Fiatum Channel

2021-10-29 18:25:14 Cryptocurrency Ether Hits Record High Above $4,400 Amid Crypto Surge

Ether, the world's second-largest cryptocurrency, hit an all-time high on Friday, a little over a week after larger rival bitcoin set its own record.

As cryptocurrency markets have rallied sharply in recent weeks, ether is up more than 60% since its late September trough.

The token, which underpins the ethereum blockchain network, rose as much as 2.6% to $4,400 in Asian hours, breaching the previous top of $4,380 set on May 12.

"It wouldn't surprise me if we go blasting through in European and U.S. trade," said Chris Weston, research head at Melbourne-based broker Pepperstone. "This is a momentum beast at the moment, and it looks bloody strong." Open / Comment

2021-10-29 18:09:12 MicroStrategy adds another 9,000 bitcoins

MicroStrategy Inc. (NASDAQ: MSTR) said it added nearly 9,000 bitcoins in the third quarter and is considering raising additional funding to keep accelerating its cryptocurrency investment strategy. The Tysons business software company said it counted 114,042 bitcoins in its holdings as of the end of September. It had raised nearly $400 million through Sept. 30 via share offerings and says it has another $596 million in shares available for sale via an open market sale agreement it has with New York investment bank Jefferies LLC. "We will continue to evaluate opportunities to raise additional capital to execute on our bitcoin strategy,” CEO Michael Saylor, who has gained notoriety. Open / Comment

2021-10-29 16:55:45 Canaan nabs follow-on purchase order from HIVE Blockchain for 6.5K bitcoin mining machines

Canaan (NASDAQ: CAN) secured a follow-on purchase order from HIVE Blockchain Technologies (NASDAQ: HIVE) for 6.5K units of its next-gen Avalon Bitcoin mining machines.
This new order by HIVE follows the two recent purchases of 4K units and 6.4K units of Canaan's Avalon Miners in August 2021 and January 2021, respectively.
HIVE currently has ~1.2 exahash per second (EH/s) of Bitcoin mining capacity, and with this new purchase, HIVE's Bitcoin ASIC pipeline will be at 2 EH/s by December 2021, and 3 EH/s by March 2022. Open / Comment

2021-10-29 10:04:27 Tether tests Notabene technology to improve cross-border payment security

Tether will test the Notabene Cross-Border Payment Monitoring System for Virtual Asset Service Providers (VASP) to help fight financial crime.

Developer Notabene offers a low-risk environment in which complex cryptographic use cases can be tested.

Tether will use Notabene technology to determine if it is possible to securely transfer customer identities to other VASP providers. Open / Comment

2021-10-29 09:18:42 US authorities put up $ 300,000 worth of bitcoins at auction

A US government agency is running an online auction this week. Several lots offer 4.92 BTC for a total of about $ 290,000. The auction is divided into five lots, and the auction ends at 02:00 Moscow time on October 29th.

The lot with the minimum price is 0.44 bitcoin with an initial price of slightly less than $ 26,000. The largest lot of 1.5 bitcoin costs about $ 88,400. Three more lots: 0.75 bitcoin - $ 44,500, 1 bitcoin - $ 57,000, 1.25 bitcoin - $ 70,505 . All prices are set below market prices, but they may rise during the auction. Open / Comment

2021-10-28 14:26:10 Number Of Litecoin Transactions Rises

Litecoin became a favourite among the cryptocurrencies that have utility as a mean of payment. The Litecoin network has landed strategic partnerships in recent weeks which has increased interest in this cryptocurrency in the network.

It was reported that the number of Litecoin transactions has increased to more than 140,000 in just a few days. Earlier this month, the number of LTC transactions had nosedived to around 100,000 transactions.

To expand the spectre of the services, the company announced the launch of the Litecoin Visa Debit card, which is powered through the technology by the Unbanked fintech firm.

The card is user-friendly, and it has started to attract customers because of its easy and fast sign-up process. This process includes fulfilling a KYC requirement, after which the user will receive their virtual Litecoin debit card. Open / Comment

2021-10-28 12:59:26 Scammers Hijacked eNaira Platform

The much-expected launch of the Nigerian crypto currency was met with troubles-the Central Bank of Nigeria (CBN) has raised alarm over fake social media posts of eNaira, presented on Monday by President Muhammadu Buhari in Abuja.
The CBN warned locals via official statement -impostors are already defrauding Nigerians.“Following the formal launch of the eNaira on Monday, October 25, 2021, the attention of the Central Bank of Nigeria (CBN) has been drawn to criminal and illegal activities of some individuals and a fraudulent Twitter handle, enaira_cbdc purported to belong to the Bank.The impostor handle and fraudulent persons have been posting messages related to the eNaira with the intent of wooing unsuspecting Nigerians with claims that the Central Bank of Nigeria (CBN), among other falsities, is disbursing the sum of 50 Billion eNaira currency. These impostors are bent on defrauding innocent and unsuspecting members of the public through the links attached to their messages Open / Comment

2021-10-28 12:50:03 Tesla Can Now Be Bought For Bitcoin

Another significant step forward for the cryptocurrency’s use in the commerce-Elon Musk has confirmed Tesla can be bought with crypto. From now on, Tesla.Inc electric vehicles are available for the purchase with bitcoin, but Tesla CEO added that the option would be available outside the United States only later this year.
Tesla company confirmed it bought US$1.5 billion worth of bitcoin and would soon accept it as a form of payment for cars, as Musk stated few times that he and many members of his company own this crypto currency and has hight expectations about it.
Musk said bitcoin paid to Tesla would not be converted into traditional currency, but he gave few other details on how the bitcoin payments would be processed. The company was using “internal & open source software,”-he commented.
Like other cryptocurrencies, bitcoin is still little used for commerce in major economies, due to its volatility and and slow processing times. Open / Comment

2021-10-28 12:16:00 US Government Is Auctioning Off 4.94 Bitcoin

A federal U.S agency, that manages government The U.S. General Services Administration, is reportedly selling 4.94 Bitcoin through its clearinghouse website.
The GSA Auctions website was built to manage federal assets and other offers items , including furniture and heavy machinery. The site is hosting an auction called “Fall for Cryptocurrency,” which includes 4.94 Bitcoin in five individual lots. The lots range from 0.44 Bitcoin on the lower end to 1.5 Bitcoin on the higher end and are valued at about $300,000 USD combined.
GSA first started auctioning cryptocurrency on behalf of the U.S. government in early 2021. In June, it offered up 11 lots of cryptocurrency totaling 8.93 Bitcoins and 150.2 Litecoins and with a combined market value of approximately $377,000 USD.
“Experienced investors recognize a good opportunity when they see it, which is why our auctions have generated so much enthusiasm among the crypto community,” Thomas Meiron, regional commissioner fo Open / Comment

2021-10-28 11:30:02 GameStop Unveils Upcoming NFT Project

Popular U.S based gaming merchandise retailer and consumer electronics, GameStop, is reportedly working on creating a team of blockchain and nonfungible token (NFT) experts to work on the firm’s upcoming NFT project.
New post, including this announcement by GameStop received more than 10,000 upvotes, and many fans expressed excitement over GameStop’s latest move. Company finally unveiled a future website for its NFT marketplace, though it is still in development. The new site includes a Nintendo Gameboy-style gaming console with an Ethereum logo, and a message calling out for talents to join team and work for the company.
Company’s GME, which is listed on the New York Stock Exchange (NYSE) currently stands at $177.84. Open / Comment