Monthly Archives: June 2020

Nike Unlocks Up to 3% in Crypto Rewards With Plutus Partnership

The U.S. footwear giant Nike entered a new affiliate partnership allowing customers to earn up to 3% from online purchases with crypto. The United States footwear giant Nike continues to explore the blockchain and cryptocurrency industry by introducing cash backs in crypto. The famous footwear and clothing company has just entered an affiliate partnership with London-based fintech startup Plutus​ to unlock up to 3% in crypto and 9% cash rewards for making purchases on Nike’s online store. Rewards are available for GBP and EUR only In order […]

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Russia Leads Global BTC Trading on LocalBitcoins for 2nd Month in a Row

Russia tops global Bitcoin trading on P2P exchange LocalBitcoins amid local crypto regulation uncertainty. Despite local cryptocurrency uncertainty, Russia is strengthening its leadership on major peer-to-peer exchange LocalBitcoins in the share of Bitcoin (BTC) trading volumes. Russia has traded the most Bitcoin on LocalBitcoins exchange for two consecutive months, April and May 2020, according to an analysis by crypto media startup CryptoDiffer. Russia trades nearly twice as much BTC on LocalBitcoins as Venezuela and the U.S. According to the data, Russia was responsible for 19% of total […]

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Crypto Could Save Millennials From the Economy That Failed Them

The Millennial generation will lead humanity to an era of new financial technology as they drive Bitcoin adoption through the next decade. In a seminal blog post by Blockchain Capital, Bitcoin (BTC) was described as a “demographic mega-trend.” And while new technology tends to follow a path of diffusion from younger to older generations, there is another thing driving crypto adoption among Millennials: The fiat-based economy has failed them. The demographic megatrend An online Harris poll conducted in April 2019 found that people aged 18–34 were three […]

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Blockchain Is Not a Cure-All for Every Video Conferencing Flaw

Blockchain projects are developing video conferencing applications as remote working gains more popularity during the ongoing COVID-19 pandemic. With the coronavirus pandemic forcing many businesses to adopt work-from-home policies, the demand for video conferencing programs appears to have increased. Indeed, by late April, video conference app Zoom was seeing 300 million daily meeting participants, a 50% rise from the 200 million recorded at the start of the month. Amid its growing popularity, the United States Federal Bureau of Investigation revealed significant privacy flaws with Zoom. SpaceX, owned […]

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3 Main Reasons Bitcoin’s Price Plummeted 14% in 15 Minutes to $8,600

The price of Bitcoin dropped 14% to $8,600 in less than 15 minutes in an intense long squeeze. The price of Bitcoin (BTC) plummeted by 14% from $10,180 to $8,600 on BitMEX within less than 15 minutes. Three major factors that caused the price drop were: long contracts accounting for the overwhelming majority of the Bitcoin market, BTC reacting to a multiyear resistance at $10,500 and whales dumping. BTC/USDT four-hour chart. Source: TradingView Bitcoin was overdue for a long squeeze Before the price correction occurred, the funding […]

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US Law Enforcement Promises $5M for the Capture of Venezuela’s Superintendent of Cryptocurrencies

U.S. Immigration and Customs Enforcement’s (ICE) and Homeland Security Investigations (HSI), has put out a bounty for $5 million for the arrest and conviction of Venezuela’s superintendent of cryptocurrency. Joselit de la Trinidad Ramirez Camacho is now added to America’s Most Wanted List, as he is accused of transgressing against U.S. sanctions and working with drug cartels. Reportedly, the Venezuelan Petro crypto asset is all part of Nicolas Maduro’s and Camacho’s scheme to avoid economic sanctions imposed by the American government. ICE and Homeland Security Put Up […]

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Partner at $500 Million Fund Explains Key Criteria For Investing in Startups

Partner at Initialized Capital Brett Gibson reveals his firm’s main criteria for early-stage startups to invest in and explains the most promising products on the market. Partner at Initialized Capital Brett Gibson revealed the main criterias used by his VC firm to invest into early stage startups and shared his views on the most promising products on the market. Initialized Capital invests in early-stage companies before they get to product/market fit, which means they still need to develop a product that meets the needs for the market. […]

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US Investors in Tezos’ 2017 ICO May Be Eligible for $25M Settlement

With the class-action lawsuit against Tezos likely to soon end in a $25 million settlement, ICO participants are encouraged to submit claims by Oct. 16, 2020. Investors who participated in Tezos’ (XTZ) initial coin offering (ICO) between July 1, 2017, and July 13, 2017, have been notified that they may be eligible for a share of the $25 million settlement proposed settlement to an ongoing class-action lawsuit alleging securities violations. What may comprise the case’s final Settlement Hearing is set to take place on August 27 to […]

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A16z Expects More Libra-Like Projects While Money Goes Digital in 10 Years

The future is digital and bank-free, said Andreessen Horowitz general partner Katie Haun in a recent interview. Andreessen Horowitz, or a16z, expects more Libra competitors to enter the space, seeing “an opportunity for a new financial network.” As the venture firm’s general partner Katie Haun told Bloomberg in an interview published June 1, a16z expects money to become largely digital in 10 years, akin to music, books and other things that have moved online. Haun clarified that platforms like Venmo and PayPal are not a necessarily accurate […]

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‘Exponential’ Volume Growth Can See Bitcoin Match Major Assets — Report

Bitcoin is still far from the status of macro assets, but is catching up relentlessly, says Coin Metrics’ State of the Network. “All facets” of Bitcoin (BTC) trading volume are growing exponentially and can easily match major asset classes, says a new report. Released on June 2, Coin Metrics’ State of the Network casts the spotlight on Bitcoin trading, producing some surprising figures as BTC/USD passes $10,000. BTC volume growth “exponential” across the board Measuring volume is difficult with the largest cryptocurrency, Coin Metrics says, given the […]

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