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2022-11-04 03:03:01 Dogecoin Above 200-Day Moving Average by Most Since June 2021

The Twitter (TWTR)-inspired rally in the price of dogecoin (DOGE) over the past week has pushed that cryptocurrency well above its technically notable 200-day moving average. the world's richest person, closing his Twitter purchase and hope of some sort of integration with the popular social-media platform. "Dogecoin rallied over 100% last week on speculation of integration with Twitter. The surge is meaningful on its chart, noting the breakout above the 200-day MA and former peaks," Katie Stockton, founder and managing partner of Fairlead Strategies, wrote in a note to clients.

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2022-11-03 20:39:59 Bankrupt mining provider Compute North sells assets to its former lender

Generate Capital is buying two mining facilities for $5 million from bankrupt mining hosting firm Compute North. New filings in Compute North's bankruptcy proceedings show a deal has reached the court, with counsel filing a proposed order for the sale of its stake in the Wolf Hollow, Texas, and Kearney, Nebraska, mining facilities. Compute North did not receive any other qualifying bids for the assets in the lead up to the sale, and thus cancelled the planned auction and moved to consummate the agreement with Generate Capital. There is no planned merger or restructuring plan from Generate from the sale. The agreement does not cover assets that are owned by third parties but utilized at the sites.

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2022-11-03 15:14:02 Singapore leverages Polygon and Aave in first DeFi wholesale markets transaction

The Monetary Authority of Singapore (MAS) successfully completed a cross-currency transaction involving tokenized Japanese yen and Singapore dollar deposits as part of a pilot exploring the potential of DeFi applications in wholesale funding markets. According to a tweet from JPMorgan's Ty Lobban, the multinational investment bank first used Polygon in order to settle on Ethereum for low fees — which were necessary to reduce operating costs associated with identity verification. It then leveraged Aave's permissioned pools concept and deployed a modified version of Aave Arc in order to set specific parameters.

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2022-11-03 09:14:00 Binance CEO would join Twitter board if Elon Musk asks

Binance CEO Changpeng Zhao says he’d be willing to join Twitter’s board of directors if invited by the social media platform’s new owner Elon Musk. "Elon’s still deciding about the board, if he asks me to do it I probably will,” Zhao said while speaking at technology conference in Lisbon, Portugal. Binance recently poured $500 million into Elon Musk’s takeover bid for social media platform Twitter, which closed last week. Despite a rocky acquisition process, Binance’s top boss stuck to his plans to lend financial support to Musk’s $44 billion bid. The crypto exchange was among dozens of outside investors which also included Qatar’s sovereign wealth fund, venture capital firm Sequoia and Fidelity.

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2022-11-03 03:14:00 Swiss regulator includes AML provisions for crypto transactions

Switzerland’s financial regulator will include crypto in its anti-money laundering regulations. From next year, Swiss citizens will need to confirm their identity when conducting crypto transfers of over 1000 Swiss francs ($1005), the Financial Market Supervisory Authority said in a release. Finma reportedly received “numerous responses concerning the specification of the threshold for transactions with virtual currencies.” Despite the concerns raised in the consultation, the monetary regulator went forward with the previously established threshold of 1000 Swiss francs due to “risks and recent instances of abuse.”.

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2022-11-02 20:40:00 Crypto exchange volumes hit 23-month low

Cryptocurrency exchange volume in October was just $543 billion — down from $733 billion in September — according to The Block's data dashboard. The last time levels were this low was in December 2020, when they came in at $385 billion. (The same month, bitcoin hit multiple new all-time highs, trading above $28,000.). October marked six months since the crypto downturn began and five months since the high-profile TerraUSD collapse. Prices were stagnant for most of the month before rallying last week. Volatility hit its lowest levels since July 2020 in October. North American volumes fell to just over $78 billion.

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2022-11-02 15:15:12 Binance sets up seventh unit in Ireland

Crypto exchange operator Binance set up a seventh unit in Ireland as it continues to expand its roots in Europe. Binance Global Sourcing was established last week, according to records from the Companies Registration Office (CRO), the central repository of public statutory information on Irish companies. The news comes after Binance picked Paris as its European hub after France's financial regulator granted Binance a license to offer and market its services to local customers in May. Last year, Binance considered Ireland as part of its plans to establish a number of headquarters worldwide to break with its "decentralized" structure and improve relations with regulators.

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2022-11-02 11:14:02 MoneyGram app adds bitcoin, ether and litecoin crypto trading tools

MoneyGram, a publicly traded peer-to-pay payments company, has added crypto investment tools to its mobile app as fellow fintech firms bolster offerings in the sector. Available in the majority of U.S. states today, users are now able to buy, sell and hold bitcoin, ether and litecoin, the company said in a statement. The move follows previous forays into crypto by the company, which recently partnered with Stellar to enable payment settlements and local currency payouts using USDC.

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2022-11-02 03:14:02 Stasis integrates euro-backed stablecoin with XRP Ledger

XRP Ledger is an open-source blockchain developed by a community and cross-border payment company Ripple. Stasis aims to make cross-border payments cheaper and faster by integrating the blockchain with EURS, as well as improve scalability. Another brick has just been added into the foundation of EURS, and it will solidify our asset for the next cycle of stablecoin market adoption," Stasis CEO Gregory Klumov said in a statement. "Our ongoing partnership will focus on exploring the newly-emerged opportunities of XRP to enable a better financial inclusion as well as stablecoin infrastructure and services that truly align with the values of the Web3 realm," they continued.

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2022-11-01 21:35:00 Argo Blockchain shares fall 50% as Bitcoin miner faces negative cash flow

Argo previously had plans to raise £24 million ($27 million) via a subscription deal with a strategic investor earlier in October. This deal was in addition to a $5.6 million inventory sale that involved selling 3,843 Bitcoin mining machines for cash. However, the company announced on Monday. With the proposed financing plan falling through, Argo says it is exploring other options. However, the news could have some negative implications for the company in the short term. “Should Argo be unsuccessful in completing any further financing, Argo would become cash flow negative in the near term and would need to curtail or cease operations,” the company stated.

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