Category: Cryptocurrency

Cobie Livestream Raises $800,000 in Crypto to Pay Child’s Cancer Treatment

Cobie Livestream Raises $800,000 in Crypto to Pay Child’s Cancer Treatment

Cobie, the host of the Uponly podcast and a popular crypto Twitter personality, bolstered a fundraising session for John Oliver, a six-year-old kid that is currently battling leukemia. The initiative was quite successful, getting the attention of the likes of FTX executive Sam Bankman Fried, and managed to raise more than $800,000 to pay for […]

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Major Music Festival Exit Takes Bitcoin for Tickets

Major Music Festival Exit Takes Bitcoin for Tickets

A popular international music festival, Exit, is now accepting cryptocurrency for tickets, products, and services. This year’s 20th-anniversary edition of the European event will be held in early summer and the festival’s online store already offers discounts for impatient music fans and visitors. Fans to Pay With Crypto for Festival Passes and Accommodation Bitcoin, the […]

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Grayscale Fund Touts ETF Conversion as Price Discount Issue Solution

Grayscale Fund Touts ETF Conversion as Price Discount Issue Solution

Grayscale, one of the largest cryptocurrency fund managers, has declared it is trying to morph the bitcoin trust GBTC into an exchange-traded fund (ETF) to solve its price woes. The exchange rate is now at a 20% price discount compared to its bitcoin holdings, a fact that has many worried about the overall sustainability of […]

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‘Crypto Twitter’ donates $800,000 in cryptocurrency to child who had leukemia

‘Crypto Twitter’ donates $800,000 in cryptocurrency to child who had leukemia

Well-known personalities in the crypto space and hundreds of their followers have donated more than $800,000 in cryptocurrency to a child, known as J.O., who recently overcame leukemia. The donations were sent in a matter of hours this morning. A day prior, the Twitter account “Dude’s Posting Their [Wins]” had posted a video of the […]

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Samsung Adds Support for Hardware Wallets on Galaxy Smartphones

Samsung Adds Support for Hardware Wallets on Galaxy Smartphones

Galaxy owners will be able to connect hardware wallets to their smartphones and transfer coins to the built-in wallet that comes with most devices in the popular lineup. Samsung says that makes it easier for users to access their cryptocurrency and make transactions. Update Allows Galaxy Users to Link Their Crypto Wallets to Cold Storage […]

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Bank of Korea to Monitor Crypto Transactions Using Financial Records

Bank of Korea to Monitor Crypto Transactions Using Financial Records

South Korea’s monetary policy regulator, Bank of Korea, plans to obtain documents from financial institutions to track crypto transactions involving bank accounts. Cryptocurrency prices fluctuate independently from the real economy, the bank says, adding that market growth could pose a risk to the country’s financial system. South Korean Central Bank to Intensify Screening of Crypto-Related […]

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Square Declares It Won’t Buy More Bitcoin, Cites Network’s Carbon Footprint

Square Declares It Won’t Buy More Bitcoin, Cites Network’s Carbon Footprint

Square, a fintech and digital payments company, has declared earlier today it doesn’t have plans to purchase more bitcoin in the near future. The company also referred to the carbon footprint of the Bitcoin network and how it is a real issue that needs to be tackled in the future. Square Doesn’t Plan to Purchase […]

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Bank of England deputy governor says a CBDC is ‘probable’ if public money is to survive

Bank of England deputy governor says a CBDC is ‘probable’ if public money is to survive

Sir Jon Cunliffe, deputy governor of the Bank of England for stability, said Thursday that it “looks probable” that the United Kingdom’s central bank will issue a digital currency if public money is to survive the growing expansion of private alternatives. “We may not be there yet. But it looks probable in the UK that if we […]

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Grayscale Bitcoin Trust hits record discount of over 20%

Grayscale Bitcoin Trust hits record discount of over 20%

The Grayscale Bitcoin Trust (GBTC) product, which has been consistently trading at a discount for almost three months, hit a new record low on Tuesday. GBTC’s discount hit -20.48% — its lowest point in history, according to data compiled by The Block. The discount means the market price of GBTC shares is over 20% lower […]

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