• December 9, 2021

Top Soccer Clubs have Suspended their Deals with Crypto Companies

Crypto adoption is finally hitting the sports industry, and they are chugging it up like crazy; many non-fungible tokens and blockchain-oriented projects are being discussed and franchised by various football clubs across the globe. The very reason to do so is that crypto is popular, and no one wants to feel left behind. But there…

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IMF Recommends El Salvador to Stop Using Bitcoin as Legal Tender

El Salvador remains the only country to date which accepted Bitcoin as a legal tender, whereas many other nations and countries merely tried to patronize the thought/idea of doing so. El Salvador was given a fair amount of warnings from the IMF and the World Bank against this initiative, but it didn’t bother to have…

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Grayscale Investments Questions SEC’s Decision To Discard BTC Spot ETFs

In a letter of November 29th, the SEC (Securities and Exchange Commission) of the United States has been questioned by Grayscale Investments for deciding to prohibit BTC Spot ETFs. The company has claimed that the Securities Department has no base of discriminating by permitting the investment into the market of derivatives and blocking the market…

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Meta’s Cryptocurrency Head Is Leaving the Company At This Year’s End

Meta’s fintech unit and crypto’s head, David Marcus, will resign from his position at this year’s end. The new face on his place will be Upwork’s former CEO, Stephane Kasriel, who has been previously providing services at Facebook (former name of Meta) since August recent year. Marcus shared his decision on 1st December via a…

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Ethereum2.0 Developers Ask the Community’s Help To Test the Network Merge

The developers of ETH (Ethereum) have invited the network’s community to assist in testing the long-expected Merge among Beacon Chain, which is based on PoS (proof-of-stake), and Etherem mainnet. The Merge counts to be a prominent landmark towards the evolution in the direction of Eth2 because it will witness the transition of the Ethereum network…

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Self Mining Firm Griid Is Planning Its Listing On NYSE

Adit Ed Tech Acquisition Corp, known as a SPAC (special purpose acquisition company), intends to acquire self-miner for Bitcoin (BTC) from Griid Holdco, as disclosed by the companies on Tuesday. The scheduled transaction considers the combined firm, including debt. Up to $246M will be received by the mining firm in cash provided by the trust…

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Stablecoin Terra Unveils Its Liquidity Plans

Though USDT (Tether) and USDC (USD Coin) are considered to be the most suitable stablecoins in the ecosystem of cryptocurrency, another such coin appears to move toward the top. On November 30, the official account of UST (TerraUSD) on Twitter posted a proposal to increase the liquidity of the coin on Ethereum, via utilizing a…

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Avalanche (AVAX) Fights Shiba Inu and Dogecoin for Top Spot

Many new projects are designed within the realms of the crypto market and continue to grow further. Some digital products have also been introduced, such as exchange-traded funds, blockchain platforms, decentralized apps, and if none of these, then non-fungible tokens. Governments, communities, and institutional organizations all seem hopeful with these digital assets, and evidently, they…

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Hong Kong Police have Rescued Crypto Trader Kidnapped by Local Gang

Recently a crypto trader in Hong Kong was kidnapped by a group of anonymous people; the police of Hong Kong are still searching for those responsible and making arrests. Luckily the crypto trader who was kidnapped got saved by the police and is now safe. According to a local media report, a 39-year-old crypto trader…

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Square to Release Whitepaper for its DEX

The Square Inc. is a crypto financing project co-founded by Jack Dorsey and Jim McKelvey. The company has currently decided to make its secret TBD project visible to the public. A TBD platform is a protocol that allows the developers to create open-sourced financial applications on the Bitcoin blockchain network. Square Inc. has also published…

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