Tag Archives: social

The Australian entrepreneur Fred Schebesta said he would give away $5 worth of bitcoin to locals who have had a COVID-19 vaccine and those who will get it in the future. Considering Australia’s population, he would have to distribute $104 million (around 75 million USD) if everyone takes advantage of the offer. ‘Get Vaxxed Baby, And Get Your Bitcoin’ Fred Schebesta – the co-founder of the financial comparison website Finder – revealed his plans to hand over $5 worth of...

A recent study revealed that 73% of senior executives at financial institutions fear their companies will fall behind in terms of development if they fail to adopt virtual currencies and blockchain technology. 76% believe that digital assets will replace fiat money in the next 5 to 10 years. Crypto Would Swap Physical Money The multinational professional service provider – Deloitte – conducted a survey among more than 1,000 bank leaders and executives of financial...

The European soccer team Philips Sport Vereningin – better known as PSV Eindhoven – has signed a partnership with a local cryptocurrency exchange. Part of the terms dictates that the club will receive the entire sponsorship in bitcoin. PSV Gets BTC The European club announced the partnership with Anycoin Direct earlier this week, highlighting that PSV will therefore become one of the first major soccer teams in the EU to have the entire sponsorship paid in the primary...

A South African resident revealed he mined 20 BTC when he was young, meaning that now he is almost a millionaire. Unfortunately for him, he lost his key and password for his Bitcoin wallet. BTC Password – as Important as The BTC Itself Mark Michaels – a 24-year-old electronic engineer from Pretoria, South Africa – was keen on cryptocurrencies as a kid. More than 10 years ago, when he was in 7th grade, he explored the Internet in order to learn how to mine Bitcoin, and...

Luna Yield, a Solana-based cross-chain yield aggregator and decentralized exchange, might have rug- pulled after the official website and social media channels were taken down today, according to SolPad, Solona’s finance launchpad. Nearly $10M Stolen After Luna’s official website, Twitter, Telegram, and other channels were deleted, users feared that the team behind the protocol might have run away with their funds. Consequently, they tried to unstake their funds from the...

Bitcoin initiated another impressive leg up in the past 24 hours resulting in breaking above $49,000 for the first time since mid-May. The alternative coins have joined the ride with notable gains, including an 8% surge from BNB and 10% increases from Polkadot and Solana. Bitcoin Neared $50K It was just two days ago, on August 19th, when the situation in the bitcoin landscape seemed rather negative. The asset had lost several thousand dollars of value in hours and had fallen...

This week was entirely positive in the cryptocurrency market as almost everything is trading well in the green. It wasn’t without its hurdles, so let’s jump straight to it. Bitcoin managed to push towards $48K last Friday, but the week was filled with choppy price action and a somewhat expected downturn. By Thursday, BTC’s price was in the low $44,000’s, and that’s when the bulls stepped in. On that day, the price shot up and tested $47K – a level that got left behind in the...

Australian detectives from the Criminal Proceeds Squad have seized a record-breaking haul of bitcoin worth nearly A$8.5 million (more than $6 million) in Victoria. Local media reported Friday that the seizure was the largest amount of cryptocurrency ever confiscated by police in Australia and was part of an investigation into online drug trafficking on the dark web. Over $9M Worth of Assets Seized Victoria Police said it busted properties in Kinglake, Preston, Prahran,...

Leading crypto exchange Binance has recently increased its customer verification requirements amid mounting pressure from global financial regulators. All Binance Users Must Verify their Accounts In an official announcement on Friday, Binance said that all new users must complete “Intermediate Verification” procedures to gain access to services such as cryptocurrency deposits, trades, and withdrawals, with immediate effect. According to the exchange’s procedures, the...

In his second crypto-focused endeavor in the private sector, Former SEC chairman Jay Clayton will be joining a $2 billion crypto-custodian based in Israel, known as “Fireblocks.” Why Clayton Joined Fireblocks Fireblocks was launched in 2019 and has seen impressive growth since, having already acted as custodian for over $1 trillion in assets and scaled from 100 to 500 institutional clients in the crypto and traditional finance industries within only months. Clayton’s job at...