โI welcome the opportunity to dialogue further, with a view to exploring future opportunities to engage in bitcoin cash mining, and making bitcoin cash legal tender here in St. Kitts and Nevis by March 2023, once safeguards to our country and our people are guaranteed,โ Terrance said. Original
Day: November 14, 2022
Crypto.comโs CRO is in trouble, but a 50% price rebound is in play
Crypto.comโs native token Cronos (CRO) is showing restraint on Nov. 14 against mounting sell-pressure building in the wake of the FTXโs dramatic collapse last week. Now, the CRO/USD pair is eyeing a watershed price recovery. On Nov. 14, CROโs price wobbled between profits and losses, trading around $0.069 a day after crashing to $0.05, its lowest level since April 2020 โ thatโs a 60% price decline from Novemberโs peak of around $0.178. CRO/USD weekly price chart. Source: TradingView CRO funding rate drops to -3% The period of CROโs price decline…
Crypto.com’s CRO token is in trouble but a 50% price rebound is in play
Crypto.com’s native token Cronos (CRO) is showing restraint on Nov. 14 against mounting sell-pressure building in the wake of the FTX’s dramatic collapse last week. Now, the CRO/USD pair is eyeing a watershed price recovery. On Nov. 14, CRO’s price wobbled between profits and losses, trading around $0.069 a day after crashing to $0.05, its lowest level since April 2020 โ that’s a 60% price decline from November’s peak of around $0.178. CRO/USD weekly price chart. Source: TradingView CRO funding rate drops to -3% The period of CRO’s price decline…
Helping mainstream artists into Web3: The triumphs and struggles
Musicians and executives alike have seen the power of Web3 tools such as nonfungible tokens (NFTs) to transform audiences into active communities with fewer barriers between artists and fans. Recently, the crypto-savvy Snoop Dogg partnered with country music stars Billy Ray Cyrus and the Avila Brothers to create an NFT experience that crossed genres and created new communities in the process. While Snoop may be a veteran in the space, many musicians find the Web3 world a whole new frontier. Cointelegraph spoke with Bernard Alexander, the head of IP at…
Morgan Stanley Says There Is Still Much Leverage in the Crypto Ecosystem
With bitcoin (BTC) now trading under $18,000, there isnโt a clear technical support level before $12,500, the bank said. It estimates that anyone that bought or received BTC in the past 12-18 months has an average breakeven price of around $45,000. Source
Fiat-to-Crypto Company Ramp Raises $70 Million to Solve the Crypto Onboarding Problem โ Exchanges Bitcoin News
Ramp, a fiat-to-crypto company, has announced it has raised $70 million as part of its Series B funding round. The round was co-led by Mubadala Capital and Korelya Capital, with Balderton Capital and Cogito Capital participation. The company explained that these funds would allow it to improve its app further and keep hiring talent. Ramp Raises $70 Million in Series B Funding Round Ramp, a company that specializes in providing fiat to crypto and crypto to fiat flows for different Web3 applications, announced it had raised $70 million in its…
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Philcoin Partners with Indacoin to Enhance Blockchain-Powered Charity
To enhance confidence and accountability in the charitable space, philanthropic blockchain ecosystem Philcoin has inked a deal with Indacoin, a British fiat-to-crypto conversion gateway. Jerry Lopez, Philcoinโs CEO and founder, noted that the partnership would be a stepping stone toward changing how giving happens by providing credit and debit cardholders with the chance to instantly purchase its native token, PHL, in at least 180 countries. Lopez stated: โWe have a user base of over 250,000 people across the world through our app and we expect this number to soar…
Canaan Q3 Net Income Drops 88% as Bitcoin Mining Declines
“The bitcoin mining market deteriorated during the third quarter, as the bitcoin price fluctuated and further dipped to around sixteen thousand dollars recently,” CEO Nangeng Zhang said in the statement. “The negative market dynamics have significantly hindered bitcoin miners’ revenues and cash flows. As miners are forced to cut their demand for computing power, we had to adjust down our selling price in response.” Source
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