China’s central bank digital currency (CBDC), the digital yuan, has been used in transactions worth nearly $10 billion, according to an official with the Chinese central bank, the People’s Bank of China (PBOC). In addition, the government digital wallet has been downloaded by about 140 million people. Digital Yuan’s Adoption Rises, Nearly $10 Billion Transacted …
Yearly archives: 2021
Decentralized Indexing Provider Aleph.im Launches Serum Markets Analytics
Crypto proponents and market observers can now gain insight into Solana’s and Serum’s liquidity infrastructure ecosystem via the analytics and decentralized indexing provider Aleph.im. The cross-blockchain computing project says the induction of Serum Markets will “help surface valuable trading data on Project Serum.” Aleph.im Adds Project Serum Support During the last quarter of the year, …
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Quant Analyst PlanB Predicts Hyberbolic Scenario for Bitcoin – Here’s His Q1 Price Target
Quantitative analyst PlanB is updating his Bitcoin (BTC) price target for the first quarter of 2022 and reveals when he thinks BTC will see a hyperbolic surge where it outperforms all other assets. In an interview with Bitcoin bull Anthony Pompliano, the widely followed crypto analyst says that based on his various models, there’s a …
Regulators are coming for stablecoins, but what should they start with?
The word “stablecoin” may have a pleasant ring to it — isn’t it nice to have something stable in the volatile cryptoverse? — but for critics, they are nothing short of a ticking time bomb. Whether that’s true or not, the push for regulating stablecoins is gaining momentum. The United States and the European Union …
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Brazilian federal deputy proposes crypto payment option for workers
Federal Deputy Luizão Goulart, a Brazilian congressman, proposed a bill to legalize crypto payments as a mode of payment for public and private sector workers. Goulart’s proposal seeks a new law that allows all Brazilian workers to have an option to request employers for remuneration in cryptocurrencies. However, the bill warrants crypto payments to be …
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Bank of America Executive Sees Crypto as Asset Class: ‘I Don’t View It as Competition at All’
Bank of America’s chief operating officer does not see cryptocurrency as competition. Instead, he views it as an asset class, noting that “people like it for all sorts of different reasons.” Bank of America’s COO on Crypto: ‘I Don’t View It as Competition at All’ Bank of America COO Tom Montag talked about cryptocurrency Thursday …
Bakkt Set To Expand Its Crypto Offering To Include Ethereum
Digital asset marketplace Bakkt on Friday announced that users and partners will soon be able to buy, sell and hold ether (ETH). Users will also be able to send Ethereum to family and friends through its app. Institutional clients can also choose the Bakkt Warehouse for custody of ether. Related Reading | Bakkt and CME launch new …
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Solana, FTX, Lightspeed Ventures To Launch $100M Web3 Gaming Fund
More paths open up for Web3 gaming as a $100 million investment fund is launched by the large blockchain venture firms Solana Ventures, Lightspeed Venture Partners, and FTX. A lot of enthusiasm surrounds the future of the GameFi industry as it grows exponentially. The fund aims to invest in “the intersection of blockchain and gaming”: …
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Nelson Saiers Calls Cheap On The FED With New Sculpture, Why It Matters For Bitcoin
On November 3rd, U.S. Federal Reserve Chairman Jerome Powell finally hinted at the beginning of tapering resulting in Bitcoin and other cryptocurrencies taking a loss. The market has been moving sideways since then, cooling off after a rally that took BTC from $40,000 into price discovery above $65,000. Related Reading | Inflatable Bitcoin Rat Makes …
QED, Aims To Lead The Next Generation Oracle Products For DeFi With Its Robust Economic Model
Oracles, according to Cryptopedia, are protocols for smart contracts in the blockchain industry to interact with external data. Smart contracts are essentially computer programs that run within a blockchain and automate a set of transactions when certain conditions are met. Thus, smart contracts contribute to the complete decentralization of the blockchain industry by allowing transactions …
AOFEX Rolls out “OT Airdrop Program” and Gives away 120,000 OT at Phase 1
AOFEX will launch its “OT Airdrop Program” at 15:00, November 4, 2021, which is designed to build a closer connection with users, enable all OT holders to enjoy blockchain value, explore more application scenarios, contribute to the development of the blockchain industry, and realize mutual benefits. In “OT Airdrop Program” Phase 1 AOFEX will give …
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Crypto Analyst Alex Krüger Predicts Bitcoin Price for End of 2021, Says $1 Million BTC Inevitable in the Long Run
Popular economist and cryptocurrency analyst Alex Krüger is providing an outlook for Bitcoin (BTC) over the coming weeks and months. In a new interview with YouTuber and crypto strategist Scott Melker, Krüger predicts that Bitcoin will eventually hit the $1 million price tag. However, he says the timeframe for the price target is up for grabs. …
Square’s Cash App Generates $1.8 Billion in Bitcoin Revenue, BTC Profit up 29% in Q3
Square Inc. has reported bitcoin revenue of $1.82 billion in the third quarter, an 11% increase from the same period last year. Its bitcoin gross profit was $42 million during the time period, a 29% increase year-over-year. Square’s Bitcoin Profit up 29% in Q3 In the company’s Q3 2021 Shareholder Letter, published Thursday, Square Inc. …
Polygon Reveals Details About Its Future Collaboration With LBank During AMA
press release PRESS RELEASE. Recently, LBank Exchange held an AMA session with the Polygon team, discussing Polygon’s achievements, collaborations, NFT and Gaming markets, Nightfall solution, future plans and so on. Here’s the summary of this AMA. Ethereum is the blockchain development platform of choice, but it has limitations such as low throughput, poor UX, and …
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Moscow Confirms Arrest of Russian Crypto Entrepreneur in Amsterdam, Report Mentions FBI
Authorities in the Netherlands have arrested a Russian national with a cryptocurrency business, the Foreign Ministry in Moscow has confirmed. The man involved in the establishment of two crypto exchange platforms was apprehended earlier this month, reportedly on a request from U.S. law enforcement. Russian Founder of Cryptocurrency Exchangers Detained in Holland Denis Dubnikov, co-founder …