Tag: Markets

Tokenized Gold Market Caps Grew Significantly Last Month as Fresh Demand Drives Premiums – Markets and Prices Bitcoin News

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While gold tapped an all-time high (ATH) this year surpassing $2K per ounce, the top tokenized gold crypto assets by market valuation continue to see significant demand, premiums, and market capitalization growth. For instance, Paxos Trust Company’s PAXG market cap jumped more than 43% in 31 days from $424 million to today’s $611 million. PAXG and XAUT Market Caps Swell, Both Gold Tokens See Premiums Over Gold’s Spot Market Value On March 8, 2022, the price of one troy ounce of .999 fine gold reached an ATH at $2,069 per…

Salvadoran Bitcoin Bonds Might Be Issued by State Geothermal Company La Geo, Delays Possible – Emerging Markets Bitcoin News

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The treasury minister of El Salvador, Alejandro Zelaya, has informed about the future of the issuance of the bitcoin bonds and the possibility of these being issued by La Geo, the national geothermal power company. Zelaya also referred to the day of issuance of these instruments, hinting at a possible delay that would see the bonds go out to the market in May or even July. El Salvador Might Issue Bitcoin Bonds Through La Geo The treasury minister of El Salvador, Alejandro Zelaya, gave his take on the…

Lemonade to Offer Blockchain-Powered Climate Insurance for Farmers in Emerging Markets

Lemonade, a top American insurance company, has revealed the formation of the Lemonade Crypto Climate Coalition meant to offer blockchain-enabled climate insurance to the most vulnerable farmers across the globe. Through its nonprofit organization dubbed the Lemonade Foundation, Lemonade has partnered with other companies like Chainlink, Avalanche, DAOstack, Hannover Re, Tomorrow.io, Pula, and Etherisc as founding coalition members. Based on the Lemonade Foundation’s objective of rendering environmental and social change through technology, the coalition is being established as a Decentralized Autonomous Organization (DAO) to create and distribute parametric and instantaneous…

Bitdeer and BitFuFu to Test US Stock Market’s Crypto Mining Appetite

Both Bitdeer and BitFuFu could be seen as “fully valued” compared to current publicly listed miners because of their “incredible” growth rate, superior profit margins and tight relationships with mining rig suppliers, Peter Stoneberg, managing director of crypto mergers and acquisitions firm Architect Partners, told CoinDesk in an interview. It’s the future prospects of companies that drive investment, so if investors see a company is able to fund its future growth, they will “absolutely pay a premium for that growth rate,” Stoneberg added. Source

Bitcoin Is Freedom — Says ‘We Need to Take the Money Away From the State’ – Markets and Prices Bitcoin News

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Prince Philip of Serbia and Yugoslavia says that bitcoin is freedom. Noting that “we need to take the money away from the state,” the prince stressed: “We need to have hard money again. We need to have good quality money that’s not subject to inflation.” Prince Philip of Serbia Praises Bitcoin Prince Philip of Serbia and Yugoslavia recently talked about bitcoin on a Serbian TV show hosted by Ivan Ivanović. Prince Philip, a member of the House of Karađorđević, is the second son of the last crown prince of the…

Venezuelan Minimum Monthly Wage Not Pegged to the Petro, According to Official Gazette Decree – Emerging Markets Bitcoin News

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The new decree that makes official the recently announced Venezuelan minimum monthly wage rise has been revealed in the Official Gazette, with no mention of its supposed peg to the petro, the national cryptocurrency. The law published mentions that the wage will be 130 VES, using the national fiat currency as a unit of account, something that contradicts statements of the Venezuelan president. Official Gazette Reveals Real Salary Raise for Venezuelans The recent publication of the Oficial Venezuelan Gazette, a magazine where laws and decrees are published when…

Crypto Exchange FTX Partners With AZA Finance ‘to Expand the Adoption of Web3 and Digital Currencies in Africa’ – Emerging Markets Bitcoin News

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Sam Bankman-Fried’s FTX is partnering with AZA Finance to expand the use of digital currencies and Web3 in Africa. Through this arrangement, the two companies will also work to “onboard African NFTs and artists onto the FTX NFT marketplace.” Bolstering Adoption of Web3 and Crypto in Africa Hong Kong-based cryptocurrency exchange FTX recently announced the start of a partnership with AZA Finance, whose objective is to “expand the adoption of Web3 and digital currencies throughout Africa.” This also includes non-fungible tokens (NFTs). A statement released by AZA Finance said the…

Top US Crypto Exchange Coinbase Lists Eight Altcoins for Custody Support As Markets Stumble

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Coinbase is expanding its crypto footprint by extending custodial services support to over half a dozen new altcoins. In a new tweet, the US-based cryptocurrency exchange says it’s adding eight new cryptos to its roster of 150+ assets that are part of the Coinbase Custody cold storage trust. Coinbase Custody now supports deposits and withdrawals for $API3, $BLZ, $GODS, $IDEX, $MDT, $GALA, $POWR, and $SPELL. Details here → https://t.co/HtybLZye3z pic.twitter.com/HaA4co8uPj — Coinbase Assets (@CoinbaseAssets) March 17, 2022 Coinbase Custody is a custodial service for institutional investors with big money. It’s…

Mike Novogratz Expects Bitcoin to Hit $500K — Says BTC Is a Great Alternative in Economies With Poor Stewardship – Markets and Prices Bitcoin News

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Galaxy Digital CEO Mike Novogratz says bitcoin is a great alternative and a lifeline to people in countries with poor stewardship of the economy. He expects the price of the cryptocurrency to hit $500K. “We see an adoption cycle that accelerates … going viral everywhere,” he said. Bitcoin Is a ‘Great Alternative’ in Some Economies Galaxy Digital CEO Mike Novogratz talked about the outlook for bitcoin and the U.S. dollar in a couple of interviews this week. “The biggest thing that’s happened in the last 10 years in lots of…

UAE Hospitality Brand Stella Stays Now Accepts Crypto – Emerging Markets Bitcoin News

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A hospitality brand from the United Arab Emirates(UAE), Stella Stays, has announced that its clients can now pay for services with cryptocurrencies. Clients can pay with bitcoin, ethereum, and 35 more digital assets. Stella Stays’ Tilt Towards ‘Futuristic Tech Offerings’ The UAE-based hospitality brand Stella Stays now accepts cryptocurrencies via its e-commerce platform, a report has said. According to the report, the company’s guests can now pay with bitcoin, ethereum, and 35 other cryptocurrencies. Following the announcement, the company’s CEO and co-founder, Mohannad Zikra, is quoted in one report explaining…