Day: November 3, 2021

Bitcoin Price Pump! $98,000 November 2021?

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Looking Into Ethereumโ€™s Economic Future

This article originally appeared in Valid Points, CoinDeskโ€™s weekly newsletter breaking down Ethereum 2.0 and its sweeping impact on crypto markets. Subscribe to Valid Points here. While weeks and months in crypto often feel like years, it has only been 60 days since the hard fork that contained EIP 1559 was implemented on Ethereumโ€™s mainnet. A world of data regarding EIP 1559 has surfaced, but ultimately the upgrade is still in its infancy. In fact, a few weeks ago, I wrote about Nic Carterโ€™s somewhat overly eager Ethereum takeaways and…

Major Thai Bank SCB Acquires 51% Stake in Cryptocurrency Exchange โ€“ Finance Bitcoin News

Siam Commercial Bank, one of the largest banks in Thailand, is acquiring a 51% stake in a cryptocurrency exchange. The acquisition will help the bank โ€œcreate new growth value in the long term amid a new financial world,โ€ said the CEO of the bank. Major Thai Bank Becoming Majority Shareholder of Cryptocurrency Exchange Thailandโ€™s oldest lender, Siam Commercial Bank (SCB), announced Tuesday that its subsidiary, Siam Commercial Securities Company Ltd. (SCBS), is acquiring a 51% stake in local crypto exchange Bitkub for 17.85 billion baht ($536 million). SCB is the…

Huobi wants to send someone to space for its 8th birthday

Huobi Group, a major global blockchain company behind the worldโ€™s third-largestย cryptocurrency exchange by trading volume, is celebrating its eighth birthday in a somewhat unusual way. The company will hold a series of events as part of its eighth-anniversary celebrations, including giveaway promotions and a space travel ticket, Huobi told to Cointelegraph on Wednesday. Huobi will hold a contest that will offer one lucky winner an experience to literally travel into space. All Huobi Global users across the world are eligible to participate in a free contest but there are certain…

International Cricket NFTs to Hit Flow Blockchain Following $17M Seed Round

โ€œWeโ€™re excited to be partnering with Faze to launch the ultimate cricket fan experience with the ICC on Flow,โ€ Dapper Labs CEO Roham Gharegozlou said in a press release. โ€œWith over one billion cricket fans across ICCโ€™s 105 member nations, Faze is revolutionizing how cricket fans everywhere connect and engage with some of the greatest moments in cricket history.โ€ Source link

Over 140 million people have digital yuan accounts, says PBoC head

Chinaโ€™s trials with central bank digital currency (CBDC) show no signs of slowing down, as the updated numbers for October 2021 were revealed at Hong Kong Fintech Week. Set out to replace cash in day-to-day transactions, the digital yuan (e-CNY) is gaining traction among individuals and corporates alike, according to the Peopleโ€™s Bank of Chinaโ€™s (PBoC) Digital Currency Institute head Mu Changchun. Speaking at the conference on Wednesday, Mu said the number of individual digital yuan accounts hit 140 million, while corporates created another 10 million accounts. While the official…

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Cryptocurrency trading platform Crypto.com to debut UFC NFTs

On Tuesday, crypto trading and payments firm Crypto.comย revealed the release of the first authorized UFC nonfungible token (NFT).ย  According to the news release, the UFCโ€™s new NFT series will include digital collectibles such as fight night paintings, event posters, championship belts, fighter personas and avatars. On Thursday, the collection of NFTs known as โ€œUFC 268 Packsโ€ will be made available. The upcoming bout โ€œUFC 268: Usman vs. Covington 2โ€ will be represented by this eventโ€™s fight posters and belt designs. The NFTs will be accessible for purchase to fans โ€œwhile…

Chinaโ€™s CBDC Has Been Used for $9.7B of Transactions

Chinaโ€™s central bank digital currency (CBDC) has been used to conduct 62 billion yuan ($9.7 billion) of transactions as of end-October. A Peopleโ€™s Bank of China (PBOC) official said Wednesday that 140 million people had opened wallets for the digital yuan, or โ€œeCNY,โ€ according to a report by Reuters. Mu Changchun, director-general of the digital currency institute of Chinaโ€™s central bank, told Hong Kongโ€™s Fintech Week conference that over 1.5 million merchants could accept payments using eCNY wallets. In addition, 10 million corporate accounts have been created, Bloomberg reported. The…