Tag: News

Ready to Win $100K in Bitcoin? – Sponsored Bitcoin News

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sponsored Do you want to win $100,000 in BTC? Yes, that’s right – Dohrnii DAO has recently announced a major crypto giveaway! In celebration of the DHN token launch, and the promise to give back to their community, they’re offering this unique opportunity to whoever buys DHN from June 6 to August 7, and stakes for a minimum of 6 months. “We know the crypto space is full of opportunities, which is why we want to encourage its massive adoption through DHN. Dohrnii’s utility token aims to empower people in…

Bitcoin Fraud-Accused South African Radio Presenter Threatens Legal Action – Bitcoin News

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Following accusations that he defrauded investors in his bitcoin investment scheme, the South African radio presenter Sebasa Mogale has said he will take legal action against individuals that have reported him to the police. His lawyer insisted that no evidence will be found because Mogale never committed fraud. Five Fraud Cases Opened Against Mogale Sebasa Mogale, the Thobela FM presenter accused of fleecing investors via his bitcoin investment scheme, has threatened to take legal action against individuals filing fraud claims against him with law enforcement. According to the radio presenter’s…

Co-founder of Argentinian Tech Giant Globant Thinks Companies Should Take Metaverse, NFTs, and Crypto Seriously – Bitcoin News

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Guibert Englebienne, co-founder of Globant, an Argentinian software development company, stated that all companies should be aware of what nascent technologies such as crypto, NFTs, and the metaverse are offering. Englebienne explained that these new technologies might disrupt the operations of existing businesses, and that some time might need to be invested to understand these effects. Globant Co-founder Takes New Tech Seriously Crypto and its derived products are starting to touch many industries tangentially, including the tech sector, and many companies are worried about the effects this might…

Argentinian Cryptocurrency Exchange Buenbit Launches Stablecoin Yield Instruments – Bitcoin News

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Buenbit, one of the leading Argentinian cryptocurrency exchanges, announced the inclusion of two stablecoins in its current yield program. The company will allow its customers to earn yields of up to 11% annually on their USDC and USDT funds, with the earnings being deposited in customers’ accounts daily, targeting high inflation markets. Buenbit Announces USDC and USDT Yield Instruments More and more exchanges are trying to offer staking options for their customers, allowing them to earn money with the funds deposited on their platforms. Buenbit, an Argentinian exchange,…

JPMorgan Economist Expects the Fed to Hike Benchmark Rate by 75 bps as Global Markets Bleed – Economics Bitcoin News

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The U.S. Federal Reserve is expected to raise the federal funds rate during its next meeting on Wednesday and JPMorgan economist Michael Feroli believes that rising inflation will push the Fed to increase the rate by 75 basis points (bps). Last week, CME Group data indicated the market priced in a 95% chance that the U.S. will see a 50 bps rate hike this month. Although, while some expect a hawkish Fed, some believe the U.S. central bank may act dovishly if markets get worse. Global Markets Shudder With Focus…

Majority of Crypto Fund Managers Surveyed Predict Bitcoin Could Reach $100K by Year-End – Markets and Prices Bitcoin News

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Major financial services firm PWC has conducted a study and found that the majority of crypto fund managers surveyed believe that the price of bitcoin would be between $75K and $100K by the end of this year. Bitcoin’s Price Estimate by Crypto Fund Managers PWC, a Big Four accounting firm, published its “4th Annual Global Crypto Hedge Fund Report” last week. It was produced together with the Alternative Investment Management Association (AIMA) and Elwood Asset Management (now part of Coinshares). The data in the report comes from a survey conducted…

Skybridge Founder Advises How to Survive Crypto Bear Market — ‘We Are in a Bloodbath’ – Markets and Prices Bitcoin News

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Anthony Scaramucci, the founder of Skybridge Capital, a $3.5 billion asset management firm, has some advice for crypto investors on how to survive a bear market and a crypto bloodbath. Scaramucci on How to Survive Crypto Bear Market Skybridge Capital founder Anthony Scaramucci shared his bitcoin outlook and advice on how to survive the crypto market sell-off in an interview with CNBC Monday. “We are in a bloodbath,” he said. “This is my eighth bear market. I expect to survive this one as well.” Scaramucci opined: I am encouraged by…

Legend Animator from Japan to Launch Identity Defining NFT Brand “BOSO Tokyo” – Press release Bitcoin News

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press release PRESS RELEASE. BOSO TOKYO announce the launch of NFT project “BOSO TOKYO” , an identity defining brand in the Metaverse To commemorate its launch, BOSO TOKYO has launched a giveaway campaign for their NFT. Check out the details here for a chance to win a BOSO TOKYO NFT by completing a few simple tasks. ABOUT BOSO TOKYO BOSO TOKYO is an NFT brand that aims to build avatars that can be used as a common identity in multiple metaverses. As a generative NFT, BOSO TOKYO uses algorithms to…

Crypto Lending Company Blockfi Cuts Staff by 20% – Bitcoin News

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On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The message written by Blockfi co-founders Zac Prince and Flori Marquez follows a slew of well known crypto firms cutting back employees due to the bear market. Blockfi to Lay off ‘Roughly 20%’ of Its Workforce Digital currency values are not that hot these days, and the crypto economy slipped below the $1 trillion region on June 13. The…

Tron’s Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity – Bitcoin News

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After the Terra UST fallout and the current crypto market volatility, many eyes have been focused on the Tron-based algorithmic stablecoin USDD. On June 13, the crypto asset tron (TRX) dropped significantly in value and Tron’s founder Justin Sun spoke about traders shorting the digital currency. Sun explained that the Tron DAO Reserve would deploy $2 billion to “fight them” and said he didn’t think the shorters could last 24 hours. Furthermore, the stablecoin USDD took a small dive on Monday, dropping to $0.977 per unit during the crypto market…