Additional

Aquaris AMA Session With BeInCrypto

Hi Everyone! Welcome to another BeInCrypto AMA Session.Sponsored Sponsored Today we have Andrei (@Andrei_AQUARIS) and Alex (@AlexAQUARIS). They are respectively co-founder and COO of Aquaris.  For the uninitiated, Aquaris is a platform that aims to modernize and optimize the fish product industry using blockchain technology.Sponsored Sponsored BeInCrypto (BIC): Here is how things will work. I’ll have 10 questions for them. After that, they will pick up 5 out of all the questions you asked before the session. Good luck to you all!(This AMA session has been edited for clarity.) BIC:

IRS Seized $3.5 Billion in Crypto This Year, Expects Further Billions

The United States Internal Revenue Service (IRS) seized cryptocurrency worth $3.5 billion during the fiscal year of 2021.Sponsored Sponsored According to the latest IRS criminal investigation report, this figure represents 93% of assets seized by tax enforcement over the past year. The tax collection agency believes that it could seize further billions in crypto from tax fraud and other crimes over the coming year.Sponsored Sponsored “I expect a trend of crypto seizures to continue as we move forward into fiscal year ‘22,” said IRS Criminal Investigation Chief Jim Lee. “We’re

The Future is Near: The First-Ever Sports Team Starts Paying Salaries in Bitcoin

Nov 18, 2021 at 11:00 // News A professional baseball team from Australia, Perth Heat, announced on November 17 that they will remunerate their players and employees using bitcoin. To introduce the new financial system, the club has already hired a chief Bitcoin officer and partnered with a cryptocurrency platform. The flagship coin is also adopted as a means of payment for sponsorships, fan merchandise, etc. According to the ABC news outlet, players will be able to choose the means of payment they want. Switching to Bitcoin will not be

Ethereum-based real-time banking tool Sablier expands to Polygon, Binance Smart Chain

Sablier, an Ethereum protocol for real-time banking, announced the launch of its infrastructure on Polygon and Binance Smart Chain Wednesday, with the goal of improving efficiency and lowering fees. Sablier may now be used for streaming payroll, payments, and subscriptions by a larger user base thanks to the deployments throughout these chains. Gas fees slashed by thousands of percent When compared to Ethereum gas expenses, the Sablier launch on Polygon is expected to save customers 676,750%, while the Sablier deployment on Binance Smart Chain would save users more than 12,000%.

Valkyrie to unveil $100 million DeFi fund next week

Valkyrie Investments has announced the establishment of a $100 million decentralized finance fund aimed at institutional investors.  The fund will provide exposure to the fast-growing sector of decentralized finance, popularly known in the crypto community as DeFi. It is expected that the “On-Chain DeFi fund,” which will go live on November 22, would invest in approximately a dozen protocols dispersed across 13 blockchains. Accredited investors in the United States and abroad will be allowed to participate in the fund. More info on Valkyrie’s DeFi hedge fund According to Wes Cowan,

Is Litecoin becoming the hub of FOMO among the older cryptos

When AMCTheatres enabled the option to pay in cryptos, Litecoin registered a decent hike. The reasoning seemed genuine and even additional metrics pointed out that it was probably an organic rise in the short term. However, on further research, it appeared that Litecoin has begun following a pattern. One where it goes up by a significant margin, sits there for a while, and then drops back down, canceling all or most of the growth. An example of the same can be found on the chart itself. For better reference, occurrences

Introducing GoFungibles’ community governance in the world of crypto

OkDecentralization and Web 3.0 are hot topics in the world right now. A byproduct of blockchain technology is the emerging world of Web 3.0. The idea behind Web 3.0 is that users on the internet will interact with each other and data will be stored in a decentralized way, giving users data privacy and sovereignty. This is different from Web 2.0, where most of the activity on the internet is composed of users interacting with each other and data stored in centralized storage locations that are controlled by large companies.

GoldPesa launches a gold-backed token with Upside

GoldPesa transforms gold into an income-generating asset class that trades at a premium. GoldPesa is launching a gold-backed token that trades at a premium and safely generates wealth for token holders. Each GoldPesa token (“GPX”) is backed by 1 gram of gold stored in a secure vault while not being a stable coin. Over the years, gold has earned a reputation as a good inflation hedge. Nevertheless, owning gold as an asset class doesn’t generate any yield. In fact, storing gold securely actually costs money. GoldPesa is solving this problem

Cosmos liquid staking protocol pSTAKE raises $10 million in seed funding

pSTAKE, a liquid staking protocol from blockchain startup Persistence, has raised $10 million in a seed funding round.Three Arrows Capital, Galaxy Digital, Sequoia Capital India, and DeFiance Capital co-led the round, with Coinbase Ventures, Tendermint Ventures, Kraken Ventures, Alameda Research, and Sino Global Capital also participating. Several angel investors, including Aave's Ajit Tripathi, Terra founder Do Kwon and Alpha Finance co-founder Tascha Punyaneramitdee, also backed the round. Crypto staking infrastructure providers, including Stake.fish, Figment Fund, Everstake, and Chorus One, also joined the round. This was pSTAKE's first fundraise and was

‘Triad’ members kidnap and torture Hong Kong crypto trader who manages to escape

A 39-year-old Hong Kong man was kidnapped and held for ransom last week after meeting a Tether buyer in Kowloon Bay.  The man was taken inside an industrial facility, assaulted, and forced to hand over his phone and trading platform passwords.  He was held captive for about a week at Tai Po, northern Hong Kong. His kidnappers demanded HK$30M from his family.  His relatives contacted the cops on Nov. 9, 2021. The police then stormed the house where the victim was being held, but he managed to flee through a

BNBMatrix: Generate 17% Daily ROI with this Smart Contract

Binance Smart Chain network-based Smart Contract is the rising star in the crypto business. As a matter of fact, it is considered to be a crucial contributor to the blockchain economy. Lately, countless financial opportunities have been coming up for crypto investors and enthusiasts in various forms. DeFi (Decentralized finance) is one such protocol. It has not only provided many users a better alternative to low-interest rates (from conventional investments) but also made it possible for them to trust an unbiased, decentralized platform. In this world of infinite possibilities, Smart