Fiatum Channel

2021-11-04 17:35:42 Aussie crypto micro-investment app Bamboo raises $3M, eyes US market

Blake Cassidy, CEO of Australian micro-investment app Bamboo, has claimed that the Australian Securities Exchange’s (ASX) bias against listing crypto companies is causing an Aussie brain drain leading firms to seek out a United States listing.

Cassidy’s comments come in the same week the company announced a $3-million ($4 million Australian dollars) Series A investment round, including participation from Australia’s largest cryptocurrency hedge fund, Orthogonal Trading, Mountain Ash Investment Management and VP Capital.

Bamboo is a micro-investing app that allows users to buy small amounts of digital currencies, such as Bitcoin (BTC) and Ether (ETH), by rounding up to the next dollar on each purchase and using the difference to buy any asset offered by the app.

Cassidy told The Sydney Morning Herald that when he and his team were in the process of securing backers for the crypto-based micro-investment app, he was asked if he would pursue Open / Comment

2021-11-04 17:28:07 Shiba Inu falls after $2.3B of SHIB moved from whale wallet

The billionaire whale moved $2.3 billion worth of SHIB to four different wallets, and some investors are getting nervous.
The price of Shiba Inu (SHIB) has fallen 11% after a series of transactions from the whale wallet that famously transformed a $3,400 purchase last August into $1.55 billion.

On Tuesday, the whale made four transactions of exactly 10,000,000,100,000 SHIB each to four different wallets. Each transaction was worth approximately $586 million, totaling about $2.3 billion.

After the wallet was first identified, social media users speculated that the owner may have forgotten or lost their key, given the lack of activity in the wallet since last year. Open / Comment

2021-11-04 17:22:48 The Giving Block launches 15 new funds to direct crypto donations by cause

Donors can use one of 45 cryptocurrencies to contribute to a range of nonprofits grouped by mission.

Cryptocurrency charity platform The Giving Block has announced the launch of 15 new “Cause Funds” to better direct donations to charities with similar goals and missions.

The Giving Block was established to facilitate cryptocurrency donations to over 700 nonprofits around the world, including Save the Children, Malala Fund and World Vision.

The new Cause Funds “bundle together multiple nonprofits that have a similar focus or mission,” according to The Giving Block’s website, adding that the feature is perfect for those who want to support a specific issue or cause rather than an organization.

This way, the funds enabled multiple charities to grow their impact, not only those with instant name recognition. Open / Comment

2021-11-04 16:31:12 SQUID token up 600% despite debacle and Binance investigation

Binance blacklists Squid Game developer accounts and reports that developers used coin mixers to cover their tracks.
The world’s biggest crypto exchange, Binance, has launched an inquiry into the Squid Game token (SQUID) to trace funds associated with the epic 45,000% pump and dump a few days ago.

The Binance Smart Chain-based gaming token SQUID is suspected to be an exit scam or rug pull, according to the exchange. Despite this, some extremely optimistic users are still buying the token in hope of a resurrection, with the price surging sixfold in the past 24 hours.

Binance is exploring options to assist those who bought the token and lost out in the crash. It is reportedly blacklisting addresses affiliated with the developers and using blockchain analytics to identify bad actors. It hopes to recover lost funds, although this seems a relatively remote possibility. Open / Comment

2021-11-04 16:22:14 lower-paid workers are quitting jobs thanks to crypto profits

Almost two-thirds of respondents who quit their jobs after making life-changing gains from crypto had a total income of less than $50,000.
Data suggests that some low-paid members of the workforce are quitting their jobs after making life-changing crypto gains.

Analytics firm Civic Science posted survey results (weighted according to United States census data) on Monday, which shows that 4% of 6,741 respondents aged 18 and over had quit their jobs in the past year due to “financial freedom” earned by investing in crypto assets.
Almost two-thirds of those who had quit their jobs due to “mad gainz” earned under $50,000 per year — 27% of those earning less than $25,000, while 37% had a total income of between $25,000 and $50,000. Meanwhile, 15% of those tossing in jobs thanks to crypto had an income between $50,000 and $75,000, 13% between $75,000 and $150,000, and 8% with $150,000 or more. Open / Comment

2021-11-04 14:28:30 Friday’s $540M Ethereum options expiry favors traders with targets at $5K

Ether (ETH) bulls are probably very pleased with the 368% gains accrued so far in 2021, and it seems like not a day passes where the altcoin doesn’t hit a new all-time high.

Even with Ether on the path to $5,000, there are still plenty of concerns about the network’s capability to absorb the strong demand coming from the decentralized finance (DeFi) and nonfungible token (NFT) sector.

Another potential setback lying ahead is the United States Treasury report on stablecoin regulation released on Nov 1. The report stressed the necessity of Congress to “ensure appropriate federal prudential oversight on a consistent and comprehensive basis.”
In addition to this, competing networks offering interoperability with major DeFi projects have been gaining adoption, both in total value locked (TVL) and market share on smart contracts. As an example, this week, Solana (SOL) rallied to a new $236 record high, surpassing Cardano (ADA) to become t Open / Comment

2021-11-04 14:18:09 Apple App Store removes crypto wallet TokenPocket after PayPal complaint

Global payments giant PayPal is going after cryptocurrency wallet TokenPocket over an alleged trademark infringement.

Apple has temporarily removed the TokenPocket wallet from the App Store, the company announced on Thursday. According to the firm, the reason for removal was a complaint from PayPal concerning an alleged trademark issue.

TokenPocket said that it had received communications from PayPal over the dispute with the company’s trademark in a letter earlier this year. TokenPocket stressed that it is willing to resolve the issue in a friendly way and that PayPal “has no more replies to this.”
TokenPocket did not explicitly mention the exact reason for the complaint. Online users previously noticed that TokenPocket’s logo looked similar to PayPal’s, as it had two similar-colored letters placed next to each other. “I was about to open TokenPocket but accidentally click Paypal,” a Reddit user claimed . Open / Comment

2021-11-04 14:09:25 Iran Blockchain Association head calls for special council on crypto laws

According to Iran's main blockchain organization, authorities have been remiss in their enforcement of cryptocurrency laws. The association is concerned about the government's inactivity, offering its help to regulators that it feels are inadequately prepared to handle such a challenging task.

While Bitcoin (BTC) mining is permitted in Iran, using crypto for payments is not. However, banks and licensed money changers are allowed to use digital currency generated by authorized miners in Iran to pay for imports.

Miners must obtain a license from the Ministry of Industries and pay their power bills are based on export pricing. According to the most recent data earlier this year, about 30 businesses have obtained mining licenses in the country. Open / Comment

2021-10-30 17:00:19 A crypto investor bought about $8,000 worth of shiba inu coins in August 2020.

A crypto wallet shows an investor made an $8,000 shiba inu coin purchase last year. Today, it is worth $5.7 billion.
In what's being dubbed the greatest individual trade of all time, a crypto investor turned about $8,000 into about $5.7 billion by buying trillions of shiba inu coin shortly after it debuted.
The series of trades began in August 2020, when the investor bought about 70 trillion shiba inu coins, according to their associated crypto wallet. Shiba inu coins began trading on August 1, 2020, and the investor took note that day and made their first shiba inu purchase, buying about 70 billion coins.
About the time of the investor's $8,000 purchase, shiba inu coins were trading at about $0.000000000189. Today, the cryptocurrency is trading at about $0.00007941, which represents a swift 14-month gain of more than 7 million percent.
The crypto wallet now owns more than 13% of the total supply of shiba inu coin, which has a tot Open / Comment

2021-10-29 18:27:57 Actor Matt Damon will be the face of CryptoCom

Actor Matt Damon will be the face of CryptoCom, with the goal of bringing new users to the platform and bringing people into the industry.

More than $ 100 million will be spent on the campaign, directed by Wally Pfister, and broadcast in over 20 countries.

“I've never done this before. We hope this is the beginning of a great long-term partnership, ”Damon said in an interview. Open / Comment