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Cosmos liquid staking protocol pSTAKE raises $10 million in seed funding

Source Node: https://www.theblockcrypto.com/post/124454/pstake-persistence-cosmos-liquid-staking-protocol-seed-funding?utm_source=rss&utm_medium=rss
Time Stamp: November 16, 2021 9:00 AM - Modified On: November 16, 2021 - Published By:
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pSTAKE, a liquid staking protocol from blockchain startup Persistence, has raised $10 million in a seed funding round.Three Arrows Capital, Galaxy Digital, Sequoia Capital India, and DeFiance Capital co-led the round, with Coinbase Ventures, Tendermint Ventures, Kraken Ventures, Alameda Research, and Sino Global Capital also participating. Several angel investors, including Aave's Ajit Tripathi, Terra founder Do Kwon and Alpha Finance co-founder Tascha Punyaneramitdee, also backed the round. Crypto staking infrastructure providers, including Stake.fish, Figment Fund, Everstake, and Chorus One, also joined the round. This was pSTAKE's first fundraise and was

Bitcoin price drops nearly 10% in 24 hours, dips below $60,000

Source Node: https://www.theblockcrypto.com/post/124439/bitcoin-price-drops-nearly-10-in-24-hours-dips-below-60000?utm_source=rss&utm_medium=rss
Time Stamp: November 16, 2021 6:07 AM - Modified On: November 16, 2021 - Published By:
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Quick Take The price of bitcoin has declined nearly 10% in the last 24 hours. It fell below $59,000 but has since rebounded slightly. advertisement The price of bitcoin has declined nearly 10% in the last 24 hours, dipping significantly below $60,000 before bouncing back. The drop seems to be triggered by the infrastructure bill signed by U.S. President Joe Biden yesterday, Darius Sit, co-founder of crypto trading firm QCP Capital told The Block. The bill includes tax reporting provisions that require crypto exchanges to report information to both the

Bank of England’s Cunliffe: Crypto Threat to Financial Stability ‘Getting Closer’ — Urges Regulators to Act Now

Source Node: https://news.bitcoin.com/bank-of-englands-cunliffe-crypto-threat-financial-stability-urges-regulators-to-act-now/
Time Stamp: November 16, 2021 1:30 AM - Modified On: November 16, 2021 - Published By:
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Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that cryptocurrency is getting closer to posing a threat to global financial stability due to the sector’s rapid growth. Crypto is also being integrated into the traditional financial system at a rapid rate. He urges regulators to take action now. Bank of England’s Jon Cunliffe Warns Crypto Is Closer to Becoming a Threat to Global Financial Stability Sir Jon Cunliffe, Bank of England’s deputy governor for financial stability, talked about bitcoin and cryptocurrencies in general on BBC’s

‘Big Short’ Investor Michael Burry Says ‘I’ve Never Shorted Any Cryptocurrency’ — Warns of the Biggest Bubble

Source Node: https://news.bitcoin.com/big-short-investor-michael-burry-never-shorted-any-cryptocurrency-warns-biggest-bubble/
Time Stamp: November 15, 2021 9:30 PM - Modified On: November 15, 2021 - Published By:
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Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says that he has never shorted any cryptocurrency. He further warned that the current bubble is the biggest one. Michael Burry on Bubbles and Shorting Cryptocurrencies Famous investor and founder of private investment firm Scion Asset Management, Michael Burry, has confirmed on Twitter that he has never shorted cryptocurrency. Burry is best known for being the first investor to foresee and profit from the U.S. subprime mortgage crisis that occurred between 2007 and 2010. He is profiled in

Paradigm Launches $2.5 Billion Venture Fund to Invest in Next Generation of Crypto Companies and Protocols

Source Node: https://news.bitcoin.com/paradigm-launches-2-5-billion-venture-fund-invest-next-generation-crypto-companies-protocols/
Time Stamp: November 15, 2021 7:30 PM - Modified On: November 15, 2021 - Published By:
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Investment firm Paradigm has launched a $2.5 billion venture fund to invest in the next generation of crypto companies and protocols. The firm believes that the “new fund and its size are reflective of crypto being the most exciting frontier in technology.” $2.5 Billion Fund for Crypto Industry Investment firm Paradigm announced Monday the launch of a $2.5 billion venture fund to invest in the next generation of crypto companies and protocols. Matt Huang and Fred Ehrsam, who co-founded Paradigm in 2018, explained: Our conviction in these beliefs has only

Lumenswap launches first round of its lottery!

Source Node: https://ambcrypto.com/lumenswap-launches-first-round-of-its-lottery/
Time Stamp: November 15, 2021 2:00 AM - Modified On: November 15, 2021 - Published By:
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Lumenswap is a decentralized exchange handling the swapping and trading of digital assets. It is built on the Stellar blockchain and allows users to seamlessly spot trade through its exchange. Users get the chance to create their own trading pairs and trade on a distributed network apart from the already available trading pairs. It also has an order limit feature that allows for the proper execution of trades. Lumenswap also has a swap service that gives users the best rates on assets such as the ETH, LSP (Lumenswap token), USDC,

FATF Guidance: NFTs Should Be Regulated Case-by-Case

Source Node: https://bitpinas.com/regulation/fatf-nft-guidance-2021/
Time Stamp: November 14, 2021 9:59 PM - Modified On: November 14, 2021 - Published By:
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Share some Bitpinas love:By Hans DoringoIn a recently released updates to the Financial Action Task Force’s (FATF) guidance for virtual assets and virtual asset service providers (VASPs), the body clarified that Non-Fungible Tokens (NFT) does not fit the definition for virtual assets (VA) but would still be covered by FATF standards under certain cases.What is the FATF’s Position on NFTs?Last March 2021, FATF published a draft of the guidance addressing concerns about NFT as its market grows. In the said draft, it was vaguely stated that NFTs can be considered

What is the FATF Guidance on DeFi?

Source Node: https://bitpinas.com/regulation/fatf-defi-guidance/
Time Stamp: November 14, 2021 9:41 PM - Modified On: November 14, 2021 - Published By:
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Share some Bitpinas love:By Hans DoringoThe Financial Action Task Force (FATF), an intergovernmental anti-money laundering watchdog, released last October 28, 2021, revisions and updates to its virtual asset guidance for virtual asset service providers (VASPs) which was first issued in 2019.In keeping with the feedback and reviews concerning the uncertainty of how the FATF would apply its VASP standards to decentralized finance (DeFi), the body proceeded on finalizing the guidance during its plenary meeting that lasted until October. The updated version of the guidance includes clarifications on FATF’s proposal to

What if Bitcoin Taproot follows SegWit’s path of adoption

Source Node: https://ambcrypto.com/what-if-bitcoin-taproot-follows-segwits-path-of-adoption/
Time Stamp: November 14, 2021 6:30 PM - Modified On: November 14, 2021 - Published By:
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Bitcoin Taproot is finally live, a network upgrade that has been four years in the making. It was first put forward by Greg Maxwell, cryptographer and developer, in 2018 after SegWit was implemented on 24 August 2017. SegWit was the first major BTC soft fork update, which wasn’t taken all too well by the community. Now, four years later, the ecosystem has another update in store to improve the privacy, scalability, and security of the network. In this article, we will try to draw a possible adoption roadmap for Taproot

Cryptoday 058 – Paano Kumita Gamit ang Katana Dex ng Axie Infinity (Part 2)

Source Node: https://bitpinas.com/op-ed/cryptoday-058-katana-ronin-dex-part-2-tagalog/
Time Stamp: November 13, 2021 11:55 PM - Modified On: November 13, 2021 - Published By:
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Share some Bitpinas love:Isang linggo na ang nakakaraan simula ng lumabas ang Katana, ang decentralized exchange ng Sky Mavis. Ngayon ay mayroon na akong sapat na impormasyon upang makapagbigay ng mga praktikal na payo. Narito ang TLDR; Hindi natin maaaring husgahan ang maaaring kitain sa Katana base lamang sa trading fees. Kapag ginawa natin ito, mag-mimistulang mas mababa ang kita dito kumpara sa AXS staking. Ang tanging paraan upang masuri ito ay ang pag estima ng halaga sa hinaharap ng $RON rewards. At lubos na magiging teknikal ang usaping ito!This

Crypto ETP Provider ETC Group Crosses $2 Billion Worth of AUM

Source Node: https://www.financemagnates.com/cryptocurrency/news/crypto-etp-provider-etc-group-crosses-2-billion-worth-of-aum/
Time Stamp: November 10, 2021 8:31 AM - Modified On: November 10, 2021 - Published By:
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ETC Group, a provider of institutional-grade digital asset-back securities, now has more than $2 billion worth of crypto assets under management (AUM). The company achieved the milestone for the first time in its history.ETC Group’s Bitcoin ETP alone accounts for more than $1.6 billion worth of AUM. In the last 10 months, the overall value of ETC Group’s AUM increased sharply due to a surge in the popularity of crypto trading products.As part of its expansion plan, ETC Group recently hired ETF expert Tim Bevan as co-CEO, Julian Kelly as