Lawrence Summers: Crypto Could Play a Pivotal Role in Global Markets

At the present time, bitcoin is suffering like it never has before. The world’s number one digital currency by market cap has fallen into oblivion after trading at its highest level of approximately $64,000 per unit in April. It is now currently selling for about $37,000 per unit. Many analysts, it seems, are beginning to write the currency off, but according to former U.S. Treasury Secretary Lawrence Summers, bitcoin and other cryptocurrencies could very well live up to their “digital gold” status in the coming years. Lawrence Summers Thinks Highly of Crypto While the role of crypto in digital economies…

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XRP Price Analysis: 25 May

From the peak of $1.70, XRP’s value has plunged by nearly 40%. The fall has rendered many investors in loss, but the market has been striving to push the value of the coin above $1. However, the short-term chart suggested that XRP was forming a restricted range and may continue moving sideways. At the time […]

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South Korea Set to Launch CBDC Pilot Platform

South Korea has made significant progress towards development of its digital currency. South Korea’s central bank has revealed it will be launching its CBDC pilot program. The move represents the country’s latest efforts to develop a central bank-backed digital currency — the digital won. The bank has stated it will conduct tests to see how […]

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Virtue Poker Signs Strategic Partnership With FunFair Wallet to Power its Latest Poker Platform

Virtue Poker, a decentralized poker platform that was built on the Ethereum ecosystem, has announced a strategic partnership with FunFair wallet to power its latest poker platform that is ostensibly MGA licensed. According to the firm, the partnership will enable the seamless onboarding of new customers. Notably, users will now get a chance to create their FunFair digital wallet, thus a seamless transition to the game menu after funding the account. “Within the dapp itself, FunFairs solution enables users to create their digital wallet where they can conveniently convert both fiat currencies to VPP as well as the crypto to…

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Fund Manager One River Files SEC Prospectus for Carbon Neutral Bitcoin ETF

On Monday, the crypto asset fund manager One River filed a unique bitcoin exchange-traded fund (ETF) registration with the U.S. Securities and Exchange Commission (SEC). According to the Form S-1 filed, One River wants to list a carbon-neutral bitcoin ETF on the New York Stock Exchange (NYSE). One River’s Bitcoin ETF Aims to Provide a Fund That Offsets Carbon Emissions Associated With Bitcoin Mining Carbon-neutral bitcoin mining has been a topical conversation these days within the cryptocurrency community. One River is taking bitcoin funds to a different level by registering for a carbon-neutral bitcoin ETF with its partner the carbon…

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Layer-2 Focused Cryption Network Raises $1.1 Million, Aims to Ease DeFi Participation for Retailers

Cryption Network has raised $1.1 million in a funding round co-led by Master Ventures, GravityX Capital, and CMS Holdings, as per a press release on May 25. Established Crypto Funds and Executives Participated The DeFi platform, which aims to provide a more accessible channel for retail investors pushed to the edge by volatility and complexity Read More

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Interview: Banking On Bitcoin With Banq

On this episode of the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with the cofounder, CTO and CPO of Banq.com, Kevin Lehtiniitty. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast On this episode of the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with the cofounder, CTO and CPO of Banq.com, Kevin Lehtiniitty. Banq.com is a new neo-bank built on top of Bitcoin. Banq is a subsidiary of Prime Trust, which builds a tremendous amount of financial infrastructure in the Bitcoin exchange space. Banq is a new way for people to live and…

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Mark Carnegie and Sergey Sergienko’s new brainchild, the MHC Fund, is set to take the world of Crypto Finance by Storm 

Mark Carnegie is a household name in the world of Finance. And thanks to an unlikely collaboration with Sergey Sergienko, a star entrepreneur in the worlds of Finance, Blockchain and recruiting, he is about to become a household name in the world of Decentralized Finance (DeFi) as well. Mark Carnegie’s MH Carnegie & Co., sporting Read More

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Decentralization Under Threat As Biden Administration Considers Implementing Bitcoin ‘Guardrails’

The Biden administration is reportedly exploring the possibility of installing guardrails on cryptocurrency following a number of meetings in which the crypto space was the subject. Bitcoin and other digital currencies are under intense scrutiny at the moment, with the market’s recent behavior garnering quite a lot of attention. The IRS has already moved to install new regulations requiring all cryptocurrency transactions exceeding $10,000 to be reported. And, according to a report from the Washington Post, officials from the Biden administration have been “studying potential gamps in oversight” as it pertains to cryptocurrencies and whether they can be used to…

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Blockchain-Startup Dotmoov Onboards Football Legends Luis Figo and Ricardo Quaresma as Brand Ambassadors

Blockchain startup dotmoovs has announced Portuguese football legends Luis Figo and Ricardo Quaresma as brand ambassadors. This move, according to dotmoovs will help provide added exposure to its app.  dotmoovs made this known in a press release today and offered added details. According to the report, the two players will help the startup promote the Read More

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Ethereum poker dApp Virtue integrates FunFair Wallet to enhance gameplay

CryptoNinjas » Ethereum poker dApp Virtue integrates FunFair Wallet to enhance gameplay Virtue Poker, a decentralized poker platform that uses the Ethereum blockchain to provide an online poker app that’s safe, honest, and fun, today announced it has chosen FunFair Technologies’ non-custodial wallet solution to power their new MGA licensed poker dApp. The FunFair Wallet solution enables users to create their unique wallet within the dApp itself. From here, users can easily convert both fiat currencies to VPP (Virtue Poker’s native token which is used to play) as well as other cryptos to VPP. “When we were looking at possible…

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Binance Coin Price Analysis: 25 May

Although Binance Coin investors were still receiving almost 800% profits year-to-date, the recent dump in the market has pushed the token under its immediate support. At the time of press, BNB was witnessing a rising selling pressure and was trading at $310. Binance Coin hourly chart BNB met with the first level of resistance at […]

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Introducing the Unicrypt Network: New Website Better Services

Unicrypt is a Defi platform launched in 2020 to ensure proper service provision in crypto. There was a need for a reliable crypto launchpad, which does not discriminate against projects. Unicrypt introduced a decentralized launchpad which has already helped over a dozen projects, including Graphlinq. The launchpad uses autonomous systems to ensure that all upcoming projects get a fair opportunity to go mainstream.  Recent statistics show that the platform had around 653k visitors in May, and the numbers are continually increasing. Unicrypt is launching a new website as the team plans to go public in a few weeks. The launch…

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Rumors of cryptocurrency’s death are still greatly exaggerated

Published by Philippine Star Thomas L. Knapp (The Philippine Star) – May 26, 2021 – 12:00am Elon Musk is a man of many skills. He didn’t just make electric cars sexy, he sent one to space. Perhaps chief among his talents is the ability to roil markets by running his mouth. Lately, he’s aimed that […]

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China to Intensify Crackdown On Crypto Mining Operations

Huobi and BTC.TOP have said they will suspend services in reaction to the crackdown, even as Bitcoin remains lodged below $40k. Bitcoin miners have been impacted by renewed efforts by the Chinese government to crack down on cryptocurrency mining businesses in the country. According to Reuters, crypto miners Huobi, HashCow and BTC.TOP have all announced […]

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Cryption Network Raises $1.1 Million In Latest Private Funding Round

Cryption Network, a crypto platform built for retail traders, announced it had completed its private funding round, which raised $1.1 million. The funding round attracted numerous investors, including CMS Holdings, GravityX Capital, Master Ventures, GenBlock, Ascensive Assets, X21 Digital, AU21, WaterDrip Sandeep Nailwal of  Polygon, and Humayun Sheikh of Fetch.ai. Notably, the funding round was led by Master Ventures, GravityX Capital, and CMS Holdings. Tejas Chitnis, CEO of Cryption Network, explained: “We are humbled to have received such unprecedented demand from investors and support for the ecosystem. This round illustrates a high degree of confidence in our project from the crypto…

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Crypto Platform Currency.com Welcomes Steve Gregory to its Senior Leadership Team

European-based cryptocurrency trading platform Currency.com has announced the appointment of Steve Gregory as the head of its United States business. According to the firm, Gregory is a former Chief Compliance Officer and Corporate Counsel at the global spot market exchange, CEX.io, and also worked at Gemini Trust. The firm tapped on his expertise and experience to lead it through the U.S and Canadian market. Gregory who is based in Net York will act as the Chief Executive Officer of Currency Com US LLC, the US subsidiary of Currency.com. “I am very excited to join the team here at Currency.com, especially…

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DFINITY launches $200M+ developer grant program for the ‘Internet Computer’ ecosystem

CryptoNinjas » DFINITY launches $200M+ developer grant program for the ‘Internet Computer’ ecosystem The DFINITY Foundation, a not-for-profit organization created to build, promote, and maintain the ‘Internet Computer’ a public computing platform powered by blockchain, today announced the launch of the Internet Computer Developer Ecosystem Program to support network development. For this first cohort, a total of CHF 200 million ($223M million USD) is ready to be deployed to crypto entrepreneurs and developer teams. The program is accepting applications at dfinity.org/grants. Focus Areas For This Grant Program Include: Canister Development Kits (CDKs) and Agents. Developer Tooling (i.e. IDEs, debuggers, logging…

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