Crypto news

Six of the biggest banks in China’s megapolis Shanghai are supporting the digital yuan ahead of a May 5th shopping festival. The move represents a direct threat to the country’s top two payment providers – Alipay and WeChat Pay. The Digital Yuan vs. Alipay and WeChat Pay According to a Reuters report, some of the leading banks in China are pushing the digital yuan ahead of a shopping festival in the country. Purportedly, they are attempting to persuade merchants and retail...

Bitcoin keeps shooting higher for the most part. While it suffers from corrective periods such as right now (the asset is presently trading for about $55,000 per unit – roughly $8,000 less than where it was two weeks ago), the currency has managed to maintain a certain level of bullish activity, thereby making it one of the top financial tools of the past two years. Now, a price model for bitcoin known as the stock-to-flow model is suggesting that the currency could hit...

Sebastian Siemiatkowski – the CEO and co-founder of Swedish fintech company Klarna – is worried that people do not have enough education before jumping into the world of bitcoin investing. Sebastian Siemiatkowski: Education Is Key Investing can be fun and prosperous. It can also lead into a downtrend of sorts granted one does not know what they are doing before jumping in headfirst, which is arguably what has happened a lot with bitcoin and other cryptocurrencies. Many...

The University of Zurich has announced that they are adding Cardano to their “Deep Dive into Blockchain 2021” curriculum. It will be taught to students studying in the UZH Blockchain Center modules and is being posited as a ‘blockchain platform for changemakers, innovators, and visionaries’ to ‘bring about positive global change.’  Blockchain Education The course aims to teach students about several facets of blockchain technology: not just limited to their technical scope,...

Bitcoin has done rather well this year. For the most part, 2021 has been a continuation of the BTC bull run we began to see towards the end of 2020, but now, it looks like the world’s number one digital currency by market cap has taken a turn for the worse, which is causing some analysts – such as Scott Minerd – to feel differently about the coin. Scott Minerd Predicts an Ugly Future for BTC Minerd of Guggenheim Partners has recently repeated the same warning he issued...

Alfacash Store is available to buy cryptocurrency for fiat (and vice versa) in a fully non-custodial and automatic process; including high liquidity, fast operations, and regulatory compliance. Since various regulations require crypto licensed businesses to verify its users, Alfacash Store takes all adequate measures to prevent fraud and remain fully compliant with applicable AML/KYC regulations. Now there is a new Premium verification level with higher trading limits,...

Following the peak in May, the global Google searches for “NFT” have been gradually decreasing. With the numerous assumptions that the NFT market is in a bubble state and the comparisons with the ICOs from 2017/2018, the question arises if non-fungible tokens could be bursting soon. NFT Searches Drop Sharply What was 2020 for decentralized finance is 2021 so far for non-fungible tokens. Although NFTs were not invented this year, their popularity saw a massive boost in the...

Several years after its CEO called bitcoin “fraud,” JPMorgan Chase & Co has completed its U-turn. America’s largest bank is purportedly looking into launching a bitcoin fund, with the digital asset financial firm NYDIG to serve as custodian.  Citing people familiar with the matter, CoinDesk reported earlier today that JPMorgan intends to release an actively managed bitcoin fund soon.  According to the coverage, the New York Digital Investment Group (NYDIG), describing...

[PRESS RELEASE – Please Read Disclaimer] The pre-IFO sale for EDUX tokens, the utility and payment token for the Edufex learning management system, is now underway on the Edufex website. Token prices start at 0.01 EUR and will increase in price every 24 hours until the conclusion of the sale on 4/29/21. Drawing from the expertise of professionals in the booming online education industry, Edufex is set to revolutionize e-learning with its cloud-based schooling system....

Bitcoin price starts this new week with a strong 8% rebound, as it soars back above the $50k mark. The primary cryptocurrency dropped from $60,000 last Sunday, and it collapsed beneath the 50-days MA level through the week. It continued to decline beneath $50,000 to reach as low as $47,000 (.5 Fib) yesterday, shortly before the quick bullish bounce. The large wick, as can be seen on yesterday’s daily candle, is a very strong signal that the bull run might still be alive,...