Coinsfera’s OTC USDT Trading
OTC digital asset trading platform Coinsfera has added the ability to buy or sell stablecoin USDT in Dubai over the counter. The Coinsfera crypto OTC desk now allows customers to buy or sell USDT in cash without the use of a bank account or a credit card. A cryptocurrency exchange in Istanbul, Turkey, Dubai, United Arab Emirates, Kosovo, and so on...
Bitcoin Reaches $22,000
The cryptocurrency market has shown significant improvement over the past week. Major crypto assets posting gains of up to 70 percent. On Monday, the most crucial cryptocurrency token, BTC, had a rally that caused it to surpass the $22,000 barrier. The cryptocurrency giant, meanwhile, was outperformed by altcoins, as Polygon soared by more than 13 percent. In the past twenty-four...
Bitcoin’s Network Hash Rate Soared
The hash rate of the Bitcoin network reached a new all-time high. Having increased by 400 percent since China banned bitcoin mining last year. The Bitcoin network hashrate hit a new high, despite the world's most valuable crypto failing to surpass the $40,000 threshold. Thursday's hash rate hit a new high of 258 EH/s before settling at 220 EH/s on Friday...
Gamestop enters NFT
Throughout the last decade, GameStop's company has struggled as more and more people opt to buy video games online. Sony's decision to release a computer-only PlayStation 5 is indicative of a growing trend, and the company is looking to capitalize on the lucrative NFT industry, which was estimated to be $25 billion in 2017. Despite efforts from companies like Ubisoft and...
Circle Says USDC Stablecoin Is Backed by Cash
Stablecoin issuer Paxos released a thorough breakdown of all assets kept in reserve last week, and Circle has now followed suit. USDC stablecoin backer Circle has made public a thorough analysis of the assets behind its growing reserve. While Circle's unaudited Thursday report is a first for the firm, it's a remarkable demonstration of transparency. It was considering the increased scrutiny...
Shiba Inu Surpasses Bitcoin
Bitcoin's May-June 2022 crypto crisis hurt the volatile crypto market. From US$68k in November 2021 to US$17k in June 2022, the price has continuously declined. Bitcoin may be in the bear flag stage, but investors still expect a significant loss if it continues to drop. Shiba Inu has astonished crypto investors amid the crypto crisis. SHIB's value has been...
Celsius Declares Bankruptcy
After a significant decrease in stock price this year, the Celsius corporation is the most recent to initiate legal action. In the midst of the massive sell-off in cryptocurrencies this year, digital asset companies such as Celsius Network have filed for bankruptcy. It is known as one of the world's largest Bitcoin lenders. About a month after it froze customer assets...
OKX Exchange and Man City Partnership
There does not appear to be any effect of the present crypto market turbulence on sports sponsorships. The recently signed contract between Manchester City and OKX, a cryptocurrency exchange, reveals this. Man City is positive about its new partnership with OKX, a digital money exchange firm. Champions of the English Premier League (EPL), Man City, announced on Monday. OKX has...
Bear Market: Its Influence on Roboape and ETH
Due to the recent decline in the value of coins, the cryptocurrency market, which virtually the entire world has long tracked, has gained even more interest. Most cryptos lost value due to this bear market, which began with unanticipated developments and news from the world's commodity markets. As a result of this price drop, many inexperienced investors began selling out...
The $250M Acala Ecosystem Fund
The $250 million aUSD Ecosystem Fund will support startups that are developing applications with use cases for Acala's stablecoin. Acala collaborates with eight Polkadot parachain teams. Thus, they support a number of venture funds to establish a $250 million USD Ecosystem Fund. Moreover, they will use it to fund upcoming startups. They will focus on developing stablecoin applications on any...
