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Month: May 2022
Argentina’s largest two banks to allow crypto trading
Argentina’s largest and second-largest private banks, Banco Galicia and Brubank, have announced that they will allow customers to make crypto purchases. Bloomberg reported on May 2 that a resounding 60% of respondents to an Argentinian poll asked for more access to crypto, which catalyzed the banks’ decisions to begin allowing crypto trading. Affiliate at market research firm Americas Market Intelligence, Ignacio Carballo, tweeted confirmation on May 3 with screenshots of Banco Galicia’s online interface that it had begun supporting Bitcoin (BTC), Ether (ETH), USD Coin (USDC), and Ripple (XRP) purchases.…
Crypto.com Restarts Staking Rewards After Community Furor
Staking rewards of as much as 8% would be offered to its card users, the company’s CEO said. Source
Fintech Study Estimates 4.4 Billion Global Users Will Adopt Mobile Wallets by 2024 – Fintech Bitcoin News
According to a recently published study by Merchant Machine, mobile wallets are predicted to have 4.4 billion users by 2024. Merchant Machine’s findings show the global pandemic propelled the popularity of digital wallets and researchers expect the numbers to grow from 44.50% of the population in 2020 to 51.70% by 2024. Half the World’s Population Will Leverage Mobile Wallets in 2 Years, Study Says The use of mobile wallets has grown a great deal since the start of the Covid-19 pandemic and a study published by Merchant Machine predicts growth…
Algorand becomes first US blockchain sponsor of FIFA World Cup
Blockchain network Algorand (ALGO) has partnered with FIFA inking a sponsorship and technical partner deal as the network becomes the soccer association’s first official blockchain platform. The deal announced on Monday, May 2 will also see Algorand become a regional supporter in North America and Europe for the 2022 FIFA World Cup to be held in Qatar in November and December. BREAKING: @FIFAcom has announced #Algorand will become the official blockchain of FIFA, empowering the global football community with cutting-edge, sustainable technology. Read more https://t.co/LTTUqGNLNA @FIFAWorldCup #FIFAWorldCup pic.twitter.com/LuEFTY3WK6 — Algorand…
Ethereum Shows Positive Signs But This Resistance Is The Key
Ethereum started a recovery wave above the $2,820 level against the US Dollar. ETH must clear the $2,920 resistance to start a steady upward move. Ethereum started a short-term upside correction above the $2,780 and $2,800 levels. The price is now trading above $2,820 and the 100 hourly simple moving average. There is a key rising channel forming with support near $2,820 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,885 and $2,920 resistance levels to continue higher. Ethereum Price Faces Hurdles Ethereum…
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GameFi Project ArchLoot Provides NFT User Builder for Creative Playability – Press release Bitcoin News
press release PRESS RELEASE. Singapore, May 3, 2022 – NFTs have disrupted the gaming industry with their unique benefits. It has been gaining popularity as many have welcomed the advent of play-to-earn (P2E) for considerable rewards, with also disquiet over the unwelcome intrusion of commerce into the escapist world of gaming. Web3 games are supposed to consist of two things people crave — entertainment and the possibility of making money, with the scales not tipping to either end. Shaking work-to-earn off from play-to-earn space is undoubtedly an urgent mission for…
ETH Blockchain DeFi Company Partners with The Glimpse Group to Mint 3D AR-based NFTs
The ETH blockchain DeFi company, The Commission, has established a partnership with The Glimpse Group, a virtual reality and augmented reality platform company, to create an AR-based gold-plated NFT project. The company announced that The Glimpse Group has entered into a paid partnership with its wholly-owned subsidiary QReal, which will apply its expertise in AR development and 3D modelling to develop multiple 3D AR-based NFTs for The Commission Token. Commission Token ($CMSN) is also one of the first digital assets mainly backed by gold, which has narrowed the distance between traditional…
Weiss Ratings issues warning over crypto mortgage risks
Florida-based ratings and research firm Weiss Ratings has fired out a warning over the risks of crypto mortgages amid the current economic climate in the United States. The company paid particular focus to Milo, a digital banking startup from Miami that offers 30-year mortgages backed by Bitcoin (BTC), Ethereum (ETH), or stablecoins as collateral. The firm requires zero down payments, and its loan rates vary between 3.95% and 5.95%. In the May 3 report, Weiss analyst Jon D. Markman urged caution with such mortgages, citing the poor performance of stocks…