Crypto exchange FTX is now worth $18 billion after closing $900 million in a Series B funding round. Over 60 investors participated in the funding round, including Sequoia Capital, Coinbase Ventures, and the Paul Tudor Jones family. It is the first large funding round for FTX, a two-year-old company. ADVERTISEMENT FTX says that the …
Monthly archives: July 2021
NatWest cuts payment channels to Binance, citing regulatory uncertainty
NatWest, a major United Kingdom-based retail and commercial bank, has blocked all credit and debit card payments to crypto exchange Binance until further notice, the bank confirmed to Cointelegraph on Thursday. “All credit and debit card transactions to Binance have been blocked. We have been limiting payments to Binance for a number of weeks,” a …
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How much do you know about gift cards? Take our quiz to find out
How much do you know about gift cards? Take our quiz to find out 10 questions Gift cards are an exceedingly popular type of present — especially considering as online shopping continues to overtake brick-and-mortar retailers. They also proved especially popular during the coronavirus pandemic as cash use experienced a massive decline. But how much …
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Alabama regulators accuse BlockFi of offering unregistered securities
The state of Alabama has become the second state in the United States to raise concerns over BlockFi, a major cryptocurrency lending platform. The Alabama Securities Commission (ASC) has issued a show-cause order to New Jersey-based company BlockFi, ASC director Joseph Borg officially announced on Wednesday. Already facing a cease and desist order from the New …
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Ethereum Attempts to Reclaim $2k on News of Elon Musk Owning ETH
Elon Musk has revealed that he personally owns Ethereum, Bitcoin and Dogecoin Mr. Musk made the revelation during ‘The ₿ Word’ virtual conference Elon Musk also revealed that both Tesla and Space X own Bitcoin Ethereum is currently attempting to reclaim the $2k price area as support The founder of Space X and CEO of …
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USDT Will Keep Leading the Pack in Transparency – Tether CTO
Tether CTO, Paolo Ardoino, has emphasized that Tether will keep leading the pack in transparency Mr. Ardoino also pointed out that Tether is working on a full audit with regulators His comments on Tether come after the team at Paxos, stated that USDT and USDC are not regulated digital assets since they are backed by …
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Decoupling ahead? Bitcoin and Ethereum may finally snap their 36-month correlation
Anish Saxena, a New Delhi-based automobile dealer, made “incredible” profits by investing in cryptocurrencies in 2020, just as his business took a hit from the coronavirus pandemic-induced lockdown. “I had known about Bitcoin and Ethereum and dozens of other assets for years,” the 33-year old businessman said. “But I only got to invest in them …
New DeFi futures to enable hedging against Bitcoin mining difficulty
Decentralized derivatives exchange SynFutures announced a new product called Bitcoin (BTC) Hash Rate Futures that uses the biggest cryptocurrency’s ever-changing mining difficulty as a basis to open long or short positions. Touted as fully decentralized hash rate futures, SynFutures’ new offering would let users trade on Bitcoin mining difficulty with Wrapped BTC (wBTC). The hash …
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Celer launches cBridge mainnet, promising multi-chain compatibility
Layer-two scaling platform Celer Network has officially launched the mainnet version of cBridge, a multi-chain network that gives users the ability to more easily swap assets across multiple blockchains. With cBridge, users can instantly transfer tokens across Ethereum, Polygon, Binance Smart Chain and Arbitrum networks without experiencing any liquidity bottlenecks, Celer announced Thursday. The company …
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Fund management firm Global X files with the SEC for a Bitcoin ETF
New York-headquartered fund manager Global X Digital Assets has filed an application for a Bitcoin (BTC) exchange-traded fund (ETF) with the United States Securities and Exchange Commission. Filed on Wednesday, the application indicates that the proposed Global X Bitcoin Trust — a Delaware statutory trust formed in mid-July of this year — would, if approved, …
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Bitcoin (BTC) Price Prediction: BTC/USD Recovers above $29,400 as Bitcoin Rebounds
Bitcoin Regains Bullish Momentum, Reaches $32,850 High as Bitcoin Rebounds – July 22, 2021 Bitcoin has recovered after crashing to the low of $29,400 support as Bitcoin rebounds. BTC’s price consolidated above the $29,400 support for two days before the eventual rebound. The bears have earlier intended to sink Bitcoin to $28,000 low and later …
Tesla Will Most Likely Resume Accepting Bitcoin (BTC) – Elon Musk
Elon Musk has stated that Tesla will most likely resume accepting Bitcoin for car payments He pointed out that Bitcoin mining had shifted more towards renewables as China clamped down on coal-powered BTC mining within its borders Mr. Musk made the comments during ‘The ₿ Word’ virtual conference that was attended by Cathie Wood, Jack …
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Chainlink (LINK) price feeds are now live on Avalanche
Chainlink ‘Price Feeds’ are now live on the Avalanche (AVAX) mainnet, bringing price reference data to protocol developers across a variety of asset classes, as per a release shared with CryptoSlate today. Chainlink price feeds arrive on Avalanche Chainlink’s Price Feeds empower smart contract developers to build advanced DeFi applications on the burgeoning Avalanche, such …
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Future of Digital Euro ‘Not Clear Yet,’ Former Eurogroup Official Says
Europe’s digital currency project has made some progress recently, with the Eurozone’s central bank moving to its next stage. Critics point, however, to the continuing lack of clarity around the design and purpose of the digital euro after a decade-long delay, if cryptocurrency is taken as a benchmark. Digital Euro to ‘Feel Like a Prepaid …
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Tom Brady’s NFT Platform Inks Deal With Draftkings and Lionsgate
On Wednesday, the non-fungible token (NFT) platform called Autograph, co-founded by the Super Bowl champion, Tom Brady, announced a strategic partnership with the companies Draftkings and Lionsgate. Draftkings Inc. also revealed on Wednesday that the publicly listed company is launching an NFT marketplace dedicated to NFT digital collectibles. Tom Brady’s Autograph Brings Star-Studded Lineup, Signs …
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