After a great number of well known product brands like Burger King, Axe, Snickers, Milky Way, and Slim Jim have been riding the dogecoin hype, the American meat and cold cut manufacturer Oscar Mayer has also jumped on the dogecoin bandwagon. Similar to Axe, Oscar Mayer has also created a dogecoin-centric product and is auctioning …
Author archives: Adam Owen
Stablecoins Could Challenge Banks and Drive Down Payment Costs: Federal Reserve Governor
A member of the Board of Governors of the Federal Reserve System is sharing his thoughts on the advantages of using private stablecoins over central bank digital currencies (CBDCs). In a speech at the American Enterprise Institute in Washington, DC, Governor Christopher J. Waller weighs the benefits of using a privatized digital currency in place …
New Bill in Spain Seeks To Enable Crypto-Based Mortgages
Lawmakers in Spain are proposing a new law that would allow homeowners to pay their mortgages using cryptocurrency. The legislation, submitted by members of the People’s Party in a bid to promote digital transformation in Spain, also aims to enable real-estate companies and investment funds to use crypto assets to purchase mortgages from banks. ADVERTISEMENT …
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Senator Elizabeth Warren Says Crypto Poses Bigger Risk to Financial System the Bigger It Gets – Here’s Why
US Senator Elizabeth Warren (D-MA) says that the bigger the crypto sector gets, the bigger the risk it poses to the financial system at large. In a new interview with Bloomberg, Warren draws parallels between the growing crypto industry and the 2008 financial crisis. ADVERTISEMENT “So do you remember money markets back in 2006, …
SEC claims first enforcement action in $30M fraud case involving DeFi project
A Cayman Islands-based company and two individuals may be the first subjects in decentralized finance, or DeFi, to face enforcement action from the U.S. Securities and Exchange Commission. According to a Friday announcement, the Securities and Exchange Commission, or SEC, said that this is the first case involving securities using DeFi technology which resulted in an …
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Price analysis 8/6: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LINK
Bitcoin (BTC) has staged a smart recovery in the past few days and the interest in the crypto sector seems to be picking up. JPMorgan Chase has added access to a new Bitcoin fund created by New York Digital Investment Group (NYDIG) for its private banking clients. The increasing number of traditional financial institutions opening …
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MyEtherWallet founder notes two key aspects of Ethereum London hard fork
Ethereum underwent an upgrade on Thursday, bringing with it a number of alterations to the network’s blockchain. CEO and founder of MyEtherWallet, Kosala Hemchandra, pointed toward two changes of particular importance. “The London upgrade adds around 5 changes to the current Ethereum network; however, I believe that only 2 of them are crucial to day-to-day users,” Hemchandra …
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Project Seed Launches the First Ambassador Program With Exclusive Benefits
Project SEED, the multichain game ecosystem designed to transform play-to-earn by providing top-notch gaming experience to players, has launched its first ambassador program with various benefits for GameFi enthusiasts. The ambassador, a.k.a the SHILLER, will team up closely with Project SEED’s amazing community managers to tell the world about Project SEED’s exciting play-to-earn RPG game and …
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Whales Move $705,000,000 in Bitcoin and Ethereum As Market Bounces – Here’s Where the Crypto Is Going
Crypto whales are moving heaps of Bitcoin (BTC) and Ethereum (ETH) as crypto market volatility picks up. The on-chain crypto tracking system Whale Alert is flagging a handful of remarkably large transactions. ADVERTISEMENT One mystery whale sent 36,000 ETH, worth about $100 million, to an unknown wallet address on Thursday in its second million-dollar …
Treasury Secretary reportedly against amending crypto language in infrastructure bill
On Wednesday of this week, several U.S. senators proposed an amendment to an infrastructure bill which would clarify language concerning crypto. Even though that proposal seemingly has the support of the white house, U.S. Treasury Secretary Janet Yellen has reportedly come out against the measure. According to a Friday report from the Washington Post, Yellen …
Bitcoin price blasts through $43K, hitting its highest price since May
Bitcoin’s (BTC) price rallied to a multi-month high at $43,231 on August 6 and this allowed the digital asset to break free of the trading range it had been stuck in since May. Data from Cointelegraph Markets Pro and TradingView shows that after trading sideways through the early morning hours on Friday bulls staged a …
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New bill in Ukraine to allow payments in cryptocurrency, says official
A new cryptocurrency-related bill in Ukraine will allow payments in cryptocurrencies like Bitcoin (BTC) despite not recognizing crypto as legal tender, a government official claimed. Deputy minister of Ukraine’s Ministry of Digital Transformation Oleksandr Bornyakov is confident that it would be “quite legal to pay with cryptocurrencies” in Ukraine through payment intermediaries that enable crypto-to-fiat conversions. …
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Fed’s Vice Chair Says Tapering May Happen in 2021, Senator Joe Manchin ‘Alarmed Over Record Amount of Stimulus Injections’
The U.S. central bank’s vice chairman Richard Clarida explained on Wednesday that the Federal Reserve could begin tapering large asset purchases this year. Also, that the first interest rate hike since the onset of Covid-19 could happen in 2023. Meanwhile, despite members of the Fed saying inflation will be transitory, corporate bosses from some of …
JPMorgan Quietly Offers 6 Crypto Investments Despite CEO Jamie Dimon’s Anti-Bitcoin Stance
Global investment bank JPMorgan is now offering six cryptocurrency investment funds to clients despite its CEO, Jamie Dimon, continually advising against investing in bitcoin and other cryptocurrencies. JPMorgan Chase has quietly begun giving its wealth management clients access to six cryptocurrency investment funds, CNBC reported Thursday, citing people with knowledge of the move. On Thursday, …
EQIFI Launches Suite of Decentralized Financial Products Powered by a Global, Licensed Bank
press release PRESS RELEASE. British Virgin Islands — 6th August, 2021 — EQIFI, a decentralized protocol for pooled lending, borrowing and investing Ethereum-based cryptocurrencies, stablecoins, and select fiat currencies, has today launched its DeFi platform, including newly introduced fixed- and variable-rate ledning products, as well as the advanced yield aggregator and interest rate swaps. Brad …