Monthly Archives: May 2022

Climbing The Ladder Of Financial Freedom With Bitcoin

Using Bitcoin to achieve financial freedom is a spectrum which can be analogous to climbing a ladder. There are many steps to achieve full sovereignty. We’re going to climb a ladder together today. It’s perhaps one of the more important ladders you will ever climb: the ladder of financial sovereignty. Until last year when I began to learn about Bitcoin, I didn’t know that such a ladder even existed and I’m guessing you didn’t either. What this ladder symbolizes is one of the more important human freedoms […]

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GameFi News: Tilting Point partners with Polygon Studios, and LootRush raises $12M

Catch up on the latest funding and partnership news about GameFi and Web3 gaming. This week Cointelegraph covers LootRush, Axie Infinity and Polygon Studios. SpongeBob and Warhammer mobile game scores Polygon partnership Free-to-play mobile games publisher Tilting Point has entered a multiyear partnership with Polygon Studios to launch 10 Web3 games over the next two years. Polygon Studios and Tilting Point plan to help both native Web3 game developers scale their games alongside free-to-play developer partners, and studios who want to bridge from Web2 to Web3 gaming. The […]

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Gucci to Accept Crypto Payments in Retail Stores

High-end fashion house Gucci will begin accepting cryptocurrencies at some of its stores this month, including bitcoin, ether, dogecoin, and shiba inu. The company plans for all of its directly operated stores in North America to accept crypto by this summer. Gucci to Start Accepting Crypto Payments Italian high-end luxury fashion house Gucci will start accepting cryptocurrency payments in five stores later this month, Vogue Business reported Wednesday. The five stores are located in New York City (Wooster Street), Los Angeles (Rodeo Drive), Miami (Design District), Atlanta […]

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Vector Finance (VTX) TVL hits a record high as the Curve Wars shift to Avalanche

The total value locked on Vector Finance hit a new high after the protocol integrated multiple stablecoins in the Avalanche ecosystem in order to become the network’s largest liquidity hub. The battle to attract stablecoin liquidity has been a trending theme across the cryptocurrency landscape for the past year, especially as decentralized finance users have come to realize the hefty APY that can be earned on dollar-peg assets. While Curve Finance remains the undisputed leader in interest bearing stablecoin liquidity pools, several new entrants have begun to […]

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Bitcoin drops to $35.5K as 1,000 point Dow correction marks the worst trading day since 2020

BTC and ETH price imploded toward swing lows as the Dow tumbled by 1,000 points and the Nasdaq lost 5%, marking the worst trading day for stocks since 2020. Global financial markets plunged into disarray on May 5 as the Dow Jones saw a 1,063 point drop and Bitcoin (BTC) price plummeted to $35,571 on Binance. The widespread weakness comes as traders have had more time to digest the recent half-point interest rate hike by the Federal Reserve, the largest hike since 2000, which was done in […]

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El Salvador’s central bank accepts Qredo’s registration to provide crypto services

Registered Bitcoin service providers in El Salvador include Chivo, the firm behind the state-issued crypto wallets and kiosks, Paxos Trust Company, Paxful and OpenNode. Decentralized finance firm Qredo has received approval for registration as a Bitcoin (BTC) service provider in El Salvador. In a Wednesday announcement, Qredo said the Central Reserve Bank of El Salvador accepted the crypto firm’s registration as a recognized Bitcoin service provider as laid out in the country’s Bitcoin Law. According to the registration website, Qredo was authorized to custody BTC, provide Bitcoin […]

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Finder’s Fintech Specialists Predict XRP Jumping to $2.55 by December 2022

On May 4, the product comparison platform finder․com published a ripple price prediction report that polls 36 fintech specialists. According to findings stemming from the participating panelists, ripple could jump to $2.55 per unit by December 2022. However, the prediction relies on Ripple Labs winning or settling its lawsuit with the U.S. Securities and Exchange Commission (SEC). Finder’s Report Gives a Short and Long-Term Ripple Price Forecast Stemming From 36 Panelists Last week, Bitcoin.com News reported on Finder’s experts predicting the future value of apecoin (APE). According […]

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So What If Bitcoin Miner’s Fee Revenue Is Low?

Much discussion has centered around the implications of decreasing fee revenue for bitcoin miners — why is it happening and what does it mean? Introduction Revenue for bitcoin miners from transaction fees is dropping to record lows, and fierce debates over the importance and long-term effects of this data are raging online. Current fee revenue represents barely 1% of total earnings for miners, a significant drop from the height of the latest bullish market cycle when, in February 2021 for example, fees were over 13% of monthly […]

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Luna Foundation Surpasses Tesla As Second Largest Corporate Holder Of Bitcoin

Luna Foundation Guard has acquired an additional $1.5 billion of BTC, surpassing Tesla as the second largest corporate holder of BTC valued over $3 billion. Luna Foundation Guard, the non-profit organization behind Terra’s UST Stablecoin, has acquired $1.5 billion worth of bitcoin. This purchase makes LFG the second-largest corporate holder of bitcoin, surpassing Tesla. The transaction was facilitated by cryptocurrency prime broker Genesis, and cryptocurrency hedge fund 3AC. Luna Foundation Guard (LFG), a non-profit organization focused on developing the Terra ecosystem, has closed a $1.5 billion over-the-counter […]

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Descending channel pattern and weak futures data continue to constrain Ethereum price

ETH derivatives metrics and technical analysis point toward further downside for Ethereum price. Despite bouncing from a 45-day low on April 30, Ether (ETH) price is still stuck in a descending channel and the subsequent 9% gain over the past four days was just enough to get the altcoin to test the pattern’s $2,870 resistance. Ether/USD price at FTX. Source: TradingView Federal Reserve monetary policy continues to be a major influence on crypto prices and this week’s volatility is most likely connected to comments from the FOMC. […]

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