Crypto EcoBlog
In the last few months, Bitcoin futures trading is on the rise, beating up to 50% of the total spot market on 13 well-known exchanges. The futures market helps to keep the price less volatile, and it increases liquidity via the attraction of new investors. Wise actors always made predictions that cryptocurrencies would co-exist with the current banking and stock markets. They are not doing any substantial harm to banks and classic exchanges. Instead, cryptocurrencies add fungibility and...
Read More »Google Set to Buy Smartwatch Maker Fitbit for $2.1 Billion
About a week ago, rumors regarding Google’s parent Alphabet’s decision to acquire American wearable maker Fitbit, surfaced online. Now, Google has officially confirmed that it will buy the Fitbit company in a new deal worth $2.1 billion. This move from Google can be said to be one in the direction of the tech giant’s desire to hold a larger stake in the wearables business, an area mostly dominated by a rival company Apple.An official statement from Google’s Senior Vice President for Devices...
Read More »Samsung Adds Elrond Token to its Blockchain Wallet
Photo: SamsungSamsung has announced that it is expanding the range of coins available in its blockchain wallet. It has added new token Elrond (ERD) to ensure secure and faster payments using this crypto.Samsung Galaxy S10 device is able to automatically generate a blockchain wallet for users, allowing them to store and use numerous cryptocurrencies (earlier their number was 33). This wallet is created to allow users to make transactions in cryptos and easily access DApps from their...
Read More »China Launches 5G Network Offerings ahead of 2020 Proposed Date
Officially, China has now joined the list of countries that have fully launched 5G services to consumers. On Friday, Chinese mobile operators made 5G available in many parts, as the country continues several efforts to lead the world regarding tech offerings.China Mobile, China Unicom and China Telecom have now announced several 5G options for all of their individual customers, probably as a way to catch up with other countries that have already done the same this year including the U.S., the...
Read More »Japanese Fintech Startup Paidy Raises $143M from Investors Including PayPal Ventures
Japanese consumer instant credit provider Paidy has announced that it raised $143 million in investment capital from institutional investors. The new financing round includes $83 million series C financing extension and debt financing of $60 million. The series C funding included participants such as PayPal Ventures, the Famed Soros Capital Ventures, JS Capital Management and Tybourne Capital Management and an unnamed investor.The financial institutions that initiated the debt financing...
Read More »Deribit to Compensate Users for Its Error Resulting in Bitcoin Price Crash
Photo: DeribitOn Thursday, October 31, Bitcoin witnessed a major flash crash to $9000 levels on two exchanges – Coinbase Pro and Deribit. On Thursday, at 19:55 UTC, BTC spot price crashed from $9260 to $9055 in a short span of time.Just within an hour later, futures and options exchange, Deribit saw BTC futures dropping from $9150 to $7720. However, in just a few minutes BTC price bounced back to $9000. However, this rapid price fluctuation in BTC caught traders’ attention as multiple orders...
Read More »Only 30 Percent of U.S. Citizens Know the Truth about the U.S. Dollar
A recent study carried out by Genesis Mining revealed some interesting details that would shock you too, except of course you already knew the answers. The study was conducted by the digital currency firm to gauge the level of knowledge US Citizens have about the Dollar, the world’s current ‘reserve currency.’The U.S. Dollar was backed by gold until 1971, a fact that has seemed to only make it into the knowledge-trivia of most people half-baked. According to the study, a significant number of...
Read More »Robinhood Expands Commission-Free Crypto Trading to 8 Additional U.S. States
The Robinhood investment app platform has just announced that its Robinhood Crypto feature has just added more U.S. states to its platform. Previously servicing 39 states, the 8 new additions now mean that Robinhood Crypto is now available to a total of 47 states.With Robinhood Crypto, users can trade seven digital assets including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin SV (BSV) Ethereum Classic (ETC), Bitcoin Cash (BCH) and Dogecoin (DOGE) all free of charge. The new state...
Read More »Launched Today Apple TV Plus Is to Compete with Disney+ In Streaming Wars
Long-awaited Apple’s TV streaming service Apple TV Plus is finally live and you can start watching it on any platform that offers the Apple TV app, including iPhone, iPad, Apple TV and support non-Apple devices, as well as on the web at tv.apple.com.Apple is launching with a library of nine titles, and a few more announcements are to come during the next few weeks. Also, the venture counts Oprah Winfrey and Steven Spielberg among its first wave of talent. Apple TV Plus launched on Friday with...
Read More »Diablo 4 Looks Up to Cult Classic Diablo 2 for Inspiration, a Leak Reveals
A reliable source published a Reddit post on October 30 stating that Diablo 4 will channel the same elements that developed Diablo 2 into a cult classic. The source has a known and undisputed track record. Thus, it is credited with a level of legitimacy that is mostly absent in other wild rumors.Previously, they correctly predicted Pokémon Sword and Pokémon Shield and Ghost Recon Breakpoint details way before official announcements. Daniel Ahmad, a respected industry analyst, posted on...
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