On Monday, cryptocurrency exchange FTX.US won the bid to buy out Voyager Digital, a crypto investment firm that filed for Chapter 11 bankruptcy in July. Voyager has accepted the exchange’s $1.4 billion bid to be bought out, according to the announcement, beating out Binance and Wave Financial in a race to buy the bankrupted firm. “Voyager received multiple bids contemplating…
Month: September 2022
Binance Resumes Offering Futures Trading Products to South African Users – Emerging Markets Bitcoin News
One of the world’s biggest cryptocurrency exchanges by volumes traded, Binance, has said its futures products are now available to eligible South African users. In a message to its users, Binance suggested it has rectified issues with the regional regulator and that its activities in South Africa are now above board. Products Offered Unchanged Almost a year after Binance blocked…
Bitcoin gains 5% to reclaim $20K, eyes first ‘green’ September since 2016
Bitcoin (BTC) delivered long-anticipated volatility on Sep. 27 as a squeeze higher resulted in a push beyond $20,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price 9-day highs greet traders Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it added over 7% after the Sep. 26 close. Local highs of $20,344 appeared on Bitstamp before the pair…
Bitcoin, Ethereum Jump 6% as Market Hits $1 Trillion Mark
Crypto markets saw a sudden upward movement in the early hours on Tuesday as the price of Bitcoin (BTC) has once again reclaimed the $20,000 level. The leading cryptocurrency, which was trading below $19,000 on Monday, is up 6.4% over the past day, currently changing hands at a 10-day high of $20,199, according to data from CoinGecko. While investors hope…
Russia aims to use CBDC for international settlements with China: Report
Russia is in the pilot phase of its central bank digital currency development (CBDC), and new reports indicate that the country could use its national digital currency to settle international trade. According to a report published in Reuters, Russia is reportedly planning to use the digital rouble for mutual settlements with China by next year. The digital rouble is currently…
DeFi Protocol Phuture Launches Earn Product for Stablecoin USDC
Phuture and Notional are offering blood-red crypto markets a shoot of green. Phuture, a passive income-generating DeFi protocol, has launched its new yield-farming product dubbed “USV” (USDC Savings Vault) with “guaranteed” premium returns. USV, an ERC-4626 compliant vault, utilizes Circle’s USDC stablecoin as its underlying collateral, letting investors earn interest on their holdings. A vault in decentralized finance (DeFi) represents…
Nuclear and gas fastest growing energy sources for Bitcoin mining: Data
The electricity mix of Bitcoin (BTC) has drastically changed over the past few years, with nuclear energy and natural gas becoming the fastest growing energy sources powering Bitcoin mining, according to new data. The Cambridge Centre for Alternative Finance (CCAF) on Tuesday released a major update to its Bitcoin mining-dedicated data source, the Cambridge Bitcoin Electricity Consumption Index (CBECI). According…
Spanish Telecom Giant Telefonica Partners With Qualcomm to Develop Joint Metaverse Initiatives – Metaverse Bitcoin News
Telefonica, one of the largest telecom carriers in Spain, and Qualcomm, the fabless chip designer, have inked a partnership to advance joint extended reality and metaverse initiatives. Telefonica will use Snapdragon Spaces, a new technology from Qualcomm, to bring these metaverse experiences to its customers. The agreement also includes the possibility of pursuing joint commercial opportunities. Telefonica Partners With…
Almost everything could be tokenized in 5-10 years — Matrixport co-founder
In five to ten years, almost every “real world” asset class could be tokenized in the form of a nonfungible token (NFT) according to Cynthia Wu, co-founder of digital asset service platform Matrixport. Speaking to Cointelegraph, Wu said the best case for NFTs would see the widespread representation of real-world assets to be stored and traded on-chain: “Eventually all the…
Asia GameFi opportunity huge as gamers don’t hate NFTs
Animoca Brands co-founder Yat Siu thinks that GameFi has the biggest opportunity for growth in Asia, as gamers there don’t hold the same vitriol towards nonfungible tokens (NFTs) as they do in the West. Sitting down with Cointelegraph during Asia Crypto Week, Siu argued that Asia generally has more of a welcoming culture towards gaming and advancements in tech such…