Crypto Land
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​​Tired of extremely high GAS fees and complicated transactions? Rubic makes everything easier for you.

One-click Multi-Chain swaps are already live on Rubic.exchange. Transfer more than 9,500 assets between Ethereum, Polygon, BSC and Avalanche. It is without a doubt, a revolutionary feature in Crypto.

Telegram Announcement Channel: Rubic Announcements

Telegram Chat: Rubic
​DEX vs. CEX Tokens: Who Performed Better This Year?

A theme in crypto that has gotten even more pronounced this year is the line that is being drawn between the centralized and the decentralized part of the market. And with regulators taking a firmer stance towards crypto all around the world, this difference has become even more important, in particular for crypto exchanges.

There is no denying that some centralized exchanges (CEXes) have found themselves facing tough choices as of late. Should they cater to regulators’ demands, or instead focus on keeping up with the lightning-fast innovation that is happening in crypto and give their customers what they want?

Among the CEXes that have gotten in trouble this year are of course all exchanges with ties to Mainland China, following Beijing’s reiteration of its ban on most things related to crypto.

But Chinese exchanges are not the only ones having to deal with aggressive regulators. The same has also happened to the major global exchange Binance, which for a number of years claimed it doesn't have a physical headquarter. However, global regulators now seem to be winning the first battle with Binance, having essentially forced the exchange to declare where its physical head offices are located.

As would be expected, the regulatory pressure on centralized exchanges, particularly from China, has sparked a new round of interest in decentralized exchanges (DEXes). As history has shown, however, these decentralized alternatives cannot always escape regulatory scrutiny either.

For instance, Uniswap Labs, the development firm behind the Uniswap decentralized exchange, in July this year restricted access via appuniswaporg to some tokens that it deemed too risky from a regulatory standpoint. Not surprisingly, the move sparked a backlash from users, with some questioning how decentralized the protocol really is.
​South Korean pension fund to invest in Bitcoin ETF: Report.

KTCU plans to invest in Bitcoin ETF products after consultation with domestic asset managers,” an executive reportedly said.

South Korea’s public pension fund, the Korean Teachers’ Credit Union (KTCU), is reportedly looking to gain exposure to Bitcoin (BTC) via a crypto exchange-traded fund (ETF).

KTCU, one of the largest institutional investors in South Korea, is considering investing in a pure Bitcoin ETF or Bitcoin-linked ETFs in the first half of 2022, local news agency The Korea Economic Daily reported Monday.

According to the report, KTCU is considering investing in several Bitcoin ETF products, including those by South Korean asset management firm Mirae Asset Global Investments. The company launched two ETFs tracking the value of Bitcoin futures via its Canadian subsidiary, Horizons ETFs, in April 2021.

“As there are some well-made cryptocurrency-linked ETF products by asset managers such as Korea’s Mirae Asset Global Investments, we plan to invest in the ETF products after consultation with domestic asset managers,” an executive at KTCU reportedly said.

The official also mentioned potential investment in a Bitcoin ETF by Mirae Asset’s subsidiary, Global X ETFs, which filed for a Bitcoin ETF with the United States Securities and Exchange Commission in July.

According to the report, KTCU is the second-largest institutional investor in South Korea, with $40.2 billion in assets under management. The pension fund has allocated 40% of its investments in alternative assets, 10% domestic and 9% international stocks. KTCU has yet to determine the size and other details of its potential Bitcoin ETF investment.

The news comes amid global pension funds getting increasingly interested in gaining exposure to cryptocurrencies like Bitcoin and major companies in the industry. Last week, the Houston Firefighters’ Relief and Retirement Fund reportedly purchased $25 million in Bitcoin and Ether (ETH). Canada’s Ontario Teachers’ Pension Plan Board participated in a $420-million funding round for major crypto exchange FTX, the firm announced on Thursday.
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​Bitcoin Regains Strength, Ethereum Hits New ATH, SHIB Slides.

Bitcoin price was able to start a fresh increase above the USD 60,000 and USD 60,500 resistance levels. BTC climbed above USD 61,200. It is currently (04:18 UTC) facing resistance near USD 62,000, above which there could be a steady increase.

Besides, most major altcoins are gaining bullish momentum. ETH rallied 9% and it even spiked above USD 4,400. XRP could test the USD 1.12 resistance zone. ADA is now consolidating above the USD 2.00 level.

After a close above USD 60,000, bitcoin price was able to recover further. BTC was able to climb above the USD 60,500 and USD 61,200 resistance levels. An immediate resistance is near the USD 61,800 level. The next major resistance is near USD 62,000, above which the price may perhaps gain bullish momentum.

On the downside, an initial support is near the USD 61,200 level. The main support is now forming near the USD 60,000 level, below which the price might gain bearish momentum.

Ethereum price started a major increase above the USD 4,200 resistance. ETH rallied 9% and it even spiked above USD 4,400, reaching its new all-time high of USD 4,416 (per Coingecko) and correcting lower soon after. On the upside, an initial resistance is near the USD 4,400 level. The next major resistance is near USD 4,440, above which the price could accelerate higher towards the USD 4,550 level.
​Metaverse Tokens Extend Rally After Facebook's Meta Move.

Tokens that in various ways are associated with the metaverse – a term used to describe virtual reality worlds online – have continued their rise higher this week, with many tokens seeing triple-digit percentage returns over the past 7 days. The gains have come after Facebook’s move last week to rebrand itself as Meta.

At 13:00 UTC on Tuesday, metaverse and gaming tokens such as decentraland (MANA), the sandbox (SAND), and enjin coin (ENJ) were all up strongly over the past 7 days, rising by 285%, 239%, and 57%, respectively. However, MANA corrected its gains today.

Meanwhile, the popular play-to-earn game token axie infinity (AXS) was up by a much more modest 5% over the same time period, after having seen strong gains earlier in the month.

The gains for this category of tokens come after news from last week that Facebook is renaming the company that operates the social media platform to Meta. The move is, according to the company, part of a plan to brand itself as a “metaverse company,” with references made to crypto and non-fungible tokens (NFTs) in official communications about the rebranding.

The rush into tokens associated with the metaverse could also be seen in the Metaverse Index (MVI), an index token that tracks the price of several major tokens in the category.

At the time of writing, the index was up by more than 72% over the past 7 days, after hitting an all-time high of USD 261 earlier in the day.
​Bitcoin Turns Into a Political Tool as US Mayors Compete For BTC Salaries.

Another US politician deciding to accept some of their salary in crypto shows how bitcoin (BTC) is increasingly becoming a political instrument for decision-makers who wish to appeal to more tech-savvy and crypto-friendly voters.

The election of Eric Adams as the new mayor of New York City has added another crypto-enthusiast to the growing club of crypto-friendly US mayors who declared readiness to accept their next paycheck in BTC, alongside the mayors of Miami and Jackson, Tennessee.

Miami’s notoriously pro-crypto Mayor Francis Suarez, who was reelected earlier this week as the Republican Party’s candidate, announced shortly after his win he would take his next paycheck “100% in bitcoin”.

This has triggered a response by Adams, a Democrat, who vowed during the campaign to transform the Big Apple into “the center of bitcoins.”

“In New York we always go big, so I’m going to take my first THREE paychecks in Bitcoin when I become mayor. NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!” Adams tweeted.

Taking into account his predecessor’s reported base annual salary of USD 258,541, this would leave Adams with about USD 64,635 worth of cryptocurrency, or slightly more than BTC 1 as of pixel time (UTC 09:00).

The mayor-elect’s declaration was welcomed by Suarez who congratulated Adams on his election and said he was looking “forward to the friendly competition in making our respective cities a crypto capital!”

As the stakes went higher, the competition for America’s most crypto-friendly mayor was joined by Scott Conger of Jackson, Tennessee, who has served as the city’s mayor since 2019. The politician announced that, while he could not legally be paid in bitcoin by the city under the state law, he would make sure to buy some crypto with his next salary “and instantly convert my next paycheck to Bitcoin”.
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​Major Swedish Power Company Defends Bitcoin Mining as Regulators Propose Ban.

A joint statement from the directors-general of the Swedish Financial Supervisory Authority and the Swedish Environmental Protection Agency has called for a total ban on proof-of-work mining of cryptocurrencies, such as Bitcoin (BTC), within the EU. Meanwhile, Sweden’s state-owned power company is publicly defending crypto mining, saying it has the potential to balance the load on power grids.

According to the joint statement, crypto miners have taken a keen interest in the Nordic region because of the access to renewable energy in the region. It added that this is not in Sweden’s interest, because the country “needs the renewable energy targeted by crypto-asset producers for the climate transition,” as well as for its ability to meet the Paris Climate Accords goals.

“Energy-intensive mining of crypto-assets should therefore be prohibited,” the statement went on to say, while also describing the “social benefit” of digital assets as “questionable.”

In conclusion, the statement called on the EU to ban proof-of-work mining throughout the region as a “first step,” saying:

“A ban on the proof-of-work mining method within the EU could be an important first step in a global move towards a greater use of more energy-efficient crypto mining methods. It would also mean that our renewable energy is used as efficiently as possible in order to support the transition towards climate neutrality.”

The joint statement from the two government bodies has also received widespread attention in the Swedish media, with Swedish broadcaster SVT hosting a discussion on the topic, and op-eds taking a stand for and against the proposal being published in several local newspapers.
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​What an amazing time for Rubic to integrate the Moonriver network!

After their wildly successful integration of the Avalanche blockchain, Rubic’s team immediately started working on integrating the Moonriver network. Yesterday, they presented their complete integration of Moonriver into rubic.exchange. There are now 5 blockchains supported by Rubic’s Multi-Chain Swaps: BSC, Ethereum, Polygon, Avalanche and Moonriver.

On that very same day, Binance even listed Moonriver and opened trading for MOVR/BTC, MOVR/BNB, MOVR/BUSD, and MOVR/USDT trading pairs.

To trade these and other trading pairs, visit Rubic.

And don’t miss the updates:
Telegram Announcement Channel: Rubic Announcements
Telegram Chat: Rubic
​Klima DAO accumulates $100M of carbon offsets, aims to drive up price.

Climate activism via blockchain is becoming a serious topic of discussion among academics and industry professionals as carbon offsets are tokenized.

Climate-change focused Klima DAO has accumulated over 9 million tonnes of carbon offsets according to a Nov. 8 announcement. The USD value of those offsets has surpassed $100 million.

In a blog post, the project explained that those offsets are equivalent to the annual emissions of Georgia, Jamaica, or Papua New Guinea. The Klima DAO protocol aims to increase the price appreciation of carbon assets.

The core team told Cointelegraph that it intends to put upward pressure on the price of carbon offsets “so that it becomes more profitable to engage in offset-generating activities, such as conserving land for carbon sequestration, or restoring forests and wetlands.”

Carbon offsets are reductions in greenhouse gas emissions in one place to compensate for emissions somewhere else.

By accumulating all those offsets, known as Base Carbon Tonnes (BCT), the Klima DAO treasury has locked in about 85% of the existing 10.7 million BCTs on-chain. Each BCT is a digital asset representing one tonne of carbon from the Verified Carbon Unit (VCU) registry, which has been bridged onto the Polygon Network by the Toucan Protocol.

As the balance of BCT in its treasury increases:

“The Klima DAO community will look to promote higher quality carbon offset projects, particularly in developing economies.”

The project hopes to stimulate a growth in the price of BCT tokens by offering fee sharing, a bonding program, and incentivized liquidity pools on Sushiswap.

The project is taking advantage of blockchain as a record-keeping system that can create standardization and accountability in efficiently assessing data about the economic and environmental impact of offsets.

Climate change control via blockchain has become a common topic among both the tech-savvy and environmentally-sensitive. During this week’s GOP26 event in Glasgow, Scotland, groups from the United Citizens Organization and the Climate Change Coalition advocated for green economy initiatives.
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​Crypto Market Sentiment Unchanged; Cardano Takes the Throne.

After finally re-entering the positive zone last Monday, crypto market sentiment is holding onto it tight, but without seeing a relevant change. Compared to last week’s 6.04, the average 7-day moving crypto market sentiment score (sentscore) for ten major cryptoassets is now 6.02, according to the market sentiment analysis service Omenics.

A small majority – or 6 out of 10 – coins have turned or remained red over the past seven days, with tether (USDT) taking the largest drop, of 8.2%. Notably, tether was last week’s winner. Its drop is followed by USD coin (USDC)’s 7.5%, while on the lower end we see litecoin (LTC)’s 3%, polkadot (DOT)’s 2.9%, chainlink (LINK)’s 1.8%, and lastly bitcoin (BTC)’s 0.1%.

On the opposite side is this week’s winner: cardano (ADA), with a rise to its sentscore of 7.9%. The next in line is 4.9% by binance coin (BNB), followed by ethereum (ETH)’s 1.4% and XRP’s 0.3%.

Therefore, bitcoin’s and ethereum’s scores remain unchanged over the past week.

Meanwhile, four of the ten coins are in the positive zone, these being BTC, ETH, DOT, and LINK, respectively. But others are not far behind, with the two stablecoins having the lowest scores, of 5.3. The rest sit within the 5.6-5.9 range.

Now, we’re taking a closer look at the situation in the past 24 hours alone. The 24h sentscore for these 10 coins combined is lower than the one recorded last Monday: 5.75 compared to 5.93 a week ago. All but two coins are red. Therefore, the winners of the day by default are bitcoin, the score of which is up by 5.1%, and binance coin, with 0.3%. The highest drop is 4.1% seen by LINK, with another four coins’ sentscores falling between 2% and 2.5%, two more dropping 1.1% each, and ETH decreasing the least – 0.1%. BTC and ETH are the only coins in the positive zone. And while USDT sits below 5, at 4.6, the rest have sentscores between 5.1 and 5.9.
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Token Symbol: 🔹TEFI
Token Deployment date: 19 October 2021
Max Circulating supply 🔹TEFI: 86,800,000
Tokens in Circulation: 🔹4,850,000
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​Argentina U-Turns On Crypto Tax With New Regulation.

In an abrupt U-turn on an earlier stance adopted by the country’s authorities, the Argentinian government has released a decree that imposes a tax on credits and debts on transactions involving cryptoassets. The regulation was published on November 17, and the measures entered into force on the same day.

“The exemptions provided for in this decree and in other regulations of a similar nature will not be applicable in those cases in which the movements of funds are linked to the purchase, sale, exchange, intermediation and/or any other operation on cryptoassets, cryptocurrencies, digital coins, or similar instruments, in the terms defined by the applicable regulations," the Argentinian cabinet said in the decree, as reported by local paper Buenos Aires Times.

Crypto transactions were previously exempt from the levy which, under Argentinian law, is called the tax on credits and debits in bank accounts and other transactions. Such transactions were treated as if they were cash transfers, according to Sebastián Domínguez from local tax consultancy SDC Asesores Tributarios.

The tax is levied at rates of up to 0.6%.

The latest development imposes yet another levy on Argentinian crypto users. In 2017, a reform of the country’s tax code extended the income tax to capital gains earned from transactions that involve cryptoassets.

Earlier this month, it was reported that a number of companies were eyeing Latin America – and countries like Argentina and Paraguay in particular – amid their search to create new bases for bitcoin (BTC) and altcoin mining operations.

Data released by the University of Cambridge indicates that Argentina accounted for just 0.05% of the global bitcoin hashrate last August. It is yet to be seen whether the government’s revised tax policy will have a negative impact on the country’s appeal to crypto industry players.
📣⚽️World Champion Paul Pogba partnering with NFT project CryptoDragons!

🐉 🔥 After first successful stage of Reservation, during which 500 Dragon Eggs were “sold out” in seconds, CryptoDragons entered into partnership with World Champion Paul Pogba.

“Father of Dragons is here” announced Paul Pogba, along with the next available Reservation date: November 21, 12 pm EST.

🌐Visit: cryptodragons.com
​Spooky Shiba - first horror-NFT project 😱

Spooky Shiba - is a BSC token, BUT the project itself is based on the interconnection with the NFT market! All token holders will automatically participate in daily and weekly lotteries with pretty curious rewards 🎁

Spooky Shiba is subject to 10% tax: 5% for the liquidity pool and 5% for a marketing wallet.
Expenses gonna be redirected to the involvement of famous YouTube bloggers and affluent Twitter personas! Ads broadcast on all main social networks and even in New York - Times Square billboard 🔥

There are 3 different NFT rarity levels: Common, Rare, and Legendary.
There will also be a set of 222 NFTs, 111 of these will be raffled off as prizes, while the remaining 111 will be available for purchase!

Future plans: HORROR METAVERSE 🤫

💭 Gonna be honest - the project looks indeed interesting and promising.
• Follow the link to buy the token: LINK
• Got any questions? You’re very welcome to our chat: ENG