Day: May 11, 2022

Latin America’s largest digital bank will allocate 1% to BTC, offer crypto investment services

boss

Nubank, the largest digital bank in Brazil and Latin America, announced that it has partnered with Paxos to allow the bank’s customers to buy, sell and store cryptocurrencies directly through Nubank. Along with the launch of the new cryptocurrency transaction services, Nubank announced it will allocate roughly 1% of its net assets to Bitcoin (BTC) through the cashier of Nu Holdings, a company that controls the Nubank Group. “This move reinforces the company’s conviction in Bitcoin’s current and future potential in disrupting financial services in the region,” Nubank said, as…

Brazil’s Biggest Bank Adds Bitcoin and Ethereum Trading For Users

boss

Nubank unveiled support for cryptocurrency investment Users will be able to trade Bitcoin and Ethereum Paxos will power the service and offer blockchain-based facilities Brazil’s Senate recently voted in favor of crypto adoption The largest neobank in Brazil and one of the biggest fintech institutions in Latin America, NuBank announced crypto trading integration on Wednesday (May 11, 2022). NuBank in partnership with blockchain developer Paxos will now provide users with the option to trade the two largest cryptocurrencies in the world by market cap – Bitcoin and Ethereum. The support…

Independent Russian News Site Meduza Raises Over $200,000 in Crypto – Bitcoin News

boss

Pressure from the Kremlin and sanctions from the West have forced Russian news outlet Meduza to increasingly rely on cryptocurrency donations to fund its independent journalism. As the restrictions imposed over Moscow’s invasion of Ukraine have prevented its Russian readers from contributing in fiat currency, the Riga-based website now accepts several digital coins. Meduza Pulls Journalists out of Russia, Seeks Crypto Support The war in Ukraine has affected Russian-language news site Meduza in more than one way, a report by Bloomberg reveals. Soon after the Kremlin launched its “special military…

ApeCoin is down 70%+ since the Otherside launch — Can Yuga Labs turn the ship around?

boss

ApeCoin (APE), the new cryptocurrency that was recently launched by Yuga Labs, aims to be the bedrock of the Otherside metaverse and recently, the token has experienced massive volatility leading into and after its digital land sale. APE’s price dropped from $26 at the peak on Apr. 28 to $14 on May. 2 — more than a 45% drop within a few days of the mint. The price has now dropped to the $6 range. Given the current volatility, investors will be wondering if ApeCoin price will ever recover to…

Why did Terra LUNA and UST crash?

boss

Cryptocurrency investors never thought they’d have to ask whether TerraUSD (UST) or LUNA would reach $1 first. On Wednesday, that question became the talk of the cryptosphere as the Terra ecosystem imploded.  As the algorithmic stablecoin UST lost its dollar peg, crashing to a low of around $0.30, Terraform Labs co-founder Do Kwon took to Twitter to share his rescue plan. At the same time, the value of sister token LUNA, once a top-10 crypto project by market capitalization, plunged over 98% to $0.84, according to CoinMarketCap. For reference: LUNA…

Is It Time To Buy Bitcoin?

boss

Data shows the Bitcoin market has again fallen back into a state of extreme fear as the price has plummeted down over the past week. Bitcoin Fear And Greed Index Says Market Is Extremely Fearful As per the latest weekly report from Arcane Research, extreme fear has returned to the BTC market, suggesting now may be the time to buy. The “fear and greed index” is an indicator that tells us about the general sentiment among investors in the Bitcoin market. The index uses a numeric scale that runs from…

Crypto Outlook 2022: Kevin O'Leary and Roy Niederhoffer

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This power panel of investment legends will answer the most pressing crypto questions and more in a special, live interactive event on YouTube hosted by Michelle Makori, editor-in-chief of Kitco News. Kevin O’Leary, star of Shark Tank, and hedge fund manager Roy Niederhoffer, Founder, R. G. Niederhoffer Capital Management, will share their outlook on the crypto market, the macroeconomic landscape, and how crypto and other assets fit in a traditional portfolio. Sponsored by CoinPayments __________________________________________________________________ Kitco News is the world’s #1 source…

Crypto Exchange Coinbase Forced To Back Out of India as CEO Brian Armstrong Cites Pressure From Central Bank

boss

Crypto exchange Coinbase is backing out of a move to bring its services to India citing heavy pressure from the nation’s central bank. In the latest earnings call, Coinbase CEO Brian Armstrong says that the exchange had to halt its services in India despite a previous Supreme Court ruling that overturned a ban on crypto trading in the country. “We launched Coinbase in India on April 7th. And this includes fiat on-ramps into the crypto economy. There’s a lot of interest in crypto amongst the people there in India. So…

BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

boss

The crisis with Terra’s stablecoin TerraUSD (UST) and the freefall in Terra’s LUNA token has dented crypto sentiment further. Although Terraform Labs CEO Do Kwon announced a relief plan, the community does not seem too hopeful about the revival. Another hindrance to a quick improvement in sentiment is that the United States Consumer Price Index soared 8.3% from a year ago, outpacing estimates by 0.2%. Although the numbers are a tad bit lower than March’s 8.5% print, the slow deceleration suggests no respite from more tightening by the U.S. Federal…