Day: December 1, 2022

Bitget Takes on World Cup 2022 with Messi to Inject Confidence in Social Trading – Sponsored Bitcoin News

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sponsored The leading exchange expands the team globally as Messi leads Argentina to the round of 16. World Cup 2022 in Qatar is one of the most expensive World Cups in history, with an estimated cost of $US 220 Billion invested, more than 15 times spent. According to Bloomberg, crypto and blockchain companies have invested over $2.4 billion into sports-related marketing from March 2021 to August 2022. Nielsen expects blockchain companies’ investments in sports marketing will grow to more than $5 billion by 2026. Leading crypto exchange Bitget is taking…

US Institutional Investors Flocking Back To Bitcoin

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The Bitcoin price has seen a minor rally after yesterday’s speech by US Federal Reserve chairman Jerome Powell. The price rose above $17,000, driven by the statement that smaller rate hikes are likely imminent and could begin in December. Ultimately, analysts see a 50 basis point hike in December almost a lock. The FED was merely trying not to make it look dovish, but it will come, was the tenor of the market. On Wall Street, the remarks were met with applause. The Dow Jones and the S&P500 saw a…

TP ICAP Gains UK Registration for Institutional Crypto Exchange

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TP ICAP’s wholesale exchange for crypto assets, Fusion Digital Assets, has registered with the Financial Conduct Authority (FCA Financial Conduct Authority (FCA) The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK).The UK regulator is responsible for the conduct of firms authorized under the Financial Services and Markets Act 2000. Moreover, the FCA is also responsible for the regulation of behavior in retail and wholesale financial markets, supervision of the trading infrastructure that supports those markets, and the prudential regulation of…

Tesla (TSLA) Stock Soars 7% on News Fed May Slow Rate Hikes

Tesla CEO Elon Musk was one of those who shared his sentiments on the likelihood of a recession next year. The shares of American multinational electric car manufacturer Tesla Inc (NASDAQ: TSLA) are seeing marginal growth in the Pre-Market today after the stock recorded a bumper session on Wednesday. Investors went on a buying spree pushing the share price to $194.70 atop a 7.67% growth on Wednesday as Federal Reserve (Fed) Chairman, Jerome Powell hinted at the Brookings Institute that the Feds Funds Rate may start seeing smaller increases as early…

Bitdao Reveals Modular Ethereum L2 Called Mantle, Public Testnet to Launch in 2023 – Technology Bitcoin News

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On Wednesday, one of the world’s largest decentralized autonomous organizations, Bitdao, announced the soft launch of a modular Ethereum layer two (L2) network called Mantle that claims to bolster lower fees and fast transactions. According to the Bitdao team, Mantle’s public testnet is scheduled to release in 2023. Decentralized Autonomous Organization Soft Launches Mantle, a ‘Connective Tissue for Various Bitdao Initiatives’ 2022 has seen a significant amount of innovation dedicated to layer two (L2) Ethereum networks. On Nov. 30, 2022, the decentralized autonomous organization (DAO) Bitdao announced the soft launch…

Demand for liquid Ethereum staking options continues to grow post-Merge

Blockchain data analytics carried out by Nansen highlights the ever-growing amount of Ether (ETH) being staked across various staking solutions in the months following Ethereum’s shift to proof-of-stake (PoS) consensus. The highly anticipated Merge has been a boon for decentralized finance (DeFi) in general, and staking solutions have been in high demand since Ethereum’s shift to PoS. This is according to blockchain data from a variety of staking solutions across the Ethereum ecosystem. Nansen’s report highlights the impact of the Merge in introducing staked ETH as an out-and-out cryptocurrency-native yield-bearing…

Binance hires audit firm that served Donald Trump to verify crypto reserves

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Cryptocurrency exchange Binance is working with accounting firm Mazars as part of its proof-of-reserve (PoR) audits triggered by the fall of FTX. Mazars, the accounting firm that worked for former United States President Donald Trump’s company, was appointed as an official auditor to conduct a “third party financial verification” as part of Binance’s PoR updates, the Wall Street Journal reported on Nov. 30. The accounting firm is reportedly already reviewing all of Binance’s publicly shared information on Bitcoin (BTC) PoR and will also be verifying future updates and tokens, a…

Porsche Forays into Metaverse, Reveals Plans to Launches NFTs at Art Basel

The collection is expected to launch by January 2023, with a total of 7,500 unique NFTs. Luxurious automaker Porsche has come forward with a plan to venture into the virtual world using non-fungible tokens (NFTs) art. The automaker revealed its plans to launch the Porsche NFTs during the ongoing Art Basel in Miami, Florida. Details of Upcoming Porsche NFTs According to the firm, the collection will have a total of 7,500 unique NFTs. The firm also confirms that it will be launching the collection in collaboration with renowned 3D artist…

EV Charging Startup Volta Stock Closes Below 50 Cents for First Time since Public Listing

Volta recently closed under 50 cents for the first time as a public company due to a cash crunch and the possibility of stock delisting. EV charging startup Volta (NYSE: VLTA) saw its shares close below 50 cents for the first time since its public listing last year. This recent relative stock underperformance could be attributable to several factors affecting the electric car charging company. They include a cash crunch as well as the possibility of a stock delisting. Volta stock briefly climbed up to $13 in 2021 but plunged…