Abracadabra Money enables users to provide collateral via interest-bearing bearing tokens and borrow the Magic Internet Money stablecoin against their holdings.
It’s just two months since the launch of MiamiCoin (MIA), the native crypto for the City of Miami, and the protocol has already generated $10 million in revenue for the city. The MiamiCoin has been powered by CityCoin using its own programmable blockchain Stacks (STX).
The amount of Ethereum that is being held by miners has reached record levels in U.S. dollar terms as they remain reluctant to sell.
According to JPMorgan this week’s rally has been driven by institutional investors hedging against inflation with Bitcoin.
Soros Fund Management, founded by billionaire investor George Soros, has invested in bitcoin. The CEO of the asset management company says bitcoin is not just an inflation hedge: “I think it’s crossed the chasm to mainstream.”
Famed billionaire Mark Cuban says that consumers are favoring Dogecoin (DOGE) over Bitcoin (BTC) in terms of making payments.
Binance is planning to establish new corporate offices in Ireland, according to reports from Reuters today.