Macro uncertainties keep traditional investors from following LFG’s lead in accumulating bitcoin at current valuations. Original
Bitcoin Slips Under $42K as Mounting Macro Risks, Dollar Strength Overshadow LFG Purchases
Day: April 11, 2022
RSK Is Transforming The Bitcoin Network Into A Go-To Destination For Stablecoins And DeFi
In recent years, stablecoins have become wildly popular throughout the crypto universe due to their inherent feature that safeguards investors from the volatility of the crypto market. They are used for various use cases and exist across different blockchain platforms. Until recently, stablecoins, decentralized finance (DeFi), non-fungible tokens (NFTs), and other similar smart contract-powered primitives weren’t available on the Bitcoin network. However, with the emergence of RSK, the first smart contract platform secured by the Bitcoin network, Bitcoin die-hards can now access the limitless opportunities in DeFi, including stablecoins, without…
POR ESTO💥 es MUY probable el IMPULSO ALCISTA en BITCOIN
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Hong Kong’s OneDegree Inks Deal with Reinsurer Munich Re to Launch Digital Asset Insurance
As crypto’s market cap pushes past $2 trillion and makes its way onto the balance sheet of many institutional investors and corporations, Hong Kong insurer OneDegree has announced a deal with Munich Re, one of the world’s largest reinsurers, to offer a new digital asset insurance product. Source
Crypto Trading Volumes in India Collapse 10 Days After New Taxes: Crebaco
“April 1, 2, and 3 were holidays. Since then volumes are continuing to fall. I don’t think this will return. This has created a new benchmark. It can go further down or sideways but it is unlikely to go back up. It is clear that the new tax has impacted the market negatively. The government must look into this and because there is no way to stop this (crypto), the government should embrace the technology,” he said. Source
Luxury Car Dealer Dutton to Accept Cryptocurrency Payments
Dutton Garage partners with CoinSpot. Australians can now purchase cars from Dutton Garage, a luxury and prestige card dealer using cryptocurrencies. Take Advantage of the Biggest Financial Event in London. Via Coinspot over the counter (OTC) system, Australians can buy cards from Dutton in over 30 different cryptocurrencies. These cryptos include Bitcoin and Ethereum. Coinspot OTC does not require public order books, which is minimizing exposure to market volatility with large transactions (at least AUD$ 500,000). Gary Howells, the Chief Product Officer at CoinSpot said: “As Australians continue to look…
Bank of Spain Reminds Public Cryptocurrency Purchases Can Be Blocked in Certain Cases – Bitcoin News
The Spanish central bank, Bank of Spain, has warned users about certain actions banks can take if they detect cryptocurrency purchases. In a post published on its web page, the institution explains that traditional banks have the ability to block these transactions if they suspect there are suspicious circumstances involved, such as those related to identity theft or money laundering. Bank of Spain Explains Crypto-Related Account Restrictions The Bank of Spain has issued a post explaining to users the potential actions that commercial banks can take when detecting…
Investcorp Rolls out First Institutional Blockchain Fund in the Gulf
Investcorp, a global manager of alternative investment products, has launched the first institutional blockchain fund in the Gulf Cooperation Council (GCC) aimed at propelling a blockchain-powered digital evolution. Dubbed Lydian Lion, the blockchain fund also has a global investment mandate. It will be mainly rolled out to early-stage companies within the blockchain ecosystem in areas like data analytics, decentralized finance, platforms and exchanges, and blockchain infrastructure. Gilbert Kamieniecky, the head of Investcorp’s technology private equity business, noted that the fund would be a stepping stone towards more innovations in the…
AC Milan launches NFT collection, Magic Eden accepts Solana projects’ tokens and more
Italian professional soccer club AC Milan will be releasing its first-ever nonfungible token (NFT) project in collaboration with the BitMEX crypto exchange. Proceeds will go to Fondazione Milan, the clubs’ charity arm. The limited-edition collection will feature 75,817 NFTs, a number representative of the capacity of the club’s home ground, San Siro stadium. It will depict a 3D image of a jersey found in South Sudan by Danish war photographer Jan Grarup who was in the country documenting widespread flooding last December. BitMEX partnered with AC Milan to contribute to…
AC Milan launches NFT collection, Magic Eden accepts Solana projects’ tokens, and more
Italian professional soccer club AC Milan will be releasing its first-ever nonfungible token (NFT) project in collaboration with the BitMEX crypto exchange, with proceeds going to Fondazione Milan, the clubs’ charity arm. The limited-edition collection will feature 75,817 NFTs, a number representative of the capacity of the club’s home ground San Siro stadium, and will depict a 3D image of a jersey found in South Sudan by Danish war photographer Jan Grarup who was in the country documenting widespread flooding last December. BitMEX partnered with AC Milan to contribute to…