With Bitcoin breaking through new all-time highs, a closely followed crypto trader is expecting bullish BTC continuation while one altcoin on his radar prepares for liftoff. Crypto market strategist Dave the Wave tells his 82,700 Twitter followers that Bitcoin is appreciating within a rising channel with an upside around $75,000 and a downside around $55,000. …
Yearly archives: 2021
Zimbabwe minister signals CBDC interest amid Bitcoin adoption rumors
Zimbabwe’s minister of information publicly dismissed ongoing rumors about the country considering the adoption of cryptocurrencies and Bitcoin (BTC). Rather, Minister Monica Mutsvangwa clarified that the government of Zimbabwe is keen to experiment with a central banking digital currency (CBDC). The rumor about Zimbabwe’s crypto adoption was sparked based on numerous reports quoting Charles Wekwete, …
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Bitcoin Suisse to enable Lightning Network payments
Bitcoin Suisse will use the Lightning Network to make Bitcoin (BTC) transactions both cheaper and faster. It will be the first cryptocurrency payment processor in Switzerland to integrate the technology, according to a press release dated Tuesday. Armin Schmid, head of Bitcoin Suisse Pay, praised the decision, noting that Lightning transactions will play a significant role in …
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Huobi to halt services in Singapore after China exit
Huobi Global, one of the world’s largest cryptocurrency exchanges by trading volumes, is winding down operations in Singapore shortly after exiting China. Huobi will shut down accounts of all Singapore-based users by the end of March next year, the company officially announced late Tuesday. All Huobi clients based in Singapore should close active positions and …
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DOGE-1 moon mission set for launch with SpaceX in early 2022
DOGE-1, the first crypto-funded mission to the moon, is set to launch early next year following a new partnership between two blockchain companies and manufacturer Geometric Energy Corporation, also known as GEC. Smart exchange ecosystem Unizen and DeFi incubator ZenX announced Wednesday that they are in the process of building and launching DOGE-1, a 40-kilogram …
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Crypto has gone from ‘weird’ to ‘cool’ thanks to NFTs says Visa executive
Visa’s head of crypto Cuy Sheffield said that investing in cryptocurrency has become a lot cooler thanks to an influx of creative types drawn in by the booming NFT sector. Sheffield was speaking on day one of the Singapore Fintech Festival on Nov. 8. He said that a “whole new class” of mainstream users are …
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Robinhood COO praises Shiba Inu as crypto wallet waitlist grows to 1.6M
Robinhood COO Christine Brown has praised the Shiba Inu community but said safety was the platform’s priority over the “short term gain” of listing new tokens. Brown made the comments in an interview for the Crypto Goes Mainstream event streamed live on YouTube on Nov. 10. When asked about Shiba Inu (SHIB) she said: “One …
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Venture funds poured over $6.5 billion into crypto in Q3 2021
According to CB Insights, VC funding for crypto globally was up 384% from the same 9 month period last year. Global VC for this year alone reached an incredible $15 billion. Coinbase Ventures was the most active crypto investor in the third quarter by a significant margin with 24 deals, while CMT Digital and Polychain …
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Gamer chatroom Discord is testing out Ethereum (ETH) integrations
Instant messaging platform Discord, initially incubated as a gamer chat haven, is considering allowing its 150 million monthly active users to connect to Ethereum (ETH). Discord CEO and founder Jason Citron revealed the platform’s Web 3.0 strategy on Twitter, by posting a pre-release app screenshot, featuring support for MetaMask and WalletConnect integrations. The platform’s Web …
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Morgan Stanley says banks ‘likely’ to capitalize on stablecoin demand
Morgan Stanley’s leading cryptocurrency strategist Sheena Shah anticipates the banking industry to capitalize on the demand for stablecoin deposits, reported CoinDesk. Stablecoins, which are often regarded as a bridge between crypto and fiat currencies, have a broad use case in the booming decentralized finance (DeFi) sector. Banks missing out not likely The stablecoin market cap …
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Cardano reveals the extent of progress on its plans to digitally connect Zanzibar
Cardano developers IOHK, in conjunction with World Mobile, have released a video documenting progress on their plans to connect the Tanzanian archipelago of Zanzibar. News of a partnership with the Tanzanian government first broke in late April during the Cardano Africa Special. Since then, as evidenced by the video, great strides have been made in …
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RChain and ZB: Toward a Queueless, Leaderless, Limitless Blockchain
sponsored On November 2rd, 2021, RChain‘s blockchain scientist Atticbee visited ZB exchange as an invited guest for a very technical AMA. ZB is a global exchange being in operation for 8 years with a focus on keeping customers’ assets secure. Atticbee discussed the problems of current blockchain technology and RChain’s answer to these challenges, and …
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Swedish Regulators Call for EU Ban on Crypto Mining, Power Company Defends Industry
Alarmed by the rising energy needs of cryptocurrency mining, Sweden’s financial and environmental regulators have recently proposed an EU-wide ban on proof-of-work coin minting. The Swedish officials believe this would encourage a move towards a more energy-efficient extraction of bitcoin while supporting the transition towards climate neutrality in Sweden and Europe. A state-run power company …
Mastercard Launches Crypto-Linked Payment Cards for Asia-Pacific Region
Payments giant Mastercard is launching crypto-linked payment cards for the Asia-Pacific region in partnership with three crypto service providers. “For the first time, consumers and businesses in the Asia Pacific region will be able to apply for crypto-linked Mastercard credit, debit, or prepaid cards,” Mastercard said. First Crypto-Linked Mastercards in Asia-Pacific Region Mastercard announced Monday …
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AMC Theatres on Track to Accept 4 Cryptocurrencies Next Month: CEO Expects Dogecoin and Shiba Inu to Follow
The CEO of the world’s largest movie exhibition company, AMC Entertainment, says that his company is “on track” to accept four cryptocurrencies by year-end. Dogecoin (DOGE) is expected to be added in the first quarter of next year, and the company is currently figuring out how to take shiba inu (SHIB) as a currency. AMC …