Browser-based blockchain payments system Nimiq has acquired a 9.9 percent stake in Germany’s WEG Bank AG. Browser-based blockchain payments system Nimiq has acquired a 9.9 percent stake in Germany’s WEG Bank AG, according to an official announcement published on April 3. The stake acquisition comes as part of Nimiq’s new strategic partnership with WEG Bank […]
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Celo plans to use a dedicated USD-backed stablecoin to provide unbanked consumers with payment options. Blockchain payments startup Celo has raised $30 million from well-known crypto investors Polychain Capital and Andreessen Horowitz, the Wall Street Journal (WSJ) reported on April 2. Celo, which is the trading name of A Protocol Inc., plans to use an […]
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Cryptocurrency markets continue their bullish trend from yesterday, with most major coins seeing solid gains today. Tuesday, April 2 — The leading cryptocurrency Bitcoin (BTC) is holding its gains following a rally last night, with other major cryptocurrency markets registering solid growth as well. Market visualization from Coin360 BTC is trading at around $4,904 at […]
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A recap of the latest news surrounding the Mt. Gox saga. It is one of the biggest cryptocurrency hacks of all time and still remains the biggest Bitcoin (BTC) hack the world has ever seen. The 2011, a security breach on Mt. Gox’s platform, the now-defunct Japanese cryptocurrency exchange, saw 850,000 Bitcoin stolen. Although 200,000 […]
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Coinbase has revealed details of its insurance coverage for its hot wallet crypto holdings, reportedly covering a $255 million limit via a Lloyd’s of London-registered broker. Major American cryptocurrency exchange Coinbase has revealed details of its insurance coverage for its hot wallet crypto holdings, reportedly covering a $255 million limit via a Lloyd’s of London-registered […]
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American venture capital firm Andreessen Horowitz has renounced its venture capital exemptions and registered as a financial advisor. American venture capital firm Andreessen Horowitz is restructuring by registering all of its employees as qualified financial advisors, Forbes reported on April 2. Andreessen Horowitz — a Silicon Valley company specializing in investing mostly in technology and […]
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Cryptocurrency bull Brian Kelly has predicted that the next Bitcoin target is going to be $6,000. Brian Kelly, the founder and CEO of digital currency investment firm BKCM LLC, said that the next Bitcoin (BTC) target is going to be $6,000, CNBC reported on April 2. During an interview on CNBC’s “Futures Now” show, Kelly […]
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The State Bank of Pakistan, the nation’s central bank, aims to issue a digital currency by 2025. Jameel Ahmad, the deputy governor of the State Bank of Pakistan (SBP), the nation’s central bank, declared that the institution aims to issue a digital currency by 2025, Pakistani YouTube news channel Public News reported on April 1. […]
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How a user gaming the Augur network led to the debate on the validity and effectiveness of decentralized networks. According to a Reddit thread on March 19, traders on Augur, a decentralized oracle and peer-to-peer protocol for prediction markets, are being scammed. The Reddit user claims that “some people” in the Augur community are exploiting […]
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The new San Juan Mercantile Exchange subsidiary is now live after gaining a banking license in March. Puerto Rico-based cryptocurrency trading platform San Juan Mercantile Exchange (SJMX) has launched banking operations via a new subsidiary, the company announced in a press release on April 2. SJMX, which exists as a membership-based exchange for digital asset […]
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