November 2, 2021

Crypto Squid Collapses after Jumping More Than 310,000% in Value

Crypto Squid Collapses after Jumping More Than 310,000% in Value

The emerging cryptocurrency token Squid game (SQUID) crashed on Monday after jumping more than 310,000% in value on Sunday night. The slump recorded 99.99%, according to the CoinMarketCap.   The token was made available for purchase on Oct 20, inspired by the popular Netflix series Squid Game, which collapsed less than two weeks after investors could start trading …

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Argentina Considers Launching First Crypto Futures-Backed ETF In Latin America

Argentina Considers Launching First Crypto Futures-Backed ETF In Latin America

Matba Rofex, the largest futures and options exchange in Argentina, seeks to be the first Latin American exchange to launch a regulated Bitcoin future exchange-traded fund (ETF). According to Bloomberg media on Monday, November 1, Matba Rofex is seeking approval from the National Securities Commission of Argentine to launch a cash-settled Bitcoin future backed with ETF. As …

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Top US banks offer big incentives to lure crypto talent

Top US banks offer big incentives to lure crypto talent

LinkedIn reports that site-wide job listings relating to crypto are up more than 600% since August last year. Top United States-based banks and financial institutions have filled more than 1,000 positions for crypto experts in the past three years. According to a Monday report from Bloomberg, financial institutions are offering significant bonuses to attract crypto talent, with …

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Amazon job posting hints company’s Web Services are preparing to adopt crypto

Amazon job posting hints company’s Web Services are preparing to adopt crypto

The prospective employee would encourage those in senior positions at major companies to consider adopting cryptocurrencies, central bank digital currencies, stablecoins, security-backed tokens, asset-backed tokens and nonfungible tokens. Major online retailer Amazon’s IT service management company may be considering driving adoption in the digital asset space among its customers. According to a Saturday job posting, …

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Singapore to position itself as global crypto center, says regulator

Singapore to position itself as global crypto center, says regulator

Singapore is aggressively pursuing policies that will help the cryptocurrency sector grow. The regulation of cryptocurrencies varies considerably across the globe: China has cracked down on significant amounts of crypto activity in recent months, while Japan only recently allowed specialized cryptocurrency investment funds. El Salvador, on the other hand, has accepted Bitcoin (BTC) as a …

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Europe’s MiCA Crypto Rules Are Coming Soon. Here’s Why They Matter

Europe’s MiCA Crypto Rules Are Coming Soon. Here’s Why They Matter

The European Union’s Markets in Crypto-Assets framework would dramatically simplify how crypto businesses can expand through the 27-nation bloc. It’s often said that financial regulators are always fighting the last war. The European Union’s soon-to-be-ratified package of cryptocurrency regulations offers a telling example. The Markets in Crypto-Assets (MiCA) framework devotes a full 26 of its …

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PRESIDENT BUKELE: EL SALVADOR TO USE BITCOIN PROFITS TO BUILD 20 SCHOOLS

PRESIDENT BUKELE: EL SALVADOR TO USE BITCOIN PROFITS TO BUILD 20 SCHOOLS

The President of El Salvador Nayib Bukele has announced the nation will build 20 new schools with Bitcoin profits. The President of El Salvador Nayib Bukele has announced the nation will build 20 new schools with Bitcoin profits, the Press Secretary of the Presidency’s Twitter account confirmed. The funds come from the surplus of the …

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