In much of Africa, many people still lack access to basic financial services for many reasons. One of the reasons is that financial institutions have set standards or thresholds that make it impossible for low-income earners to even open a bank account. Access to soft loans or other forms of financing is even more cumbersome …
Continue reading “Using a Crypto Loan App to Bring Financial Services to Excluded Groups in Africa”
Arbitrum, an Ethereum Layer-2 (L2) scaling solution, announced it would launch its mainnet for users this August. The tool, which allows Ethereum users to transact with very low fees, had launched in beta version last June, with support from some key projects in the Ethereum sphere, like Uniswap, who received a community vote to integrate …
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A Brazilian federal court ordered the sale of a bitcoin stash worth $1.1 million. The sale was conducted by the largest regulated exchange in the country, Mercado Bitcoin. The Federal Police seized the bitcoin sold from Tradergroup, a company that allegedly was operating as a Ponzi scheme, under the facade of being a cryptocurrency investment …
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sponsored Digital assets have seen great success as investment tools in recent years, but payment adoption is unfortunately still lagging behind. Alchemy Pay is well on its mission to change this by enabling millions of merchants to accept crypto payments and get paid in their local currency. At the same time, Alchemy Pay also opens …
Continue reading “Alchemy Pay Drives Crypto Adoption by Bridging Fiat and Crypto Economies”
Blockchain analytics firm Santiment says that Bitcoin (BTC) whales aren’t showing interest in taking profits as BTC continues to build strength. The firm says that Bitcoin entities holding between 100 and 10,000 BTC now hold 9.28 million coins, or about 44% of the total supply, which is an all-time high for the investor cohort. ADVERTISEMENT …
Continue reading “As Bitcoin Hits $45,000, BTC Whales Showing No Signs of Profit-Taking: Santiment”
Hybrid crypto-fiat platform Alchemy Pay announced Monday that the company will be launching virtual crypto-linked cards accepting more than 40 cryptocurrencies like Bitcoin (BTC). The new cards can be linked to Google Pay and PayPal digital wallets, and make payments across the Mastercard and Visa networks, as well as popular e-commerce platforms like Amazon and …
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Gold prices have tanked during the Monday morning Asian trading session, compounding losses accumulated over the past week. On August 9, the price of gold quickly fell to its lowest level since March as a flash crash drove prices below $1,700/oz. According to Tradingview, the price of the precious yellow metal plunged to $1,690/oz during …
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The provisions aim to raise $28 billion for infrastructure funding through expanded digital asset taxation and will impose broad third-party reporting requirements on any crypto firm deemed to be a “broker.” On Monday, Jake Chervinsky, general counsel to Compound Labs, tweeted that the United States Senate had voted 68 in favor to 29 against ending the …
Continue reading “Unchanged crypto tax bill will be put to a vote on Tuesday”
BITH11, a new exchange-traded fund (ETF) launched in Brazil by crypto-focused alternative investment firm Hashdex Asset Management, claims to be the country’s first “green” Bitcoin ETF. The fund plans to neutralize its associated carbon emissions through purchasing carbon credits. To meet the ETF’s objectives, Hashdex has partnered with Germany’s Crypto Carbon Ratings Institute (CCRI) — …
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Youtube superstar and rapper KSI, also known as JJ, says he is “really into crypto.” Emphasizing that “Bitcoin is the future,” he said a lot of people do not understand that crypto “is a long-haul thing.” KSI Is ‘Really Into Crypto’ Famed rapper and popular Youtuber KSI talked about bitcoin and cryptocurrency in an interview …
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U.S. Senator Elizabeth Warren, a longtime bitcoin skeptic, has shared her view of the benefits of cryptocurrencies. While noting that “The biggest upside to cryptocurrency could be expansion or democratization of access to the financial system,” she warned that the crypto industry may need federal bailout if something goes wrong, such as “a run on …
The founder of the world’s largest hedge fund, Bridgewater Associates, is still concerned that governments could outlaw cryptocurrencies. Nonetheless, he sees bitcoin as digital gold and owns some for diversification. Ray Dalio Worried About Government Outlawing Cryptocurrencies Bridgewater Associates founder Ray Dalio is still concerned that governments may outlaw cryptocurrency. Dalio now serves as the …
Bitcoin’s (BTC) rally above $45,000 suggests that the short-term sentiment has turned positive and this has increased buying interest across the board and pushed the total crypto market capitalization above $1.8 trillion. Driven by the tailwind of the London hard fork, Ether (ETH) broke above the $3,000 mark on Aug. 7. While the rally in …
Continue reading “Top 5 cryptocurrencies to watch this week: BTC, LTC, ICP, THETA, FTT”
A widely followed crypto strategist and trader is predicting big bullish moves for Bitcoin and Ethereum as the broader crypto markets continue to flash signs of strength. The crypto analyst, known in the industry as The Crypto Dog, tells his 562,200 Twitter followers that he’s expecting Bitcoin (BTC) to hit new 30-day highs as it …
Take the crypto world, mix in a little punk and you have yourself a recipe for success. Just this week, Punk #561 has been sold for 375 ETH ($1,041,344.97 USD). Punk 561 bought for 375 ETH ($1,041,344.97 USD) by 0x18ee9c from 0xd1e70f. https://t.co/ke2AkDU7Zf #cryptopunks #ethereum pic.twitter.com/ueOS3u4tLv — CryptoPunks Bot (@cryptopunksbot) August 6, 2021 So what …
Continue reading “A 3D glass-wearing CryptoPunk just got sold for $1 million”
