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Emerging from stealth with a $16.5M investment, this Dallas company has its eyes on crypto mining and the Nasdaq

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Turkey bans use of cryptocurrencies for payments, sends Bitcoin down

Turkey's central bank banned the use of cryptocurrencies and crypto assets to purchase goods and services, citing "irrepairable" possible damages and significant risks in such transactions. In legislation published in the Official Gazette overnight, the Central Bank of Turkey (CBRT) said cryptocurrencies and other such digital assets based on distributed ledger technology could not be used, directly or indirectly, as an instrument of payment. "Payment service providers will not be able to develop business models in a way that crypto assets are used directly or indirectly in the provision of payment services and electronic money issuance, and will not be able to provide any services related to such business models," the bank said. A growing boom in Turkey's crypto market had gained further pace recently, with investors hoping to both gain from bitcoin's rally and shelter against inflation. A weaker Turkish lira and inflation pressures also have driven u

Coinbase to be listed on Nasdaq in cryptocurrency milestone

The biggest US virtual currency exchange will be listed, following record Bitcoin highs. The listing marks a turning point for cryptocurrency , once considered an obscure investment prospect. Coinbase, the biggest US cryptocurrency exchange, is set to list on the Nasdaq on Wednesday, marking a milestone in the economic journey of virtual currencies. The listing is the biggest yet of a cryptocurrency company, with the San Francisco-based firm saying last month that private market transactions made the company valued at around $68 billion (€57 billion) this year, versus $5.8 billion in September. On Tuesday, the Nasdaq set a reference price for the company, which will be listed under the symbol COIN, at $250 a share. Taking into account shares in circulation, stock options and restricted shares, Coinbase's overall valuation will begin at $65.3 billion. Nearly 115 million Coinbase shares will be put on the market to start. A shift to the mainstream The move represents the latest brea

E11EVEN MIAMI Becomes First U.S. Nightclub to Accept Cryptocurrency

Ultraclub E11EVEN MIAMI announced Tuesday that it will now be accepting cryptocurrency as a form of payment - making them the first major nightclub in the U.S. to do so. Now, when paying for tables, drinks, or merchandise, guests have the option of seamlessly paying with cryptocurrency. "With the tremendous growth and relevancy of cryptocurrency coupled with Mayor Francis Suarez leading the charge for Miami's tech boom, we felt it made sense to introduce cryptocurrency as an option to our guests to pay for their night out," said Dennis DeGori, creator and CEO of E11EVEN MIAMI. "E11EVEN is dedicated to always staying ahead of the curve, and we believe Cryptocurrency is here to stay." E11EVEN MIAMI has partnered with one of the largest cryptocurrency processing companies to implement a system to process cryptocurrency purchases using Bitcoin, Bitcoin Cash, Ripple, Dogecoin, among others.  The system in place enables businesses to accept cryptocurrency as a form

Hong Kong Digital Asset Exchange launches NFT trading facility

Source: Hong Kong Digital Asset Exchange The Hong Kong Digital Asset Exchange (HKD.com), the first combined online and physical exchange in Hong Kong, has announced its plans for Hong Kong's first one-stop trading platform for NFT (Non-Fungible Token) digital artwork . Scheduled to open in the third quarter of this year, it will be the first digital asset exchange in Hong Kong built on blockchain technology offering an NFT trading platform. As the digital crypto-asset wave sweeps the world, HKD.com is taking the lead in bringing a one-stop NFT trading platform to Hong Kong.  The "HKD.com NFT Trading Platform" (tentative name) will provide artists with an online platform to publish, promote, trade and exchange their works, with a variety of crypto products to include digital art, animation, music and film. Platform users can trade, buy, sell and exchange tokens through public offerings or competitive bidding, and artists can publish their digital artworks.  HKD.com suppor

KBank tries blockchain option Kubix

Kasikornbank (KBank) is exploring an innovative form of services called decentralised finance (DeFi) using blockchain and independent of central financial intermediaries as it tries to grow its business regionally via the digital platform. According to Ruangroj Poonpol, chairman of Kasikorn Business Technology Group (KBTG), a tech arm of KBank, KBTG recently established a subsidiary called Kubix to operate as an initial coin offering portal for digital tokens in a collaboration with the Stock Exchange of Thailand. DeFi is a blockchain-based form of finance that does not rely on brokerages, exchanges or banks to offer traditional financial instruments. Instead, it utilises smart contracts on blockchains. DeFi platforms allow people to lend or borrow funds from others, speculate on price movements on a range of assets using derivatives, trade cryptocurrencies, insure against risks and earn interest in savings-like accounts. "DeFi is a key exploration for KBank Group this year,"

BitMart Exchange Partners with MoonPay to Advance Fiat-to-Crypto Transaction

New York, NY, April 10, 2021 (GLOBE NEWSWIRE) -- (via   Blockchain Wire ) Only two months after the cryptocurrency market capitalization exceeded $1 trillion, it doubled itself and made the milestone of $2 trillion in early April, bringing the whole world's attention to the cryptocurrency market again. There is no doubt that cryptocurrency is gaining momentum globally, and the crypto world remains an industry full of possibilities. With Bitcoin's price skyrocketed since last year and the DeFi market fully bloomed, insightful players are unlocking boundless potentials, and this is exactly what BitMart aims to help its users achieve as a premier digital assets trading platform. With its strategic partnership with  MoonPay , a global payment solution for cryptocurrency,  BitMart  will continue serving everyone with innovative products and a seamless trading experience.  Reliability means everything to a trading platform. In the past three years, BitMart has been securing over 2.2

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