Day: February 16, 2022

Red Bull Racing Partners With Bybit, F1 Team Says It’s the ‘Largest per Annum Crypto Sports Deal to Date’ โ€“ Bitcoin News

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Red Bull Racing (RBR) has announced the cryptocurrency exchange platform Bybit has joined RBR as a principal team partner. According to the announcement, RBR says the deal is the โ€œlargest per annum cryptocurrency sports agreement to date.โ€ Red Bull Racing and Crypto Exchange Bybit Ink Multi-Year Deal On February 16, 2022, the Formula One racing team Red Bull Racing (RBR) revealed the firm now has a cryptocurrency-centric principal team partner. RBR has partnered with the exchange Bybit, and the deal is a multi-year agreement that allows Bybit to be a…

Bitcoin Sentiment Reaches Local High, But Canโ€™t Shake Recent Fear

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Last week, Bitcoin sentiment shifted to greed for the first time in four months, but has since fallen back down into fear territory amid the current geopolitical and macro uncertainties. Bitcoin Fear And Greed Index Slips Down From Four Month High As per the latest weekly report from Arcane Research, the crypto market sentiment has once again sunk down to fear after briefly entering greed last week. The โ€œfear and greed indexโ€ is an indicator that tells us about the general investor sentiment in the Bitcoin and wider crypto market.…

Not taking the time to learn about BTC is ‘Europeโ€™s biggest risk,’ says Belgian MP

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Christophe De Beukelaer is the first European politician to convert his entire salary to Bitcoinย (BTC). He kicked off 2022 with the bold move, hoping to raise awareness about Bitcoin and alternative monetary models, financial education and get people talking. De Beukelaer first got into Bitcoin and blockchain in 2017, and foresees a future in which Bitcoin and cryptocurrencies play a role as a โ€œcounterpart to the traditional financial world.โ€ He gave an interview to Cointelegraph to delve deeper into his vision for Bitcoin and his motivations behind being paid in…

Portal Removes The Need For Wrapped Tokens And External Custodians For Cross-Chain Asset Transfers

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Cross-chain bridges can unlock tremendous potential in the crypto world. But, unfortunately, this technology has certain issues and the wrapped tokens they use. Portal wants to change that narrative by removing the need for wrapped assets or third-party custody of user assets. Cross-Chain Bridges Are A Security Risk Those are the findings of Ethereum co-founder Vitalik Buterin, uttered last month. There is a good reason why Buterin uses harsh language, as cross-chain bridges are prone to 51% attacks. When such an attack occurs, hackers and other culprits control the system…

AVAX Enters Crypto Top 10, as NEO, THETA Also Gain โ€“ Market Updates Bitcoin News

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AVAX climbed into the cryptocurrency top ten on Wednesday, following a three-day winning streak. Todayโ€™s move comes as THETA and NEO were also higher, despite the current market uncertainty. Biggest gainers Although the majority of the crypto top 100 was underneath a red wave, there were a few exceptions, which managed to surf above this. These include NEO, and THETA which were up between 4-8% respectively, however, todayโ€™s most impressive bull was AVAX. The price of avalanche (AVAX) rallied for a third consecutive session, with todayโ€™s surge taking AVAX into…

Nomiswap, The New Decentralized Exchange (DEX) With The Best Fees And Benefits On The Crypto Space

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The demand for decentralized finances (DeFi) keeps rising with the ecosystem reaching $100 billion in total value locked (TVL) during 2021. However, users seek safe and secure options capable of providing different products to earn rewards without having to pay a fortune on fees. Running on top of the Binance Smart Chain (BSC), decentralized exchange (DEX) Nomiswap attempts to address this demand. The platform offers some of the lowest fees in the space with barely a 0.1% slippage for users to swap their token with the BSC BEP-20 format. Unlike…

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Fidelity International launches Bitcoin ETP on Deutsche Boerse

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Major financial services firm Fidelity International will be listing a Bitcoin exchange-traded product on the SIX Swiss Exchange and Germanyโ€™s Xetra digital stock exchange. According to a Tuesday announcement from Deutsche Boerse, a physical Bitcoin exchange-traded product, or ETP, from Fidelity International is now available for trading on the Deutsche Boerse Xetra and Frankfurt Stock Exchange under the ticker FBTC. In addition, the company reportedly said it planned to have the crypto investment vehicle listed on the SIX Swiss Exchange in the coming weeks. Fidelity Digital Assets will act as…

Snoop Dogg Plans to Turn Death Row Records Into the First NFT Music Label

โ€œDeath Row will be an NFT label, we will be putting out artists through the metaverse and a whole โ€˜nother chain of music,โ€ Snoop Dogg, whose given name is Calvin Broadus Jr., said, according to an audio recording of the call. โ€œJust like when we broke the industry when we were the first independent [record label] to be major, I want to be the first major in the metaverse.โ€ Source