Tag: News

Crypto Exchange Binance in New Partnership that Seeks to Deepen Crypto Adoption in Africa – Africa Bitcoin News

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In what has been described as a collaboration that will deepen crypto adoption, the cryptocurrency exchange Binance recently said it partnered with the African video streaming service Showmax. Binance users that enroll to become active in Web3 will be rewarded with a month-long video streaming subscription. Africans Embracing Blockchain Cryptocurrency exchange Binance said it has partnered with the video streaming service Showmax in a collaboration that seeks to deepen crypto adoption in Africa. According to a Business Day report, about 500 Nigerian Binance users enrolling to become active participants in…

LABEL Foundation Secures 7 Digit Investment From DWF Labs – Press release Bitcoin News

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press release PRESS RELEASE. As per the latest news, LABEL Foundation, a Korean-based organization dedicated to revolutionizing the music industry through the power of blockchain technology, has secured a major investment in the venture round funding from DWF Labs, the multi-stage Web 3.0 investment firm. DWF Labs, that has recently been labeled as a top crypto investor by Coindesk, has injected $1 million in LABEL’s ecosystem to foster the development of their pioneering Dapp TRACKS and to expand their user base by bringing innovative solutions to the market. Over the…

China Keeps Stockpiling Gold, Adds 18 Tons in March to Reach 2,068 Tons in National Reserve – Economics Bitcoin News

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The People’s Bank of China (PBOC) reported an increase in the country’s gold reserves of 18 tons in March, continuing its buying spree. China has consistently added to its gold reserves since November, purchasing more than 100 tons in the last five months. The Asian state now has 2,068 tons in its coffers. China Purchased 18 Tons of Gold in March, PBOC Reports Show China further increased the size of its gold reserves in March. According to reports from the People’s Bank of China, the size of the national Chinese…

US President Joe Biden Extends Sanctions Against Russia, Has Argued Alternatives Would Involve Waging Third World War – Bitcoin News

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U.S. President Joe Biden decided to extend the sanctions that the U.S. government enacted against Russia for one more year, arguing that the country continues to pose a threat to the security of the nation. Biden had talked about these sanctions before, explaining that the only option besides enacting them would involve a direct international military conflict. U.S. President Joe Biden Extends Anti-Russia Sanctions for One More Year U.S. president Joe Biden has decided to extend the sanctions enacted against the Russian Federation for one year, on the basis that…

Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says – Finance Bitcoin News

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Within the next decade, the U.S. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The renowned economist listed a few factors for the diminishing status of the greenback such as its use as a political weapon by Washington, the introduction of currencies like the digital yuan, and America’s shrinking share of the global economy. United States’ Smaller Share in World Economy to Affect the Dollar The role of the U.S. dollar will naturally decrease as the share of the United States in…

Sushiswap Smart Contract Bug Results in Over $3M in Losses; Head Chef Says Hundreds of ETH Recovered – Defi Bitcoin News

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According to several reports, a bug introduced to the decentralized exchange (dex) protocol Sushiswap’s smart contract has resulted in more than $3 million in losses. The blockchain and smart contract security firm Peckshield explained the exploited contract was “deployed in multiple blockchains.” Dex Platform Sushiswap Suffers From Smart Contract Exploit Over the weekend, the dex platform Sushiswap saw its RouteProcess02 contract exploited and then distributed across various blockchain networks. Blockchain security firm Certik published an alert after discovering the exploit. The company Peckshield also updated the crypto community via Twitter,…

US Economy at Risk of Crash Landing, Allianz Warns – Economics Bitcoin News

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Allianz, one of the world’s largest insurers, has warned that the U.S. economy is headed toward a crash landing. “We expect the economic momentum to deteriorate during the second half of the year on the back of rapidly tightening credit conditions, exacerbated by the banking crisis,” said the insurance giant’s analysts. Crash Landing Ahead, Warned Allianz Allianz’s research and analysis division published a report last week stating that the U.S. economy is “headed towards a crash landing.” Allianz is one of the world’s largest insurers with over 122 million private…

US Dollar Could Lose Most of Its Value in 5 Years, Investment Manager Warns – Bitcoin News

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Investment manager Larry Lepard has warned that the U.S. dollar could lose most of its value within five to 10 years. Following the onset of the Russia-Ukraine war, “the U.S. did something which I perceived to be very stupid, which is it seized $600 billion of Russian currency reserves, and that sent the message to every other country in the world that ‘Hey if the U.S. doesn’t like what you’re doing, they can grab your money,’” the executive described. Investment Manager Expects U.S. Dollar to Lose Most of Its Value…

Player Wins 6 BTC Jackpot on Book of the Fallen at Bitcoin.com Games – Promoted Bitcoin News

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A thrilling adventure in Book of the Fallen by Pragmatic leads to a huge win of 6 BTC! Another Massive Win on Bitcoin.com Games It seems like the lucky streak on Bitcoin.com Games crypto casino continues with yet another player hitting the jackpot of 1,214 times their initial bet amount, and winning a life-changing amount of BTC. The latest big win came from a player who took a chance on the thrilling game Book of the Fallen by Pragmatic and ended up with a massive $170,000 payout in Bitcoin. Book…

Ordinal Inscriptions Surpass 1 Million Mark, Miners Collect $4.7M in Fees as Bitcoin NFT Trend Continues – Bitcoin News

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On April 8, 2023, the number of Ordinal inscriptions surpassed the million mark as the non-fungible token (NFT) trend has seemingly become a mainstay. Presently, on Sunday, April 9, the total number of Ordinal inscriptions is 1,049,263, and so far, 169.85 bitcoins worth $4.7 million have been collected in fees. Ordinal Inscriptions Reach 1 Million This weekend, Ordinal inscriptions reached a milestone by surpassing the 1 million mark on Saturday, April 8, 2023. Ordinal inscriptions started to see significant demand after the mining pool Luxor mined Bitcoin block No. 774,628,…