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Assistant Governor of Bank Indonesia: “Central Bank Digital Currency (CBDC) Would Be One of The Tools To Fight Crypto”

Zabi
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Assistant Governor of Bank Indonesia: “Central Bank Digital Currency (CBDC) Would Be One of The Tools To Fight Crypto”

Indonesia is considering developing a central bank digital currency (CBDC) as one way to counter the use of cryptocurrency in the country.



Assistant governor of Bank Indonesia Juda Agung told Bloomberg:

“A CBDC would be one of the tools to fight crypto, We assume that people would find CBDC more credible than crypto. CBDC would be part of an effort to address the use of crypto in financial transactions.”

The central bank’s attention to crypto assets could add to the difficulty of millions of Indonesians who invest in them. The Indonesia National Ulema Council has already declared cryptocurrency as haram or banned. The council carries the authority on Shariah compliance in Indonesia.

According to the Indonesian trade ministry, “the government is pushing forward with plans to set up a dedicated crypto exchange as soon as this year. As many as 7.4 million Indonesians invested in crypto assets as of July, doubling from last year, while transaction value surged to 478.5 trillion rupiah ($33 billion).”

Upcoming Crypto Events To Keep An Eye On In December

Mark Brennan
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Upcoming Crypto Events To Keep An Eye On In December

December important events to keep an eye on:


 

December 1 – the launch of the IDEX v3 decentralized exchange based on Polygon.

December 1 – the first halving in the history of the Qtum project.

December 1 (or earlier) – Implementation of cross-sharding transactions in the Harmony project.

December 6 – SIP-012 update on Stacks network.

December 12 – CrashPunks NFT release from the Stacks project.

December 15 – AQUA airdrop snapshot for Stellar (XLM) holders.

December 20 (or earlier) – Launch of Trustless Ethereum Bridge by the Harmony project.

December 25 (or earlier) – Terra integration with THORChain.

December 31 (or earlier) – Launch of the NFT-oriented Efinity blockchain by the Enjin project.

December 31 (or earlier) – Sandbox Game Maker 1.0 release.

December 31 (or earlier) – Foundation DAO will be launched by the Sandbox project.

Kelly ETFs Filed An Application With SEC To Launch Ethereum Futures ETF

Mark Brennan
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Kelly ETFs Filed An Application With SEC To Launch Ethereum Futures ETF

The American company Kelly ETFs, which provides trading services for exchange-traded funds, has filed an application with the US Securities and Exchange Commission (SEC) to launch an Ethereum futures ETF.


 

According to the filing, the Kelly Ethereum Ether Strategy ETF if approved will be available for trading on the Chicago Mercantile Exchange (CME). The fund will not facilitate direct exposure to Ethereum price, the structure of the new Ethereum ETF is similar to the structures of the already approved funds for Bitcoin futures.

This is the only ETH futures ETF application currently pending with the US Securities and Exchange Commission. The regulator has 75 days to review it. However, the SEC may well postpone or even reject the application.

 

According to Bloomberg analysts Eric Balchunas and James Seyffart, the probability of approval of the Kelly ETFs application is no more than 20%.

 

 

 

 

After Facebook Changed To Meta, More Than 100 Tokens Named Meta Were Created With False Descriptions, Teams And Partners

Mark Brennan
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After Facebook Changed To Meta, More Than 100 Tokens Named Meta Were Created With False Descriptions, Teams And Partners

Another scam that is trending now is the use of the name “Meta” after Facebook gave herself the new name of Meta. After research, we found more than a hundred projects are using the name Meta.


 

Metaverse is a actually virtual world, the concept of the metaverse is used in crypto by renowned names like Axie Infinity and Decentraland. These digital environments incorporate many features of the real world, such as interaction with other people, buying and selling properties, etc.

The big problem is that many scam artists are taking advantage of this trend to deceive people, as every scammer wants to steal others’ bitcoins. Because of this, it is important to be aware of misleading Meta cryptos.

You must remember that each Metaverse — digital universe — has its own currency and normally does not use the world of Meta at all. For Decentraland, the native currency is MANA, For Sandbox, the native currency is SAND, for Illuvium it’s ILV, and so on.

Scammers are trying to take advantage of the META name to attract users, make them invest in their fake projects, and steal their hard-earned money just like what happened in Squid Game coin (SQUID) when a coin was created on the popular Netflix drama “Squid Game” and the coin creators were able to loot millions of dollars deceiving people pretending to be “Squid Game” coin.

 

More than 100 tokens found on CoinMarketCap containing the Meta name, are created after October 28 — the date Facebook changed its name to Meta — are all scams.

meta 1

In addition, almost all of them use the same altcoin trap of using a huge supply to make their price look cheap, attracting amateurs who think these coins can go to $1 or close making them billionaires.

meta 2

 

The description of these projects always tries to explain in vain the reason for their existence using words like metaverse, NFT, play-to-earn, and others.

meta 3

meta 6

Facebook Meta Cryptocurrency

Using Facebook’s Meta currency name is an obvious scam as  Facebook does not have any crypto coin. Through BSC explorers, it is possible to find plenty of projects with Meta Facebook names.

meta 4

In addition, some scammers also go further and pretend to have partnerships with large companies. Some of them put the Binance name as their partner. This is really eluding because such tokens have no partnership of any kind with Binance, rather they are only built on Binance smart chain which does not imply any specific partnership as anyone can make their tokens on BSC.

meta 5

Finally, avoid investing in these types of projects. If you find an interesting project, do very detailed research first and don’t trust anyone because the only goal of these scammers is to steal your money.

Why Shiba Inu (SHIB) Price is Soaring Right Now? Is It Robinhood or Kraken, or Anything Else?

Albert Brown
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Why Shiba Inu (SHIB) Price is Soaring Right Now? Is It Robinhood or Kraken, or Anything Else?

Shiba Inu is showing some bullish reaction right now. So, what’s the news behind this?

Duncan Gray just posted a tweet:

 

It’s official: Kraken just uploaded a blog post that states:

“Shiba Inu (SHIB) Deposits Are Live! Trading Starts November 30”

Just after the news, Shiba Inu price shows an eye popping reaction and went up 11.67% to $0.00004155, with a 24-hour trading volume of $2,152,046,358.05 USD, up 24.09% from the previous session. The current CoinMarketCap ranking is #12, with a live market cap of $22,772,966,323 USD. It has a circulating supply of 549,044,702,896,615 SHIB coins and the max. supply is 589,736,684,631,895.

Kraken blogpost states that:

“We’re thrilled to announce that Kraken now supports Shiba Inu (SHIB).

Funding and Trading:

Funding is live, and we anticipate trading will begin tomorrow, November 30 — at which point Kraken will enable order entry and execution. Keep an eye on the status page for updates.

Deposits require 20 confirmations (~5 minutes). You can add SHIB to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. The minimum deposit is 373,000 SHIB.

SHIB will be tradeable against USD and EUR, with a trading minimum of 50,000 SHIB, a price precision of 8 decimal places and a quantity precision of 5 decimal places.”

Which services will be available for SHIB?

Kraken and Kraken Terminal will be available for SHIB. Kraken Futures and Margin Trading won’t be available at launch.

War of Words between Elon Musk and Binance CEO Might Come to an End as Binance Fully Reopens DOGE Withdrawals

Mark Brennan
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War of Words between Elon Musk and Binance CEO Might Come to an End as Binance Fully Reopens DOGE Withdrawals

Binance, the world’s largest crypto exchange by trading volume, had temporarily suspended withdrawals of DOGE following an upgrade on November 11, 2021.

“We discovered a minor issue with DOGE network withdrawals on Binance after carrying out a version update on 2021-11-10,” Binance said in a post on November 11, 2021 without specifying what the “minor issue” was. “As a result, we have temporarily suspended DOGE network withdrawals until this issue is resolved. Binance is actively working with the DOGE project team to resolve the issue.”

Now, according to the tweet from Watcher.Guru, this is confirmed that, “Binance fully reopens DOGE withdrawals.”

Binance has fully opened withdrawals of Dogecoin after a technical glitch that provoked a heated back-and-forth between Elon Musk and the exchange’s chief executive officer (CEO).

Traders were unable to withdraw Dogecoin for more than two weeks because of problems related to a network upgrade, according to a statement on Monday (Nov 29). Binance, the world’s biggest crypto exchange, said the glitch was “an unlikely and unfortunate coincidence” and “not quite the shady circumstances that some had suggested”.

That appeared to be a reference to Musk’s allegation on Twitter last week that the issue “sounds shady”.

In response, Binance CEO Changpeng “CZ” Zhao posted a link to a story about Musk’s Tesla Inc recalling nearly 12,000 cars as the result of a software glitch.

“No single entity was at fault. Neither Binance nor the DOGE network had prior knowledge of this rare issue. So rest assured as CZ said — no one’s getting fired,” the Binance post said, linking back to an update from Zhao last week where he made that vow.

AMC Theatres to Offer 86,000 ‘Spider-Man’ NFTs Designed By Award-Winning Studio Cub Studios, to ‘No Way Home’ Advance Ticketholders

Albert Brown
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AMC Theatres to Offer 86,000 ‘Spider-Man’ NFTs Designed By Award-Winning Studio Cub Studios, to ‘No Way Home’ Advance Ticketholders

Sony Pictures and AMC Theatres are collaborating to present an exclusive Spider-Man NFT to AMC Theatres Stubs Premiere & A List and AMC Investor Connect members in anticipation of Spider-Man: No Way Home.

The NFT, which will be released by means of the WAX blockchain, will be given to members who purchase or reserve an opening day advance ticket. The artwork was designed by BAFTA and Lovie award-winning studio Cub Studios and will be limited to 86,000 NFTs only.

Redeem a code through a special website and you’ll get one of 100 designs available through the more eco-friendly Wax blockchain.

You’ll need to order your tickets through the AMC Theatres website or mobile app when pre-orders launch on November 29th. If you qualify, you’ll get your code on December 22nd and will have until March 1st, 2022 to claim the NFT.

The firm said that the NFT promotion is being held jointly by Sony Pictures and AMC Entertainment and marks the first time that this has ever been done by a major ‘theatrical exhibitor’. Those who successfully get one of the limited NFTs will be sent instructions via email on December 22 on how to redeem it. It said the NFTs must be redeemed by March 1, 2022, at 11:59:59 p.m. ET.

Commenting on the offer, Adam Aron, Chairman of the Board and CEO of AMC, said:

“Our AMC Theatres guests and our AMC Entertainment shareholders have been calling for AMC to get into the world of NFTs, and we couldn’t imagine a more perfect way to start doing so than with our good friends at Sony Pictures. This is especially the case in that SPIDER-MAN: NO WAY HOME is one of if not the most anticipated movie of 2021, and the incredibly talented artists at Cub Studios are creating more than 100 unique NFTs giving appropriate respect to this most recent incarnation of the timeless and ever so popular Spider-Man franchise.”

Finance Minister of India, Nirmala Sitharaman Says, “No”, when Question is asked on Bitcoin Recognition Proposal

Albert Brown
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Finance Minister of India, Nirmala Sitharaman Says, “No”, when Question is asked on Bitcoin Recognition Proposal

In a reply to a question asked on Bitcoin in the Parliament on Monday, Finance Minister Nirmala Sitharaman said that central government does not collect any data on bitcoin transactions. It also said that there is no proposal to recognize bitcoin as a currency in the country.

Whether the government has any proposal to recognize Bitcoin as a currency in the country, the Finance Minister said “No, sir”.

The response was given the form of a written reply in the Lok Sabha on a question on cryptocurrency. A legislation seeking regulation of cryptocurrency will be discussed in the winter session of Parliament, which began on Monday.

This comes as the government plans to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 in the ongoing Winter Session of Parliament. The Bill seeks to ban all but a few private cryptocurrencies to promote underlying technologies while allowing an official digital currency by RBI.

The government plans to allow only certain cryptocurrencies to promote the underlying technology and its uses, according to a legislative agenda for the Winter Session.

It should be noted that Bitcoin was introduced in 2008 by an unidentified group of programmers. The digital currency is not tied to a bank or government and allows users to spend money anonymously. The coins are created by users who “mine” them by lending computing power to verify other users’ transactions. They receive Bitcoins in exchange.

SHIB Holders Still Believe SHIB Has The Potential to Hit Another Boom and All Time High (ATH) Once Christmas Season is Over

Mark Brennan
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SHIB Holders Still Believe SHIB Has The Potential to Hit Another Boom and All Time High (ATH) Once Christmas Season is Over

One of the SHIB Fan, Twitter Account from Ireland, just posted the following tweet:

In this tweet, SHIB holder or fan has shown confidence and states that:

“SHIBArmy we now have 1,010,153 holders. That’s Insane. We were always going to dip over Christmas and I expected a slight dip in holders but we are gaining them quicker than ever. I firmly believe we will hit another boom and ATH. Shib will change lives. #HODL, #1CentDream.”

This tweet is showing the holder’s confidence level that how much he or she believes in SHIB. This confidence is just because of SHIB popularity and the adoption speed. Most of the renowned corporations or merchants around the globe like Nowpayments, AMC Theatres, Newsegg, etc. are now willing to accept SHIB as their payment option.

Moreover, The SHIB Team is enthusiast and fulfilling their promises in very rapid manner, keeping their holders updated with each and every progress they are achieving.

However, SHIB price declined more than 50% from its all time high of $ 0.00008845, amid whales are booking their profits. SHIB is now consolidating in a range of $0.000036 and $0.000050. $0.000036 was the previous resistance and now believes to be act as support and may new buyer comes in to join the next bull move.

SHIB, the “DOGECOIN KILLER”, is currently trading at $0.00003923, up 2.93%, with a 24-hour trading volume of $1,678,779,866.39 USD, down -18.84% from the previous session. The current Coinmarketcap ranking is #12, with a live market cap of $21,547,946,720 USD.

According to Coinmarketcap.com data, it has a circulating supply of 549,044.63B SHIB tokens, and the max. supply is 58.

GALA Has Flipped FTM and is Now the 42nd Biggest Cryptocurrency in the World By Market Capitalization

Mark Brennan
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GALA Has Flipped FTM and is Now the 42nd Biggest Cryptocurrency in the World By Market Capitalization

According to coingecko.com data, GALA has just flipped FTM and is now the 42nd biggest cryptocurrency in the world by market capitalization.

This is confirmed by Watcher.Guru official tweet:

GALA, which aims to take the gaming industry in a different direction by giving players back control over their games, is currently trading at $0.7106, up 17.92%, with a 24-hour trading volume of $2,398,466,021.60 USD, up 29.65% from the previous session. The current Coingecko ranking is #42, with a live market cap of $5,347,228,958 USD.

According to Coingecko.com data, it has a circulating supply of 7,542,496,572 GALA coins, and the max. supply is 50,000,000,000.

Gala Games project wants to change the fact that players can spend hundreds of dollars on in-game assets, and countless hours spent playing the game, which could be taken away from them with the click of a button. It plans to reintroduce creative thinking into games by giving players control of the games and in-game assets with the help of blockchain technology.

On other hand, FTM, a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm, is currently trading at $2.08, up 3.22%, with a 24-hour trading volume of $436,816,726.92 USD, up 6.62% from the previous session. The current Coingecko ranking is #43, with a live market cap of $5,295,479,143 USD.

According to Coingecko.com data, it has a circulating supply of 2,541,152,731 Fantom coins, and the max. supply is 3,175,000,000.

Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.

The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional proof-of-stake (PoS) algorithm-based platforms.

Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”

Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.

Through token sales in 2018, Fantom raised almost $40 million to fund development.

 

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