Monthly Archives: November 2021

Dutch Authorities Seize Cryptocurrency Worth Over 25 Million Euros

Dutch authorities have seized more than 25 million euros in cryptocurrencies, including bitcoin and ether, from dozens of suspects in criminal cases. “Cryptocurrencies are widely used as a means of payment for various types of crime,” said the Netherlands’ Public Prosecution Service. Authorities in the Netherlands Seize More Than 25 Million Euros in Cryptocurrencies, Including Bitcoin and Ether The Netherlands’ Public Prosecution Service announced last week that it has seized more than 25 million euros ($28.6 million) in cryptocurrencies in recent months in collaboration with two other […]

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6 Questions for Anton Bukov of 1inch Network

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!   This week, our 6 Questions go to Anton Bukov, co-founder of 1inch Network, a distributed network of decentralized protocols. Anton has been writing code for more than 20 years (since he was 12), mostly C++, C#, Objective-C, Swift and SQL. Since 2017, he has been working on blockchain solutions, primarily smart contracts. Anton has contributed to […]

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Crypto Advocates Weigh ETF Rejection — Veteran Trader Peter Brandt Says Bitcoiners Should ‘Oppose Spot Bitcoin ETFs in US’

Following the Securities and Exchange Commission’s rejection of Vaneck’s bitcoin spot market exchange-traded fund (ETF) on Friday, a number of cryptocurrency advocates discussed the subject this weekend. For instance, the veteran FX trader Peter Brandt told his 581,700 Twitter followers that bitcoin maximalists “should oppose” a spot market bitcoin ETF. Bitcoiner Preston Pysh said bitcoin could care less “about the approval of a spot ETF.” Crypto Community Discusses Recent Bitcoin ETF Rejection — Peter Brandt Says ‘Let’s Not Encourage Wall Street to Convert Bitcoin Into a Vending […]

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Russia Fails to Act on Request to Help Freeze Millions in Crypto Withdrawn From Wex Wallet

The Russian Ministry of Interior has rejected a request filed by clients of Wex to do its part in the blocking of crypto funds removed from a wallet controlled by the now-defunct crypto exchange. Over 10,000 ETH have been recently withdrawn from the wallet and transferred to other platforms. Wex Victims Try to Freeze $46 Million of Cryptocurrency Lost to Bankrupt Russian Exchange The Investigation Department of the Ministry of Internal Affairs of Russia (MVD) has refused to act on a request from victims of crypto exchange […]

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Bitcoin sets up nail-biting weekly close after Taproot goes live

Markets put the ETF rejection behind them as BTC price action retains higher levels through the weekend. Bitcoin (BTC) traded above a key zone into the weekly close on Nov. 13 after the successful activation of the Taproot soft fork. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView What ETF rejection? Data from Cointelegraph Markets Pro and TradingView showed BTC/USD holding above $64,000 at 10 am UTC Sunday. The pair had gained in the latter part of Saturday after briefly acting below $63,000 thanks to U.S. regulators rejecting […]

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South African Fintech Raises $120 Million in Funding Round Led by Fidelity

A South Africa and London-based fintech startup, JUMO, recently revealed it has raised $120 million in a funding round led by Fidelity Management & Research Company. AI-Powered Financial Services According to a report by Techcrunch, financial services giant Visa and Kingsway Capital also participated in the funding round, which now sees JUMO valued at $400 million. This latest capital influx comes a year after the startup successfully raised $55 million in what the report calls a similar but unnamed funding round. JUMO, which was founded in 2015 […]

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Adapt or die: Venture capital vs. crypto, blockchain, DAOs and Web 3.0

Venture capital cannot just stick to its existing structures and processes if it wants to remain relevant in the new Web 3.0 era. We have seen a steep adoption of crypto-based systems this year, including decentralized finance (DeFi) applications, nonfungible tokens (NFTs) such as digital art, crypto-centric gaming, and increased adoption of cryptocurrencies as investment and payment tools. One of the more recent developments is the emergence of decentralized autonomous organizations (DAOs). DAOs have existed since 2016, when The DAO organization, a new form of investment vehicle […]

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Santander Prepares to Offer Bitcoin ETF in Spain

Santander, a leading financial institution in Spain, is preparing to offer a Bitcoin ETF to its customers in the country. This, while Spanish asset managers have been largely reluctant to embrace crypto products as part of their investment portfolio offerings to customers. Santander Bitcoin ETF in Preparation Santander will be giving the finishing touches to a Bitcoin ETF product in Spain, according to reports from local sources. This reportedly positions the company to be the only financial institution interested in offering this type of product to its […]

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Two Entertainment Projects Featuring Bored Ape Yacht Club NFTs Get Backing From Universal Music Group, Timbaland

This week Universal Music Group, the Dutch–American multinational music corporation announced the formation of a non-fungible token (NFT) metaverse music group called Kingship, which features four Bored Ape Yacht Club (BAYC) NFTs. Following the announcement, the hit record producer Timbaland revealed the creation of a metaverse-based entertainment company called Ape-In Productions (AIP), which will also leverage BAYC NFTs. Universal Music Group Reveals BAYC NFT Supergroup Called Kingship While non-fungible token (NFT) collectibles have been all the rage this year, one particular collection called Bored Ape Yacht Club […]

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Litentry Blockchain Offers Massive Potentials to Crowdloan Investors

PRESS RELEASE. The blockchain industry is an ever-evolving world and Litentry is at the forefront of this revolution. Litentry intends to create a truly decentralized identity aggregation solution that will power web 3.0 applications. Its blockchain architecture is advanced and has witnessed massive growth due to its application in different sectors. Litentry has also created a DID Startups Programs that incentivizes innovative teams to build products that will add value to its blockchain. To continue its growth, Litentry has applied for a Polkadot Parachain slot that will […]

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