Category Archive : Azerbaijan

Fantom Price Up 12.421% – Time to Buy FTM Coin?

Fantom has been agog in the past few days, following numerous integrations and strategic partnerships.

The base-layer blockchain has attracted investors’ interest, prompting a rush to buy FTM. This article discusses the protocol’s technical and fundamental analysis.

FTM Riding The Crypto Market Waves

The crypto market has been on a tear in the middle of October, following several favourable tidings concerning Bitcoin and blockchain-based assets. This rise has seen Fantom’s governance token FTM shoot up 12.421% on the daily chart while trading at $2.9504.

The weekly gains of 34.88% show great interest in the token and push its market cap up by 7.36%, with over $7.45 billion in fully diluted market valuation. The 24-hour trading volume is also rising, with FTM trading volume up 50.39% with close to $950 million changing hands.

Meanwhile, the Fantom blockchain has…

Read more at www.economywatch.com

Avalanche and Fantom take to the race track

Blockchain company Avalanche has partnered with Formula E team Andretti.

The move coincides with Fantom launching an NFT collection with French Formula One driver Pierre Gasly on the tail of major exchange F1 partnerships including FTX sponsoring Mercedes, and crypto.com sponsoring Jaguar.

Avalanche and Andretti Formula E announced the partnership, which will see AVAX serve as the title sponsor ahead of Andretti’s eighth season at the next ABB FIA Formula E World Championship. As part of the partnership Avalanche revealed Andretti’s new season livery at Lisbon Blockchain Week.

The move marks a huge partnership for both parties, and will provide Ava labs with a tremendous opportunity for exposure to the rapidly growing motorsport, which…

Read more at coinrivet.com

El Salvador explores bitcoin mining powered by volcanoes – Arab News

El Salvador explores bitcoin mining powered by volcanoes  Arab News
Read more at www.arabnews.com

Reddit adds a new way to post with launch of ‘Predictions’ feature – TechCrunch

Reddit today is introducing a new way to post to its communities with the launch of the on-platform feature called “Predictions.” Spun off of the popular Reddit Polls, Predictions allow users to guess the answers to timely questions like “who will win the game tomorrow?” or “which character will meet their fate in the next episode?” or “how much will the price of Bitcoin move by Monday?,” among others.

This is the first new posting format Reddit has introduced in nearly two years, and one that the company says is designed to increase engagement on the platform by reducing the barrier to posting. That is, while some users may not feel comfortable posting publicly or engaging in discussions, they may take the time to respond to a poll or, now, make a prediction.

Image Credits: Reddit

To use the feature in a Reddit community, or subreddit, a moderator will first…

Read more at techcrunch.com

Iran News in Brief – September 29, 2021







THE CONTENT OF THIS PAGE WILL BE UPDATED WITH THE LATEST NEWS

UPDATE: 10:30 PM CEST

CEO of Tehran Stock Exchange Dismissed over Bitcoin Mining Fiasco

People gathered in front of the Tehran Stock Exchange

Following the news that a mining farm was discovered in the Tehran Stock Exchange building, Ali Sahraei, its CEO was dismissed.

According to official state news agency IRNA, Ali Sahraei explained his dismissal by saying: “In order to create an opportunity for further research on the issue of cryptocurrency mining in the Tehran Stock Exchange and in order to consolidate the capital market, I submitted my resignation to the board of directors of the Tehran Stock Exchange and the board approved my resignation.”


UPDATE: 7:00 PM CEST

Wednesday Protests in Iran

iran-protests-hafttappeh-29092021 (1)

On Wednesday, September 29, workers of Hafttappeh Company went on strike and rallied in front of the management’s…

Read more at www.ncr-iran.org

Cryptocurrencies make a quick comeback from last week’s turmoil: Market wrap

RIYADH: The two major cryptocurrencies regained most of their losses on Monday, as the market quickly rebounded from last week’s turmoil sparked by the crackdown in China.

Bitcoin, the world’s largest cryptocurrency, dropped 3.68 percent to $42,033.19 on Tuesday afternoon, while Ether traded at $2,930.08, down by 4.98 percent, according to Coindesk.

Meanwhile, the second-largest stablecoin by market valuation, USDC, has seen its capital increase significantly, rising by more than $10 billion in 125 days.

As of Sept.25, there are $129.3 billion worth of stablecoin assets in existence which represents 6.54 percent of the cryptocurrency economy.

Many US lawmakers see China’s crackdown on cryptocurrencies as a perfect opportunity for American leadership in the crypto space.

“China’s authoritarian crackdown on crypto, including Bitcoin, is a big opportunity for the…

Read more at www.arabnews.com

5 Reasons Advisors Can’t Ignore Crypto: Morningstar Panel

What You Need to Know

  • Coinbase has more users than Schwab, E-Trade and TD Ameritrade combined.
  • There are regulated investment products and custody options for investors and advisors interested in crypto assets.
  • Cryptocurrencies have more in common with stocks than with currencies like the dollar or yen, CEO Matt Hougan of Bitwise says.

There are many reasons why financial advisors may be wary of investing client funds in cryptocurrencies, including crypto’s now historic volatility and their lack of knowledge about the asset class, but they can’t afford to ignore this growing market, according to a panel of crypto experts at Morningstar’s annual conference this week in Chicago.

There are multiple reasons for this, according to Matt Hougan, chief investment officer of Bitwise Asset Management; Tyrone Ross Jr., CEO of Onramp Invest; and Annemarie Tierney, founder and…

Read more at www.thinkadvisor.com

What To Expect From New SEC Chair Gary Gensler On Cryptocurrency – Technology

In this article, the author explains that the new chair of
the Securities and Exchange Commission is widely expected to be a
friend to the cryptocurrency world.

In April 2021, the U.S. Senate confirmed Gary Gensler, President
Biden’s nominee, as the new chair of the Securities and
Exchange Commission (“SEC”). The former banker was a
staunch regulator as the Commodity Futures Trading Commission
(“CFTC”) chair under President Obama, and many expect his
propensity for hardline rules to continue as the SEC
chair.1

Many believe that Gensler will bring much needed, positive
change to the digital asset industry in the United States. Unlike
others in government roles, Gensler has devoted himself to
understanding the technologies and economics surrounding
cryptocurrencies. Before his appointment, Gensler taught classes on
blockchain and cryptocurrencies as a professor at the…

Read more at www.mondaq.com

Cryptocurrency launchpad hit by $3 million supply chain attack

SushiSwap’s chief technology officer says the company’s MISO platform has been hit by a software supply chain attack. SushiSwap is a community-driven decentralized finance (DeFi) platform that lets users swap, earn, lend, borrow, and leverage cryptocurrency assets all from one place. Launched earlier this year, Sushi’s newest offering, Minimal Initial SushiSwap Offering (MISO), is a token launchpad that lets projects launch their own tokens on the Sushi network.

Unlike cryptocurrency coins that need a native blockchain and substantive groundwork, DeFi tokens are an easier alternative to implement, as they can function on an existing blockchain. For example, anybody can create their own “digital tokens” on top of the Ethereum blockchain without having to recreate a new cryptocurrency altogether.

Attacker…

Read more at arstechnica.com

The U.S. Infrastructure Bill And Cryptocurrency Regulation – Technology


United States:

The U.S. Infrastructure Bill And Cryptocurrency Regulation


To print this article, all…

Read more at www.mondaq.com

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