Crypto strategist and trader Scott Melker says Solana, FTX Token and two other crypto assets are breaking out of their downtrends. In a new video, Melker tells his 105,000 YouTube subscribers that smart contract platform Solana (SOL) is ready to revisit its all-time high after breaking out of its market slump. ADVERTISEMENT “Solana broke …
Monthly archives: October 2021
Federal High Court of Nigeria approves eNaira CBDC rollout
The Nigerian Federal High Court joins the growing list of regulators across the globe to approve the rollout of a central bank digital currency (CBDC) as a legal tender. Named eNaira, the digital currency will be issued by the central bank and supported by a homegrown eNaira wallet. Nigeria’s CBDC issuance approval was revealed in …
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Futures-based Bitcoin ETF has ‘75% chance of approval’ in October — analyst
A Bitcoin (BTC) exchange-traded fund (ETF) has a 75% chance of being approved this month — in some form. In comments this weekend, Eric Balchunas, senior ETF analyst for Bloomberg, said that United States Bitcoin futures ETFs were “likely on schedule” for the regulatory green light. Bitcoin futures ETFs “very much alive” October began with …
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DAOs can solve important dilemmas but more education is required
Decentralized autonomous organizations (DAO) have been a contentious issue in the blockchain and cryptocurrency world for a while now. From their early days as seen in the case of the Slock.it the German startup that brought about The DAO, to current iterations, DAOs have the potential to make or break the crypto and decentralized finance …
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Axie Infinity Co-Founder Says Blockchain Game Plans to Launch a Decentralized Exchange
Sky Mavis, the team that created the Ethereum-powered non-fungible token (NFT) game Axie Infinity, revealed the project plans to launch a decentralized exchange (dex), according to the company’s co-founder Jeff Zirlin during a podcast with Frank Chaparro. Moreover, Axie Infinity recently captured over $2 billion in NFT sales, making it the second-largest project in terms …
Bitcoin Forming Pattern That Usually Leads to Very Powerful Upside Move, According to Real Vision’s Raoul Pal
Macro guru and former Goldman Sachs executive Raoul Pal says Bitcoin is forming a pattern that could foreshadow a massive rally. The Real Vision CEO tells his 652,000 followers that Bitcoin is forming a huge descending wedge reminiscent of a pattern that formed from 2017 to 2020. When BTC broke out of the technical formation, …
Want to improve blockchain infrastructure? Work under layer-two solutions
There has been a lot of talk about how blockchain unlocks endless enterprise opportunities. And although all this buzz has not entirely translated to tangible results, the explosion of the decentralized finance and nonfungible token (NFT) markets has laid down markers on what is achievable and how blockchain can truly impact even the most conservative …
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IMF recommends CBDC and global crypto standards for financial stability
The International Monetary Fund (IMF) released a set of actionable policies for the emerging markets and developing economies to ensure financial stability amid global crypto adoption. The IMF believes in the potential of crypto assets as a tool for faster and cheaper cross-border payments, citing the dramatic increase in the value of the crypto markets …
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Crypto and God: Mississippi church provides Bitcoin, Ethereum, and others as giving option
Last Sunday, Back Bay church in St. Martin, Mississippi, became the first known Southern Baptist church to offer cryptocurrency as a giving method, according to Baptist Press. Pastor Adam Bennet, a Mississippi Gulf Coast native, who has been in full-time ministry since 2005, introduced crypto as a donation option, alongside more traditional channels. Church members …
Crypto Miners Blamed for Power Supply Deficit in Kazakhstan, Government Mulls Restrictions
Kazakhstan is facing electricity shortages and cryptocurrency mining has been singled out as the main culprit. Amid an ongoing crackdown in China, the Central Asian nation has become a magnet for crypto miners who are taking advantage of its low electricity rates. Republic of Kazakhstan Sees 7% Increase in Electricity Demand Due to Crypto Miners …
IMF Warns Crypto Boom Poses New Financial Stability Challenges, Urges Regulators to Step Up
The International Monetary Fund (IMF) warns that the rising popularity of cryptocurrencies poses new challenges to financial stability. “Cryptoization can reduce the ability of central banks to effectively implement monetary policy. It could also create financial stability risks.” IMF Sees New Challenges to Financial Stability From Crypto The International Monetary Fund (IMF) warned about the …
SEC Extends Decision Timeline Of Four Bitcoin ETFs By 45 Days
Bitcoin EFT applications are piling up as the United States Securities and Exchange Commission (SEC) continues weighing its options. Wall street’s most powerful regulator has once again extended the timeline on making decisions as to whether or not it will approve Bitcoin Exchange-Traded Funds (ETF). The commission extended the deadlines on four applications by 45 …
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Huobi Global’s New Users Can Enjoy $170 Sign-up Bonus
The new users of Huobi Global will receive a bonus. Huobi announces “Welcome Bonus — a $170 Sign-up bonus” for its new users. According to a recent announcement from Huobi Global, the platform now offers a “$170 Sign-up bonus” for its new users. Users who are signing up on Huobi Global will be eligible to …
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Mimir Quiz – The World’s First Quiz Game Powered by Blockchain
Something exciting and innovative is coming out of Sweden, and it might just sweep across the world. No, this has nothing to do with IKEA or Abba’s reunion tour. This is a fun and addictive trivia game that rewards participants for playing and winning in cryptocurrency! Sons of Mim is a Swedish game studio created …
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Axie Infinity Raises $860K While Their AXS Token Rises 55% In The Last 24 Hours
The Axie Infinity team is making moves. On the one hand, they raised $860K “through a strategic sale of our governance token, AXS.” On the other, they announced an in-game decentralized exchange and their AXS increased in prize by 55% in the last 24 hours. Great numbers all around that would satisfy and attract any …
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