May 25, 2021

South Korea to Build a Pilot Platform for CBDC

South Korea announced plans to establish a pilot program examining the possibility of developing and launching a digital version of the won. The country’s central bank will focus on how the CBDC will work with mobile payment transactions, internet banking, saving accounts, transferring funds, and more. South Korea CBDC Pushes Forward According to a recent...
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CNBC Includes Ripple In Its 50 Disruptor Companies List

Ripple has been included in CNBC’s Disruptor 50 as the #38 of most successful private companies this year —primarily due to its innovative approach towards borderless payment technology and becoming one of the largest crypto companies in the world. This year’s CNBC’s Disruptor 50 is the ninth annual list of private companies thriving amidst the...
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YFI Price, UMA Price & LINK Price Swells Keeping The DeFi Space Uplifted

Chainlink Price Surpasses $25 Mark Chainlink price like the other assets had plunged heavily, slashing below $15 in the past couple of days. However, a magnificent recovery led the price to regain the lost positions above $25 in a short interval of time.  Advertisement Despite the LINK price could not undergo a steep V-shape recovery,...
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We’re Not Into Bitcoin, Says CEO of Giant EU Bank HSBC

HSBC reaffirmed that it has no intentions to launch a cryptocurrency trading desk or offer Bitcoin as an investment option to its clients. According to the institution, the digital asset is too volatile and lacks transparency. ‘We Are Not into Bitcoin’ The current crypto market situation continues to be highly unstable, mainly fueled by China’s...
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Ethereum Price May Experience a Monster Rally Soon!

Ethereum Price On Pivotal Phase! The Ethereum price rally showcased a pretty steady approach, by surging with strong momentum. No doubt, certain pullbacks hindered the price rally to some extent, yet it managed to bounce back quickly without wasting much time. And hence, Bitcoin is no longer the only largest and dominant crypto. Advertisement Despite...
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Virtue Poker Announces Integration of Funfair Wallet for Players of Decentralized Poker

[PRESS RELEASE – Ta’ Xbiex, Malta, 25th May 2021] Virtue Poker, an Ethereum-based decentralized poker platform has chosen the FunFair Wallet,  FunFair Technologies non-custodial wallet solution to power their new MGA licensed poker dapp. Particularly strong for acquisition, the wallet integration allows users to sign up to the Virtue Poker platform effortlessly without leaving the Virtue...
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Retail DeFi Startup Cryption Network Raises $1.1M in Private Round

[PRESS RELEASE – Tortola, British Virgin Islands, 25th May 2021] Cryption Network, a user-friendly defi platform built for retail users, has completed its latest funding round after raising $1.1m. The project welcomed investment from a slew of well-established private investors including Master Ventures, CMS Holdings, GravityX Capital, GenBlock. Additional capital came from Ascensive Assets, X21 Digital,...
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BitMEX x Stacked: Growing the Partner Programme Even Further

Today we are excited to announce the addition of Stacked into the growing BitMEX Partner Programme. Stacked is a smart automated crypto investing platform and portfolio management tool that allows users to instantly access vetted trading strategies and investment portfolios.Stacked tech helps to simplify the automated crypto trading process with a clean user interface and...
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IT Giant Globant Joins Buys $500,000 Worth of Bitcoin

The software development company, Globant, has filed documents with the SEC revealing an allocation of $500,000 in bitcoin. The firm has put the BTC investment into its portfolio of “intangible assets.” Globant is an IT and software development conglomerate founded in 2003 and headquartered in Argentina. It has over e dozen offices worldwide, including in...
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Chia Network Raised $61M and Announced Plans to Go Public

Another cryptocurrency-related company aims to go public, this time, it’s China Network. The project, founded by the inventor of BitTorrent, has chosen a more traditional way through an IPO and came a step closer after raising $61 million in a recent funding round. Chia Network Raises $61M to Go Public Founded in 2017 by Bram...
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TeraBlock Raises $2.94 Million from its TBC token IDO on BSCPad

[PRESS RELEASE – Tortola, British Virgin Islands, 24th May 2021] TeraBlock, a machine learning crypto exchange with advanced portfolio trade automation tools, has raised $2.94 million from its $TBC token IDO on BSCPad. Following a successful funding round that helped it raise $2.4 million, TeraBlock decided to go for Initial DEX Offering (IDO) on BSCPad....
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Bitcoin “FUD-bath” Drives $4.5 Billion in Realized Daily Losses

Analytics provider Glassnode has been breaking down last week’s market slump in its Monday “Week on Chain” report, revealing that the market traded down by over 47% from the weekly high of $59,463, to lows of $31,327. This generated a massive red $28K weekly candle, the largest ever. “The magnitude of realised losses on-chain this...
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Sunsetting the LINKUSDT Quanto Futures

It’s our duty to provide markets that command liquidity for our users – and at times, that means we need to allow some contracts to expire and not be renewed. We call this ‘sunsetting’, and in the coming Q3 Futures listing, we will sunset the LINKUSDT Quanto Futures after its regular June expiry at 12:00...
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Korea Slowly Moves Closer To Having Its Own CBDC

Korea’s central bank is looking to move forward with the implementation of a central bank digital currency at a slow but sure pace. According to information revealed by the Korea Herald on Monday, May 24, 2021, the Bank of Korea is working on implementing a virtual environment that would allow to evaluate, control and test...
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