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Day: December 15, 2020
How did the Turkish crypto ecosystem survive 2020?
Turkeyโs crypto and blockchain ecosystem welcomed 2020 with big ambitions and a strong track record from 2019, which was its best year ever in terms of adoption. Following the release of Statistaโs โGlobal Consumer Survey 2019,โ which lists Turkey as a global leader by a wide margin in terms of crypto use, one major crypto exchange after another announced plans to set up shop in the country. Huobi and Binance established their offices in Istanbul, Turkeyโs biggest city and business center. Big players from Europe like Crypto.com and Bitpanda showed…
VaultSwap Announces Its Token Sales and Exchange Listings
PRESS RELEASE. Swapping cryptos on an exchange can be incredibly inefficient, as no exchange has all the coins in one fold. VaultSwap โ a project by Jason Wright, which is also the CEO zenomatrix.net โ intends to offer a solution to this problem. It has several high-paying investment schemes that reward investors for their confidence in the project. What Is VaultSwap? VaultSwap is a blockchain-powered exchange and Yield Farming where you can swap one cryptocurrency for another. VaultSwap is completely decentralized, as it also supports staking applications. Some of the…
Bitcoin May Have Hit Wall of Profit Takers Around $19,500: Analyst
Bitcoinโs ascent above $19,500 was cut short early on Tuesday, possibly due to profit taking by large Asia-based investors, according to one analyst. The top cryptocurrency fell from $19,555 to $19,035, with most of the drop unfolding during the two hours to 06:00 UTC, according to CoinDesk 20 data. โI think Asian whales sold around $19,500 causing prices to drop,โ Ki Young Ju, CEO of South Korea-based blockchain analytics firm CryptoQuant, told CoinDesk. He highlighted an increased inflow of coins onto the crypto exchange heavyweight Huobi Global, which has a…
Tesla Stock Up 4.89% on Monday, Tesla Now More Valuable Than 9 Auto Companies Combined
The growth and rally behind Tesla stock take its backing from the perception of the company by its investors and not necessarily on its auto sales. Electric vehicle manufacturer Tesla Inc (NASDAQ: TSLA) has made headlines again as its stock closed with a 4.89% rise on Monday. Following the recent gains, Tesla market capitalization has now surged by about $500 billion in 2020, a figure that now makes it more valuable than the top 9 largest auto manufacturing companies combined. According to a report by CNBC, the nine largest automobile…
Kadena Onboards Celoโs Dollar Stablecoin, Plots January Launch for Decentralized Exchange
Hybrid blockchain maker Kadena said Tuesday it is collaborating with fintech firm Celo to put its U.S. dollar stablecoin, cUSD, on Kadenaโs platform using a trustless bridge. Kadena said that in addition to the bridge, the blockchain platform will wrap its native KDA token on Celoโs platform. This will allow both Celoโs cUSD stablecoin and Kadenaโs KDA token to operate on each otherโs platforms, the company said.ย That will allow KDA token holders to participate in collateralizing Celoโs stablecoin and thereby earn revenue. Source
Coinstar Expands Its Coinme Bitcoin ATMs to 40 States across US
Coinstar kiosks are evenly distributed and currently accessible by about 90% of the American population. Supermarket kiosk company, Coinstar has announced to have extended the reach of its Bitcoin ATMs powered by Coinme to about 40 states in the US. In addition, its Coinme ATMs are now 5000 across the various Coinstar kiosks. According to the Chief Executive of Coinme Neil Bergquist, close to 25% of the total Coinstar kiosk fleets can now access the Bitcoin ATMs. In his statement, the Coinstar kiosk is evenly distributed and currently accessible by…
Mt. Gox trustee files draft rehabilitation plan
On Dec. 15, Mt. Goxโs trustee Nobuaki Kobayashi filed a draft rehabilitation plan to refund Mt. Gox users. According to an official announcement posted on Mt. Gox website, the Tokyo District Court and an examiner will review the draft rehabilitation plan and determine whether to proceed with the rehabilitation proceedings as part of the draft rehabilitation plan. The move comes shortly after Kobayashi received another approval to extend the deadline for submitting a rehabilitation plan in October 2020. As reported, the Tokyo District Court extended the deadline until Dec. 15,…
Ripple XRP WARNING!!! The CRASH Is Coming! (Stock Market Dump 40%)
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MassMutual’s Bitcoin (BTC) Investment Can Create $600B Institutional Demand
JPMorgan strategists note that if all big fund houses and institutional giants start allocating even 1% of their assets to Bitcoin, it can create an additional inflow of $600 billion in the worldโs largest cryptocurrency. The latest $100 million Bitcoin investment from MassMutual has sparked interest among institutional players. Although several institutional players have previously made big bets on Bitcoin, MassMutual is probably the first insurance giant to get Bitcoin exposure. Having analyzed this situation with BTC, JPMorgan strategists wrote: โMassMutualโs Bitcoin purchases represent another milestone in the Bitcoin adoption…