Category Archive: Cryptocurrency, No picture
Bank of Ghana Aims to Bolster Economy with CBDC Pilot
Key Takeaways The Bank of Ghana has announced a CBDC pilot starting in September. Launching a CBDC in Ghana could help improve the economy and financial services. The central bank said cryptocurrency technology is “very laudable.” This news was brought to you by Phemex, our preferred Derivatives Partner. The Bank of Ghana has announced that […]
Synthetix Jumps 25% on Ethereum Layer 2 Launch News
Key Takeaways Sythetix Network’s native token has surged 150% since hitting a bottom last month. The most recent surge of 25% came over the weekend after the team confirmed it would launch on Optimism this month. SNX is aiming for over 100% gains, pending a bullish consolidation around current resistance levels at $12. This news […]
El Salvador Bitcoin Move Could Clog Network: JPMorgan
Key Takeaways JPMorgan has published a report indicating that Bitcoin adoption in El Salvador could place pressure on the network. However, Layer Two solutions are already in place to reduce network congestion. Rumors suggest the Salvadoran government is launching its own Bitcoin wallet with Layer Two integration. A team of analysts at JPMorgan has expressed […]
$8 Million Lost in Major ChainSwap Exploit
Key Takeaways ChainSwap suffered an exploit last night, resulting in $8 million worth of losses. The attacker sold several tokens available on the protocol through decentralized exchanges, meaning they tanked in value. ChainSwap has paused its Ethereum to Binance Smart Chain bridge and pledged to airdrop new ASAP tokens to holders. This news was brought […]
Opinion: Binance Won’t Be Harmed by U.K. Banks
Key Takeaways Binance is unlikely to be harmed by U.K. bank restrictions. Binance saw normal variation in trading volume this week, while its native token outperformed BTC and ETH. The U.K. makes up little of Binance’s user base, and it is not clear that other countries will impose similar policies. This Exchange News was brought […]
Bullish to Go Public with $9 Billion SPAC Merger
Key Takeaways Bullish plans to list on the New York Stock Exchange through a business merger with Far Peak Acquisition. The merger values the exchange at $9 billion. It’s expected to take place by the end of 2021. Block.one has raised $300 in PIPE financing on top of previous capital raise for the SPAC deal. […]
Steve Wozniak: Bitcoin is “Amazing Mathematical Miracle”
Apple co-founder Steve Wozniak showed support for Bitcoin during a presentation at a tech conference Thursday. Steve Wozniak Believes in Bitcoin Steve Wozniak has expressed support for Bitcoin, calling it a “mathematical miracle” better than gold. Talent Land Jalisco 2021, a conference for tech entrepreneurs, invited the Apple co-founder to be a main speaker at […]
BIS, IMF, World Bank Planning for Interoperable CBDCs
This news was brought to you by Phemex, our preferred Derivatives Partner. A joint committee of the BIS Innovation Hub, the International Monetary Fund (IMF), and the World Bank has proposed keeping interoperability in mind while designing central bank digital currencies (CBDCs) to foster the growth of cross-border payments. Interoperability Between CBDCs Several leading international […]
Survey Indicates Most Salvadorans Have Bitcoin Doubts
Key Takeaways A Disruptiva survey found that most Salvadorans disapprove of the government’s new Bitcoin legislation. Additionally, 46% of respondents said they knew “nothing” about Bitcoin. The Salvadoran government will need to provide more education for its citizens regarding Bitcoin adoption. A survey conducted by pollster Disruptiva found that 54% of Salvadorans did not approve […]
Square Will Launch Bitcoin Hardware Wallet: Jack Dorsey
This news was brought to you by Phemex, our preferred Derivatives Partner. Digital payments company Square will build a Bitcoin hardware wallet, the company’s team has confirmed. Square Pushes Bitcoin Custody Square wants to bring Bitcoin custody to a broader audience. Jesse Dorogusker announced that the company would build a non-custodial hardware wallet in a […]
