Die Stadt erlaubt Steuerzahlern, Krypto-Zahlungen über Drittanbieter zu machen.
Crypto.com invests $145M in its new European headquarters
Crypto.com has followed Binance in launching a headquarters in France in a bid to establish its presence in Europe.
Cryptocurrency exchange Crypto.com announced on Wednesday that it had launched its European headquarters in France.
The company said it spent around $145 million to establish its European headquarters.
In its blog post, Crypto.com said this latest development comes after it was registered as a Digital Asset Service Provider (DASP) by the Autorité des marchés financiers (AMF) after clearance with the Autorité de Contrôle Prudentiel et de Résolution (ACPR) in September.
Crypto.com added that its investment would help anchor its long-term commitment to France via the hiring of local talent to drive the company’s efforts across the region. The French office will focus on compliance, business development, and product.
While commenting on this latest development, Eric Anziani, COO of Crypto.com, said;
“We are incredibly excited to cement our commitment to France and Europe through the establishment of our regional headquarters in Paris. Our regulatory approval was the first important step in our journey in France, and we look forward to continuing to engage with stakeholders across sectors to help facilitate the new digital economy in France and providing customers a best-in-class crypto experience.”
Crypto.com has been around since 2016 and has grown to become one of the biggest cryptocurrency exchanges in the world, with more than 50 million users. The platform’s interface is a mobile app that enables users to buy and sell cryptocurrencies with direct fiat onramps easily.
In addition to its licence in France, Crypto.com also has licences in other countries, including the United Kingdom, Singapore, Italy, Australia, Greece, South Korea, Dubai, the Cayman Islands, and Canada.
During the height of the bull market last year, Crypto.com penned sponsorship deals with several sporting institutions, including the English Premier League, Nascar and Aston Martin’s Formula One division.
Earlier this month, Crypto.com announced that it would be adding Google Pay and Apple Pay support for Crypto.com Visa Card users in Canada.
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Kursanalyse, 12. Oktober: Bitcoin (BTC), Ether (ETH), Binance Coin (BNB)
Bitcoin und die großen Altcoins werden wahrscheinlich eine größere Volatilität verzeichnen, sobald die Daten zum Verbraucherpreisindex am 13. Oktober veröffentlicht werden.
India police launch complaints portal powered by Polygon
Polygon co-founder Sandeep Nailwal said the blockchain portal will greatly improve the quest for justice.
Indian Police have launched the country’s first complaints portal powered by the Polygon blockchain, according to details published earlier this week.
As shared by Polygon co-founder Sandeep Nailwal on Wednesday, the portal is for ‘first information report (FIR) and was developed for the Indian state of Uttar Pradesh’s Firozabad Police.
Police Complaint on Blockchain
Cryptocurrencies might yet face more regulatory hurdles from the Indian government, but blockchain technology continues to see growing adoption.
One of the major news this week has been the piloting of the new blockchain-powered system for the Firozabad police.
Announced this week, the ‘Police Complaint on Blockchain’ is built on the Polygon’s modular blockchain, which offers a customised network for specialised functionality. In this case, the system is enable FIR accessibility and in so doing help curtail instances of report manipulation as well as the blocking of such reports across the system.
जनपद में जनशिकायतों के त्वरित निस्तारण हेतु पायलट प्रोजेक्ट “पुलिस कम्पलेन्ट ऑन ब्लॉक चैन” को लॉन्च किये जाने के सम्बन्ध में वरिष्ठ पुलिस अधीक्षक फिरोजाबाद द्वारा दी गयी वीड़ियो बाइटः- 1/2 @Uppolice @adgzoneagra @igrangeagra @IpsAshish pic.twitter.com/kTBolZbfwV
— Firozabad Police (@firozabadpolice) October 10, 2022
Per the Firozabad police, anyone seeking to lodge grievances will be able to do so via a special QR code available at all Firozabad police stations.
“With an FIR (first information report) going on blockchain, specifically if people can get online platform to file these with their identity, no lower level officers can deny the FIR. This could be a game-changer in ensuring the right to justice,” Nailwal explained in tweet.
Users will benefit from features such as transparency and immutability of filed reports, something that has been lacking amid allegations of corruption among officers.
Kashif Raza, the founder of Web3 focused platform Bitinning, says Polygon powering the complaints portal also makes reporting easy and verifiable.
Under the guidance of tech-savvy (IIT-Kharagpur) IPS officer @IpsAshish, 🇮🇳’s 1st police complaint portal on @0xPolygon blockchain has been launched in Firozabad (UP).
1) Complaints are now immutable.
2) Verifiable.
3) Easy to file.https://t.co/aKbio1ljts@sandeepnailwal🚀— Kashif Raza (@simplykashif) October 12, 2022
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Chainlink price: what’s the outlook after an 8% dip?
Chainlink (LINK/USD) has been under pressure of late. The losses in the week stand at 8.28% after accelerating by an intraday of 2%. The cryptocurrency has now lost about 88% of its value since last year’s high of around $53. But is Chainlink set to fall further?
Chainlink price drops to $7.13 amid bearish pressure
LINK bottomed at $6.0 in June as recovery looked sustainable. Currently, LINK trades at $7.13 from a local top of nearly $10 in August. The August high reflected optimism around Chainlink Economics 2.0. In particular, a token staking mechanism introduced by the new roadmap inspired the crypto community. The update also introduces long-term security on the network.
Consequently, the current LINK price reflects a broader concern than the blockchain’s specifics. A weak crypto sentiment due to macro concerns is responsible for the losses. Last week, US job numbers came stronger than expected, raising the speculations of economic tightening.
On Thursday, the US will release the inflation report amid expectations of elevated prices. A high inflation rate will cement the Fed’s resolve to raise rates aggressively to tame prices. Consequently, investors are taking a back seat from risky assets such as Chainlink ahead of the report.
What’s the outlook for Chainlink price?
Chainlink 2.0 is a game changer for LINK. However, the update should be looked at in the longer term in influencing LINK price. That’s large because cryptocurrencies are showing a lot of correlation with macro events.
Besides, the recession continues to be a big fear. With the recession bells continuing to ring, the near future outlook for LINK remains bleak. Potentially, we will see a further downside before LINK makes a sustained comeback. Should the existing concerns fail to subside, the $6.0 bottom remains in sight.
LINK technical analysis
The daily chart outlook shows bears have overcome a potential rise above $7.5 for LINK. The level has been tested multiple times. On the downside, however, bulls have resisted a decline below the short-term ascending trendline. Who wins?
Source – TradingView
Looking at the daily chart, two possibilities, a bull and bear case, line up for the Chainlink token.
In the bull case, we assume that LINK buyers will continue to defend the ascending trendline. That will allow the price to continue to push high up for a potential breakout above 7.5. For such a possibility, the crypto sentiment must improve. It could also happen due to Chainlink’s specific developments.
In the bear scenario, LINK bears will push the price below the ascending trendline. That will allow them to defend the $7.5 resistance. If bears manage to do so, then LINK could head back to the yearly bottom at $6.0.
Is the bear scenario more likely? Probably yes, from the technical indicators. The MACD indicator is in the bear zone while momentum is weakening. The recent declines also saw the LINK price move below the moving averages. However, soft inflation data on Thursday could turn the tables and help LINK overcome a possible drop to $6.0. So, we keep both scenarios open.
How to buy Chainlink
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Capital.com
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