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Binance and MDI Ventures To Expand the Blockchain Ecosystem in Indonesia
Binance and MDI Ventures to Expand Blockchain Ecosystem in Indonesia

Binance is working with a group led by MDI Ventures to expand the blockchain ecosystem. This venture is aimed at the fourth most populous country in the world — Indonesia.  All parties involved are hoping to grow together as partners. One of the biggest names in the blockchain and crypto industry — Binance, has struck a joint venture with a group led by MDI Ventures (MDI). Together, the entities plan to expand the blockchain ecosystem in Indonesia.  In detail, this team is aiming to boost the development of blockchain in Indonesia by developing a new Indonesian-based digital asset exchange. Indeed,

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Crypto Mining gets Greener, Faster After Elon Musk Criticism
Crypto Mining gets Greener, Faster After Elon Musk Criticism

Crypto mining is now cheaper, faster, and less energy-consuming than 8 months ago. Elon Musk trigged a crypto market slump after criticizing Bitcoin mining in May. Also, EV Battery Technology recently launched an emission-free mining solution. In less than 8 months after triggering a huge market collapse, crypto mining has metamorphized as faster and greener. This is according to a study of several leading crypto mining companies like EV Battery Technology, Riot Blockchain, BIT Digital, and Bitfarms to name a few miners. Earlier this year, Tesla CEO, billionaire and Time person of the year, Elon Musk, criticized cryptocurrency for its

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Is the Crypto Supercycle Still Going to Happen Soon?
Is the Crypto Supercycle Still Going to Happen Soon?

The crypto market is deep in the red again.  Community members are questioning if the crypto supercycle is still going to happen. Analysts claim that the supercycle is still in play. The crypto market is bleeding badly again despite previous attempts to have a green holiday season. Despite calls saying that the crypto supercycle is going to happen this year, particularly from November to early January, current prices are hinting otherwise. Among the top ten cryptocurrencies on CoinGecko, only Dogecoin is in the green. This is partly due to Tesla CEO and now TIME’s Person of the Year Elon Musk’s

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Germany’s Top Savings Bank to Offer Bitcoin to Clients
Germany’s Top Savings Bank to Offer Bitcoin to Clients

Sparkasse will enable clients to buy, sell, and hold Bitcoin. Sparkasse is Germany’s largest savings bank with over 50 million clients. At the time of writing, Bitcoin price is at $47,591.88. Germany’s biggest savings bank Sparkasse is planning to enable its clients to buy, sell, and hold bitcoins. According to various media sources, the bank is already working toward the mentioned goal and will possibly launch the service in 2022. This ongoing project of Sparkasse was previously confidential, although German publication Finance Forward revealed the details today. Earlier, the bank has been very cautious of cryptocurrencies and has been informing

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Ethereum Struggles Below $4k, Analysts Still Optimistic
Ethereum Struggles Below $4k, Analysts Still Optimistic

ETH fails to smash its resistance level Ethereum remains one of the investors favorite crypto The crypto world continues to maintain its uptrend position despite the market’s wild volatility. Ethereum is one of the solid digital assets in the space that keeps its fight against the bearish markets. This aggressive performance of the crypto made analysts and investors in the space monitor its achievements. This made The Wolf Of All Streets react in a tweet post, The Wolf Of All Streets explained that the Ethereum crypto failed to smash its resistance level. “ $ETH was temporarily rejected at resistance like

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Bitcoin Withdrawal Enabled After $200M BitMart Hack
Bitcoin Withdrawal Enabled After $200M BitMart Hack

BitMart has now enabled bitcoin withdrawals from its exchange. The crypto exchange got hacked recently, in which $200 million worth of cryptocurrency was stolen. Deposit and withdrawal functions for Ethereum and ERC-20 tokens went online on December 7. Amid the recent BitMart hack, the exchange now allows users to deposit and withdraw their bitcoins and other major cryptocurrencies. These include Solana (SOL), Kusama (KSM), and more. According to an email sent to BitMart users, the exchange is still conducting its investigation regarding the security breach. Specifically, on December 4, a person that they have yet to identify has gained access

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AscendEX (Bitmax) Loses $78 Million to Hackers
AscendEX (Bitmax) Loses $78 Million to Hackers

Crypto exchange AscendEX lost about $77.7 million to hackers. The exchange lost tokens on Ethereum, Binance Smart Chain, and Polygon. Also, AscendEX token ASD rallied after briefly plunging following the news Cryptocurrency exchange AscendEX, formerly Bitmax, is the latest crypto exchange to fall victim to hackers. The exchange recently disclosed a breach in the exchange’s hot wallet. Researchers at PeckShield, a security firm, claim the exchange lost about $77.7 million.  Fortunately, the hack was limited to the exchange’s hot wallet with the cold wallet remaining unaffected.  Some of the tokens taken from the exchange include Tether (USDT) and USDC stablecoins,

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Investment Fund Rockaway Capital Invests $5M to 1Inch
Investment Fund Rockaway Capital Invests $5M to 1Inch

Investment fund Rockaway Capital has invested $5 million to 1Inch through its Rockaway Blockchain Fund. Rockaway invests heavily into DeFi projects to make it a $1 trillion market. Other DeFi platforms under Rockaway are Uniswap and SushiSwap. Prague-based investment fund Rockaway Capital has poured 100 million Czech koruna ($5 million) into decentralized exchange (DEX) aggregator 1Inch through its Rockaway Blockchain Fund (RBF). According to the investment fund, this is its largest investment into the DeFi space so far. Viktor Fischer, head of RBF, said: “The reason we have so much faith in 1Inch is simple. It’s a leader in the

1 min read
Digital Euro, Swiss Franc Trial Successful. Pound Soon?
Digital Euro, Swiss Franc Trial Successful. Pound Soon?

The central banks of Switzerland and France announced the success of their CBDC trial. However, the CBDC trial success does not necessarily translate to the immediate issuance of their digital currencies. Meanwhile, Ripple has joined the Digital Pound Foundation. The central banks of Switzerland and France announced the success of their trial of a cross-border central bank digital currency (CBDC) between the euro and the Swiss franc. Named Project Jura, the trial is the first time that these tokenized fiat currencies saw full-scope testing. According to a report by Reuters, the trial exhibited the possibility of settling foreign exchange transactions

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WhatsApp Implements Crypto Transfer for US Users
WhatsApp Implements Crypto Transfer for US Users

Messaging giant WhatsApp has started enabling crypto transfer for American users. This function will happen via Pax Dollar (USDP) through the Novi wallet app. WhatsApp has started implementing its cryptocurrency transfer function exclusively for American users beginning December 9. Specifically, users in the said country can have the option of sending and receiving money via the Novi digital wallet app. According to Novi CEO Stephane Kasriel, the new function is currently in test mode. However, another tweet revealed that they started with this pilot six weeks ago. Since then, they were able to “test and learn” the features and functionality

1 min read
Grayscale: 26% of Americans Own Bitcoin
Grayscale: 26% of Americans Own Bitcoin

26% of Americans own bitcoin, according to Grayscale Research’s 2021 Bitcoin Investor Study. At least 55% of current investors in the US started buying bitcoin in the last 12 months. At the time of writing, Bitcoin price is at $50,110.50. Grayscale Research, the intelligence arm of the investment company, published its 2021 Bitcoin Investor Study. The research focused on the Bitcoin market in the US, in which 1,000 participants were involved in some form of personal investing.  According to the study, at least 26% of people in the US now own bitcoin. This is an increase from 23% of last

1 min read
BitTorrent Price Surges 49% After Mainnet Announcement
BitTorrent Price Surges 49% After Mainnet Announcement

BitTorrent (BTT) price has surged 49% in less than 24 hours. The price increase is due to BitTorrent Chain’s imminent launching. BTT tokens will be redenominated and swapped at a ratio of 1:1,000. BitTorrent (BTT) is having a price surge ahead of other cryptocurrencies like Bitcoin and Ethereum. Specifically, BTT price has seen an increase of at least 49% in less than 24 hours. As seen on the chart above, the BTT price was trading at $0.002. Within an hour, the price shot up to the $0.003 range. The BTT price surge is due to the announcement of BitTorrent’s own

1 min read