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Nigeria Money Printing Controvesy: CBN Governor’s Remarks Attacked, Government Denies It Financed Deficit via Money Printing
21.4.2021
The fallout sparked by reports that the Central Bank of Nigeria (CBN) printed over $150 million for states’ funding continued a few days after the allegations were initially made. In the latest twist, the opposition People’s Democratic Party (PDP) vice-chairman Dan Orbih said the...
2 Cents per Kilowatt Hour: Bitfarms to Launch a 210 MW Bitcoin Mining Operation in Argentina
21.4.2021
The Canadian publicly traded bitcoin mining company Bitfarms has announced a deal that will see the company developing a 210 megawatt (MW) mining farm in Argentina. Bitfarms says that the company was able to secure a low electricity rate at $0.02 per kWh during the contractual period....
Bitcoin bears have a $340M lead heading into Friday’s BTC options expiry
21.4.2021
$1.55 billion in Bitcoin options are set to expire on April 23 and the recent BTC crash to $51,000 has given bears a $340 million advantage
Former Comptroller of the Currency Brian Brooks to Lead Binance’s US Trading Platform
21.4.2021
A former top regulator and acting head of the U.S. Comptroller of the Currency, Brian Brooks has been appointed the CEO of crypto exchange Binance.us. Brooks will lead the exchange on May 1st and replace the company’s current lead, Catherine Coley. Binance has hired an individual with ties...
Ohio senator wants clarity for crypto tax reporting in proposed bill
20.4.2021
Senator Rob Portman said lawmakers were "still pulling in information" on crypto to formulate the bill, implying he announced it to the public prematurely
B2Broker Continues to Work Hard to Deliver a Full Suite of Technology and Liquidity Solutions
20.4.2021
PRESS RELEASE. B2Broker is a technology and liquidity provider serving clients in the crypto and foreign exchange (FX) industry with over 165 employees worldwide. Since setting out in 2014, the company has secured some of the most well-known global clients in the financial services industry...
Communist Party of Cuba Suggests Including Cryptocurrencies as an Alternative to Deal With Economic Crisis
20.4.2021
When a country faces a severe economic crisis or living in a long-lasting political turmoil, cryptocurrencies are often discussed as an alternative to deal with the tough times. Although cryptos are not an unfamiliar issue in Cuba, the Communist Party of Cuba (PCC) has been recently showing...
First Bank Caps Remittances in Bid to Block Kimchi Premium Opportunists
20.4.2021
One of South Korea’s biggest commercial banks, Woori, has fallen into line with government efforts to restrict the flow of money overseas in crypto purchases by imposing limits on remittances made to individuals and companies based in China.
Woori was the first to blink after the government...
Governments can stop Bitcoin by shutting down mining, says Electric Capital exec
20.4.2021
"If the U.S. stopped all the U.S. miners, Kazakstan stopped all the miners there — that kind of shuts down 80-90% of the hashrate pretty quickly," said Curtis Spencer
Shapeshift Reveals Platform Supports Unwrapped Swaps via Thorchain With No KYC
20.4.2021
Just recently, Shapeshift founder and CEO Erik Voorhees published a blog post about a new project called Thorchain, a protocol that allows for decentralized exchanges without wrapping or bridging technology commonly used today. Thorchain launched on April 13, 2021, and the Shapeshift founder...
Publicly-traded First Foundation invests in NYDIG as belief in digital assets grows
20.4.2021
The two companies also announced a strategic partnership that would allow First Foundation to provide clients with secure access to Bitcoin-related investment products
Biden Administration Developing Cryptocurrency Regulation — Treasury to Provide Direction to SEC
20.4.2021
The Biden administration is reportedly developing a regulatory framework for the cryptocurrency markets. The new chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, is waiting for direction from the Treasury to establish cryptocurrency regulation. New Crypto Regulation...
Bitcoin Booms Again; Demands Crypto from Consumers’ Banks
20.4.2021
Bitcoin or BTC is a renowned name in the crypto industry. The currency has been around for a long time, making the industry what it is today. In 2021, even amidst numerous cryptos around BTC is the most trusted name. Lately, BTC’s price has been fluctuating tremendously, but it finally rose again....
Paypal’s Venmo Launches Crypto Trading for 70 Million Users to Buy and Sell Cryptocurrencies
20.4.2021
Venmo has announced the rollout of its “crypto on Venmo” service, allowing over 70 million users to buy, sell, and hold four types of cryptocurrencies, including bitcoin, using the popular Venmo app. Venmo’s new crypto service further shows Paypal’s commitment to the crypto...
Bitcoin Fees Hit ATH, Transactions Slow Down after China Explosion
20.4.2021
Bitcoin (BTC) transaction fees have hit an all-time high after an explosion in Xinjiang, China, drove miners offline last week.
According to data from BitInfoCharts, the average (mean) fee is now USD 58.42, eclipsing the former record of USD 55.16 set in December 2017.
The drop in hashrate, which...
Bad omen? US dollar and Bitcoin are both slumping in a rare trend
20.4.2021
Bitcoin struggles to regain momentum despite the dollar falling to a seven-week low
Digital Money 2025: What You Could Spend, Where You Could Invest, and How You Could Borrow?
20.4.2021
Cryptocurrencies have been on an incredible trajectory over the past 12 months, with the total market capitalization growing from $198 billion in April 2020 to more than $2 trillion today. This meteoric rise is coupled with increasing adoption from consumers driven by major announcements from...
Bitcoin and Ethereum Approach Breakout Levels, Dips Turn Attractive
20.4.2021
Bitcoin price managed to stay above the USD 54,000 support zone. BTC started a fresh recovery wave and it climbed above the USD 55,500 level. It is currently (12:30 PM UTC) showing a few positive signs, but it could face hurdles near USD 56,500.
Similarly, most major altcoins are attempting a fresh...
South African Crypto Platform Revix Raises $4.1 Million
20.4.2021
The South African cryptocurrency investment platform, Revix, has reportedly raised about $4.1 million from its latest capital raise round. According to the firm, part of the raised capital will be used “to launch Revix’s mobile application, a variety of Fourth Industrial Revolution...
PayPal’s Venmo Rolls out Crypto Services for Bitcoin, Ethereum and More
20.4.2021
Source: Adobe/Игорь Головнёв
Venmo, the PayPal-operated peer-to-peer mobile payments app, has begun support for crypto – allowing users to buy, sell or hold bitcoin (BTC) and other coins – marking another leap forward into crypto for PayPal.
PayPal has previously stated that it was looking into...