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2021-06-28 09:44:49 DeFi Arabic Cash prematurely closed the Private Sale stage due to the great excitement and announced the start of the Extra Round, which will raise the price of ABIC from $0.18 to $1

Arabic Cash is the first fully independent DeFi project that aims to attract new investment in the digital business of the Arab world.

After the full launch of the ABIC token (BSC BEP20), staking of 35.6% per annum will be available, as well as trading to 6 crypto pairs on the main website + trading on Pancake Swap. The next step will be to create their own DEX exchange. Next - will implement the DeFi loan system

On June 25, the project closed the Private Sale ahead of schedule and announced the start of the Extra Round, where the price of the ABIC token will rise sharply. In the second half of July, Arabic Cash will be listed on the first exchange with a price tag of $1. Now the ABIC token can be officially purchased at a price of $0.18



BUY ABIC TOKEN NOW Open / Comment

2021-06-28 09:44:26 ​​ Binance isn’t allowed to be operating in the UK

Binance shouldn’t be operating in the U.K., the Financial Conduct Authority (FCA) warned after Japan financial regulator issued a similar notice to the cryptocurrency exchange.

Citing its own requirements, the FCA said Binance Markets Limited isn't allowed to undertake any regulated activities without prior written approval.

Further, the FCA said no other entity in the Binance Group "holds any form of UK authorisation, registration or licence to conduct regulated activity in the U.K."

Despite this, it appears Binance is offering U.K. customers products and services via Binance, the FCA said.

Binance responded in a series of tweets saying that the notice has no direct impact on the services provided on Binance and that its relationship with its users hasn't changed.

On Friday, Japan’s financial regulator warned that Binance is operating in that country without permission. Open / Comment

2021-06-27 18:42:00 The main problem of using cryptocurrencies is commissions. If you want to buy something, convert crypto into fiat money - pay a commission. Transfers directly to sellers are simply not safe. Here you can transfer money to the seller and never see your purchases. It would be cool to avoid commissions and to be confident in the safety of transactions.

But there is good news as well. Marketplaces are now starting to focus on those who use cryptocurrencies. For example, on the Antares Market, everything can be paid with cryptocurrency directly, without commissions. And this site guarantees the safety of all purchases.

We will tell you more about this soon! Open / Comment

2021-06-25 10:02:16 ​​BTC: $34,498.54 (+4.23%)

Gemini Offsets Bitcoin Carbon Emissions, Launches Gemini Green

Quick Take:
- Joins Climate Vault to remove nearly 350K tons of Bitcoin-related CO2 from atmosphere as part of long-term strategy to help decarbonize Bitcoin
- Marks breakthrough innovation in both Bitcoin carbon management and market-based carbon offsets

Gemini, a crypto platform, today announced Gemini Green, a long-term initiative to incorporate climate conscious practices into its business.

The company is collaborating with Climate Vault, a non-profit founded at the University of Chicago, by making contributions to purchase carbon permits for nearly 350,000 metric tons of carbon as a significant first step on its path to offset its usage of the Bitcoin Network and help decarbonize Bitcoin.

More specifically, these carbon permits offset the non-renewable energy consumed by miners on the Bitcoin Network to secure the bitcoin that Gemini custodies.

More details here Open / Comment

2021-06-25 09:49:15 ​​BTC: $34,447.00 (+4.03%)

Elon Musk again mentioned Bitcoin on Twitter.

How will the crypto community react Open / Comment

2021-06-24 09:51:41 ​​BTC: $32,905.21 (-3.51%)

Bitcoin hashrate drops by nearly 50% following China's mining crackdown

Quick Take:
Bitcoin hashrate has declined by nearly 50% in over a month, according to The Block Research.
China’s mining crackdown and bitcoin price drop are the two main reasons for the hashrate fall.

The hashrate has dropped significantly after the government of China last month moved to shut down bitcoin mining activities in some regions, including Xinjiang and Sichuan. These two regions alone estimated to have 50 exahashes per second (EH/s) hashrate or about 30% of the total bitcoin hashrate.

About 65% of the world's bitcoin mining took place in China as of April 2020, according to the Cambridge Bitcoin Electricity Consumption Index. Over the months, however, that dominance has been fading, as The Block reported recently. Market participants at the time said that China has less than 50% share of the bitcoin hashrate.

More details here Open / Comment

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2021-06-22 09:57:25 ​​BTC: $32,557.59 (-0.75%)

Stablecoin inflows to exchanges dip as traders watch Bitcoin from the sidelines

Stablecoin inflows to exchanges tapered off as investors turned bearish on Bitcoin, but a surge in USDC minting could be a signal of upcoming regulation.

The growth of stablecoin's market cap and circulating supply has been one of the best indicators for attaining a general pulse on how participants in the market are feeling during bullish and bearish times.

More details here Open / Comment

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2021-06-21 10:13:42 ​​BTC: $33,143.76 (-6.62%)

Bitcoin price dips to $32.5K on 'consistent' new China FUD

BTC/USD sheds $1,000 almost instantly as China's third-largest bank puts the cats amongst the pigeons in early trading.

3rd biggest Chinese bank warns on crypto

The cause, which disturbed a day of recovery from another dip, appeared to once again come from China via a major bank statement that confirmed it would not allow the use of its services for transactions related to Bitcoin or cryptocurrency.

Involved was China’s third largest bank, the Agricultural Bank of China.

"The statement emphasized that once relevant behaviors are discovered, account transactions will be immediately suspended, customer relationships will be terminated, and relevant departments will be reported," — journalist Colin Wu reported on Twitter.

The resulting volatility, while unnerving, matches behavior from previous announcements by China. The country has become the source of headaches for Bitcoin bulls in recent weeks as miners face a crackdown and officials reiterate the existing restrictions on cryptocurrency in place since 2017. Open / Comment