Day: August 30, 2022

BTC Back Above $20,000 as Markets Rebound – Market Updates Bitcoin News

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Bitcoin was back above $20,000 on Tuesday, as bulls seemingly moved in to buy following the recent dip in price. The token dropped to a multi-week low over the weekend, however prices have now risen in back-to-back sessions. Ethereum was also in the green, as prices briefly recaptured $1,600. Bitcoin Bitcoin (BTC) was trading higher for a second consecutive session, as the token rallied back above $20,000 following recent declines. BTC/USD dropped to a low of $19,600.79 on Sunday, however after two days of gains, prices reached a peak of…

BNB Chain Introduces Liquid Staking to Provide Crypto Users Access to Additional Income Streams

Liquid staking is become more popular as Ethereum, the second-largest blockchain, proceeds toward becoming a proof-of-stake (PoS) system. Coinbase, the U.S. publicly traded crypto exchange, said last week it plans to offer its own liquid staking token, called Coinbase Wrapped Staked ETH (cbETH). It joins Lido Finance, which said in July it would soon offer staked ether on layer 2, or companion, networks. Source

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Indonesian e-commerce giant buys local crypto exchange for $8 million

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Indonesian tech company PT GoTo Gojek Tokopedia Tbk (GoTo) bought PT Kripto Maksima Koin, a local crypto exchange, in a bid to diversify its assets. The deal makes a landmark in the merging of mainstream and crypto in the fourth most populated country in the world.  As reported by Reuters, the sum of the acquisition of 100% shares by the country’s “biggest tech firm” came to 124.84 billion rupiahs ($8.38 million). The deal was finalized on Aug. 25, according to Indonesian media. GoTo didn’t reveal any specific plans for PT Kripto…

More Than a Third of Africa’s 53 Million Crypto Owners Are From Nigeria, Study Shows – Africa Bitcoin News

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With an estimated 53 million cryptocurrency owners, the African continent now accounts for 16.5% of the global total, a study has found. The study findings suggest that Nigeria, which has more than 22 million crypto owners, currently accounts for more than a third of the continent’s total number of holders. Nigeria Accounts for Over a Third of Africa’s Crypto Owners According to Triple A’s latest crypto ownership data, the African continent now has an estimated 53 million cryptocurrency owners. This constitutes about 16.5% of the estimated global total of 320…