Author: hotcrypto
Source: AdobeStock / butenkow In line with regulations, Canadian crypto exchanges are introducing measures to cap the annual buy limit for selected cryptoassets at CAD 30,000 (USD 23,250) per year – and these exclude (only) four large coins. While the cap will not impact Canadian crypto investors’ capacity to invest in some of the leading coins, it is likely to cut their purchases of a wide range of altcoins.Canadian crypto exchange Newton said in a statement in which it explains the new limits to its users that, “over the past several months,” they have been “quietly” working on our registration with the…
When whales make moves in the crypto space, people take notice. That’s because these guys have been there and done that many times before. They’ve already survived multiple bull and bear runs, so the recent turmoil in the crypto space doesn’t concern them. They see now as the perfect time to buy certain cryptos that could be primed for huge futures. And for those that made their money on the likes of AVAX and Shiba, they’ve got plenty of cash to throw around. But that doesn’t mean they’re too risky with their money, they still know what works in crypto…
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.Sunnyvale, CA, 18th August, 2022, ChainwireSoftware Developer to Create a Suite of Killer dApps that Leverage Next-Generation Protocol and Marketplace for Decentralized Storage W3 Storage Lab, a Web3 decentralized application company, announced that it closed a pre-seed financing round of USD 3M. The round was co-led by Draper Dragon and OKX Blockdream Ventures with major participation from Lingfeng Capital and participation from other investors. Proceeds from the round will be used to grow its global team and fund operations.W3 Storage…
By Elizabeth HowcroftLONDON – Tether, the world’s largest stablecoin, said on Thursday it had appointed accounting firm BDO Italia to vouch for its asset reserves, and would look to increase the frequency of publishing its reserves reports to monthly from quarterly.Stablecoins are a type of cryptocurrency designed to keep constant value, such as a 1:1 U.S. dollar peg. They are widely used to move funds between different cryptocurrencies or into regular cash.Tether says its coin maintains its value by holding dollar-denominated reserves to match or exceed the value of Tether coins in circulation. These reserves have long been the subject…
Kane Pepi Last updated: 07:55 AM, 18 August, 2022 Since Dogecoin’s value soared in the first few months of 2021, developers from all over the world have been hard at work creating their own new dog currency tokens. Even though some ventures have ended in failure, we’ve researched the best dog crypto to buy in 2022. These are dog-themed projects that potentially offer long-term value – especially considering the discounted prices on offer as per the crypto bear market. 10 Most Investable Dog Cryptocurrencies for 2022 With so many dog-inspired cryptocurrencies flooding the market, it can be hard for investors…
Mykhailo Fedorov, Ukraine’s Vice Prime Minister, shared yesterday how $54 million of the country’s crypto donations have been spent. Unmanned aerial vehicles (or drones) were the highest cost at $11.8 million. After that, the country spent $6.9 million on armored vests and $5.7 million on computer hardware and software. Overview of crypto fund spending. Source: Twitter.“Thanks to the crypto community for support since the start of the full-scale invasion,” Fedorov tweeted. Over $60 million of crypto donations have been donated since Russia began its invasion of Ukraine, according to the organization. The donations were facilitated by Aid For Ukraine, a…
LAS VEGAS, Aug. 18, 2022 /PRNewswire/ — Fortress Blockchain Technologies today announced that it has added the Web3 industry’s first sanctions screening and compliance layer to an embeddable wallet for NFTs, fungible rewards tokens and cryptocurrency. This creates the world’s first enterprise grade, embeddable wallet that protects businesses and their users against bad actors, terrorist financing, and money laundering without intrusive personal identity requirements on users. NFT marketplaces, crypto exchanges, production studios, sports agencies and other Web3 innovators are becoming increasingly aware of their role and responsibilities in mitigating not only fraud on their platforms but also their services being used…
The trading volumes of cryptocurrency tokens have skyrocketed in the past few years. Blockchain-based cryptocurrencies, NFTs, and meme coins are changing the financial services landscape by driving technology use and financial inclusion. Moreover, with a slew of advantages, cryptocurrencies have even multinational corporations convinced about the impact they fuel. If you are new to the world of cryptocurrencies and are unsure where to start, you can begin your investment journey by researching top buys like GryffinDAO (GDAO), Dogecoin (DOGE), and ApeCoin (APE). Here’s a brief look into some of their most compelling features. GryffinDAO: Combining Robust Security And Decentralised Governance…
Valour, Comdirect and Onvista have agreed to introduce Valour as a provider of crypto products for retail clients in Germany Comdirect and Onvista customers will have access to Valour’s entire range of crypto ETPs including Valour Bitcoin Zero and Valour Ethereum Zero, which both have a zero management fees TORONTO, Aug. 18, 2022 /PRNewswire/ – Valour Inc. (NEO: DEFI) (GR: RMJR) (OTCQB: DEFTF), a technology company and the first and only publicly traded company that bridges the gap between traditional capital markets and decentralized finance, announced an agreement with German banks, Comdirect and Onvista, that will enable banking clients to…
Cryptocurrencies prices today fell again, with Bitcoin and Ether both retreating for the fifth consecutive day on Thursday. The world’s largest and most popular cryptocurrency was trading nearly 3% lower at $23,428. The global crypto market cap today was above the $1 trillion mark, even as it was down over 2% in the last 24 hours at $1.17 trillion, as per CoinGecko. On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, slipped 3% to $1,849. Ether, having benefited in recent weeks from investor optimism as a long-awaited software update, known as the…