Day: November 3, 2021

El Salvador to build 20 ‘Bitcoin Schools’ with surplus from Bitcoin Trust

The government of El Salvador is embarking on its next Bitcoin-related project which involves building schools using profits the nation has made on the asset. Profits or the “surplus” from the state’s Bitcoin Trust account will be channeled into the construction of 20 schools according to President Nayib Bukele. On Nov. 2, the Press Secretary of the Presidency tweeted: “When this project was started, we had not made as much money in FIDEBITCOIN [state BTC Trust account] as we have made now. So we have decided to make the first…

MMA Entertainment Firm UFC to Launch Exclusive NFT Series With Crypto.com – Blockchain Bitcoin News

On Tuesday, the digital asset exchange Crypto.com announced the launch of the first official Ultimate Fighting Championship (UFC) non-fungible token (NFT) collectibles. The new NFT series will feature UFC digital collectibles that showcase fight night artwork, event posters, championship belts, and athlete profiles. UFC to Drop Official NFTs for Usman vs. Covington 2 Fight During the first week of July, Bitcoin.com News reported on Crypto.com partnering with UFC in a ten-year deal worth $175 million. At the time, sources disclosed that the deal was the UFC’s largest sponsorship deal to…

Bitcoin Regains Traction, Why BTC Could Struggle To Continue Higher

Bitcoin price was able to clear the $62,500 resistance against the US Dollar. BTC could correct lower if altcoins continue to gain momentum in the near term. Bitcoin is facing resistance near the $63,500 and $64,250 levels. The price is now trading well above $62,500 and the 100 hourly simple moving average. There is a key bullish trend line with support near $62,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower if there is a downside break below the $62,500 support.…

JPMorgan says BTC’s ‘fair price’ is $35K… but it still expects crypto to ‘outperform’

American multinational investment bank JPMorgan has put a price on Bitcoin and it is a lot less than the asset currently trades for. In a report to investors as part of the bank’s inaugural outlook focused on alternative investments, strategists stated that alternative assets which include cryptocurrencies “should continue to outperform into 2022.” They also asserted that Bitcoin’s “fair value” is around $35,000 based on the firm’s price model, which roughly 45% lower than its current trading price of $63,281. Nevertheless a price target of $73,000 seems reasonable should the…

Coinbase to Improve Customer Support in US and India by Acquiring AI Platform Agara – Exchanges Bitcoin News

Coinbase is acquiring an AI-powered support platform Agara in an effort to deliver “world-class support for customers.” The exchange explained that “Through this acquisition, we’ll be able to provide our customers with new personalized, intelligent, and real-time support options.” The acquisition also reconfirms Coinbase’s strategy to build out its tech hub in India. Coinbase to Improve Customer Support With AI Platform Cryptocurrency exchange Coinbase announced Tuesday: Today, Coinbase is announcing that we are acquiring Agara, an AI-powered support platform with operations in India and the US. “We plan to leverage…

Commonwealth Bank First in Australia to Offer Crypto Services

Commonwealth Bank will be the first in Australia to offer crypto services to customers, the bank said in a Wednesday statement. The bank will offer a crypto exchange and a custody service in collaboration with Gemini and intelligence firm Chainalysis. Customers will have access to 10 digital assets, including bitcoin, ether, bitcoin cash, and litecoin. Commonwealth Bank will integrate Gemini’s crypto exchange into its app through an exclusive partnership, the bank’s CEO Matt Comyn said in the press release. The offerings will start next week as a pilot. Commonwealth Bank…

Commonwealth Bank to enable crypto trading for 6.5M Aussies, ‘other banks will follow’

The Commonwealth Bank of Australia (CBA) is set to launch crypto trading services for the 6.5 million users of its CommBank app. The CBA will become the first bank in Australia to support crypto, and Blockchain Australia said it is “inevitable” that the other “big four” banks, including National Australia Bank (NAB), Australia and New Zealand Banking Group (ANZ) and Westpac, will soon follow suit. According to a Wednesday announcement, the CBA has partnered with the Gemini crypto exchange and blockchain analysis firm Chainalysis to launch its crypto services. The…

Pro-Bitcoin Miami Mayor Says He Will Take Next Paycheck 100% in BTC – News Bitcoin News

The mayor of the U.S. city of Miami says that he is going to take 100% of his next paycheck in bitcoin and become the first American politician to accept a salary in cryptocurrency. The mayor is currently trying to build his city into a bitcoin capital of the world. US Politician Wants to Be Paid in Bitcoin The pro-bitcoin mayor of the U.S. city of Miami, Francis Suarez, tweeted Tuesday that he is going to take 100% of his next paycheck in bitcoin. His statement was in response to…