum

PRESS RELEASE. The Floor NFT’s are fresh, hand-drawn, non-PFP (Profile Picture), artistic collectibles on the Ethereum Blockchain, crafted with love by DAHR in his pleasing cartoonish art style. Only 7777 provably rare artworks were generated from 150 traits/attributes in order to gather together a first-ever NFT condominium community. The Floor NFT spawned from the idea of wanting to give back to the world, what the NFT community has given to the founders of the project in the form of a charity based project. The Floor NFT tries to capture the rift between different classes and environments in society. In some images you have the toxic smoggy background with dilapidated buildings which vary from slums to wrecks. On the flip side, some of the Floor NFTs will feature perfect sunny backgrounds with luxurious penthouses in the foreground with diamonds and gold plated walls. With the roots of the project being focused on charity, The Floor NFT has set aside $77,777 to go to a community

Financial Advisors Managing $110 Trillion Can Now Offer Crypto Trading to Clients via Interactive Brokers

Registered investment advisors (RIAs) with about $110 trillion under management can now offer their clients cryptocurrency trading through Interactive Brokers. RIAs manage portfolios of almost 61 million clients. Registered Investment Advisors Can Now Offer Cryptocurrencies to Clients Global investment firm Interactive Brokers Group (Nasdaq: IBKR) announced Monday the launch of cryptocurrency trading for registered investment advisors (RIAs) in the U.S. This offering will enable RIAs to “trade and custody bitcoin ( BTC ), ethereum ( ETH ), litecoin ( LTC ) and bitcoin cash ( BCH ) via Paxos Trust Company on behalf of clients.” They will be able to manage their clients’ crypto holdings alongside traditional investments, including stocks, options, futures, bonds, mutual funds, and exchange-traded funds (ETFs). Nearly 14,000 investment advisors registered with the U.S. Securities and Exchange Commission (SEC) have reported nearly 61 million clients in 2020, according to a joint study

NY Attorney General Targets 5 Crypto Companies: 2 Lending Platforms Ordered to Shut Down

New York Attorney General Letitia James has ordered two cryptocurrency lending platforms to shut down and requested three other platforms to answer questions regarding their activities immediately. The letters to the companies published on the attorney general’s website indicate that the two platforms are Nexo and Celsius Network. New York Cracks Down on Unregistered Crypto Lending Platforms New York Attorney General (NYAG) Letitia James announced Monday her new efforts to crack down on unregistered cryptocurrency companies. In New York, lending platforms must register with the Office of the Attorney General (OAG) to operate in the state or offer products to its residents. The announcement details: Today, Attorney General James directed two of these lending platforms to immediately cease their unregistered and unlawful activities in New York and directed three other platforms to immediately provide information about their activities and products. The notice explains that crypto

Grayscale Confirms Plan to Convert GBTC Into Bitcoin ETF

Grayscale Investments has confirmed its plan to file for its bitcoin trust (GBTC) to be converted into a bitcoin exchange-traded fund (ETF). “The NYSE Arca will file a document called the 19b-4 to convert GBTC into an ETF,” said Grayscale’s official. GBTC to Become Bitcoin ETF Grayscale Investments has confirmed that it will convert its flagship product, Grayscale Bitcoin Trust (GBTC), into a bitcoin exchange-traded fund (ETF). Jennifer Rosenthal, Grayscale’s communications director, tweeted Monday: Today, I’m happy to confirm that Grayscale will file for GBTC to be converted into an ETF as soon as there’s a clear, formal indication from the SEC. She described: “Grayscale’s position has always been clear: we are 100% committed to converting GBTC — and our product family — into ETFs, when the SEC has formally expressed their requisite comfort with the underlying bitcoin market.” The Grayscale communications director added that there are positive developments within the SEC, incl

Top Ten Crypto Market Capitalizations Shifted a Great Deal Since the Last Time BTC Hit $60K

The price of bitcoin recently jumped above the $60,000 per unit mark on October 15, and the leading crypto asset has not seen prices this high since mid-April six months ago. However, as far as the top digital assets are concerned, in terms of market capitalization, things are a whole lot different. For instance, ether tokens are worth a lot more than they were six months ago and binance coin values were higher back then than they are today. Six Months Later as Bitcoin Returns to $60K, Some Crypto Coins Trade for More Value, While Others Trade for Less On April 11, 2021, statistics from coinmarketcap.com ’s historical snapshot data show that on that day, bitcoin ( BTC ) exchanged hands for $60,204 per unit. BTC also reached an all-time high three days later on Apr 14, 2021, at $64,804 per coin that week. The data from the historical snapshot indicates that ethereum ( ETH ) was swapping for $2,157 per coin on April 11 and today, a single ether is trading for $3,761 per unit. The st

BEUROP Launches DeFi Trading and Marketing Platform for Blockchain Startups

PRESS RELEASE. Blockchain Euro Project BEUROP has announced the launch of its DeFi trading and Marketing platform for cryptocurrency startups and everyday users. Monday 18th, London, England — Following the launch of it’s deflationary BEPR token, Blockchain Euro Project ( BEUROP ) is preparing to establish its first product: a DeFi crypto trading and marketing platform for developing blockchain industry startups. What is BEUROP? BEUROP is a European blockchain-powered company that focuses on making cryptocurrency startups transparent, efficient, and reliable. The company’s new flagship product is a DeFi trading & marketing platform that will help legitimize emerging companies, tokens, and blockchain projects; while offering token holders potential income, and liquidity. DeFi & Marketing Platform The BEUROP platform aims to integrate projects in the DeFi, NFT, CeFi, Gaming, and Business space into its ecosystem, while also providing benefits to regular crypto users. The
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