News

Cryptocurrency Price Today December 1 :  So far, this week has been a positive week for the crypto prices as most of the coins started trading in green after the FTX collapse crippled the market. Polygon witnessed a jump of 6.89% in the last 24 hours. Solana is up by 2.57%. Ethereum has risen by 1.18%. Bitcoin is up by 1.28%. Synthetix saw a rise of 3.66%. Dogecoin fell by 2.80%. Huobi Token takes a dip of 2.41%. The global crypto market cap stands at 859.86 billion USD, a 0.75 increase from the last day. The global market volume is also increased by 1.91% making it 47.18 billion USD. Polygon (MATIC) Polygon saw a boost of 6.89% from the previous day, and its crypto price today is 0.9203 USD. The market cap has increased by 6.37% and stands at 804.81 billion USD. Volume has increased by 95.90% and currently is 508.37 billion USD. Polygon Price in USD Chart Source: coinmarketcap Solana (SOL) Solana, which was trading in red yesterday, has made a comeback by an increase of 2.57%. Its token stands at 13.88 USD and the market cap is 504.92 billion USD, an increase of 2.03%. The trading volume has increased by 6.83%. Solana Price In USD Chart Source: coinmarketcap Ethereum (ETH) Ethereum has been continuing its good performance in the week by a jump of 1.18% and every token is at 1,281.32 USD. Currently, the market cap is 156.38 billion USD, an increase of 0.79% compared to the previous day. Ethereum Price In USD Chart Source: coinmarketcap Dogecoin (DOGE) Dogecoin, after seeing a good rise in the week has come down by 3.08% in the last 24 hours. Each coin is costing 0.1033 USD. Market cap has gone down by 3.08%, thus, standing at 137.53 billion USD. Dogecoin Price In USD Chart Source: coinmarketcap Conclusion The crypto prices have gone up this week after long weeks of sluggishness. As we move forward toward the end of the year, it will be interesting to see how the crypto market unfolds. The post Cryptocurrency Price Today December 1: Polygon, Solana, Ethereum Trades In Green, Dogecoin plunges by 3.08% appeared first on CoinGape.
Read full article on COINGAPE

Read full article on COINGAPE

<p>NOTO, a <a href="https://www.financemagnates.com/fintech/the-regtech-industry-is-booming-but-why/" target="_blank" rel="follow">regtech</a> company based in Sofia, has promoted Hristian Drensky as the Vice President of Strategy and Partnerships. He joined the company in July 2019 and was previously the Head of Strategy and Partnerships.</p><p>According to his Linkedin, Drensky already assumed the new roles at the company earlier this month. “I’m happy to share that I’m starting a new position as Vice President Strategy and Partnerships at NOTO - Outsmart Risk!” he wrote in a Linkedin post.</p><p>Founded in 2015, NOTO provides an enterprise-grade solution to address all financial crime threats. It offers solutions and services around <a href="https://www.financemagnates.com/terms/a/anti-money-laundering-aml/" target="_blank" id="4df0a4d4-58b9-4b86-ad6b-67a720641803_1" class="terms__main-term">anti-money laundering (AML</a>) and fraud detention for companies in several industries, including banking, cryptocurrency, fintech, gaming, and payment processing.</p><p>The company was co-founded by four executives from the <a href="https://www.financemagnates.com/fintech/education-centre/what-is-fintech-and-how-does-it-work/" target="_blank" rel="follow">fintech</a> and <a href="https://www.financemagnates.com/fintech/payments/instant-payments-the-ultimate-guide/" target="_blank" rel="follow">payments</a> space, Apostol Terziev, who oversees the technology; Ivan Stefanov, responsible for strategy; Svetlin Dobrev, who is handling the product; and Mariana Gospodinova. It onboarded its first customer in 2017 and then enhanced its offerings by adding <a href="https://www.financemagnates.com/terms/m/machine-learning/" target="_blank" id="54c21f0f-1c36-4acc-80dc-6a151f07773e_1" class="terms__secondary-term">machine-learning</a> capabilities in 2021.</p><p>Bringing Strong Industry Experience</p><p>Drensky has about a decade of a diversified experience in the financial industry. He also headed the Strategy and partnership team at QaiWare, another Sofia-based company in IT services and consulting. He also spent five years of his career at Payreto, first as a Senior Business Development Manager and then as a Payment Consultant.</p><p>He started his career at a sales and distribution company and then joined the Sofia offices of IBM in roles around sales and distribution (finance), spending a year and six months there.</p><p>He also worked at iCard as a Sales Manager for about a couple of years and at phyre, a financial services company, for over a year with its Sales and Business Development team. He further spent a year and three months at payments firm, Paynetics in a role around Sales and Business Development.</p> This article was written by Arnab Shome at www.financemagnates.com.
Read full article on FINANCEMAGNETS

Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province, which relies heavily on hydroelectric generation and attracts miners with low electricity rates, fears it may face overwhelming energy demand. Manitoba Suspends New Crypto Mining Operations Citing Possible Increase in Electricity Usage The government of Manitoba is halting new connections of crypto mining centers to the province’s hydroelectric grid, the Canadian press reported. Officials explain the move with the potential for increasing energy demand that the region may not be able to meet. The suspension, imposed for a period of 18 months, will not affect the 37 currently active mining operations, according to an article by the Toronto Star. The measure is aimed at halting a growing number of requests to power new facilities with combined capacity amounting to a sizable portion of the province’s electricity supply. Providing the reasoning for the decision, Manitoba Minister of Finance Cameron Friesen, the government official responsible for the state-owned company Manitoba Hydro, commented on Monday: We can’t simply say, ‘Well anyone can take whatever [energy] they want to take and we’ll simply build dams. The last one cost $13 billion if you priced in the [transmission] line. With the second-lowest electricity rates in Canada, only Quebec offers cheaper power, Manitoba is a magnet for users that need large amounts of electricity such as those involved in the energy-intensive extraction of cryptocurrencies. Friesen revealed that 17 new operators have filed requests with the authorities in the province for a total of 370 megawatts of electricity. That exceeds half of the power produced by the Keeyask hydroelectric generating station which became operational in 2022. The region’s finance minister also highlighted the concern of the Progressive Conservative government that blockchain businesses may not create many jobs. “You can be utilizing hundreds of megawatts and have a handful of workers,” he elaborated. “Manitoba Hydro cannot make discretionary decisions about who to hook up,” Friesen emphasized. A government review is expected to analyze the economic impact of cryptocurrencies and the need for a regulatory framework to approve new large connections to the grid. Earlier this month, the Hydro-Québec public utility asked the electricity distribution regulator in its province to suspend energy allocation for the blockchain sector. Manitoba’s restrictions also follow the enforcement of a partial moratorium on proof-of-work mining in the U.S. state of New York. Do you think other Canadian provinces and U.S. states will adopt restrictive measures for crypto mining? Share your expectations in the comments section below.
Read full article on BITCOIN.COM

Crypto News Today Live Updates December and Latest News: (1 December 2022) Former CEO of collapsed crypto exchange FTX, Sam Bankman-Fried (SBF) made his first public appearance since the firm filed for bankruptcy. In the interview, he said that he had a month. While he wasn’t able to do a good job of upholding his responsibilities towards regulators. Crypto News Today Live Updates The post Crypto News Live Update Dec 1: SBF Says He Was Shocked By What Happened This Month appeared first on CoinGape.
Read full article on COINGAPE

Read full article on INVESTING.COM

Despite taking issue with tokens created by centralized exchanges, BlackRock’s CEO sees securities tokenization as the next evolution of the financial market.
Read full article on COINTELEGRAPH

Billions of dollars have been poured into Meta’s virtual world with little return on investment, but CEO Mark Zuckerberg says he is holding fast.
Read full article on COINTELEGRAPH

The former FTX CEO has offered multiple apologies and admitted failings at least a dozen times during the one-hour interview.
Read full article on COINTELEGRAPH

Read full article on INVESTING.COM