Fiatum Channel

2021-10-28 10:27:39 Over the previous week, almost $ 1.5 billion were deposited in cryptocurrency funds

Analysts at CoinShares calculated that the inflow of funds into cryptocurrency investment products rose to a record $ 1.465 billion in the week from October 18 to October 22.

This was the result of the launch of an ETF on Bitcoin futures from ProShares in the United States. In addition, a similar fund was launched by the Valkyrie company. Therefore, the lion's share of investments was invested in Bitcoin products - $ 1.45 billion. At the same time, ETH funds showed a slight decline. Open / Comment

2021-10-27 18:04:31 Crypto Becomes a Preferred Payment for Remittances

Pandemic has put a strain on people across the globe in a variety of ways and financial pressure came along with it. As a result, the number of remittances has increased worldwide.
Recent research, made by Pymnts and Stellar Development Foundation has revealed that almost the number of individuals that were sending remittances before the pandemic, has now increased significally, totalling in $76 billion annually. And as fees continue to climb, customers are searching for alternative ways, considering crypto.

“This is unsurprising, as consumers with a need to send funds quickly will likely favor options that allow them to transfer money instantly and fund their payments in a variety of ways convenient to them,” according to the report. “Aside from the lower fees that utilizing crypto carries compared to remittance fees, the speed with which a crypto transaction can occur makes it vastly more appealing to many.” Open / Comment

2021-10-27 17:59:39 New NFT Collection Based On Elon Musk

Great news for the NFT collectors and fans of Spacex and Tesla CEO Elon Musk in particular. New NFT auction inspired by Musk will be launched soon. It was confirmed that limited payments will be accepted only with crypto currencies SHIB, DOGE, and KISHU.
Elon Musk did not comment yet about the virtual auction inspired by his image.
Interest in non-fungible tokens is rising fast and is getting more and more attention with every day, and that has increased even further with the presentation of a new NFT collection based on Elon Musk. He has been very supportive of several crypto currencies like as Bitcoin, Dogecoin, and Shiba Inu, and now he is represented in a set series of non-fungible pieces under the name of “Dogs of Elon.” Open / Comment

2021-10-27 16:57:53 Adobe Partners With NFT Platforms

Adobe, American software company behind Photoshop, has announced their new partnership with top NFT marketplaces OpenSea, KnownOrigin, Rarible, and SuperRare to launch a feature on Adobe Photoshop that would finally allow creators to make images as NFTs.

The new feature will allow to place attribution information on the image and display credentials for NFT creators, preparing these images as non-fungible tokens whose metadata will be later displayed on OpenSea, KnownOrigin, Rarible, and SuperRare’s respective websites.

"This partnership furthers our commitment to empowering users with more tools as we collectively rethink how we transfer digital goods on the internet. Working in tandem with market leaders like Adobe and the growing NFT community, we will keep providing features to increase trust and transparency across the metaverse." OpenSea said. Open / Comment

2021-10-27 14:05:41 Slovenia Is Developing New Crypto Law
According to a source, Slovenia is developing new alteration law on cryptocurrency taxation and finance ministry of the country has confirmed they are currently reviewing it.

The draft for the future law is believed to solve the issue of taxing cryptocurrency circulation, approximately estimated at tens of thousands of euros in Slovenia. Digital assets popularity in the country was growing over the last few years and reportedly hundreds of shops and other merchants are now accepting payments in Bitcoin.
Slovenia’s Financial Administration (FURS) has proposed changes to the taxation of income from digital assets previously. According to a new law authorities will impose a 10% tax rate on crypto currency trading spent or turned into cash to be passed. Open / Comment

2021-10-27 13:05:26 Sequoia To Invest In Crypto

In order “to invest more in emerging asset classes like crypto” one of the oldest venture capital giants Sequoia Capital , which backed PayPal, Google, Instagram and Yahoo, has announced they are looking towards registering as an investment advisor with the U.S. Securities and Exchange Comission (SEC). Sequoia team says they have been working on a “radical change” to its network structure for a few month and now they are ready to make huge steps forward.

Sequoia representative, Roelof Botha, has announced company is working on developing one fund that will be able to hold investments without “artificial time horizons.” Botha described the traditional VC model as “outdated.” Such innovative decision will allow Sequoia Capital to participate on the boards of private companies after changes apply.

It was earlier teported by The Information, that currently approx. 25% of the company’s recent investments were related to crypto industry. Open / Comment

2021-10-26 14:10:51 New AU Binance CEO Shares Some Plans For The Future

Binance Australia newly appointed CEO Leigh Travers has shared some of the plans he has for the blockchain and the digital network and efforts he is willing to put in order to develop within the industry.

Australia holds high position “at the top tier” in the crypto network worldwide, with successful DeFi projects developed in the country. According to the survey there are over 600,000 actual users on Binance Australia, with potential for a million customers. Travers says that the market is in a phase of growth, stating Binance users number rising at a rate of 10 percent per month.

According to Traver’s plans, Binance Australia will gain maximum exposure into the “most liquid, lowest-cost, digital asset exchange in the country”.The top priority for Binance AU is now to offer a crypto debit card. “You’ve got to give the people what they want, “Travers says, “and it’s quite clear.” It was confirmed that they expect to announce it by the end of the current q Open / Comment

2021-10-26 13:39:16 Australian Fund Firms Are Expecting To Launch Local NFT’s

After successful launch of the Bitcoin backed NTF’s, similar offers are planned to be developed by a several Australian fund managers and they expect to bring them to the market by mid next year.

Due to some regulatory restrictions over asset custody in the country, crypto ETFs cannot yet be operated in Australia. Despite this, local investment firms are expecting some changes to be applied to this sector by the next year, as it was announced the corporate regulators are currently reviewing the possibility of such funds to resume operating in the future.

Alex Vynokur, chief executive of $20 billion ETF provider Betashares, is expecting to finally establish an Australian Bitcoin ETF when the authority’s regulation allows.
“At the moment, we’re seeing some stats in Australia that well over a million Australians own an investment in cryptocurrencies directly,” he said. “We do think that over time we will see Bitcoin and hopefully other cryptocurrency e Open / Comment

2021-10-26 12:56:49 Elon Musk Reveals Reason Behind Dogecoin Support

Spacex and Tesla CEO has shared an explanation on why he supports Dogecoin. When Musk was responding to a tweet by dogecoin holder Glauber Contessoto, who said the appeal for DOGE is real,Musk wrote: “Lots of people I talked to on the production lines at Tesla or building rockets at Spacex own Doge. They aren’t financial experts or Silicon Valley technologists. That’s why I decided to support Doge — it felt like the people’s crypto.”

Musk’s comment and support was highly welcomed by the Doge community. “Most of us don’t come from privileged backgrounds and honestly can’t relate to the experts in Silicon Valley,” Contessoto responded. “We just want to believe in a crypto that represents us all. Dogecoin is the little guy personified in crypto which is why we love it. We appreciate your support, Elon.” Open / Comment

2021-10-26 12:23:06 Venmo Embraces Crypto Payments

Following the steps of PayPal, Venmo, an app that allows users to pay and request money from their friends without cash, has expanded services for crypto owners by adding new features.
The 'cashback to crypto' feature automatically, and seamlessly lets users convert cash-back to crypto for free. It supports 4 types of crypto— Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Company added, that for those who have a Venmo Mastercard Debit Card no extra effort is needed- they are enrolled in Venmo Offers automatically.
Users can enable new features through the app by navigating to the Credit Card home screen and select the Rewards tab then 'Get Started’ then select their crypto of choice.
Despite Venmo is not the first and the one app in the market, that provides crypto services, it reportedly owns approx. 18% of the global market share of crypto wallets, according to Blloomberg. Open / Comment