Month: May 2023

Bitcoin falls from $28,000, DigiToads steady after presale growth and fundraising success

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC) is still the biggest cryptocurrency in the world, but it has been stumbling in recent years. Its price is below $28,000, more than half its Nov. 2021 peak when it soared to $68,700.  With thousands of cryptocurrencies on the market, many are looking for new products to invest in, paying keen attention to ones that provide practical benefits for holders. DigiToads has a clear roadmap, and the platform has several features that could change the decentralized…

Bitcoin scam leaves UK couple with $56k worth of debts 

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied UK couple Tony and Eloise Johnson became victims of a bitcoin fraud, which left them with significant debt of £45,000 ($55,900). The con artists pretended to be affiliated with a well-known financial guru Martin Lewis, a respected financial journalist who educates millions about their consumer rights and strategies for saving money on television and his website, MoneySavingExpert. His image has been appropriated for use in a variety of deceptive con games as a means of providing…

Twitter partnership created a ‘symbiosis,’ says eToro CEO

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The financial service provider eToro and Twitter recently announced a partnership, which allows users on the social network platform to trade cryptocurrencies and stocks.  This development follows a statement made by former Twitter CEO Elon Musk who said he wants to make Twitter “the biggest financial institution in the world.” Cointelegraph sat down with Lule Demmissie, the CEO of eToro, at Bitcoin Miami 2023 to understand what a social network and social trading platform integration can mean for the future of digital finance. Cointelegraph reporter Joe Hall with eToro CEO Lule…

Miners allegedly make big bitcoin transfers to Binance

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied CryptoQuant alerted that miners are making significant bitcoin transfers to Binance. The recent one was of 1750 BTC. A notable transaction involved a substantial transfer of 1750 BTC from the address 3BPAodH6WkNQC8TUrnwFKhETiFacNUi68X, associated with miner Poolin, to the address 14nr1dktB2fCn2XkUV2AdwhcmqcHk3acji. The receiving address subsequently sent the same amount of bitcoin to Binance, utilizing the recipient address bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h. Unveiling Miner Outflows: Clues Point to Significant $BTC Transfer to Binance. “Miners’ reserves are decreasing, indicating a selling pressure…

India’s Cryptocurrency Industry Mobilizes for UPI Reform, Aims to Restore Access

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India’s cryptocurrency industry is mobilizing for reform as a wave of proposals seeks to restore access to the immensely popular Unified Payments Interface (UPI) for crypto-related transactions.   According to insiders, the Indian government and central bank have been inundated with these proposals, while the newly established crypto policy advocacy group, the Bharat Web3 Association (BWA), is gearing up to submit its comprehensive proposal in the upcoming weeks. The crypto community is determined to forge a path toward change, sparking a renewed sense of optimism and anticipation for a breakthrough…

Revolut UK Banking License Application Faces Rejection by Bank of England

Amid financial scrutiny, UK fintech giant Revolut faces rejection for its long-running banking license application.  Revolut is facing a possible rejection of its UK banking license application submitted to the Bank of England (BoE). The British neobank’s long-standing application for a UK banking license appears to be in jeopardy and could cause a big blow to the company’s operational growth plans. Revolut has been campaigning for a license for two years, with high-ranking executives recently confident about approval this year. Although the BoE declined to comment on the rejection reports, some believe…

Bitcoin Price (BTC) in Stasis Below $27K Ahead of Powell Speech

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Treasury yields rose alongside an increased probability of the Fed delivering another 25 basis point interest rate hike next month, helping keep investor risk appetite under check. The yield on the 10-year note rose to 3.67%, the highest since mid-March, and taking the weekly gain to 20 basis points. The two-year yield also clocked a two-month high of 4.08%. Recently, bitcoin has decoupled from Nasdaq and has moved in tandem with gold, which tends to move in the opposite direction of bond yields. Original

Paraspace NFT protocol co-founder resigns after failing to overthrow CEO

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The Paraspace NFT protocol saga over the whereabouts of the protocol’s fund took another turn on May 19 as co-founder Jay Yao resigned from his position in the company. Last Week, the NFT protocol made headlines over the missing funds and a barrage of accusations by chief executives and CEO against each other. The decision by Yao to leave the firm came a week after the Parapace team clashed with the CEO Yubo Ruan about the missing funds. Ruan at the time maintained that he was innocent and being framed…