Month: April 2023

BTG Pactual Launches Its Stablecoin on Polygon

Like many stablecoins, BTG Dol token is also pegged to the US dollar. Latin America’s biggest investment bank, BTG Pactual, has just announced the launch of its own stablecoin – BTG Dol. According to an official statement from the bank, the stablecoin will run on the Polygon network and is already available to clients. The bank’s choice of blockchain network does not exactly come as a surprise though. This is considering that Polygon is compatible with Ethereum and backs several major brands including Disney and Starbucks.  It might also be…

Tether ‘unequivocally reiterates’ no exposure to Signature Bank

boss

After a Bloomberg article alleged exposure between stablecoin provider Tether and the now-collapsed Signature Bank, rumors began to circulate regarding the involvement between the two companies.  However Tether immediately reached out to clarify the claims made in the original article. In an email sent to Cointelegraph among other outlets, Tether gave an official response to the situation in which it said it wants to “unequivocally re-iterate that it has no exposure to Silvergate, Silicon Valley Bank and Signature Bank.” The stablecoin issuer went on to highlight a section of the…

Tokenized Gold Market Cap Passes $1B as Investors Seek Safe-haven Asset

The rise in gold prices has been attributed to mounting speculation about the United States Federal Reserve’s future policy following the release of jobs data. The total market capitalization of tokenized gold has surpassed $1 billion. CoinGecko data places it at $1.02 billion, up 2.3% over the past 24 hours, with a trading volume of $35,508,696 over the same period. The largest gainers are PAX Gold and Tether Gold with gains of 2.7% and 1.9% respectively. Both are currently trading over $2,000, with PAX Gold at $2,036 and Tether Gold…

BTC Moves Above $28,500 as ETH Nears $2,000 – Market Updates Bitcoin News

boss

Bitcoin broke out of a resistance level of $28,500 on April 5, as crypto markets continued to react to economic data from the United States. Job openings in the U.S. fell below 10 million for the first time since 2021, which comes as employers began to reduce hiring efforts. Ethereum moved closer to $2,000, hitting a fresh eight-month high today. Bitcoin Bitcoin (BTC) broke out of a key resistance level on Wednesday, with traders now targeting a move beyond the $29,000 mark. Following a low of $27,979.75 on Tuesday, BTC/USD…

How can it sustain millions of users?

boss

Ticketing issues seem to be more and more common: The Rolling Stones concert in 2016, the 2017 Fyre Festival fiasco, Beyonce and Jay-Z’s 2018 “On the Run” tour, and most recently, Taylor Swift’s Era tour debacle.  Many believe that large-scale ticketing giants have held a monopoly on event hosting for the world’s crème de la crème. If the big fish don’t have the resources to combat this issue, what will the rest of us do? Perhaps we need a different solution altogether.  The issues with the global ticketing industry are well-documented at…

Binance self-custody wallet launches crypto-to-fiat off-ramp

Trust Wallet, the noncustodial and multichain crypto wallet, has partnered with Ramp and MoonPay to introduce seamless crypto-to-fiat withdrawals for its users. The partnership will allow wallet users to convert crypto to fiat directly within the wallet app. The feature eliminates the need for transferring funds to a centralized wallet to liquidate or convert to fiat. With the help of this new functionality, users may now enter and exit the cryptocurrency market totally through their self-custody wallet and take complete control of their cryptocurrency funds. Cash out window. Source: Trust…

Michael Van de Poppe thinks bitcoin could hit $40K

boss

Well-known crypto trader Michael van de Poppe noticed that the critical price level for bitcoin (BTC) at $27,900 remained intact, prompting the price to skyrocket to $28,700 overnight. The investor continued the tweet by stating that the current level of consolidation makes it very probable that the bitcoin price will continue to increase over the next few days to reach $30,000. #Bitcoin follows the path. Crucial area at $27,900 held and breakout overnight upwards to $28,700. Consolidation makes it likely that we’ll be continuing towards $30,000. pic.twitter.com/0KjNN3lBfX — Michaël van…