Day: November 13, 2020

BitPay Launches New Mass Crypto Payout Service BitPay Send

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BitPay CEO Stephen Pair stated that the company considers this new platform as an ideal payment solution for international companies engaged in the gig economy. Crypto payment service provider has unveiled its new payment service BitPay Send to enable all business sizes to make payments via crypto. In its official press release, the company explained that the new payment platform would facilitate large and small businesses to use cryptocurrency in delivering payments to contractors, vendors, affiliates, employees, customers, among others. Businesses can use it to complete payroll payments, process customer…

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Binance Introduces Unifi Protocol DAO (UNFI) as 8th Project on Binance Launchpool

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Binance has highlighted that its users can stake their Ethereum, BNB, and BUSD in different pools of choice to earn new Unifi tokens. Cryptocurrency exchange Binance has today announced that it has introduced Unifi Protocol DAO (UNFI) on its Binance LaunchPool as its eighth project. According to Unifi Protocol’s white paper, the project is dubbed as ‘a group of non-custodial, interoperable, decentralized, and multi-chain smart contracts providing the building blocks for the next generation of DeFi development.’ Unifi on Binance LaunchPool Binance has highlighted that its users can stake their…

The Crash of Emerging Markets Did Not Slow The Numbers

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According to DeFi Pulse, the total value locked in decentralized applications to date comes at about $13.69 billion, a remarkable growth from the $11.184 billion locked at the end of October. Impressive growth has been recorded in the decentralized finance (DeFi) ecosystem despite the imminent crashes the market has experienced. According to a report by Cointelegraph, blockchain analytics firm, Dune Analytics released data shows that DeFi applications in total saw a growth of 55% in its user base from the beginning of October up to Nov. 9, 2020. DeFi creates…

First Mover: Why the Fed Cares About Remote Working – And What It Means for Bitcoin

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Bitcoin was lower after surging nearly $600 on Thursday to climb above $16,000 for the first time in almost three years.   “Investors should plan for volatility as well as price appreciation,” the blockchain analysis firm Chainalysis wrote in a newsletter.  In traditional markets, European shares fluctuated and U.S. stock futures pointed toward a higher open as investors weighed prospects for a new stimulus package against record coronavirus cases. Gold strengthened 0.1% to $1,879 an ounce.  Market moves Federal Reserve Chair Jerome Powell has been sticking with his talking points lately. It…

Akropolis DeFi Platform Hacked for $2 Million in DAI

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Ana Andrianova, the Akropolis founder and CEO, has denied allegations that the latest attack was done similarly to the one DeFi protocol Harvest Finance encountered in October. Akropolis is the latest decentralized finance (DeFi) project to be hacked through flash loans. The Gibraltar-based DeFi platform runs a protocol that generates interest on pooled Ethereum-based assets. The latest reports reveal that hackers managed to exploit saving pools and got away with over $2,051,159 in DAI stablecoins. They later moved the funds to a different address away from Akropolis. The project announced:…

Tesla CEO Elon Musk Tests Both Positive and Negative to COVID-19

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SpaceX founder and CEO of Tesla Inc (NASDAQ: TSLA) Elon Musk has tested both negative and positive to COVID-19. Musk announced the test results on the 12th of November in a tweet. Something extremely bogus is going on. Was tested for covid four times today. Two tests came back negative, two came back positive. Same […] SpaceX founder and CEO of Tesla Inc (NASDAQ: TSLA) Elon Musk has tested both negative and positive to COVID-19. Musk announced the test results on the 12th of November in a tweet. Something extremely…

Belarus’ largest bank reportedly launches crypto exchange service

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Belarusbank, the largest financial institution in Belarus, is reportedly launching a cryptocurrency exchange service. According to a Nov. 12 report by local news agency Prime Press, Belarusbank is rolling out a service allowing users to exchange cryptocurrency using a Visa payment card. As reported, the new service enables trading crypto against fiat currencies like the Belarusian ruble as well as the United States dollar and the euro. Belarusbank executives reportedly said that the launch of the new crypto service comes in line with the company’s digital transformation program that was…

Why Traders Growngly Expect Bitcoin “Reaccumulation” At $15K Before Next Run

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The price of Bitcoin (BTC) surpassed $16,000 with strong momentum and has remained above the resistance-turned-support area since the initial breakout. Yet, traders are turning slightly cautious, anticipating a “reaccumulation” trend in the near term. The term reaccumulation refers to investors gradually rebuying Bitcoin after a massive rally. This allows the dominant cryptocurrency to consolidate, rebuild momentum, and neutralized the overheated market. There are several reasons to expect a reaccumulation trend or consolidation could occur in the foreseeable future. These factors are historical cycles, greed in the market, and high…