DBS Bank joined the governing board of Hedera Hashgraph

Cryptocurrency News

DBS Bank Joins Hedera Hashgraph Governing Council Singapore-based DBS Bank has joined the Hedera Hashgraph Governing Board to explore the possibilities of blockchain use in the banking industry. Hedera Hashgraph is developing an enterprise blockchain for building applications in a decentralized economy. Hedera’s website states that DBS was one of the first banks in Southeast Asia to join Hedera’s governing board. DBS intends to contribute to the exploration of the possibilities of blockchain and distributed…

Crypto Industry Defenders Protest Ban on Placing NFT Games on Steam

Cryptocurrency News

A non-profit organization of lawyers insists on lifting the ban on the placement of games using NFT and cryptocurrencies on the Steam platform. In October, the popular PC game distribution platform Steam updated its terms of use, banning any games using NFTs, cryptocurrencies, and other blockchain-based technologies. In this regard, the non-profit organization of lawyers “Fight for the Future”, which protects the digital rights of citizens, including in the field of cryptocurrencies, sent an open…

The Central Bank of Spain ordered the operators of cryptocurrency services to register

Cryptocurrency News

The Central Bank of Spain has published a guide to registering companies, marketplaces and banks wishing to provide cryptocurrency services to Spanish citizens. Last week, local banks asked the Bank of Spain to clarify whether they should register with the register of cryptocurrency service operators if their activities are already controlled by the regulator. The central bank dispelled their doubts by stating that any institutions and individuals wishing to provide cryptocurrency services in the country…

Janet Yellen proposed to introduce a tax on unrealized capital gains

Cryptocurrency News

The introduction of a tax on unrealized capital gains will force investors to pay for the growth of the rate of cryptocurrencies, even those that are passively lying in the wallet. If the proposal of the US Treasury Secretary is accepted, cryptocurrency holders will have to sell their assets or pay for their rise in price from their fiat income. This will have fatal consequences for the middle and lower classes who own cryptocurrencies. Janet…

Tribe Capital will launch a $ 75 million cryptocurrency fund to support startups

Cryptocurrency News

Initially, the investment fund sought to raise $ 50 million, but due to increased investor interest, this amount was increased to $ 75 million. The fund intends to direct 75% of investments to projects of North American companies and 25% to international startups. Tribe Capital, a venture capital firm with over $ 1.3 billion, has previously shown deep interest in the crypto industry. She invests about 20% of assets in cryptocurrency projects. In particular, the…

South Korean Pension Fund Prepares to Invest in Crypto ETF

Cryptocurrency News

The Pension Fund for Scientists and Educators of South Korea decided to invest part of the capital in ETFs on Bitcoin futures. This is the first time a Korean pension fund invests in the cryptocurrency industry. The Korean Faculty and Staff Mutual Aid Foundation plans to start investing in the first half of 2022: in a local cryptocurrency ETF, if launched, or in a similar instrument on an overseas platform. The investment will be determined…

FTX Exchange raised $ 420 million in the next round of financing

Cryptocurrency News

The owner of the company, Sam Bankman-Fried, believes that the bulk of investors have invested in the trading platform amid the growth of the cryptocurrency market. FTX has closed a new round of B-1 funding. 69 investors took part in the financing. Among them are BlackRock and Tiger Global, Ribbit Capital, and billionaires Alan Howard and Israel Englander, who participated in the previous round of funding. The exchange attracted investments in the amount of $…

CFTC investigates the activity of the cryptocurrency prediction market Polymarket

Cryptocurrency News

CFTC investigates the activity of the cryptocurrency prediction market Polymarket The activities of the Polymarket sweepstakes, which are preparing for the upcoming round of financing, have repeatedly attracted the attention of the Commodity Futures Trading Commission (CFTC). The regulator is investigating the New York cryptocurrency prediction platform for illegal offers to users of swaps and binary options. In addition, the Commission is considering whether the platform should obtain a regulatory license. The CFTC has studied…

On Binance.US, the bitcoin rate collapsed to $ 8,200 due to an error in the trading algorithm

Cryptocurrency News

Yesterday, on the site of the American division of the Binance exchange, the BTC rate collapsed to $ 8,200. Binance.US reported that the reason was an error in the algorithm for institutional clients. On Thursday, October 21, at about 14:30 Moscow time on the Binance.US trading platform, the bitcoin rate paired with the US dollar in a few seconds fell from $ 65,760 to $ 8,200. The decline was also recorded on other sites, but…

Research: open interest in bitcoin futures returns to record levels

Cryptocurrency News

According to data from analytical website Bybt, the aggregate open interest in Bitcoin futures contracts on major exchanges is $ 27.2 billion. This is slightly less than the figure fixed in mid-April – $ 27.38 billion. The growth of open interest in futures for bitcoin occurs against the background of the rise in the bitcoin rate to $ 66-67 thousand. An increase in open interest signals an increase in liquidity in the market, which is…