Bitcoin News and Finance: What You Need to Know

In 2021, two very distinct crypto trends stood out which include non-fungible token (NFT) assets and decentralized finance (defi), as billions of dollars in crypto has flooded into these sectors. On September 7, Piplsay, a global consumer research platform, polled 30,870 Americans and 9,170 Britons to get some insight on what consumers think about NFTs today. According to the survey, 48% of American respondents think NFTs are a “good and safe investment.” Piplsay Survey Shows Americans Like NFTs More Than Britons Not long ago, when you asked people about non-fungible token (NFT) assets, most were clueless. However, crypto trends like defi and NFTs have exploded this year and consumers are becoming more aware of the growing markets. In recent times, a few surveys with 1,000 or up to 10K participants have explained their thoughts about the growing NFT space and whether or not they think NFTs are a good investment. In December 2020, Bitcoin.com News reported on a survey indicating th...

Ethair Market is a next generation online global marketplace where you can trade goods using fiat or cryptocurrency and earn points on every purchase. The marketplace is soon to be launched in the U.S. and Canada, with fiat payments support lined up for 43 more countries. You can earn ETHR tokens now as an early registration reward and future developments such as an NFT marketplace integration are already in the works. Introducing the Next Generation of eCommerce Ethair Market ( www.ethair.com ) incorporates the modern technologies that the traditional marketplaces are too afraid to tackle. It gives buyers and sellers an ability to operate with fiat currencies as well as selected cryptocurrencies. The developers have integrated Stripe for fiat payments which will allow the marketplace to support 45 countries, staying complaint with laws and regulations, and expand internationally with ease. At the upcoming launch the system will initially support the U.S. and Canada. For purchases ...

Ricardo Salinas, president of Elektra Group, one of the biggest retail franchises in Mexico, hinted at the possibility of integrating payments using Bitcoin’s second layer solution, the Lightning Network. Salinas made the announcement yesterday via Twitter. This would allow residents of the country to pay for appliances in-store, directly with cryptocurrency. Elektra Group Might Accept Cryptocurrency Elektra Group, one of the biggest appliances franchises in Mexico, hinted at the possibility of taking Bitcoin payments in the near future. These payments would be made using a Bitcoin second layer, the Lightning Network, which seeks to address the rising fees of base layer transactions to make bitcoin more appealing for commerce-related uses. The announcement was made by the president of Elektra Group, Ricardo Salinas, who commented on the Bitcoin adoption El Salvador is embracing right now. Commenting on a video message that shows a bitcoin purchase in el Zonte, the “Bitcoin beach,”...

Bitcoin is now legal tender in El Salvador, and the country’s bitcoin stash has grown to 550 coins. The Salvadoran government started buying the cryptocurrency Monday ahead of the Bitcoin Law taking effect. On Tuesday, President Nayib Bukele said El Salvador bought the dip. El Salvador Buys More Bitcoin El Salvador’s Bitcoin Law came into effect Tuesday, Sept. 7, making BTC a national currency alongside the U.S. dollar. El Salvador has been buying bitcoin ahead of the Bitcoin Law taking effect. President Nayib Bukele announced Monday that his government had started buying bitcoin. “El Salvador has just bought its first 200 coins. Our brokers will be buying a lot more as the deadline approaches,” he wrote . A few hours later, he tweeted : “El Salvador just bought 200 new coins. We now hold 400 bitcoin.” The price of bitcoin was rising leading up to the Bitcoin Law entering into force. However, it dipped around 11:00 a.m. EST on Sept. 7, falling from above $51K to below $43K. At t...

President of Ukraine Volodymyr Zelensky has highlighted the importance of launching a legal digital assets market in his country during a working visit to the U.S. The Ukrainian head of state met with top investors including from the cryptocurrency industry. President Zelensky Highlights Importance of Ukraine’s Virtual Assets Market Speaking to venture capital funds and Silicon Valley accelerators, Volodymyr Zelensky praised the opportunity to discuss the prospects for the development of the IT sector and innovations in Ukraine. In his opening remarks at the event, quoted in a press release , the Ukrainian leader emphasized his country has made a “real breakthrough in the digital sphere” and a “huge leap towards creating a digital state” over the past year. At a meeting with representatives of the Stellar Development Foundation, the president expressed hope that in the near future the institution will find more opportunities to expand its activities and team as well as to eventual...

Higher cryptocurrency prices recently have restored interest in digital coin minting in Vietnam. Crypto mining is once again seen as an investment opportunity with other options being limited by the ongoing coronavirus pandemic that has been affecting the Asian country. Vietnam’s Sales and Prices of Crypto Mining Rigs Spike in September Demand for crypto mining equipment has increased in Vietnam following the market recovery that saw the price of BTC moving back above the $50,000 threshold, Vnexpress reported. Prices of hardware used to mint bitcoin, ethereum, and other cryptocurrencies have also risen as many Vietnamese miners are now looking to buy mining components. Speaking to the online newspaper, Quang Thuan, owner of several crypto hardware shops in Ho Chi Minh City, noted that a few months ago the mining rig market was gloomy after the leading cryptocurrency fell below $30,000 in July. However, he revealed that his sales have tripled earlier this month compared to the Aug...

PRESS RELEASE. Within the DeFi space, Wault Finance has demonstrated its revolutionary nature by developing multiple innovative products. The protocol is one of the fastest growing projects in the DeFi sector, providing users a variety of yield farming and staking opportunities. Now, Wault intends to expand its ecosystem with the development of its stablecoin WUSD. WUSD is a next-generation stablecoin that uses an innovative model to ensure that it holds its peg to the dollar and is designed to provide use-cases for holders. This article will explore the key features of the stablecoin. Commerce-backed stablecoin WUSD is different from other stablecoins that are fiat-backed or algorithmic stablecoins. In WUSD’s case the stablecoin is backed by crypto-assets within a sustainable mechanism. The stablecoin is backed by USDT and Wault Finance’s native token WEX at a ratio of 9:1. This means that 90% of WUSD is collateralized by USDT deposits and the remaining 10% from WEX. This ens...

A report published by the British bank Standard Chartered indicates the company’s analysts are bullish about the crypto asset ethereum. The bank’s analysts think that bitcoin could reach $175K and said “structurally, we ‘value’ ethereum at $26,000-$35,000.” British Bank Publishes ‘Ethereum Investor Guide,’ Formulates the Economic Case for Ethereum’ The British multinational banking and financial services giant Standard Chartered has published a report on the two leading cryptocurrencies. In fact, the report is called the “Ethereum Investor Guide” and was written by Geoff Kendrick, Christopher Graham, and Melissa Chan. The report goes into various factors including “structural considerations” like what the “economic case is for Ethereum.” The Standard Chartered research report notes that “ ETH and BTC share many characteristics,” but the Ethereum blockchain has things like smart contracts, decentralized autonomous organizations (DAOs), decentralized finance (defi), non-fungible ...

After touching a high of $52,956 on Monday evening, the very next day the price of bitcoin slid to a low of $42,900 at around 11 a.m. (EST). Bitcoin is currently trading for prices between $46K-$47K per unit and down 8% during the last 24 hours. Bitcoin Price Slides Significantly After Nearing $53K Crypto advocates watched bitcoin tumble in a very short period of time down to $42,900 per BTC on September 7, 2021. The drop was on the same day El Salvador adopted bitcoin ( BTC ) as legal tender in the country. Hovering between the $46K to $47K handle, BTC ’s overall market capitalization is $890 billion at the time of writing. There’s $60 billion in global trade volume across a myriad of cryptocurrency trading platforms worldwide. BTC /USD at 12:30 p.m. (EST). BTC is down more than 8% at the time of writing, and many other digital currency markets also saw significant drops in fiat value on Tuesday. The entire market economy of 10,000+ crypto assets slid over 9% collectively to...

The popular Golden State Warriors point guard, Stephen Curry, asked his 15.5 million followers for some “advice” about crypto. Curry said he was “just getting started” and a great number of people shared advice with the professional basketball player. Stephen Curry Gets ‘Advice’ From Crypto Twitter Well known athletes, celebrities, and musicians worldwide have been getting into digital currencies and asking fans for pointers. Recently, Bitcoin.com News reported on the American rapper Busta Rhymes asking about cryptocurrencies and whether or not he should “buy in.” Former heavyweight boxing champion Mike Tyson asked his fans whether they preferred bitcoin ( BTC ) or ethereum ( ETH ). The “Legally Blonde” star, actress Reese Witherspoon, told her 2.9 million Twitter followers that she just bought ethereum. Witherspoon said: Just bought my first ETH . Let’s do this #cryptotwitter Now the star point guard for the Golden State Warriors, Stephen Curry , has tweeted about cryptocurr...

The financial asset services platform Matrixport has introduced a variety of new products since the firm raised $100 million in a Series C financing round during the first week of August. Following the launch of the company’s “ETH2.0 Staking Earn” earning service, Matrixport has introduced another service product called “BTC-U Range Sniper” which allows traders to earn high returns when bitcoin values move within a specified price range. Matrixport Launches Ether Staking and Range Sniper Bitcoin Product The Singapore-based Matrixport has been unveiling a number of new products after the company revealed it raised $100 million last month. On August 25, the startup launched its “ETH2.0 Staking Earn” earning service, which provides ethereum (ETH) staking at a “low threshold.” The product allows customers to “earn yield from ethereum lock-up rewards, while simultaneously benefitting from additional token rewards, mining revenues, and better liquidity from related [decentralized fina...

PRESS RELEASE. No-code NFT platform Guradianlink.io announces its strategic partnership with Beyondlife.Club, an exclusive platform for artists, brands, and celebrities from different fields of entertainment. 7th September 2021, Singapore — Influential Indian actor, producer, and TV host Amitabh Bachchan is all set to launch his first set of NFTs with BeyondLife.Club , powered by Guardian Link . The blockchain R&D company will partner with the exclusive brand platform BeyondLife.Club, owned by Rhiti Entertainment, Singapore to make the purchase of NFT art belonging to Amitabh’s legacy a reality for any individual. Taking NFT Art Global This sphere creates a platform for global artists, athletes, and celebrities where they launch their first-ever NFTs, an exclusive curated collection presented at a global scale. NFTs preserve information on a digital ledger (blockchain network) guaranteeing a certificate of authenticity to a digital asset, can be uniquely identified, and are ...

Nasdaq-listed company Microstrategy has avoided a “multi-billion dollar mistake” by choosing to invest in bitcoin instead of gold. The company now holds about 108,992 bitcoins. ‘Multi-Billion Dollar Mistake’ Avoided The Nasdaq-listed software company Microstrategy has avoided making a mistake that could have cost the company multi-billion dollars. CEO Michael Saylor tweeted Sunday: If I had chosen gold instead of bitcoin last year, it would have been a multi-billion dollar mistake. It doesn’t help to diagnose the problem if you don’t choose the right solution. The CEO also posted the return of gold vs. bitcoin. According to his estimation, gold returned -5.88% during the past 12 months while bitcoin returned 376.34%. In addition, the return of gold vs. bitcoin was -80% during the last 12 month period. Gold’s returns versus bitcoin. Source: Microstrategy. Microstrategy has made acquiring bitcoin one of its primary goals. The company now hodls about 108,992 BTC . Saylor said...

Fourteen suspects allegedly behind a cryptocurrency scam have been arrested in Taiwan. According to the country’s Criminal Investigation Bureau, the scheme has defrauded investors out of millions of dollars. Suspects Behind Crypto Scam in Taiwan Arrested The country’s Criminal Investigation Bureau (CIB) explained that the crypto scam allegedly defrauded more than 100 people out of about NT$150 million (US$5.41 million) over the past year. The suspects now face charges of fraud, money laundering, and breaches of the country’s Organized Crime Prevention Act, the Taipei Times reported Sunday. Kuo Yu-chih, the CIB investigator in charge of the case, explained that a businessman with the last name Chen is believed to be the mastermind behind the fraudulent crypto scheme. He added that the scheme focused on cryptocurrencies ethereum, tronix, and tether. Chen also led the Taipei-based Azure Crypto Co., which offered cryptocurrency and other investment services. The investigator detailed ...

FTX, a spot and cryptocurrency exchange, announced the launch of an NFT marketplace on its trading platform today. According to the information provided by CEO Sam Bankman-Fried, the marketplace will be available both for customers in the U.S. and in other locations. FTX is likely trying to capitalize on the popularity of these instruments, which are moving billions in specialized decentralized exchanges. FTX Debuts NFT Marketplace FTX, one of the most successful derivatives exchanges, has announced today the launch of a new NFT marketplace embedded in its trading platform. The announcement was made by the company’s CEO, San Bankman-Fried, who took to Twitter to invite users to make their own NFTs. This means the marketplace also includes a minting tool that will let users create their own NFTs from images and other data. Bankman-Fried showed a test NFT minted on the platform — an image with the word “test” scribbled on a white background. Bankman-Fried announced that the marketpl...