COIN Stock Dips Below $250 After Coinbase Announces Plans to Sell $1.25B of Convertible Debt

On a long-term basis, Coinbase stock remains bullish supported by an upward call for the cryptocurrency industry by several Wall Street analysts. Coinbase Global Inc (NASDAQ: COIN) stock closed Monday trading at $248.24, down 3.92% from the day’s opening price. Additionally, COIN stock dropped approximately 1.16% further during Tuesday’s pre-market to trade around $245.37. The COIN stocks’ sustained losses in the past few two days have been attributed to an announcement that the company is planning to sell $1.25 billion worth of convertible debt. Essentially, COIN shareholders had anticipated a…

Polkadot announces Kusama is ‘finally ready to host parachains’

Kusama, sister chain to Polkadot’s platform, is ready for the rollout of parachains on the network. Polkadot and Kusama creator Gavin Wood today said in a blog post that Polkadot was entering the fourth and final phase of its mainnet launch, which involves deploying parachains to the Kusama network. According to Wood, the development arm behind Polkadot, Parity Technologies, had released an upgrade — Polkadot version 0.9 — for Kusama, which “is now finally ready to host parachains.” Wood said the launch of the parachains would proceed following a full…

Elon Musk Announces Tesla Has Suspended Accepting Bitcoin Citing Environmental Issues – News Bitcoin News

Tesla has suspended accepting bitcoin for vehicle purchases, CEO Elon Musk has announced. The company cited concerns “about rapidly increasing use of fossil fuels for bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.” Tesla Stops Accepting Bitcoin Tesla CEO Elon Musk announced on Twitter Wednesday that his electric car company has suspended accepting bitcoin for vehicle purchases. The message reads: Tesla has suspended vehicle purchases using bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal,…

Centric (CNR/CNS) Announces Migration to Binance Smart Chain – Press release Bitcoin News

press release PRESS RELEASE. London, UK — Centric announced an upcoming fork to the Binance Smart Chain (BSC), after almost 2.5 years on the TRON blockchain. Centric’s tokens, Centric Cash (CNS) and Centric Rise (CNR), will move to the BEP-20 token standard native to the Binance Smart Chain. Binance Smart Chain (BSC) touts “the advantages of the Binance Chain, optimized for ultra-fast trading.” It launched in September of last year, and has become a popular choice for decentralized app (DApp) deployment. “The move to Binance Smart Chain represents the most…

Binance Announces Listing of Dogecoin Competitor Shiba Inu Coin and Its Perpetual Futures

Amid Dogecoin (DOGE) correction, the Shiba Inu meme crypto SHIB is getting massive attention and has surged 22 times in just the last three days. Thus, exchanges have rushed to list this new Dogecoin killer. On Monday, May 10, the world’s largest cryptocurrency exchange Binance announced listing the Dogecoin killer Shiba Inu (SHIB). The Dogecoin rally in recent times has also drawn attention to its competitor SHIB. The native token of the Shiba Inu network has surged massively. #Binance Will List @Shibtoken $SHIB in the Innovation Zonehttps://t.co/EXxM5rwFRK — Binance (@binance)…

African Crypto Exchange Announces Plan to Operate Globally

Nigeria-based cryptocurrency exchange Quidax has just announced its plans to expand its services to the global market. Quidax will also be launching QDX, a native token of their own. As a BEP20 token, QDX will be used to power all of the available functions within the Quidax ecosystem. We are set to become the global home of BEP20 tokens. This means that anyone in the world can trade over 100 cryptocurrencies in the Binance Smart Chain ecosystem on Quidax.   Buchi Okoro, CEO of Quidax Okoro also revealed that the…

African Exchange, Quidax Processes Over $3.2 Billion in Transactions, Announces Global Expansion – Press release Bitcoin News

press release PRESS RELEASE. Cryptocurrency exchange, Quidax on Monday, 10th May officially shared plans to expand beyond Africa to the global market. They also announced the launch of their native token, QDX and revealed plans to reposition as the global home of BEP20 tokens. Quidax is a cryptocurrency exchange that launched in August 2018. It had initially positioned itself as an African focused cryptocurrency exchange but has stated a change in strategy following some events in February. Quidax CEO, Buchi Okoro for the first time revealed that they have processed…

Real World DeFi Protocol Centrifuge Announces Token Sale on Coinlist

Registrations for the Centrifuge protocol token sale have started and live up to May 21st. Check the below details on registerations and timelines. The real-world DeFi protocol Centrifuge is all set to bring the multi-trillion dollar real estate market to Decentralized Finance (DeFi). As a result, Centrifuge has announced to conduct its token sale on the Coinlist platform. Centrifuge thus announced that the registrations for its token sale are now open with two different options: Option 1 will run from May 26 2021, 17:00 UTC to May 31 2021, 14:00…

Coinbase Announces San Francisco HQ Shutdown by 2022 – Exchanges Bitcoin News

Coinbase, the most prolific U.S.-based cryptocurrency exchange, has announced it will close the doors of its former San Francisco HQ by 2022, in its push to go 100% remote. Earlier the company had announced its intention of ditching the traditional office-based model to decentralize its operations and instead impulse work from home politics as part of its response to Covid-19. Coinbase to Shutdown Former San Francisco HQ Office by 2022 Coinbase has announced today it would shut down its former San Francisco HQ office via its official Coinbase…

Nokia announces blockchain-powered data marketplace

In a release issued on Wednesday, Nokia revealed that its new blockchain service reportedly offers data transaction and analysis within the framework of a secure private, permissioned blockchain infrastructure. As part of the announcement, Nokia declared that clients across diverse industries can participate in the blockchain network, leveraging the benefits of decentralized technology for trusted data transfer. An excerpt from the release reads: “This [the Nokia Data Marketplace] enables a wide range of vertical use cases, including electric vehicle charging, environmental data monetization, supply-chain automation and preventative maintenance powering numerous…