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Waves, Celo, and Injective Protocol (INJ) breakout as DeFi reawakens

Strong future growth prospects and new institutional investments appear to be backing the rally in WAVES, INJ and CELO. Bitcoin (BTC) extended its relief rally on Tuesday and reclaimed a market capitalization above $1 trillion. While many traders panicked during Bitcoin’s recent fall below $47,000, fund manager Dan Tapiero said that he spotted a rare TD sequential buy signal during the low. The last time this signal was seen was in March 2020 when Bitcoin price traded near $3,600. Tapiero believes Bitcoin remains on target to reach $100,000 this year. However, even after the recent rise above $55,000, Bitcoin’s market…

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Why alts like Binance Coin, Pancake Swap, CELO and Monero are standing out this week

Several altcoin rallies have offered double-digit returns to traders this bull season. The altcoins that were least expected to rally have offered high returns like Binance Coin [BNB], Pancake Swap [CAKE], CELO and Monero [XMR]. Since the weekend, these altcoins have consistently rallied. Though top altcoins like XRP, ADA, and DOT are leading the way. […]

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Deutsche Telekom Partners Celo To Provide Accessible Services For DeFi Users

German telecom giant Deutsche Telekom has announced a new partnership with US-based blockchain payments firm Celo. Deutsche Telekom Enters DeFi Market Deutsche Telkom has bought a significant share of Celo’s native utility tokens CELO to improve and engender the adoption of decentralized finance (DeFi) on a wide scale.  This investment is a roadmap in making DeFi tools and services more accessible to customers using smartphones. Deutsche Telekom invested through its venture arm, the Telekom Innovation Pool (TIP). However, the Bonn-based company did not stipulate how much it invested in the Celo ecosystem but stated that it is the first telecommunication…

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Deutsche Telekom Invested In Celo’s Crypto Network Infrastructure

The popular phone giant Deutsche Telekom invested in Celo’s Crypto network to improve and develop the crypto infrastructure as we are about to read in our latest crypto news today. The new deal will see Deutsche Telekom support and build the Celo infrastructure while Celo’s co-founder says more companies from the telecommunications industry will start investing in crypto. In a first-of-its-kind investment, Deutsche Telekom announced that it will buy tokens that were issued by CELO which is a startup that specializes in offering crypto on mobile phones. The German telecom giant didn’t disclose the size of the investment but the…

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Deutsche Telekom invests in mobile DeFi platform Celo

Deutsche Telekom has become the first telecom firm to join the Celo Alliance for Prosperity. Deutsche Telekom, one of the largest telecom providers in Europe, has invested in blockchain payments platform Celo to support the development of decentralized finance. The telecom giant has made a “significant purchase” of Celo’s native token CELO through its strategic investment fund, the Telekom Innovation Pool, Celo announced Tuesday. The firm did not specify the size of the investment. In conjunction with the investment, Deutsche Telekom has joined the global Celo Alliance for Prosperity — Celo’s ecosystem and a network of over 130 members including…

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Bitcoin Holders Can Get Access to Mobile-Based DeFi on Celo

The Celo blockchain platform which is designed for financial applications is now creating a bridge to Bitcoin using its ERC-20 token tBTC. Bitcoin pegged ERC20 token tBTC is an ERC20 token pegged to Bitcoin that allows holders to become a part of decentralized finance solutions of the Ethereum blockchain. Celo also wants its Bitcoin holders to use the token on its platform. tBTC and The Celo Foundation. cLabs CTO Marek Olszewski said, “We selected tBTC as the safe way to establish a bridge between BTC holders and the Celo community. We share the core values of the teams behind tBTC…

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CELO Breaks Five-Day Losing Streak With a 30% Rebound; What’s Next

CELO was among the few cryptocurrencies that posted gains in the last 24 hours. The 34th-largest crypto token surged by 30 percent to hit $4.60, its highest level in more than a week. Traders jumped in to the CELO market after Coinbase Pro, a US-based cryptocurrency company, listed its trading instruments on its trading platform. Coinbase said in its Thursday blog post that its customers can now buy, sell, convert, send, receive, or store CGLD (it is the same ticker as CELO) across all its supported regions. The announcement opened a fiat-liquidity gateway for CELO traders – they will now…

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Celo price spikes 32% after Coinbase listing

The Celo platform utility token can now be traded on Coinbase and Coinbase Pro. Coinbase, the largest cryptocurrency exchange in the United States, will now offer support for Celo — an announcement that led to a 32% price surge in less than two hours. According to a Sept. 3 blog post from Coinbase, the exchange now supports the utility and governance token for the Celo platform. Coinbase this week also announced that UMA would be available for trading on Coinbase Pro starting on Sept. 8. The exchange appears to be prioritizing support for tokens for projects in which it is…

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Nigerian Bitcoin Exchange YellowCard Raises $1.5 Million

Yellow Card has raised $1.5 million in a seed round as the project expands beyond Nigeria. The seed round saw YellowCard receive investments from Polychain, VC firm Andreessen Horowitz, and Celo. YellowCard started as a bitcoin gift card platform and has evolved into a cryptocurrency exchange with over 30,000 merchants. According to figures from the platform, it has processed more than $35 million in transactions. Recently, YellowCard has been expanding across the continent, entering South Africa and Botswana. In recent social media updates, YellowCard has indicated plans to expand into Kenya and Cameroon in September. View this post on Instagram…

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Nigerian Crypto Startup Yellow Card Raises $1.5 Million For Expansion in Africa

Yellow Card has raised $1.5 million in a seed round. The Nigerian crypto startup said it will use the money to expand its operations in Africa while making it easier for people on the continent to buy and sell digital assets. Investors in the new round include Polychain, venture capital firm Andreessen Horowitz, and Celo, through the Celo Ecosystem Fund. In a statement, Yellow Card said it intends to “become the dominant exchange across the continent.” The company recently expanded into South Africa and Botswana and added 30,000 new vendors. “Along with the fundraise, Yellow Card is announcing that it…

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CELO Explodes 55% In a Day on Coinbase Listing; Correction Ahead?

CELO outperformed every major and minor asset class as its price exploded by more than 50 percent in just one day of trading. The utility token for the smart contract platform, Celo, rocketed to an all-time high of $20 on Bittrex from a meager $3. That extended the upside by almost 500 percent until a quick pullback of an equal proportion took back a large portion of those intraday gains. That brought the price back to modest levels near $4.5, still up about 55 percent for the day. CELO topped at $20 briefly before correcting by more than 80 percent.…

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Celo explodes on Coinbase Pro listing announcement

CELO is up more than 50% in less than one day after Coinbase Pro listed it. Major U.S. cryptocurrency exchange, Coinbase Pro, has announced it will list the native token of blockchain platform Celo (CELO). Other Celo markets have responded enthusiastically, with the coin gaining roughly 55% over both USD and BTC over the past 24 hours as CELO rocketed into new all-time highs above $2.70. As of this writing, CELO is changing hands for $4.45.  CELO/USDT - Bittrex - 1D: TradingView Coinbase Pro will begin accepting CELO deposits from August 31, with trading slated to commence from 9 am…

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The Celo Foundation Gives Away $1 Million To Blockchain Companies

The Celo foundation gives away $1 million to blockchain companies including MIT, IDEO Colab Ventures and McCafi as a part of the goal to create a more positive economic future so let’s find out more in the latest blockchain news today. The Celo foundation gives away $1 million worth of fundings for blockchain companies and organizations and the applications recently rose by 400%. The foundation announced to be awarded several companies that contribute to the Celo ecosystem and the purpose is to create a financial ecosystem that creates prosperity. One of the ways this can be achieved is by granting…

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OKEx Added CELO And DMG Tokens, Tries To Expand DeFi Portfolio

OKEx added CELO and DMG tokens as a part of the crypto exchange which marks another step closer to the expansion of the DeFi portfolio as we are reading more in the latest altcoin news today. OKEx is another step closer following the listing of the new tokens belonging to emerging DeFi projects and the two new cryptocurrencies DMG and CELO were listed on July 16th with spot trading against USDT and BTC going live on July 17th. CELO is the utility asset of Celo which is a mobile blockchain solution that makes financial tools accessible for everyone. Celo offers…

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OKEx Added CELO And DMG Tokens, Tries To Expand DeFi Portfolio

OKEx added CELO and DMG tokens as a part of the crypto exchange which marks another step closer to the expansion of the DeFi portfolio as we are reading more in the latest altcoin news today. OKEx is another step closer following the listing of the new tokens belonging to emerging DeFi projects and the two new cryptocurrencies DMG and CELO were listed on July 16th with spot trading against USDT and BTC going live on July 17th. CELO is the utility asset of Celo which is a mobile blockchain solution that makes financial tools accessible for everyone. Celo offers…

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