A study released by Canada’s central bank, Banque du Canada, has noted a number of favorable reasons that the country could benefit from its own Central Bank Digital Currency, or CBDC. The document laid out two scenarios that might result in the bank issuing a CBDC at some future date. One would be if citizens …
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The Crypto.com chain testnet allowing projects built on Ethereum to transfer over to its ecosystem from chains compatible with Ethereum Virtual Machine is now live. In a Tuesday announcement, Crypto.com said it had launched the testnet for its Ethereum Virtual Machine, or EVM, chain called Cronos, running in parallel to the Crypto.org chain. The chain …
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Ripple insists on deposing former high-ranking SEC official as part of XRP lawsuit Ripple Labs, the blockchain company behind the XRP token that is currently locked in a $1.3 billion legal battle with the United States Securities and Exchange Commission (SEC), has rescheduled the deposition of William Hinman, the SEC’s former director of Division of …
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July 20, 2021, is a day all Dogecoin fans need to be aware of. From today, global perfume maker Axe is giving away limited edition Axe Dogecan. The package comes in a neat presentation box, but most of all, lucky recipients get that “48 hour crypto scent” that we all need in our life. The …
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On July 20, the CEO of Circle Internet Financial LLC., Jeremy Allaire, published a blog post that explains the firm’s dollar-pegged stablecoin is backed by “prioritized trust, transparency, and accountability.” Allaire’s blog post follows a letter from the Centre Consortium’s accountant, Grant Thornton explaining that the stablecoin’s reserve account information matches the accompanying reserve account …
An amended prospectus filed yesterday by Robinhood indicates the company is aiming to get a valuation of up to $35 billion in its upcoming IPO. The fee-free options, cryptocurrency, and stock trading service is expecting to sell up to 55 million shares and raise more than $2 billion when the IPO launches next week. Robinhood …
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On Tuesday, the company that owns the brand of male grooming products, Axe, announced the launch of a dogecoin-themed and “crypto scented” body spray. The release was limited and currently, the body spray featuring the image of the cartoon Shiba Inu is no longer available to U.S. residents. ‘Much Disappointment’ — Doge-Themed Body Spray Is …
The global cryptocurrency exchange Binance continues to torch its own utility token, Binance Coin (BNB), in an effort to maintain the asset’s value. This week, the exchange completed its 16th quarterly token burn of 1,296,728 BNB worth about $393.67 million, according to a press release. ADVERTISEMENT Binance performs coin-burning events every quarter until it …
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As of today, eToro users can get monthly staking rewards on Ethereum (ETH), with the first wave of staking rewards to be distributed in June. eToro is one of the few globally regulated platforms to enable its 20 million registered users the ability to stake their ETH using the eToro wallet, ahead of the highly …
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The United Nations Global Compact, a non-binding pact aimed at encouraging businesses to adopt sustainable and socially responsible policies, has accepted nonfungible token and blockchain gaming and platform Enjin as a participant. Enjin announced today it would be exploring ways to use nonfungible tokens, or NFTs, to promote sustainability and equality as part of the …
FTX, the cryptocurrency derivatives exchange founded by Sam Bankman-Fried, has closed a $900 million funding round – highlighting once again that venture capitalists are shrugging off market turmoil in their quest to uncover quality blockchain plays. The Series B investment round had over 60 participants, including Softbank, Sequoia Capital, Coinbase Ventures, Multicoin, VanEck and the …
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Bitcoin (BTC) prices broke below a long-standing support wave that was instrumental in keeping its strong bullish bias intact after March 2020’s crypto market crash. Dubbed the 50-week simple moving average, or 50-week SMA, the wave represents the average price traders have paid for Bitcoin over the past 50 weeks. Over the years, and in …
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Analyzing its short-term volatility and looking at the long run, we’re trying to find out whether ‘buying’ is a good choice right now. Should I Buy Bitcoin Now? Unsurprisingly, Bitcoin has been experiencing highly volatile action in 2021. The cryptocurrency has become associated with an increasingly higher number of institutional investors – Tesla, Microstrategy, etc. …
Continue reading “Is It Too Late or Just the Time to Get Into Bitcoin Investment?”
Over a thousand Bitcoin mining machines have been steamrolled in Malaysia amid allegations that the owners used stolen electricity to power their rigs. According to a report by local publication The Star, Malaysian authorities confiscated 1,069 Bitcoin mining rigs and used a steamroller to destroy the machines at a police station in the city of …
July 20, 2021 – London, United Kingdom WiV Technology, a blockchain-based trading platform for unique assets, has signed an agreement with the Georgian government to move some of the country’s wines and their provenance onto WiV’s blockchain empowered platform. The team at WiV will also be developing a quality assurance standard for the county’s wine to …
