News about investments
Indian crypto exchangeCoinSwitch KuberThe company is currently in talks with unspecified investors to raise new financing rounds at up to USD 2bn valuation. A deal worth more than USD 100m may also be completed this month, TechCrunch reports.reportedAccording to the source, “several sources are familiar with this matter”. This four-year-old startup countsTiger Global?Sequoia Capital IndiaAndRibbit CapitalIt added that the company’s existing investors were valued at over USD 500m in its Series A financing round in April of this year.
German asset managerUnion Investmentreveals plans to includeBitcoin (BTC).Bloomberg reported on a handful of its investment funds (via Yahoo!. They are looking at adding BTC to several investment funds that are available to private investors. Each fund will have a maximum exposure of 2 percent of the total assets. However, there is no fixed timeframe.
Blockchain venture capital firmHashedThe second fund will be worth approximately KRW 200bn (USD 173m). It is designed to assist blockchain companies in their development, by helping them with public relations and financial advice.according toBloomberg. The VC’s investments range from USD 1m to USD 10m per company.
Crypto exchangeCrossTowerA local unit was established in India, and a trading platform was launched.according toAccording to Reuters. CrossTower India already has 35 employees and plans to hire 100 more in the next six to nine months.
Crypto platformBitsoIt’s a core provider of services for Chivo, the Bitcoin wallet created byEl SalvadorBloomberg,’s governmentreportedThe statement added that Bitso will be working with the federally-regulated US governmentSilvergate BankTo facilitate transactions in US Dollars
According to The Economic Times, the Indian government plans to define cryptoassets within a draft bill. This also proposes to separate virtual currencies based on their use cases. According to their sources, cryptoassets will be considered an asset/commodity and subject to taxation.
News about NFTs
Luxury brandDolce & GabbanaHasThe launch of their first non-fungible tokenNFT) collection called Collezione Genesi. NFT Marketplace will host the auction for the 9-piece set starting September 20thUNXDParticipants will need to whitelist before they can participate. There are different closing dates for each category, from September 28-30th.
Bitcoin mining difficulty is the measure of how difficult it is to win mining rewards. It is expected to rise by approximately 4% tonight (UTC) perBTC.comData. After a 13% increase at August’s end, it would be 18.38 T.
Blockchain platform for mining and metalsMineHubHasTheir shares can now be traded on Canada’s stock exchangeTSX Venture ExchangeUnder the symbol “MHUB”. This makes MineHub, according to the team, the first publicly traded pure play on an end-to–end digital supply chain solution in the mining and metals industries.
News about Blockchain and DLT
Market research firm conducts a studyDo Your Research claimsThe global blockchain internet of things (IoTBy 2026, the ) market will reach USD 5.8bn. To secure personal data collected by IoT devices using blockchain technology, Asia-Pacific is the region with the highest compound annual growth rate (CAGR).
Blockchain projectsWanchain(WAN()Avalanche(AVAXThey have announced the integration of Wanchain’s crosschain infrastructure that is not custodial with Avalanche’s C-chain. They also stated that they are collaborating to develop decentralized applications in decentralized finance.DeFi(Space.
Distributed ledger technology is not for profitIOTAFoundationHasThey have been selected for participation in the precommercial procurement process of the European Blockchain Services Infrastructure, (EBSI), which is a network containing blockchain nodes throughout the European Union. EBSI has several planned and current uses. These include the digital management and authentication of educational credentials and the creation of digital audit trails for notarization, SME funding, data sharing between authorities and a European digital identity.
Crypto platformCrypto.comHasThey have named Patrick Yoon their General Manager for South Korea. Yoon was previously employed at payments giant.VisaHe was the Country Manager for Visa Korea and Mongolia and collaborated with key players in the Korean financial sector, including regulators and financial institutions.
However, the El Salvadoran public is not without caution.
The Chief Strategy Officer and BTC proponent at theHuman Rights Foundation Alex GladsteinRemarksDuring his visit to the country, he discovered that “virtually nobody” knew what bitcoin was. He also stated that the government was being opaque in its roll-out plans and had provided very little education.
The picture in domestic media is worse, with many of them opposing all things BTC or Bukele-related.
Critics stated that a new electricity law currently being prepared will “benefit bitcoin mining but increase electricity rates” for ordinary folk, reported ElSalvador.com.
A number of media pundits as well as members of international community are worried that Bukele is changing the constitution to make him stay in power longer.
Last week, Constitutional judges ruled that presidents can serve two terms. This would allow Bukele the opportunity to run for reelection in 2024. It also eliminates a rule that requires former presidents to wait ten years before they can stand as presidential candidates.
ElSlavador.comNot notedFormer members of the Constitutional Chamber of theSupreme Court of JusticeBukele could be rubber-stamping Bukele’s request to extend his presidency of the country.
Rene Hernandez Valiente was a former magistrate from the Constitutional Chamber who explained that the court could only interpret the Constitution, but cannot make any changes to it.
Reuters reported that the United States embassy in El Salvador had “slammed the judges’ ruling as unconstitutional and a blow to bilateral ties.”