Market News

Yachtzoo-Supports-Cryptocurrency-Payments
Yacht Brokerage Yachtzoo Now Accepts Crypto Payment via Bitpay

Luxury yacht brokerage company Yachtzoo announces partnership with crypto payment services provider Bitpay. The partnership allows acceptance of crypto payments for buying, selling, and chartering yachts. Bitpay only charges 1% transaction fees on yacht deals with Yachtzoo. The Monaco-based luxury yacht brokerage Yachtzoo disclosed that its company is working with BitPay, the leading cryptocurrency payments company who began modernizing the operations of businesses in 2011. Based on the company’s website, the luxury yacht services provider will integrate Bitpay in order for customers to use cryptocurrencies as a payment method. The collaboration allows the customers to buy, sell, and/ or charter

US-SEC-Commissioner-Allison-Lee-Steps-Down
US SEC Commissioner Allison Lee Steps Down

SEC Commissioner Allison Herren Lee Announces Departure (Sorta). Lee was sworn in as an SEC Commissioner on July 8, 2019. Allison has been a stalwart advocate for strong and stable markets Allison Herren Lee stepped down from her position as the Commissioner of the Securities and Exchange Commission (SEC). Lee announced her planned departure in March of this year with plans to take up a visiting professorship in Italy. According to the New York Times, she had delayed the opportunity to take a seat on the Commission in 2019. .  Prior to serving as a Commissioner, Lee spent over a

Putin Signs Law to Allow Bitcoin and Cryptocurrency Mining in Russia
Putin Signs Bill Outlawing Cryptocurrency Payments in Russia

Russian President Vladimir Putin signed a bill that bans the use of digital financial assets. Russians will not be allowed to use digital assets to pay for goods and services. Digital asset exchanges will have a given time to comply with the new law. According to Russian business media outlet RBC, Russian President Vladimir Putin signed a bill that bans the use of digital financial assets (DFA) such as Bitcoin and digital utility rights (DPR) as a method of payment in Russia. After being published in the government’s gazette, the legislation will go into effect 10 days later. The bill

OMNI Gears Up for Big Move, Analysts Predict $13 and $20 Potential Post-Breakout
Is It Bottom Already? Crypto Analyst Says Otherwise

The crypto market is seeing price surges, as the combined market capitalization is about to hit $1 trillion again. Crypto analyst il Capo of Crypto believes the bottom is not yet in. Meanwhile, SBF believes the worst is over for the crypto market. The crypto market is all-green once more, as most cryptocurrencies including Bitcoin and Ethereum are now witnessing slight upticks.  For example, Bitcoin is currently trading at $21,509.69, according to CoinGecko. This is a 24-hour increase of 5.5%. Meanwhile, Ethereum is trading above $1,240, a convincing 6.8% surge in the last 24 hours and 13% in the last

Crypto-Abuzz-as-SBF-Makes-“Worst-Is-Over”-Remark
Crypto Abuzz as SBF Makes ‘Worst Is Over’ Remark

Sam Bankman-Fried said the worst of the liquidity crunch is over. FTX has purchased BlockFi for $25 million. FTX also partnered with Ledger to enable exchange users to swap using Ledger Live. The crypto market is hyped anew as FTX CEO Sam Bankman-Fried said bullish remarks on top of major announcements. In an interview with CNN, Bankman-Fried, more popularly known simply as SBF, said that the worst of the liquidity crunch is over. SBF referred to the demise of various cryptocurrency and blockchain firms as a result of the ongoing crypto winter. He implied that these struggling firms have either

Crypto-Lending-Firm-Babel-Finance-Freezes-Withdrawals-Due-to-Crypto-Market-Crash
Babel Finance Freezes Withdrawals Due to Crypto Market Crash

Babel Finance temporarily freezes withdrawals of cryptocurrencies on Friday. The crypto lender failed to pay its clients due to the recent crypto market meltdown. Fear from crypto meltdown, withdrawal freezes from firms, and depegging might increase redemptions from other companies. Babel Finance momentarily freezes the withdrawals and redemption of cryptocurrencies from its platform on Friday. As per the report of CNBC, the action took place after the firm struggled to pay its clients caused by the recent crypto market meltdown. The value of cryptocurrencies in the past few weeks has tumbled after the investors dump their assets, due to the

SuperRare-Partnered-with-Vertical-Crypto-to-Launch-3-day-NFT-festival-in-London
Surveys Hint at Speedy Crypto Recovery, Investors on the Rise

A Bank of America survey says over 91% plan to buy crypto in the next six months.  An IRA survey says 80% want to buy Bitcoin and cryptos for their retirement savings.  These are great signs for a quick crypto market recovery. Despite the current crypto market crash, many are still holding onto their crypto assets. In fact, most are certain the end to the bear market is near and that a bullish future is imminent. According to a Bank of America survey, it seems that over 91% plan to buy crypto in the next six months. Specifically, according to

Cardano-preps-to-launch-Vasil-hard-fork,-$3-inevitable
Cardano Preps to Launch Vasil Hard Fork, Is $3 Inevitable?

Cardano preps to launch Vasil hard fork ADA may reach $3 Jack Dorsey to launch decentralized internet on Web5 One of the busiest crypto networks in the space, Cardano is preparing for the nearing launch of its Vasil hard fork. As per its developers, the building of the Vasil upgrade is going smooth. “Work is proceeding well and the teams’ operational focus remains on delivering the hard fork efficiently and seamlessly, they said.” Furthermore, the network developers also ensure that everything will go well in the launch. In detail, IOHK is working on the integration program to ensure that the

Learn-And-Earn-Crypto-Platform-Cryptohunt-Launched-Today
Learn-And-Earn Crypto Platform Cryptohunt Launched Today

Learn-and-earn crypto platform Cryptohunt launches its platform today. Cryptohunt offers a place to learn everything about crypto in one place. Users can also get ahead by learning the top crypto projects from its community. Cryptohunt, a learn-and-earn platform, launched to the public its cryptocurrency learning platform today. To celebrate its launch, the company held a launch party event at Celo’s San Francisco office, hosted by Cryptohunt co-founders Arndt Voges and Christian Byza. The platform offers a place for every level to learn everything about crypto projects, share individual knowledge, and ask and learn about upcoming projects. Cryptohunt currently has 30

Elon Musk on the Verge of Trashing Twitter
Elon Musk on the Verge of Trashing Twitter Deal, Data Revealed 70% of Musk’s Twitter Followers are Bots

Elon Musk asks Twitter for proof that only 5% of its users are bots/ fake. Data claims that more than 60 million on Musk’s Twitter account alone are bots/ fake. There are currently 217 million monetizable DAU on Twitter. Tech titan and crypto enthusiast Elon Musk halts the Twitter deal last month while waiting for the supporting details that only 5% of its users are spam or fake accounts. On Monday, a filing was presented to the SEC in regards to this issue. Twitter CEO Parag Agrawal claimed that the number of fake accounts is less than 5%. However, Musk

Cardano Price Moves Steadily Higher, ADA Believers Bullish
Cardano Price Moves Steadily Higher, ADA Believers Bullish

Cardano (ADA) was one of the top-performing assets over the last week.  The price of ADA soared by over 14% in a short time.  It went up to $0.64 and ADA fans are expecting a higher number soon. The crypto community is all the rage over Cardano (ADA) today as the crypto out-performed many of the other top-performing crypto. In detail, the price of ADA pushed past $0.6 today and is presently sitting at $0.59.  Many believe this soft surge is just a glimpse at what is to come when the Vasil hard fork event will take place at the

Binance Announces Web3 Integrated Concert Tour With The Weeknd
Binance Announces Web3 Integrated Concert Tour With The Weeknd

Binance is partnering with musical artist The Weeknd.  The crypto exchange will sponsor The Weeknd’s global concert tour. HXHOUSE will collaborate with the partners for exclusive merchandise. The crypto and music community is ecstatic over Binance’s latest partnership with The Weeknd. The partners will provide the first-ever web3 enhanced tour. The crypto-powered world tour will integrate web3 technology to deliver an exciting fan experience.  In detail, Binance will be the official sponsor for The Weeknd’s ‘After Hours Til Dawn’ tour. This concert will be the first tour to ever integrate with web3 technology. Truly, this will be a historic milestone