Ontology launches stONT beta version to enhance ONT staking liquidity
DeepTechFlow News: Ontology announced the launch of the stONT test version, aimed at enhancing the liquidity of ONT staking.
Total crypto market cap rises to $1.36 trillion
According to CoinGecko data, the total market value of cryptocurrencies has risen to $1.36 trillion with a 24-hour increase of 2.4%. The total trading volume in the past 24 hours was approximately $75.5 billion, with BTC accounting for 51% of the market share and ETH accounting for 16.4%.
Crypto ETP issuer Valour completes $2.16 million in private financing round
Decentralized finance investment company DeFi Technologies announced that its wholly-owned subsidiary Valour has completed a CAD 3 million (approximately USD 2.16 million) private placement financing through an unsecured convertible note. The related financing notes issued this time will accrue interest at an annual rate of 8% and will mature on October 31, 2025.<br>Valour currently offers a variety of cryptocurrency exchange-traded products (ETPs), including Valour Polkadot (DOT) EUR, Valour Cardano (ADA) EUR, Valor Uniswap (UNI), Cardano (ADA), Polkadot (DOT), and Solana (SOL) ETPs, as well as Valour's flagship Bitcoin Zero and Valor Ethereum Zero products.
100 million CRO transferred to CryptoCom
According to Whale Alert monitoring, at 22:27 today Beijing time, 100,000,000 CRO (worth about $6,109,556) was transferred from an unknown wallet to CryptoCom.
Türkiye is preparing new legislation covering crypto assets
Turkey is preparing new legislation that covers cryptocurrency assets in order to convince international crime regulators to remove it from the "gray list" of countries that have not taken sufficient action to prevent money laundering and terrorism financing. The Financial Action Task Force (FATF) downgraded Turkey to the so-called gray list in 2021. Finance Minister Mehmet Simsek said in a speech to a parliamentary committee on Tuesday evening that an FATF report found that Turkey fully complies with the regulatory body's 40 standards, with the only remaining issue within the scope of technical compliance being related to cryptocurrency assets. We will soon submit a legal proposal on cryptocurrency assets to the parliament. Afterwards, if there are no other political considerations, Turkey will have no reason to remain on the gray list. Simsek has not yet revealed further details of the planned legal changes. The FATF warned Turkey of "serious deficiencies," including the need to improve measures for freezing assets related to terrorism and the proliferation of weapons of mass destruction in 2019.
Total financing for crypto projects in October reached $426 million, the lowest in nearly four years
According to Rootdate data, there were a total of 75 financing deals in the encryption field in October 2023, with a cumulative financing amount of approximately $426 million, which is the lowest financing amount in the past 4 years, a year-on-year decrease of 63%. In October of last year, there were a total of 135 financing deals in the encryption field, with a cumulative financing amount of approximately $1.157 billion.
US Commodities Regulator Pays $16 Million to Whistleblowers, Majority of Tips Involve Crypto
The US Commodity Futures Trading Commission (CFTC) has paid out $16m to whistleblowers this year, with the majority of tips relating to cryptocurrency. CFTC commissioner Christy Goldsmith Romero said that crypto continues to have "pervasive fraud and other illegality". Two whistleblowers received $15m for information that led to successful enforcement cases, but the regulator did not reveal the nature of those cases. Since the programme began in 2014, the CFTC has paid out almost $350m, leading to over $3bn in enforcement sanctions ordered in cases tipped off by whistleblowers.
Xinhuo Technology SINOHOPE cooperates with Alpha Blockchain Capital to launch a 100% virtual asset investment fund
According to official sources, Xinhuo Technology Holdings Limited has announced a partnership with Alpha Blockchain Capital (ABC) to launch the Alpha Blockchain SP1, a 100% virtual asset investment fund aimed at providing eligible professional investors with investment portfolios in 100% virtual assets.<br>The Alpha Blockchain SP1 fund adopts an active investment strategy and is jointly managed by Xinhuo Asset Management and China Zhongheng Financial Group Limited, with Alpha Blockchain Capital serving as the fund's advisor. <br>
SINOHOPE and Alpha Blockchain Capital Launch 100% Virtual Asset Fund
October 31, 2023, Hong Kong, Sinohope Technology Holdings Limited (stock code: 1611.HK, “SINOHOPE”) has announced a partnership with Alpha Blockchain Capital(“ABC”) to launch Alpha Blockchain SP1 Fund (the “Fund”) that will provide eligible professional investors with a unique opportunity to invest 100% in virtual assets.
Kenya to launch digital ID cards for citizens in December 2023
Kenyan government plans to launch a digital identification system in December 2023, after the testing period. The digital ID card will be introduced along with Maisha Namba, a lifelong personal identification number system assigned to Kenyan citizens during registration. <br>
