Bitcoin News and Finance: What You Need to Know

Alberto Fernandez, the president of Argentina, stated he is open to the adoption of cryptocurrencies as legal tender in an interview this week. Fernandez said there is a big discussion around the value and use of cryptocurrencies not only in Argentina but also all over the world. However, he recognized this issue should be treated carefully, and acknowledged he had limited knowledge in the subject of cryptocurrencies. President of Argentina Open to Allow Crypto to Become Legal Tender Alberto Fernandez, the current president of Argentina, expressed his opinion of cryptocurrencies in the Black Box , an interview program hosted by Julio Leiva, an Argentinian journalist. When asked about the subject of cryptocurrencies, and if his government was looking into it, Fernandez stated that there was a big debate over the function of cryptocurrencies not only in Argentina but in the whole world. He stated: This is a subject that must be treated carefully. In my case, because it is still unkn...

PRESS RELEASE. AscendEX , a global cryptocurrency platform, is excited to announce its newest listing: iTrust token (ITG), under the pair USDT/ITG on AUG 17 at 1 p.m. UTC. In celebration of the listing, AscendEX and the iTrust Finance team will jointly launch three limited-time promotional events providing participants a chance to share 50,000 USDT in ITG rewards! iTrust Finance is a capital allocation solution for DeFi insurance projects. Entering into a blue ocean market, iTrust aims to improve the capacity of insurance protocols for different DeFi insurance projects and commit themselves to helping DAO users and users of various insurance protocols enter the market under better conditions. The platform also provides them with a variety of income strategies according to their risk appetite. iTrust Finance operates as a Decentralized Autonomous Organisation (DAO) focused on alleviating the existing pain points in the DeFi insurance sector. They focus on three factors to enhance...

The notorious dogecoin has been moving northbound in value once again climbing more than 17% during the last 24 hours and 32% over the course of the week. Currently, across social media platforms like Twitter, Tiktok, and Facebook, the hashtag #dogecointo1dollar has been trending. Meanwhile, a number of other meme-based digital assets that leverage the Shiba Inu dog breed as a name or logo have also seen significant jumps in value. Dogecoin Spike 17% This Weekend, Supporters Blast the Brand Across Social Media When programmers Billy Markus and Jackson Palmer launched the Dogecoin (DOGE) network on December 6, 2013, they never expected the meme-based crypto-asset would grow so wildly. In fact, the Shiba Inu dog-inspired cryptocurrency crafted over 7 years and 8 months ago as a joke, is now a $44.42 billion economy. On Sunday, August 15, Dogecoin supporters have been rallying on Tiktok, Twitter, and Facebook with the hashtag #dogecointo1dollar. At the time of writing, the hashtag t...

English Premier League football players with the Watford Football Club are now wearing the logo representing the meme cryptocurrency dogecoin for the 2021-22 season. The team wore the image for bitcoin in the previous season. Dogecoin Promotion at English Premier League Matches The players of the Watford Football Club, an English professional football team based in Watford, Hertfordshire, are wearing the dogecoin logo on their sleeves. The team plays in the Premier League, also called English Premier League or the EPL, the first tier of English football. The Athletic publication reported Saturday that “Watford’s shirt sleeve sponsor for the 2021-22 season will be cryptocurrency dogecoin.” The publication detailed: The deal — a collaboration with main shirt sponsors Stake.com — will be worth in the region of £700,000 [$970,000] to the Premier League newcomers and could break their previous sleeve partnership with bitcoin of £1 million if it gains global traction. During the Pre...

Nubank, a Brazilian digital bank backed by Warren Buffett’s Berkshire Hathaway, is reportedly planning an initial public offering (IPO) on Nasdaq. Nubank is crypto-friendly and offers investments in a bitcoin exchange-traded fund (ETF). The bank said, “The cryptocurrency ETF can be a way to further democratize access to the crypto market.” Digital Bank Backed by Warren Buffett’s Berkshire Hathaway Reportedly Plans to IPO on Nasdaq Nu Pagamentos SA, also known as Nubank, is planning an initial public offering (IPO) of more than $2 billion on the Nasdaq stock exchange for the end of this year, Bloomberg reported Thursday, citing people familiar with the matter. Nubank is backed by billionaire Warren Buffett’s Berkshire Hathaway Inc. In June, Berkshire invested $500 million in the Sao Paulo-based digital bank which has more than 40 million clients throughout Latin America. According to the people, Nubank may seek a valuation of more than $40 billion. However, details may change as d...

With bitcoin mining being a regulated activity in Iran, the head of the country’s securities and exchange regulator believes the central bank has to turn its attention to cryptocurrencies. The regulator is ready to consider accommodating crypto trade when digital assets are regulated. Capital Market Regulator to Look Into Crypto Trading if Central Bank Regulates Cryptocurrencies Iran’s Securities and Exchange Organization (SEO) has no immediate plans for hosting cryptocurrency trade in the country’s capital market but that may change if cryptocurrencies are properly regulated. That’s according to a statement by Mohammad Ali Dehqan who heads the authority. Quoted by the Ibena news agency and the English-language Iranian business daily Financial Tribune, Dehqan noted that government rules for the mining of cryptocurrencies are currently the only crypto-related regulations. He further insisted: Use of the mined cryptocurrency by the people is what the CBI should be dealing with. T...

PRESS RELEASE. BitMart has listed $LEOS, the utility token powering the Leonicorn Swap platform. Based on the Binance Smart Chain (BSC) ecosystem, the $LEOS token is also available on the PancakeSwap decentralized exchange. $LEOS is the native token from the Leonicorn Swap, a decentralized exchange (DEX) created to solve the issues found in the current centralized and decentralized exchange ecosystem, providing a full suite of Decentralized Finance (DeFi) products in a single platform. At its core, the Leonicorn Swap exchange aims to tackle the most common issues found in the CeFi industry, including security concerns, high transaction fees, low withdrawal limits, along with other pitfalls of centralized management such as high listing requirements for up and coming cryptocurrency projects and the mismanagement of funds by exchange operators. While doing so, Leonicorn Swap also tackles the pitfalls of the most commonly used DEXs, the majority of which run on the Ethereum blockchain...

Approximately 50 years ago today, Americans were introduced to ‘Nixon Shock’ when the 37th president of the United States suspended the convertibility of the U.S. dollar into gold. Since this point in time, the U.S. economy has never been the same as many believe Richard Nixon ushered in a new era of uncontrollable fiat currency creation. 50 Years Ago Today, Nixon Shook the World Today is the anniversary of when U.S. president Richard Milhous Nixon told the American public on August 15, 1971, that the administration along with the Treasury would immediately suspend the U.S. dollar’s convertibility into gold. Nixon essentially revealed the removal of the gold standard from the dollar and it would never return. Moreover, what the American public isn’t fully aware of is why Nixon and his cronies decided to remove the gold standard. Richard Nixon’s Vietnam War expenditure sparked the onset of a new fiat era. The reason why Nixon removed the gold standard is because the U.S. could no...

On August 5, the Mi Store in Portugal announced that it was accepting cryptocurrencies including bitcoin, ethereum, tether, and dash. At the time, the Mi Store Portugal said it was working with the blockchain payments company Utrust in order to be more “inclusive.” However, the Mi Store parent company Xiaomi Corporation, which stems from China, responded to the store’s decision to accept crypto and said it does not control the “autonomy of third-party stores.” Mi Store Portugal’s Crypto Acceptance Decision Didn’t Go as Planned Digital currency fans from Portugal got excited when they learned the Mi Store from their region announced it was accepting cryptocurrencies for payments. The Mi Store sells Xiaomi brand smartphones and accessories and the retail store told its Facebook followers on August 5, it would accept bitcoin, ethereum, tether, and dash for payments. Screenshot of the Mi Store in Portugal’s social media post. However, the post has been deleted but a number of sleu...

As buying a home is by itself a serious investment, homeowners often lack the cash to fund further improvements to their property. While traditional bank loans are not as easily available, a new partnership now offers crypto holders to use their digital assets as collateral and instantly borrow money for a kitchen remodeling or some other renovation. Crypto Lending Platform Partners With Construction Company Many homeowners find it hard to finance home improvement projects that would raise their living standards as they are stuck with the low liquidity of their properties. Applying for a home equity line of credit (HELOC) or other bank loans involves credit checks and approval takes a long time. Crypto-asset lending firm Pledge has joined forces with 247pro.com , a construction estimate and management platform, to offer cryptocurrency holders among homeowners quick access to home improvement loans they can take against their digital coins. The two companies have recently signed...

Since January 3, 2009, the Bitcoin network has been functional for 99.98662952015% of the time. However, the protocol has had a few hiccups along the way and on a few occasions, the chain split into two. Most people are well aware of the Bitcoin Cash split that took place on August 1, 2017, but the first time the Bitcoin chain split was 11 years ago on August 15, 2010. Strange Block 74,638 4,019 days ago on August 15, 2010, the Bitcoin community had a problem which was dubbed the “ overflow bug .” What was also called a “malicious event” or “ Strange block 74,638, ” occurred between “11:34:43 CDT and 12:10:33 CDT on August 15th,” according to the bitcointalk.org user called “ mizerydearia .” Many well known developers like Jeff Garzik , Gavin Andresen , and Bitcoin’s inventor Satoshi Nakamoto participated in addressing the issue. The irregularity found in the Bitcoin block 74,638 on August 15, 2010, was discovered by software developer Jeff Garzik and a number of other bitcoin...

On Friday, the product comparison website Finder published the company’s August Cryptocurrency Ownership Report, which surveyed 42,040 citizens across 27 countries. The report ranks countries by digital currency adoption and it shows regions like Vietnam, Indonesia and India have the highest number of people who reported owning cryptocurrency. In Terms of Crypto Ownership Vietnam, Indonesia, and India Rule the Roost Finder’s Cryptocurrency Ownership Report published on August 13, 2021, has some interesting findings after the researchers polled over 42K people. Basically the researchers measured crypto asset ownership from people in each country and the survey covers a total of 27 countries. According to the Finder’s poll, men are more likely to own a digital asset in every country covered in the survey. The gender gap between ownership is around six percentage points, the writer at Finder, James Edwards detailed in the report. The largest amount of crypto ownership stems from Vie...

Two of the largest American news magazines, Fortune and TIME, have jumped headfirst into the non-fungible token (NFT) ecosystem in recent times. The New York-based multinational business magazine Fortune raised $1.3 million selling its first NFT collection this week. Furthermore, after selling NFT magazine covers, TIME has revealed the company is teaming up with the Cool Cats NFT project. Cool Cats NFT Project and TIME Magazine Collaborate Non-fungible tokens (NFTs) are very popular in 2021, and many people believe the trend will continue for a very long time. The NFT industry has attracted a great number of popular artists and it has lured a large quantity of celebrities as well. Alongside celebrities, well known brands are diving into the crypto sphere via NFTs. For instance, at the end of June, Bitcoin.com News reported on the largest U.S. newspaper publishing company Gannett launching the firm’s first NFTs. In mid-April, Bitcoin.com News reported on TIME magazine telling t...