Kategorie: Crypto Markets

• Crypto.com achieves FCA approval.
• The license empowers crypto.com to introduce UK-localized e-money products.
• The series of approvals underscores the exchange’s responsible innovation in the rapidly evolving cryptocurrency market.

Singapore-based cryptocurrency exchange, Crypto.com, has achieved a significant milestone by securing an Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA).

This move allows the exchange to introduce UK-localized e-money products, ensuring compliance with stringent FCA consumer protection standards.

We are proud to announce that https://t.co/vCNztATSCO has been authorised as an Electronic Money Institution (EMI) by the UK’s Financial Conduct Authority (FCA), building on our position in the UK market.

Full details:https://t.co/r9lKtF1nkX pic.twitter.com/FMywky63yL

— Crypto.com (@cryptocom) December 4, 2023

Crypto.com, serving over 80 million users globally, continues its strategic expansion, emphasizing regulatory compliance in various jurisdictions.

Crypto.com’s E-Money License and UK expansion

Crypto.com’s recent authorization as an EMI by the FCA signifies a pivotal step in the exchange’s commitment to the UK market. The license empowers Crypto.com to offer a range of e-money products tailored for the UK audience, acting as a digital substitute for traditional fiat currency.

The UK license follows the exchange’s earlier registration as a cryptoasset business in August 2022, enabling the provision of diverse products and services to its UK clientele while complying with local regulatory standards. The CEO, Kris Marszalek, expressed the company’s dedication to the UK market and stressed the importance of collaborating with the FCA for responsible innovation in the crypto space.

Crypto.com’s global regulatory pursuit

Crypto.com’s pursuit of regulatory approvals extends beyond the UK. In November 2022, its Dubai branch secured a Virtual Asset Service Provider (VASP) license, enabling the exchange to offer services such as exchange, broker-dealer, management, investment, lending, and borrowing in Dubai. Earlier, in June 2023, the exchange finalised its registration in Singapore and registered as a VASP with the Bank of Spain, allowing it to offer compliant products and services in Spain, adhering to anti-money laundering directives and financial crime laws.

These regulatory milestones underscore Crypto.com’s dedication to compliance and user protection as it navigates the dynamic cryptocurrency market. The strategic acquisition of licenses across diverse jurisdictions reinforces the exchange’s position as a global player committed to regulatory standards and responsible innovation in the evolving crypto landscape.

The post Crypto.com granted UK E-Money License by FCA appeared first on CoinJournal.

• Illuvium has partnered with Team Liquid to unveil the Early Access release of Illuvium: Arena game.
• The partnership with the esports platform will see streamers limit-test Illuvium: Arena’s competitive modes.
• Fans will have a chance to acquire limited-edition Team Liquid digital collectibles called Illuvitars.

Illuvium, a decentralised gaming platform on Ethereum, has teamed up with esports heavyweights Team Liquid for limit-testing of the Early Access release of its Illuvium: Arena game.

In an announcement shared early this week, Illuvium said the partnership with Team Liquid is a key step towards bringing blockchain gaming to the mainstream audience. 

Team Liquid is a top esports team, with over $47 million won in prizes, while Illuvium (ILV) is one of the top GameFi projects in the crypto gaming industry.

Team Liquid streamers to test Illuvium: Arena game

In the early access phase, integration with Team Liquid will see eight streamers explore and test the Illuvium: Arena game’s competitive modes – Auto Battler and Overworld.  Those to take part in the auto battle game include Midbeast, Broxah and SnoodyBoo.

Currently specialising in Teamfight Tactics, Hearthstone, and League of Legends, the streamers will showcase Arena’s competitive mode to their audience. Illuvium believes this integration will help correct “the perception that blockchain games do fall short of the quality and allure of traditional AAA titles”

Commenting on this, and what its partnership with Team Liquid means for blockchain gaming, Kieran Warwick, co-founder and CEO of Illuvium, said:

“Overcoming the scepticism around blockchain games is crucial, and the way forward is by delivering exceptional gaming experiences. Our collaboration with Team Liquid is a significant milestone in demonstrating that blockchain games, including those with NFTs, can offer engaging and deep gameplay experiences on par with traditional games.”

Fans can acquire Illuvitars

Illuvium combines an immersive gaming experience with the benefits of decentralised finance (DeFi) and non-fungible tokens (NFTs) in a gaming universe that has Illuvium: Zero, Illuvium: Overworld, Illuvium: Beyond and Illuvium: Arena.

Players can trade in-game assets for real-world currency on the gaming platform’s marketplace IlluviDEX. Integration with layer-2 platform ImmutableX allows for peer-to-peer trading and zero gas fees.

With the integration with Team Liquid, fans have a chance to acquire Illuvitars, limited-edition Team Liquid digital collectibles. Demand for Illuvitars is high given their capacity to unlock unique in-game features in the Illuvium Universe.

The collectibles will be available from December 12th.

Illuvium has previously collaborated with retail gaming giant GameStop, and this release comes after three years of development and $60 million investment.

It also follows Illuvium’s listing on the EPIC store, putting the blockchain game alongside mainstream titles such as Fortnite, Destiny 2 and Assasin’s Creed.

The post Illuvium partners with Team Liquid to bring Web3 game to the mainstream appeared first on CoinJournal.

• Recent network upgrade propels Celestia’s (TIA) demand.
• SEI hits an all-time high at $0.295, showcasing a remarkable 151% monthly surge.
• Everlodge (ELDG) redefines real estate investment bringing AirBnb opportunities to Web3.

In the dynamic landscape of the cryptocurrency market, altcoins are making significant strides, capturing investor attention and defying Bitcoin’s dominance. Notable performers include Sei (SEI), Celestia (TIA), and the groundbreaking Bittensor (TAO).

Additionally, Everlodge introduces a unique investment opportunity with its ELDG presale, revolutionizing fractional ownership in the real estate space.

Celestia (TIA): riding high on network upgrade

Celestia (TIA) has emerged as a strong contender, enjoying a steady 211.3% increase over the last 30 days amidst the recent crypto market turbulence.

The token’s surge is partly due to the recent upgrade featuring a modular data availability network propelling TIA’s demand. With a market cap of over $1 billion, Celestia showcases vibrant market interest.

Technical analysis suggests potential bullish trends, emphasizing TIA’s resilience and growth potential.

Sei (SEI): record-breaking surge with growing social buzz

Sei (SEI) has recently hit an all-time high of $0.295, boasting a remarkable 151% monthly surge.

Despite having only a fraction of its total supply (1.8 billion out of 10 billion SEI tokens) in circulation, the altcoin’s market cap has surged to $535 million. Fueled by a major investment from Circle, SEI’s social buzz is growing, with platforms like X and Telegram witnessing increased chatter. Technical analysis points to a potential further uptrend if SEI breaks past key resistance levels.

Bittensor (TAO): pioneering AI integration in blockchain

Bittensor (TAO) stands out as a cutting-edge protocol designed to advance machine learning models on the blockchain. Experiencing notable traction, TAO’s value surged by 254.5% over the last 30 days.

With a unique focus on merging blockchain and artificial intelligence, TAO presents a fresh perspective. The recent surge highlights growing interest in cryptocurrencies leveraging AI to reshape finance and technology.

Everlodge (ELDG): redefining real estate investment

While Celestia, Sei, and Bittensor surge, a new web3 project, Everlodge, is creating a buzz with its revolutionary approach to real estate investment. The project is currently creating waves with its ELDG presale.

Combining fractional ownership, timeshare, and NFT technology, Everlodge digitizes properties into NFTs, allowing users to fractionally invest in hotels, vacation homes, and luxury villas on the blockchain.

The ELDG token features discounts, rewards, and staking opportunities, offering a comprehensive ecosystem for users. With a dynamic pricing model, Everlodge plans to raise $12 million during the presale, aiming for a Uniswap launch and listing on Tier-1 exchanges.

Should you invest in Everlodge (ELDG)?

As the crypto market witnesses the surge of altcoins like SEI, TIA, and the innovative approach of TAO, investors are eyeing opportunities beyond traditional cryptocurrencies.

Everlodge, with its ELDG presale, presents a unique investment opportunity. The platform’s integration of blockchain technology and real estate opens new avenues for fractional ownership, providing users with diverse income-generating options. The ELDG token’s utility, backed by a comprehensive ecosystem, positions Everlodge as a disruptor in the real estate investment space.

In a market flooded with various cryptocurrencies, Everlodge stands out by addressing tangible assets and bringing them to the blockchain, offering investors exposure to the lucrative real estate market in a decentralized manner.

The post SEI, TIA, and Bittensor lead altcoins surge; Everlodge brings Airbnb opportunities to web3 appeared first on CoinJournal.

• Injective (INJ) price surged by nearly 10% as it hit an intraday high of $18.24.
• The gains came as OKX added support for INJ on its spot markets and the community burned more than $65k worth of INJ.
• INJ price is just 28% off its all-time high of $24.89 reached in April 2021.

Injective (INJ) price surged on Thursday as positive catalysts helped bulls break above recent resistance levels. The INJ token reached intraday highs of $18.24, soaring nearly double digits on the day as buyers pushed for the all-time high above $20.

OKX lists INJ, burn auction continues

OKX added support for Injective (INJ) on November 30, opening deposits for INJ/USDT at 6 am UTC. The token opened for spot trading at 10 am UTC.

The Injective team also announced that the community burned $65,000 worth of tokens (3,986.52 INJ), adding to the weekly burns that have been carried out every Wednesday since mainnet launch in 2021. The weekly burn accounts for 60% of all dApps fees.

3/ Yesterday, over $65,000 worth of $INJ was burned 🔥 pic.twitter.com/b59ZKHlx0c

— Injective 🥷 (@Injective_) November 30, 2023

With today’s gains, which came after the latest burn action and listing of INJ for spot trading by crypto exchange OKX, its likely further upside could bring the ATH of $24.89 reached in April 2021 into view. That price is now just 28% away, going by the price of $18.06 at the time of writing.

Injective has soared more than 18% in the past week and 37% over the past month. The price of the layer-1 blockchain’s native token has skyrocketed 940% since hitting new lows a year ago. Trading volume rose 56% in the past 24 hours to over $128 million.

The post Injective surges after latest burn auction and OKX listing appeared first on CoinJournal.

• On-chain debt securities marketplace Obligate launches on Base
• Obligate is a Swiss-regulated on-chain bonds platform, while Base is an Ethereum layer-2 scaling platform launched by Coinbase.
• Deployment on Base will help with institutional adoption of on-chain debt securities, Obligate’s head of partnerships said in an announcement.

Obligate, a Swiss-regulated blockchain marketplace for capital markets, has deployed on Base, the Ethereum layer-2 scaling solution launched by Coinbase.

In an announcement published on Thursday, Obligate termed the development as a significant milestone in the quest to promote adoption of on-chain debt securities to more users. 

Obligate is now live on Base! A monumental step for on-chain debt capital markets, powered by @BuildOnBase, @Coinbase’s Ethereum Layer 2 incubation. https://t.co/8K3fa3aQfA

— Obligate (@obligatecom) November 30, 2023

With demand for on-chain bonds on the rise across the DeFi market, today’s launch is a key step that will see more institutional investors adopt blockchain-native assets.

“Base’s commitment to creating a more open financial system aligns closely with our vision of fostering institutional engagement in on-chain capital markets,” said Matthias Wyss, the head of strategic partnerships at Obligate.

Noting that deploying on Base will give more institutions the tools and infrastructure they need to participate in on-chain debt capital markets, Wyss added:

“Our deployment on Base exemplifies a shared vision to surmount the barriers confronting institutions, offering them a secure and efficient portal to engage with on-chain debt products. Make no mistake, this represents a paradigm shift in the integration of blockchain technology into institutional finance.”

Base launched in early August and has seen considerable growth since, with revenue recently surpassing $10 million. The L2’s monthly active user count has also been impressive, with over 1 million on average.

Obligate raised $8.5 million in its seed funding round, with backers including Earlybird, Blockchange Ventures, SIX Fintech Ventures and Circle Ventures.

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