Crypto Market Highlights 12/11/2021
Crypto Dilemma in Indonesia, Bitcoin Profits in Miami, Disney’s Metaverse and many highlights of the crypto market that have been compiled over the past 24 hours
Crypto Market Highlights: Investment News
- MineOne Cryptocurrency Mining Fund says it raised $ 20 million for its first fund in October.
- According to Reuters, the fintech startup Spectral Finance raised $ 6.75 million in an early financing round for investors such as the social capital of the venture capitalist Chamath Palihapitiya. Founded in 2020, the company uses blockchain technology to calculate users’ creditworthiness, which is designed to improve credit risk ratings.
- Cryptocurrency investment platform Kikitrade announced that it has raised $ 12 million to accelerate growth in Asia-Pacific markets. They added the money will be used to popularize digital asset adoption among ordinary people, especially Generation Z, millennials and non-financial professionals.
Highlights of the crypto market: News on new products and services
The city of Miami will soon be offering its citizens “Bitcoin returns” from staking their cryptocurrency, Miami Mayor Francis Suarez told CoinDesk TV. According to him, the city will make payments through e-wallets.
After encountering backlash from users, Discord CEO Jason Citron now explains that the popular messaging platform currently has no plans to implement integration with Ethereum (ETH) wallets.
Crypto Market Highlights: Stock Market News
FTX US said it achieved an average daily shipping volume of $ 360 million in the third quarter and increased its platform’s user base by 52% over a three month period.
Crypto Market Highlights: Mining News
The Bitcoin mining company Marathon Digital Holdings in the third quarter 2021 total revenue of 51.7 million US dollars, an increase of 76% compared to 29.3 million US dollars in the second quarter 2021 and an increase of 6,091 percent over the Previous year. The company produced during the reporting period 1252 BTC (81.7 million US dollars), an increase of 91% over 654 BTC (42.7 million US dollars) in the second quarter of 2021. By September 30, the company in 2021 2,098 BTC ($ 137 million) exported.
Crypto Market Highlights: Regulatory News
Indonesia’s Council of Religious Leaders, National Ulema Council, or MUI, has mistaken cryptocurrencies for a joke or banned them for containing elements of uncertainty, betting and harm, Asrorun Niam Sholeh, head of religious decrees, said Thursday the panel held an expert Hearing, Bloomberg reported. If cryptocurrency as a commodity or digital asset can follow Sharia principles and have clear benefits, it can be traded, she added. MUI’s decision does not mean that all cryptocurrency trading in Indonesia will cease.
The United States Securities and Exchange Commission (SEC) claims to have initiated proceedings against the American CryptoFed DAO, a Wyoming-based organization, which is blocking the effectiveness of the registration of two digital tokens. The Watchdog’s Enforcement Division claims that the company filed a flawed and seriously misleading registration form designed to register two digital tokens issued by the American CryptoFed – the so-called ‘Ducat’ and ‘Locke’ tokens – equity securities companies are investigating to determine the best course of action.
Crypto Market Highlights: General News
Bob Chapek, CEO of Walt Disney, says the entertainment company is preparing for a technological leap in supermarkets, according to Reuters. In addition Chapek said in an interview with CNBC that he imagines as an extension of Disney + streaming-video service – through the “holographic framework,” he imagines for narrative styles.
Crypto Market Highlights: DeFi News
The decentralized finance platform (DeFi) Akt.io has partnered with the HBAR Foundation to help them roll out their first DeFi application on the Hedera Hashgraph (HBAR) network. The app will allow users to automate investments, generate income, and be connected to the akt.io wealth card, enabling direct payments with the capital invested, they said.
Crypto Market Highlights: Crypto and Sports News
The esports organization Team Liquid has announced a four-year partnership with Coinbase. The new partnership also gives fans the chance to win one of the new jerseys and a $ 50 crypto deposit in their accounts.
Crypto Market Highlights: Crime News
MediaMarkt, a major European electronics retailer, has been hit by the Hive ransomware that claims $ 240 million in Bitcoin (BTC), Bleeping Computer reports. A later report from retail news site RetailDetail said the amount had dropped to $ 50 million. The attack encrypted MediaMarkt’s servers, so the retailer had to shut down its IT systems to avoid further problems, so that many stores, especially in the Netherlands, could not accept payments with credit and debit cards.
Crypto Market Highlights: Career News
Cryptocurrency industry group CryptoUK announced that it has appointed Rob McWilliam as its new non-executive director. McWilliam held senior positions such as Chief Financial Officer and Vice President of Amazon UK and most recently as Chief Financial Officer of Asda Walmart.
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