Bitcoin News and Finance: What You Need to Know

PRESS RELEASE. Aloha Browser is paving the way towards a decentralized web with the recent Handshake (HNS) integration. Now websites with HNS names automatically resolve within the Aloha Browser without additional configuration. Aloha has always focused on privacy and security for its users and is now at the forefront by having a revolutionary browser for Web3. There are currently more than 28 million monthly active users on Aloha’s mobile apps for Android and iOS. With this release, an Aloha desktop browser is now available too. Download Aloha Browser here . Aloha Browser has several first of its kind Web3 features, making this a must-have for Web3 enthusiasts. While Web3 is multifaceted from DeFi to NFTs, having a Web3 enabled browser at the center is just as important as the browser was for the Web2 user experience. Handshake aims to be the base of the web by decentralizing the DNS root zone and replacing the need for centralized Certificate Authorities (CAs) through DNS-base...

BTC fell to its lowest level since last July, as prices dropped below $33,000 to start the week. The selloff in cryptocurrency started last week, following the Fed’s decision to hike interest rates by 0.5%. In addition to bitcoin, ETH hit a two-month low as a result of the red wave. Bitcoin Bitcoin slipped to a ten-month low to start the trading week, as a red wave continued to sweep the cryptocurrency market. Following five consecutive days of declines, BTC /USD dropped to an intraday low of $32,813.31 on Monday. Today’s bottom is the lowest level prices have traded since July 23 last year, when prices went on to drop below $30,000. Weakness in cryptocurrency markets has been present since the beginning of April, however following last Wednesday’s rate decision, a new chapter of the downturn seems to have commenced. As a result of the last fall in price, the 14-day RSI is now tracking at a low of 29.50, which is its weakest point since January 26. Should we see this level be...

The government of Venezuela is now focusing its action on trying to establish the bolivar as the go-to currency for purchases in the country. According to several economists, this might be a risky bet in a country that has just exited hyperinflation and still suffers high levels of inflation. However, the establishment of a 3% tax targeting expenses in foreign currency and crypto is having some effects in this regard. Venezuela Seeks to Strengthen Its Fiat Currency After having defacto dollarization, which the president of the country called an “escape valve” from the economic crisis that Venezuela had faced five years ago, now the country is seeking to establish its fiat currency, the bolivar, as an interesting choice for payments. A new tax called the IGTF, which seeks to tax transactions and payments made in dollars, foreign currency, and crypto at 3% in some instances, seems directed to aid in achieving this purpose. However, this might not yet be the time for such adjustments...

PRESS RELEASE. GensoKishi Online -Meta World- is developed under the license of the well-known Japanese 3D MMO title “Elemental Knights Online.” The iconic game has a 14-year history and has accumulated 8 million downloads worldwide. It already has a 3D MMORPG game with active users, with a fully-functioning 3D metaverse that simultaneously connects users worldwide, be it smartphones, PCs, or video game consoles. The game recently announced its collaboration with gaming legend Yoshitaka Amano to design its NFT collection. Since the release of the GensoKishi website and various social media channels on December 2, 2021, GensoKishi has achieved several records to date. The governance token of the GensoKishi is currently more than 50 times higher than the initial listing price of Bybit, the first exchange to list MV token. GensoKishi Online has opened up applications to enter the Closed Alpha Bronze Tickets lottery. Winners of the lottery will be provided exclusive access to Ge...

The African fintech industry has grown rapidly over the past few years and this has caught the attention of some well-resourced venture capital (VC) firms. As one would expect, Nigerian fintech startups have dominated the continent in terms of funds raised or the number of transactions performed. Nigeria’s Burgeoning Fintech Scene This dominance has convinced VCs to pour tens of millions of dollars into different Nigerian fintech projects. In fact, a few fintech startups that originated in Nigeria, the continent’s most populous country, have managed to secure funding in excess of $100 million. Using the funds raised, the fintech startups have not only expanded their footprint across the African continent but have increased the number of services they offer. Overall, the rapid growth of the fintech industry is said to have benefitted many financially excluded people from Africa. However, critics of Nigeria’s fintechs have argued that some of the VC-backed startups appear intereste...

Leading U.S. crypto exchange Coinbase has reportedly notified certain Russian customers that their accounts may be blocked at the end of this month. According to Russian media, the trading platform has offered them to withdraw their funds unless they prove they are not under sanctions. Coinbase Reportedly Asks Russian Clients to Withdraw Funds Some Coinbase users from Russia have received letters informing them that their accounts will be blocked on May 31, the crypto page of the Russian business news portal RBC reported. The company suggested that these customers withdraw their funds unless they provide documents indicating they are not subject to EU sanctions, the publication explained quoting the correspondence, which stated: Until May 31, 2022, you must withdraw all funds from your account or provide us with special documents that confirm that you do not fall under these sanctions. After that date, the funds may be frozen and all assets transferred to the accounts in the fut...