Coinbase in Talks to Acquire BtcTurk, a Turkish Cryptocurrency Exchange

According to reports, Coinbase is in talks to buy Turkeys BtcTurk bitcoin exchange.  According to Bloomberg, Coinbases action underlines the companys aspirations to grow its presence in developing nations.  The transaction is expected to be worth roughly $3.2 billion and is in the final stages of completion. According to Bloomberg, Coinbase has signed the term sheet and is conducting technical due diligence.  BtcTurk, which was founded in 2013, is one of Turkeys oldest cryptocurrency exchanges, with 4.5 million active members. According to CoinMarketCap data, BtcTurk has achieved $200 million in trade activity in the last 24 hours, compared to $179 million for its closest competitor, Paribu crypto exchange.  Providing Global Investors with the Opportunity to Participate in the Crypto Economy  Coinbases latest acquisition comes after the company recently expanded its worldwide acquisition strategy to include Brazil.  Last month, Coinbase purportedly revealed plans to buy 2TM, the parent company of Mercado Bitcoin, a Brazilian Bitcoin exchange platform that is recognized as the largest crypto exchange in the Latin American region. Coinbase established an engineering hub in Brazil in November 2020 and posted various opportunities to strengthen its workforce in the region.  Coinbase purchased Agara, an AI-powered customer assistance company based in India, in November of last year. Coinbase

2022-04-25Malalim na Pagsisid

BlockApps Secures $41 Million in Series B Funding

BlockApps, a blockchain services business, revealed that it has raised $41 million in Series B funding.  Liberty City Ventures and Morgan Creek Digital will also serve as directors on the BlockApps board. Investors such as Eidetic Ventures and Givic participated in this round of funding. ConsenSys, Bloccelerate, Fitz Gate Ventures, Arab Angels, Kenetic Capital, and PropelX also participate in this round of funding.  The new funds will be used to prepare the company for an IPO and to establish collaborations in order to foster innovation in the blockchain ecosystem. BlockApps has received $44.1 million in investment over six rounds.  Morgan Creek Digital Partner Xavier Segura stated:  “BlockApps is one of the most exciting players in enterprise blockchain. Crypto and NFT companies have seen some early successes in the industry, but theres an even bigger opportunity for BlockApps.”  BlockApps is a Blockchain as a Service provider with clients ranging from startups to Fortune 500 companies. Through its platform, BlockApps STRATO, the companys objective is to accelerate the use of blockchain technology. BlockApps was established in 2015 and is based in Brooklyn, New York.  The corporation announced that it would actively develop collaborations with energy companies such as Chevron and Exxon Mobil in order to tackle the blockchains

2022-04-25Malalim na Pagsisid

Medical Blockchain LEMONCHAIN Token to List on MEXC Crypto Exchange

On April 20, the native token LEMC of LEMONCHAIN Ltd., a project in the medical blockchain industry, announced its listing on the MEXC cryptocurrency platform.  LEMONCHAIN is an open data ecosystem that enhances the individual patients healthcare data authority through blockchain technologys decentralisation of EMR (electronic medical record).  The trading of LEMC/USDT has been opened officially. This is the first additional token listing on the MEXC virtual currency exchange to the general public within a month, following ProBitGlobals global listing on March 18.  Kwon Ki-Uk, CEO of Lemon Chain, Co. Ltd., shared about the development and stated that one of their goals is to reduce information asymmetry between individual patients and medical institutions. He added that:  “Our goal is to decentralise personal information in the healthcare field and transform it into a patient-centred life-cycle healthcare ecosystem, enabling a reliable information exchange. Through this, we plan to enhance patients rights by solving short and long-term problems related to acquiring health records. The first DApp to which LEMC is being applied, ChungGu-ui-Shin: All Mighty Reimbursement, has already been launched. The second and third DApps are currently in development.”  MEXC Exchange provides real-time prices of crypto tokens such as Bitcoin BTC. Currently, MEXC Global caters to 6 million+

2022-04-25Malalim na Pagsisid

Ripple CEO Brad Garlingouse Speaks Against Bitcoin 'Tribalism'

While many may consider the unwavering support from Bitcoin “Maximalists” like MicroStrategy‘s Michael Saylor and Block Inc’s Jack Dorsey, Ripple CEO Brad Garlinghouse believes the culture of “Tribalism” in which some people support one digital asset only is dragging the growth of the cryptocurrency industry.  “Polarization isnt healthy in my judgement,” Garlinghouse said, speaking in an interview with CNBC at the Paris Blockchain Week Summit. “I own bitcoin. I own ether, I own some others. I am an absolute believer that this industry is going to continue to thrive.”  For an industry that began more than 13 years ago with Bitcoin, there has been a lot of evolution, with more than 18,900 diverse cryptocurrencies summing up to about $2 trillion in market capitalisation per data from CoinMarketCap. Amidst this diversity, Garlinghouse believes every digital asset has a specific solution it brings to the table, and these differences should be appreciated.  “Yahoo could be successful, and so could eBay ... They‘re solving different problems,” he said. “There’s different use cases and different audiences and different markets. I think a lot of those parallels exist today.”  The Ecosystem and the Ripple Backing Against SEC  While Garlinghouses company, Ripple, is closely associated with the XRP coin, which it

2022-04-25Malalim na Pagsisid

MakerDAO Adds Layer-2 Network StarkNet to Address DAI Transaction Costs

MakerDAO, a major DeFi protocol and the creator of the DAI stablecoin cryptocurrency, announced on Wednesday that it has integrated StarkNet, an Ethereum Layer 2 network (a scaling solution), on its platform.  With the integration, MakerDAO said that StarkNet would enhance the multichain capabilities of its dollar-pegged stablecoin DAI and the related functions of Maker Vaults to reduce transaction costs and improve throughput speed on its platform. Maker Vaults is a core component of the Maker Protocol, which helps to facilitate the generation of Dai stablecoin against locked up collateral.  Ethereums higher price gas fees have been a nightmare and have driven more activities and users to other blockchains. MakerDAO stated that the deployment of StarkNet, the zero-knowledge (ZK) side chain, will help address the cost and congestion of its native Ethereum environment by bridging to a cheaper and faster network on this platform.   The rollout, which is planned to start on April 28, is expected to take place in four phases. The deployment is expected to become fully operational in the third quarter of this year (between July to September) as highlighted in the protocols roadmap.  Louis Baudoin, the core unit facilitator at StarkNet engineering, talked about the development and said, “as

2022-04-25Malalim na Pagsisid

Jack Dorsey Says Ethereum Has Many Single Points of Failure - BitcoinEthereumNews.com

Since the outset, it has been evident that Twitters former CEO is not a supporter of the Ethereum blockchain.  Too often, the founder has stated that he is a diehard Bitcoin supporter who is uninterested in Ethereum.  Jack Dorsey recently demonstrated his opposition against the second-largest digital asset and the blockchain in general.  Sa wit,  “If youre building on Ethereum you have at least one, if not many, single points of failure and therefore not interesting to me.”  Jack Dorsey Slams Ethereum Network  Dorseys belief in Bitcoin is almost absolute.  He consistently emphasizes that everyone should focus on the development of safe and adaptable technology that is not influenced by any middleman, individuals, or organizations.  The former Square and Twitter CEO is one of the most prominent Bitcoin supporters, having previously stated that he will leave both firms to focus only on Bitcoin.  “Bitcoin absolutely changes everything,” Dorsey stated at the Bitcoin 2021 conference in Miami, adding, “I don‘t think there’s anything more important in my lifetime to work on…If I weren‘t working at Square [now Block] or Twitter, I’d be working on bitcoin.”  Its unclear which failure points Dorsey was referring to.  Currently, the biggest problem of the network is the lack of scalability, apart from the painful point of

2022-04-25Ethereum

This Altcoin Is All Set To Rally 10x As Bitcoin and Ethereum Price Are Primed To Rebound Soon - BitcoinEthereumNews.com

Bitcoin crypto EthereumThis Altcoin Is All Set To Rally 10x As Bitcoin and Ethereum Price Are Primed To Rebound Soon04 / 25 / 2022Balita ng Ethereum ng Bitcoin  A popularly known crypto strategist and trader who is pseudonymously known as CredibleCrypto, talks about one altcoin and he believes that this altcoin could record a 900% rally along with giving his opinion on Bitcoin (BTC) and Ethereum (ETH).  This pseudonymous crypto analyst, tells his 327,800 Twitter followers that he is of the opinion that Bitcoin will correct as low as $38,000 before it gets ready for another rally. He quotes that  “Labanan ang ating rehiyon ng paglaban ngayon. Inaasahan [ko] ang isang pullback sa hindi bababa sa $39k mula dito sa lalong madaling panahon. Muli, ito ay isang base-forming lamang dito bago ang isang ganap na pagbabalik, sa aking opinyon. BTC.”  Sa panahon ng pagsulat Presyo ng BTC ay nakikipagkalakalan sa $38,529 na may pagbaba ng 3.17% sa nakalipas na 24 na oras.  The next currency on crypto analyst Credibles list is Ethereum, a smart contract platform. He predicts that Presyo ng ETH will form a triangle pattern in the coming months before the currency breaks above $4,000. While tweeting about this altcoin he says  Si ETH

2022-04-25Ethereum

Bitcoin Drops Below Ascending Channel to $38,000, Liquidations Spike to $200 Million - BitcoinEthereumNews.com

Arman Shirinyan  Bitcoins long-lasting pattern no longer exists, as traders lose $200 million betting on the reversal  Following almost two weeks of consolidation, Bitcoin has finally dropped below the ascending chanel that has been forming since January 2022, according to TradingView. The chanel was previously acting as a guideline for the price.  As the daily chart of the first cryptocurrency suggests, the ascending chanel played out correctly at least five times for the price of Bitcoin, allowing traders to properly highlight local resistance and support points and make trades based on it.  Source: TradingView  The drop below the chanel may in fact become a catalyst for further downward movement for the digital gold as the lower border of the formation had a concentration of large orders suggesting some traders were actively betting on the reversal on the point.  karagdagan nagbebenta ng presyon may appear because of the concentration of “sell” orders below the aforementioned support line. A further drop will be fueled by the market to limit the sell orders of those who opened their positions right at the support line.  Ads  The high liquidation volume speaks in favor of the theory as $200 million worth of longs were liquidated in the last 24 hours. Such a large

2022-04-25Industriya

Analyst Says One Ethereum-Based Altcoin in Midst of Parabolic Surge, Predicts Rallies for Two Additional Crypto Assets - BitcoinEthereumNews.com

crypto EthereumAnalyst Sabi ng Isang Ethereum-Based Altcoin sa Gitna ng Parabolic Surge, Hinulaan ang mga Rally para sa Dalawang Karagdagang Crypto Asset04 / 25 / 2022Balita ng Ethereum ng Bitcoin  A popular crypto strategist says hes keeping a close watch on one Ethereum-based altcoin that he says is going through a parabolic rally.  Pseudonymous crypto analyst Altcoin Sherpa warns his 174,000 Twitter followers that shorting Kyber Network (KNC) while it is trading close to record highs is not a good idea for now.  “KNC: Don‘t really think you want to long or short this thing in the short term. It looks parabolic and price discovery is always unpredictable. With that said, this is also going to be a glorious short eventually. I’d prefer waiting for the breakdown first.”  Source: Altcoin Sherpa / Twitter  Kyber Network is a decentralized, blockchain-based exchange that focuses on aggregating liquidity and facilitating instant swaps between ERC-20 tokens. At time of writing, KNC ay nagpapalitan ng mga kamay sa halagang $4.83.  Another token on the traders list is ApeCoin (APE), an altcoin created for the Bored Ape Yacht Club non-fungible token (NFT) community. Altcoin Sherpa predicts that Unggoy will print new all-time highs.  “APE: its probably going to soundly break all-time highs given

2022-04-25Ethereum

Paano Ang Kakila-kilabot na Linggo ng Netflix sa Mars ay 20,000% Umakyat sa Apat na Chart - BitcoinEthereumNews.com

KabuhayanPaano Umakyat ang Netflixs Awful Week Mars 20,000% sa Apat na Chart04 / 24 / 2022Balita ng Ethereum ng Bitcoin  (Bloomberg) — Ang pagbagsak sa mga pagbabahagi ng Netflix Inc. noong nakaraang linggo ay naghatid sa kumpanya sa ilalim ng S&P 500 Index at nag-iwan sa mga mamumuhunan sa gilid tungkol sa iba pang malalaking teknolohiya at mga kumpanya sa internet na nag-uulat ng mga quarterly na kita sa mga darating na araw.  Karamihan Basahin mula sa Bloomberg  Ang higanteng streaming-video ay bumaba ng 64% sa taong ito matapos ang isang nakakagulat na mahinang pananaw ng subscriber na nag-trigger ng 35% na pagbaba sa session noong Miyerkules — ang pinakamatarik na pagkawala nito sa isang araw mula noong 2004. Ngunit ang mga matalim na pagbabago ay hindi ganap na nobela para sa Netflix, isa sa mga pinaka- tinatawag na mga pandemic winers, na nag-rally pagkatapos ng global lockdown.  Narito ang isang pagtingin sa kung paano umunlad ang Netflix sa apat na chart:  Ang Netflix ay tumaas ng humigit-kumulang 20,000% mula nang maging pampubliko noong 2002, na ginagawa itong isang napakalaking outperformer kumpara sa S&P 500 Index, na mas mababa sa 500% sa isang total-return basis sa parehong panahon. Ngunit ang kumpanya ay nakaranas ng ilang

2022-04-25Industriya
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