France’s third-largest bank, Société Générale, is introducing a stablecoin called EUR CoinVertible (EURCV) on Luxembourg-based cryptocurrency exchange Bitstamp. Financial Times Reported on December 6th.Bitstamp’s website shows that the stablecoin is listed on the platform, but trading has not yet begun as of press time.What is EURCV?EURCV is an Ethereum-based euro-pegged stablecoin whose reserves are fully collateralized by cash reserves and high-quality securities. This will provide the bank’s customers with broad access to emerging digital asset markets.According to current data from Etherscan, the maximum total supply of the stablecoin is 10.5 million, with only five holders. Bitstamp holds 500,000 units of…
Author: Crypto Flexs
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Cryptocurrency has revolutionized the world of finance, and Bitcoin is leading the way as a pioneer in blockchain technology. However, as the blockchain space evolves, there is a growing need for innovation and solutions to address the limitations of existing systems. This article explores the potential synergies between Bitcoin and Qtum technologies and takes a closer look at how Qtum’s innovative features can enhance and complement Bitcoin’s strengths. If you are interested in cryptocurrency trading, you may want to invest in reliable trading platforms such as: Syntrocoin.Bitcoin’s dominance in the cryptocurrency worldThe Rise of Bitcoin as Digital GoldBitcoin, often referred…
Elon Musk’s You can guess what happened next. This week we bring you these stories and more in cryptocurrency. Elimination of profits from regulatory decisions Bitcoin and other major cryptocurrencies have experienced a roller coaster of high volatility this week. An encouraging court decision kicked off the markets on Tuesday, but on Thursday the SEC announced news that brought markets back to reality, erasing gains from earlier in the week. The market as a whole hit a red candle in August, with the price of Bitcoin down nearly 11% at the end of the month. Bitcoin rally begins with grayscale…
Bitcoin price continued its upward trend above the $43,200 resistance level. BTC is now consolidating gains and could rise further towards the $45,000 area. Bitcoin is well above the $42,200 and $43,200 levels. The price is trading above $43,200 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows two bullish trend lines forming with support near $43,200 and $41,800. The pair may correct downwards towards $43,200 before starting a new advance. Bitcoin price rally extends Bitcoin price maintained a steady upward trend above the $40,000 resistance zone. BTC is up more…
Coinbase allows users to send money globally through popular messaging apps such as WhatsApp, iMessage, and Telegram. Transactions are instant, free, and break down geographic barriers. To facilitate these transfers, both sender and recipient will need Coinbase Wallet. Cryptocurrency exchange giant Coinbase yesterday launched a groundbreaking service that allows users to send money globally through the well-known messaging and social media platform. The move aims to bring greater utility to digital wallets and attract new users to the thriving cryptocurrency market. Global remittance using messaging apps Coinbase now allows customers to send funds globally through popular messaging apps, including WhatsApp,…
at the time Ordi -6.90% Token is temporarily Earlier this week, it reached a market capitalization of $1 billion, making it the first BRC-20 token to reach this milestone. A slew of other BRC-20 tokens are following suit, all hoping to become the next memecoin. Today’s Corner. However, what is unusual is that since there is no native support for the tokens, these tokens created on Bitcoin as a workaround are now being expanded to other chains that support native tokens.In Bitcoin, an inscription is where an individual satoshi, the smallest unit of Bitcoin, is linked to a piece of…
Recently, the U.S. Securities and Exchange Commission (SEC) announced that it would extend the decision-making time for Grayscale Ethereum Trust’s application for a cash exchange-traded fund (ETF). Previously, the SEC had planned to make a decision by December 6, 2023. But now they have decided to postpone it until January 25, 2024. With this step, regulators are demonstrating that they are taking a cautious and comprehensive approach to the rapidly evolving world of Bitcoin exchange-traded funds (ETFs). Grayscale Investments, a significant player in digital currency investments, filed Form 19b-4 in October with the intention of converting the Grayscale Ethereum Trust…
In the rapidly evolving cryptocurrency and digital asset landscape, auditing and transparent reporting issues for stablecoins remain unresolved challenges. Despite this uncertainty, PayPal, a prominent player in the financial technology space, has embraced innovation by introducing its own stablecoin, PYUSD. Considering that PayPal primarily engages in traditional fiat transactions, this move may initially raise eyebrows. However, a closer look reveals the company’s long-standing involvement and strategic partnerships in the cryptocurrency space. PayPal’s journey in the cryptocurrency domain dates back to 2014 when it started partnerships with various cryptocurrency companies. This initial phase allowed users to buy and sell their chosen…
Withdrawals are coming! The Shapella network upgrade will be activated on the Ethereum network in epochs. 194048Estimated for April 12, 2023 22:27:35 UTCStakers and node operators should read this post along with this one. Withdrawal FAQFrom now until April 5th, Ethereum Bug Bounty Rewards for Shapella vulnerabilities have been doubled.You can now sign up to receive emails about these upgrade announcements. scroll to bottom of page Like that 📩 After smooth Görli transition, the client team scheduled a Shapella upgrade for mainnet activation. The agreement was reached quickly, on April 12th. 157th AllCoreDevs Execution Layer Conference. This upgrade includes: absorption…
Cryptocurrency hedge fund Pantera Capital said a sector of the digital asset industry could attract a new wave of users as it announced a collaboration with a secretive project. In a new blog post, decentralized autonomous organization (DAO) Merit Circle (MC) revealed that it is collaborating with Pantera Capital as a means of strengthening Beam (BEAM), a gaming ecosystem powered by layer-1 blockchain Avalanche (AVAX). “We are excited to share that we are forming a strategic partnership with industry-leading investor Pantera Capital. We are very excited to welcome such a renowned fund as a BEAM holder and receive support in…