Smartphone manufacturer Apple Inc. announced a new Tap-to-Pay feature on the Apple Pay app. Stripe will be the first company to offer Tap-to-Pay to their business clients. The merchant will need to have at least an iPhone XS and maintain different payment methods, including cryptocurrencies. According to a press release on February 8, Apple announced…
China is using the Olympic Games they’re hosting to bring its CBDC, the digital yuan, to a qualitatively new level. The methods of achieving this goal are consistently impressive, although far from always pleasant. Just ahead of the 2022 Winter Olympics in Beijing, the People’s Bank of China (the country’s central bank) confirmed that it…
Valkyrie Funds announced the launch of the Valkyrie Bitcoin Miners ETF, the exchange-traded fund focused on Bitcoin mining operators. ETF will focus on firms that employ at least 77% renewable energy. The Valkyrie Bitcoin Miners ETF (WGMI) began trading on February 8 on the Nasdaq. It invests in publicly traded miners using renewable energy as…
According to a Monday announcement, the Canadian branch of accounting giant KPMG allocates Bitcoin and Ether to its corporate treasury. The firm’s executives “expect to see a lot of growth” in DeFi, NFT, and metaverse areas in the years to come. “Cryptoassets are a maturing asset class,” stated Benjie Thomas, the firm’s Canadian managing partner…
Polygon, a decentralized Ethereum scaling platform, has raised $450 million in a private token sale led by Sequoia India. The funding will be used to build Web3 decentralized applications or dApps, including Polygon PoS, Polygon Edge, and Polygon Avail. This is Polygon’s first major financing round since the project began in 2017. According to Bloomberg,…
While money returns to the crypto market, derivatives data shows that investor confidence is strengthening as the market forms a bottom, signaling a possible trend reversal. The Tether/CNY premium and CME futures basis have recently flipped bullish, indicating a positive investor attitude. Over last week the total capitalization of the crypto market raised 10% to…
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