Category Archives: MARKETS NEWS

MARKETS NEWS

Robinhood will be able to send users crypto gifts to each other

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Robinhood brings new features for its users to gift each other crypto. It will activate the gift feature on December 22.

The gift will only be valid for seven cryptocurrencies. Sending cryptocurrencies will be worth $1. There will be no commission when sending gifts. When you send the gift, the recipient must accept it within 14 days.

Christine Brown, Chief Operating Officer, Robinhood Crypto, said: “Gifting crypto is a great way for our customers to help their friends and family remove the emotional and economic barriers to taking their first steps into crypto. It’s also an easy and instant gift for those who are already crypto fans.”

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

Balancer (BAL) and Aave (AAVE) become partners

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Balancer (BAL) and Aave (AAVE), the DeFi altcoin project, became partners. After the partnership became known, their prices began to rise. What will the middles do? Why they partnered, “Balancer Labs has joined forces with Aave to overcome the declining capital efficiency of returns invested in automated market maker (AMM) pools.”

Balancer Labs announced the launch of Boosted Pools on decentralized finance (DeFi) lending protocol Aave. Users can now deposit some of their unused liquidity into automated market maker (AMM) pools to earn additional returns.

Fernando Martinello (Co-founder and CEO of Balancer Labs) explained that there are several Boosted Pool innovations that lead to “tangible results, deeper liquidity, more efficient integrations for liquidity and higher returns.”

After the news was announced, the price of BAL increased by 13%. AAVE rose 11%.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

Binance and MDI Ventures Forms Consortium To Grow Blockchain Ecosystem In Indonesia

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Binance and MDI Ventures formed a consortium to expand the blockchain ecosystem in Indonesia. The consortium has collectively developed the largest digital and financial technology ecosystems in Indonesia, providing access to more than 170 million consumers in the world’s fourth most populous country.

MDI and Binance CEOs made a statement for the consortium established in Indonesia. Changpeng, Founder and CEO of Binance, said: “Our goal at Binance is to grow the blockchain and cryptocurrency ecosystem globally, and this initiative in Indonesia is an important step in that direction. With rapid technology adoption and strong economic potential, we are the leader of the blockchain and crypto ecosystem within Indonesia.” “We are excited to name MDI as the latest partner in the region. With their depth of experience in the market, we are confident that we will deliver leading products for users locally.”

MDI Ventures: US$830+ million multi-stage venture capital arm of Indonesia’s largest telecommunications company and is the country’s largest technology investment firm.

Source: Bianance

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

BBVA Bank Adds Ethereum (ETH) To Its Bank Portfolio In Europe

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BBVA Switzerland, one of Europe’s major banks, has become the first bank to approve Ethereum (ETH) as a cryptocurrency transaction and custody service. We may hear similar news from other banks in the near future.

By offering Ethereum (ETH) cryptocurrency to BBVA Clients. We think that it will increase the customer base. BBVA Customers will be able to perform Bitcoin and Ethereum transactions in their portfolios with their “New Gen” bank account.

BBVA Switzerland customers will be able to easily access transactions made with digital and traditional assets on mobile applications and similar platforms. They will be able to convert cryptocurrencies to fiat currencies such as dollars and euros. The same bank started to offer Bitcoin BTC transaction and custody services this year. He further expanded this service with Ethereum (ETH).

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

Bored Ape Yacht Club With Sandbox Developer Company To Develop NFT Game

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Bored Ape Yatch Club (BAYC) and The Sandbox developers Animoca Brands have partnered to develop and publish the blockchain NFT game.

Yat Siu, co-founder and chairman of the board of Animoca Brands, said in a statement: “NFTs have surfaced as a cultural repository. Bored Ape is one of the few collections that strongly represents the rise of NFTs, and is therefore an important community asset. We have the number one. I’m excited and proud to be working together on a game to contribute to this milestone.” said

The joint game The game is expected to be released in the middle of 2022.

BAYC

Bored Ape Yacht Club:
It is an NFT collection of 10,000 unique pieces. A Twitter profile photo was made by the famous NBA player Stephen Curry, which received great attention from people. Bored Ape provides NFT owners with many benefits such as discounts and special events.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

Ledger Launches Visa Debit Card Crypto Life card

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Ledger announced today the launch of a debit card called Cryptocurrency Life for Bitcoin and some cryptocurrencies. More than 50 million online shops and merchants will be able to pay with the newly released visa fold.

The tool that the Visa network will use is the result of a collaboration between Ledger and financial services company Baanx Group.

According to the information received, cards can be managed and loaded from the Ledger Live application, both desktop and mobile versions are available. In addition, these cards will be able to open lines of credit to obtain cash, use financial instruments and use cryptocurrency as a pledge for consumption. Interestingly, rates and other rates start at 0%, although they may vary by location.

What cryptocurrencies will Cryptocurrency Life use?
Bitcoin, Ethereum (ETH), Tether (USDT), European Cash (EURT), U.S. Dollar Coins (USDC), Ripple (XRP), Baanx (BXX), Bitcoin Cash (BCH) and Litecoin (LTC) may increase in variety in the future.

source: ledger.com

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

BitTorrent (BTT) completes initial investment in WOO network

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BitTorrent announced on November 9, 2021 that it has completed its first investment in the WOO Network as part of its $30 million Series A round.

BitTorrent (BTT), one of the decentralized P2P networks ranked 48th in the coinmarketcap, plans to use WOO to establish a new R&D regional office in Warsaw and accelerate global development.

Of course, BitTorrent will allocate a serious budget to develop products such as income generating products, social trading, DeFi trading.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

Binance prepares to apply for FCA approval to enter the market in the UK

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Changpeng Zhao (Binance founder and CEO) announced that he is preparing to apply for approval from the FCA to offer its wide range of products in the UK. FCA said Binance was operating without permission in the UK and warned about it. It is seen that Binance has started to work on this issue.

Following the opening of the Financial Conduct Authority (FCA), Changpeng Zhao said in a statement that Binance has recruited “a number of ex-regulatory staff and several hundred compliance workers from the UK”. “We want to continue to have a presence in the UK and to serve UK users in a fully licensed and fully compliant manner,” he said.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

Sapphiren RDNA 2-based mining cards GPRO X080 and GPRO X060 models

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It turned out that Sapphiren company produces special RDNA 2 based mining cards GPRO X080 and GPRO X060 models for mining. We know that the graphics card industry has been affected by the chip crisis in the world. For this reason, there was an increase in the price of graphics cards.

The Sapphiren RDNA 2-based GPRO X080 and GPRO X060 cards are mining specific, thus slightly increasing mining earnings. With Sapphiren GPRO X080 Navi 22 chip, it shows 165W TDP/38.05 MH/s excavation value by default. Sapphiren GPRO X080 can also be set to 93W to 41.6 MH/s. It also has 2,304 stream processors, a maximum clock speed of 2,132 MHz, 10GB of GDDR6 memory and a 160-bit memory bus.

On the other hand, Sapphiren GPRO X060 model, Navi 23 XL chip, offers 100W TDP/28 MH/s excavation power by default. It can be adjusted to 60W as 30 MH/s. Coming with 1,792 stream processors, a maximum clock speed of 2,044 MHz and 8GB of GDDR6 memory, the mining card offers a 128-bit memory bus.

We think that the price and in which countries it will go on sale will be announced soon.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

Coinbase acquires Unbound Security company

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Coinbase cryptocurrency exchange is preparing to acquire Israel-based crypto custody infrastructure company Unbound Security.

Coinbase said in a statement: “As this technology eliminates the need for offline storage, NFTs are critical to enabling DeFi and other Web3 applications.” Coinbase plans to integrate MPC technology into its retail and corporate products over time.

Brief about Unbound Security: Unbound Security has raised at least $40 million in external financing to date and has over 70 employees.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.