FAB Triumphs in Blockchain Cross-Border Payment Pilot Test with J.P. Morgan
First Abu Dhabi Bank (FAB) successfully concludes a blockchain payment pilot with J.P. Morgan’s Coin Systems, highlighting the potential of blockchain in cross-border payments. Key Takeaways In a noteworthy stride towards marrying traditional banking with blockchain technology, First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates and a global financial powerhouse, jubilantly unveils the successful conclusion …
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Bitcoin’s Failure to Surpass $28,000 Triggers a Widespread Cryptocurrency Downturn
The cryptocurrency market experienced a significant drop on “Red Monday,” with Bitcoin leading the decline after failing to break through the $28,000 resistance level. Key Takeaways A tremor rattled the cryptocurrency domain this Monday, with Bitcoin’s inability to cross the $28,000 threshold ushering in a notable slump across various digital currencies. Not only did Bitcoin’s struggle cast its shadow, but …
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Crypto Aid Israel Emerges as a Beacon of Help Amidst Devastating Conflict
Crypto Aid Israel, backed by Israel’s web3 sector, is establishing a multisig wallet to accept cryptocurrency donations for Israeli citizens affected by the ongoing conflict. Key Takeaways In a unified effort to provide crucial aid amidst the devastating war unraveling in Israel, Crypto Aid Israel, underpinned by Israel’s potent web3 sector, has instigated a crypto donation wallet, marking a beacon …
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Upbit Confronts a Whopping 160,000 Hack Attempts in 2023’s First Half
Upbit faced a staggering 160,000 hacking attempts in H1 2023, double that of 2022. Security measures intensified after a 2019 hack. Rising cyber threats challenge crypto exchanges. Key Takeaways Upbit, one of the prominent cryptocurrency exchanges, has been swamped with a colossal 160,000 hacking attempts in just the initial half of 2023, marking a perturbing 2.17-fold increase from the first …
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Analyst Illuminates BTC Trading Strategy Utilizing RSI Indicator
Market analyst Ali Martinez highlights a Bitcoin (BTC) trading strategy using the Relative Strength Index (RSI) indicator, suggesting buying when RSI exceeds 74.21 and selling below 30.35. Key Points In a strategy spotlight, renowned market analyst Ali Martinez recently presented a strategy for trading Bitcoin (BTC), leveraging insights derived from the Relative Strength Index (RSI) indicator. Through his brief analysis, …
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Starbucks Embarks on an NFT Odyssey, Gauging the Intersection of Loyalty and Blockchain
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Cary
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October 3, 2023
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NFT, Crypto
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Blockchain, NFT, Starbucks
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0 Comments
Starbucks tests “Starbucks Odyssey,” adding NFTs to its loyalty program. Members can earn NFTs and Odyssey Points through online activities. Key Points Navigating through the emergent landscape of Non-Fungible Tokens (NFTs), Starbucks is testing the waters with Starbucks Odyssey, an extension of its Rewards program, which involves NFTs as a facet of its customer loyalty strategy. Regular Starbucks Rewards members …
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VanEck’s Ethereum ETF Profits Pledge Boosts ETH Outlook
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Cary
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September 30, 2023
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News, Crypto
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ETF, Ethereum, VanEck
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0 Comments
VanEck commits 10% of Ethereum ETF profits to support core developers, enhancing stability and potential price impact, amid regulatory uncertainties. Key Takeaways: Investment management giant VanEck has announced a generous commitment to donate 10% of the profits from its upcoming Ethereum Strategy ETF to Protocol Guild, a collective supporting Ethereum’s core developers. This declaration comes ahead of the highly anticipated …
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Circle Advocates for Stablecoins in Binance’s Ongoing SEC Lawsuit
Coinbase faces regulatory and market challenges but continues to expand. CEO Brian Armstrong notes U.S. regulatory ambiguity. Key Points: In the midst of the Securities and Exchange Commission (SEC)’s legal pursuit of Binance, Circle, the issuer of the stablecoin USDC, has entered the fray, ardently arguing that stablecoins are not securities and therefore should not be subjected to financial trading …
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FTX Lawyers Outrage Over Inadequate Prison Internet Access
FTX founder’s defense argues that subpar prison Wi-Fi is hampering trial preparation, underscoring the importance of reliable internet access in the justice system. Key Points Having poor internet connection is not just inconvenient — it could also impact the course of justice; that is what lawyers for FTX founder Samuel Bankman-Fried are arguing in a recent court filing. Former FTX …
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SEC Settles Charges Against Fintech Firm Linus Financial
The SEC settles charges against Linus Financial for selling an unregistered cryptocurrency lending product. Key Points The US Securities and Exchange Commission (SEC) made an announcement on Thursday regarding the settlement of charges against Linus Financial, a fintech firm based in Tennessee, over the sales of an unregistered cryptocurrency lending product. The SEC stated that it will not impose civil …
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