As part of government efforts to get the digital yuan going, authorities in Shanghai will distribute $3 million worth of the central bank-issued currency among residents of Shanghai. The digital money will be dispersed through a lottery, a method that has already been implemented elsewhere in China. Lottery Winners to Get 350,000 Digital Red Envelopes …
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Chipper Cash, an African fintech firm that specializes in facilitating cross-border payments, recently closed a $100 million Series C funding round. Taking the lead in what is now Chipper Cash‘s third fundraising round in the past twelve months is the venture capital (VC) firm, SVB Capital. The VC firm is an investment arm of U.S. …
An advertising campaign across some of Ukraine’s most populous cities is now aiming to attract new traders to the world’s largest digital asset exchange, Binance. The Eastern European nation is known as a promising market and a leader in terms of cryptocurrency adoption. Binance Ads Appear on Trains and Trolleys in Ukraine Cryptocurrency exchange Binance …
PRESS RELEASE. The newest utility token to offer staking to its users/holders is GraphLinq Protocol’s $GLQ. As of this article, $GLQ has 4,500+ holders according to etherscan, excluding GLQ holders on CEX like Kucoin, MXC, Gate. This is a great step for the future of the project as it will further incentivize more users to …
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NFTs are useful for a wide range of everyday payment/transaction purposes — but first, there needs to be more decentralization. The rise of the nonfungible token (NFT) has been a sight to behold, with the market seemingly garnering an increased amount of mainstream traction with each passing day. To put things into perspective as to …
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El Salvador bitcoin plans would make it legal tender in the country. That’s the prospect held out by President Nayib Bukele who says he is sending legislation to the small central American country’s parliament to that effect. If approved, which is thought to be likely, it will be a world first and Salvadoreans will be …
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While the crypto space continues to fight to get out of the hole created in May, seriously good projects – and assets – have continued to attract headlines. Several have shown substantial potential despite the downturn in the market. One such project is Kusama – the scalable blockchain network developed by Polkadot. Last month, Gavin …
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The decentralized group Anonymous has published a message for Elon Musk in a video where they called the Tesla CEO “nothing more than another narcissistic rich dude who is desperate for attention.” They shed light on many things people may not know about Musk, including how he treats his employees, harms the environment, where his …
The mayor of the U.S. city of Miami, Francis Suarez, explains how he plans to make his city the capital of bitcoin. He believes that issues surrounding cryptocurrency “will work themselves out,” adding that “in the end, there is only one thing to do: buy the dip.” Miami Strives to Become the Capital of Bitcoin …
Cryptocurrency exchange Bitmex is sending bitcoin to the moon. A one-of-a-kind physical bitcoin will be minted and delivered to the moon by a leading space robotics company that Bitmex supports. The coin will hold one bitcoin at an address to be publicly released. Bitcoin Will Be on the Moon in Q4 Bitmex announced Friday that …
Moves in Range-bound Zones – June 5ETH/USD market operation currently moves in range-bound zones while it could not surge further northward past the resistance level of $3,000. The crypto economy records about -2.40% decrease to trade around the market line of $2,626. Moves in Range-bound Zones: ETH MarketKey Levels:Resistance levels: $3,000, $3,500, $4,000Support levels: $2,200, …
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Many investors rely on bullish breakouts from Bitcoin as a sign of the next altcoin season but data suggests this strategy is flawed. On April 14, Bitcoin (BTC) reached a $64,900 all-time high after accumulating 124.5% gains in 2021. However, a 27.5% correction followed over the next eleven days, marking a $47,000 local bottom. The …
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Bitcoin (BTC) Price Prediction – June 5, 2021 Since June 4, BTC/USD has been falling after the rejection at the $39,000 high as Bitcoin trades above $35,000. Buyers have been attempting to sustain the BTC price above the $39,000 resistance but were repelled. It becomes possible for Bitcoin to fall after the rejection. BTC’s price …
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At the Bitcoin 2021 conference in Miami, El Salvador’s president, Nayib Bukele, appeared via a Zoom presentation and noted that he plans to submit a bill next week that recognizes bitcoin as legal tender. Bukele revealed a partnership with the company Strike, a bitcoin payments firm launched by Jack Mallers. Progressive President Nayib Bukele Says …
On Friday, FTX Exchange announced signing a naming rights deal with U.S. professional esports organization TSM for $210 million. The cryptocurrency exchange’s multi-year partnership arrangement will allow the crypto firm to rename the company to “TSM FTX.” Esports Firm TSM Will Change the Organizations’ Name to ‘TSM FTX’ FTX Exchange has acquired another naming deal …
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