Largest crypto economy, Bitcoin hits Verifone, Alibaba ban + More news

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Adoption News Central, Northern and Western Europe (CNWE) has the world’s largest crypto economy, receiving over $ 1 billion worth of crypto in the past year, which accounts for 25% of global business, according to Chainalysis. After coming in second last year, CNWE’s new position in first place is the result of tremendous growth from July 2020, combined with a relative decline in activity in East Asia, they added. Crypto payments company BitPay and retail payment company Verifone announced the extension of BitPay’s blockchain payment technology to enable cryptocurrency payments to consumers on Verifone’s in-store cloud services and eCommerce platforms to United States. Merchants will be able to accept crypto payments directly from Verifone without the need for an account with BitPay, while consumers will be able to pay using approved crypto wallets. Fintech firm Revolut is looking to launch its own crypto token, CoinDesk reported, citing undisclosed sources. . The report claims the company will manufacture something similar to an exchange token instead of creating a stablecoin, subject to approval by the UK’s Financial Conduct Authority (FCA). Morgan Stanley analyst Ken Zerbe released a research note recommending actions in cryptocurrencies. target bank Silvergate, by ZeroHedge. He added that this is one of the more “separate” banks they cover and is severely undervalued at its current price of $ 109, saying $ 158 would be more accurate. Prohibit the sale of crypto miners on its platform, as well as tutorials, strategies, and software that can be used for crypto mining. The ban takes effect October 8, and the company advises that members of its platform “have a responsibility to comply with relevant laws and regulations applicable to any country of sale.” monitoring cryptocurrency mining operations in foreign countries. ”The bill would require the Treasury Department to report to Congress on virtual currencies and their use around the world – including how other countries are using and mine cryptocurrencies, and how cryptocurrency mining operations impact supply chains, including for critical technologies like semiconductors, according to the announcement. BeePool, the fourth largest Ethereum’s (ETH) mining pool in terms of processing power, or hashrate (6% of the total hashrate), said that as of October 15, it will suspend its services. Security InformationA malicious add-on to Firefox called “Safepal Wallet” has been emptying users’ wallets for months, claiming to be the real SafePal wallet containing various crypto assets, with Mozilla responding that they will “look into this.” One not sure how the fraudulent wallet was listed in the first place. NFT news-based marketplace for non-fungible tokens (NFT) VeVe has announced its partnership with entertainment company Metro Goldwyn Mayer (MGM) and EON Productions to launch a series of NFTs from the James Bond franchise. NFTs are celebrating the upcoming No Time to Die with a range of different digital collectibles. Nolan Bushnell, founder of video game company Atari, announced The Arcade OG Series of NFT in partnership with the NFT MakersPlace Marketplace. Each Arcade OG Series collectible comes with an augmented reality experience that allows users to view the 3D rendering of the arcade cabinet in any real world space. of digital naira. The new website says the eNaira serves as both a medium of exchange and a store of value, offering “better payment prospects in retail transactions compared to cash payments.” build a CBDC for the Republic of Tajikistan. The currency will be used for retail and commercial payments, as well as for currency exchange. more, according to a blog post. Users can set up direct deposit and decide what percentage of their paycheck they want to deposit, as well as whether they want to receive it in US dollars or any of the available cryptocurrencies. Securitize Markets which allows investors to invest and trade a range of alternative assets, including shares of private companies, real estate and funds, within a single regulated digital market. Social token infrastructure firm, Roll, said it has raised US $ 10 million in Series A funding led by IOSG Ventures with participation from Animoca Brands, Alchemy, Huobi Ventures, and more. Roll is used by 350 creators to date, while in the past month Roll’s social tokens have eclipsed $ 250 million in market value and over $ 2 million in daily trade volume, said the society. Nahmii, a Layer 2 (L2) scaling protocol for the Ethereum blockchain, said it has launched an L2 scaling solution “prepared for the institutional scale” and raised $ 8 million in an investment round led by DARMA Partners, the general partner of DARMA Capital, an investment fund managed by Ethereum veterans Andrew Keys and James Slazas. Angle Labs, the company behind the Angle protocol, has raised a US $ 5 million funding round led by Andreessen Horowitz, TechCrunch reported. The small team worked on a euro stablecoin on the Ethereum blockchain, he added. West Realm Shires Services Inc. and FTX Trading Ltd, the companies behind the FTX US and FTX.COM exchanges, have announced a long-term partnership with running back Aaron Jones of the Green Bay Packers. In addition to being an FTX Ambassador, Jones bought a stake in FTX. As part of the deal, Mr Jones’ compensation will be paid in cryptocurrency, they added.

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