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Argentine Soccer Club Uses Cryptocurrency to Sign Local Player

Argentina has been national news with the latest signing of a local soccer player with cryptocurrency. São Paulo is one of the biggest soccer teams in Brazil and they just bought a player with cryptocurrencies. São Paulo, with the help of USDC, a stablecoin pegged to the US dollar, signed the player from the Argentine…

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Crypto Giant Coinbase To Strengthen Its Presence In Europe, Plans To Expand In France And Three Other Countries

Coinbase, the leading US-based cryptocurrency exchange, is looking to increase growth outside of the US as the company plans to expand its services to four European countries. In a new company blog post, the cryptocurrency exchange says it is stepping up its expansion efforts by venturing into France, Italy, Spain, and the Netherlands after gaining…

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Ripple Launches Innovation Challenge for CBDC Solutions on XRP Ledger

Ripple is launching an innovation challenge aimed at promoting the development of XRP Ledger (XRPL) applications for central bank digital currencies (CBDCs). According to the contest page, entrants can submit projects for three categories: interoperability, retail orientation, and financial inclusion. Under the contest rules, interoperability projects must include solutions that help CBDCs connect with other…

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Crypto Lending Company Blockfi Cuts Staff by 20%

On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The message written by Blockfi co-founders Zac Prince and Flori Marquez follows a slew of well known crypto firms cutting back employees due to…

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Huobi Global Acquires Latin American Cryptocurrency Exchange Bitex

Digital currency exchange Huobi Global has revealed that it has acquired Bitex, a Latin American cryptocurrency platform that operates in Argentina, Chile, Paraguay, and Uruguay. Huobi details that the company is stepping up its presence in Latin America, as it believes the region will be one of the most active areas of cryptocurrency adoption worldwide….

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Top Coins to Buy for Quick Short-Term Profits

There are two types of cryptocurrency investors. The first category of investors are those who buy cryptocurrencies to hold for long periods of time. There is also an army of traders who buy and sell cryptocurrencies in days or weeks. Either way, everyone wants to get some return on capital. Here’s why short-term cryptocurrency trading…

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Investors continue to trade LUNA despite massive drop

Investors continue to trade the LUNA token despite its big drop as the coin loses 99% of its value from $62 on May 9 to less than a cent on May 14. However, as of May 20, LUNA remains the most sought-after cryptocurrency. CoinMarketCap. With a market capitalization of $918 million, LUNA is trading at…

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Abu Dhabi Bitcoin News

May 19th 2022: A new Bitcoin payment proof added,Robinhood to Compete Against Coinbase With Launch of New Crypto and NFT Wallet. Abu Dhabi is the capital and second most populous city in the United Arab Emirates (UAE). Approximately 1.45 million people live in Abu Dhabi – 80% of which are expatriates. It is one of…

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Equinox Health Club accepts cryptocurrency payments

If you’re a cryptocurrency fan and like to get your heart rate up on the treadmill or bench press and lifting weights, you might want to try Equinox. As a luxury gym in New York, the company recently announced that it will allow cryptographic payments for gym memberships and merchandise. Equinox is allowing cryptographic payments…