Crypto news

The five-star hotel W Dubai – The Palm allowed guests to pay for accommodation in Shiba Inu (SHIB). Another luxurious venue in the city where travelers can settle bills in digital currencies, such as BTC and ETH, is Palazzo Versace Dubai. The American multinational fast food restaurant franchise – Subway – also jumped on the bandwagon. Three of its outlets situated in Berlin started accepting bitcoin as a means of payment. The Palm Embraced SHIB W Dubai – The Palm – one of...

The prominent bitcoin bull – Michael Saylor – opined that the FTX crisis will have certain benefits on bitcoin. In his view, the turbulence will eliminate thousands of useless digital assets while the primary cryptocurrency and a “handful” of other coins will be the only survivors. ‘Bitcoin Will be the Winner’ In a recent interview for CNBC, MicroStrategy’s Executive Chairman – Michael Saylor – argued that bitcoiners (like himself) are “trapped in a dysfunctional...

Bitcoin experienced a significant drop in mid-October of this year after roughly 48,000 units were moved out of Coinbase, one of the world’s leading and most popular digital currency trading platforms. Coinbase Loses a Lot of BTC Business The transaction was first reported on by Crypto Quant, which claims the outflow of bitcoin from Coinbase was the second largest in the history of the digital currency arena. The company claims this is proof that virtually everyone –...

The co-founder of Ethereum has shared some thoughts on the FTX fallout and, more precisely, on the reaction toward the former CEO – Sam Bankman-Fried. It appears that the cryptocurrency community is unanimous in its stance against the action of Sam Bankman-Fried, the former CEO of FTX. The overwhelming majority of reactions are entirely negative, with many calling for prison time and the most severe regulatory punishments. Vitalik Buterin, the founder of Ethereum, has also...

Market participants are going through a period of fear and uncertainty as the FTX exchange has recently announced bankruptcy after facing a massive liquidity crunch. As a result, Bitcoin plunged and marked a new low at $15.5K. Technical Analysis By Shayan The Daily Chart The $18K level had been supporting the price for several months. However, Bitcoin was recently rejected and experienced a massive shakeout, plunging beneath it following massive bearish momentum. The market...

It can be extremely difficult to establish a new digital token, much less have it listed on a legitimate exchange. Thus, traders should probably be giving Oobit Technologies a pat on the back, as it’s managed to do both within a relatively short period. Oobit Has Unveiled Its New Crypto Token Oobit – a crypto payments solution – has created what it’s calling the OBT utility token, which will be the official digital currency of the company. It was first listed on the MEXC...

Bitcoin mining firms have had to do a lot to show that they are not just about extracting units from the blockchain to be added to circulation. There is a reason for this: in showing they’re not just about bitcoin mining, they have hopes of staying in business. Bitcoin Mining Companies Need New Ways to Garner Funds One of the big things bitcoin mining companies need to do now is show that they can make it in other arenas. This is because the bitcoin mining space is...

FTX’s collapse stirred the cryptocurrency market in a way that not many expected, but there’s some silver lining, however tiny it may seem. For once, most of the leading exchanges decided to go ahead with their proof-of-reserves and published the majority of their addresses that contained the funds stored on their platforms. CryptoCom is one of the exchanges that published their addresses, showcasing how much and what cryptocurrencies it stores on behalf of its customers....

[PR – Leeuwarden, Netherlands, 11th November, 2022, Chainwire] The web3 gaming company Kryptomon which develops the living-NFT-powered metaverse game combining Play-and-Earn gaming mechanics, announced today its partnership with Unstoppable Domains, the leading provider of Web3 domains. The partnership features an exclusive collaboration between the two brands that will grant Kryptomon NFT holders a unique verification badge to be displayed on their Unstoppable Domains...

[PR – Majuro, Marshall Islands, 11th November, 2022, Chainwire] Crypto exchange Gate.io attended TOKEN2049 in London from November 9-10, delivering a keynote to attendees and engaging with partners and industry executives. The event is one of Europe’s most influential crypto events of 2022 and brought together influential leaders and industry experts from around the world. Gate.io Solution Aims to Connect Blockchain to Everyday Life Delivered by Daniel Antcliff, Leader of...