Crypto exchange Kraken announced the launch of its own bank

Cryptocurrency NewsBy 08/03/2023

The American crypto exchange Kraken has confirmed its intention to open its own banking institution, despite the difficult regulatory environment and complaints from regulators. The statement came amid Kraken’s refusal to use Signature Bank, which was under investigation by US law enforcement agencies in the case of complicity in the fraud of the FTX Group. As follows from a recent message on Twitter, a specific date for the opening of the bank, tentatively called Kraken…

Cryptocasino Roobet announces partnership with Snoop Dogg

Cryptocurrency NewsBy 07/03/2023

Cryptocurrency casino Roobet has announced that the legendary rapper and crypto enthusiast will be their “chief travesty”. Together, they will work to “shake up the industry and provide players with a unique experience. ” In slang, “travguru” or “ganjaroo” (ganjaroo) is a mythical kangaroo that carries marijuana in a bag. Kangaroo appears on the Roobet casino logo. “It turns out that I have been a kind of kangaroo all this time. The guys are working…

Galaxy Digital: Capitalization of NFT in the Bitcoin network will reach $4.5 billion by 2025

Cryptocurrency NewsBy 06/03/2023

The Ordinals protocol, which allows the issuance of NFTs on the Bitcoin network, was launched in January of this year. According to analysts at Galaxy Digital, the capitalization of Bitcoin-based NFTs will reach $4.5 billion by 2025. Ordinals allows users to encode various data, such as images, PDFs, audio and video, as a single Satoshi, which is 0.00000001 BTC. Galaxy Digital analysts believe that NFTs in the Bitcoin network have great potential, and by 2025…

Hedging, Scalping & News Trading – What Are They?

Cryptocurrency NewsBy 05/03/2023

Hedging, Scalping & News Trading – What Are They? These are commonly known strategies across the Forex and CFD trading markets, but what exactly are they? Here is a light guide for beginners who are interested in learning more about these trading techniques as well as, a brief introduction to technical and fundamental analysis. 1. Hedging To hedge, in trading, is to take an inverse position in an asset or trade that…

Ripple: About 300 payment companies believe in the potential of blockchain and cryptocurrencies

Cryptocurrency NewsBy 05/03/2023

According to a survey conducted by Ripple and Faster Payments, about 300 payment providers from 45 countries believe that blockchain and cryptocurrencies can improve traditional finance. Cryptocurrencies can increase the speed of payments and settlements, as well as make them more transparent and accessible to people, unlike existing financial systems, the interviewed providers assured. 97% of industry leaders believe that the latest technologies will speed up payments in the next three years, but this requires…

Visa denied rumors about the suspension of participation in crypto projects

Cryptocurrency NewsBy 04/03/2023

Payments giant Visa said it was not going to slow down its efforts to develop cryptocurrency projects, despite the difficult period for the digital assets industry. The fact that Visa and Mastercard firms are suspending the development of cryptocurrency-related initiatives was initially reported by Reuters. However, according to the head of Visa cryptocurrencies, Cuy Sheffield, this information is not true, although there are problems in the cryptocurrency industry. “Despite the difficult period for the cryptocurrency…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 03/03/2023

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…

Reuters: Australian retirees are losing millions of dollars on crypto investments

Cryptocurrency NewsBy 03/03/2023

According to Reuters, thousands of Australians who invested their retirement savings in crypto assets faced losses totaling hundreds of millions of dollars. We are talking about participants in self-managed pension funds (SMSF), which are outside the competence of Australian prudential regulators and allow them to independently make investment decisions within the limits of pension savings. In Australia, SMSF funds can be used to take out loans to buy houses and farms, buy shares in private…

Exchange Kraken closes office in Abu Dhabi and exits the UAE

Cryptocurrency NewsBy 02/03/2023

Cryptocurrency exchange Kraken announced the termination of operations in the United Arab Emirates, as well as support for retail and institutional clients in this region of the world. For the first time, information about the possible termination of the Kraken exchange operations in the UAE became public in early February. At that time, the exchange was completing a similar stage of exit from the Japanese market, going through the deregistration procedure with the Japan Financial…

Ethereum Developers Successfully Perform Shanghai Hard Fork on Sepolia Testnet

Cryptocurrency NewsBy 01/03/2023

The Shanghai and Capella hard forks were successfully activated on the Ethereum Sepolia testnet. The update of the main network of the second cryptocurrency should take place in March. Shanghai is updating the execution layer on the client side, and Capella is making some changes to the network consensus. The main change after the updates will be the ability to withdraw ethers from staking, and validators will be able to withdraw only rewards for staking.…

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