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U.S. Banks Entering Cryptocurrency Adds Real Legitimacy To The Industry

Source Node: https://beincrypto.com/u-s-banks-entering-cryptocurrency-adds-real-legitimacy-to-the-industry/
Time Stamp: November 2, 2021 9:00 AM - Modified On: November 2, 2021 - Published By:
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Republished By Plato

The United States government is once again adding more legitimacy and credibility to the rapidly growing cryptocurrency industry. This is through clear regulations that will further incorporate the sector into the country’s financial system and economy. Sponsored Sponsored In an interview with Reuters, Jelena McWilliams, chair of the Federal Deposit Insurance Corp. (FDIC), said that banks must be allowed to hold crypto on their balance sheets, provide custodial accounts in digital assets and facilitate crypto trading for clients. Thus, demonstrating the rapid rise of digital assets this year. In addition to

Gaming Giant Ubisoft Mentions Blockchain in Recent Earnings Report

Source Node: https://news.bitcoin.com/gaming-giant-ubisoft-mentions-blockchain-in-recent-earnings-report/
Time Stamp: November 2, 2021 8:30 AM - Modified On: November 2, 2021 - Published By:
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Republished By Plato

Ubisoft, one of the biggest gaming companies in the entertainment world, mentioned blockchain as one of the key points of focus for the future of the brand. The company said it is exploring blockchain as an innovative technology to be included in games in its latest earnings report. While blockchain’s play-to-earn trend has experienced a boom this year, the traditional gaming industry still has yet to embrace blockchain as part of a flagship product. Ubisoft to Explore Blockchain for Future Products Ubisoft, the gaming giant known for mega-successful franchises like

Paraguay Eyed as New Bitcoin Mining Destination

Source Node: https://www.bitcoinnewsminer.com/paraguay-eyed-as-new-bitcoin-mining-destination/
Time Stamp: November 2, 2021 5:38 AM - Modified On: November 2, 2021 - Published By:
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Republished By Plato

Paraguay is one of the destinations being considered by various companies for setting up their bitcoin mining operations. Last week, Chinese company Future Fintech announced formal plans to build a bitcoin mining facility in the country, explaining they were determining the best location for the upcoming farm. In June, local media declared that there were eight Chinese economic groups interested in coming to the country. Paraguay Considered for Its Bitcoin Mining Potential Paraguay, an often overlooked country of South America, has recently been in the sights of mining institutions interested

DCG Reaches $10 Billion Valuation in Secondary Sale Led by Softbank and Capitalg

Source Node: https://www.bitcoinnewsminer.com/dcg-reaches-10-billion-valuation-in-secondary-sale-led-by-softbank-and-capitalg/
Time Stamp: November 2, 2021 5:38 AM - Modified On: November 2, 2021 - Published By:
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Republished By Plato

Digital Currency Group (DCG), a Manhattan-based, crypto-focused VC conglomerate, has reached a $10 billion dollar valuation in a secondary sale where existing investors sold part of their shares to new ones. The funding round was led by Softbank and also included participation from Capitalg, Google’s investment firm. $700 million worth of shares changed hands via the sale. Digital Currency Group Sells $700 Million in Secondary Sale Round Digital Currency Group (DCG), a crypto-focused company, announced a secondary sale where existing investors sold part of their shares to newcomers to the

‘Bitcoin Is Worth Zero’ — Kenyan Communication Strategist Warns African Investors to Be Wary

Source Node: https://www.bitcoinnewsminer.com/bitcoin-is-worth-zero-kenyan-communication-strategist-warns-african-investors-to-be-wary/
Time Stamp: November 2, 2021 5:38 AM - Modified On: November 2, 2021 - Published By:
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Republished By Plato

A Kenyan communications strategist, Mwotia Ciugu, has told African investors to be wary of investing in bitcoin which he claims is worth zero. Bitcoin Structurally Incapable of Delivering on Its Promise In an op-ed published by The Elephant, Ciugu insists bitcoin (BTC) is structurally incapable of delivering on its promise of becoming an alternative store of value or a hedge against inflation. In addition, the strategist also claims bitcoin fails both as a currency and an investment. Although he concedes that Africa has one of the highest cryptocurrency adoption rates,

Paraguay Eyed as New Bitcoin Mining Destination

Source Node: https://news.bitcoin.com/paraguay-eyed-as-bitcoin-mining-destination/
Time Stamp: November 2, 2021 5:30 AM - Modified On: November 2, 2021 - Published By:
Source Cluster:
Republished By Plato

Paraguay is one of the destinations being considered by various companies for setting up their bitcoin mining operations. Last week, Chinese company Future Fintech announced formal plans to build a bitcoin mining facility in the country, explaining they were determining the best location for the upcoming farm. In June, local media declared that there were eight Chinese economic groups interested in coming to the country. Paraguay Considered for Its Bitcoin Mining Potential Paraguay, an often overlooked country of South America, has recently been in the sights of mining institutions interested

DCG Reaches $10 Billion Valuation in Secondary Sale Led by Softbank and Capitalg

Source Node: https://news.bitcoin.com/dcg-reaches-10-billion-valuation-in-secondary-sale-led-by-softbank-and-capitalg/
Time Stamp: November 2, 2021 2:30 AM - Modified On: November 2, 2021 - Published By:
Source Cluster:
Republished By Plato

Digital Currency Group (DCG), a Manhattan-based, crypto-focused VC conglomerate, has reached a $10 billion dollar valuation in a secondary sale where existing investors sold part of their shares to new ones. The funding round was led by Softbank and also included participation from Capitalg, Google’s investment firm. $700 million worth of shares changed hands via the sale. Digital Currency Group Sells $700 Million in Secondary Sale Round Digital Currency Group (DCG), a crypto-focused company, announced a secondary sale where existing investors sold part of their shares to newcomers to the

‘Bitcoin Is Worth Zero’ — Kenyan Communication Strategist Warns African Investors to Be Wary

Source Node: https://news.bitcoin.com/bitcoin-is-worth-zero-kenyan-communication-strategist-warns-african-investors-to-be-wary/
Time Stamp: November 2, 2021 12:30 AM - Modified On: November 2, 2021 - Published By:
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Republished By Plato

A Kenyan communications strategist, Mwotia Ciugu, has told African investors to be wary of investing in bitcoin which he claims is worth zero. Bitcoin Structurally Incapable of Delivering on Its Promise In an op-ed published by The Elephant, Ciugu insists bitcoin (BTC) is structurally incapable of delivering on its promise of becoming an alternative store of value or a hedge against inflation. In addition, the strategist also claims bitcoin fails both as a currency and an investment. Although he concedes that Africa has one of the highest cryptocurrency adoption rates,

Regulated Bitcoin Futures In LatAm: Argentina Considers Proposal

Source Node: https://bitcoinist.com/regulated-bitcoin-futures-in-latam-argetina-considers-proposal/?utm_source=rss&utm_medium=rss&utm_campaign=regulated-bitcoin-futures-in-latam-argetina-considers-proposal
Time Stamp: November 1, 2021 5:04 PM - Modified On: November 1, 2021 - Published By:
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Republished By Plato

A petition to launch regulated Bitcoin futures and options in Argentine pesos has been submitted by Matba Rofex, Argentina’s largest futures market, to the National Securities Commission (CNV). Matba Rofex is the most prominent market for futures and options in Argentina. They currently have a BTC MtR index expressed in Argentinian Pesos (ARS) calculated every 1 minute.  They have also shown interest in the direct investments of crypto-assets and startups. This petition was just disclosed to the public by the members of Matba Rofex, but the deputy general manager of

CBDC Likely, But Not With Blockchain Says Former Boston Fed President

Source Node: https://beincrypto.com/cbdc-likely-not-blockchain-former-boston-fed-president/
Time Stamp: October 18, 2021 1:40 AM - Modified On: October 18, 2021 - Published By:
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Eric Rosengren, former President of the Federal Reserve Bank of Boston made a public statement making the concept of a central bank digital currency (CBDC) for the USA a little more clear. However, be believes that blockchain will not be involved.Sponsored Sponsored In Rosengren’s comments on the potential of a US CBDC, he suggests that it will exist in the future. He also said because it would require an agreement between the White House, Congress, and the Fed, that it could take a long time. Interestingly, Rosengren clarifies that a

Terra to Apply Columbus 5 Mainnet Migration

Source Node: https://news.bitcoin.com/terra-to-apply-columbus-5-mainnet-migration/
Time Stamp: September 30, 2021 8:30 AM - Modified On: September 30, 2021 - Published By:
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Republished By Plato

Terra, a top 15-ranked cryptocurrency by market capitalization, is planning to apply the Columbus 5 upgrade to its mainnet today. If everything goes according to plan, this new update will bring improvements to allow the Terra network to keep expanding. Columbus 5 will change how the network mints UST (terrausd), the main stablecoin of the blockchain, and will also bring integration with other chains, and faster transactions. Columbus 5 to Go Live Today Terra, a smart contract-enabled cryptocurrency chain, is prepared to apply the new Columbus 5 mainnet upgrade today.