Amid the Ukraine-Russia conflict, the Russian ruble has managed to rebound despite the strict sanctions imposed against the Russian Federation. The country’s central bank has taken a few steps to protect the nation’s currency as the Bank of Russia revealed a fixed price for gold and rubles. Furthermore, after pegging the fiat currency to gold, …
Monthly archives: April 2022
GAIMIN Delivers a Decentralized Approach to the Increasing Requirement for More Data Processing Power
sponsored With the current concerns around global energy usage, combined with increasing requirements for data processing services, many countries previously supportive of centralized data processing businesses are investigating the impact of these businesses and how they mitigate a requirement for continuous energy distribution to all sectors – commercial and private. Data processing services consume large …
There is room for the Metaverse in 2022, but the virtual space is far from perfect
It is hard to resist the vision spun to us by Meta (formerly Facebook) and other virtual world platforms. A digital utopia that can transform lives in multiple ways — whether how we socialize, work or even stay healthy — is a hard one to refuse. This is especially true when considering that these platforms …
Mexico’s Third Richest Man Says No To Bonds, Yes To Bitcoin
Ricardo Salinas Pliego is the third richest man in Mexico who has been making headlines for his stance on bitcoin. The billionaire saw Elektra, a supermarket chain, become the first to accept bitcoin payments in the future. He has also been a strong advocate for investing in the digital asset as opposed to traditional assets. …
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Get Ready For A Bitcoin Short Squeeze? Long Traders Pile Up As BTC Struggles
Bitcoin has been hinting at lower levels during today’s trading session. The benchmark crypto was rejected at around $48,000 and has been unable to reclaim its previous highs. Related Reading | Galaxy Digital’s Jason Urban What Will Drive Ethereum To Flip Bitcoin At the time of writing, Bitcoin trades at $43,100 with a 1% and …
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More Correction Soon? Bitcoin Whale Ratio Remains Elevated
On-chain data shows Bitcoin whale ratio still has a high value right now, suggesting that more downside could be coming for the crypto soon. Bitcoin Exchange Whale Ratio Has Stayed At Elevated Values Recently As pointed out by an analyst in a CryptoQuant post, the BTC exchange whale ratio has remained at high values recently. …
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Galaxy Digital’s Jason Urban What Will Drive Ethereum To Flip Bitcoin
The school of thought that Ethereum will one day flip Bitcoin is one that has been around for a while. Although debates around this have subsided following the bull rallies that rocked last year. However, it seems not everyone has forgotten about this. One of those is Galaxy Digital’s trading co-head Jason Urban. The trading …
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The NFL’s First Team To Accept Crypto? The Tennessee Titans
The Tennessee Titans will be the first NFL team in the league to accept cryptocurrency payments, according to emerging reports. While details are limited, it’s now known that the club will utilize a third-party payments provider to allow for larger, recurring purchases via Bitcoin. It’s unknown who exactly that payment provider is, if other crypto …
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Paychecks can Now be Invested in Bitcoin by Cash App Customers
In the event of the Bitcoin 2022 conference in Miami on Thursday (07-04-2022), Cash App introduced additional functionality for US subscribers. The revelation is very much about allowing the subscribers to invest a proportion of their direct deposit revenues in Bitcoin automatically (BTC). The panel included athletes Serena Williams, Odell Beckham Jr., and Aaron Rodgers …
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Here’s What Next for Polygon (MATIC), VeChain (VET) and Two Other Altcoins: Crypto Analyst Michaël van de Poppe
Analyst and trader Michaël van de Poppe is laying out his predictions and targets for four crypto assets. Starting with Ethereum (ETH) scaling solution Polygon (MATIC), Van de Poppe tells his 580,800 Twitter followers that the crypto asset is “getting close to a long.” When paired against Bitcoin (BTC), the crypto analyst and trader says …
Payments Giant Cash App Unveils New Feature That Allows Users To Get Paid in Bitcoin (BTC)
Mobile payments titan Cash App is launching a new feature that will allow users to get paid in the leading crypto asset Bitcoin (BTC). Speaking at the Bitcoin 2022 conference in Miami, Cash App’s crypto product lead Miles Suter says that the payments app has rolled out its ‘Paid in Bitcoin’ feature, allowing customers to …
Applied Blockchain Inc files for $60M IPO
UK-based blockchain infrastructure firm Applied Blockchain has filed an initial public offering (IPO) application on Apr. 8 to the United States Securities and Exchange Commission to issue 3,236,245 shares of common stock onto the Nasdaq Global Select Market with the ticker symbol APLD. The firm currently operates a stock on OTC Pink — the lowest …
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60 Minutes feature on El Salvador’s Bitcoin Beach will air Sunday
60 Minutes, the CBS news show that has been running since 1968, will feature El Salvador’s Bitcoin Beach in a new episode airing April 10. According to a Friday post from 60 Minutes’ Twitter account, the investigative news show will air a segment on the crypto-friendly area of El Zonte, a village located in El …
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Finance Redefined: Axie Infinity creator raises $150M, DApp daily users surge to 2.4M and more
The decentralized finance (DeFi) world saw another week of increased on-chain and developer activity even when the overall market cap took a slight dip amid overall market retrace. The creators of the popular play-to-earn nonfungible token (NFT) game Axie Infinity raised $150 million to reimburse hack victims of the Ronin bridge exploit. The decantralized application, …
ECB executive board member talks about current state of digital euro CBDC research
European Central Bank executive board member Fabio Panetta provided an overview of the central bank’s current research on a retail central bank digital currency Friday when he spoke at the IESE Business School Banking Initiative Conference on Technology and Finance. Panetta said the issuance of central bank digital currencies, or CBDCs, is “likely to become …