Bitcoin price dipped approximately 6.6% in the past 24-hours according to metrics provided by CoinGecko. Bitcoin price experienced a sharp decline on March 24 to trade below $52k, consequently, its market cap dipped below the $1 trillion levels to approximately $968 billion at the time of writing according to CoinGecko. However, Bitcoin’s daily trading volume remains high as it was around $62.9 billion. Right before yesterday’s dip, Bitcoin had pumped to highs of $57k, which was attributed to the announcement by Tesla Inc (NASDAQ: TSLA) that it will accept Bitcoin…
Day: March 25, 2021
Skrill Digital Wallet Partners with Coinbase to Ventrue into US Market
Skrill digital wallet users in the selected states can now purchase Bitcoin, Ethereum, Bitcoin Cash, and Litecoin through Coinbase. Paysafe Group Limited subsidiary Skrill digital wallet has partnered with Coinbase to venture into the United States crypto market. Through the partnership, Skrill digital wallet customers across 37 states and territories can now access the crypto market through the Coinbase cryptocurrency exchange. Paysafe through Skrill has taken notable steps to venture into the United States market. Mind you, the company is responding to increased demand in digital payments fueled by the…
Acquiring Tesla Car with Bitcoin? Think Twice as IRS May Be Onto You
Acquiring Tesla cars with BTC by residents of the United States may not be as fun-filled as it can be for Bitcoin holders that reside in other nations per the tax considerations. Elon Musk, the Chief Executive Officer of electric vehicle company Tesla Inc (NASDAQ: TSLA), broke the internet yesterday when he revealed the firm has integrated payment gateways that will allow acquiring a Tesla car with Bitcoin (BTC) possible. The news was not just welcomed with open arms, it has been reiterated as one of the major milestones for…
Theta Postpones Its Mainnet 3.0 Launch Fueling Its Native Coin’s Price Plunge
THETA, the blockchain network’s native token, took a nosedive when the scheduled postponement was revealed. Theta, a blockchain network purpose-built for esports video streaming has announced it will be delaying its Mainnet 3.0 launch till June 2020. According to details shared in a blog post, the postponement of this highly anticipated launch was necessary to perfect all of the features that will accompany the upgraded platform. Theta highlighted that to make the Elite Edge Nodes, one of the primary features on track to be released in the Mainnet 3.0, operate…
Dfinity Launches Its Mainnet Beta Release Candidate 1 on March 30
Dfinity has launched its Internet Computer network to create an open internet system and drive a diversion from Big Tech and closed infrastructure. Blockchain tech startup Dfinity has launched an important part of its network, called the ‘Infinity Computer.’ In a publication written by President and Chief Scientist, Dominic Williams, the Internet Computer is the world’s first blockchain capable of web speed and capacity increase without bound. Describing the Dfinity mainnet further, Williams states that the Internet Computer can “host any volume of smart contract computations and store any quantity of data”. The…
Tidal to Launch Balancer LBP Following 500x Oversubscribed Polkastarter IDO
Place/Date: – March 25th, 2021 at 12:05 pm UTC · 3 min read Source: Tidal Finance Tidal Finance, a high-yield insurance platform, offers the ability to hedge against the failure of a DeFi protocol or asset. While reinventing the way decentralized insurance works, Tidal Finance plans to attract participation from the community through a Balancer liquidity bootstrapping pool on 25th March. The Tidal IDO on Polkastarter was oversubscribed by 500 times garnering massive support from the community. Backed by KR1, Hypersphere Ventures, Spartan Capital, Kenetic Capital, QCP Capital and AU21…
Bitcoin Rewards Company Lolli Raises $5M from Serena Williams, Others in pre-Series A Round
The newly-raised funds bring Lolli’s total funding to $10.25 million. Before now, the company raised $5.25 million in two rounds. Bitcoin rewards company Lolli recently generated $5 million in a pre-Series A round involving a number of prominent investors and American professional tennis player Serena Williams. Lolli announced details of the pre-Series A round on the 24th of March. Serena Williams Backs New Funding for Lolli According to the announcement, the funding round was backed by Serena Willams’ Serena Ventures and her husband Alexis Ohanian’s Seven Seven Six Ventures and…
US Stock Market Remains Upbeat as Fed Chairman Shows Optimism on Economic Recovery
The US Treasury Secretary Janet Yellen said that the banks are in a healthy condition and could pay dividends and repurchase stocks. The Biden administration is further mulling a $3 trillion stimulus for economic recovery. On Wednesday, March 24, the US stock market remained upbeat during the trading hours. Fed Chair Jerome Powell and Treasury Secretary Janet Yellen shared and optimistic for the US economic recovery from the Coronavirus pandemic. Thus, the economy-linked industrial and financial stocks surged north. The Wall Street indexes have been on a topsy-turvy ride over…
China’s DiDi Targets Upcoming IPO at $100 Billion Valuation
To achieve the targeted $100 billion valuation, DiDi should secure $10 billion from selling 10% of its shares. Transport company DiDi Chuxing Technology Co is aiming for a $100 billion valuation after its upcoming initial public offering (IPO). Also, the company is considering New York over Hong Kong for the public offering. A reliable source also said that DiDi is eyeing a secondary listing in Hong Kong. DiDi Eyes $100 Billion Valuation after IPO in New York In a report, Reuters noted that the details on DiDi’s expected valuation and IPO…