Aureo Ribeiro, a federal deputy in Brazil, stated that bitcoin might become a recognized currency in Brazil soon, during an interview with local media. The politician stated that Brazilians may be able to purchase houses, cars, and even fast food at McDonald’s with cryptocurrency in the near future. Bill 2.303/15, which regulates cryptocurrencies, might approve …
Monthly archives: October 2021
Blockchain Game Launchpad Partners With Enjin for Accelerated Ecosystem Development
press release PRESS RELEASE. SINGAPORE — EnjinStarter, a launchpad for blockchain games, has announced a strategic partnership with Enjin to accelerate growth of the Enjin ecosystem. EnjinStarter helps games and apps leverage Enjin’s non-fungible token (NFT) technology and infrastructure, specifically the gas-free JumpNet blockchain and Efinity, an upcoming Polkadot-based NFT parachain. EnjinStarter has secured a …
Tanzania Central Bank Heeding Call to Prepare for Crypto, Economists Express Reservations
While the Bank of Tanzania (BOT) executives continue to reiterate the central bank’s willingness to heed the government’s call to prepare for cryptocurrencies, some economists insist Tanzania lacks the resources needed for it to adopt such digital currencies. Economists: Tanzania an Unsuitable Candidate In their views, published by the Citizen following the BOT’s latest update, …
Axie Infinity Surges to New All-Time High as Users Stake Nearly $2,000,000,000 in AXS
The governance token of the Ethereum-based game, Axie Infinity, is reaching new all-time highs after launching introducing a staking program. At the time of writing, the governance token abbreviated as AXS (Axie Infinity Shards) soared to a fresh all-time high at $155.88, up over 140% in just one week, according to CoinGecko. AXS has skyrocketed 112,442% …
THORSwap closes investment round as cross-chain DEXs take center stage
Cross-chain decentralized exchange THORSwap has concluded a $3.75 million private token sale backed by leading venture funds within the blockchain industry, offering further evidence that investors are keen to back market-ready DeFi platforms. The funding will be used by THORSwap to continue building its development and operational resources, including the launch of new products on …
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$50K Bitcoin is ‘ultimate bear trap,’ says analyst as BTC price struggles for key level
Bitcoin (BTC) may be battling for $50,000, but its latest move could prove to be the “ultimate” tool to make bears pay. In a tweet on Oct. 5, popular trader and analyst Rekt Capital described the most recent BTC price action as the “ultimate bear trap.” Analyst predicts more suffering for Bitcoin bears After reaching …
The long game: Institutional interest in crypto is just getting started
The old adage “The crypto market is not for the faint-hearted” was put on full display recently when the total market capitalization of the industry dipped to a relative low of $1.75 trillion on Sept. 20, only to make a strong comeback. Despite all of these fluctuations, however, demand from institutional investors remains strong, with …
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Sentenced ‘Bitcoin czar’ named among Pandora Papers
The International Consortium of Investigative Journalists (ICIJ) has identified a major crypto criminal among those exposed to have funneled funds into shadowy tax havens in its “Pandora Papers.’ According to an Oct. 3 ICIJ document summarizing the organization’s findings from its Pandora Papers investigation, offshore assets belonging to a so-called “Bitcoin czar sentenced for money …
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What Does China’s Crypto Ban Mean for the Rest of the World?
China has declared almost all crypto activity illegal. How will this impact the country’s industry and the rest of the world? China declared all transactions related to cryptocurrency and virtual currency illegal last month, causing widespread commotion in the crypto industry. On September 24, the People’s Bank of China and the National Development and Reform …
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Texas Is Planning To Become A Leader In Using Blockchain And Crypto
The state of Texas in the United States is reportedly gearing up and aiming to establish itself in the position of a leader when it comes to the use and application of the globally popular technology of Blockchain. In addition to that, the state is also aiming to become a leader in the crypto asset …
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Survey Says 50% Africans Invest In Crypto To Pay For Children’s Education
According to a recent poll that has been conducted across the continent of Africa, it has been concluded that the majority of Africans are investing in cryptocurrencies and other forms of digital assets with a long term goal in their minds, which in most cases are geared towards securing well-being for their families. Using crypto …
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Hong Kong Monetary Authority (HKMA) Issues First Whitepaper on CBDC Development
The Hong Kong Monetary Authority (HKMA) has issued the first technical whitepaper addressing its retail central bank digital currency (CBDC). The whitepaper revolves around the features of the e-HKD. The HKMA has released this whitepaper with the collaboration of the BIS Innovation Hub. HKMA expects to develop its initial view of the CBDC by mid-2022. …
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Shiba Inu Price at $0.00001271 after 51.8% Gains – How to Buy SHIB
The cryptocurrency market is currently on a remarkable uptrend. The price of bitcoin is almost touching $50K, causing an uptrend to the rest of the market. Shiba Inu is among the trending coins in the market with explosive gains that have pushed it towards monthly highs. SHIB is trading at $0.00001271 at the time of …
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Cardano’s Potential To Attract Outside Investors Hinges on One Factor, According to Crypto Giant Grayscale
The crypto giant Grayscale says Cardano’s future could hinge on one all-important factor. In a recently published report, the digital asset manager says Cardano is currently processing more than 115,000 transactions per day, up about 13x since the start of 2021. The network also now has about 2.8 million users, a 7.3x increase since the …
Axie Infinity developer secures $152M in Series B funding from investors
Sky Mavis, the studio behind the popular Axie Infinity nonfungible token (NFT) game, has announced a fresh round of funding for the company. In a statement issued on Tuesday, Sky Mavis announced that it had closed a $152-million Series B funding round. According to the announcement, notable crypto and blockchain investors such as global exchange …
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