Monthly Archives: January 2022

Bitcoin And Businesses: What Is Your Bitcoin Strategy?

How can you implement bitcoin in your business, and what benefits can such a move have for business owners? With the mainstream coverage of bitcoin increasing radically in 2021, more people are realizing that bitcoin is a savings technology unlike anything seen in their lifetime. As such, it opens up new avenues of thinking that allow you and your business to allocate capital differently than anyone previously thought possible. In an interview with Michael Saylor, Ross Stevens, CEO of New York Digital Investment Group said that the […]

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NBA Players Klay Thompson, Andre Iguodala To Get Paid In Bitcoin

The Golden State Warriors stars will receive a portion of their salary in bitcoin and donate $1M in BTC each. NBA players Klay Thompson and Andre Iguodala will take a portion of their next salary in bitcoin and donate $1 million in BTC each to fans, the Golden State Warriors guard and guard-forward announced on Monday. “I’m with bitcoin because I believe it’s the future of money,” Thompson said in an announcement tweet on Jan. 10. Thompson and Iguodala have partnered with Cash App, the money transmitting […]

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Bitcoin price bounces to $41.5K, but derivatives data shows traders lack confidence

Key BTC trading metrics are sitting on the edge of the “worst outcome” scenario, suggesting that the current sell-off is far from over. Bitcoin (BTC) briefly reached its lowest level in five months this Monday at $39,650, marking a 42.6% drawdown from the all-time high present on Nov 22, 2022. Some argue that a “crypto winter” has already begun citing the $2.1 billion leverage-long aggregate crypto futures contracts that were liquidated over the past seven days. Bitcoin/USD price at FTX. Source: TradingView The descending channel guiding Bitcoin’s […]

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Binance sponsors AFCON to further develop crypto adoption in Africa

Binance partners with the Confederation of African Football to sponsor the TotalEnergies African Cup of Nations tournaments. Monday marked the start of the TotalEnergies Africa Cup of Nations tournament — the largest men’s football championship series in Africa. At the same time, Binance announced its official partnership with the Confederation of African Football as well as its official sponsorship for the AFCON 2021 tournament, becoming the first crypto and blockchain sponsor for the event. Through this sponsorship, Binance will also be promoting CAF’s social media content which […]

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3x NBA champion Andre Iguodala becomes the latest athlete to receive salary in crypto

Iguodala said he will also be giving out $1 million worth of BTC to fans to increase the cryptocurrency’s adoption. On Monday afternoon, Andre Iguodala, three-time NBA champion and the professional basketball player for the Golden State Warriors, announced via Twitter that he would be taking a portion of his estimated $2.647 million annual salary in Bitcoin (BTC). In addition, Iguodala added that he will give out $1 million worth in BTC to fans to increase the digital currency’s adoption. Payments were said to be facilitated by […]

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Australia’s largest crypto exchange will sponsor tennis star Ajla Tomljanovic

Users from the crypto exchange will have the chance to win tickets to two tournaments and a meeting with Ajla Tomljanovic using a nonfungible token showing proof of attendance. BTC Markets, the largest digital assets exchange in Australia, has announced it will be sponsoring professional tennis player Ajla Tomljanovic for the Australian Open and Sydney Tennis Classic tournaments taking place this month. In a Tuesday announcement, BTC Markets said it would be backing Tomljanovic as part of a partnership inspired in part by “increased investor activity from […]

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Bitfarms Buys the Dip: 1,000 Bitcoin Added to Treasury as BTC Falls While Mining Hardware Prices Remain High

Global bitcoin mining company Bitfarms has bought the dip and added 1,000 bitcoins to its balance sheet while the prices of mining hardware remain high. The company’s corporate treasury now holds more than 4,300 bitcoins. Mining Company Buys the Dip Bitfarms Ltd. has taken advantage of the falling price of bitcoin. The publicly traded bitcoin mining company announced Monday that it has purchased 1,000 BTC for its treasury. The announcement details: During the first week of January 2022, Bitfarms purchased 1,000 BTC for US$43.2 million. This increased […]

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Direct Fiat On-Ramps Come to Algorand (ALGO) via Alchemy Pay (ACH)

PRESS RELEASE. Singapore, 10 January, 2022: Algorand (ALGO), the layer-1 blockchain for decentralized and traditional finance, has added direct fiat payment channels into their network, thanks to a new integration with Alchemy Pay (ACH). Alchemy Pay, is a payment solutions provider that connects fiat and crypto economies, and its global merchant network now supports Algorand’s $ALGO token for payments in 65 countries. Algorand also announced it has joined the Blockchain Infrastructure Alliance which was inaugurated in October by Alchemy Pay, NEO, NEAR, and Polygon. The integration with […]

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New NFT marketplace LooksRare allows traders to earn rewards

As NFT trading activity remains high in volume, a new wave of NFT trading platforms have begun to crop up in 2022. LooksRare, a recently launched nonfungible token, or NFT, marketplace, says it wants to index all NFT collections on the Ethereum blockchain. The site went live on Monday with a token airdrop. #LooksRare NFT Marketplace Now Live! $LOOKS airdrop claim open⏰ Staking starts at block 13977012 Trading reward calculations start tomorrow LFG! https://t.co/Y1jt9Kmqt6 — LooksRare – NFT Marketplace (@LooksRareNFT) January 10, 2022 Created by two anonymous […]

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Bitcoin dip below $40K follows Fed signal of a possible fourth rate hike in 2022

BTC’s abrupt drop to $39,650 came after the Federal Reserve floated the prospect of a fourth rate hike in 2022. Global financial markets, stocks and cryptocurrencies took a knock on Jan. 10 after rumors that the Federal Reserve may hike interest rates four times in 2022 circulated and sparked a sell-off and sent the benchmark 10-year Treasury yield briefly above 1.8%. Data from Cointelegraph Markets Pro and TradingView shows that a massive wave of selling broke Bitcoin’s (BTC) support near $42,000, resulting in a plunge to $39,660 […]

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