Binance signs agreement with Kazakhstan and plans regional hub
exchange Binance signed an agreement with Kazakhstan’s Financial Monitoring Agency to formalize their shared interest in developing the digital asset market in the country. The ‘memorandum of agreement’ expresses mutual support in developing cryptoasset and data circulation as well as targeting illicit trade.
💰 1inch Partners With Unstoppable Domains to Compete With ENS
The 1inch decentralized exchange aggregator protocol has entered into a new partnership that could see it offering services to rival the Ethereum Name Service (ENS). On Oct. 4, the 1inch network announced a partnership with nonfungible token (NFT) domain name provider and digital identity platform Unstoppable Domains. The new collaboration signals a move into the decentralized domain space, which is currently dominated by the Ethereum Name Service (ENS). According to the announcement, the partnership will allow 1inch Wallet users to perform transactions in a more user-friendly way by replacing complex addresses with domain names. This is precisely what ENS offers – replacing Ethereum addresses with web-friendly domain names.
The 1inch decentralized exchange aggregator protocol has entered into a new partnership that could see it offering services to rival the Ethereum Name Service (ENS). On Oct. 4, the 1inch network announced a partnership with nonfungible token (NFT) domain name provider and digital identity platform Unstoppable Domains. The new collaboration signals a move into the decentralized domain space, which is currently dominated by the Ethereum Name Service (ENS). According to the announcement, the partnership will allow 1inch Wallet users to perform transactions in a more user-friendly way by replacing complex addresses with domain names. This is precisely what ENS offers – replacing Ethereum addresses with web-friendly domain names.
Europe Bans All Crypto Wallet Services to Russia in New Sanctions Package
The European Union has placed a blanket ban on all crypto services to Russian entities as part of its eighth round of sanctions against the country. The existing prohibitions on crypto assets have been tightened by banning all crypto-asset wallets, accounts, or custody services.
The original limit, established in April, allowed such services to continue servicing Russian wallets holding €10,000 or less. The increased measures are intended as punishment for “Russia’s continued escalation and illegal war against Ukraine,” including its mobilization of additional troops and open issuance of nuclear threats. The package will also widen the number of services that can no longer be provided to Russians.
Source
The European Union has placed a blanket ban on all crypto services to Russian entities as part of its eighth round of sanctions against the country. The existing prohibitions on crypto assets have been tightened by banning all crypto-asset wallets, accounts, or custody services.
The original limit, established in April, allowed such services to continue servicing Russian wallets holding €10,000 or less. The increased measures are intended as punishment for “Russia’s continued escalation and illegal war against Ukraine,” including its mobilization of additional troops and open issuance of nuclear threats. The package will also widen the number of services that can no longer be provided to Russians.
Source
Sci-Fi Magazine Heavy Metal's Metalverse Has Room for Both Movies and NFTs
Instead of doing any one thing to bring themselves back into the sci-fi cultural limelight, the heads behind the storied counterculture comic magazine Heavy Metal are taking a shotgun approach to regaining their legacy, including movies, a revamped launch schedule and—because why the hell not—NFTs. During a Thursday New York Comic-Con panel. Tommy Coriale, Heavy Metal’s head of studio, expanded more on what this actually means for the legacy magazine creators. He told the rather thin audience of die-hard Heavy Metal fans (though considering the new Super Mario Bros. movie was premiering in the next room, it was practically a crowd) that they were also taking on “a number of animated projects,” but did not detail what those were.
Instead of doing any one thing to bring themselves back into the sci-fi cultural limelight, the heads behind the storied counterculture comic magazine Heavy Metal are taking a shotgun approach to regaining their legacy, including movies, a revamped launch schedule and—because why the hell not—NFTs. During a Thursday New York Comic-Con panel. Tommy Coriale, Heavy Metal’s head of studio, expanded more on what this actually means for the legacy magazine creators. He told the rather thin audience of die-hard Heavy Metal fans (though considering the new Super Mario Bros. movie was premiering in the next room, it was practically a crowd) that they were also taking on “a number of animated projects,” but did not detail what those were.
Payment of 141,000 BTC to former Mt. Gox customers set for January 2023
The distribution of funds to former users of the defunct crypto exchange Mt. Gox is set to begin in 2023 after the appointed debtor shared the final modalities for the repayment. Indeed, the customers are set to receive about $1.7 billion in cash, 141,000 Bitcoins (BTC), and another 142,000 Bitcoin Cash (BCH) from January next year, targeting about 10,000 customers globally.
The distribution of funds to former users of the defunct crypto exchange Mt. Gox is set to begin in 2023 after the appointed debtor shared the final modalities for the repayment. Indeed, the customers are set to receive about $1.7 billion in cash, 141,000 Bitcoins (BTC), and another 142,000 Bitcoin Cash (BCH) from January next year, targeting about 10,000 customers globally.
Russian Businesses are Circumventing Sanctions by Using Cryptocurrencies
Russian businesses operating within the Russian Federation have begun to use cryptocurrencies to circumvent sanctions in cross-border transactions, according to the Ministry of Finance. This was stated in an interview by the director of the financial policy department of the Ministry of Finance, Ivan Chebeskov. Russian businesses are already getting around sanctions with the help of cryptocurrencies. This is despite the fact regulation of the crypto scene in the Russian Federation has not yet been properly configured. Chebeskov did not specify which companies are in question. However, it was reported that the volume of transactions has increased several times. This is against the background of a tightening sanction regime.
Russian businesses operating within the Russian Federation have begun to use cryptocurrencies to circumvent sanctions in cross-border transactions, according to the Ministry of Finance. This was stated in an interview by the director of the financial policy department of the Ministry of Finance, Ivan Chebeskov. Russian businesses are already getting around sanctions with the help of cryptocurrencies. This is despite the fact regulation of the crypto scene in the Russian Federation has not yet been properly configured. Chebeskov did not specify which companies are in question. However, it was reported that the volume of transactions has increased several times. This is against the background of a tightening sanction regime.
📊 HOW HAS THE MARKET REACTED ON EVERY SINGLE CPI DAY SO FAR THIS YEAR $SPX $SPY
🟢 JAN +0.28%
🔴 FEB -1.81%
🔴 MAR -0.43%
🔴 APR -0.34%
🔴 MAY -1.65%
🔴 JUN -2.91%
🔴 JULY -0.45%
🟢 AUG +2.13%
🔴 SEPT -4.32%
🟢 OCT +2.6%
AVERAGE CPI DAY MOVE -0.69% 🔴
🟢 JAN +0.28%
🔴 FEB -1.81%
🔴 MAR -0.43%
🔴 APR -0.34%
🔴 MAY -1.65%
🔴 JUN -2.91%
🔴 JULY -0.45%
🟢 AUG +2.13%
🔴 SEPT -4.32%
🟢 OCT +2.6%
AVERAGE CPI DAY MOVE -0.69% 🔴
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🎉🐵 October is BitKong's Anniversary 🐵🎉
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Prepare yourselves, explorers, because he is celebrating his 7th birthday BIG TIME!
BitKong is hosting a $10,000 🤑💸 ANNIVERSARY TOURNAMENT for a jungle-style party!
The event will last until the 16th of October.
🍌 Are you ready to go bananas? 🍌
✅ www.bitkong.com
Follow our Telegram channel for the winners' announcement.
Indian city deploys Polygon blockchain to manage public complaints
The police department of India’s Firozabad city has announced a plan to use the Polygon (MATIC) blockchain to register complaints as part of speeding up the resolution process of public complaints. a unique code for the specific case. The police station near the area of the complaint will then have a special QR code that will direct reports toward the grievance form.
The police department of India’s Firozabad city has announced a plan to use the Polygon (MATIC) blockchain to register complaints as part of speeding up the resolution process of public complaints. a unique code for the specific case. The police station near the area of the complaint will then have a special QR code that will direct reports toward the grievance form.
💰 Ripple vs. SEC: Lawyer explains source of ‘confusion’ over Hinman’s emails
The ongoing legal case between Ripple (XRP) and the Securities Exchange Commission (SEC) continues to take new twists and turns as both parties await the resolution of the matter. Jeremey Hogan has pointed out what he terms as confusion regarding the handover of former SEC Division. According to the legal expert, following the decision by the presiding Judge to overrule SEC’s objections to turning over the emails, she did not clarify when they must be handed over. The email in contention concerns a speech Hinman delivered in 2018, where he said Bitcoin (BTC) and Ethereum (ETH) are not securities.
The ongoing legal case between Ripple (XRP) and the Securities Exchange Commission (SEC) continues to take new twists and turns as both parties await the resolution of the matter. Jeremey Hogan has pointed out what he terms as confusion regarding the handover of former SEC Division. According to the legal expert, following the decision by the presiding Judge to overrule SEC’s objections to turning over the emails, she did not clarify when they must be handed over. The email in contention concerns a speech Hinman delivered in 2018, where he said Bitcoin (BTC) and Ethereum (ETH) are not securities.
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75% of Young US Investors Want to Diversify Portfolios With Crypto
75% of Millennial and Generation X investors are fond of alternative investment tools, such as crypto. Two-thirds of the polled American investors, aged between 21 and 42, believe it is impossible to achieve above-average returns relying only on traditional finance. Instead, they see cryptocurrencies as appropriate tools for the job.
75% of Millennial and Generation X investors are fond of alternative investment tools, such as crypto. Two-thirds of the polled American investors, aged between 21 and 42, believe it is impossible to achieve above-average returns relying only on traditional finance. Instead, they see cryptocurrencies as appropriate tools for the job.
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💰 Binance now second-largest entity by voting power in Uniswap DAO
Crypto exchange Binance has made a move toward taking part in the governance process of the decentralized exchange Uniswap, making it the second-largest entity by voting power in the Uniswap DAO. Binance delegated 13.2 million UNI tokens on Oct. 18 to its own wallet, meaning the exchange. Binance now has 5.9% of the voting power, calculated as a percentage of tokens delegated to the exchange out of all delegated tokens. It sits behind crypto VC firm a16z, which has 6.7% of the vote. The amount Binance has delegated represents 1.3% of the total supply of UNI. This is above the 0.25% threshold for proposing governance votes but below the 4% quorum required for votes to pass.
Crypto exchange Binance has made a move toward taking part in the governance process of the decentralized exchange Uniswap, making it the second-largest entity by voting power in the Uniswap DAO. Binance delegated 13.2 million UNI tokens on Oct. 18 to its own wallet, meaning the exchange. Binance now has 5.9% of the voting power, calculated as a percentage of tokens delegated to the exchange out of all delegated tokens. It sits behind crypto VC firm a16z, which has 6.7% of the vote. The amount Binance has delegated represents 1.3% of the total supply of UNI. This is above the 0.25% threshold for proposing governance votes but below the 4% quorum required for votes to pass.
🇷🇺 Kraken becomes the latest crypto exchange to restrict Russia-linked accounts
Kraken is now restricting Russia-linked accounts, according to Russian-language emails sent to customers and obtained by The Block. The developer of the decentralized finance platform Yearn, Banteg, tweeted that withdrawals were the only feature available. The extent of the restrictions currently in effect is unclear at this time, based on the email's contents. One source told The Block that on Oct. 19, some users were yet to experience any restrictions on their account, though The Block has not been able to independently verify this claim. Another user said their account was closed but that they could withdraw funds.
Kraken is now restricting Russia-linked accounts, according to Russian-language emails sent to customers and obtained by The Block. The developer of the decentralized finance platform Yearn, Banteg, tweeted that withdrawals were the only feature available. The extent of the restrictions currently in effect is unclear at this time, based on the email's contents. One source told The Block that on Oct. 19, some users were yet to experience any restrictions on their account, though The Block has not been able to independently verify this claim. Another user said their account was closed but that they could withdraw funds.
Telegram to auction off usernames via blockchain-based platform
The messaging app is soon to launch a username auction platform on The Open Network (TON) blockchain, the company said in an official channel on Thursday.
The messaging app is soon to launch a username auction platform on The Open Network (TON) blockchain, the company said in an official channel on Thursday.
💰 Bitcoin since bitfinex had this volume spike (approx 44k #BTC was bought) price is going nowhere, but sideways.
It's been 40 boring days in this $18.2k - $20.5k range. I am expecting 5-10% rise first before heading down.
It's been 40 boring days in this $18.2k - $20.5k range. I am expecting 5-10% rise first before heading down.
Polkadot ecosystem falls 5% after founder Gavin Wood steps down as Parity CEO
The market cap of the Polkadot ecosystem has declined roughly 5% following news of Gavin Wood‘s departure as CEO. Polkadot founder Gavin Wood announced on Oct. 21, that he was quitting his role as CEO of Parity Technologies, the parent company behind the Polkadot and Kusama ecosystems.
The market cap of the Polkadot ecosystem has declined roughly 5% following news of Gavin Wood‘s departure as CEO. Polkadot founder Gavin Wood announced on Oct. 21, that he was quitting his role as CEO of Parity Technologies, the parent company behind the Polkadot and Kusama ecosystems.
