Category Archive: Cryptocurrency, No picture
China Rolls Out 3,000 Digital Yuan ATMs
Key Takeaways China has added support for the digital yuan at 3,000 ATMs in Beijing. China has conducted lotteries to boost the popularity of its digital currency. It’s distributed more than $40 million worth of digital yuan so far. China, the United Arab Emirates, and other partners are developing a global payment network based on […]
Sichuan Orders Shutdown on 26 Bitcoin Mining Farms
Key Takeaways Sichuan’s energy authorities have ordered a complete shutdown of mining activities in the region. Sichuan was the last of the three major Bitcoin mining regions in the country. Bitcoin’s total hashrate has dropped 30% since the nationwide crackdown began. Mine Crypto Sichuan’s government has passed an order to shut down 26 Bitcoin mining […]
Canadian Bitcoin Miner Bitfarms Secures NASDAQ Listing
Mine Crypto Beginning Monday, the Nasdaq stock exchange will list the shares of Canadian Bitcoin miner Bitfarms. Nasdaq to List Bitfarms Bitfarms has cleared the DTC eligibility for securing a Nasdaq listing. DTC is the world’s largest securities depository which acts as a market marker for exchanges. Bitfarms will begin trading on Nasdaq on Jun. […]
Paraguay Official Plans to Legislate Bitcoin Next Month
Key Takeaways Carlitos Antonio Rejala Helman, a Paraguay official, is planning to introduce Bitcoin legislation in July. Rejala Helman previously hinted at this in June, when he suggested a project involving Bitcoin and PayPal. One of Paraguay’s top entertainment companies, Grupo Cinco, is also planning to accept Bitcoin and other cryptocurrencies. This news was brought […]
Ren Bridge Adds Support for Bitcoin on Solana
This news was brought to you by ANKR, our preferred DeFi Partner. A tokenized version of Bitcoin is now available on Solana via Ren’s bridge. Ren Integrates Solana Ren has launched a bridge to Solana. The project announced the integration Thursday, remarking that “Solana brings a unique set of features to the Layer One space, […]
Iron Finance Denies Rug Pull After Token Collapse
Key Takeaways Iron Finance’s TITAN, which backs the algorithmic stablecoin IRON, collapsed after a massive selloff last night. The price crash likely occurred because of IRON’s pegging mechanism depending on arbitrage. The team has denied allegations of a rug pull, and will let IRON holders redeem the stablecoin for USDC. This news was brought to […]
Kraken CEO Expects Stock Market Listing by End of 2022
Key Takeaways Kraken’s CEO Jesse Powell told Bloomberg that the firm could go public in the next 12 to 18 months. He also commented on the state of the market, remarking that “weak hands” are selling rather than long-term holders. He added that Elon Musk’s comments on Bitcoin’s energy usage are misguided, which prompted a […]
Wedbush Will Use Paxos Network to Settle Stocks
Paxos welcomes another big player. Wedbush Joins Blockchain Settlement Network Wedbush, a U.S. investment firm with roughly $2.4 billion in assets under management, is leveraging blockchain technology to settle stocks. The firm has joined the Paxos Network, following the likes of Bank of America, Credit Suisse, Nomura’s Instinet, and Societe Generale to leverage the project’s […]
McLaren Racing Taps Tezos to Launch NFT Platform
Key Takeaways McLaren Racing is partnering with Tezos to build an NFT platform for fans. It will include the team’s Formula One, INDYCAR, and esports pursuits. The Formula One team selected Tezos as its partner because of the blockchain’s low carbon footprint. McLaren Racing team members will wear Tezos branding at Formula One races. Another […]
World Bank Denies El Salvador Help With Bitcoin Plans
Key Takeaways The World Bank has denied El Salvador’s request for technical assistance in adopting Bitcoin due to environmental and transparency concerns.. President Nayib Bukele asked the World Bank for help in implementing Bitcoin transactions. El Salvador became the first country to made Bitcoin legal tender last week. The World Bank has refused to assist […]
