Cryptocurrency Lending Boom, Revolut Crypto Exchange, Paytm’s Bitcoin Desire and Other News »alt =» »width =» »class =» content-img »/> Source: Adobe / mino21

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Investment news

Prime Digital Currency Brokerage Genesis Ella said its third-quarter loan origins reached $ 35.7 billion, up 586% year-over-year and 40% since the second quarter of 2021. Additionally, the composition of its portfolios Lending continued the adjustments that began in the first quarter, with bitcoin (BTC) continuing to lose its share. “While BTC lending increased overall, the relative weighting continued to decline as demand reacted to base tightening and the [Grayscale Bitcoin Trust] discounting,” the company said. Loan Book Composition:

png »alt =» »width =» 725 ″ class = »content-img» /> Source: Genesis

US Congressmen Tom Emmer and Darren Soto argued for trading bitcoin exchange-traded funds (ETFs) in a letter to US National Securities Market Commission (SEC) Chairman Gary Gensler. letter wondered why the SEC was comfortable allowing a derivative-based bitcoin ETF but not a bitcoin spot ETF, and wrote that bitcoin spot ETFs are directly asset-dependent and offer investors more protection than one based on derivatives.

CoinShares Digital Asset Manager Announced total comprehensive income of £ 84.9 million ($ 114.7 million) in 2021 at the end of the third quarter, an increase of 361% over the full year of 2020. Your total profit before interest, Tax and Depreciation (EBITDA) was GBP 88.8 million (USD 119.9 million), while total assets under management reached GBP 2.9 billion (USD 3.92 billion).

Digital Asset Management Galaxy reported preliminary assets under management of $ 3.15 billion as of October 31, 2021. This is a 42% increase compared to September 30 of this year.

Technical study of the game Mythical Games raised $ 150 million with a valuation of $ 1.25 billion, by VentureBeat. studio will use the funds to launch its open-world multiplayer game Blankos Block Party, as well as its platform for creating NFT-powered games.

NBA star Kevin Durant has launched a Special Purpose Acquisition Company (SPAC) to seek to partner with technology-driven companies, including cryptocurrency companies, according to a filing with the SEC. SPAC seeks to raise $ 200 million in its initial public offering.

Career news

Top Fintech Revolution is looking for a professional to lead a technical team to design and build the Revolut Crypto exchange, for mail business, published today on LinkedIn. A candidate must have experience building order search engines (eg cryptocurrency exchanges) and have a ‘real interest in the cryptocurrency industry’, among other requirements.

Bitcoin mining company Bitfury took over the first Binance.IT Chief Brian Brooks as the new CEO of the Financial Times reported. Brooks is replacing Valery Vavilov, who will remain Bitfury’s “Director of Vision,” according to the report.

Prime Blockchain inc. (PrimeBlock), a digital asset mining and infrastructure provider, announced today that Gaurav Budhrani, former Goldman Sachs vice president who led cryptocurrency investment banking coverage and Alan Konevsky, interim CEO and most recent legal director of tZERO Group and Former CEO of Goldman Sachs, they were named CEO and CEO, respectively.

Read also Bitcoin price breaks the $ 50,000 barrier

Adoption news

Paytm, the pioneer of digital payments in India, would consider BTC offerings if national authorities remove regulatory uncertainty surrounding cryptocurrency adoption, CFO Madhur Deora told Bloomberg TV.

Crypto charity platform Donation block has announced the launch of 15 new “Cause Funds” to better target donations to charities with similar goals and missions. new cause funds bring together various non-profit organizations that have a similar goal or mission and add that the function is perfect for those looking to support a specific problem or cause rather than an organization.

Metaverse News

NFT Enjin (ENJ) ecosystem has announced a $ 100 million Metaverse fund for Ephinity, a cross-chain NFT network that is based on Polkadot (DOT). fund will support adopters, as well as other organizations that build and integrate the ecosystem.

KuCoin has announced the launch of its Meta Office, which will be available in the metaverse at the Bloktopia Skyscraper. virtual office includes cyberpunk decor, interactive virtual furniture, instant chat and voice communication, and more.

Bosonic Protocol claimed to have released the first version of its decentralized trading protocol on Ethereum (ETH) Mainnet. Boson protocol allows the sale of physical products in the metaverse as NFT.

Exchange news

Binance She said is launching an initiative called Objective Moon and worth 100 million euros ($ 115 million) to develop the blockchain and crypto ecosystem in France and the rest of Europe. Funded by Binance, it will go towards the development of a Binance research and development center in France, along with the creation of a decentralized accounting technology accelerator and a new online training program to develop talent from the blockchain and crypto industry in France. said.

Coinbase announced that some clients could borrow up to $ 1 million from the exchange itself, using BTC as collateral. While the amount will depend on state rules, users will be able to borrow up to 40% of the value of BTC in their accounts at an annual rate of 8%.

Also Read Bitcoin (BTC) On-Chain Analysis: Old Addresses Won’t Benefit Despite Recent All-Time Highs

DeFi News blockchain computer network Announced the launch of Serum Markets, which will help bring to light the trading data of Serum liquidity protocol. In the future, projects will be able to connect to Project Serum data using technology to enhance Solana’s (SOL) decentralized financial analysis (DeFi) landscape, they said.


A multinational central bank (CBDC) digital currency project involving mainland China, Hong Kong, Thailand and the United Arab Emirates is examining various options to expand its use, according to the South China Morning Post. reported.

Security news

Cybersecurity company Checkpoint Search (RCP) alerted cryptocurrency users to a massive search engine phishing campaign that resulted in the theft of at least half a million dollars, in which users attempted to download and install known cryptocurrencies or modify your coins on cryptocurrency exchange platforms such as PancakeSwap or Uniswap. Phishing scams come from Google’s ad campaigns, where fake websites appear before the original site when people search for the term in question.

NFT News

Hybe, the agency of South Korean group BTS, will launch new pop acts and invest in non-fungible tokens (NFTs), according to the South China Morning Post. Hybe has invested in a cryptocurrency operator Dunamu that manages the Upbit Exchange and will launch a joint venture to create NFT with Hybe artists and content, including versions related to BTS.

Decentralized database provider Bluzelle Ella said is launching its mainnet file storage solution, marking its transition from a raw data storage provider to becoming a hosting platform for all types of files that require the benefits of blockchain. solution is primarily aimed at NFT platforms.

Barcelona football club And camaraderie with the NFT Ownix ​​market Make Barça’s NFTs available to fans through photos and videos with emblematic moments in the club’s history. Various NFT auctions will take place throughout the season.

Read also Ponderay paper mill reopens as a cryptocurrency mining operation

Blockchain news

Bank of International Agreements (BRI) Innovation Center Announced the positive conclusion of the Genesis Project, which consists of two prototypes of digital platforms that aim to allow investments in green bonds with greater transparency and greater access to retail investors. first prototype simulates the life cycle of a typical bond on a licensed distributed ledger platform, while the second tests the same procedure on a public blockchain and both show that ‘DLT technology can be used to simplify issuance bond. Green throughout the life cycle ”. .

Crime news

Joseph James O’Connor, known as PlugwalkJoe, and his accomplices were charged with a so-called SIM swap attack on three executives of a Manhattan cryptocurrency company, stealing $ 784,000 in cryptocurrency from two clients, and laundering what they stole, March to May 2019, according to Reuters. He was awaiting possible extradition from Spain following his arrest for a hack in July 2020 that compromised dozens of accounts and allegedly generated more than $ 118,000 in BTC.

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