Tag: argentina

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KuCoin in Talks to Buyout Ailing Crypto Companies – Top Crypto Updates

KuCoin in talks to buy out ailing crypto companies

Crypto exchange KuCoin is in talks to buy the assets of distressed companies with strong core technologies, said CEO Johnny Lyu. The company is looking into crypto firms that can contribute to the growth of the industry but are being hurt in the market downturn. Lyu also said there will be a “not so dramatic” de-coupling of the crypto market from the traditional financial markets in the near future.

He added that the crypto industry cannot grow while it continues to follow the rules set by centralized financial markets.

Crypto prices today: Bitcoin up 3.5%, ETH rises 4%

Bitcoin is currently trading at $19,866.63, an increase of 3.53% over the previous day. Ethereum is up 4% over the last 24 hours to $1,343.24. Solana rose 4.4% to $33.6, while Cardano is trading higher by 2.8% at $0.433. Avalanche (AVAX) rose 4.20% to $17.34. The global crypto market cap stands at $952.14 billion, a 2.63% increase over the previous day.

NFT monthly sales top $947M as Solana gains ground on Ethereum

As per a DappRadar report, the non-fungible token (NFT) market produced almost $947 million worth of trading volume in September 2022. That compares to $927 million in August and nearly $916 million in July. Solana NFT sales nearly doubled last month due to high-profile projects. While overall volume remained stagnant, individual NFT sales are keeping pace and high-value NFTs on Ethereum are still selling.

Argentina’s state-owned energy company moves into crypto mining

YPF, Argentina’s state-owned energy company, is supplying power to an undisclosed international crypto mining company. Three months ago, the renewable energy arm of YPF (YPF Luz) commenced a 1 megawatt (MW) pilot operation that provides power generated from waste gas left over from oil production.

Unregulated crypto could pose threat to financial system: FSOC

The US Financial Stability Oversight Council (FSOC) warned that cryptos could pose risks to the financial system if their overall scale or link with traditional banking grows without regulation and oversight. “The rapid growth of digital asset activities, including stablecoins and lending and borrowing on digital assets trading platforms, is an important emerging vulnerability,” the FSOC said in a new report.

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FBI Issues Warning Over Vulnerable DeFi Platforms – Top Crypto Updates

FBI issues warning over vulnerable DeFi platforms

The Federal Bureau of Investigation issued a new warning focused on attacks against decentralized finance (DeFi) platforms. Cybercriminals have been exploiting vulnerabilities in the smart contracts that govern them. Between January and March 2022, cybercriminals stole $1.3 billion in crypto, almost 97% of which was stolen from DeFi platforms,” the agency said.

The FBI recommended the careful study of DeFi platforms, protocols, and smart contracts before investing.

Crypto prices today: Bitcoin up 3.5%, ETH rises 10%

Bitcoin is currently trading at $20,542.64, an increase of 3.5% over the previous day. Ethereum is up 9.8% over the last 24 hours to $1,595.61. Solana surged 8.1% to $32.97, while Cardano is trading higher by 5.15% at $0.454. Avalanche (AVAX) has jumped 13.5% to $20.44. The global crypto market cap stands at $996.5 billion, a 4.55% increase over the previous day.

Meta adds Ethereum, Polygon NFT cross-posting between Facebook and Instagram

Meta has added the ability to cross-post non-fungible tokens (NFTs) across Facebook and Instagram for select U.S. users. The company wants to make it easier for users to share their NFTs by only requiring a one-time wallet connection on either Facebook or Instagram. The user’s wallet can be automatically recognized if cross-posting is enabled under account settings on either application. 

Crypto lender Hodlnaut placed under interim judicial management

Troubled crypto lender Hodlnaut has been placed under interim judicial management (a form of creditor protection) by a Singapore court. The company will be protected from legal proceedings from third parties. Three weeks earlier, Hodlnaut froze withdrawals due to “difficult market conditions”.

Argentina’s Mendoza Province accepts crypto for tax payments

The Argentine province of Mendoza has enabled the payment of taxes with cryptocurrencies. Users will be able to pay with any crypto wallet, including Binance, Bitso, Buenbit, Bybit, Ripio, and Lemon. Mendoza will only accept stablecoins such as DAI and USDT for tax payments. Crypto payments will be converted to Argentine Pesos by an undisclosed online payment service provider.

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Invesco Launches New $30 Million Metaverse Fund – Top Crypto Updates

Invesco launches new $30 million Metaverse Fund

Global asset management firm Invesco has launched an investment fund focused on the Metaverse. The Invesco Metaverse Fund is registered in Luxembourg and has a size of approximately $30 million. It will invest in large, medium, and small-cap companies across the Metaverse Value Chain.

The Metaverse refers to an integrated network of immersive 3D worlds and online communities where people interact by using virtual reality headsets and augmented forms of reality.

Crypto prices today: Bitcoin down 0.4%, ETH up 1%

Bitcoin is currently trading at $21,170.1, a decline of 0.4% over the previous day. Ethereum is up 0.99% over the last 24 hours to $1,589.48. Solana fell 1.75% to $34.86, while Cardano is trading higher by 0.56% at $0.453. Polygon (MATIC) is up 1.17% to $0.804. The global crypto market cap stands at $1.01 trillion, a 0.22% increase over the previous day.

Argentina’s presidential candidate sued over alleged crypto Ponzi scheme

Javier Milei, one of Argentina’s presidential candidates, is being sued for allegedly promoting a crypto Ponzi scheme. Last year, he uploaded an Instagram post to his 1.3 million followers promoting CoinX, a crypto investment platform that promised huge returns to users. However, CoinX was forced to close down after Argentina’s National Securities Commission (CNV) warned that the platform had no legal right to operate in the country and ordered it to stop operations.

Crypto trade growing in Asia, need regulatory frameworks: IMF

In a blog titled ‘Crypto is More in Step With Asia’s Equities, Highlighting Need for Regulation,’ the IMF said digitalization of the payment system can foster financial inclusion. But at the same time, crypto assets can pose risks to financial stability.

Asia has rapidly embraced crypto assets, which raises the important issue of the extent of integration of crypto into the financial system in the region.

Read more here.

Telegram to launch marketplace for address auctions

Messaging platform Telegram could soon offer a marketplace to auction addresses, said founder Pavel Durov. He proposed that Telegram could re-introduce elements of Web3 by auctioning off “@ usernames, group, and channel links.” He referenced an earlier auction of wallet domain names on The Open Network, the protocol he developed alongside Telegram.

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Argentina Bans Banks From Offering Crypto Services – Top Crypto News

Argentina’s central bank bans lenders from offering crypto services

The Central Bank of the Argentine Republic (BCRA) has barred banks in the country from offering crypto services. Lenders are prohibited from offering customers any operations involving unregulated digital assets. The announcement comes just days after Banco Galicia (Argentina’s largest private bank) added the option to buy and sell crypto on its platform.

Crypto prices today: Bitcoin falls 8%, ETH down 6.4%

Bitcoin is currently trading at $36,418.38, a 7.94% decline over the previous day. Ethereum is down 6.34% over the last 24 hours to $2,743.06. Solana crashed 10.8% to $82.96, while Cardano is trading lower by 8.24% at $0.793. Avalanche (AVAX) crashed 12.27% to $58.79. The global crypto market cap stands at $1.67 trillion, a 6.86% decline over the previous day.

Investors have turned risk-averse amid fears of aggressive interest rate hikes to curb inflation.

Twitter’s Bluesky releases first code for decentralized social media network

Bluesky, a Twitter-backed project to develop an open and decentralized standard for social media, released its first bit of code. The Authenticated Data eXperiment (ADX) code contains a software developer kit. It also contains server implementation and basic commands for things one might do within a social network, including creating posts and liking others’ posts.

ONMO launches crypto payments for users

ONMO, the direct-to-consumer social esports mobile gaming platform from OnMobile, has enabled transactions through Bitcoin for players across the globe. While ONMO users in India can play using real money, users in other parts of the globe will now have the choice of using Bitcoins to pay entry fees for 1-on-1 battles and daily multiplayer tournaments.

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Argentina’s Largest Private Bank to Offer Bitcoin Trading – Top Crypto News

Argentina’s largest private bank to offer Bitcoin, Ethereum trading

Buenos Aires-based Banco Galicia will make four cryptocurrencies available to customers—Bitcoin, Ethereum, USD Coin, and XRP. It has launched a new and innovative service for its customers, offering the purchase, sale, and custody of crypto in a simple, secure manner. Banco Galicia is the largest private bank in Argentina.

Crypto prices today: Bitcoin down 1.2%, ETH falls 0.5%

Bitcoin is currently trading at $38,511.6 a 1.22% decline over the previous day. Ethereum is down 0.58% over the last 24 hours to $2,841.94. Solana fell 2% to $88.41, while Cardano is trading lower by 0.54% at $0.788. Avalanche (AVAX) rose 2.19% to $61.33. The global crypto market cap stands at $1.74 trillion, a 0.85% decline over the previous day.

ApeCoin tanks after chaos surrounding Bored Ape Yacht Club creator’s metaverse NFT land sale

ApeCoin, the crypto tied to the popular Bored Ape Yacht Club NFT ecosystem, fell nearly 13% over the last 24 hours. Recently, Yuga Labs (the company behind the Bored Ape NFTs) made $350 million by selling “Otherdeeds” Ethereum-based, virtual land deed NFTs for its highly-anticipated metaverse project, “Otherside”. However, Ethereum became congested with transactions, and the blockchain was unusable for hours. A record amount of Ether was also permanently destroyed.

Crypto.com restarts staking rewards

Crypto.com CEO Kris Marszalek said the firm would continue to offer staking rewards to its card users a day eliminating the reward program. The decision had led to a backlash among community members on social media sites like Reddit and Twitter. However, the company backtracked on its decision to fully end staking rewards, where card users locked up CRO for 180 days to earn yields.

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Ukraine Legalises Crypto – Top Crypto News

Ukraine’s President signs virtual assets bill into law, legalizing crypto

Ukrainian President Volodymyr Zelenskyy has signed a virtual assets bill into law, thus legalizing crypto in the country. Amidst Russia’s invasion, Ukraine has been receiving millions in digital asset donations to support its defense. The new law determines the legal status, classification, ownership, and regulators of virtual assets. It also sets registration requirements for crypto services providers.

The crypto market will be regulated by Ukraine’s National Commission on Securities and the Stock Market.

Crypto prices today: Bitcoin rises 3.2%, ETH up 4%

Bitcoin is currently trading at $40,805.6, a 3.2% increase over the previous day. Ethereum is up 4.2% over the last 24 hours to $2,753.5. Solana rose 5.4% to $87, while Cardano is trading higher by 4.7% at $0.84. Avalanche (AVAX) jumped 9.2% to $75.84. The global crypto market cap stands at $1.81 trillion, a 3.11% increase over the previous day.

Argentina cracks down on crypto with anti-money laundering rules

Argentina is set to include crypto firms in its wider anti-money laundering (AML) regulatory regime. Unidad de Información Financiera (UIF) is the country’s competent authority when it comes to regulating money laundering risks. As per reports, UIF is working on adding crypto firms to the list of entities subject to AML reporting requirements.

The Sandbox Metaverse token jumps 8% amid HSBC, Paris Hilton tie up

Multinational investment bank HSBC has become the latest corporate giant to enter the Metaverse through a partnership with The Sandbox. HSBC will acquire a plot of virtual real estate in the Sandbox metaverse to increase engagement and connect with sports, e-sports, and gaming enthusiasts. Paris Hilton also announced a partnership with The Sandbox, wherein the singer would appear as her voxel avatar.

Dubai grants Virtual Asset Licence to Binance for regional business

Dubai’s Virtual Asset Regulatory Authority (VARA) has granted a Virtual Asset Licence to crypto exchange Binance to conduct regional operations. Binance can extend limited exchange products and services to pre-qualified investors and professional financial service providers. The exchange will also anchor a blockchain technology hub in the Dubai World Trade Centre (DWTC).