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Showing posts from May, 2021

Want to Find the Next Dogecoin? This meme-based crypto is outperforming other altcoins

  CATZ coin has been performing better than other Binance Smart Chain altcoins in the cryptocurrency space. We wanted to create a community of cat-lovers that can rapidly prosper and grow into a leading global community under the endless potential of DeFi technology.''”  — David, Co-Founder & Chief Growth CatzSYDNEY, AUSTRALIA, May 30, 2021 / / -- Despite the recent crypto crush it has already pledged $250k+ for cat shelters in charitable donations. CATZ coin is one of the latest emerging cryptocurrencies that is rapidly becoming the center of interest within the global community. With trade performance of 22% against other BSC altcoins listed around the same time (16%) and compared to top meme coins like DOGE and SHIB (21%), CATZ has quickly become a focus for investors. CATZ coin gained popularity in recent days, trading +2% higher than normal after the crypto crash. Before being impacted by the general market environment, $CATZ achieved a 28,167,025 market cap since its

Western Bulldogs embraces crypto in ‘groundbreaking’ first

  The   Western Bulldogs  of the   Australian Football League   (AFL) has formed a ‘groundbreaking’ partnership with cryptocurrency exchange   CoinSpot . The partnership marks the first time a crypto-exchange has partnered with a professional sports team in Australia, and will remain in place until the end of the 2021 season, with an option to extend. Under the terms of the agreement, CoinSpot branding will feature prominently on the back of the Bulldogs’ AFL guernsey and on the team’s media backdrop. “It’s really pleasing for the Club to have secured a partner for the back of our Bulldogs guernsey for the remainder of the 2021 season, and hopefully beyond. We’re excited about the journey we’re starting with CoinSpot,” said Bulldogs CEO  Ameet Bains . “CoinSpot is an innovative, forward-looking business which is entrenched and trusted in the world of cryptocurrency. We’re excited by the aspirations and overall mindset to progress that we share, and the obvious capacity for us to work t

ZebPay launches first crypto-based lending platform in India

  The  ZebPay  Lending Platform will allow users to earn interest on their crypto holdings. ZebPay will offer both open and fixed-term lending using the platform. Only  Bitcoin , Ethereum, Tether and Dai tokens will be accepted at first. One of the oldest crypto companies in India, ZebPay, today launched a new lending platform for crypto asset exchange. The company says that the platform is a “first of its kind”  crypto  lending model in India and will allow users to lend their  cryptocurrency  to ZebPay, earning interest on the same. Of course, the returns will depend on the token in question, its value during a particular period, and how long it’s loaned for. “The ZebPay Lending Platform generates returns on users’ crypto investments if they lend select cryptos thus, providing an opportunity to earn a passive income by adding on to the returns gained from rise in crypto prices,” the company said. At launch, the lending feature will only support Bitcoin, Ethereum, Tether, and Dai tok

Iran bans crypto mining after summer power cuts strike early

  Iran is facing another widespread wave of power outages, and the government is blaming Bitcoin miners again.  Tehran, Iran –  Iran has banned all cryptocurrency mining for the next four months as widespread power outages stir public dissatisfaction across the country. President Hassan Rouhani said on Wednesday that all crypto mining operations in Iran – including legal ones – must shut down until the end of the sixth Iranian calendar month on September 22. “Now everybody has a few miners laying around and are producing Bitcoins,” he told a televised cabinet meeting with a chuckle. Cryptocurrency mining is the process in which banks of powerful energy-hogging computers known as “rigs” race to verify transactions in exchange for new tokens. The practice can be highly lucrative. But in Iran and other countries, the impact on power grids and the carbon footprint of Bitcoin mining, in particular, has elicited a strong backlash. This month, one of crypto’s most influential boosters, Tesla

Ontario regulator clamps down on cryptocurrency exchanges amid bitcoin craze

  The Ontario Securities Commission fired a warning shot Tuesday across the bow of unlicensed exchanges selling cryptocurrency to Canadians, charging one of the largest with breaching Ontario securities regulations. Poloniex, a Seychelles-based crypto exchange once owned by Goldman Sachs-backed start-up Circle, broke securities regulations by trading securities without registration, not complying with prospectus disclosure requirements, and engaging in activity “contrary to the public interest,” according to OSC investigators. In its statement of allegations, the OSC said Poloniex was charged after ignoring an April 19 deadline to start discussions about how to comply with the rules. The crypto exchange didn’t return the Star’s messages seeking comment. “Entities such as Poloniex, which flout this compliance process, expose Ontario investors to unacceptable risks and create an uneven playing field,” said the statement of allegations, which called for up to $1 million in fines and trad

ALL YOU NEED TO KNOW ABOUT SAFEMOON, THE NEW CRYPTO SENSATION

  SafeMoon is the latest crypto that has seen a spike in prices since the launch Cryptocurrency is not a strange concept anymore, especially today when investors are going crazy over these digital currencies. The crypto market is very volatile and we know it. The recent surge in prices and sudden decline is evidence for this claim. There are several  cryptocurrencies  out there. The latest eye grabbers have been Ethereum, StopElon, Dogecoin, and Bitcoin. Now the crypto world has embraced another currency, SafeMoon. Although it is a new addition, this new crypto is widely getting noticed. Launched in March this year, SafeMoon is doing the rounds on the internet now.   What is SafeMoon? The name SafeMoon expands to “Safely to the Moon” and sells itself as a Defi token. This getting to the moon phrase was introduced with Dogecoin, and now SafeMoon also follows it. SafeMoon was launched in March 2021, a decentralized finance token, that is similar to other cryptos like Bitcoin and aims to

Hong Kong Wants To License Crypto Exchanges, Limit Use To Pros; Crypto Finance Firm Uphold Fires Exec Amid Fraud Accusations

  In Hong Kong, cryptocurrency exchanges will likely soon be required to be licensed by the city’s markets regulator,  U.S. News  reported. They’ll also only be able to provide services for professional investors. The news comes from government proposals as jurisdictions around the world look at how the crypto industry should be regulated, the report stated. Hong Kong’s Financial Services and the Treasury Bureau (FSTB) has said it thinks any virtual asset firm should be licensed, according to the report. The new proposals have drawn ire from crypto proponents, who say retail investors are important for keeping exchanges in Hong Kong and away from more unregulated areas. In other news,  Uphold  Chief Compliance Officer Sameer Ismail has been fired due to accusations of fraud,  MSN  reported. Uphold, a crypto finance firm, said Ismail had fraudulently misdirected 516,242 pounds (about $730,500) in corporate user funds , the report stated. Ismail has denied the allegations, saying the fi

Why companies like crypto platform Coinbase are issuing a torrent of convertible bonds

  Convertible bond market is like ‘a Las Vegas wedding chapel,’ say portfolio manager Companies issued a torrent of convertible bonds since the pandemic hit, even before Coinbase Global Inc. brought out its own bazooka offering earlier this week. Coinbase COIN,  -3.88% ,  the largest U.S. crypto platform, made a splash with its $1.25 billion debt issuance, which came on the heels of its direct listing about a month ago on Nasdaq. Investors snapped up the bonds, which pay a modest 0.5% rate of interest and come due in June 2026, unless they convert to stock, are redeemed or repurchased. The deal landed ahead of a gut-wrenching rout BTCUSD,  +4.90%  ETHUSD,  +3.63%  DOGEUSD,  +1.97%  in cypto land. “We have chosen to issue convertible notes as we believe doing so offers a low total cost of capital, operating flexibility and minimal dilution for shareholders,” Coinbase said  in a May 19 blog post . The appeal of convertibles, like meme stocks or buzzy companies yet to turn a profit, is t

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