Bitcoin | Ethereum | Altcoin

2022-06-11 19:14:10 Bitcoin | Ethereum | Altcoin pinned a photo Open / Comment

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2022-06-11 17:26:02 American Express announces its first US crypto rewards credit card

Credit card companies are trying to sweeten the perks they offer their customers, and American Express is doing just that through a new partnership with crypto wealth management platform and wallet provider Abra. The companies announced the launch of the Abra Crypto Card on the Amex network today at Coindesk’s Consensus conference in Austin, Texas.

The company declined to share details on which cryptocurrencies will be available to users in the first version of its card, which will launch late this year, but Barhydt said the offering will eventually allow users to choose to receive their rewards through multiple different cryptocurrencies as well as traditional rewards such as entertainment and dining-related perks already offered on the Amex platform.

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2022-06-10 08:02:02 Former US Solicitor General to Aid Grayscale’s Bitcoin ETF Efforts

Donald B. Verrilli, who served as Solicitor General of the US during Obama’s administration, could help Grayscale achieve its spot Bitcoin ETF mission. The world’s largest digital asset manager – Grayscale – hired Donald B. Verrilli as additional legal counsel. With his help, the firm aims to receive the SEC’s approval and finally convert its Bitcoin trust into an exchange-traded fund.

In a recent tweet, Grayscale raised hopes that Verrilli could be a great addition to the company’s “strongest possible team of legal minds” that work towards launching a spot Bitcoin ETF. He will serve as a senior legal strategist, collaborating with the firm’s attorneys and in-house counsel. Verrilli is an American lawyer with rich experience, having won numerous law cases throughout his career. In 2011, former President Barack Obama appointed him as the Solicitor General of the United States.

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2022-06-09 16:17:02 Cardano tops poll as the most held crypto in a bear market

On June 8, the value of Cardano (ADA) saw a sizeable increase, going up by as much as 8% in the previous 24 hours as investors continue to exhibit interest in the asset as the cryptocurrency market begins to show signs of improvement.

In particular, the poll conducted by London Real on June 7 through Twitter found that Cardano was overwhelmingly the most popular cryptocurrency to hold during a bear market out of 8,861 votes, with 77% of voters selecting ADA. Notably, there was a significant gap between the percentage of respondents who said they held Bitcoin 11%, Ethereum 5%, and ‘other’ 7% which were the other listed options in comparison.

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2022-06-08 09:28:02 Circle Adding USDC to Polygon for Web3 Payments

Fintech company Circle is adding its crypto stablecoin, the US Dollar Coin (USDC), to the Polygon blockchain. With Polygon USDC, users won’t have to bridge their USDC from Ethereum’s mainnet to Polygon. The Ethereum-Polygon bridge is cumbersome for many because it’s slower than typical ETH transactions and incurs Ethereum mainnet gas fees.

Circle CEO and co-founder Jeremy Allaire shared in a statement his reasoning behind why the company is adding USDC to Polygon, which now features roughly 20,000 dApps. “Supporting Polygon USDC in the Circle Account and Circle APIs is another step toward making USDC interoperable across more leading blockchains, helping foster greater adoption for dollar digital currency on the internet,” Allaire said. While Polygon-native USDC may be new, USDC isn’t—$110 million was poured into its creation by venture capitalists in 2018.

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2022-06-07 14:54:02 USDD upgrades into the first over-collateralized decentralized stablecoin

TRON-based USDD has joined the league of global crypto titans, surpassing several significant milestones in less than one month since its May 5 launch. The blockchain industry's most distinctive trait is constantly evolving and transforming traditional sectors rapidly, bringing revolutionary technologies to the world and financial markets worldwide.

USDD has continued to build since its launch, solidifying organic growth, and aspiring to advance the Stablecoin 3.0 era to make finance accessible to all. With a total circulating supply of nearly 700 million, the TRON-based USDD has recently upgraded itself to the first over-collateralized decentralized stablecoin (OCDS), offering faster transactions with the highest collateral ratio around the globe.

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2022-06-06 10:34:02 MicroStrategy CEO Saylor says bitcoin’s near-term volatility largely irrelevant

Bitcoin’s near-term volatility is largely irrelevant once you understand the fundamentals of the leading cryptocurrency and how difficult it would be to create something better, according to MicroStrategy CEO Michael Saylor. People who have spent at least $100 on bitcoin can speak about the cryptocurrency, Saylor allowed, but otherwise they probably “shouldn’t have anything to say about it.”

"Bitcoin is the most certain thing in a very uncertain world, it's more certain than the other 19,000 cryptocurrencies, it's more certain than any stock, it's more certain than owning property anywhere in the world,” he said in an interview with The Block last week after appearing at CoinMarketCap’s The Capital virtual conference. MicroStrategy’s most recent purchase, revealed in an April 5 filing, was the acquisition of 4,167 bitcoin worth about $190.5 million at the time.

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2022-06-05 20:38:02 Coinbase Rug Pulls Jobseekers With Accepted Offers

Crypto exchange Coinbase has confirmed that it has suspended all hiring and has even gone as far as to rescind accepted job offers, leaving its would-be employees high and dry. The rug pull announcement came via the official Coinbase blog on Thursday in a post credited to LJ Brock, the corporation’s Chief People Officer.

In the piece, Brock explained that the decision had been made in response to the current “macro environment” that had forced the company to rethink its “business priorities.” Unfortunately, those priorities did not include people to whom the company had already offered jobs. Regarding the rescinded job offers, Brock added, “This is not a decision we make lightly, but is necessary to ensure we are only growing in the highest-priority areas.”

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2022-06-05 09:50:38 Ethereum at $10,000 by End of 2022 Still Possible, Reiterates Arthur Hayes

Former Bitmex CEO Arthur Hayes said that ETH at $10K by the end of 2022 is still possible, but the market will likely be choppy in the mid-term. Arthur Hayes, the co-founder and former CEO of leading crypto derivatives platform BitMEX, said Terra’s failure was a byproduct of the macroeconomic environment as the Feds raised rates and tightened up its balance sheet.

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