Dogecoin’s +450% hike: Explaining the unexplainable

Like Bitcoin and Ethereum, many of the market’s other cryptos were also victims of a corrections wave over the past week. However, one crypto seemed to be swimming against the tide and was the exception to the general market rule – Dogecoin. In fact, while many of the market’s top cryptos have fallen hard over […]

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UAE To Deploy Blockchain For Notary And Authentication Services 

The United Arab Emirates Government has disclosed its plans to adopt blockchain technology for use in the notary and authentication services offered by the Ministry of Justice. This move is said to be part of the government’s efforts in providing advanced digital services to residents. UAE’s Digitally Transforming Government Services According to the Emirates News Agency, the use of blockchain tech will cut down on the time, effort, and expenditure spent by the UAE’s Ministry of Justice in authenticating and verifying contracts and documentation. The acting under-secretary of the Ministry of Justice, Chancellor Dr. Saeed Ali Bahbouh Al Naqbi, said…

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Binance US Appoints Former OCC Head Brian Brooks as CEO

Brian Brooks, the acting head of the Office of the Comptroller of the Currency (OCC) under Donald Trump’s administration, noted in a Wall Street Journal report today that he would be working as Binance US CEO on May 1, 2021.  Brooks’ Career at the OCC During his tenure as acting head at the OCC, Brooks was friendly toward cryptocurrencies despite Trump’s public dislike for the asset class, especially Bitcoin.  The regulator’s support for crypto assets earned him the title “CryptoComptroller” across various social media platforms. One of the measures he took in support of cryptocurrencies was to allow financial institutions in…

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Binance Hires Legacy Bank Regulator Brian Brooks

Major bitcoin exchange Binance has hired former U.S. Treasury official Brian Brooks, who oversaw pro-Bitcoin regulation while in office. Binance, one of the world’s biggest bitcoin exchanges, has reportedly hired former Acting Comptroller of the Currency Brian Brooks as the chief executive of its U.S. affiliate Binance.US. Brooks is set to assume the new role beginning May 1. From May 2020 to January 2021, Brooks served in the Donald Trump administration as the lead of the Office of the Comptroller of the Currency (OCC), a branch of the U.S. Department of the Treasury that is charged with supervising and regulating…

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Dogecoin Flips XRP As Fourth Largest Cryptocurrency

One-time disregarded meme coin Dogecoin (DOGE) has thrown many investors in disbelief, replacing XRP as the fourth-largest coin early Monday. Dogecoin Rally Continues The digital asset created in 2013 as a parody to Bitcoin has risen to a new ATH of $0.43 early Monday, according to Coinmarketcap.  This means that the meme coin has extended its previous week’s rally of $340%. Dogecoin has relegated the payments-focused XRP as the fourth-largest cryptocurrency following its new ATH to market capitalization.  During the period, Doge’s market capitalization was above $54 billion, according to Messari.  On the other hand, XRP’s market value stood at…

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Users Can Now Buy Or Sell Crypto Using PayPal’s Venmo

Venmo, the social payment arm of the online payments giant PayPal, has now officially made it possible for users to hold, sell and buy cryptocurrency through the use of the mobile app. ‘Crypto on Venmo’ is the name given to this service, as had been announced by PayPal itself. This service will begin to be implemented from here on and shall be made available to 70 million users worldwide, who can all take advantage of the service with the Venmo app throughout the upcoming weeks. Much like PayPal, the Venmo offering is made possible via the Paxos Trust Company partnership,…

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Uniswap, XRP, Binance Coin, THETA Price Analysis: 20 April

The last 7 days have seen Bitcoin, the world’s largest cryptocurrency, at its most volatile, with BTC falling down the charts after hitting an ATH of over $64,500 on the charts. Thanks to its correlation with the rest of the market, many of the market’s alts depreciated too, with the latter reversing course after surging […]

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Cardano Is Seeing Exponential Spike In Developer Interest Ahead Of Smart Contract Launch

The Cardano network is set to soon launch one of its most anticipated updates,  the Alonzo hard fork. This update, which is enabled by the Plutus platform, will bring smart contract functionality to the ecosystem. In the run-up to the Alonzo upgrade, the Cardano ecosystem is seeing an uptick in developer interest. Upcoming Smart Contract Launch Draws “HUGE” Developer Interest  Cardano is popularly touted as the “Ethereum Killer”  that will ultimately steal the market that ethereum currently boasts. Notably, many other projects like Solano and Polkadot aim to dethrone ethereum, but Cardano is arguably the leading contender so far. Cardano,…

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Eftpos reveals plans to power Australian smart cities with blockchain tech

Eftpos revealed its plans to use distributed ledger technology to power smart cities and self-driving vehicles during the Australian Blockchain Week conference. Australia’s leading point of sale tech provider Eftpos Australia has revealed ambitious plans to roll out blockchain-powered autonomous vehicles and smart cities in Australia built using Hedera’s Hashgraph. Speaking on April 20 as part of the Australian Blockchain Week, deputy chair of Blockchain Australia and Eftpos’ entrepreneur in residence, Robert Allen, discussed the firms’ intention to use distributed ledger technology for advanced infrastructure, among other applications: “We're going to be looking at smart cities [...] We're going to…

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5 Things To Know About Cryptocurrency

Due to the rapid advancement of technology, people all over the world continually adapt to more convenient and hassle-free ways of working, communicating, and shopping. It’s also because of that same development that companies—be they start-ups or established entities—and consumers alike may no longer prefer paying in cash.  This inclination has given way to many contactless payment methods like PayPal. With just a few clicks on their mobile phone, consumers are now able to pay for products and services. Recently, a new form of payment has taken the world by storm: cryptocurrency. But what exactly is cryptocurrency? To help you…

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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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Die 9 verrücktesten Kryptowährungen

Der Hype rund um Bitcoin hat aktuell die Mainstream-Medien erreicht. Doch Bitcoin ist nur eine von tausenden Kryptowährungen, die aktuell am Markt erhältlich sind. Selbst [...] Der Beitrag Die 9 verrücktesten Kryptowährungen erschien zuerst auf Kryptoszene.de.

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South African Crypto Platform Revix Raises $4.1 Million

The South African cryptocurrency investment platform, Revix, has reportedly raised about $4.1 million from its latest capital raise round. According to the firm, part of the raised capital will be used “to launch Revix’s mobile application, a variety of Fourth Industrial Revolution (4IR) investment opportunities.” Furthermore, Revix says it also plans to use part of these funds to finance the firm’s expansion into the European Union. According to a report that shares details of the crypto platform’s future plans, Revix also intends to “offer a behavioural loyalty and rewards programme, where customers can earn points that can be redeemed for…

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XRP lawsuit update: In motion to intervene, XRP holders state SEC doesn’t represent their interests

Deaton Law Firm’s attorney Attorney John Deaton filed a motion to intervene on behalf of XRP holders in Ripple’s legal battle with the U.S Securities and Exchange Commission on April 19, 2021. In the latest memorandum of law, Deaton argued in support of the motion. He stated, “The SEC allegations are riddled with material misrepresentations […]

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Viberate and Blockparty Propose World’s First “Live Performance NFT” Concept

If validated, the concept of blockchain-backed contracts could transform how artists manage their bookings. Per their joint announcement, blockchain-based music research and analytics platform Viberate and the Blockparty digital asset marketplace will be launching a special NFT featuring the rights to a live performance and other exclusive content by one of Viberate’s founders, renowned Techno Read More

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