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Visa is to become the first large payments network to use a stablecoin as a settlement currency. By partnering with the popular cryptocurrency exchange Crypto.com, the San Francisco-headquartered giant will offer a crypto settlement system for fiat transactions based on the Ethereum blockchain. According to the announcement from earlier today, Visa has joined forces with Crypto.com to bring its first-ever non-fiat settlement program.  The company’s standard settlement process requires parties...

Earlier in March, he called bitcoin “nonsense” and criticized its energy consumption levels. A few weeks later, the Norwegian billionaire, Øystein Stray Spetalen, said he was wrong about the first-ever cryptocurrency and even bought some for himself.Early March: Bitcoin is NonsenseThe 58-year-old Spetalen is the founder of SD Standard Drilling Plc and Standard Drilling ASA. He’s a well-renowned investor and trader who began his trading career in 9th grade.During a DNB Invest conference in...

The past seven days were quite the roller coaster in the cryptocurrency market, which, fortunately, ended well.The total market capitalization is currently more or less at the same level as where it was one week ago, despite having lost almost $100 million on Thursday when Bitcoin’s price collapsed to $50K.With this said, we take a look at the top 5 cryptocurrencies to keep a close watch over the next few weeks.Bitcoin (BTC)It goes without saying that, for the most part, wherever Bitcoin...

Leading crypto fintech startup Circle Internet Financial has announced the launch of a payment solution for the non-fungible tokens (NFTs) market. It will enable investors and content creators to make payments using credit cards and cryptocurrencies.Promoting NFT AdoptionThe company stated in an announcement today that it hopes the initiative would get more investors onboarded into the NFT bandwagon. Jeremy Allaire, Circle co-founder, and CEO said the initiative is important for content...

Following another dip to $54,000, bitcoin has bounced off and has added over $2,000 of value. Some altcoins have registered even more impressive gains in the past 24 hours, led by Binance Coin’s 9% surge to $275.BTC Retakes $56KAfter the mid-week price slump when it dropped from over $57,000 to a three-week low of just above $50,000, bitcoin has been gradually increasing in value.Even the fears that the record $6 billion worth of options contracts that expired on Friday would insert enhanced...

Although it’s the largest and most well-known cryptocurrency globally, bitcoin has lost its top trending spot in the US last week. Instead, the first place went to an NFT platform called Ethernity Chain, which will host the NFT of skateboarding legend Tony Hawk.At the same time, ERN’s price has skyrocketed by more than 20-fold since early March.Ethernity Chain Trends at N1 in the USThe popular monitoring resource CoinGecko breached the top ten trending crypto assets in the US from March 20th...

One analyst at Bloomberg believes Bitcoin is on its way to become a “global digital reserve asset” for investors escaping from inflation. Mike McGlone, a senior commodity strategist at Bloomberg Intelligence recently posted a graph showing the BTC/USD annual average price and the Bitcoin Liquid Index.Bitcoin Chart. Source: TwitterAs shown in the chart, Bitcoin could reach a price of over $400,000 by 2021 considering price behavior in the past. BTC is transitioning from a mere speculative...

Eleven years ago, in March 2010, a group of enthusiasts from the bitcointalk forum played what was touted as the first bitcoin forum online poker challenge event. The creator organized it using 1500 bitcoins as rewards, which were worth around $120 at the time. Fast-forward to March 2021, and that same amount costs more – significantly more – about $80,000,000.BTC Used In a Friendly Poker GameThe year is 2010, and bitcoin is still a baby with essentially nonexistent applications. This is far...

After several days of price slumps, bitcoin has bounced off and neared the $55,000 level. Despite this increase, though, its market dominance has suffered as most altcoins have added more value in a day. Ethereum has jumped to $1,700, BNB is above $250 again, and Cardano has increased to $1.20.BTC Recovers to $55KThe past several days didn’t go well for the primary cryptocurrency. Following a pro-BTC announcement from Elon Musk’s Tesla, the asset spiked to above $57,000. However, the...

Notorious digital artist Pplpleaser shared a picture of herself crying… but out of joy. All thanks to the booming interest in NFTs.The artist, who has a reputation not only in the DeFi scene but also in the wider, more “mainstream” art industry, put an NFT up for sale on the auction platform Foundation.app. And things went really well.x*y=k: The $500K NFT Sold by PplpleasrPplpleasr’s token depicts an animation of a Uniswap-Esque unicorn on its journey to reach the “Ethereum Promised Land.” On...