The Central American Bank for Economic Integration (CABEI) has identified remittance as an important aspect of El Salvador’s Bitcoin (BTC) adoption policy. According to Reuters on Tuesday, the regional development bank expects other Central American nations to pay close attention to Bitcoin’s impact on remittance costs in El Salvador. Speaking to Reuters, Dante Mossi, CABEI’s …
Continue reading “El Salvador’s Bitcoin adoption may transform remittance in Central America”
Public Mint’s operation to attract liquidity from the Ethereum blockchain to its platform is roaring ahead. The program has attracted at least 7 million MINT tokens in the first 24 hours of operation, and is likely to continue its forward progress. The Public Mint platform will be live soon, and as a part of the …
Coinbase came under fire from mainstream media this week as complaints around its customer service filled up grievance forums, a report from CNBC shows. One such user lost over $168,000—stating that the exchange’s customer service was of no help either. Complaints of poor customer service frequently make the rounds on social circles (mainly Reddit and …
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4-time F1 champ Red Bull Racing signs on Tezos as ‘blockchain partner’ Red Bull Racing (RBR) has signed on Tezos, the world’s 42-largest blockchain by market cap, as its Official Blockchain Partner, as per a release this morning. Teaming up with the world’s most advanced blockchain 👊 Announcing a new multi-year technical partnership with @Tezos …
Continue reading “XTZ pumps 13% as new NFT platform launches on Tezos”
Terra’s native token LUNA rallied over 31% during the past seven days as the crypto’s price broke another record high crossing $34,3 earlier today. With a current market cap of roughly $13,4 billion, LUNA witnessed a significant recovery since the May crash, when it was trading just above $4.1. The Terra ecosystem Terra is a …
Continue reading “Terra (LUNA) sets new ATH as network activity increases”
The cryptocurrency market has taken a step backwards after its recent gains. Its total value has declined by 3% in the past 24 hours, dropping from $2.2 trillion to $2.13 trillion. Bitcoin has been the leader of this drop, with its fall of 2% causing other major coins to decline by similar or larger percentages. …
Continue reading “5 Best New Cryptocurrency To Buy Now August 2021 Week 4”
Widely followed crypto strategist and trader Michaël van de Poppe says he believes Bitcoin and the crypto markets are likely due for a “healthy” correction. In a new strategy session, Van de Poppe tells his 116,000 YouTube subscribers that Bitcoin (BTC) must stay above a key level if it wants to keep grinding higher. ADVERTISEMENT …
Singapore-based crypto exchange KuCoin is launching a mining pool aimed at providing revenue to proof-of-work miners after integrating their rigs. In a Wednesday announcement, the exchange said its KuCoin Pool product would allow miners around the world to contribute to the Bitcoin (BTC) and Bitcoin Cash (BCH) and share rewards. At the moment, miners are …
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The Securities and Exchange Commission (SEC) of Thailand continues introducing new regulations for the cryptocurrency industry, citing investor protection concerns. On Wednesday, the Thai SEC proposed a set of additional regulations related to custody of investors’ cryptocurrency holdings held by digital asset business operators. The newly proposed rules refer to custody of fiat money for digital …
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Pakistani blockchain-powered business-to-business (B2B) marketplace, Bazaar Technologies, has secured $30 million in the country’s largest Series A round to date. Bazaar announced the closure of its latest raise on Aug. 24, revealing that th Silicon Valley-based Defy Partners and Singapore’s Wavemaker Partners had led the funding round. The round also saw participation from dozens of …
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A group of DeFi projects and U.S. crypto exchange Kraken have donated $250,000 each to the Ethereum Foundation to support client teams working on the Ethereum (ETH) 2.0 upgrade. On Aug. 24 the Ethereum Foundation announced that the donations were made by Kraken, Compound Grants, Lido, Synthetix, The Graph and Uniswap Grants. The funds will …
Continue reading “Five DeFi projects and Kraken tip in $250K each to support Eth2 client teams”
Coinbase is under fire for terrible customer service following reports of users accounts being hacked and drained of funds. According to an Aug. 24 investigation by CNBC, thousands of customers across the country have lodged complaints against the company. The outlet stated that it had interviewed numerous Coinbase customers who claimed hackers had drained their …
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Galaxy Digital Holdings has teamed up with Alerian and S-Network Global indexes to launch eight crypto-focused blockchain indexes. According to an Aug. 24 announcement, the duo have launched two crypto index families named “Alerian Galaxy Global Blockchain Indexes” and the “Alerian Galaxy Global Cryptocurrency-Focused Blockchain Indexes,” which the eight offerings are listed under. The passive …
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Amid the enormous success of crypto-powered game Axie Infinity in the Philippines, the local Department of Finance has made clear that it wants a cut of profits generated by playing Axie and other play-to-earn games. An August 23 report from Inquirer cites Philippine Finance Undersecretary Antonette Tionko as clarifying that any profits gleaned through play-to-earn …
The hashrate for the Bitcoin network has made a remarkable recovery since it crashed following China’s crypto mining clampdown earlier this year. The Bitcoin hashrate has now topped 150 Exahashes, or one quintillion hashes, per second according to data from analytics provider CryptoQuant. On Aug. 24, the metrics provider reported a hashrate of 152 EH/s …
Continue reading “Bitcoin hashrate triples since June 28 in recovery from China syndrome”
