Peer-to-peer NFT sales surge as average purchase price increases 7X
The total lifetime NFT volume on the Ethereum blockchain alone has exceeded $120 million. Non-fungible tokens and digital collectibles have been selling like hotcakes over the past couple of months as volumes on peer-to-peer marketplaces surge. From NFTs representing NBA finals moments to crypto industry character cards, the total lifetime Continue Reading
Mainstream DeFi is ‘inevitable’: US currency comptroller
The U.S acting comptroller of the currency believes the role banks play in society will soon be transformed by crypto assets and DeFi. The U.S acting comptroller of the currency, Brian Brooks, predicts th decentralized finance (DeFi) will render many of the financial services offered by banks obsolete, just as Continue Reading
Hotel Bitcoin ATMs on the Rise With Addition of Swiss Hotel Dolder Grand
The number of hotels with a bitcoin ATM on-site is growing in Switzerland. The latest announcement came from The Dolder Grand, a luxury hotel and spa in Zurich, which recently installed a crypto ATM supporting four cryptocurrencies. Bitcoin ATMs Gaining Popularity in Hotels The Dolder Grand announced Monday that a Continue Reading
The Bahamas launches world’s first CBDC, the ‘Sand Dollar’
This makes The Bahamas one of the first countries in the world to officially launch a CBDC beyond a pilot program. The Central Bank of the Bahamas has announced the country’s “Sand Dollar” — a state-backed virtual currency — is now available nationwide. According to an Oct. 20 Facebook post Continue Reading
Bitcoin price rally to $12K is meaningless until bulls flip it to support
Bitcoin price is near $12K again but this level may cause more harm than good if bulls fail to flip it to support. On Tuesday Bitcoin (BTC) bulls mustered enough strength to push BTC price slightly above the $12K mark, a level not seen since Sept. 1. Cryptocurrency daily market Continue Reading
Private Vs. State-run digital currencies: which could replace the dollar?
Author David Birch says a number of digital assets will arise to challenge the dollar as the dominant world currency. According to David Birch, fintech guru and author of “The Currency Cold War”, if the U.S. doesn’t ramp up its efforts in the digital currency race, the global dominance of Continue Reading
Brazil is prepping an IPO for its state-run digital bank
Brazilian Minister defends IPO of federal digital bank created to aid population during pandemic Brazil’s Minister of Economy, Paulo Guedes, said during an online event this Tuesday that Brazil “is about to” join the Organization for Economic Cooperation and Development (OECD) and that the Brazilian government has plans to launch Continue Reading
Breakout or fakeout? Top traders react to Bitcoin price rally to $12K
Bitcoin price rallied to $12,000, but traders are unsure whether the move is a breakout or a fakeout. Within the past few hours, Bitcoin price rose to $11,988 before pulling back to hover around the $11,900 level. The price is on the cusp of breaking above $12,000, and some analysts Continue Reading
Bitcoin Proponents Bemoan Joe Biden’s Proposed Capital Gains Hike
The U.S. presidential election is only 14 days away, and a number of bitcoin proponents have been discussing the capital gains tax implications Joe Biden plans to invoke if he wins the American presidency. According to Biden’s plan, capital gains will be raised from 21% to 39.6% for certain income Continue Reading
OKEx users express frustration over suspended withdrawals
“It’s a bit weird one of the biggest exchanges in the world isn’t letting us withdraw money for so long,” said one crypto Twitter user. Major exchange OKEx suspended crypto withdrawals on Oct. 16. With little information coming from the firm or its CEO Jay Hao in the time since, Continue Reading