CryptoSoul

bant.io Will Begin Accepting Crypto Payments bant.io – a B2B lead generation and sales acceleration firm – has announced in a statement that it will begin accepting cryptocurrency payments for its services beginning in quarter four of 2021. bant.io Is Allowing Customers to Pay with CryptoThe idea of accepting crypto as a means of payment has been a controversial and scary one for several individuals and businesses. Initially, bitcoin and other forms of crypto were designed to push items like checks, fiat currencies, and credit cards to the side and give users a little more power over their financial futures. Many of the previously mentioned items – credit cards, etc. – are issued by banks and standard financial institutions that pry into people’s lives and often make decisions on their behalf. However, crypto does the opposite. There are no third parties involved, and usually individuals engaged in transactions do so at their own risk. There’s more independence to the scenario but accepting crypto as a method of payment has turned a lot of retailers off. They fear that the asset they’re about to accept will decrease heavily in price or be prone to heavy volatility, which could ultimately cause them to experience profit losses.

WiV Technology Token WiVA Gets Listed on BitMart Exchange With Over 5 Million Customers Global crypto exchange BitMart announced the listing of WiVA on Friday, the native token to the fine wine and NFT platform, WiV Technology. WiVA will join the long list of digital assets listed on BitMart including Bitcoin, Ethereum, Cardano, Tether, and Polkadot. The listing will allow WiVA holders to deposit, buy, sell, invest, and trade WiVA starting October 6, the statement confirms. The deposits of Wiv will be opened on October 5, 2021, at 10 AM EDT while trading will be opened 24 hours later. Withdrawals from BitMart will be allowed 24 hours following the commencing of trading. At launch, only the WiVA/USDT pair will be available for trading, with additional pairs set to be added as demand establishes itself.

Welcome ‘Uptober’ – Bitcoin Rallies To A New High For The First Time In Weeks Bitcoin investors will be glad to bid September goodbye after nearly a month of unimpressive prices. October has started with a massive bang sending Bitcoin and other cryptocurrencies soaring to new highs. Goodbye Lows, Welcome HighsBitcoin climbed by over 10% in under 24 hours to reach $48,436 on the first day of October. For investors around the world, Uptober is in full gear and promises to be a positive month for the asset. BTCUSD Chart By TradingViewThe immediate reason for the spike in prices has been linked to a short squeeze leading to liquidations of up to $270 million in less than one hour. Cryptocurrency enthusiasts are still basking in the euphoria of Federal Reserve Chief, Jerome Powell telling congress that there is “no intention to ban cryptocurrencies”. On the other side of the world, Iran lifted the ban on Bitcoin mining while El Salvador successfully mined its first bitcoin through the use of geothermal energy from its volcanoes. Other cryptocurrencies were not left out from the price rally. ETH, ADA, XRP, and several top cryptocurrencies notched impressive gains amid the general uptrend. This global crypto market gained 5%, giving it a market capitalization of $2.09 trillion.

Cryptocurrency Derivatives Exchange Bitget to Sponsor Juventus as Its First-Ever Sleeve Partner Singapore-based cryptocurrency derivatives exchange Bitget announced a partnership with Juventus to become its sponsor. According to the agreement, Bitget will act as Juventus official partner and official cryptocurrency exchange partner, and also its first-ever sleeve partner. Established in 1897, Juventus is one of most time-honored and award-winning football clubs worldwide. It was the first club in the history of football to win all the major international trophies with 38 Serie A titles, 2 Champions League titles, and 3 UEFA Cups. Juventus is one of the top ten football clubs in the world, with elite players such as Chiellini, Morata, Dybala and Bonucci.

This Is What the Crypto Industry Needs To Succeed, According to Former US Treasury Secretary Former U.S. Treasury secretary Larry Summers says there’s one key thing that the crypto industry needs in order to thrive. In a new interview with Bloomberg, Summers says that nefarious financial activity is inherent in the crypto space, and like other industries, digital assets will require regulation to become safe and reliable.  “Let’s start from the word crypto. It suggests a desire for secrecy with respect to large financial sums, and we have large financial sums happening in secret. You have risks of money laundering, risks of supporting various kinds of criminal activities, risks of innocent people being ripped off.” Summers likens the conversation around regulation in crypto to similar discussions in industries like the big tech and the stock market.

Biggest U.S. And European Banks Oppose Basel’s New Strict Bitcoin Rules JPMorgan, Deutsche Bank, and other world-leading banks have opposed new banking regulations that would force them to match one dollar in capital for every dollar of bitcoin they hold. Banks are traditionally required by Basel rules to assign risk weightings to different kinds of assets they own. The resulting outcome, in turn, determines the overall capital requirements for each bank. According to the rules, the risk weightings could range from 0% for very low-risk assets such as a tokenized sovereign bond to 1250% for extremely risky assets.

Bitcoin Has an Investment ‘Edge’ Over Other Assets, Says 178-Year Old Economic Magazine – Here’s Why The historic magazine The Economist is giving Bitcoin high praise, saying that the crypto holds attractive investment advantages over other assets. A recent article from the 178-year old magazine says that Bitcoin’s low correlation with traditional markets makes it a potentially excellent source of diversification.

Banking Giant HSBC Slams Cryptocurrencies, But Applauds CBDCs For This Reason HSBC, a British multinational investment bank and a financial services firm, has scrutinized cryptocurrencies and stablecoins, claiming the lack of regulations in the space pose threats to investors. On the contrary, the bank adored CBDCs as a form of digital money that can spur economic growth. In a recent report, titled “New forms of digital money could spur growth,” HSBC acknowledged Central Bank Digital Currencies as a banking innovation. The report noted that CBDCs are transparent and stable, therefore do not pose any threat to customers.

DeversiFi launches L2 bridge to Bitfinex for instant Tether (USDt) transfers Bitfinex, the popular crypto trading platform, and DeversiFi, a layer-2 (L2) trading platform powered by StarkWare technology, have launched the first L2 bridge between a centralized and decentralized exchange, enabling fast and low-cost transfers for ERC-20 tokens, starting with Tether tokens (USDt). With centralized exchanges seen as the entry point into cryptocurrency for many users, the new bridge will propel further adoption of DeFi by providing traders from both exchanges with access to the opportunities on each platform without having to transact on layer-1 (L1) Ethereum.

Royal Monetary Authority of Bhutan and Ripple to pilot CBDC with private blockchain Ripple, the provider of enterprise blockchain and crypto solutions for cross-border payments, today announced a collaboration with Bhutan’s central bank, the Royal Monetary Authority (RMA), to pilot a central bank digital currency (CBDC) using Ripple’s CBDC Private Ledger. Building atop its current payments infrastructure, the RMA will pilot retail, cross-border and wholesale payment use cases for a digital Ngultrum in phases using Ripple’s sustainable blockchain technology. Doing so will help accelerate its mission to increase financial inclusion in Bhutan to 85% by 2023.

Cudos And Zero Services Partner Up To Help Validators Join Cudos Network Cudos is proud to announce its partnership with Zero Services, a European managed service and co-location provider, following the launch of its incentivized public testnet project, Artemis. As per the announcement, the partnership will help assign new individual validators to join the Cudos network. Cudos hopes to harness Zero Services skills and expertise to manage the validation nodes fully.

Start of New BTC Bull Trend? Crypto Trader Lark Davis Says Bitcoin Just Confirmed Rare Bullish Signal Crypto trader and YouTube influencer Lark Davis says Bitcoin (BTC) just confirmed a massive bullish signal. In a new video, Davis tells his 432,000 YouTube subscribers that Bitcoin just flashed “golden cross,” a technical event seen by many traders as a sign for rallies to come.  “It’s happened. It’s official. It is confirmed. We’ve got a golden cross on Bitcoin. That is, of course, the crossing over of the 50-day moving average of the 200-day moving average. This is definitely nice to see.” Davis also looks at the history of golden crosses in Bitcoin to see whether the event is a reliable bullish indicator. According to the crypto trader, the last time BTC confirmed one in May 2020, it saw a rally of 700%.

Billionaire Thomas Peterffy Reveals He’s Been HODLing Bitcoin For Over 3 Years The pattern of traditional billionaires buying huge amounts of Bitcoin without making it public has been reoccurring for the last few years. There was a significant inflow of traditional billionaires to the Bitcoin market, following the intensity of inflation from last year. Billionaires continue to secretly hold Bitcoin in large amountsThis year, the market is witnessing the same pattern, with some of the top dogs in the finance scene revealing that they’ve been holding Bitcoin for a long period. Billionaire Thomas Peterffy Pererffy, the founder and chairman of Interactive Brokers is one of such, who recently opened up to CNBC in an interview, noting amongst many interesting takes, that he’s been a Bitcoin holder for three years. He made this known after being quizzed about his thoughts on leading institutions like AMC theaters’ recent move to accept Bitcoin along with other altcoins as payment mechanisms by the end of the year. Peterffy revealed that the move does not seem to make a lot of sense to him, “what are the advantages of these cryptocurrencies, visibly stablecoins?” He asked. Adding that for Stablecoins, there’s a small chance that their value might skyrocket and that it remains crucial to be exposed to them.

TOMI Releases Its Third NFT Collection As Public Sale Approaches TOMI, a decentralized cryptocurrency platform, announced its limited edition set of NFTs that will allow owners to access their main presale. According to the announcement, TOMI is offering users an opportunity to purchase the exclusive Tomi Heroes NFTs. The collection has gained a lot of traction from various members of the cryptocurrency community, including influencers. So far, TOMI has raised over 260 ETH (slightly less than $1 million). Notably, there are currently a few pieces remaining. 

Bitcoin In El Salvador Is Starting To Take The Big Leap El Salvador took the biggest financial leap in its history after recognizing Bitcoin as a form of legal tender. It accomplished this in the face of mounting pressure from international organizations and opposition parties but the move has triggered massive support from cryptocurrency enthusiasts globally. Massive Support For El SalvadorOn September 7th, history was made after the Bitcoin Law that was passed three months ago kicked into effect. El Salvador became the first country in the world to use bitcoin as a currency and it will serve in this lofty capacity alongside the US dollar. This move has elicited support from the community who now colloquially refer to September 7th as Bitcoin Day. The social media space has been filled with the trends #30for30, #7Septemberbuybtc, and #buybtctuesday which saw individuals buy $30 worth of BTC on September 7th in solidarity with the country. A poll conducted by Michael Saylor, CEO of Microstrategy with over 90,000 participants indicated that 83.6% would be participating in the event.

Bitcoin Wallet Charged $0.80 in Fees To Transfer More Than $2,000,000,000 in BTC An anonymous Bitcoin wallet was charged a minuscule fee while transferring over $2 billion worth of BTC on Monday night. Despite 44,598 BTC being moved, a mere 0.00001713 BTC fee was incurred – amounting to less than a dollar.  Bitcoin’s average transaction fee spiked to over $60 when it hit an all-time high above $64,000 in April. The average cost fell to $11 in July and is now at an average of under $3 at time of writing.

Grayscale and Icapital Partner to Provide 6,700 Advisors Access to Crypto Investments Grayscale Investments has partnered with Icapital Network to provide more than 6,700 advisors access to its cryptocurrency investment products. “Advisors and their clients have expressed increasing appetite for uncorrelated return potential in their portfolios, and digital currencies are at the center of the conversation right now,” said the CEO of Icapital. Over 6,700 Advisors Now Have Access to Grayscale’s Crypto InvestmentsGrayscale Investments announced Monday a partnership with Icapital Network, a platform connecting advisors and high net worth investors to alternative investment managers.Icapital services more than $80 billion in client assets across more than 780 funds globally as of July 31, according to the company. The New York-headquartered firm has offices in Zurich, London, Lisbon, and Hong Kong.The partnership will “offer Icapital Network’s more than 6,700 network advisors serving high-net-worth clients with access to digital currencies through a Grayscale diversified market-cap weighted investment strategy,” the announcement details. “Icapital’s advisors and clients will now have seamless access to Grayscale’s leading digital currency investment strategies.”Lawrence Calcano, CEO of Icapital Network, commented: Advisors and their clients have expressed increasing appetite for uncorrelated return potential in their portfolios, and digital currencies are at the center of the conversation right now.

Solana Centered NFT Marketplace Triggers SOL Bulls To Strive $300 Moonshot Solana (SOL) has had an impressive run this month and is now re-targeting the $200 floor. On Thursday, SOL reached a new all-time high of $214, it is expected that it will reach over $300 soon following the announcement of an NFT marketplace that integrates Solana by cryptocurrency exchange FTX. The cryptocurrency derivatives exchange revealed on Monday that its NFT platform launched on its U.S. subsidiary, FTX.US, would allow users to mint, buy, and sell NFTs across the Solana blockchain as well as Ethereum. While the platform is native to the U.S.-based domain of the platform, the billionaire CEO of the exchange Sam Banksman Fried, also SBF, in a tweet said that non-U.S users can access it.

Vitalik Buterin Talks Ethereum 2.0, Proof-Of-Stake, NFTs Ethereum co-founder, Vitalik Buterin, recently, flung his Twitter windows open to his 274 followings on Twitter, for a flock of questions about his personal life and Ethereum. Buterin gave a surprising answer to a few good questions. Take a look at some of them. “What are your biggest regrets?”VB: “The whole ‘8 cofounders’ thing (and choosing them so quickly and non discriminately),” Apparently, Vitalik, who was then 19, had pulled together a team of 8 persons — with the other seven consisting of Cardano CEO, Charles Hoskinson; Joseph Lubin, Polkadot’s Gavin Wood, Anthony Di Lorio, Mihai Alisie, Amir Chetrit, and Jeffrey Wilcke  — to figure out the headway for Ethereum.

LBank Global CEO Allen attending the Blockchain Dubai Event The Blockchain Dubai 2021 event held on September 6-7, 2021, Dubai (UAE).  LBank Global CEO Allen have been invited to have the speech in the event. He shared about the pace of globalization of LBank. LBank (www.lbank.info) is a global cryptocurrency trading platform. LBank provides safe, professional, convenient cryptocurrency exchange services to trade bitcoin, eth, doge, ltc, etc., and derivatives services, grid strategy, defi mining, nft for global users. Its users are contributed by more than 50 countries around the world. This summit is a leading gathering of senior decision-makers discussing the impact of blockchain and associated technologies on financial services. The show brings together a carefully curated agenda of the industry’s leading voices to discuss and accelerate the development of blockchain technologies in banking and finance institutions. Learn, develop and connect at the Blockchain Summit 2021.