Crypto News

Why Is Bitcoin Proving a Winner with Online Bettors?
Cryptocurrencies are moving into every section of our lives, from online shopping to investments. Users can now move money safely, securely, and swiftly between their accounts, paying for items and receiving payment for goods. It’s often a much quicker way for vendors to complete an exchange. Security and reliability of cryptocurrency transfers mean the likes of Bitcoin lends itself perfectly to online betting.

‘Willing to break the mold’: Bored Apes form Gorillaz-style band for Universal
A virtual band made up of four expensive cartoon apes from the Bored Apes Yacht Club NFT collection is hoping to become the next big hit in the music industry.

Discord drops Ethereum and NFT integration plans after backlash
Popular community messaging app Discord has been forced to walk back its integration plans with Ethereum (ETH)-based NFTs following strong backlash from a significant number of its user base.

These Bullish and Bearish Signals for Ethereum (ETH) Can Determine the Price Action
The world’s second-largest cryptocurrency Ethereum (ETH) recently touched a new all-time high above $4800 and is currently flirting close to those levels. While there have been expectations of ETH reaching $5000 levels very soon, the network congestion and high gas fee prove to be a kind of barrier.

Shiba Inu ($SHIB) Is Worth Holding Long Term Despite Recent Correction, Says KuCoin CEO
The CEO of popular cryptocurrency trading platform KuCoin, Johnny Lyu, has suggested that the meme-inspired cryptocurrency Shiba Inu ($SHIB) is worth holding over the long-term, despite its recent price correction.

Unnamed South African Investor Proposes Buying 51% Stake in Collapsed Crypto Firm for $5 Million
An unknown investor has proposed to acquire a 51% stake in Africrypt — the collapsed cryptocurrency investment company — for a purchase price of $5 million. However, in exchange for the offer, the investor wants all criminal proceedings against Africrypt directors dropped.

High volumes put ProShares Bitcoin futures ETF among “top 2%” of all ETFs
ProShares Bitcoin Strategy ETF was listed with major excitement in the US as the first-ever crypto-ETF on 19 October. After its bumper listing, BITO recently experienced “25% turnover” in one day, as per Bloomberg’s senior analyst Eric Balchunas.

Miami will hand out free Bitcoin to residents from profits on city coin
Every Miami resident with a digital wallet will be eligible to receive a Bitcoin dividend according to Mayor Francis Suarez.

Twitter Sets up Dedicated Team to Focus on Cryptocurrency and Decentralized Apps
Twitter has set up a team to focus on “crypto, blockchains, and other decentralized technologies — including and going beyond cryptocurrencies.” Initially, the team will explore how it can “support the growing interest among creators to use decentralized apps to manage virtual goods and currencies, and to support their work and communities.”