It’s clear that there is a demand for the use of Dogecoin from the public, and one very popular online casino and sportsbook has jumped to the occasion. With Dogecoin as the new addition to their list, Cloudbet now supports a total of 12 digital currencies which includes Bitcoin, Bitcoin Cash, Ethereum, Tether, USDC, and Litecoin to name a few. The coins available to play with at Cloudbet account for more than 80% of the total market cap of all cryptos.
Ethereum on the rise – step aside Bitcoin
It’s been a stellar week for the digital coin Ether as its price hit an all-time high of over $3400 on Tuesday, extending its rally with gains of more than 300% this year. The coin has quadrupled in value since the start of 2021 and some experts believe there’s more to come. Ethereum is the world’s second-largest cryptocurrency and has seen a growth of over 320% from the beginning of the year compared to Bitcoin’s 98% – which is still very impressive.
Crypto Purchase Made Easy with Coinbase-PayPal Partnership
The leading cryptocurrency exchange in the United States, Coinbase, has announced on Thursday that US customers can now purchase cryptos on their platform by using PayPal as a source of funding. This pioneer crypto exchange has been at the helm of the struggle for global crypto adoption and is now paving the way to new avenues yet again with this exciting venture.
South Korea Could Shut Down All 200 Crypto Exchanges Due to New Regulations
A warning has been issued from the chairman of South Korea’s top financial regulator, that a new financial law can cause major problems as early as September. Things are about to get tricky for all 200 cryptocurrency exchanges in South Korea. Last week, the country’s National Assembly’s Political Affairs Committee held a general meeting. Following […]
Binance Welcomes Apple, Microsoft, and MicroStrategy Stock Tokens for Trade
Leading cryptocurrency trading platform Binance is opening up to the trade of tokenized stock from some of the biggest companies in the world. Tesla’s stock became available for trade in the form of a token on this popular platform. They have also added fractional shares of their rivaling exchange Coinbase after it went public on April 14. Now, Binance has announced that it will be listing tokenized shares of Microsoft, Apple, and MicroStrategy by the end of April this year.
Women in Majority as Large % of U.S. Adults Show Interest in Crypto Investment
With the number of Crypto investors set to nearly double this year, women are the ones leading the charge and changing the demographic of digital asset holders. There is plenty of interesting information coming out of a new national survey, done by crypto exchange Gemini. Collecting data from 3,000 households across the U.S., the report […]
UK Next on the List for a Digital Currency?
Central banks have been looking into issuing their own central bank digital currencies (CBDC) and the UK has their eyes set on one of their own. China has been in the lead among major economies for years as they have already started extensive testing on a pilot last year. But now the UK is hot on their heels with ideas for their own CBDC. Of Course, a lot more planning and research is involved when structuring a new digital version of a major economy’s currency. And the UK is doing all the necessary research to ensure a smooth-running operation.
Turkey Says “No Thanks” and Bans Crypto Payments
Turkey has now announced that they are introducing a ban on payments using cryptocurrency. The Bitcoin price has dropped somewhat since the announcement and currently sits at around $56k, down from an all-time high of above $63k last week. The Central Bank of the Republic of Turkey (CBRT) has warned that cryptocurrencies or other crypto assets will be prohibited as a form of payment, both directly and indirectly, for the purchase of goods and services within the country. This ban will come into effect on the 30th of April, 2021.
Kraken CEO Warns of Crackdown on Cryptocurrency
Jesse Powell, CEO of Kraken, which is the fourth largest cryptocurrency exchange in the world in terms of volume, fears that a “crackdown” on cryptocurrencies is imminent. There have been some recent warnings from various officials about the use of cryptocurrencies for money laundering and the financing of terrorist organizations. U.S. Treasury Secretary Janet Yellen, and European Central Bank President Christine Lagarde, have brought these concerns to light.
Coinbase About to Make its Public Debut on Wall Street
Tomorrow, on April 14, 2021, the US-based crypto exchange Coinbase will be going public with its much anticipated IPO. The crypto market is preparing anxiously for this event as the Bitcoin price has reached nearly $62,000 over the last week and the total cryptocurrency market capitalization has exceeded $2 trillion. The company has been showing incredible results throughout the first quarter of 2021 with an estimated profit of $730 million to $800 million. This shows double their profits for the entire 2020 which was $322 million in a total revenue of %193 billion.
