According to the new rules introduced by the Indian government regarding cryptocurrencies, companies that have invested in cryptocurrencies will have to disclose their financial statements together with their crypto assets from April 1.
Acala Network Will Work with Polkadot
DeFi platform Acala Network has announced that it is moving towards the goal of providing cross-chain interoperability in the Polkadot ecosystem at the official parachain launch. Polkadot's parachain ecosystem will use fragmented side chains to process transactions in parallel.
DragonFly Establishes Second Crypto Fund
Cryptocurrency Fund DragonFly Capital has announced that it will invest in projects in the cryptocurrency area by establishing a new $225 million fund. The fund called DragonFly Fund II will invest in areas such as DeFi, NFT, Ethereum layer 2-based businesses and CeFi.
The Use of Digital Yuan Is Increasingly Widespread
In cities where Digital Yuan's pilot tests are conducted in China, Chinese citizens apply extensively to the relevant institutions for the use of digital yuan. Six state-owned banks in Shanghai have started accepting requests from the public, thereby giving citizens access to digital wallets.
Microsoft Will Use Bitcoin for Identification Solution
One of the world’s biggest companies, Microsoft has announced that they are working on a decentralized identification application. With the ION system, there will be no need for traditional identification systems such as user name or e-mail.
Target is $80K in April Options
A P2P crypto derivatives exchange Deribit’s options traders aim Bitcoin to be over $80,000 by the end of April. Contracts with a price target of $80,000 are of 4,000 Bitcoins worth.
ETH Energy Consumption Will Be Reduced
Blockchain security provider Sigma Prime has announced the first merger between two Ethereum networks. Stating that this step will bring about a 99.98% decrease in Ethereum energy consumption, the company argued that this is very positive for ETH.
Ripple Asks the Judge to Keep Some of Its Documents Sealed
In its latest request, recently asked the Judge to seal some of its documents requested by the US Securities and Exchange Commission. According to the statements made, the documents requested to be sealed contain some details about the XRP distribution process.
We support the Turkish sports and our sportspeople via our sponsorships agreements with 1907 Fenerbahçe Wheelchair Basketball Team, Cem Bölükbaşı, Erden Eruç, and Turkish Automobile Sports Federation! In this very rewarding and helpful journey of ours, we will continue to enrich and strengthen the Turkish sports thanks to the new steps we take in reaching brand new sponsorship agreements.