Sam Bankman-Fried’s cryptocurrency exchange FTX plans to establish a “substantial presence” in The Bahamas. Source link
Category: News
El Salvador Buys More Bitcoin — Country Now Holds 700 BTC – Featured Bitcoin News
El Salvador, the country that made bitcoin legal tender alongside the U.S. dollar, has purchased more bitcoin. The Salvadoran government now holds 700 coins, according to President Nayib Bukele. El Salvador Buys the Dip El Salvador’s president, Nayib Bukele, announced early Monday morning that his government has purchased 150 more bitcoins. The country’s bitcoin law went into effect on Sept.…
Bitcoin ‘heavy breakout’ fractal suggests BTC price can hit $250K–$350K in 2021
The analogy appeared in anticipation that Bitcoin could post a 2017-like bull run, in which the price rose by more than 1,900%. Source link
Ethereum killers or just pretenders? But Ether remains king for now
The term “Ethereum killer” is beginning to pick up the pace once again in the cryptocurrency markets as the native tokens of several competing blockchain networks are posting significant gains during September. For any alternative network to be considered as a part of this category, it needs to have one essential feature that serves as the backbone of the Ethereum…
Top 5 cryptocurrencies to watch this week: BTC, DOT, LUNA, ATOM, FTT
Bitcoin price is struggling to flip $48,000 to support, but the steady protocol developments taking place in DeFi projects could lead to further upside from DOT, LUNA, ATOM and FTT. Source link
El Salvador acts on Bitcoin price dip and buys 150 BTC
Despite warnings from global agencies regarding its adoption of Bitcoin (BTC), El Salvador’s government continues to seize market opportunities. As the Bitcoin price fell below $46,000 on Monday morning, Salvadoran President Nayib Bukele announced on Twitter that the country has “bought the dip.” With 150 new coins, the Central American government now holds 700 BTC, worth close to $32 million at…
‘We are at war’ with crypto, says Turkish President Erdoğan
Turkey is eager to become a blockchain hub as a country with one leg in Europe and another in Asia. However, the same passion doesn’t apply to cryptocurrencies, as Turkish President Recep Tayyib Erdoğan reiterated recently.Erdoğan hosted a question-and-answer event in Mersin, Turkey with youth from across the country. An attendant referred to the Digital Turkish Lira Collaboration Platform announced…
Crypto.com expands insurance program to cover $750M
Digital currency exchange Crypto.com has expanded its insurance policy to cover up to $750 million worth of digital assets, offering an additional layer of protection for the platform’s 10 million users. The new policy, effective since Sept. 6, is backed by Arch Underwriting, a division with Lloyd’s Syndicate 12, the company announced Monday. The policy, which includes both direct and indirect…
Thai SEC issues license to Ethereum-based real estate project
The Securities Exchange and Commission of Thailand has a license to an asset-backed token offering service based on the Ethereum blockchain.Fraction, a wholly owned subsidiary of the Hong Kong-based fintech firm Fraction Group, has received a license allowing it to list and trade tokens for fractional ownership of physical or digital assets, the firm announced Thursday.The license was granted through the…
Fortune launches philanthropic fund for journalism on Ethereum
American business magazine Fortune has launched a new decentralized donations fund alongside nonfungible token (NFT) artist Pplpleasr, with proceeds earmarked for independent journalists and programs that foster journalistic integrity. The new Fortune Journalism PleasrFund was launched on the Ethereum blockchain through Endaoment, a charity-focused decentralized autonomous organization, the company announced Monday. So far, the fund has been allocated 214.55 Ether (ETH),…