Day: April 18, 2022

Crypto Exchange EXMO Exits Russia, Sells User Base There to Unnamed Buyer

The announcement goes on to say that EXMO “decided to sell the digital assets business in Russia and Belarus.” EXMO is also giving up its users in Kazakhstan since the new owner is based there. The structure of the deal is unclear, as EXMO hadn’t been operating as a separate legal entity in Russia. Maria Stankevich, EXMO’s chief business development officer, told CoinDesk that what’s being sold is “around a million users, software, intellectual property and [much] more.” Source

Acorns Investing- NOW HAS BITCOIN?! (Surprise update to Acorns 2022)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Well that was unexpected! Acorns now has Bitcoin! The investing app that is so great for beginners has suddenly added the availability of cryptocurrency investing in the form of a Bitcoin ETF that tracks the price of the coin that is so popular. For now there are no other cryptos offered but I have a suspicion that they may change that in the future! Whether you are interested in cryptocurrencies or not, this is a worthwhile thing to understand if you are…

Kevin O’Leary-backed WonderFi to acquire Canadian crypto exchange Coinberry for $38.5M

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WonderFi Technologies, a decentralized finance (DeFi) platform, plans to continue its expansion in Canada by purchasing the Coinberry crypto exchange for $38 million. The platform will be the second regulated crypto exchange under WonderFi once the acquisition is finalized.  The firm recently closed its acquisition of Bitbuy’s parent company First Ledger Corp. for $162 million. In an interview, Kevin O’Leary mentioned that there will be “several more and even bigger” acquisitions that are on the way.  O’Leary also highlighted that the company is competing on the global stage while making…

Dvision Network to Launch the Third Land Sale on Shopify Utilizing Both Polygon Network and BNB Chain – Press release Bitcoin News

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press release PRESS RELEASE. Dvision Network has announced the third LAND Sale to be conducted on both the Polygon Network and the BNB Chain. The most exciting aspect of the third LAND Sale is that 50% of the available LAND NFTs will be sold through the Shopify Marketplace. Moreover, the LAND NFTs pre-minted on Polygon Network will be accessible on Shopify for purchase with credit cards, whilst the LAND NFTs pre-minted on BNB Chain will be accessible on Dvision Marketplace for purchase with DVI tokens. The third LAND Sale officially…

Inside Terra’s $2.38 Billion Reserves, What Made The Lineup?

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Terra (LUNA) has been aggressive about filling up its reserves with trusted cryptocurrencies to serve as a backup for its stablecoin UST. This has evolved over time to include a number of various cryptocurrencies that now make up its reserves sitting at $2.38 billion. This is still a long way from where the Luna Foundation plans for its reserves to be, making it a work in progress. In this report, we take a look at these reserve currencies and the portion allocated to each one. Diving Into Terra’s Reserves As…

What is driving institutions to invest in crypto? BlockFi’s David Olsson explains

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In an interview with Cointelegraph reporter Joe Hall last Tuesday, David Olsson, global head of institutional distribution at BlockFi, shared his insight on the state of institutional adoption of cryptocurrencies. BlockFi is a financial services company that offers retail wealth management products, such as crypto-backed loans, interest accounts, Bitcoin (BTC) rewards credit cards, etc. Meanwhile, for institutional investors, BlockFi’s proprietary platform provides financing for capital efficiency, the ability to borrow coins for hedging and shorting, and institutional-grade trading infrastructure. When asked about any exciting trends among institutional clients adopting crypto,…

Move-to-earn: An active play-to-earn offshoot

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Play-to-earn (P2E) games continue to dominate the crypto industry as more than half of the active wallets tracked by Dappradar have connected to blockchain-based games in the first quarter of 2022. Games like Axie Infinity — even with last month’s catastrophic Ronin Bridge hack — Pegaxy, Alien Worlds and others continue to put up millions of dollars in trading volume in the previous 30 days.  Despite this, the unsustainability of some P2E games grows more evident in the performance of their tokens. An example is Axie Infinity, whose Smooth Love…