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Russia doesn’t plan to follow in China’s footsteps by banning crypto outright, says deputy finance minister

While Russia continues to enforce a ban on cryptocurrency payments as part of a law that took effect in January, the country has no plans at this time to completely prohibit trading by its citizens.

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Russia doesn’t plan to follow in China’s footsteps by banning crypto outright, says deputy finance minister

While Russia continues to enforce a ban on cryptocurrency payments as part of a law that took effect in January, the country has no plans at this time to completely prohibit trading by its citizens.

According to a Tuesday report from local news agency Interfax, Alexey Moiseev, the deputy finance minister of the Russian Federation, said he believes Russian citizens will continue to be allowed to buy and use cryptocurrencies outside the country on foreign exchanges without the threat of legal action at home. Crypto payments in the country are currently banned, but Russians have been allowed to purchase and trade cryptocurrencies like (BTC).

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Cryptocurrency

Multi-chain NFT Game Duelist King Raises $1m to Advance Win-to-Earn Model

Duelist King, a cross-chain win-to-earn NFT game, has raised over $1 million after attracting investment from a number of renowned private equity firms.

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Multi-chain NFT Game Duelist King Raises $1m to Advance Win-to-Earn Model
Multi-chain NFT Game Duelist King Raises $1m to Advance Win-to-Earn Model

Duelist King, a cross-chain win-to-earn NFT game, has raised over $1 million after attracting investment from a number of renowned private equity firms.

The game, which is built on Binance Smart Chain (BSC) and and supported by Fantom, Polygon and Cronos, welcomed capital from the likes of Momentum6, BoostXLabs, Shima Capital, BX Ventures, X21 Digital, AU21, Magnus Capital, NFT Technologies, Benmo, BlockBeat and ten other investors.

‘To have received investment and support from some of the best-known VC firms in the crypto industry is a testament to the work we have done behind the scenes to pioneer a novel win-to-earn gaming model,’
said Dzung Tran (Chiro) – CEO and Founder of Duelist King.

‘Having sold out 250,000 NFTs in less than 45 minutes last month, momentum is building in the Duelist kingdom – and we’re thrilled that our investors recognize our potential.’

The funds will be used to establish Duelist King as a major player in the booming blockchain gaming space. While most releases to date have been based on a play-to-earn model, Duelist King is built around the concept of win-to-earn, wherein game economics center on rewards and earnings based on player engagement.

In the game, players earn rewards for competing in quests, battles and tournaments, and can also influence the direction of the project in terms of gameplay and design. The team behind Duelist King is composed of 15 developers and blockchain experts who have operated in the space since 2016.

A community-owned, incentive-based NFT card game, Duelist King will support cross-chain NFTs and later Duelist King tokens. The project was recently launched via an Initial DEX Offering (IDO) on OccamRazor and will conduct an Initial Farm Offering (IFO) on PancakeSwap on October 27. Card sale revenue is projected to reach $1 billion over the next three years.

The game’s developers are currently working on a Player vs Environment (PvE) version of the game, due for release in Q1 of 2022. Player vs Player (PvP) and multi-play features will then follow in Q2, whereafter Duelist King will host tournaments for its expanding community.

A sneak preview of the game was released last month and quickly generated hundreds of likes.

Continue reading on DailyCoin

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Cryptocurrency

The Graph (GRT): Price Updates, Recent Developments, Future Events, Community

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The Graph (GRT): Price Updates, Recent Developments, Future Events, Community
The Graph (GRT): Price Updates, Recent Developments, Future Events, Community
  • Decentralized, open-source infrastructure protocol, The Graph, has allocated $1.5 million for the building of its ecosystem.
  • The Graph has also announced integration with Moonriver, Kusama’s biggest project.
  • The integration of The Graph into Moonriver will enable developers to build, publish and use subgraphs on the Kusama blockchain.
  • Arweave has also integrated The Graph’s tech into its systems for quicker and more efficient access.

The Graph is a decentralized, open-source infrastructure protocol designed to collect, process, and store blockchain data. The goal of the network is to bring reliable, decentralized, public infrastructure to the mainstream market.

The protocol enables the storage of collected and analyzed blockchain data into subgraphs, which helps to increase efficiency for developers working on their decentralized applications (dApps).

Since its launch on the blockchain, The Graph has come a long way, launching its mainnet in December 2020. So, how has The Graph performed in recent times?

The Graph (GRT) Price Updates

The Graph (GRT) is currently experiencing a significant downtrend after a strong period of recovery. After rising by more than 40% in 30 days, the GRT coin is currently retracing.

The 30 day price chart for The Graph (GRT). Source: Tradingview

The bearish momentum has seen GRT lose more than 5% of its value over the last 24 hours. As a result, GRT is currently trading at $0.90279, at the time of writing, from its monthly high of $0.9896. The Graph is ranked as the 43rd largest crypto, with a market capitalization of $4.19 billion.

Recent Developments and Future Events

While the native token of The Graph is experiencing a potent downswing, the project has continued to advance its developments. Keeping up with recent trends in the crypto space, The Graph has increased its support for Web 3.0, and has even ventured into the exploding NFT space.

By combining Web 3.0 protocols, developers can now build dApps with powerful new features on The Graph. To build on this momentum, The Graph Foundation allocated over $1.5 million more to its Wave3 grant project on October 14th. Waves 1 and 2 have so far allocated over $7.5 million to different projects.

The $1.5 million of Wave3 grant will be committed into fleshing out The Graph protocol, building dApps, and growing the community. The Wave3 grant has allocated $335k to community building, $230k to dApps and subgraph projects, $99k to tooling, and $98k to projects.

As the popularity of The Graph increases, Huobi has announced GRT to Crypto Conversion. Users can now directly trade the GRT coin against USDT on Convert, or buy GRT with their RUB/UAH/KZT/BRL balance.

On October 19th, The Graph announced its integration into the Moonriver network, further expanding its reach into the ecosystem. Moonriver is a layer 1 Ethereum-compatible parachain that is connected to the Kusama network. The integration of The Graph into Moonriver will enable developers to build, publish and use subgraphs in a Kusama-based environment.

Earlier this year, the Graph protocol announced integration onto Moonbeam (GLMR). According to The Graph’s developers, increasing compatibility with the indexing protocol was “one of the most commonly requested integrations in the Moonriver community.”

The Graph has also begun supporting Arweave in October. Arweave is a leading decentralized protocol that allows users to permanently and sustainably store data with a one-time upfront fee.

By integrating The Graph’s technology, Arweave will access indexed data from open APIs powered by The Graph, called subgraphs. These subgraphs will read data stored on the Arweave protocol, allowing for quicker and more efficient access.

Community

The Graph is a community-driven protocol that is not reliant on a single organization or team. Funds for projects on the network are raised by community members, strategic VCs, and influential individuals in the blockchain community.

Staying true to its title as a community-driven project, The Graph is one of the few projects with Town Halls. Members of the community can join these town halls for meetings, discussions, and updates on the network.

The technology behind The Graph has endeared people to the project. Members of the community are great believers in what the project stands for. One user, @K484L, wrote this about the project;

@CroissantEth, or the writer of crypto threads, shared his thoughts about The Graph;

DeFi enthusiast and GRT holder, @iMBitcoinB, remains bullish about the rest of the year. He tweeted;

@clintonbembryjr saw the potential of The Graph before most when he wrote;

On The Flipside

  • The Graph (GRT) has not lived up to the expectations of its community so far.
  • At the time of writing, the coin is down 68.75% from the ATH of $2.88 it recorded in February

Why You Should Care?

The Graph is an emerging project that has shown promising prospects. The Graph is especially useful for developers who, like Clinton Bembry, have praised its outstanding technology. As the demand for query services increases, the Graph looks on course to proffer decentralized solutions to developers.

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Cryptocurrency

New Bitcoin ETFs filed: One for bears, the other with ‘leverage for ants’

Exchange-traded fund issuer Direxion has filed for a product that would enable speculators to buy contracts that short the price of Bitcoin.

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New Bitcoin ETFs filed: One for bears, the other with ‘leverage for ants’
© Reuters

Exchange-traded fund issuer Direxion has filed for a product that would enable speculators to buy contracts that short the price of .

In a filing made to the U.S. Securities and Exchange Commission on Oct. 26, the company unveiled the Direxion Bitcoin Strategy Bear ETF. Like other futures products, it will not invest directly in BTC, but will instead maintain managed short exposure position contracts issued by the Chicago Mercantile Exchange (CME).

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Continue Reading

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