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Showing posts from December, 2021

Indian PM launches blockchain-based degree transfer at a technical institution

 Top state leader Narendra Modi on Tuesday's service of IIT-Kanpur where he sent off the blockchain-based degree was given to the understudies. Top state leader Narendra Modi on Tuesday dealt with the 54th gathering service of IIT-Kanpur where he sent off the blockchain-based degree move development with which advanced degrees were given to the understudies. The event was held in cross breed mode and Chief Minister Yogi Adityanath was likewise present as the visitor of honor. Read full story on http://cryptounity.news/indian-pm-launches-blockchain-based-degree-transfer-at-a-technical-institution 

Crypto Market Cap Lost $250 Billion in 3 Days as BTC Slid to $46K

The cryptographic money market cap drop by $250 billion out of three days as BTC unloaded to a ten-day low of $46,000. Bitcoin proceeds with its unfavorable worth developments with a drop to a ten-day low of $46,000 hours prior. Most altcoins have a comparable bearing as the cryptographic money market capitalization has declined by $250 billion of every three days. Read full story on http://cryptounity.news/crypto-market-cap-lost-250-billion-in-3-days-as-btc-slid-to-46k

German telecom giant supports Polkadot, acquires DOT tokens.

 T-Systems MMS, an auxiliary of German telecom goliath Deutsche Telekon, participates with its framework in getting and keeping up with the Polkadot organization. T-Systems MMS, an auxiliary of German telecom goliath Deutsche Telekon, participates with its framework in getting and keeping up with the Polkadot organization. As a piece of the association, T-Systems MMS procures DOT tokens. Polkadot, the "blockchain of blockchains" framework created by the Parity project, has entered a relationship with T-Systems MMS(MultiMedia Solutions). an auxiliary of the German media communications monster Deutsche Telekom. Read full story on http://cryptounity.news/german-telecom-giant-supports-polkadot-acquires-dot-tokens

SEBI chair warns mutual funds on investing in cryptocurrency offerings

The Chairman of the Securities and Exchange Board of India (SEBI), Ajay Tyagi, asked shared assets to try not to put resources into crypto-related resources in India. While the managerial climate for cryptographic forms of money in India is by and by cloudy, the country has effectively seen a dramatic ascent in crypto prominence. The Chairman of the Securities and Exchange Board of India (SEBI), Ajay Tyagi, requested that shared assets try not to put resources into crypto-related assets as the public authority considers new cryptographic money rules. Talking at a question and answer session on Tuesday, Tyagi encouraged firms to cease from putting resources into reserves connected to crypto resources until there is clearness on the approach and administrative system. Read full story on http://cryptounity.news/sebi-chair-warns-mutual-funds-on-investing-in-cryptocurrency

Global search interest for the word ‘NFT' surpasses 'Crypto'

 For the week finishing on Christmas, worldwide looks for the expression "NFT," which refers to nonfungible tokens, have outperformed "crypto," as per Google trends. The sharp increase in search traffic for NFTs offers a clear indication that digital collectibles have entered mainstream consciousness, with transactions on OpenSea, the most famous decentralized platform for NFT auctions and drops surpassing $10 billion. Read full story on http://cryptounity.news/global-search-interest-for-the-word-nft-surpasses-crypto 

Paraguay getting closer to regulating digital currency

 A bill that looks to regulate the local cryptocurrency industry has passed the Senate of Paraguay. On Dec 17, 2021, the Senate of Paraguay approved a cryptocurrency bill presented in July. The provisions, which define several key terms including virtual assets and call for licenses to mine cryptocurrencies, will now be sent to the Deputy chamber for further deliberation. Senator Fernando Silva Facetti, the bill's sponsor, revealed that it's passed in the Paraguayan Senate after a contentious debate. According to the Senator, the law also aims to foster the growth of crypto mining activities by using the surplus electricity generated in the country. Read full story on http://cryptounity.news/paraguay-getting-closer-to-regulating-digital-currency 

FTX exchange ready to offer $1M prize for banks to accept stablecoin

Stablecoins like USDT are under scrutiny in the United States, for certain lawmakers calling for greater regulatory oversight of the industry. Cryptocurrency derivatives exchange FTX is calling on banks to reach out and discuss the possibility of accepting stablecoins in exchange for a $1 million reward. In a Tuesday Twitter post, FTX said it was exploring shaping relationships with banks in different regions to allow user to have "close moment and neat free deposits and withdrawals" through stablecoin. The exchange floated the idea of offering a $1 million prize for the first bank in each region to accept tokens but hinted it would be available to giving more. Read more on http://cryptounity.news/ftx-exchange-ready-to-offer-1m-prize-for-banks-to-accept-stablecoin

Online electronics outlet Newegg to accept Shiba Inu via BitPay

Newegg was one of the first online American retailers to accept crypto, starting with Bitcoin and eventually Dogecoin. Major American electronics retailer Newegg remains diving enabling payments in major cryptocurrency and mem, Shiba Inu(SHIB). Newegg officially declared on Nov. 29 that it will start accepting SHIB as part of its holiday promotional campaign, starting from December. Read full story on https://cryptounity.news/online-electronics-outlet-newegg-to-accept-shiba-inu-via-bitpay 

Crypto.com to acquire Nadex exchange to expand US presence

Crypto.com will use the acquisition as a gateway to trade certain derivatives and futures products for U.S. based customers.. Cryptocurrency exchange Crypto.com agreed to buy North American Derivatives Exchange (Nadex) and Small Exchange Inc. to expand its presence in the US. Read full story on https://cryptounity.news/cryptocom-to-acquire-nadex-exchange-to-expand-us-presence

Reddit co-founder creates a $200M initiative with Polygon for web3 and Social Media

The initiative will back projects that explore better ways for a human to connect online, Polygon declared on Friday. Reddit co-founder Alexis Ohanian's venture capital firm seven seven six and Polygon Network have made a $200 million initiative to invest in social media and Web 3 based projects. Read full story on https://cryptounity.news/reddit-co-founder-creates-a-200m-initiative-with-polygon-for-web3-and-social-media 

India to regulate crypto and not move for an outright ban: Cabinet documents

 A Cabinet note circulated by the Indian government on the proposed cryptocurrency bill has suggested regulation of private cryptocurrency rather than banning it. According to the report crypto will not be recognized as legal currency in India instead the legislation describes Cryptocurrency as Cryptoasset Read full story on https://cryptounity.news/india-to-regulate-crypto-and-not-move-for-an-outright-ban-cabinet-documents

‘Avoid ban on private cryptocurrencies,’ recommends Indian tech think tank

The government should avoid a ban on private cryptocurrencies, according to a report by an Indian non-profit organization that has been cited by lawmakers for reference in the past. The report by the Centre for Internet and Society (CIS) comes forward as the Indian government is looking to introduce a crypto bill that will reportedly ban most private cryptocurrencies but first it needs to be approved by the ruling Cabinet and then the parliament. However, recent reports suggest that this process could be delayed by several weeks. Read full story on https://cryptounity.news/avoid-ban-on-private-cryptocurrencies-recommends-indian-tech-think-tank

India to introduce new Crypto Bill in Parliament after Cabinet approval

The government will introduce the new Crypto Bill in Parliament after Cabinet approval, said the Union Finance Minister Nirmala Sitharaman said on November 30. Nirmala Sitharaman also said that regulation of NFTs (non-fungible token) is also being discussed by the Centre. Speaking during Question Hour in Rajya Sabha, the Finance Minister said, "We are close to bringing a bill in parliament. It will be introduced in the house once the cabinet clears the bill." Sitharaman said the new Bill has come up after reworking on the old Bill that could not be tabled in previous sessions of Parliament. Read full story on https://cryptounity.news/india-to-introduce-new-crypto-bill-in-parliament-after-cabinet-approval