Zimbabwe backs digital currency with 140 kilograms of gold

Cryptocurrency NewsBy 15/05/2023

The Zimbabwean authorities issued a digital currency, providing it with a gold reserve with a total volume of 140 kg. This is despite the warning from the International Monetary Fund that such a policy could lead to depletion of reserves. The central bank has already received 135 applications for the purchase of gold-backed digital tokens worth 14 billion Zimbabwean dollars ($12 million). The country’s authorities have announced that the second auction will take place on…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 14/05/2023

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Binance Announces Reduced Processing Time for ETH Withdrawal Requests from Staking

Cryptocurrency NewsBy 12/05/2023

The largest cryptocurrency exchange notified users that community criticism helped to reduce the processing time for requests to withdraw ether from staking from fifteen to five days. The new rules should go into effect next Thursday, May 18, starting at 8:00 UTC. “Binance will actively work to further reduce the processing time for ETH withdrawal requests from staking in order to better meet the needs of users,” the Binance team promised in an official statement.…

Tether Reports $1.48 Billion Profit in Q1 2023

Cryptocurrency NewsBy 11/05/2023

Tether, the issuer of the first USDT stablecoin by capitalization, has released its results for the first quarter of 2023. According to the report, the company’s net profit amounted to $1.48 billion. The total assets of the company reached $81.8 billion, of which about $2.44 billion was declared as excess reserves to support the liquidity of the USDT stablecoin. Most of Tether’s reserves are in US Treasury bills, according to audit firm BDO Italia. In…

Robert Kiyosaki announced the proximity of a recession and urged to buy bitcoins

Cryptocurrency NewsBy 10/05/2023

The author of the best-selling book Rich Dad Poor Dad told his 2.4 million Twitter followers that the sharp increase in the one-month Treasury bill’s yield indicates recession times are likely ahead. Robert Kiyosaki believes that bitcoin and precious metals are the best escape from such instability. “One-month Treasury bills are up 100 basis points. Does this mean that the global banking system is collapsing? .. Here are the experts who recommended one-month treasury bills…

Warren Buffett: “Bitcoin will not be the world’s reserve currency”

Cryptocurrency NewsBy 09/05/2023

Well-known investor and head of Berkshire Hathaway Warren Buffett said that the loss of people’s confidence in the dollar does not mean that bitcoin will become a global reserve currency. Buffett answered a question about the current de-dollarization trend and warned about the extent to which the US is printing money. “Forget about all the toys. Thinking about any tokens is a joke, it’s crazy. But it’s also crazy to just keep printing money,” he…

Capitalization of “token-meme” PEPE exceeded $1 billion

Cryptocurrency NewsBy 08/05/2023

Another “hype token-meme” PEPE continues to gain momentum – the token exchange rate has grown by 45% in a day, and its capitalization has exceeded $1 billion. At the same time, the token contract has an address blocking function. Yesterday, the token was trading at $0.0000022, and on the evening of May 5, the price reached $0.0000042, that is, the growth was almost 100%. Now, however, the rate has slightly decreased and is $0.0000033. However,…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 07/05/2023

Curve Finance launches Ethereum-based crvUSD stablecoin

Cryptocurrency NewsBy 05/05/2023

The developers of the decentralized exchange Curve Finance announced the launch of the crvUSD stablecoin on the main Ethereum network. Smart contracts for the functioning of the token have already been successfully deployed, but the user interface for working with them is not yet ready and is under development. “As many have seen, we have already deployed crvUSD smart contracts. However, the process is not yet complete as the user interface needs to be deployed.…

Santiment: Bitcoin Whales Purchased BTC for 1.8 Billion

Cryptocurrency NewsBy 04/05/2023

According to Santiment’s April reporting data, large bitcoin investors increased their asset holdings in the first cryptocurrency by 64,000 BTC (about $1.8 billion). In their report, Santiment analysts note that bitcoin whales set their sights on replenishing BTC reserves, despite the opinion that the final direction of the asset’s price movement has not yet been formed. Large investors still adhere to the belief about the prospect of growth in BTC. Illustrating their observations, Santiment experts…

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