Day: September 5, 2022

Argentine Startup Action Point Develops White Label Solution to Include Crypto in Traditional ATMs – Technology Bitcoin News

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Action Point, an Argentine startup, has developed a white-label solution that allows banks to offer cryptocurrency services through their already existent ATM infrastructures. The company provides this service in partnership with Lirium AG, a crypto-as-a-service organization, and has already implemented the solution in over a dozen ATMs in the country. Argentine Startup Action Point Takes Crypto to Fiat ATMs Latam has been a fertile land for crypto adoption, and now banks in Brazil and Argentina are including cryptocurrency services on their platforms. Action Point, an Argentine startup, aims…

Binance in Talks With Nigeria to Develop Blockchain Hub

Nigeria and crypto exchange Binance are in talks to establish a digital hub like the Dubai virtual free zone to propel blockchain growth in the country, according to the Nigeria Export Processing Zones Authority.  Nigeria sees the transformation of a digital hub as a stepping stone toward diversifying its economic scope beyond crude oil. The Nigerian administration has been rolling out crypto-friendly initiatives. The partnership will trigger the creation of a digital economic zone that will offer entrepreneurs more blockchain opportunities. Earlier this year, the country’s Securities and Exchange Commission (SEC)…

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Ether Primed for Pre-Merge Rally After Wedge Breakout

The falling wedge begins wide at the top and contracts as prices move lower, causing the two descending trendlines to converge as the pattern matures. The converging nature of trend lines represents shallower lows, a sign of decreasing selling pressure. Therefore, a breakout is taken to mean a bullish revival. Source

Cradles’ New SIN System Allows You To Earn By Staking Into NFTs Of Elite Players

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The play-to-earn (P2E) industry had been enjoying a boom, rising to prominence amid a hype-fueled crypto bull market. It has benefitted from the success of the gaming industry, which has managed to remain recession-proof even through the worst of economic crises. This industry continued to pull in billions of dollars when companies in other sectors were going bankrupt by the day, and this ability to bring in a steady stream of money seemed to have spilled over into the P2E space. That is, until the bull market was over and…

US congressman and crypto skeptic explains why a crypto ban won’t work

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In a recent interview, United States congressman and a known crypto skeptic Brad Sherman claimed that banning cryptocurrencies is not an option at this point. In a statement to LA Times, the Northridge-area Democrat said that the crypto industry has become quite powerful over the years. He added that the high capital donations to the politicians and strong crypto lobbying make it impossible for them to impose a blanket ban. He explained: “We didn’t ban it at the beginning because we didn’t realize it was important, and we didn’t ban it…

LG Launches NFT Platform With Hedera Blockchain

South Korea-based digital manufacturer LG Electronics has launched a new NFT platform in collaboration with Hedera blockchain. The platform LG Art Lab will allow users to buy, sell and put up digital art or non-fungible tokens (NFTs) on their television sets, the company announced. While Swiss-based Tag Heuer became the first watchmaker in June to announce a tool to allow watch owners to display NFTs on their smartwatches, the Seoul-based television company has become another top company to add value to the NFT space with this new mew move. The company…

Bitcoin Supply on Exchanges Hits the Lowest Level since November 2018

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The price of Bitcoin failed to make any substantial move last week as the most dominant digital asset stayed below $20,000 over the weekend. However, the supply of Bitcoin at leading crypto exchanges has dropped sharply in the past few years. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. According to Santiment’s recent on-chain data, the Bitcoin supply at digital asset trading platforms now stands at around 1.74 million, which is the…

BTC price sees new $20K showdown — 5 things to know in Bitcoin this week

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Bitcoin (BTC) starts the second week of September still trying to cement $20,000 as support as bears clinch control. The largest cryptocurrency emerges from a sideways weekend with a weekly close almost exactly at the $20,000 mark — but that significant psychological level is already struggling. Expectations already favored further downside during this month — the so-called “Septembear” phenomenon which normally sees BTC price lose ground in September — and so far, there has been little evidence that this year will be different to most. BTC/USD is down 1.5% in…