Tag: Cash

Uniswap partners with Robinhood, MoonPay, Transak to turn crypto into cash

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Decentralized exchange Uniswap has entered into a partnership with trading platform Robinhood and a number of payment platforms to facilitate crypto-to-fiat transactions. Starting on Feb. 27, users in more than 180 countries can sell supported crypto assets to deposit funds directly into their bank account through Robinhood, MoonPay and Transak, Uniswap announced.  It added that the fiat onramping and offramping was live in the Uniswap wallet on both Android and Apple iOS and would be coming to the Uniswap extension and the web app soon. Moving between crypto and cash…

Private Jets, Political Cash Among $1B in Sam Bankman-Fried’s Forfeited Assets: Court

A federal court has outlined just how extensive Sam Bankman-Fried’s assets were before the young CEO of FTX was tried and imprisoned for fraud, and the government swooped in to seize roughly $1 billion in financial assets and two aircraft. The final order of forfeiture issued on Tuesday by the U.S. District Court for the Southern District of New York formally severed Bankman-Fried’s ownership stake in a property list dozens of pages long. The court document revealed the wide swath of assets the one-time billionaire claimed ownership in, including extensive…

Bitcoin Cash price prediction | Is Bitcoin Cash a good investment?

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Will this legacy cryptocurrency become bullish once again? Let’s find out in this Bitcoin Cash price prediction. Bitcoin Cash is a cryptocurrency associated with Bitcoin, yet it hasn’t performed like the leader of all cryptocurrencies. Its price action has lagged while Bitcoin (BTC) and other cryptocurrencies have experienced significant pumps. Since its launch back in 2017, the Bitcoin Cash (BCH) token has seen an all-time high of $3,785.82 followed by a 91% drop in price. At the time of writing, it is now trading at $330.2, which is around a…

Tornado Cash Developer Alexey Pertsev Walks Free

In a positive turn of events, the court released the 31-year-old developer and placed him under house arrest and electronic monitoring until his trial. Tornado Cash’s Alexey Pertsev Regains Freedom Following Court Decision After languishing in a Dutch jail for nine months, Alexey Pertsev, one of the developers of the cryptocurrency mixer Tornado Cash, was […] Source CryptoX Portal

Thumzup doubles Bitcoin holdings to $2m, clears 90% surplus cash for BTC

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Thumzup Media Corporation has doubled its Bitcoin holdings to 19.106 BTC, increasing its investment in digital assets to $2 million.  Thumzup company is authorized to allocate up to 90% of its surplus cash into Bitcoin (BTC). This move aligns with the company’s broader strategy to integrate cryptocurrency into its financial operations, according to a release shared with crypto.news.  Management’s Bitcoin strategy includes compensating gig economy workers in Bitcoin through its Associate Salesperson Program. Thumzup views this initiative as an opportunity to leverage blockchain technology and artificial intelligence to enhance digital…

Trump Media to Invest Cash Reserves in Bitcoin, Crypto, ETFs

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Trump Media is launching Truth.Fi with up to $250 million for investments in bitcoin, other cryptocurrencies, crypto-related securities, ETFs, and industries supporting U.S. economic growth. Trump Media Launches Truth.Fi, Investing in Bitcoin, Crypto, and ETFs Trump Media and Technology Group Corp. (Nasdaq: DJT), operator of the social media platform Truth Social and the video streaming […] Original

Green energy tech firm Nuvve to allocate 30% of excess cash to Bitcoin

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Nuvve, which helps EVs share power with the grid, will invest up to 30% of its extra cash in Bitcoin to diversify the company’s treasury holdings. Nuvve, a public Californian company focused on connecting electric vehicles to the grid, said its board has approved holding Bitcoin (BTC) as a primary treasury asset. In a Jan. 28 press release, the San Diego-headquartered company revealed it would invest up to 30% of its excess cash, based on its estimated six-month operating expenses, into BTC. How much Bitcoin it actually buys will depend…

Brazilian Congresswoman Sounds Alarm on Drex CBDC Risks, Rejects Cash Elimination Bill

Julia Zanatta, a Brazilian congresswoman, has raised concerns about the effects of implementing drex, the Brazilian CBDC, on the lives of citizens. Zanatta emphasized that drex, if not properly implemented, might lead to the prohibition of physical money and proposed a ballot for its final implementation. Brazilian Congresswoman Warns About the End of Physical Money […] Source CryptoX Portal