Monthly Archives: January 2022

Estonia Clarifies Upcoming Regulations, Will Not Ban Crypto Holding or Trading

The government of Estonia has approved legislation tailored to improve oversight of its crypto sector which expanded rapidly due to favorable regulations and business climate. The new law, which is yet to be adopted, will introduce stricter requirements for service providers without preventing their clients from owning or exchanging cryptocurrencies. Authorities in Tallinn Draft Stricter Rules for Crypto Service Providers The executive power in Estonia has prepared and approved draft legislation designed “to more effectively regulate virtual asset service providers (VASPs).” The main goal, the Finance Ministry […]

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Cion Digital secures funds to expand blockchain orchestration platform

The company raised $12 million in seed capital to further its crypto-based financing solutions. Cion Digital, a developer for an enterprise SaaS blockchain orchestration platform, announced on Jan 4 that it had closed out its recent seed funding round at $12 million. The round was overseen by Green Visor Capital and 645 Ventures who have since joined Cion Digital’s board of directors. Additionally, Cota Capital, Epic Ventures, Hourglass Capital Partners, BAT Ventures, Greycroft and Ulu Ventures were also participants.  Following the raise, the company said that it […]

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Ribbon Finance gains 60% after V2 launch and Avalanche integration

RBN price targets a new all-time high after its V2 launch and recent support for AVAX. Decentralized finance (DeFi) was one of the breakout sectors of the cryptocurrency market in 2021 and stands poised to continue to facilitate the mass adoption of cryptocurrency in 2022. This comes as institutional and retail investors embrace the emergence of Finance 2.0.  One DeFi project that has kicked off the year with a bullish start is Ribbon Finance (RBN), a protocol that utilizes financial engineering to create structured products such as […]

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Defi TVL Jumps 12% Since Mid-December, Close to $25B in Bridges, Convex Gains on Curve’s Dominance

The total value locked (TVL) in decentralized finance (defi) has risen 4% during the first four days of the new year from $245 billion on January 1, to $255.84 billion three days later. While the defi protocol Curve Finance dominates with a TVL of $24.44 billion, Convex Finance is closing in on the dominance with $21.27 billion. Meanwhile, out of several blockchains, Ethereum dominates the defi TVL with 62.91% or $160.96 billion out of the aggregate $255.84 billion locked today. Defi TVL Increases 4% During the First […]

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2021 Was Huge For Bitcoin As Countries And Companies Worldwide Embraced It

This year was a turning point for Bitcoin as many doubters watched the world embrace the technology. 2021 marked the twelfth year of bitcoin’s “official” existence, and after last year’s halving the year started and (mostly) continued on a bullish note as many, myself included, expected bitcoin to breach the $100,000 and set crazy new highs. That was not the case, but bitcoin did have a huge year and at times it feels like we’ve become desensitised to major developments in the market. 2021: The Year Bitcoin […]

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Altcoins turn bullish even as Bitcoin price slips below $46K again

ID, PAC and RVN lead the altcoin breakout, while Bitcoin price targets new lows below $46,000. The mood across the cryptocurrency is one of growing anticipation as the price of Bitcoin (BTC) continues to trade just below $47,000. The sideways price action has analysts warning that an “explosive volatility period” is rapidly approaching but few have been willing to predict the direction of the breakout.  While Bitcoin price compresses, the altcoin market has come alive and multiple tokens are posting notable gains, especially in the DeFi cohort. […]

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Adidas Originals NFT Compilation Enters Top 50 Collections by Volume, Close to $60M in Sales in 18 Days

Less than 20 days ago, the German multinational sneaker and sportswear corporation Adidas launched the company’s Adidas Originals non-fungible token (NFT) collection and since then the NFT compilation has surged into the top 50 NFT collections in terms of sales. Adidas NFT Collection Sees Significant Demand in Less Than 20 Days At the end of November 2021, Adidas revealed it was “excited” about the metaverse and said the company had partnered with Coinbase and acquired land in The Sandbox. The following week, Adidas told the press it […]

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El Salvador To Send 20 Bills To Congress Providing “Legal Certainty” For Bitcoin Bond Issuance

After announcing Bitcoin Bonds last November, El Salvador’s government will now send to congress the legal framework for its issuance. In an interview on a local television station today, El Salvador Finance Minister Alejandro Zelaya announced that they will be sending about twenty bills to congress that will provide legal certainty for their Bitcoin Bond issuance, according to Reuters. These twenty bills will “provide a legal structure and legal certainty to everyone who buys the bitcoin bond,” Zelaya stated. After President Nayib Bukele announced Bitcoin Bonds this […]

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Crypto funds attracted $9.3B in inflows in 2021 as institutional adoption grew

Crypto investment managers had $62.5 billion in assets under management at the end of 2021, with Bitcoin products attracting sizable investments. Institutional cryptocurrency funds attracted record inflows in 2021, as demand for digital assets such as Bitcoin (BTC) and Ether (ETH) continued to grow during a volatile and often unpredictable bull market.  Crypto investment products registered $9.3 billion in inflows during the year, up from $6.8 billion in 2020, according to the latest CoinShares data that was released on Tuesday. Bitcoin funds attracted $6.3 billion worth of […]

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Evedo seeks to bring event planning to the blockchain

“We have theaters, disco clubs, event halls. In 2022, we have a goal to onboard 1,000 new venues around the world using seating ticket sales,” says CEO and founder Stoyan Angelov. Evedo, a platform consisting of business-to-business, or B2B, & business to consumer, or B2C, marketplaces, seeks to provide blockchain solutions for businesses and participants involved in organizing events. In an exclusive ask-me-anything, or AMA, session with Cointelegraph Markets Pro, Stoyan Angelov, founder & CEO of Evedo & Fragmint, discussed the business dynamics and tokenomics of Evedo. […]

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