Terraform Labs to sell 4 companies as part of wind-down
The bankrupt Terraform Labs is looking to sell four of its companies as it winds down operations to comply with its multi-billion SEC deal.
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$2.3B in Bitcoin exchange outflows dwarfs the amount of new BTC mined
Bitcoin exchange reserves dropped from 2.5 million to 2.355 million in the past month as around 145,000 BTC, worth $2.35 billion, moved out of exchanges. 1367 Total views 18 Total shares From Oct. 15 to Nov. 15, Bitcoin (BTC) exchange outflows dropped from 2.5 million to 2.355 million, the lowest levels since August 2018. Approximately…
Amex CEO hints at exploring ways to allow credit card holders to redeem points for crypto
“We’re exploring other ways, potentially, to redeem your membership rewards points, but I don’t think you’re going to see an American Express card linked to cryptocurrency anytime soon," said Stephen Squeri. 241 Total views 13 Total shares American Express credit card holders may one day be able to redeem points for cryptocurrencies, but the company…
Bank of China Uses Blockchain to Issue $2.8B Worth of Financial Bonds
The adoption rate of blockchain technology in China continues to impress as the Bank of China has reportedly issued 20 billion yuan ($2.8 billion) in blockchain-based special financial bonds for small and micro-enterprises.According to local news outlet Sina Finance in early December, the funds are specifically used to issue loans to these Chinese small and…
Major US Museum Becomes Country’s Third to Accept Bitcoin as Payment
Great Lakes Science Center, a major museum and educational center in Cleveland, Ohio, is accepting Bitcoin (BTC) as payment as of today, Nov. 13. Local business news source Crain’s Cleveland Business (CCB) reported on the development Nov. 9.According to SpendBitcoins USA – a directory of retail merchants that accept Bitcoin as payment – at least…
Price analysis 3/31: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Data from the Personal Consumption Expenditures (PCE) index showed an uptick of 0.3% in February, which lower than the 0.5% increase seen in January. Economists had projected a rise of 0.4% and the PCE data suggests that inflation is gradually showing a decreasing trend. Risky assets rallied in response to the data and some analysts expect…
Spanish rehab center adds crypto trading addiction to services list
The rehabilitation center cited estimates that about 1% of cryptocurrency traders will develop an "extreme" addiction to crypto trading. 292 Total views 3 Total shares Own this piece of history Collect this article as an NFTA luxury rehabilitation center in Spain has recently added services aimed at treating a relatively new kind of addiction —…
Binance receives licenses to offer crypto services in El Salvador
The exchange reported receiving approval for Bitcoin Services Provider and Digital Assets Services Provider licenses in El Salvador, where Bitcoin has been legal tender since 2021. 73 Total views 5 Total shares Global cryptocurrency exchange Binance has reported being granted licensing to provide services to residents of El Salvador.In an Aug. 8 announcement, Binance said…
NFT prices misfire as OpenSea daily active user volume drops 30% in a week
While it seems OpenSea is keeping pace with January’s total volume of $5 billion by generating over $1.3 billion in total volume the last 7 days, the number of active users has decreased by more than 30% according to data from Dune Analytics.Are we beginning to see a lull in trader activity as a sign…