Category: Cryptocurrency News

The biggest bitcoin exchange in Latin America, Mercado Bitcoin, has raised $200 million from SoftBank as announced by its parent company 2TM Group. The fundraising is the most significant series B round in the history of Latin America and values 2TM at $2.1 billion — now the eighth biggest unicorn startup there. “Millions of people around the world are realizing that digital assets and cryptocurrencies are both innovative technologies and efficient stores of value — Brazil is no exception to Read more …

The below is an excerpt from a recent edition of the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Yesterday, it was reported that Soros Fund Management, led by infamous billionaire investor George Soros, received an internal nod of approval to begin trading bitcoin. The fund reportedly has around $27 billion under management, but the move is especially notable given the Read more …

While dogecoin and the ERC20 token shiba inu have surprised the masses with phenomenal gains this year, another dog token has entered the fray. A coin project called “Baby Doge” has risen 228.3% during the last 24 hours and even more so after Tesla’s CEO Elon Musk tweeted about the crypto asset. Another Canine Crypto Coin Sees Its Value Surge Just when you thought there were plenty of dog meme tokens flooding the market, another canine coin has broken free Read more …

As Bitcoin struggles to make a decisive move upwards, big news has had little effect to aid the bulls during this ongoing sell-off. From Morgan Stanley buying 28,000 shares of the Grayscale Bitcoin Trust (GBTC) to MicroStrategy holding over 100,000 BTC, to 640 banks in the U.S. offering BTC to their clients, many announcements have gone relatively unnoticed as BTC’s price bleeds. The entry of the investment giant Soros Fund Management into the crypto market could have the same fate. Read more …

A recent survey of financial advisors and their investing strategies shows “a significant shift to embracing cryptocurrencies.” More than 26% indicated that they plan to increase their recommendation of cryptocurrencies over the next 12 months. Furthermore, 49% of advisers said that clients have asked them about investing in cryptocurrencies in the last six months. Financial Advisors Show Significant Shift to Embracing Cryptocurrencies The 2021 Trends in Investing Survey, conducted by the Journal of Financial Planning and the Financial Planning Association Read more …

sponsored Zürich, Switzerland, 1 July 2021 – Anyone with a green conscience can now join the crypto movement. The next generation and world’s first truly sustainable blockchain Signum is now live. As a fully integrated smart platform featuring multiple innovations, Signum is a one-stop solution to transfer, trade, and mine its native cryptocurrency Signa (ticker: SIGNA). Signum combines world-class features such as smart contracts, peer-to-peer messaging, and token creation with fast and secure digital payments – all of them on Read more …

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has reportedly told investors that the country’s currency is overvalued by 10%. The governor’s remarks, which have been confirmed by two unnamed sources, suggest that the central bank is planning to devalue the naira again. Another Naira Devaluation Loading As previously reported by Bitcoin.com News, in May 2021, authorities in Nigeria allowed the naira’s exchange rate against the US dollar to drop from a fixed rate of 381 per Read more …

Digitalization allows people to optimize and accelerate many processes. For example, we have messengers for rapid communications and electronic wallets to make quick payments for goods and services. Unfortunately, most services require separate applications that clog up device memory and create confusion. The developers at XQR have found a solution to this problem. We suggest you take a closer look at this startup project, which many call a multifunctional social network of the future. What exactly is XQR? XQR’s developers Read more …

With South Africa receiving more than its fair share of cryptocurrency-related scams, a report suggests that regulators are responding to this challenge by fast-tracking the process of creating a new regulatory framework. As a result, regulators now expect this process, which was preceded “by the publication of proposals earlier in June,” to be complete “in three to six months.” Acknowledging Risks Associated With Crypto According to a report, under the requirements of the upcoming regulatory regime, players in South Africa’s Read more …

The congressional hearing hilariously titled “America on ‘FIRE:’ Will the Crypto Frenzy Lead to Financial Independence and Early Retirement or Financial Ruin?” is the gift that keeps on giving. NewsBTC already analyzed some aspects of it, but Peter Van Valkenburgh’s testimony merits an article on its own. The Director of Research at Coin Center got several important ideas on the record, and we’d better register and remember them. The previous article’s introduction still stands: The U.S. Congress Oversight and Investigations Read more …

Beijing subway has officially launched a new program that allows passengers to pay for rides with the central bank digital currency (CBDC) also known as the digital yuan. The news follows the subway system in East China’s Jiangsu province in the city of Suzhou which also allows digital yuan payments for subway fares. Digital Yuan Can Now Be Used to Pay for Fares on China’s Major Public Transport Railways China’s capital of Beijing and the People’s Bank of China (PBOC) Read more …

MANTRA DAO ($OM) has brought reality TV to the cryptosphere with the launch of a weekly YouTube series taking viewers behind the scenes and into the organization’s Hong Kong office. Having shot and released its third week of productions, each episode has so far followed MANTRA DAO co-founders John Patrick Mullin, Will Corkin, and Rodrigo Quan as they coordinate with team members around the globe and hold face-to-face meetings concerning upcoming developments and partnerships The series aims to give Sherpas, Read more …