Category Archive : Bangladesh

US Treasury Department Says Cryptocurrencies Could Could Undermine Sanctions – Yahoo Eurosport UK

US Treasury Department Says Cryptocurrencies Could Could Undermine Sanctions  Yahoo Eurosport UK
Read more at uk.sports.yahoo.com

What is new in the crypto world?- The New Indian Express

Express News Service

Popular Bollywood star Salman Khan is a brand ambassador for a non-fungible token (NFT) mobile app. These tokens use distributed ledger technology or blockchain to record the ownership of a creative asset. They can be traded on a global platform like Ethereum. Cricketer Dinesh Karthik created a digital asset from the video of the last ball six he hit three years ago against Bangladesh to win a trophy for India. The video had 212 million (21.2 crores) views on YouTube. That token is up for an auction. 

Express Illustrations | Amit Bandre

The popularity of crypto assets is growing. The market value surpassed $2.5 trillion in early May before falling 40% and then recovering to $2.1 trillion by September 2021, according to the Global Financial Stability Report published last week by the International Monetary Fund.

The annual meetings of the World Bank and the International Monetary Fund take place every year in October. All the finest economic minds discuss, debate the future of the world economy. The two global institutions release data that reviews the state of the world economy and risks to future growth. This column has always…

Read more at www.newindianexpress.com

Coinbase is launching its own NFT platform to take on OpenSea

Coinbase is readying the launch of an NFT marketplace that will compete with existing major players in the space, like OpenSea, debuting a user waitlist for the desktop product that it hopes to launch by the end of the year.

Coinbase has limited details to share on its upcoming platform, but notes in a blog post that they hope to more deeply integrate social features into the platform. “Coinbase NFT will make minting, purchasing, showcasing, and discovering NFTs easier than ever. We’re making NFTs more accessible by building intuitive interfaces that put the complexity behind the scenes. We’re adding social features that open new avenues for conversation & discovery.”

Even as Bitcoin inches closer to the all-time high it was flirting with when the Coinbase direct listing occurred, Coinbase’s stock has still failed to keep pace with the rebounding growth of some of the most popular coins in the space, now down some 27% since its direct listing in April. The exchange simultaneously has regulators breathing down their neck, with the SEC recently threatening to sue the company over their Lend yields product, the launch of which they later canceled. Coinbase is also dealing with a…

Read more at ca.news.yahoo.com

Rebel Foods enters unicorn club with $175 Mn round led by QIA

Cloud kitchen brand Rebel Foods has raised $175 million in its Series F round led by Qatar Investment Authority and participated by existing investors Coatue and Evolvence.

The company has raised the fresh round at a valuation of $1.4 billion, joining the coveted club of unicorns. The company was valued at $820 million in July last year.

​​This round of funding will be re-invested in building technology, increasing global presence and also acquiring new brands, said Rebel Foods in a press statement.

According to the company, it is also working towards an IPO in the next 18-24 months. It will join the ranks of Urban Company, Droom and others who are contemplating public listing in a similar time frame.

Rebel Foods becomes the 31st unicorn this year and the first from the foodtech space. On Wednesday, crypto exchange CoinSwicth Kuber entered the unicorn club with a $260 million round. Fresh meat and seafood brand Licious also made entry into the coveted club this month.

Apart from its own app [EatSure], the company sells via online ordering platforms: Swiggy and Zomato. According to industry sources, over two-thirds of its volume comes from these two aggregators. It…

Read more at entrackr.com

Club CPG Launches NFT-Based ‘Crypto Packaged Goods’ Platform

The emergence of non-fungible tokens (NFTs) as a tradable digital resource has been among the most notable innovations in finance and the art world this year, but the cryptocurrency-driven trend has yet to make a major impact on the physically-bound CPG world. Now, digital company Club CPG is hoping to change that with the launch of a new platform, Crypto Packaged Goods.

Founded by venture capitalists Jaime Schmidt and Chris Cantino, Club CPG has minted 250 NFTs in 11 different designs which can be purchased on OpenSea, an online marketplace for NFTs which trades using cryptocurrency Ethereum.

While most NFTs are akin to digital artworks with little interactive potential, Club CPG’s tokens function as tickets to gain access to the core product — an exclusive chat channel on the secure messaging app Telegram whose membership includes CPG industry veterans, investors and startup founders. Each of the 11 designs were created by Cantino and modeled after different consumer products, including beverages, snacks, hygiene products and cleaning supplies.

“We’ve been diving down the crypto and Web3 rabbit hole over the last several months, just kind of paying attention to…

Read more at www.bevnet.com

PAID Launchpad India Opens Staking for Ojamu IDO

We are thrilled to announce our first project as a launchpad for the Indian audience, Ojamu

The launchpad is currently operational, with staking for its first project, Ojamu, already open. PAID Launchpad India will stay dedicated to the Indian people and provide opportunities for them to flourish, as the name implies. Along with India, Pakistan, Bangladesh, Nepal, and Sri Lanka have been invited to participate in the project.

PAID Launchpad India was introduced by PAID Network India (PNI), a subsidiary of PAID Network. The goal is to provide Indian investors with access to #GETPAID – worldwide crypto opportunities. The emergence of digital currencies throughout the world has provided us with a fantastic opportunity to establish ourselves as an industry disruptor and pioneer in India. PAID Network is taking the next logical step in our global strategy by providing new opportunities for professional progression for people in India, where a youthful, energetic workforce has become increasingly important. The Indian people will have access to a hitherto unheard-of level of accessibility because of PAID Network India.

Substantial Acceptance of Cryptocurrency by Indian Markets

Read more at www.digitaljournal.com

Bangladesh bans all types of cryptocurrency transactions including Bitcoin – Tech Observer

Dhaka: Ownership, keeping or transaction of virtual currency ‘cryptocurrency’ has been declared illegal by Bangladesh Bank. Therefore, to avoid financial and legal risks, the central bank has warned against providing transactions or assistance in virtual currencies including bitcoin, and refraining from promoting it.

This information was given in a notification of Bangladesh Bank on Thursday (July 29). It is known that ‘cryptocurrency’ is a type of currency that is traded through…

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Cryptocurrency trading not allowed: BB

Bangladesh Bank once again said yesterday that it does not allow holding or trading of any kind of virtual coin or cryptocurrency in the country.

The central bank’s announcement came as confusion built up after it sent a letter to the Criminal Investigation Department of the police that trading of cryptocurrencies cannot be considered a crime although virtual coins are illegal under the laws of the country.

For all latest news, follow The Daily Star’s Google News channel.

In a…

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Cryptocurrency trading not allowed at all: Bangladesh Bank

Bangladesh Bank has once again said today that it does not allow holding or trading of any kind of virtual coin or cryptocurrency in the country.

The central bank’s announcement came as confusion built after it sent a letter to the Criminal Investigation Department of the police that trading of cryptocurrencies cannot be considered apparently as a crime although virtual coins are illegal under the laws of the country.

For all latest news, follow The Daily Star’s Google News channel.

In a…

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BB urges all to abstain from transactions of crypto currencies – Risingbd

BB urges all to abstain from transactions of crypto currencies  Risingbd

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