Author: The News Desk

Binance, Founded by Changpeng Zhao in 2017, is the largest cryptocurrency exchange in the world. Since inception, its market share quickly grew outshining competitors and expanding rapidly. In todays market, Binance has grown to become more than just the place investors go to buy and sell crypto, with products such as BNB coin, Binance chain, and the Binance Smart Chain (BSC) Network. Binance maintains its edge over competitors due to the range of unique services which are unmatched by competitors. One of these being, Binance Earn, offering a simple and secure way to utilise popular coins to earn a %…

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Cryptocurencies have had a rough start this year, we saw ETH and BTC reaching highs that had not been seen since last year, with ETH topping out at $3,894 in January 2022 before crashing to $2,315 just weeks later. Things started to look positive as we have steadily recovered in the beginning months of 2022 however a new wave of negative market sentiment has hit as downward trends sweep the market and trader outlook dims. ETH / USD January 2022 – April 2022 Most altcoins are also feeling the hit, one of these, being Fantom (FTM). In the last 24hours…

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This week we’ve seen multiple cryptocurrencies take a dive with ETH dropping under $3,000 and Bitcoin hitting as low as $39,000 (4/18/2022), down from its resistance level of $40,000. At the time of writing this article BTC currently trades at $38,950, down almost 10% from the previous trading week. BTC/USD – 18/04/2022 – Source: TradingView Traders anticipate further impact to prices due to tightening regulations and poor corporate earning reports due to overvaluation. As Q1 earning reports release in the coming weeks it is likely that re-valuations will take place further damaging the outlook of the financial markets. Historically with…

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After the 2022 Bitcoin Conference hosted in Miami, the people left with the idea that Madeira, a small region in Portugal, would adopt Bitcoin as legal tender much like El Salvador. Defining Bitcoin as legal tender would legally recognise the currency as an official accepted form of payment for taxes, debts and other financial matters. However it has been confirmed by government representatives in Madeira that there are no plans to make Bitcoin legal tender. Moments before the president of Madeira – Miguel Albuquerque – stepped onto the main stage at the Miami Bitcoin conference, Samson Mow, ex-Blockstream chief strategy…

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US president Joe Biden has said he plans to nominate Michael Barr to be the Federal Reserve’s next vice chair of supervision. Barr, who was previously said to be under consideration to lead the Office of the Comptroller of the Currency, served in the Treasury Department under President Barack Obama, where he helped develop the 2010 Dodd-Frank regulatory framework for financial institutions. Barr later served as an advisor to the distributed ledger tech company Ripple. He is currently a faculty member at the University of Michigan. “I will work with Senate Banking Committee Chair Sherrod Brown to move Barr’s nomination…

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Crypto entrepreneur Sina Estavi bought Twitter founder Jack Dorsey’s first-ever tweet as an NFT for $2.9 million last year. He listed the NFT for sale again at $48 million last week. A non-fungible token (NFT) of Twitter founder Jack Dorsey’s first-ever tweet could sell for just under $280. The current owner of the NFT listed it for $48 million last week. Iranian-born crypto entrepreneur Sina Estavi purchased the NFT for $2.9 million in March 2021. Last Thursday, he announced on Twitter that he wished to sell the NFT, and pledged 50% of its proceeds (which he thought would exceed $25 million) to charity. The auction closed…

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Bitfinex, a cryptocurrency exchange, and Tether, issuer of USDT, the largest stablecoin by market cap, have partnered to launch a cryptocurrency fund to support Salvadoran families affected by gang violence. The two companies have donated 25 BTC to start the initiative, and expect many more will join. The President of El Salvador, Nayib Bukele, declared a state of emergency two weeks ago. Bitfinex and Tether Bootstrap Charity Campaign for Salvadoran Families Bitfinex and Tether are worried about the destiny of the Salvadoran people. The two companies have recently announced a crypto fund directed to help Salvadoran families affected by the violence happening in the country.…

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Bitfinex, a cryptocurrency exchange, and Tether, issuer of USDT, the largest stablecoin by market cap, have partnered to launch a cryptocurrency fund to support Salvadoran families affected by gang violence. The two companies have donated 25 BTC to start the initiative, and expect many more will join. The President of El Salvador, Nayib Bukele, declared a state of emergency two weeks ago. Bitfinex and Tether Bootstrap Charity Campaign for Salvadoran Families Bitfinex and Tether are worried about the destiny of the Salvadoran people. The two companies have recently announced a crypto fund directed to help Salvadoran families affected by the violence happening in the country.…

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Emirates plans to expand the airline’s use of the metaverse and launch NFTs to increase revenue and improve customer service, it said in a statement on Thursday. The NFTs are designed to be both collectible and utility-based, and the first projects are already underway, with launch anticipated in the coming months, it said. Emirates added that its Emirates Pavilion at the Dubai Expo 2020 site will be repurposed as a center for innovation and future-focused projects involving the metaverse, NFTs and web3. CEO and chair Saeed Al Maktoum said: “Dubai and the UAE are blazing the way in the digital economy, having…

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Hours after announcing a $41.4 billion cash offer to buy Twitter, Elon Musk explained his motivation on a TED conference stage on Thursday. The Tesla CEO said that Twitter is a de facto town square and that it should be an inclusive arena for free speech. “My strong intuitive sense is that having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization,” he said in a conversation with the head of TED Chris Anderson. “The civilizational risk is decreased the more we can increase the trust of Twitter as the public platform.” Musk said that his intent was not…

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