Category Archives: MARKETS NEWS

MARKETS NEWS

Crypto.com decides to partner with Twitch Rivals

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Crypto.com is joining forces to bring the crypto industry to the eSports scene, in partnership with Twitch Rivals. The deal will see Crypto.com become Twitch Rivals’ first “Official Cryptocurrency Platform Partner” and an “Official Marketing Partner” with exclusive rights to Twitch events, in-stream branded segments, media placement and activations.

Crypto.com’s brand and logo will appear on more than 250 Twitch Rivals streams each year globally, including in the Asia-Pacific region. The partnership will be held live from Las Vegas at the Ultimate Challenge event on November 4.

Twitch is the world’s largest eSports streaming platform. Twitch Rivals is a series of esports tournaments hosted by the leading eSports streaming service twitch.tv, attracting over 140 million unique visitors each month from a different global audience.

“We are extremely excited to add Twitch Rivals, the home of eSports, to our growing portfolio of the world’s best brands in sports,” said Kris Marszalek, co-founder and CEO of Crypto.com.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individua

MARKETS NEWS

ADDX exchange introduces its first crypto product

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ADDX exchange launched its first cryptocurrency product. ADDX exchange introduced its crypto product with the listing of a digital asset fund by investment manager Trovio Capital Management (TCM).

TCM Digital Asset Fund approaches crypto investment in a different way. Besides key positions in Bitcoin and Ethereum, the fund invests in seven other top-performing cryptocurrencies that are regularly identified and reviewed through a proprietary quantitative analysis method. The Fund has an independent director, auditor and custodian. It is among the first digital asset funds to be overseen by KPMG. Custody and trading services are provided by Nasdaq-listed Coinbase.

Oi Yee Choo, Chief Commercial Officer of ADDX, said: “Cryptocurrencies are most likely the digital gold of our time. There is strong demand among investors for exposure to these digital assets. The traditional financial world initially tried to keep a cautious distance. But today, major financial institutions either have a crypto offering or are seriously considering it. We believe that the time to discuss whether cryptocurrencies have a place in an investment portfolio is almost over. The more relevant question now is how crypto investments should manage their risk in terms of asset retention and price volatility. Professionally managed crypto funds with a good track record could potentially address these risk concerns for investors.”

Ms. Choo added: “ADDX is pleased to work with Trovio on this first crypto offering to investors on our platform. Led by Jon Deane, the team has deep expertise in both traditional finance and crypto, and this is reflected in their meticulous approach to conceptualizing and bringing this institutional-level fund to market. As Singapore establishes itself as a major global hub for regulated crypto activity, ADDX aims to make a positive contribution to the city’s crypto landscape by adding a rich variety of high-quality offerings to investors.”

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individua

MARKETS NEWS

Australian bank Commonwealth Bank will allow customers to hold and use cryptocurrency

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Commonwealth Bank of Australia will be the first major bank to allow its customers to buy, sell and hold products in cryptocurrencies.

Commonwealth Bank released a statement Wednesday, saying it has partnered with cryptocurrency exchange regulator Gemini to design a service for the CommBank app. It will allow its clients to access crypto assets, including Bitcoin, Bitcoin Cash, Ethereum and Litecoin.

Implementation will begin in the coming weeks. Matt Comyn, CEO of Commonwealth Bank, said: “The emerging and growing demand for digital currencies from customers creates both challenges and opportunities for the financial services industry, where a significant number of new players and business models are innovating in this space. To meet a growing customer need and We believe we can play an important role in crypto to provide capability, security and trust in a crypto trading platform.” said

Dave Abner, Head of Global Business Development at Gemini, said the partnership will “set a new standard for banks and financial platforms in Australia”.

Commonwealth Bank has announced it will become the first major Australian bank to allow customers to buy, sell and hold cryptocurrency. Credit: MORGAN SETTE/AAPIMAGE

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 suspends bitcoin and cryptocurrency withdrawals due to technical issues

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Binance suspended all bitcoin and crypto withdrawals in the early hours of Monday (01) due to a technical glitch.

The announcement was made at 08:37 on the company’s official Twitter profile. After about 20 minutes, the exchange announced that the situation was back to normal and withdrawals could be made again very soon.

Binance founder Changpeng “CZ” Zhao also said on Twitter that the team is working to resolve the issue and users’ funds are safe.

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

They stole thousands of dollars worth of Bitcoin by impersonating Elon Musk

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Fraudsters impersonating Tesla CEO Elon Musk were found to have stolen $62,654 worth of Bitcoin from a victim. Cryptocurrency monitoring service Whale Alert reported the theft.

Users who impersonate a famous name often ask users to send cryptocurrencies with YouTube ads, promising to get double the refund in return.

Among the people these scammers love to impersonate the most are Elon Musk, who is very popular in the cryptocurrency market, Vitalik Buterin, the founder of Ethereum, and Charles Hoskinson, the founder of Cardano.

source: investing.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

Burger King partners with Robinhood

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Burger King has partnered with Robinhood to offer millions of crypto rewards Burger King customers will be handing out cryptocurrency gifts. If they spend more than $5 in the Burger King store or app or website, they can enter to win 20 bitcoins, 200 Ethereum or 2 million DOGE.

Burger giants are starting to distribute giveaways to win over indecisive consumers who are increasingly inclined to digital ordering. The UK Royal Perks, for example, offer a chance to win 10 crowns for each purchase. Crowns can be redeemed for free food and drinks. Members can also receive limited-time-only specials and free daily benefits.

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

Crypto mining stock, three stocks you should follow. Hut 8, RIOT, ARBK

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Bitcoin has gained 109% so far this year, and TipRanks has revealed three crypto mining companies to watch. According to the platform, these are Strong Buy stocks with strong upside potential.

Hut 8 Mining Company
Hut 8 Mining is one of North America’s pioneers in mass scale mining. It focuses on Bitcoin and Ethereum mining and provides investors with easy access to the crypto market. The hash rate for BTC is 2.5E/H PH/s and for ETH 1,600 GH/s. Hut 8 uses a combination of high-end ASIC and GPU mining equipment to stay ahead of the competition.

Riot Blockchain (RIOT)
Riot Blockchain is the largest Bitcoin miner in the US. It focuses on improving hash rate and infrastructure capacity. Currently, Riot consumes 73 megawatts of power in its mining operations. It has a hash rate of 2.2 exahash per second and an efficiency rating of 30.1 W/TH. This company’s stock also receives a Buy rating from Brendler and four other analysts. The stock has the potential for a 71% year-on-year increase with shares selling for $27.22 and an average price target of $46.60.

Argo Blockchain (ARBK)
Argo Blockchain is a London-based crypto miner with facilities in Quebec and Texas. They operate world-class 45-megawatt Bitcoin mining servers in North America and have a hash rate of 1075PH, ranking them among the top 0.7% of Bitcoin miners in the world. They earned $112.5 million in gross revenue after being listed on the NASDAQ.

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

Crypto.com launches $100 million ad campaign with Matt Damon

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Crypto.com stock market, which makes serious investments especially in sports, plays the famous US actor Matt Damon in his latest advertisement. Crypto.com reported that it has allocated a budget of $100 million for its advertising campaigns.

Crypto.com has launched a massive global ad campaign using the phrase “Fortune favors the brave”. Speaking to CoinDesk, one of the company spokespersons said that the exchange has allocated a budget of $ 100 million for the global campaign, and the project covers 20 countries.

The commercial, starring the famous US actor Matt Damon and shot by Oscar-winning director Wally Pfister, was officially announced by Crypto.com today and published on its social media account.

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

Ethereum Crushes Bitcoin Growth Ahead of Network Upgrade

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Ethereum outperformed other top cryptocurrencies, Bitcoin, last week, ahead of an upgrade that will help make its affiliate network faster and more energy efficient. The world’s second-largest cryptocurrency has increased by about 10% since Oct. Ethereum also surpassed alternative digital tokens such as Binance Coin and Cardano during this period.

The rise comes before an upgrade planned on Wednesday that could make the Ethereum network faster, scalable and lead to lower fees for users. Ethereum has risen nearly 1,000% in the last 12 months. This exceeds Bitcoin’s 380% gain, in part due to the network’s popularity for applications such as decentralized finance and immutable tokens.

Ethereum, like other cryptocurrencies, is prone to large fluctuations and lost more than half of its value before recovering earlier this year. Ethereum is trading around $4,200 at press time. Meanwhile, cryptocurrency liquidity provider B2C2 announced in a recent report that it is preparing to announce a potential Ethereum futures exchange-traded fund (ETF) for launch on the options market.

Bloomberg Intelligence strategist Mike McGlone wrote in a report on Monday: “The dollar value of Ethereum futures has risen to the level that Bitcoin was in July, suggesting that the ETF is trailing the second-largest cryptocurrency. It’s a matter of time.” “ETF providers have yet to approve the launch of ethereum-related products by the Securities and Exchange Commission, but they suggest futures trading, demand traction, and the inevitability of competition.”

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.

ALTCOIN NEWS, MARKETS NEWS

Helium to partner with Dish Network

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Helium is partnering with Dish Network to expand its crypto-based distributed 5G platform. Helium is a project focused on the 5G Internet of Things. On October 26, it was announced that it has taken an important step towards further expansion as a new partner with Dish Network.

According to the announcement, the partnership will offer Dish Network subscribers the opportunity to operate Helium nodes and earn HNT token rewards for sharing 5G wireless services with people in their region.

The Dish Network partnership is the latest in a year of intense growth for the Helium network, which currently has more than 256,000 individual nodes operated by 93,561 users worldwide. This partnership with Dish Network was made possible by a community vote in April and through partnership with FreedomFi approved the addition of a second 5G-capable network to the protocol. This will enable Helium to offer support for devices such as smartphones, tablets and laptops.

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.