Month: February 2022

Crypto News: BTC Rally, Wormhole Hack, ADA, LTC, SOL & More!!

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Consumer-merchant mismatch slows down mainstream crypto adoption: Survey

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The secret to fast-track cryptocurrency’s mainstream adoption lies within addressing a contradicted consumer demand for crypto payments across business verticals, reveals a new survey.  In a study participated by crypto exchange Crypto.com’s 110,000 customers and over 1.5 million Worldpay merchants, roughly 60% of both merchants and customers shared their interest in crypto payments. However, the consumer demand does not reciprocate the business verticals that accept cryptocurrencies. Industry appetite for crypto payments. Source: Crypto.com As evidenced above, the consumer demand for crypto payments exceeds merchant availability across four major industries —…

Ethereum Web3 Wallet Rainbow Raises $18 Million From Alexis Ohanian’s Seven Seven Six – Bitcoin News

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The team behind the Ethereum wallet Rainbow announced the project has raised $18 million in a Series A funding round led by Alexis Ohanian’s venture capital firm Seven Seven Six. The new financing that follows the startup’s $1.5 million seed round will allow Rainbow to focus on “onboarding the next 100 million users to Web3.” Ethereum-Based Rainbow Wallet Raises $18 Million Rainbow, a non-custodial Ethereum (ETH) wallet that’s available for iOS and Android devices has announced the team has raised $18 million in a Series A investment round. The announcement…

61% of Luxembourg financial players to embark on crypto journey in 2022: PwC

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In a bullish report released by professional services firm PwC Luxembourg, 61% of 123 Luxembourg-based financial players are “embarking or planning to embark on a crypto journey.” The report comes hot on the heels of competitor professional services firm KPMG Canada’s decision to add Bitcoin (BTC) and Ethereum (ETH) to its treasury. It appears the Big Four is warming up to crypto. Thomas Campione, blockchain & crypto-assets Leader for PwC Luxembourg, told Cointelegraph that “For many years, traditional players have been looking at crypto-assets with skepticism.” He added that a…

Red Bull Racing scores $150M sponsorship with Bybit

Following Red Bull Racing’s most recent wins at Formula One (F1), the racing team scores a three-year partnership with Singapore-based crypto trading platform Bybit for $50 million per year. According to the announcement, the fee will be paid in a combination of fiat and BitDAO (BIT) tokens. The company announced that the partnership aims to broaden the F1 team’s fan engagement through its capabilities as a crypto exchange. Bybit will act as an issuer of fan tokens and as a tech incubator for Red Bull Racing as part of the…

Here’s how much digital yuan used at Olympics, according to PBoC

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The 2022 Winter Olympics participants, visitors and organizers could be spending more than $300,000 in China’s digital yuan every day, according to new reports citing officials from the People’s Bank of China. The e-CNY, China’s central bank digital currency (CBDC), is being used to make 2 million yuan ($316,000) or more worth of payments each day, PBoC’s Digital Currency Research Institute director-general Mu Changchun said. The official provided the data during a webinar hosted by the Atlantic Council, Reuters reported Tuesday. “I have a rough idea that there are several,…

[LIVE] EVERYBODY IS MISSING THIS CRAZY BITCOIN SIGN!!!!!!!!!!!!!!!! BTC Price Prediction Analysis

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This Bitcoin and Cryptocurrency trading analysis applies to various exchanges, including Bybit and Binance. Tackling questions like if Bitcoin can reach all time highs again or how low BTC will crash. Things like the lightning network have provided huge improvements for BTC and while it is true that others like Roger Ver with Bitcoin Cash (bcash) may disagree, I do see these blockchain technology innovations to be very bullish fundamental signs for the space. ⚡️𝗢𝗙𝗙𝗜𝗖𝗜𝗔𝗟 𝗙𝗢𝗥𝗙𝗟𝗜𝗘𝗦 𝗖𝗛𝗔𝗡𝗡𝗘𝗟𝗦 (𝗧𝗘𝗟𝗘𝗚𝗥𝗔𝗠/𝗪𝗘𝗕𝗦𝗜𝗧𝗘)⚡️ 🚀 Forflies GOLD: 🚀…

Could the New York Stock Exchange become the next NFT trading venue?

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According to a regulatory filing with the U.S. Patent and Trademark Office, the NYSE, the world’s deepest and most liquid financial market, said that it plans to be a financial exchange for cryptocurrencies and NFTs that would compete with the likes of OpenSea and Rarible. Nevertheless, the NYSE had minted its first NFTs last year, in a move that digitally memorialized some of the exchange’s biggest IPOs, including Spotify, Snowflake and Roblox.   As recently as 2018, there was no shortage of cryptocurrency exchanges. At the height of the initial…

Youtube Seeks Web3 Director With Experience Trading Crypto, According to Recent Job Listing – Bitcoin News

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Youtube, the online video sharing and social media platform owned by Google, is hiring a director to work with Web3 technology, according to a job listing published on Linkedin. While Youtube requires 15 years of product management experience, the company prefers a candidate that is familiar with “buying, owning, and trading cryptocurrencies, NFTs, and tokens.” Youtube Looks to Hire a Web3 Director Both Youtube and its parent company Alphabet (Google) have plans to explore blockchain and Web3 technology. Last week, Bitcoin.com News reported on Alphabet (Google) revealing its plans, and…

‘Who remains to sell here?’

Bitcoin (BTC) broadly held levels at $44,000 and above on Feb. 16 amid fresh optimism that another macro low would be avoided.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView OBV sparks 2021 recovery comparisons Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rebounding after an overnight dip to $43,725 on Bitstamp. In a tightening range, the pair looked increasingly primed for a breakout up or down Wednesday, as support and resistance levels stayed within a short distance of spot. While fears that a stocks correction could cause fresh pain for…