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cryptoworldpage · 2 years ago
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The Central Bank of the United Arab Emirates (CBUAE) plans to launch a central bank digital currency (CBDC), among other initiatives, as part of efforts to become a financial and digital payment hub. The plans are part of the country’s new financial infrastructure transformation (FIT) program launched on Sunday, which aims to support the local financial services sector through a series of initiatives. Stage one of the program includes the issuance of a CBDC for cross-border and domestic use, which the CBUAE said would “address the problems and inefficiency of cross-border payments and help drive innovation for domestic payments, respectively.” The government is also planning to begin the plans by launching a unified card payment platform to facilitate e-commerce growth and an instant payments platform to grow into a cashless society. Initiatives following the first stage in FIT include a digital assets innovation hub and an e-Know Your Customer platform to help crack down on illicit activity within the space. The FIT program announcement followed Dubai’s virtual asset regulatory authority releasing new guides on virtual asset activities for projects operating within the emirates last week, which included a ban on issuing “anonymity-enhanced cryptocurrencies,” also known as “privacy coins.” ————————————————————————- FOLLOW | LIKE | COMMENT | SHARE @cryptoworldpage Get daily Cryptocurrency | NFT | Blockchain news | Finance updates | Entertainment news Any questions | Comment below ⬇️ please OR slide in our DM ————————————————————————- #dubai #dubaï #dubai🇦🇪 #web3 #dxb #dxb🇦🇪 #cbdc #cryptocurrencynews #cryptoworldpage #dubai❤️ #dirham #dirhams #cryptoadoption #cryptoworld #cryptonewsdaily #cryptonewsofficial https://www.instagram.com/p/ConM_bYoif6/?igshid=NGJjMDIxMWI=
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cryptoworldpage · 2 years ago
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Hong Kong is giving away 500,000 airline tickets in an effort to woo tourists back to the region. The city has rolled back COVID travel restrictions in recent months including mandatory isolation on arrival. It has just announced travel to mainland China will be seamless from next week. On Wednesday (1 February), Hong Kong's Chief Executive John Lee launched the $2 billion (€1.8 bn) 'Hello Hong Kong' campaign, with the flight ticket giveaway starting on 1 March. The giveaway will start on March 1 and last for about six months, with tickets distributed in phases. The free tickets will be distributed by Hong Kong-based airlines Cathay Pacific, HK Express and Hong Kong Airlines, according to Fred Lam Tin-fuk, chief executive officer of t Airport Authority Hong Kong. Tickets will be distributed gradually on the airlines' overseas platforms starting with Southeast Asian countries, followed by mainland China and Northeastern Asia, according to Time Out Hong Kong. A further 80,000 free air tickets will be given to Hong Kong residents in the summer, with another 80,000 for those living in the Greater Bay Area. Visitors can also enjoy special offers and vouchers among other incentives in the city. One million vouchers worth over HKD100 (€11.60) each will provide discounts on food, drinks, transport, hotels, retail and attractions. They will be distributed at tourist inquiry counters located at four border checkpoints from 5pm on 2 February, according to Time Out Hong Kong. ————————————————————————- FOLLOW | LIKE | COMMENT | SHARE @cryptoworldpage Get daily Cryptocurrency | NFT | Blockchain news | Finance updates | Entertainment news Any questions | Comment below ⬇️ please OR slide in our DM ————————————————————————- #hongkong #hongkong🇭🇰 #hongkonginsta #johnlee #hongkongonline #hongkonginternationalairport #cryptoworldpage #tourism #hongkongtravel #hongkongig #hongkongairport #hongkongnight #hongkongnews https://www.instagram.com/p/CocGJLRIIbk/?igshid=NGJjMDIxMWI=
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cryptoworldpage · 2 years ago
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Netflix has claimed it mistakenly launched a set of guidelines for cracking down on password sharing to global users. The streaming service said the guidelines being trialled in Chile, Peru and Costa Rica had been posted accidentally across its help centre pages including in the US on Wednesday, but had since been taken down. “For a brief time yesterday, a help center article containing information that is only applicable to Chile, Costa Rica, and Peru went live in other countries. We have since updated it.” ————————————————————————- FOLLOW | LIKE | COMMENT | SHARE @cryptoworldpage Get daily Cryptocurrency | NFT | Blockchain news | Finance updates | Entertainment news Any questions | Comment below ⬇️ please OR slide in our DM ————————————————————————- #netflix #netflixseries #netflixoriginal #netflixandchill #netflixshows #cryptoworldpage #netflixindia #netflixbrasil #netflixmovies #netflixturkiye #netflixkorea #netflixoriginalseries #netflixpremium https://www.instagram.com/p/CoOt-4VIcMA/?igshid=NGJjMDIxMWI=
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cryptoworldpage · 2 years ago
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YouTuber Logan Paul and CryptoZoo have been named as defendants in a newly filed class-action lawsuit, which alleges they stole millions of dollars worth of purchaser's cryptocurrency via a "fraudulent venture." In a court filing on Feb. 2 in the District Court of the Western District of Texas, plaintiff Don Holland alleged that Paul and executives at CryptoZoo “executed a ‘rug pull’” by promising purchasers of the nonfungible tokens (NFTs) exclusive access to crypto assets among other benefits but ultimately abandoned the project and kept the funds. "As part of Defendants’ NFT scheme, Defendants marketed CZ NFTs to purchasers by falsely claiming that, in exchange for transferring cryptocurrency to purchase the CZ NFT, purchasers would later receive benefits, including, among other things, rewards, exclusive access to other cryptocurrency assets, and the support of an online ecosystem to use and market CZ NFTs," it wrote. "In reality, soon after completing the sale of all their CZ NFTs, Defendants, together with others [...] transferred millions of dollars’ worth of purchasers’ cryptocurrency to, among other places, wallets controlled by Defendants," it alleged. ————————————————————————- FOLLOW | LIKE | COMMENT | SHARE @cryptoworldpage Get daily Cryptocurrency | NFT | Blockchain news | Finance updates | Entertainment news Any questions | Comment below ⬇️ please OR slide in our DM ————————————————————————- #loganpaul #loganpauledits #loganpaulvlogs #loganpaulfanpage #loganpaulvsksi #cryptoworldpage #loganpauledit #loganpaulisoverparty #loganpaulfanfic #nftnews #cryptozoo #nfts #nft https://www.instagram.com/p/CoME98aII3v/?igshid=NGJjMDIxMWI=
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cryptoworldpage · 2 years ago
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South African grocery retailer Pick n Pay is now accepting Bitcoin in all of its 1,628 stores following a three-month pilot testing phase in 39 locations. As part of its nationwide rollout, store customers will be able to pay for items using cryptocurrency via smartphone apps or by scanning a QR code and accepting the South African rand’s conversion rate at the time of payment. To pay with BTC, customers will need a Bitcoin Lightning Wallet and the CryptoQR scanner app from CryptoConvert, which is linked to the Bitcoin Lightning Wallet. The payment process requires users to scan an item’s QR code through the CryptoQR app and then proceed to the Lightning Wallet to confirm the rate and complete the transaction. The move came after the country’s financial regulator, the Financial Sector Conduct Authority (FSCA), amended its financial advisory legislation in October to classify crypto assets as financial products, bringing cryptocurrencies under regulation for the first time in South Africa and allowing financial service providers to offer crypto-assets both domestically and internationally. Among the African nations, South Africa appears to be making considerable progress in adopting cryptocurrency. South Africa ranks 30th globally in terms of cryptocurrency adoption according to Chainalysis’ 2022 Global Crypto Adoption Index. It has been estimated that about 10% to 13% of the South African population holds crypto assets. ————————————————————————- FOLLOW | LIKE | COMMENT | SHARE @cryptoworldpage Get daily Cryptocurrency | NFT | Blockchain news | Finance updates | Entertainment news Any questions | Comment below ⬇️ please OR slide in our DM ————————————————————————- #picknpay #pickandpay #picknpayclothing #cryptoadoption #cryptonewsdaily #cryptoworldpage #btcnews #bitcoinprice #bitcoinupdate #mzansinews #southafricans #southafricanblogger https://www.instagram.com/p/CoKNZlXoqbV/?igshid=NGJjMDIxMWI=
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cryptoworldpage · 2 years ago
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The Bad Boys are back together after nearly three years. On Tuesday morning, January 31st, 2023, Will Smith and Martin Lawrence announced that the upcoming movie was officially charging ahead by releasing a reunion video on social media with the caption, “IT’S ABOUT THAT TIME!” In the clip, Smith shared that he had a big announcement as he drove to Lawrence’s place. Once the 57-year-old comedian opened the door he asked his co-star, “It’s about that time?”, to which Will replied, “It’s official ya’ll! It’s official, Bad Boys 4 life baby.” Toward the end of the clip, Martin and Will jokingly realise that they shouldn’t have called the last film Bad Boys For Life, given that it was only the third movie. After Will held up four fingers, he said, “We shouldn’t have called it that, though. The 3 was the ‘e,” and then exclaimed, “But this is Bad Boys 4. It’s official!” Martin then chimed in, “well we did four… but it’s still Bad Boys For Life!”. ————————————————————————- FOLLOW | LIKE | COMMENT | SHARE @cryptoworldpage Get daily Cryptocurrency | NFT | Blockchain news | Finance updates | Entertainment news Any questions | Comment below ⬇️ please OR slide in our DM ————————————————————————- #willsmith #willsmithquotes #willsmithfan #badboysforlife #badboysforlifemovie #martinlawrence #martinlawrencebullard #willsmithquote #cryptoworldpage #willsmiththejump https://www.instagram.com/p/CoHQ_fHI2D9/?igshid=NGJjMDIxMWI=
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cryptoworldpage · 2 years ago
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A UK court has branded a dark web site advertising bitcoin-for-hire hitmen an “absolute sham” and “palpable nonsense” after a woman, who allegedly tried to have a one-time fling murdered, lost $25,000 in bitcoin. Mother-of-five Helen Hewlett allegedly paid a £20,000 deposit for a hitman on the site Online Killers Market. It was agreed that money would exchange hands once her former fling, an ex-colleague, was murdered. However, the fake hitmen took Hewlett’s cash without going through with the deed. Prosecutors claimed in Norwich Crown Court that Hewlett was “relentless” in pursuing Mark Belton romantically, stalking him from January 2021 to August 2022. Belton claims he “immediately regretted” the fling. Hewlett was arrested after police discovered multiple bitcoin payments to the dark web site originating from a Coinbase account containing her personal details. After the hit was placed, prosecutors claim that Hewlett had searched for news articles about various local accidents and deaths. On the day of her arrest, police pretended to be Hewlett and canceled the hit but couldn’t recover the bitcoin payment. In her defense, she said: “I put a post on a forum. It was to vent more than anything and to say things that I was feeling.” “You have to give your OK for someone to be done,” she said in a police interview, insisting she wasn’t going to go ahead with the killing. She did however admit she couldn’t be sure if the hit would happen regardless. Hewlett apparently settled on Online Killer Market, which promised a “100% job completion rate” while offering a variety of services, including sniper killings for $20,000 — $60,000, arson for $20,000, and a beating for $2,000. ————————————————————————- FOLLOW | LIKE | COMMENT | SHARE @cryptoworldpage Get daily Cryptocurrency | NFT | Blockchain news | Finance updates | Entertainment news Any questions | Comment below ⬇️ please OR slide in our DM ————————————————————————- #britsnews #britishness #uknews #uktoday #england🇬🇧 #englandnews #cryptoworldpage #london #london🇬🇧 #cryptoworld #cryptonews #cryptonewsdaily #bitcoinnews #btcnews https://www.instagram.com/p/CoFWPCxowm1/?igshid=NGJjMDIxMWI=
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cryptoworldpage · 2 years ago
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Binance and Mastercard have launched a prepaid rewards card in Brazil that will allow customers to make everyday purchases with cryptocurrency. New and existing Binance users will be able to use the card to buy things and pay bills with Bitcoin and other cryptocurrencies across Mastercard’s network of 90 million merchants, Binance said in a statement seen by Decrypt. It also comes with perks including up to 8% cashback in crypto on eligible purchases, and zero fees on ATM withdrawals. When the card becomes widely available in the next few weeks, it will make Brazil the second Latin American country where it is available, following Argentina’s rollout last year. Like the Argentinian card, user funds will be converted from crypto to fiat currency in real time at the point of purchase. Payments made using crypto are subject to a 0.9% conversion fee. “Brazil is an extremely relevant market for Binance and we will continue to invest in new services for local users, as well as contributing to the development of the blockchain and crypto ecosystem in the country,” said Guilherme Nazar, general manager at Binance for Brazil. ————————————————————————- FOLLOW | LIKE | COMMENT | SHARE @cryptoworldpage Get daily Cryptocurrency | NFT | Blockchain news | Finance updates | Entertainment news Any questions | Comment below ⬇️ please OR slide in our DM ————————————————————————- #binance #binancenews #czbinance #mastercard #mastercard #cryptoworldpage #michaelmiebach #cryptoadoption #cryptoworld #cryptonews #cryptonewsdaily #cryptonews24 https://www.instagram.com/p/CoDM0jlIAw9/?igshid=NGJjMDIxMWI=
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cryptoworldpage · 2 years ago
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American-British social media personality, businessman, and former professional kickboxer “Andrew Tate” revealed in a Twitter post he had made more money while locked. Meanwhile the media personality is currently imprisoned in Romania where he faces charges relating to “Human Trafficking”. ————————————————————————- FOLLOW | LIKE | COMMENT | SHARE @cryptoworldpage Get daily Cryptocurrency | NFT | Blockchain news | Finance updates | Entertainment news Any questions | Comment below ⬇️ please OR slide in our DM ————————————————————————- #andrewtate #andrewtateinspiration #andrewtatemotivation #andrewtatequotes #andrewtatememes #cryptoworldpage #andrewtatepodcast #andrewtatearrested #andrewtatespeech https://www.instagram.com/p/CoCN2ngokRs/?igshid=NGJjMDIxMWI=
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cryptoworldpage · 2 years ago
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Bitcoin price remained well bid above the $22,500 support zone. BTC formed a base and started a fresh increase above the $23,000 resistance zone. The bulls were able to pump the price above the $23,200 resistance and the 100 hourly simple moving average. The price even cleared the $23,500 resistance zone and traded to a new yearly high at $23,950. During the increase, there was a break above a key contracting triangle with resistance near $23,145 on the hourly chart of the BTC/USD pair. An immediate resistance is near the $23,800 level. The next major resistance is near the $24,200 zone, above which the price might start a strong increase. In the stated case, the price may perhaps rise towards the $25,000 level. The next resistance could be near the $25,500 level. Any more gains might send btc price towards the $26,000 level. If bitcoin price fails to clear the $23,800 resistance, it could start a downside correction. An immediate support on the downside is near the $23,650 zone. The next major support is near the $23,450 zone or the 50% Fib retracement level of the recent increase from the $22,900 swing low to $23,950 high. A downside break below the $23,450 level might send the price towards the $23,150 level. Any more losses might send the price to $22,650 in the near term. ————————————————————————- FOLLOW | LIKE | COMMENT | SHARE @cryptoworldpage 📖 newsbtc Get daily Cryptocurrency | NFT | Blockchain news | Finance updates | Entertainment news Any questions | Comment below ⬇️ please OR slide in our DM ————————————————————————- #bitcoinrise #cryptoupdates #btcnews #cryptonews #ethereumnews #cryptoworldpage #cryptonewsdaily #cryptonews24 #marketanalysis #wallstreet #nasdaq #cryptoworld https://www.instagram.com/p/CoBucD8IyyU/?igshid=NGJjMDIxMWI=
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cryptoworldpage · 3 years ago
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Eight Democratic Senators have written to seven of the leading banks in the US, criticizing what they call a lack of safeguards against fraud on the digital payment platform Zelle. On July 7, Bob Menendez, Elizabeth Warren, Jack Reed, Sherrod Brown, Chris Van Hollen, Sheldon Whitehouse, Bernie Sanders and Tammy Duckworth sent letters to Capital One, Wells Fargo, PNC, Chase, US Bank, Bank of America and Truist. Zelle is a real-time payment platform that the Senators call "peer-to-peer," though it actually runs through the same Automated Clearing House network that handles most bank transfers, albeit in a streamlined fashion. "In 2020, nearly 18 million Americans were defrauded through scams involving Zelle and other instant payment applications," the Senators write. "At least in the case of Zelle, the banks that participate in the network appear not to have provided sufficient recourse to their customers." The letter continues: "One of Zelle’s biggest selling points to consumers — the ability to immediately transfer money — makes the platform a 'favorite of fraudsters' because consumers have no option to cancel a transaction, even moments after authorizing it." Warren, Menendez and Reed initially drew attention to the issue by writing to Early Warning Services, or EWS, back in April. The seven banks in today's letter share ownership of EWS. It is via their accounts that Zelle provides its services. EWS had said that it provides protections for frauds that result in transfers that customers themselves do not authorize, but it does not recompense users for money that they sent to scams. The Senators wrote that this policy "ignores how consumers actually suffer financial loss on Zelle." The question of responsibility for online payments has broad applications. The Consumer Financial Protection Bureau launched inquiries into Venmo and PayPal over similar concerns earlier this year. Lack of recourse after sending a payment to a false address also crops up as a perennial concern when it comes to cryptocurrency payments, with lawmakers frequently targeting self-hosted wallets. ————————————————————————- Follow @cryptoworldpage ————————————————————————- https://www.instagram.com/p/CfyvjBBIanC/?igshid=NGJjMDIxMWI=
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cryptoworldpage · 3 years ago
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Canadian telecommunications giant Rogers Communications is down, taking with it much of the nation’s telecommunications functionality. The outage, which reportedly began at 8:30 A.M. UTC, is severely impacting wireless, cable, and internet customers across the country. Even services not directly controlled by Rogers are encountering issues. Spillover effects from the outage have affected various sectors of Canadian society including emergency services, banks, financial institutions, government departments, police stations, airports, bridge infrastructure, and the border with the United States. The 911 service itself is still working properly though inaccessible through Rogers-affiliated devices or networks. Rogers Communications is the leading internet provider in Ontario and along with two other companies (BCE and Telus) controls over 90% of the market share in Canada. This is the second outage the country has experienced from Rogers in the last two years. The event may come as a sharp reminder to Canadians and onlookers of the risks posed by centralized service providers. ————————————————————————- Are you into CRYPTO | NFT | WEB 3 TECH? Follow @cryptoworldpage Get daily cryptocurrency news updates Any questions | Comment below ⬇️ OR slide in our DM————————————————————————- https://www.instagram.com/p/CfySlhYoqs4/?igshid=NGJjMDIxMWI=
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cryptoworldpage · 3 years ago
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Bitcoin (BTC) meandered into the weekly close on July 3 after weekend trading produced a brief wick below $18,800. Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it stuck to $19,000 rigidly for a third day running. The pair had gone light on volatility overall at the weekend, but at the time of writing was still on track for the first weekly close below its prior halving cycle’s all-time high since December 2020. The previous weekend’s action had produced a late surge which saved bulls from a close below $20,000. Momentum remained weak throughout the following week’s Wall Street trading, however, and traders were unconvinced about the potential for a significant relief bounce. “Looking for a push down to the lower support zone at $18,000 while we are below $19,300. Quick scalp and tight invalidation,” popular Twitter account Crypto Tony wrote in an update to followers on the day. “I can’t really trust this move because it's ‘weekend pa,’” fellow account Ninja continued in part of a further post, adding that “if bulls can’t push to $19.7k, I don’t think the dump is over.” Up or down, incoming volatility was being keenly eyed by commentators as the weekly close drew near. Popular analyst Matthew Hyland noted that the Bollinger bands indicator was signaling that price conditions would soon become more erratic. ————————————————————————- Are you into CRYPTO | NFT | WEB 3 TECH? Follow @cryptoworldpage Get daily cryptocurrency news updates Any questions | Comment below ⬇️ OR slide in our DM————————————————————————- https://www.instagram.com/p/CfkDeeaI-av/?igshid=NGJjMDIxMWI=
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cryptoworldpage · 3 years ago
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Yuga Labs, creators of Bored Ape Yacht Club Non-Fungible Tokens (NFTs), has sued artist Ryder Ripps and several associates, accusing them of producing and selling “copycat NFTs” that devalue the originals, according to its Twitter feed and that of the Bored Ape Gazette, which tweeted a lawsuit filing with inserted illustrations. The lawsuit claims that the artist sought to “devalue the Bored Ape NFTs by flooding the NFT market with his own copycat NFT collection using the original Bored Ape Yacht Club images and calling them “RR/BAYC” NFTs.” The suit points out that Bored Ape NFTs “often resell for hundreds of thousands, if not millions, of dollars, and prominent celebrities are proud holders of Bored Ape NFTs,” adding that only 10,000 Bored Ape NFTs exist and that each is unique. Yuga Labs seeks a judgement restraining Ripps and associates from “engaging in further interference with its prospective economic relations,” as well as damages and attorneys’ fees. An email seeking comment on the lawsuit from Ripps was sent to an address on his website, but no response had been received by time of publication. Ripps said earlier this year on Twitter that he had been “researching and posting about BAYC Nazi ties.” The Bored Ape founders pushed back against these allegations in a blog post on Friday. A representative from Yuga Labs' public relations firm, Strange Brew Strategies, said later on Saturday via email that RR/BAYC NFTs had been removed from the OpenSea NFT marketplace. A look at the page showed that several images had been labeled "possibly fake." The Yuga Labs lawsuit was filed on Friday in US District Court of Central California by law firm Fenwick & West, and a 43-page document was tweeted early today by the Bored Ape Gazette. ————————————————————————- Like| Comment| Follow| share Are you into CRYPTO | NFT | WEB 3 TECH? Follow @cryptoworldpage Get daily cryptocurrency news updates Any questions | Comment below ⬇️ OR slide in our DM————————————————————————- https://www.instagram.com/p/CfPeLwnoulW/?igshid=NGJjMDIxMWI=
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cryptoworldpage · 3 years ago
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Pump and dump scams and Ponzi schemes are becoming more commonplace as the cryptocurrency industry continues to expand and digital assets gain greater popularity. Notably, a new stablecoin called USDD (USDD), a cryptocurrency issued by the TRON DAO Reserve, has been called into question by Stephen Findseisen, a.k.a. Coffeezilla. Indeed, the YouTuber explained in his video published on June 24 about a potential Ponzi scheme with the newly issued stablecoin. As the USDD’s performance remains consistently lower than the $1 peg, there has been discussion over the investors’ potential exposure to risk. Following the loss of the dollar peg on June 13, USDD saw a significant decline, reaching a low of $0.93 before recovering to its previous level of $0.98. After the collapse of the Terra (LUNA) ecosystem, Findseisen highlighted a few key similarities and distinctions between the two coins and highlighted that the Ponzi-like currency claim as DeFi is not entirely accurate. ————————————————————————- Like| Comment| Follow| share Are you into CRYPTO | NFT | WEB 3 TECH? Follow @cryptoworldpage Get daily cryptocurrency news updates Any questions | Comment below ⬇️ OR slide in our DM————————————————————————- https://www.instagram.com/p/CfPBQ3tIhYa/?igshid=NGJjMDIxMWI=
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cryptoworldpage · 3 years ago
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President of El Salvador Nayib Bukele released a model of Bitcoin City after announcing the bitcoin nation-state had bought the dip. The first pictures released showcase a golden city with a Bitcoin centerpiece and a caption from Bukele stating “Bitcoin City is coming along beautifully.” Bitcoin City is said to have 0% income, capital gains, property, payroll, and municipal taxes, as well as 0% CO2 emissions. The location is meant to be near La Unión, a small Salvadoran city. Bukele followed up with another set of pictures detailing four landmarks to be scattered through the city, one of which looks to be a gigantic bitcoin. Bukele then clarified that Bitcoin City would not be golden. The color choice was simply a design decision from the architect but the actual city will host far more green and blue between the vast amount of trees and expansive sea surrounding the city. ————————————————————————- Like| Comment| Follow| share Are you into CRYPTO | NFT | WEB 3 TECH? Follow @cryptoworldpage Get daily cryptocurrency news updates Any questions | Comment below ⬇️ OR slide in our DM @nayibbukele ————————————————————————- https://www.instagram.com/p/CdaGyQDIyoT/?igshid=NGJjMDIxMWI=
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cryptoworldpage · 3 years ago
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SBI Motor Japan, a cross-border subsidiary of SBI Holdings specializing in Japanese used-cars through e-commerce, is accepting bitcoin and another cryptocurrency providing accessibility to the unbanked, according to a press release. In the press release, SBI notes a study from the World Bank in 2017 showing 1.7 billion people were unbanked. The vast majority of those who are unbanked reside in emerging countries, such as African countries. Another study compiled from the Singapore-based cryptocurrency exchange CooCoin was cited in the release which stated Africa witnessed a 15-fold increase in total cryptocurrency transactions. Not only did transactions rise, but the total number of users also increased by a factor of 25 throughout January 2022 from the previous year. “Crypto asset remittances use the blockchain (distributed ledger), so even if the banking system stops functioning, as long as the Internet is operational, remittances can continue to be used without being affected by the failure of an exchange,” SBI said in the release. Bitcoin offers a solution to unbanked populations around the world who are limited by the lack of technological capacity in emerging countries, corruption, price-gouging of remittances, and other barriers preventing the financial inclusion of many people across the world. Bitcoin does not need banks to accept it, nor does it need to charge ridiculous fees for remittances. It is a cross-border savings technology allowing users to participate in the global economy without permission. According to SBI’s research cited in the press release, they provide used-car information and accessibility to a host of emerging countries including Tanzania, Kenya, Zambia, and other African countries. The website also has users in Ireland, the Bahamas, and other countries and annually exports over 5,000 vehicles. ————————————————————————- Like| Comment| Follow| share Are you into CRYPTO | NFT | WEB 3 TECH? Follow @cryptoworldpage Get daily cryptocurrency news updates Any questions | Comment below ⬇️ OR slide in our DM————————————————————————- https://www.instagram.com/p/CdYIC0BIaVT/?igshid=NGJjMDIxMWI=
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