Daily Crypto & 100X Gems

🔷Indian Crypto Regulation Is Planned for February 🔶The Indian government is reportedly planning to introduce cryptocurrency regulation by the time of the next general Budget, which is in February next year. Instead of banning cryptocurrencies, like bitcoin, the government is likely to regulate crypto assets as commodities, according to reports. ⭐Follow us: @dailycryptotg

🔷Elon Musk Reveals Real Reason He Supports Dogecoin, Says Many People at Tesla and Spacex Own DOGE 🔶Elon Musk has revealed the real reason he supports the meme cryptocurrency dogecoin. He shared that a lot of people he talks to at his companies, Tesla and Spacex, own dogecoin, noting that “it felt like the people’s crypto.” ⭐ Follow us: @dailycryptotg

🔷Reddit Seeks Senior Engineer for Platform That Features 'NFT-Backed Digital Goods' 🔶On Friday, American social news aggregation and discussion website, Reddit published a job listing seeking a senior backend engineer for a non-fungible token (NFT) platform. As part of Reddit’s development team, the new hire would help “design, build and ship backend services for millions of users to create, buy, sell and use NFT-backed digital goods.” ⭐Follow us: @dailycryptotg

🔷Binance Smart Chain Devs Propose Ethereum-Like Gas Fee Burning Mechanism 🔶Developers of the Binance Smart Chain, the Binance-backed decentralized blockchain platform, have proposed applying a mechanism to burn BNB tokens based on the utilization of the network. According to the proposal, this would benefit both validators and holders due to the increase in value that the token would experience thanks to token burns. The proposal, called Binance Evolution Protocol 95 (or BEP-95), bears a striking resemblance to EIP-1559, an already implemented Ethereum proposal that also burns fees. ⭐Follow us: @dailycryptotg

🔷FTX Raises $420 Million in Series B-1 — Crypto Exchange Commands $25 Billion Valuation 🔶The digital currency exchange FTX Trading Limited announced the firm has raised more than $420 million in a Series B-1 fundraise. The capital raise follows the crypto exchange’s financing round at the end of July when FTX raised $900 million. After the raise was announced on October 21, FTX said the firm’s estimated valuation is around $25 billion today. ⭐Follow us : @dailycryptotg

🔷Sources Say Valkyrie Bitcoin Strategy ETF Set to Launch on Nasdaq This Week 🔶After the Proshares Bitcoin Strategy exchange-traded fund (ETF) listed and smashed records in the first two days of trading, Vaneck’s bitcoin futures ETF was given the green light to start trading next week. Furthermore, sources say that the Valkyrie Bitcoin Strategy ETF is set to launch this week with a possible listing on Friday. ⭐Follow us : @dailycryptotg

🔷Facebook's Novi Launches Pilot Program in Guatemala and US Using Pax Dollar 🔶Novi, Facebook’s digital wallet, will launch a pilot program to test the functionality of the service in two countries: Guatemala and the U.S. The test will allow Novi to test all of its main functions and to evaluate what things need to be improved before launch. Novi will use pax dollars as the main currency during the test, but David Marcus, head Of Facebook Financial, stated they still plan to launch with Diem once it gets greenlighted by regulators. ⭐Follow us : @dailycryptotg

🔷Wormhole Adds Binance Smart Chain Support to Network Bridge 🔶During the first week of September, the Wormhole Network’s ethereum ↔ solana bridge was introduced to the Solana community and the following week, developers released a bi-directional connection for blockchain non-fungible token (NFT) collectibles. On Monday, the Wormhole dev team revealed it has added Binance Smart Chain support to the token and NFT bridge platform. ⭐Follow us: @dailycryptotg

🔷Travelers Will Be Able to Purchase Airline Tickets With Crypto in Venezuela 🔶Travelers will be able to purchase airline tickets in Venezuela using cryptocurrencies in the near future. According to statements made by Freddy Borges, Director of the Maiquetía International Airport, the institution would be working to include cryptocurrencies such as dash, bitcoin, and the national petro as supported currencies in the airport’s payment system. ⭐Follow us: @dailycryptotg

🔷Kardashian, Mayweather Jr., Lohan Slammed - Star From 'The O.C.' Says Celebrities Shilling Crypto Is a 'Moral Disaster' 🔶Former teen soap star from the popular television series “The O.C.,” Ben McKenzie, has called out his fellow celebrities for shilling specific cryptocurrency projects. McKenzie calls the trend a “moral disaster” and he’s named a bunch of celebrities that have shilled a few crypto projects to their loyal fans. ⭐Follow us : @dailycryptotg