DAY LONG NEWS ROUNDUP: LATEST NEWS 03/11/21

We offer you the top headlines which are affecting the blockchain and crypto space on 03/11/21 so you can stay informed on the latest updates. Cardano network reaches 2M wallets as it prepares to scale activities with Hydra upgrade In a recent tweet posted on Monday, the Cardano Foundation has declared that the number of …

Top Cryptocurrency Exchanges For Trading Cryptocurrencies

Cryptocurrencies empowered by the Blockchain technology is a revolutionary technological achievement that aims to transform the concept of finance. It has only been a decade since this technology has been introduced in the market. However, the cryptocurrency sensation has taken over the world like a storm.  That is exactly why for many, understanding cryptocurrencies can …

US Treasury Department Says Stablecoins Could Have Positive Impact on Payments – But Potential Risks to Financial System Must Be Mitigated

The US Treasury Department says that stablecoins, cryptographically secured digital assets pegged to the price of traditional assets like the US dollar, could have a positive impact on the payments industry. In a new press release and report on one emerging sector of the digital economy, the Treasury says “stablecoins that are well-designed and subject …

Coinbase Sparks Altcoin Rally After Listing Large-Cap Crypto Asset Built on Ethereum

A large-cap altcoin built on the Ethereum network is rallying after earning support from the leading US crypto exchange, Coinbase. The price of Crypto.com Coin (CRO) is up 17.1% at time of writing, fueled by an announcement that the asset will be listed on Coinbase Pro.   The coin is designed to power Crypto.com’s mobile …

Explosive Breakouts Coming for Bitcoin and Two of the Largest Crypto Assets by Market Cap, According to Popular Trader

A widely followed crypto strategist and trader says massive breakouts are in sight for Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB). The pseudonymous analyst Smart Contracter tells his 177,800 Twitter followers that Bitcoin is one diagonal resistance away from printing a fresh all-time high.   “It’s only a matter of time before BTC goes …

Matt Damon’s Entry Into World of Crypto Signals Shift in Mainstream Acceptance of Digital Assets

HodlX Guest Post  Submit Your Post   News coverage of Matt Damon’s role as the spokesman of Crypto.com has been rampant. He’s the latest in a line of celebrities who have cashed in during their promotion of cryptocurrencies. First, there were the nefarious early days of John McAfee boosting coins through his Twitter account. Then there were the …

To the moon: Huobi wants to send someone to space for its 8th birthday

Huobi Group, a major global blockchain company behind the world’s third-largest cryptocurrency exchange by trading volume, is celebrating its eighth birthday in a somewhat unusual way. The company will hold a series of events as part of its eighth-anniversary celebrations, including giveaway promotions and a space travel ticket, Huobi told to Cointelegraph on Wednesday. Huobi will …

Over 140 million people have digital yuan accounts, says PBoC head

China’s trials with central bank digital currency (CBDC) show no signs of slowing down, as the updated numbers for October 2021 were revealed at Hong Kong Fintech Week. Set out to replace cash in day-to-day transactions, the digital yuan (e-CNY) is gaining traction among individuals and corporates alike, according to the People’s Bank of China’s …

Cryptocurrency trading platform Crypto.com to debut UFC NFTs

On Tuesday, crypto trading and payments firm Crypto.com revealed the release of the first authorized UFC nonfungible token (NFT).  According to the news release, the UFC’s new NFT series will include digital collectibles such as fight night paintings, event posters, championship belts, fighter personas and avatars. On Thursday, the collection of NFTs known as “UFC 268 …

NYSE Arca files with SEC to list Bitwise Bitcoin ETP Trust

NYSE Arca, a subsidiary of the New York Stock Exchange (NYSE) Group, wants to list and operate a trust based on Bitcoin (BTC) exchange-traded products (ETP). In a rule-change proposal with the United States Securities and Exchange Commission, NYSE Arca proposed to list shares of the Bitwise Bitcoin ETP Trust. The proposal clarifies that each …

Cult favourite ‘Pulp Fiction’ is dropping seven Secret NFTs on OpenSea

Quentin Tarantino, the award-winning director, screenwriter, producer, author, film critic, and actor, on the heels of his lifetime achievement award at the Rome Film Festival, will auction off seven uncut Pulp Fiction Scenes as non-fungible tokens (NFTs). 🚨 NEW on @CNBC 🚨Quentin Tarantino is breaking into NFTs, thanks to Secret Network. Seven uncut scenes from …

Crypto jobs markets gets boost as Wall Street bumper pay to attract talent

With the realization that crypto would play an invaluable role in the evolution of the financial landscape, some of the leading financial institutions in the world are now paying top dollar to recruit top crypto talents into their folds. Crypto specialists are in high demand A recent Bloomberg report has revealed that some of the …

Inside the crypto metaverses: Are wearables the next NFT megatrend?

All the buzz seems to suggest that wearables are going to be a key mechanism for driving the love for NFTs in the metaverse. Walking around Decentraland, one Avatar can’t help but be envious of the style on display, from branded capes to a little bit of bling, wearables are certainly collectors in this virtual …

Major Thai Bank SCB Acquires 51% Stake in Cryptocurrency Exchange

Siam Commercial Bank, one of the largest banks in Thailand, is acquiring a 51% stake in a cryptocurrency exchange. The acquisition will help the bank “create new growth value in the long term amid a new financial world,” said the CEO of the bank. Major Thai Bank Becoming Majority Shareholder of Cryptocurrency Exchange Thailand’s oldest …

Fiat-to-Crypto Payment Firm Wyre Reveals All-in-One NFT Marketplace Service

On Tuesday, the San Francisco-based fiat-to-crypto and payment infrastructure company, Wyre, announced the launch of a non-fungible token (NFT) market tool that gives developers the ability to create NFT marketplaces in less than 24 hours. Wyre Claims Devs Can Build an NFT Marketplace in 24 Hours Non-fungible token (NFT) assets have been a hot topic …

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