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Tag Archives: News

Binance Japan and MUFG Trust Bank Forge Partnership for New Bank-Backed Stablecoin

This partnership is also a significant stride in the Japanese government’s endeavor to embrace blockchain technology and cryptocurrencies, fostering their broader adoption within the country and beyond. Binance Japan is partnering with Mitsubishi UFJ (MUFG) Trust Bank, a move squarely aligned with the Japanese government’s new Web3 policy. This collaboration aims to birth a new stablecoin, and the chosen platform for its development is the Progmat coin platform, a proprietary asset of...

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Reddit Introduces ‘Contributor Program’ to Award Users with Real Money

Along with the Contributor Program, Reddit has announced an update to Reddit Gold – a paid feature that allows users to personalize their profiles. American social news website and forum Reddit has announced a new program where qualifying users can be rewarded with money for their contributions. Within the Contributor Program, qualifying Redditors, including mods, can receive fiat money for the content they share on Reddit. The content will be estimated based on the karma and gold they’ve...

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NASA Plans to Leverage Blockchain Technology for Its Next Moon Landing

In early 2024, NASA, along with Florida-based startup Lonestar and the Isle of Man, plans to send a payload to the Moon containing “data cubes” whose contents will be authenticated using blockchain technology when they return to Earth. In February 2024, the United States National Aeronautics and Space Administration (NASA), in collaboration with Lonestar, a Florida-based computing startup, and the Isle of Man, is set to dispatch a payload to the Moon. This payload will carry “data cubes”...

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Cardano (ADA) Price Analysis: Topside Bias Vulnerable Below $0.265

ADA price is trading in a bearish zone below the $0.255 support zone against the US Dollar. The price is now trading below $0.250 and the 55 simple moving average (4 hours). There is a connecting bearish trend line forming with resistance near $0.2490 on the 4-hour chart (data feed via Coinbase). The price could continue to move down if it stays below the $0.250 resistance zone. Cardano price is struggling below $0.250 against the US Dollar, like Bitcoin. ADA...

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Ethereum Price Analysis: ETH Could Take Major Hit Below $1,600

Ethereum price is struggling below the $1,650 resistance against the US Dollar. ETH price is now trading below $1,600 and the 55 simple moving average (4 hours). There is a connecting bearish trend line forming with resistance near $1,600 on the 4-hour chart (data feed from Coinbase). The pair could continue to move down if it stays below $1,600 and $1,615. Ethereum price is declining below $1,600 against the US Dollar. ETH/USD remains at a risk of more downsides...

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Brandon Mintz of Bitcoin Depot on the Many Changes to the ATM Industry

Brandon Mintz is the CEO of Bitcoin Depot, one of the largest crypto ATM firms in the world. He bought his first bitcoin in 2013, and he says a lot’s changed since then. Brandon Mintz on the World of Bitcoin ATMs At 29 years of age, Mintz wanted to see bitcoin help the “little guys” that were being cut out by the arena of mainstream finance. Right now, the company has grown to include a web of more than 6,000 machines, though he says competition is getting fierce....

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Alyse Killeen: Bitcoin is Becoming Much More Mainstream

Is bitcoin – the world’s number one digital currency by market cap – finally gaining mainstream traction and attention? According to two crypto analysts (Alex Mann of Time Chain and Alyse Killeen at Still Mark), the answer is a resounding “yes.” Mann and Killeen: BTC is Getting More Known In a recent interview, Mann said he thinks bitcoin is no different from any other product or service, and it’s only a matter of time before the world realizes this. He stated:...

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Huawei Remains Silent of Its Secretive 5G Phone at Product Launch

Chinese tech giant Huawei refrained from unveiling its new 5G smartphone during its recent autumn season launch event. Instead, the company focused on electric vehicles, revealing its first sedan and luxury SUV. On Monday, September 25, Chinese telecommunications and tech giant Huawei remained tight-lipped about its new 5G phone featuring an advanced breakthrough. Rather than unveiling a smartphone, the company provided a glimpse of its upcoming electric vehicles, introducing its...

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Prices for Cobalt Used in Electric Vehicle Batteries Crash Following Oversupply from Miners

Prices of cobalt are may remain low for a while as demand from EV and consumer electronics makers are likely to remain lower than supplies. Cobalt hydroxide prices have dropped in response to an increase in supplies from the Democratic Republic of Congo. Cobalt, used commonly to make batteries for electric vehicles (EVs), is produced in Congo as a byproduct of copper. The prices of cobalt hydroxide are calculated as a percentage of the benchmark metal price agreed between sellers and...

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Mike Novogratz: A Bitcoin ETF is Right Around the Corner

Mike Novogratz – the billionaire hedge fund manager of Galaxy Digital and one of the biggest BTC bulls the world has ever known – believes that a bitcoin spot ETF will be approved somewhere within the next six months. A Bitcoin ETF is Almost Here, Novogratz Says In an interview, he commented: It’s a big deal, because both our contacts from the Invesco side and from the BlackRock side get you to think that this is a question of when, not if, that the outside window...

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