Category Archives: Crypto Daily

Coinsource Partners With Kwik Trip To Launch 800 Bitcoin ATMs

Coinsource has partnered with Kwik Trips, one of the largest independently owned gas station brands, to launch 800 bitcoin ATMs across the United States. Coinsource is installing 800 bitcoin ATMs across midwestern Kwik Trip gas stations. Coinsource charges a flat 11% fee and offers a discount to Kwik Trip rewards members. Kwik Trip employs over 32,000 employees and is one the largest, family-owned and top rated gas stations brands. Coinsource, one of the largest bitcoin ATM providers in the U.S., has announced a partnership with Kwik Trip […]

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Japanese Broker Nomura To Launch Bitcoin, Crypto Subsidiary: Report

Japan’s largest investment banking broker is set to launch a subsidiary focused on institutional bitcoin and cryptocurrency products. Japanese brokerage Nomura will reportedly launch a subsidiary to offer bitcoin and other cryptocurrency services to institutional clients. The wholly-owned unit will have a staff of 100 by 2023, a report said. Nomura executed some of its first trades with bitcoin derivatives last week. Nomura Holdings Inc., Japan’s largest investment banking group, is launching a new subsidiary focused on institutional client services for bitcoin and other cryptocurrencies, according to […]

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Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries

On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since usd coin’s inception, the stablecoin aims to be “the most transparent and trusted dollar digital currency.” Terra’s Stablecoin De-Pegging Incident Has Cast a Spotlight on the Entire Stablecoin Economy For a few years now, stablecoin assets have been a popular hedging vehicle among many participants within the cryptocurrency community. In more recent times, stablecoins are being loaned […]

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Bitcoin, Ethereum Technical Analysis: BTC Below $30,000 to Start the Week

Following a volatile weekend of trading, cryptocurrency prices consolidated to start the week, with BTC close to its long-term floor. Overall, bitcoin was trading marginally below $30,000, with ETH hovering slightly above $2,000. Bitcoin BTC started the week trading below $30,000 following a volatile weekend of trading, which saw prices mainly consolidate. Following a rise to a peak of $31,308.19 during Sunday’s session, BTC/USD fell to an intraday low of $29,412.58 on Monday. Today’s low has seen prices approach the long-term support level of $28,800, following a […]

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Hoseki To Launch Open Beta For Bitcoin Proof Of Assets Product

Hoseki, a bitcoin infrastructure company, closed an investment seed round led by Stillmark and plans an open beta test for a proof-of-assets product by Q3 2022. Hoseki, a bitcoin proof-of-asset infrastructure company, has completed a seed round of investments led by Stillmark. The company has already found 50 traditional lenders and mortgage brokers that will accept proof-of-assets documentation from Hoseki. Hoseki intends to use the capital to further product development and plans an open beta for its product during Q3 2022. Hoseki, a proof-of-asset infrastructure service for […]

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Luna Foundation Sold 80,000 Bitcoin Amid UST Crash

The non-profit organization said only 313 BTC are now left on the bitcoin reserves for Terra’s UST stablecoin. Luna Foundation Guard (LFG), the non-profit organization holding Terra’s bitcoin reserves, confirmed on Monday morning that it had sold over 80,000 BTC over the past week to acquire TerraUSD (UST) in an attempt to defend its crumbling U.S. dollar peg. “Consistent with its non-profit mission & focus on the health of the Terra ecosystem, beginning on May 8, when the price of $UST began to drop substantially below one […]

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David Marcus Launches Bitcoin Payments Startup Lightspark

David Marcus, former cryptocurrency head at Meta, is launching Lightspark, another payments company that will use crypto as its central payment tool. The startup, which will have Marcus at the helm as CEO, also features some of Meta’s former employees and will explore the possibilities of using the layer 2 Lightning Network (LN) as a vehicle for bitcoin payments. Meta’s Former Crypto Boss Kickstarts Lightspark David Marcus, former cryptocurrency project boss at Meta, is doubling down on the importance he thinks crypto might have for payments in […]

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Tezos Foundation Launches Fund to Collect NFT Creations by African and Asian Artists

The Tezos Foundation recently said it has committed $1.23 million to a fund that will be used to collect non-fungible tokens (NFTs) created by African and Asian artists. Photographer Misan Harriman has been selected as the curator of the foundation’s permanent art collection. Supporting a New Generation of Artists The Swiss non-profit organization, Tezos Foundation, recently said it has committed about $1.23 million (£1 million) to a fund, which will be used to collect non-fungible tokens (NFTs) of upcoming artists from Africa and Asia. The artists’ works […]

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Turkish Referee Flips Bitcoin at Istanbul Derby Kick-Off, Soccer Authority Launches Probe

A soccer referee’s decision to toss a bitcoin before the start of a recent match between Istanbul giants Beşiktaş and Fenerbahçe has sparked controversy in Turkey. The country’s football authority is trying to establish why a crypto coin was used for the ritual when that role should have been reserved for the Turkish lira. Bitcoin Coin Toss at Soccer Game Under Investigation in Turkey The latest clash between Istanbul soccer clubs Beşiktaş and Fenerbahçe ended in a 1-1 draw but it’s not the tight game that drew […]

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UK Affirms Commitment to Regulate Stablecoins Following Terra Meltdown

The British Treasury Department has affirmed its commitment to regulate stablecoins after the collapse of terrausd (UST) and terra (LUNA). “This will create the conditions for issuers and service providers to operate and grow in the U.K., whilst ensuring financial stability and high regulatory standards,” said an HM Treasury spokesperson. Regulation of Stablecoins in the UK HM Treasury, the U.K. Treasury Department, is moving forward with plans to regulate payment stablecoins despite a crypto market meltdown last week, The Telegraph reported Saturday. The affirmation followed the collapse […]

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