Monthly Archives: May 2022

The African Continental Free Trade Agreement Can Succeed With Bitcoin

Crypto Daily

The AfCFTA is an intra-African trade agreement that offers opportunities to bring prosperity to Africa with the potential adoption of bitcoin. The African Continental Free Trade Agreement (AfCFTA) is the dawn of a fresh start for the continent, and if implemented successfully, it will unleash a new era of prosperity on the back of increased intra-African trade. At present intra-African trade is very low, making up only 14.4% of the continent’s total exports. The United Nations Conference on Trade and Development (UNCTAD) predicts that the AfCFTA could […]

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Nifty News: Louis Vuitton and Johnnie Walker dabble in Web3

Crypto News

Other notable NFT news this week includes Larva Labs deleting all of its Tweets and Elon Musk briefly changing his Twitter PFP to Bored Ape Yacht Club collage. This week’s Nifty News sees the arrival of Louis Vuitton to the nonfungible token (NFT) gaming scene, Johnnie Walker’s entry into Web3 and Elon Musk’s apparent embrace of Bored Ape Yacht Club. Louis Vuitton makes its mark in the NFT gaming scene To commemorate Louis Vuitton’s bicentennial birthday in late 2021, the French luxury brand launched a NFT game called […]

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World’s Largest Family-Owned Private Bank Now Offers Crypto Investments via SEBA Bank

Crypto Daily

On Wednesday, the world’s largest family-owned banking institution, LGT Bank, announced that it has selected SEBA Bank in order to provide cryptocurrency custody and brokerage services to clients. LGT will start by offering investments in bitcoin and ethereum and the bank’s customers can incorporate the digital assets into their existing LGT Bank-managed portfolios. LGT Bank Adds Crypto Services by Partnering With the FINMA Licensed SEBA Bank The largest family-owned private banking and asset management firm LGT Group has revealed the parent company’s banking institution will now offer […]

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Why Bitcoin Works For Latin America

Crypto Daily

The trustless nature of Bitcoin allows tremendous societal growth and development in places with low trust in the government and institutions. With El Salvador’s recent transition of making bitcoin legal tender, people are beginning to take the cryptocurrency more seriously. One important consideration about President Nayib Bukele’s incorporation of Bitcoin into the country is the ability to solve numerous issues unique to Latin American economies and markets, namely, the issue of trust. While Bitcoin’s usefulness as a technology and investment vehicle is clear to market participants in […]

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Bitcoin And Nuclear: The World’s Most Feared Technologies Can Actually Save It

Crypto Daily

Humanity must produce an excess amount of energy in order for forward progress — but with increasing demand, how can we achieve this? Much has been written about how intermittent renewables like wind and solar negatively affect grid stability and often need government subsidies to produce positive financial returns on investment (ROI). Less well understood, but even more important, is the fact these intermittent renewables reduce our global net energy surplus when compared to the coal, oil, natural gas and nuclear energy sources they replace. In other […]

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3 key metrics signal Terra (LUNA) price is preparing for a recovery

Crypto News

LUNA price is far from its all-time high but three key metrics signal that the altcoin could be preparing to rally. Terra (LUNA) price lost 31% over the past four weeks, erasing all of the gains accrued year-to-date and even though the token continues to outperform the broader cryptocurrency market by 20%, Terra is struggling to hold above the $85 support. Previously, a few bullish catalysts were Terra’s USD (UST) stablecoin flipping Binance USD (BUSD) to become the third-largest stablecoin on April 18 and the April 26 […]

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France’s financial authority approves Binance’s registration as digital asset service provider

Crypto News

Binance said it would “significantly scale” its operations in France following the registration approval, and planned to expand its team “to pursue further infrastructure development.” The Autorité des Marchés Financiers (AMF), France’s authority responsible for regulating the financial market, has granted Binance’s registration to provide crypto-related services in the country. In a Wednesday update, the AMF included Binance France SAS in its list of registered digital asset service providers in France. The registration was a step toward allowing the crypto exchange to provide crypto-related services in France […]

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Exploring BIP119 And The Way Changes Are Made In Bitcoin

Crypto Daily

In Bitcoin, it is nearly impossible to find out how much support there is for a proposal without trying it. CTV is a non-invasive change and should be accepted. This is an opinion piece about BIP119 (OP_CTV). If you would like to submit a counter argument, please email Bitcoin Magazine. In the past few weeks, there has been an effort to push a Bitcoin Improvement Proposal (BIP) forward by the name of CTV or BIP119. In this article I will attempt to do two things. First I’d […]

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Bitcoin Touches $40,000 As Fed Raises Rates In Biggest Hike In 20 Years

Crypto Daily

The Federal Reserve raised rates by 50 basis points on Wednesday in its latest attempt to curb inflation in the U.S. The U.S. Federal Reserve (Fed) has raised interest rates by 50 basis points in its largest hike since 2000. Bitcoin briefly touched $40,000 after the Fed released its new monetary policy guidelines. Image source: TradingView. The central bank’s Federal Open Markets Committee (FOMC) said in a Wednesday statement that the decision was made to support its goals of achieving maximum employment and curbing inflation rates to […]

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Coinbase’s plans to purchase firm behind Mercado Bitcoin fall through: Report

Crypto News

The crypto exchange previously announced the acquisition of blockchain infrastructure platform Bison Trails as well as the Routefire platform. Coinbase and Brazilian company 2TM, the parent company of Mercado Bitcoin, have reportedly scrapped talks around the crypto exchange purchasing the firm. According to a Tuesday Bloomberg report, 2TM and Coinbase have ended discussions around the United States-based crypto exchange buying the Brazilian company, which was valued at more than $2 billion. It’s unclear what led to the purchase not going through, as 2TM reportedly declined to comment […]

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