Stablecoin USDC is getting increasingly popular among crypto users and ditto institutions, so much so that USDC, the second-largest stablecoin by market cap, is on a steady streak narrowing the distance to market leader, Tether’s USDT. Just this week, USDC broke the $50 billion mark chasing USDT’s $70 billion in total market cap. Deployed in …
Continue reading “USDC blacklist cost users an extra $3.6 million – per month”
Wilder World has partnered with one of the crypto industry’s leading security and hardware providers to build a home in the metaverse. As more brands, individuals and organizations jump into the metaverse, reputable crypto companies are choosing where to make their home. From Samsung in Decentraland, Enjin in Bloktopia and now Ledger in Wilder World, …
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Crypto exchange Gemini recently announced a major sponsorship deal with Real Bedford FC, joining the growing list of industry partners, whose support of the small UK football team with “Bitcoin at its heart” will rise to the Premier League. Last December, famous Bitcoin bull Peter McCormack acquired the non-league football team in his hometown, and …
A Tanzanian fintech startup revealed it has raised $10 million in its latest funding round and is planning to use the funds to finance an expansion into other African countries. Fintech Plans to Enter 12 More Countries by Year’s End The Tanzanian fintech behind an app that enables payments from the U.K. to Africa, Nala, …
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The DIAN, the Colombian tax authority, has announced it is taking special measures to tighten controls on taxpayers currently using cryptocurrencies to transact. With these actions, the organization seeks to detect any taxpayers that have used crypto assets and failed to report these activities, or reported them erroneously. This action seeks to thwart cryptocurrency-related tax …
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El Salvador became the first country to adopt Bitcoin as legal tender last year. To make its BTC initiative possible, the country launched the Chivo wallet to facilitate the transfer of Bitcoin locally. The country has now relaunched this Chivo wallet to solve existing problems when users transfer Bitcoin locally. El Salvador solves concerns with …
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The decentralised finance (DeFi) space is as vibrant as ever, with total funds locked in DeFi protocols marking a sharp rise from last week. Savvy investors are now looking for the best DeFi to invest in for high profits this February. We have reviewed some of the best DeFi coins and the factors that could …
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A popular crypto analyst is setting price targets for three crypto assets as the markets try to bounce back from a shaky start to 2022. In a new strategy session, the host of financial education YouTube channel InvestAnswers shares with his 407,000 subscribers a Bitcoin (BTC) chart from CryptoStackers founder Forrest Przybysz. The chart features …
MicroStrategy, the fortune 500 company with a 125,051 Bitcoin (BTC)-strong treasury, announced its Q4 2021 financial results on Feb. 2. The institutional software solution provider reported a net loss of $146.6 million incurred in impairment charges on its Bitcoin holdings. The high impairment losses added to the company’s operating expenses which saw a 125% increase at …
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American billionaire and CEO of crypto exchange FTX Sam Bankman-Fried announced that his company acquired Japanese crypto firm Liquid Group and its subsidiaries. As a part of the deal, FTX will acquire Quoine Corporation, a Financial Services Agency (FSA)-approved crypto exchange. As Cointelegraph previously reported, Quoine acquired a Type I Financial Instruments Business license under …
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HodlX Guest Post Submit Your Post Last month as the Federal Reserve indicated that it might hike interest rates three times in 2022, the prices of major cryptocurrencies spiked. The prices of Bitcoin jumped from $47,800 to $49,000 after the announcement by the Federal Reserve. Similarly, Ethereum prices rose from $3,810 to $3,922 following the …
The Coachella Valley Music & Arts Festival has partnered with FTX US to launch a series of NFT collectibles that includes tokenized lifetime access passes to its annual music festivals. The iconic music festival is held over two consecutive three-day weekends every April in California, and is being headlined by Harry Styles, Billy Eilish and …
Rock legend Gene Simmons says he will accept crypto payments for the sale of his $13.5 million mansion in Las Vegas. The iconic bassist and co-lead singer of Kiss will accept payments in or a combination of Bitcoin, Ethereum, Litecoin, Uniswap, Polkadot, Aave or Try.Finance according to hard rock news site, Blabber Mouth. Listing broker …
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The Tezos network has seen impressive growth over the past 12 months in smart contract addresses and general adoption, primarily driven by non-fungible tokens (NFTs). Activity within the Proof-of-Stake ecosystem has had a spurt of growth recently as it aims to compete with Ethereum for NFT minting and markets. According to Coin Metrics’ “State of …
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El Salvador, the first country to adopt Bitcoin (BTC) as a legal tender, has relaunched its in-house Chivo wallet to address the existing challenges of BTC transfers locally. With AlphaPoint integration, the updated Chivo wallet is expected to carry out instantaneous low-fee Bitcoin transactions while fixing concerns related to stability and scalability. Within the first …
Continue reading “El Salvador relaunches Chivo wallet, plans to deploy 1,500 Bitcoin ATMs”
