among

Kucoin Labs Launches $100 Million Metaverse Investment Fund

Source Node: https://news.bitcoin.com/kucoin-labs-launches-100-million-metaverse-investment-fund/
Time Stamp: November 19, 2021 6:00 AM - Modified On: November 19, 2021 - Published By:
Source Cluster:
Republished By Plato

Kucoin Labs, the investigative and investment arm of Kucoin, a cryptocurrency exchange, has launched a $100 million fund to incubate early metaverse related projects. These include blockchain gaming initiatives, NFT platforms, and decentralized platforms, among others. The support will also include direct involvement with the projects selected, including counseling about branding and marketing. Kucoin Invests in Metaverse Kucoin, one of the leading exchanges in Asia, has taken the first step to hop on the metaverse train. The investment and investigation arm of the exchange, Kucoin Labs, has launched a $100

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

Source Node: https://beincrypto.com/irs-seized-3-5-billion-in-crypto-this-year-expects-further-billions/
Time Stamp: November 19, 2021 6:00 AM - Modified On: November 19, 2021 - Published By:
Source Cluster:
Republished By Plato

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

Aquaris AMA Session With BeInCrypto

Source Node: https://beincrypto.com/aquaris-ama-session-with-beincrypto/
Time Stamp: November 19, 2021 6:00 AM - Modified On: November 19, 2021 - Published By:
Source Cluster:
Republished By Plato

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:

Bitrefill Lets El Salvadorans Pay All Accounts with BITCOIN

Source Node: https://www.cryptonewsz.com/bitrefill-lets-el-salvadorans-pay-all-accounts-with-bitcoin/
Time Stamp: November 18, 2021 8:30 AM - Modified On: November 18, 2021 - Published By:
Source Cluster:
Republished By Plato

Bitrefill is a well-known business among the Bitcoiners allowing them access to over four thousand gift cards by paying through BTC. Earlier this year, they partnered with Salvadoran startup Hugo App to enable Bitcoin exchange for Hugo’s wide range of goods and services. The ability to pay with bitcoin is on the rise as Bitrefill announced a new service that allows Salvadorans to pay their bills in BTC.  Bitcoin became proper legal tender in El Salvador starting this year on September 7, persuading all companies to accept BTC as a form

Avalanche’s AVAX Token Surges to All-Time High

Source Node: https://www.cryptonewsz.com/avalanches-avax-token-surges-to-all-time-high/
Time Stamp: November 18, 2021 8:14 AM - Modified On: November 18, 2021 - Published By:
Source Cluster:
Republished By Plato

Avalanche has grown steadily this year and competes with Ethereum by developing its DeFi ecosystem. It is the fastest-growing smart contracts platform in the blockchain industry. It can be used to solve various problems in enterprises, institutions, and governments, including debt financing and asset insurance.  Avalanche was launched by Ava labs, which was founded by Emin Gun Sirer, a Cornel University Professor. It has integrated various Defi projects like Reef, bZx, SushiSwap, and Securitise. It is also collaborating with the Ethereum network, which will allow transfers of assets between two

Reddit user discovers 61.3 million LRC moved to Loopring Exchange

Source Node: https://bitcoinerx.com/blockchain/reddit-user-discovers-61-3-million-lrc-moved-to-loopring-exchange/
Time Stamp: November 18, 2021 4:34 AM - Modified On: November 18, 2021 - Published By:
Source Cluster:
Republished By Plato

Investors and market observers are speculating that a recent Loopring transaction is linked to a GameStop (GME) float.  On Tuesday, a deposit of 61.3 million LRC ($164.8 million) was made on the Loopring Exchange. In addition, the assets were transferred from layer 1 to layer 2. This transaction was discovered by a Reddit user u/Prof Dankmemes, who claimed that the address that initiated the transfer had “connections.”  The connection in question is said to have previously been linked to Loopring’s Chief Executive Officer and founder, Daniel Wang. This might be

Valkyrie to unveil $100 million DeFi fund next week

Source Node: https://bitcoinerx.com/blockchain/valkyrie-to-unveil-100-million-defi-fund-next-week/
Time Stamp: November 18, 2021 4:25 AM - Modified On: November 18, 2021 - Published By:
Source Cluster:
Republished By Plato

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,

Israel adds more teeth to crypto and money laundering regulations

Source Node: https://bitcoinerx.com/blockchain/israel-adds-more-teeth-to-crypto-and-money-laundering-regulations/
Time Stamp: November 18, 2021 4:21 AM - Modified On: November 18, 2021 - Published By:
Source Cluster:
Republished By Plato

In its campaign against cryptocurrency fraud, Israel is upping the ante. New legislation has gone into action to prevent illegal behavior and normalize the use of bitcoin and other FinTech products, according to the Authority for Combating Terrorism Financing and Money Laundering’s director.  The execution of these regulations, as stated by the leader, Shlomit Wegman, will help to establish order and clear norms. New restrictions and benefits The regulations are a direct result of the Financial Action Task Force’s 2018 requirements. The Financial Action Task Force (FATF) is made up

Is Litecoin becoming the hub of FOMO among the older cryptos

Source Node: https://ambcrypto.com/is-litecoin-becoming-the-hub-of-fomo-among-the-older-cryptos/
Time Stamp: November 18, 2021 3:30 AM - Modified On: November 18, 2021 - Published By:
Source Cluster:
Republished By Plato

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

Finixio Launches Two Cryptocurrency Betting Websites fo the Nordic Market

Source Node: https://cryptopotato.com/finixio-launches-two-cryptocurrency-betting-websites-fo-the-nordic-market/
Time Stamp: November 17, 2021 3:27 AM - Modified On: November 17, 2021 - Published By:
Source Cluster:
Republished By Plato

[PRESS RELEASE – Please Read Disclaimer] The growth of the cryptocurrency space, which showed the world that the underlying technology – blockchain – can transform different industries, led to the emergence of many legacy businesses that want to take a sip from that revolution. The casino and betting niches are among those, with numerous cryptocurrency-related projects opening their doors for customers. The growing competition, though, pushed many new protocols to come up with incentives for users, which is the case with the recently launched betting sites for the Nordic market

Mt. Gox Bitcoin Rehabilitation Plan Gets Final Approval From Trustee Board

Source Node: https://beincrypto.com/mt-gox-bitcoin-rehabilitation-plan-final-approval-trustee-board/
Time Stamp: November 17, 2021 3:25 AM - Modified On: November 17, 2021 - Published By:
Source Cluster:
Republished By Plato

The Mt. Gox bitcoin rehabilitation plan, which would reimburse 150,000 BTC to victims of the exchange hack has gained final approval from the trustee board. The development marks one of the final steps before the Mt. Gox saga is finally put to rest.Sponsored Sponsored The rehabilitation plan for Mt. Gox has gained final approval from the trustee and has become final and binding, according to a notice published on Nov 16. The confirmation has been a long time coming, after news of a rehabilitation plan emerged in January 2021. The

Loopring CEO Moves 61.3 Million LRC, Triggering GameStop NFT Speculation

Source Node: https://beincrypto.com/loopring-ceo-lrc-gamestop-nft-speculation/
Time Stamp: November 17, 2021 1:50 AM - Modified On: November 17, 2021 - Published By:
Source Cluster:
Republished By Plato

On Nov 16, a transaction of 61.3 million LRC being moved to layer 2 occurred on the Loopring network. The Crypto community speculates that this could be a move to support a forthcoming GameStop NFT marketplace.Sponsored Sponsored Investors and market speculators are having a field day after a recent Loopring transaction has them thinking that it could be related to a GameStop (GME) float. On Nov 16, a deposit of 61.3 million LRC, worth $164.8 million, on the Loopring Exchange occurred. The assets were also moved from layer 1 to