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“# Kraken to delist Monero for UK customers by the end of November ” In an email quoted by Reddit users, Kraken, the world’s eight largest cryptocurrency exchange by trading volume, announced it would be delisting privacy coin Monero (XMR) in compliance with regulations in the United Kingdom. The platform will cease all XMR trading…
“# Bloktopia co-founder aspires to build a metaverse with ‘hundreds of the best crypto projects’ ” Bloktopia is a virtual skyscraper in the Metaverse comprised of 21 levels to pay homage to the 21 million total maximum supply of Bitcoin (BTC). Owners of its BLOK tokens will be known as Bloktopians. Users will be able…
“# ‘We are the number two crypto miner in the world, and we see practically no financial return,’ says Kazakhstan President Tokayev ” During a meeting with representatives of the financial sector on Friday in Almaty, Kassym-Jomart Tokayev, President of Kazakhstan, expressed his opinion on the current state of affairs of the country’s cryptocurrency industry….
“# Finance Redefined: Acala wins Polkadot parachain, and Iota set to launch Shimmer, Nov. 12–19 ” Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. Read on to discover why almost half of the liquidity providers on Uniswap v3 are losing capital due to impermanent loss. What you’re about to read is the smaller…
“# Binance.US aims for a ‘mega funding,’ reveals CZ ” Binance CEO Changpeng Zhao revealed that the United States branch of worldwide crypto exchange, Binance.US, is expected to complete a funding round to raise a “couple hundred million.” Speaking at the Bloomberg New Economy Forum, CZ claimed that he was unaware of the precise amount. However,…
“# Binance opens layer-2 ETH deposits with Arbitrum One integration ” Today, Binance announced the integration of the Arbitrum One core network and opened Ether (ETH) deposits on the Arbitrum One Layer 2. Arbitrum is a third-generation layer-2 optimistic rollup protocol that runs on an off-chain Ethereum contract and lowers costs and speeds up transactions…
“# ‘We want to build Minterest as a fairer financial system,’ says CEO Josh Rogers ” Decentralized finance (DeFi) protocols have gained significant traction in the cryptocurrency sector, with a total value locked surpassing $271 billion, based on data from DefiLlama. One exceptionally popular category of DeFi services is that of decentralized borrowing and lending,…
“# Acala wins first Polkadot parachain auction with over 32M DOT staked ” On Thursday morning, Acala, a decentralized finance (DeFi) protocol operating on the Polkadot (DOT) network, announced it had won the first-ever Polkadot parachain auction. Acala raised a total of 32.5 million DOT, worth roughly $1.28 billion, from 24,934 contributors via an initial coin…
“# Nym Technologies raises $13M to develop surveillance-evasion platform ” European security startup Nym Technologies has announced a $13 million funding round coordinated by renowned crypto investor Andreessen Horowitz, or a16z, and further participated by a venture capital firms Digital Currency Group, Tayssir Capital, Huobi Ventures, Hashkey and Fenbush. This third funding round represented their…
“# Boson Protocol seeks to blend physical and digital marketplaces in the Metaverse ” Boson Protocol is a decentralized commerce protocol that seeks to enable the sale of physical goods, services and experiences in the Metaverse as nonfungible tokens (NFTs), and hopes to provide an infrastructure layer for exchanging assets of non-monetary value. For example,…