Month: July 2022

Santander to Offer Cryptocurrency Services in Brazil in the Coming Months โ€“ Bitcoin News

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Santander, one of the biggest banking institutions in the world, has announced it will start offering cryptocurrency services in Brazil. Its CEO, Mario Leรฃo, made the announcement in an interview with local media, stating that the company was still seeking the best way of getting into the cryptocurrency services market. Other banks and fintech organizations are already offering crypto services in the country. Santander to Start Offering Crypto Services in Brazil Santander, one of the biggest financial institutions in the world, serving more than 153 million customers, has…

CoinFLEX announces staff cuts as part of measures to reduce costs by up to 60%

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Cryptocurrency exchange CoinFLEX said it had downsized a โ€œsignificant numberโ€ of team members in an effort to cut operating costs. According to a Friday blog post, CoinFLEX said it had cut some staff across โ€œall departments and geographiesโ€ as part of measures to reduce the companyโ€™s costs by 50% to 60%. The majority of the remaining team members will focus on product and technology, and the exchange said it would consider scaling as โ€œvolume comes back.โ€ โ€œThe intention is to remain right-sized for any entity considering a potential acquisition of…

Bitcoin Breaks $24k As Exchange Whale Ratio Declines

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On-chain data shows the Bitcoin exchange whale ratio has declined recently as the crypto surges above the $24k mark. Bitcoin Exchange Whale Ratio (EMA 7) Is Currently Below 0.50 As per a post from CryptoQuant, the BTC exchange whale ratio has gone down recently while the price has surged up. The โ€œexchange whale ratioโ€ is an indicator that measures the ratio between the sum of the top 10 Bitcoin transactions to exchanges and the total exchange inflows. exchange whale ratio = sum of top 10 inflow txs (in BTC) รท…

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Crypto Exchange FTX Rolls Out Stock Trading to US Customers

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Popular cryptocurrency exchange FTX is expanding into the arena of traditional investing for retail customers in the United States. In a new post, FTX US president Brett Harrison informs his 50,900 Twitter followers about the platformโ€™s new feature which allows users in all 50 US states plus Puerto Rico and the Virgin Islands to buy and sell stocks as well as exchange-traded funds (ETFs). โ€œFTX Stocks is now live for US users! Residents of all 50 states (yes, including NY!) as well as PR and USVI can sign up. Trade…

Where Traditional Public Financing Fails, Blockchain Steps in

Since the debut of Bitcoin, crypto systems have further complicated the relationship between public and private projects. Particularly since around 2018, venture capitalists have begun devoting money to companies that build on Bitcoin or Ethereum. But because of the nature of blockchain networks, the benefits of such investments havenโ€™t accrued entirely to the companies being funded. Crypto as a whole has begun to generate significant โ€œpublic funding,โ€ of a sort, for an entire ecosystem of developers, researchers, even philosophers and journalists (ahem). Source

Why We Need NFT Ticketing for Sports Events

But even though NFT โ€œticket stubsโ€ help put money back in the hands of sports teams and fans, since they donโ€™t function as actual tickets and canโ€™t be used to enter a game, they donโ€™t fix other issues with traditional ticketing (e.g., scalpers, high resale prices, fraudulent tickets). As an industry, this is something collectively we need to continue working toward. Over the past few years, major progress has been made when it comes to NFTs and sports games, but in actuality, weโ€™ve only scratched the surface. Original Source EventsNFTSportsTicketing…

Bitcoin struggles to flip $24K to support, but data shows pro traders stacking sats

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Bitcoin (BTC) rallied on the back of the United States Federal Reserve’s decision to hike interest rates on July 27. Investors interpreted Federal Reserve chairman Jeremy Powellโ€™s statement as more dovish than the previous FOMC committee meeting, suggesting that the worst moment of tight economic policies is behind us. Another positive news for risk assets came from the U.S. personal consumption expenditures price (PCE) index, which rose 6.8% in June. The move was the biggest since January 1982, reducing incentives for fixed income investments. The Federal Reserve focuses on the…

Crazy Trade For July 4th Event Secret Pet in Roblox Mining Simulator 2

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