Category: Cryptocurrency news

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Coinbase Launches Five Ethereum-Based Altcoins In Cryptocurrency Trading Ecosystem

Coinbase, the US-based digital asset exchange, is expanding support for five Ethereum-based altcoins in its trading ecosystem.

In a new blog post, Coinbase announces that Alchemix (ALCX), the government token of the lending platform backed by Alchemix Finance, can now be purchased on Coinbase.com and the exchange’s mobile apps.

The ALCX is trading at $ 441.61 at the time of writing, down 3.18% for the day.

ENS is a government token for the Ethereum name service, which allows people to create non-fungible tokens (NFTs) that can be linked to Ethereum addresses and web domains.

ENS is currently trading at $ 48.82. That’s down 8.71% for the day and more than 50% from the all-time high of $ 88.64 which reached last week after appearing on Binance.

Additionally, Coinbase is expanding support for GALA, the native token of Gala Games, the player-controlled blockchain gaming platform. Altcoin rose more than 100%, from a low of $ 0.089 on November 15 to its current price of $ 0.20.

GYEN is an Ethereum-powered stablecoin indexed to the Japanese Yen. Although GYEN is expected to remain pegged to the Japanese Yen, it managed to climb 470% to $ 0.05 after being listed on Coinbase.

Finally, the native POWR token from point-to-point energy trading company Power Ledger is now available on all Coinbase trading platforms. At the time of this writing, altcoin was down 2.07% to $ 0.70.

Coinbase Pro listed all tokens except GYEN with stablecoin mStable USD (MUSD) earlier this week.

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Hong Kong company to offer insurance for Asian cryptocurrency holdings

Insurance and risk management for digital assets will boost investor confidence, OneDegree said.

A large Asian insurance company dabbled in Bitcoin (BTC), with the aim of providing a model for other companies in the sector.

Multi-line insurer OneDegree announced Thursday that it is partnering with the Hong Kong Bitcoin Exchange (HKbitEX) to secure the latter’s escrow platform ON1ON. OneDegree claims to be the leading Asia-based insurance provider for digital assets, having secured $ 100 million in digital assets under the custody of HKbitEX.

According to OneDegree, the demand for insurance for digital assets is growing and insurance and risk management for digital assets will increase investor confidence and help the market grow.

Third-party insurance covers physical damage to wallets caused by natural events, cybersecurity risks such as external hackers or malware attacks, and intentional or fraudulent acts on the part of employees.

After the announcement, HKbitEX co-founder Ken Lo said that he wanted additional institutional investment in cryptocurrencies. He continued:

“With more than 1,800 licensed asset managers, Hong Kong has more than $ 3 trillion in assets under management. We want to help asset managers enter this market in a way that allows them to meet their fiduciary obligations to their end investors. "

The company said it is creating more technology solutions to help crypto market participants avoid risk. In addition to its in-house Cymetrics cybersecurity platform, the tools will help clients assess and manage their cyber risks, according to the company.

As reported, the Hong Kong Securities and Futures Commission is currently reviewing the rules governing virtual currency transactions, including whether individuals can invest in crypto-related exchange-traded funds.

Hong Kong is one of the largest and most important financial centers in the world. This has had a significant impact on cryptocurrency innovation. For example, the city-state has spawned some of the best-known and most successful crypto businesses to date, including the cryptocurrency derivatives exchange FTX and the digital asset platform Crypto.com.

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The great owner of the American store Kroger accepts Bitcoin Cash

The hard fork cryptocurrency of Bitcoin will be accepted in more than 2,000 supermarkets in the United States.

The North American supermarket chain Kroger accepts payments in cryptocurrencies before the Christmas season.

According to an official announcement on November 5, the main retailer will accept Bitcoin Cash (BCH) in all its stores: Baker’s, City Market, Dillons, Fred Meyer, QFC and others, as well as for online purchases.

Rodney McMullen, CEO of Kroger, said the initiative was driven by increased demand for electronic payments:

“During the pandemic, cashless payments increased and we see cryptocurrency as a natural progression from the tendency to deal less with physical money. "

In 2018, Kroger severed relationships with major payment processor Visa, citing high fees at the point of sale. The retailer finally restored the relationship in 2019, after Kroger negotiated new terms.

Kroger had been involved in the crypto space before; In 2020, the company began offering Bitcoin (BTC) rewards in its store through the crypto-based rewards platform Lolli.

According to the announcement, Kroger “will exchange the cryptocurrency for stablecoins near the point of reception, but does not rule out the possibility of keeping a percentage of it on its balance sheet.”

Bitcoin Cash is a cryptocurrency-based proof-of-work consensus engine that was created through a hard fork of the Bitcoin blockchain. It was originally designed to solve many of Bitcoin’s long-standing problems, including the speed of transactions. The rigid fork was a controversial move, with many asserting that the BCH was more subject to centralization among miners, thanks to its larger block sizes.

Crypto has gradually made its way into the vertical market in a number of ways. In 2019, Safeway, another major US supermarket chain, started offering Bitcoin rewards through Lolli, like Kroger.

Earlier this summer, ATM crypto company Coin Cloud announced that it was preparing to install machines in 29 H-E-B supermarkets in Houston, Texas.

The underlying cryptocurrency blockchain technology is also expected to play a major role in food purchases. A 2019 study by research firm Gartner predicted that 20% of the world’s 10 largest grocery stores will use blockchain by 2025.

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Crypto Exchange Kraken To List Shiba Inu Tomorrow: SHIB Investors Expect Price Rise

The Kraken cryptocurrency exchange has indicated that the shiba inu cryptocurrency (SHIB) will be listed on its platform on Tuesday. Its rival dogecoin has recently gained in popularity, increasing by 97% in the last seven days and by 825.5% in the last 30 days.

Kraken Says Shiba Inu Will Appear On Its Platform Tuesday

Cryptocurrency exchange Kraken tweeted on Monday about the list of shiba inu (SHIB) cryptocurrencies on its platform. According to the San Francisco Stock Exchange, the company’s product manager Brian Hoffman said if the tweet got 2,000 likes, Kraken would include shiba inu on Tuesday. As of this writing, the tweet has received 45,100 likes and 11,600 retweets.

Founded in 2011, Kraken claims to be the world’s largest digital asset exchange in terms of volume and liquidity in euros. Globally, its client base trades over 60 digital assets and seven different fiat currencies including EUR, USD, CAD, GBP, JPY, CHF and AUD, the details of its website. Kraken was the first crypto company in the United States to receive a state banking license. The crypto exchange serves over 7 million traders around the world.

According to a Twitter user, a Kraken customer representative confirmed on Monday that SHIB will appear on the ‘tomorrow’ list, adding: “We don’t have the exact time it will appear, but there should be an update. tomorrow”.

SHIB supporters view the price of the Kraken as ultra bullish, hoping that the price of the shiba inu will rise. One person tweeted: “Good news for SHIB, who expects a price increase as soon as it becomes available for negotiation here. Kraken is also likely to make a lot of money from exchange rates. Another expects the price of the SHIB to rise significantly, noting that the Kraken listing will give the meme a “much needed boost.”

Meanwhile, shiba inu supporters are trying to get the Robinhood trading platform to include SHIB. A petition on Change.org to convince Robinhood to include the same coin garnered 461,439 signatures. Shiba inu adoption is also increasing, and AMC Theaters are considering accepting SHIB alongside dogecoin and other cryptocurrencies for payments.

Recently, the shiba inu coin has gained popularity. It became a rival dogecoin and became the ninth largest cryptocurrency. Its market capitalization was around $ 39 billion at the time of writing. Encryption has increased 8% in the last 24 hours, 97% in the last seven days, and 825.5% in the last 30 days.

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Dallas Mavericks fan wins $ 100,000 worth of Bitcoin at NBA shootout event

Isaiah Stone won $ 100,000 in Bitcoins at a Voyager Digital sponsored NBA shooting event.

A Dallas Mavericks fan won $ 100,000 in Bitcoin (BTC) after making a series of throws at a National Basketball Association (NBA) shootout event sponsored by crypto broker Voyager Digital.

Isaiah Stone, the winner of the basketball game, completed all stages of the challenge which included a free throw, a triple and a half field goal. According to the Dallas Mavericks, the Voyager-sponsored cash prize was the biggest on-field promotion for the team.

#MFFL, Isaiah Stone just won the BIGGEST cash prize ever for a promotion on the field for the Dallas Mavericks‼ ️

He returned home with $ 100,000 in cryptocurrency (Bitcoin) thanks to our new partner @investvoyager pic.twitter.com/ssW4Mz70sy
- Dallas Mavericks (@dallasmavs) October 29, 2021

Voyager Digital struck a five-year partnership deal with Mark Cuban’s Dallas Mavericks on Wednesday to increase crypto exposure among NBA fans through various fan engagement promotions.

As Cointelegraph reported, the crypto platform will also have naming rights to the franchise’s Mavs Gaming Hub in Dallas, a location for the Mavs NBA 2K League team. According to the Cuban:

"Our partnership with Voyager will allow Mavs and NBA fans to learn more about Voyager and how they can get more from the Voyager platform than traditional financial apps."

Additionally, the NBA Franchise Rewards Program allows fans to purchase merchandise and earn rewards in cryptocurrencies, including Bitcoin, Ethereum (ETH), and Dogecoin (DOGE).

Related: Coinbase Announces Multi-Year Partnership With NBA And WNBA

On October 19, Coinbase signed a multi-year partnership with five NBA leagues: NBA, Women’s National Basketball Association (WNBA), NBA G League, NBA 2K League and USA Basketball, as an official partner to improve the interaction of the fans.

Kate Rouch, Coinbase Marketing Director, said: “As part of the partnership, we will create interactive experiences to engage the amazing NBA and WNBA community and athletes from around the world. “