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Notizie sulle criptovalute e i Bitcoin

60% of Latam Professionals Open to Using Metaverse Tools at Work: Study
September 30, 2022 10:00
latam metaverse

Workers and executives in Latam are open to trying metaverse tools in conjunction with their traditional work, according to a study commissioned by Ciena, a software, networks, and services company. The study, which surveyed 15,000 business workers from all around the world, found that there is optimism about the implementation of these technologies.

Latam Office Workers Consider Metaverse-Based Tools Useful

After the Covid-19 pandemic, more and more companies have changed their working requirements, with the rise of remote work being a consequence of this. According to a recent study presented by Ciena, a networks software company, Latam office workers are especially open to including these technologies at work.

The study, which surveyed 15,000 business professionals in 15 different regions including Colombia, Brazil, and Mexico, found that almost 60% would consider working from a virtual metaverse platform. In the same way, more than 50% believe that collaboration is achieved in an easier way using virtual platforms than face-to-face.

The reasons behind this belief vary from country to country. In Mexico, the rationale is linked to the belief that there are fewer possibilities of distractions using these tools. In Colombia and Brazil, it is considered that these tools aid the economy of the companies using them.

More Findings, Perceived Limitations

There is also a growing understanding that working trends will change in the not-so-distant future. 40% of those surveyed in Latam believe that in the next two years their working environments will start shifting from traditional locations to more virtual/immersive locations. This percentage is higher than its equivalent in the rest of the world.

Metaverse is also seen as a tool useful for purposes other than work. The survey determined that 63% of the surveyed would use virtual platforms for learning and education purposes in Colombia. In Mexico, 60% would use these platforms to socialize, and 69% would use them for online gaming purposes in Brazil.

However, those surveyed are also aware of the limitations of such tools and their dependence on infrastructure and services. More than 40% in Mexico and Brazil declared that network reliability was a concern for this kind of application. Another worry is the relative ignorance about implementing and using these tools in working environments.

The results of the survey are consistent with another study published by the World Economic Forum in May, which found that countries in Latam had a greater appreciation of the metaverse than the rest of the world.

What do you think about the appreciation of the metaverse in Latam? Tell us in the comments section below.

Despite Accounting for 2% of Global Activity, Sub-Saharan Africa Has ‘Some of the Most Well-Developed Cryptocurrency Markets of Any Region’: Report
September 30, 2022 09:00

According to a recent Chainalysis report, although Sub-Saharan Africa is believed to account for as little as 2% of global transaction activity, the area “contains some of the most well-developed cryptocurrency markets of any region.” Additionally, Sub-Saharan Africa’s “retail market and outsized usage of P2P platforms make it unique compared to other regions.”

Sub-Saharan Africa’s ‘Outsized Usage of P2P Platforms’

According to a new report by blockchain intelligence firm Chainalysis, Sub-Saharan Africa’s total crypto transaction volumes of $100.6 billion seen between July 2021 and June 2022 are the least of any region that has been surveyed. While the on-chain volumes during this period are 16% higher than the preceding period, the report nevertheless states that Sub-Saharan Africa only accounts for 2% of the global crypto activity.

Despite Accounting for 2% of Global Activity, Sub-Saharan Africa Has Some of the Most Well-Developed Cryptocurrency Markets of Any Region': Report

Still, according to the blockchain analysis firm’s findings, Sub-Saharan Africa likely has some of the most developed cryptocurrency markets globally. The Chainalysis report said:

[A] deeper analysis reveals that Africa contains some of the most well-developed cryptocurrency markets of any region, with deep penetration and integration of cryptocurrency into everyday financial activity for many users.

To help buttress these assertions about the region, the report points to the structure of the region’s crypto market and how this distinguishes Sub-Saharan Africa from other regions. As explained in the report, the retail market as well as an “outsized usage of P2P platforms” is what separates this region from the rest of the global crypto market.

“Retail-sized transfers below $10,000 make up 6.4% of its transaction volume, more than any other region. The role of retail becomes even more apparent when we look at the number of individual transfers. Retail transfers make up 95% of all transfers, and if we drill down to just small retail transfers under $1,000, the share becomes 80%, more than any other region,” the report stated.

Despite Accounting for 2% of Global Activity, Sub-Saharan Africa Has Some of the Most Well-Developed Cryptocurrency Markets of Any Region': Report

Continuing Economic Challenges Driving Crypto Usage

Meanwhile, the region has seen an increase in the number of users that prefer to use peer-to-peer (P2P) exchanges. As stated in the report, the region’s P2P volumes alone are thought to “account for 6% of all cryptocurrency transaction volume in Africa.”

Concerning Sub-Saharan Africa’s projected future use of crypto, the report said:

“Overall, we expect cryptocurrency usage in Sub-Saharan Africa to continue growing as long as residents face issues crypto has proven it can solve for them, such as preserving savings through economic volatility and enabling cross-border transactions in places with strict capital controls.”

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Brazilian Securities and Exchange Commission CVM Subpoenas Mercado Bitcoin on Fixed Income Token Investments
September 30, 2022 07:30
Brazilian CVM

The Brazilian Securities and Exchange Commission (CVM) has sent a subpoena to Mercado Bitcoin, one of the biggest exchanges in the country, to inquire about the services the company lends regarding cryptocurrency-related fixed return investments. The company will have to disclose the details of these investments and if they plan to maintain them as available to the general public.

Mercado Bitcoin Subpoenaed on Fixed Income Token Investments

Cryptocurrency exchanges are becoming more than just that, and in regions like Latam, where there are countries with high inflation numbers, some offer bank-like products to entice customers to enter the crypto market. Mercado Bitcoin, one of the biggest cryptocurrency exchanges in Brazil, has been subpoenaed by the Brazilian Securities and Exchange Commission (CVM) on the services that it offers customers via its platform.

The subpoena inquires about the services offered via the Tokens section on the web page of Mercado Bitcoin, which, according to the CVM, offers a way for customers to diversify their portfolio with supposed low risk and receive a high yield in different areas.

These tokens are available for customers with more than a certain number of stablecoins, ostensibly providing a higher yield than normal savings products in the short term.

CVM Subpoena Details

The CVM is requiring certain key information about how these tokens work. Mercado Bitcoin will have to detail the number and identities of the customers that have invested in these products since January 2020. In addition, Mercado Bitcoin will have to announce if it intends to keep offering these token products in the future. If it does, the company might face sanctions if the CVM decides that the products are irregular.

However, Mercado Bitcoin affirms it is not offering irregular services. In a statement, the company explained:

We do not carry out a public offering of securities outside the scope of the authorizations we have as an authorized crowdfunding and investment manager platform.

In the same way, the company clarified that they take the utmost care to not infringe the field of action of authorized entities, and that the company had consulted about the structure of these tokens before offering the products in 2020.

This is just the latest problem that the exchange has faced this year, with the company executing two different layoff rounds, the first in June and the last one executed earlier this month. In 2021 Mercado Bitcoin raised $200 million in its Series B funding round, backed by Softbank, achieving a valuation of more than $2 billion.

What do you think about Mercado Bitcoin’s CVM subpoena? Tell us in the comments section below.

Circle Launches Cross-Chain Transfer Protocol, USDC Issuer Acquires Payment Orchestration Firm Elements
September 30, 2022 05:30
Circle Launches Cross-Chain Transfer Protocol, USDC Issuer Acquires Payment Orchestration Firm Elements

On Thursday, at the Converge22 event in San Francisco, Circle announced the acquisition of the payment orchestration company Elements. Circle explained that the acquisition includes plans to “quickly scale payment offerings.” Circle says the new service will make it easier for merchants to integrate their existing points of contact with Circle’s crypto solutions.

Circle Reveals New Permissionless Cross-Chain Transfer Protocol at Converge22


This week Circle and a number of other crypto industry heavyweights attended the Converge22 event in San Francisco. During the conference, Circle has made a number of announcements like usd coin (USDC) support being added to Robinhood Markets’ offerings. In addition to partnering with Robinhood, Circle also announced the firm’s new “cross-chain transfer protocol to support USDC interoperability for developers [and] their users.”

“Cross-Chain Transfer Protocol is permissionless and enables USDC to be sent natively across ecosystems, improving liquidity and reducing fragmentation of bridged assets,” Circle’s official Twitter account said on Wednesday. “Developers building wallets, bridges, payments apps, financial services tools [and] more will be able to deliver simple, cross-chain USDC transactions – simplifying the user experience and maximizing capital efficiency,” Circle added.

USDC Issuer Acquires Payment Services Firm Elements


The following day, Circle announced it has acquired the payment services firm Elements. Circle detailed that the acquisition “includes plans to quickly scale payment offerings to unlock utility value for crypto and lower the barrier of entry for merchants to access next-gen payments and financial services.” Nikhil Chandhok, the chief product officer at Circle said that the company was “very impressed by the Elements team.”

The crypto asset company and stablecoin issuer Circle further stated:

The new payment offerings make it simple for merchants to integrate their existing PSP relationships with Circle’s crypto payment offerings.




The news follows the market capitalization of the stablecoin usd coin (USDC) deflating by $6.7 billion in 83 days. Furthermore, both Binance and Wazirx recently auto-converted their customer’s USDC holdings into the stablecoin asset BUSD. In June, Circle revealed USDC Polygon support and it launched a stablecoin asset backed 1:1 with the euro on June 16. The company also partnered with New York Community Bancorp and revealed the holding company would custody USDC reserves.

“Elements’ mission is to put more money into the hands of merchants,” Nafis Jamal, the founder and CEO at Elements said during the announcement on September 29. “With Circle, we knew the natural synergy in our business models would create an opportunity to deliver a seamless and low cost payments and settlement experience for merchants using a digital currency they can trust.”

What do you think about Circle acquiring the payments services firm Elements? Let us know what you think about this subject in the comments section below.

CoinEx Establishes Partnership With RLWC2021
September 30, 2022 05:00

PRESS RELEASE. The Rugby League World Cup 2021 (RLWC2021) has announced CoinEx as its official cryptocurrency trading platform partner.

Founded in 2017, CoinEx is a professional global cryptocurrency exchange. Dedicated to ‘making crypto trading easier’, CoinEx provides a highly secure, stable and efficient service for its three million global users.

It’s a first for the World Cup to be in a position to follow other sports in having a cryptocurrency company as a partner, and CoinEx is honoured to have the opportunity to establish a partnership with RLWC2021.

CoinEx CEO Haipo Yang said, “We genuinely admire what the RLWC2021 represents. The tournament is set to trail blaze a way to reach new audiences for the sport, and we are excited to be a part of that through our partnership.

“This will be the first major sponsorship activity we have undertaken, and we look forward to working together to make it a success for both parties.”

Jon Dutton, RLWC2021‘s Chief Executive, said: “Crypto companies have recently established themselves in the sports sponsorship market, and I am pleased that we have been able to introduce this innovative sector to the Rugby League World Cup.

CoinEx is a global company whose trading platform focuses on being secure, stable, professional and compliant, which aligns with RLWC2021’s value of authenticity. We’re excited to add CoinEx to our partner roster and look forward to working together on the partnership.”

The RLWC2021 is set to take place from 15 October to 19 November 2022 and will be the first time the RLWC encompasses the men’s, women’s and wheelchair competitions within one tournament.

To learn more about the Rugby League World Cup 2021 sponsored by CoinEx, visit https://www.rlwc2021.com/.

 

 




This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

India Freezes Bitcoin at Binance Amid Investigation Involving Crypto Exchange Wazirx
September 30, 2022 03:30
India Freezes Bitcoin at Crypto Exchange Binance in Ongoing Investigation Involving Wazirx

India’s Enforcement Directorate (ED) says it has frozen more than 77.6 bitcoins that were transferred to Binance from Indian crypto exchange Wazirx. The freeze is part of a money laundering investigation into a mobile gaming application.

Indian Authority Freezes Bitcoin Held at Crypto Exchange Binance


India’s Directorate of Enforcement (ED) announced Wednesday that it has frozen 77.62710139 bitcoins under the country’s Prevention of Money Laundering Act (PMLA). The ED is the Indian government’s law enforcement and economic intelligence agency.

The freeze is part of the ED’s investigation into a mobile gaming application called E-nuggets. According to the announcement, the cryptocurrency was transferred from Wazirx, a popular Indian exchange, to Binance. The ED also tweeted a summary of its action.

India Freezes Bitcoin Held at Crypto Exchange Binance in Ongoing Investigation Involving Wazirx

The law enforcement agency explained that “Aamir Khan, S/o Nesar Ahmed Khan launched a mobile gaming application namely E-Nuggets, which was designed for the purpose of defrauding [the] public,” adding:

After collecting seizable amount of money from the public, all of a sudden withdrawal from the said app was stopped on one pretext or the other. Thereafter, all data including profile information was wiped off from the said app servers.


The ED explained that its investigations have revealed that the accused transferred part of the illegally earned funds overseas via the Indian crypto exchange Wazirx.



The accused allegedly opened a dummy account in the name of “Sima Naskar (Proprietor of M/s Pixal Design)” with Wazirx and used it to purchase cryptocurrencies, the ED further described, elaborating:

Thereafter the said crypto currencies were further transferred to another account in another crypto exchange, namely Binance.


“The balance of said transferred cryptocurrencies i.e. 77.62710139 bitcoins [equivalent to USD 1,573,466 (Rs 12.83 crore approximately)] at Binance crypto exchange has been freezed,” the ED wrote.

Binance was believed to have acquired Wazirx in 2019. However, Binance CEO Changpeng Zhao (CZ) recently said that the acquisition “was never completed,” emphasizing that “Binance has never — at any point — owned any shares of Zanmai Labs, the entity operating Wazirx.”

The ED froze the bank assets of Wazirx worth more than $8 million in August. However, earlier this month, Wazirx said that its bank accounts have been unfrozen. Following Wazirx, the ED froze crypto and bank assets worth $46 million of Vauld, a crypto platform backed by Peter Thiel. In August, the agency searched crypto exchange Coinswitch Kuber. However, the CEO of the exchange said that it was not related to money laundering investigations.

What do you think about the ED freezing bitcoin held at crypto exchange Binance? Let us know in the comments section below.

Billionaire Stan Druckenmiller Discusses Cryptocurrency Having ‘Big Role in a Renaissance’ — ‘People Aren’t Going to Trust Central Banks’
September 30, 2022 01:30

Renowned billionaire hedge fund manager Stanley Druckenmiller says he could see cryptocurrency “having a big role in a Renaissance because people just aren’t going to trust the central banks.” He added that he will be “stunned” if the U.S. isn’t in a recession next year.

Stanley Druckenmiller: People Just Aren’t Going to Trust Central Banks


Billionaire investor Stanley Druckenmiller discussed the U.S. economy and cryptocurrency in an interview at the CNBC Delivering Alpha conference Wednesday. Druckenmiller is the chairman and CEO of Duquesne Family Office LLC. He was previously a managing director at Soros Fund Management where he had overall responsibility for funds with a peak asset value of $22 billion. According to Forbes’ list of billionaires, his personal net worth is currently $6.4 billion.

Referencing the news of the Bank of England buying 65 billion pounds of U.K. bonds, he said “if things get really bad” and other central banks take similar action in the next two or three years:

I could see cryptocurrency having a big role in a Renaissance because people just aren’t going to trust the central banks.


However, he revealed that he does not own any bitcoin or other cryptocurrencies, adding, “it’s tough for me to own anything like that with central banks tightening.”

Focusing on the U.S. economy, Druckenmiller stressed that the Federal Reserve was “taking unbelievable risks.” He emphasized, “We’re taking this massive gamble where you threaten 40 years of credibility with inflation, and you’re blowing up the wildest raging asset bubble I’ve ever seen,” asserting:

The Fed was wrong. They made a big mistake.


“If you remember, the Fed did $2 trillion in QE after vaccine confirmation,” the billionaire explained. “At the same time, their partner in crime, the administration, was doing more fiscal stimulus — again, post-vaccine, after it was clear emergency measures weren’t needed — than we did in the entire great financial crisis.”

Druckenmiller continued: “If you look at what the Fed did, the radical gamble they took to get inflation up 30 basis points from 1.7 to 2, it’s, to me, sort of a risk-reward bet … And they lost.”

He elaborated: “And who really lost? Poor people in the United States, ravaged by inflation, the middle class, and my guess is the U.S. economy for years to come because of the extent of the asset bubble in time and duration and breadth it went on.”



Regarding whether there will be a recession in the U.S., Druckenmiller shared:

Let me just say this. I will be stunned if we don’t have a recession in ’23. Don’t know the timing, but certainly by the end of ’23.


In a subsequent interview with Bloomberg Wednesday, the Duquesne Family Office CEO reiterated that Federal Reserve policymakers “have put themselves and the country, and most importantly the people of the country, in a terrible position.” He warned that “Inflation is a killer,” noting that “To maximize employment over the longer term, you need to have stable prices.”

What do you think about the comments by billionaire Stan Druckenmiller? Let us know in the comments section below.

Citadel CEO Ken Griffin Says Inflation May Have Peaked — Warns a Recession Is Coming
September 29, 2022 23:30
Citadel CEO Ken Griffin Says Inflation May Have Peaked — Warns a Recession Is Coming

Citadel CEO Ken Griffin says inflation may have peaked but a recession is coming. “We’re in a very uncertain time for investors,” the executive cautioned, adding that the Federal Reserve “is grappling with a level of inflation we haven’t seen in a long time.”

Citadel’s Ken Griffin on U.S. Economy, Inflation, Recession, and Cryptocurrency


Kenneth Griffin, founder and CEO of global investment firm Citadel, shared his views on a variety of topics, including the U.S. economy and cryptocurrency, at the CNBC Delivering Alpha conference Wednesday.

“It’s a very uncertain time,” he began. “We are grappling with the threat of nuclear war in Ukraine. We’re grappling with unprecedented central bank interventions. We’re grappling with record-high inflation in the United States in our lifetimes. We’re in a very uncertain time for investors,” Griffin stressed.

Noting that the U.S. equity market is showing “a level of resiliency” and the U.S. economy “is still strong,” he asserted:

We’re probably looking at peak inflation having just occurred or just about to occur. So the forward trajectory on a number of key fronts looks somewhat better domestically, again, assuming nothing goes totally off the rails abroad.


Regarding whether the U.S. economy will slide into a recession, he opined: “Everybody likes to forecast recessions, and there will be one, it’s just a question of when and, frankly, how hard.”

The Citadel boss continued: “And is it possible that end of ’23 we have a hard landing? Absolutely.” He further shared that his investment firm is “very focused on the possibility of a recession” as part of risk management.

“The Fed is grappling with a level of inflation we haven’t seen in a long time. They have a very limited toolkit,” Griffin stressed, warning that the Federal Reserve can raise interest rates but it “has very adverse consequences,” such as to home builders and auto manufacturers. However, the executive believes that “right now, the American consumer is feeling pretty good about where things stand on an absolute basis.”

The Citadel founder proceeded to talk about Europe. “There’s a war in Europe. There is record inflation,” he said, adding:

Europe is probably already in a recession because of the high cost and scarcity of energy.


Nonetheless, he pointed out that while the market is down, “it’s not down as much as you probably would have thought if you looked at the news headlines.”



Griffin was also asked about cryptocurrency. “There’s a bit of an intergenerational fight here,” he began. “I see my younger colleagues much more crypto-centric than my older colleagues, and for good reasons, including, ironically, sort of a libertarian view of the world.” The Citadel CEO described:

As our government gets bigger and bigger, a certain number of people sort of feel like, you know what, I want the privacy … want to pull away from government.


“So what’s interesting is we see people pulling away from big governments when they look at assets like cryptocurrency, which is a real irony given how people view government can solve so many other problems,” he concluded.

What do you think about the comments by Citadel CEO Ken Griffin? Let us know in the comments section below.

Arbswap Launches the Nova Accelerator to Support Arbitrum’s Ecosystem Growth
September 29, 2022 23:00

PRESS RELEASE. Arbswap, the Arbitrum-native automated market maker decentralized exchange, has seen significant progress over the past months. Following the migration of its contracts to the Arbitrum Nova network, Arbswap has recently launched the Nova Accelerator with support from Old Fashion Research, a multi-strategy blockchain investment fund. By establishing the Accelerator, Arbswap has set out to support the growth of Arbitrum Nova’s ecosystem through investments and advisory services for projects building on the platform. According to Arbswap, the Nova Accelerator aims to invest $10 million in the Arbitrum Nova ecosystem.

About Arbswap and Arbitrum Nova


Arbitrum Nova is an Arbitrum Layer-2 scaling solution that optimizes ultra-low-cost transactions while offering strong security guarantees. Being the first Arbitrum chain built on its AnyTrust technology, Arbitrum Nova is meant to serve applications that handle high volumes of price-sensitive transactions, such as gaming, social and decentralized exchanges.

As a decentralized exchange, Arbswap aims to offer maximum security and affordability to users swapping tokens on its DEX. Arbitrum Nova boasts high security and low transaction costs even at high volumes, so Arbswap’s swift decision to migrate to Nova is sure to serve as a significant first mover advantage over other exchanges with “high” transaction costs of the Arbitrum One chain. Furthermore, the various DeFi tools offered by Arbswap, such as liquidity mining, staking pools, and Dasher, a launchpad product that bootstraps new Arbitrum Nova projects through vested token sales, make Arbswap a very attractive DEX for various market participants.

Combined with Dasher, the Nova Accelerator has allowed Arbswap to position itself as a powerful force in the Arbitrum universe, offering projects building on Arbitrum Nova a way to finance and launch their products through the Arbswap ecosystem.

For all Arbswap-related updates, make sure to follow their social media channels:

Website | Twitter | Telegram | Announcements

Name: Stag Arbswap

Email: stag@arbswap.io

 

 




This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bittrex, Merkle Science, Bitgo Join Crypto Market Integrity Coalition
September 29, 2022 22:00

Following the introduction of the Crypto Market Integrity Coalition (CMIC) with 17 member firms last February, the organization has added eight new members. New coalition recruits include Bittrex, Merkle Science, Crystal Blockchain and Bitgo.

8 Crypto Market Firms Join Crypto Market Integrity Coalition to Improve Self-Regulation


Seven months ago, 17 crypto firms announced the formation of the Crypto Market Integrity Coalition (CMIC), a group that aims to bolster a sensibly-regulated crypto industry. Original CMIC members included Circle, Coinbase, Anchorage Digital, Huobi Tech, Liberty City Ventures, and the Chamber of Digital Commerce.

“Through the pledge, the coalition seeks to send an unequivocal message at this critical moment in the evolution of digital assets: The crypto industry has made enormous strides to improve market integrity in the past few years,” the CMIC launch announcement noted on February 7, 2022.

On Thursday, CMIC detailed that eight new members have joined the coalition. Newly added CMIC members include Bittrex, VAF Compliance, Merkle Science, Tokenomy, Crystal Blockchain, Finclusive, Oasis Pro Markets, and Bitgo. The chief compliance officers (CCOs) at Bitgo and Bittrex spoke about joining the CMIC initiative.



Michael Carter, the chief compliance officer at Bittrex said the crypto exchange looks forward to “working with fellow coalition members on collective educational efforts and sharing insights that will contribute to the industry’s continuing evolution.” Jeff Horowitz, Bitgo’s chief compliance officer detailed that Bitgo welcomes discussions with regulators and policymakers.

“We’re seeing increasing appetite on the part of institutional investors to actively participate in the growing digital asset economy, and regulatory clarity will address concerns that have stemmed from uncertainty,” Horowitz said on Thursday during the CMIC announcement. “We continue to welcome discussion with policymakers on how to encourage innovation while protecting investors and businesses,” the Bitgo

What do you think about the eight crypto companies that recently announced joining the Crypto Market Integrity Coalition? Let us know what you think about this subject in the comments section below.

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