Tag: Cryptocurrency

Current Announces Partnership With Acala To Create HyFi

Current, a leading US fintech company, announces its partnership with Acala, a decentralized finance platform built on the Polkadot network. With this partnership, they aim to establish a new category of hybrid finance (HyFi) combining both traditional and decentralized finance applications. To ensure the full trust of these products, Current will run its own infrastructure. Moreover, they will join the

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crypto

Bitcoin Can Now Pay for Luxury Yachts

Bitcoin can now take you to sea! A luxury yacht firm has just announced that it will now accept BTC payments for its services. It will also host mobile and web services on blockchain. The firm, Prime Experiences, is based in North America. It is co-founded by two Columbians, with over 15 years of experience. It has stated that it

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Elon Musk Loses World’s Second-Richest Rank as Tesla Dips

Based on Bloomberg’s report, Elon Musk has lost the second-richest position in the world. As Tesla’s CEO and founder of SpaceX, he lost his ranking after losing a total of $3.16 billion in one day. On another note, he lost his spot to the 72-year old LVMH Chairman Bernard Arnault. Musk’s fortune has dropped about $9.1 billion this year, while

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crypto

Tether To Go Live on High-Speed Avalanche

Tether revealed its initiative to expand beyond Ethereum to add a network option for traders to use. According to a press release on May 17, Tether will go live on for Avalanche’s DeFi ecosystem. Avalanche is a decentralized smart contracts platform created for t… This article was first published on coinquora.com Continue reading on CoinQuora We encourage you to use

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crypto

Swiss Bank to offer custody for Internet Computer

Switzerland-based cryptocurrency bank Sygnum is launching custody and banking services for Internet Computer (ICP) utility tokens. Sygnum announced on Tuesday that ICP holders will be able to deposit their tokens with the bank’s institutional-grade segregated wallets. The firm said that it is the first bank to offer storage for ICP utility tokens, which debuted trading on May 11. Continue Reading

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Bank of America Joins Paxos Blockchain Stock-Settlement Network

Wall Street is slowly, but surely adopting blockchain technology. Just recently, the Bank of America Corporation joined the Paxos Settlement Service created by the Paxos Trust Company. The service leverages blockchain technology to enable stock trade settlements within minutes instead of days. According to the official announcement, the Bank of America has already begun facilitating transactions internally in the past

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Bitcoin (BTC) Will Bounce Back Says 5 Analysts

Bitcoin (BTC) price dropped over 30% in a week from $59.3k to $41.9k, according to CoinGecko. This price drop made many crypto investors and analysts wonder whether BTC will recover from its loss. Let’s look into 5 analysts’ points of view on BTC. Firstly, Forex Live analyst Adam Button is bearish on BTC, however, specifically not crypto. Moreover, Button made

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crypto

BlockSwap Network Partners With Algorand for AlgoSaver

BlockSwap Network partners with Algorand. This collaboration helps both teams bring forward the AlgoSaver solution. However, the significant milestone to be considered by both teams is the sustainable saving market for mainstream clients providing 7% on USD deposits. Notably, the partnership is possible via the Algorand EU Accelerator. Out of 200 projects inflowing this accelerator, only 11 were able to

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Chinese trade associations sound crypto investment warning

The China Internet Finance Association has signed a joint statement with the China Banking Association and China Payment and Clearing Association, warning the public about the risks of investing in cryptocurrencies. According to a report by Shanghai Securities News on Tuesday, the aforementioned trade association under the People’s Bank of China issued a communique titled “Preventing the risk of virtual

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