Oluwapelumi Adejumo

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Stats Has written 333 posts about cryptocurrency

Jan 15 2022

After Celo’s success, Polkastarter integrates Avalanche

Jan 15 2022 Published at CryptoSlate under tags  avalanche celo defi polkastarter

As part of its efforts to achieve its multi-chain goal, Polkastarter has officially announced the integration of Avalanche. Polkastarter integrates Avalanche into its platform The move to integrate Avalanche commenced following...

Jan 14 2022

Elon Musk’s Tesla now support Dogecoin payment

Jan 14 2022 Published at CryptoSlate under tags  bitcoin dogecoin memecoins payments tesla

Tesla is accepting crypto payments again. The leading electric car maker earlier today revealed that it is now supporting payment for some of its products using the popular meme coin, Dogecoin, via its platform. Tesla...

Here is the first restaurant open to NFT holders alone

Jan 14 2022 Published at CryptoSlate under tags  adidas bored ape ethereum nfts

Owning an NFT just got cooler as a restaurant in New York has revealed that prospective diners at its place can only purchase their membership via blockchain as a digital token. Flyfish Club membership can only be purchased through NFTs VCR Group, the parent company of the members-only private dining club, Flyfish Club, founded by Entrepreneur Gary Vaynerchuk...

Jan 13 2022

“Pay us in crypto,” one in four small businesses say

Jan 13 2022 Published at CryptoSlate under tags  adoption payments

A recent survey by Visa Inc has revealed the willingness of small businesses across nine countries to accept digital assets like Bitcoin, Ethereum, and others as a means of payment for their goods and services. One in four small businesses is open to accepting crypto The survey, which had over 2000 business owners in countries...

Frosties NFT investors rug pulled, loses over $1 million

Jan 13 2022 Published at CryptoSlate under tags  nfts scams

Investors in a non-fungible token (NFT) collection called Frosties, have been scammed for over $1 million after creators of the digital tokens absconded with their funds on January 9th. Frosties NFT investors lost $1.3 million...

Facebook’s Meta is hiring staffs of its rivals to build the metaverse

With Meta’s plan to build the metaverse already in full swing, reports from Wall Street Journal have indicated that the tech company has been poaching employees of rival tech firms like Microsoft and Apple. Meta is poaching staff from Microsoft According to the...

Jan 11 2022

Beware! US FTC releases new crypto scam alert

Jan 11 2022 Published at CryptoSlate under tags  bitcoin crypto crypto crimes scams

Crypto scammers are always trying to devise new means of defrauding unsuspecting members of the public. The Federal Trade Commission (FTC) earlier today published a new scam alert involving the use of crypto ATMs. Scammers devise crypto atm scam method...

Binance partners CAF, sponsors AFCON

Jan 11 2022 Published at CryptoSlate under tags  adoption binance coinbase ftx partnerships

In a bid to further bolster its popularity and boost crypto adoption in Africa, Binance, the largest crypto exchange by trading volume, will be one of the sponsors of the TotalEnergies African Cup of Nations tournament being held in Cameroon. Binance sponsors AFCON 2021...

Crypto outflow top $200 million in one week

Jan 11 2022 Published at CryptoSlate under tags  analysis binance coin bitcoin ethereum solana

For the fourth consecutive week, crypto investments products have recorded massive outflows, with the most recent totaling over $200 million in the past week. Bitcoin products top outflow list with $107 million According to a newly released report from CoinShares,...

How one Tesla owner mined crypto with his car

Jan 11 2022 Published at CryptoSlate under tags  bitcoin ethereum mining monero tesla

One Tesla owner might have found more use for his electric car prized asset beyond the road, judging by his recent revelations. A Tesla was used to mine $800 Ethereum A CNBC report has revealed that an owner of a 2018 Tesla Model 3, Siraj Raval, successfully mined around...

Jan 10 2022

Binance CZ’s wealth places him on par with Zuckerberg, reportedly worth $96 billion

Jan 10 2022 Published at CryptoSlate under tags  analysis people

One of the most famous names in the crypto space is undoubtedly that of the founder and CEO of Binance, Changpeng Zhao, who, according to a recent Bloomberg report, is the richest person in the industry. According to the...

Binance.US is building an office in the metaverse

With many institutions and firms joining the metaverse in recent times, the latest firm to join the growing list is the US arm of the leading crypto exchange in the world, Binance. Binace.US to get virtual office in the metaverse According to available information, Binance.US would be setting up in Portals, a metaverse project built on the...

Jan 08 2022

Here is why Ethereum’s dominance in DeFi is falling

Ethereum is undoubtedly the leading blockchain in DeFi, but this could be about to change as analysts at JPMorgan have noted that the dominance of the asset in the space could already be fading. According to the analysts, the rise of smart contract-enabled protocols like Terra, Avalanche, and Solana have shown that the lead of Ethereum is not absolute in DeFi. These...

Jan 07 2022

Australian Open embraces blockchain tech, incorporates NFTs and metaverse

Jan 07 2022 Published at CryptoSlate under tags  adoption metaverse nfts

The adoption of blockchain technology by various industries in the world is on the rise, the sports industry just took another step in that direction. This step was taken by the organizers of one of the biggest Grand Slams in the world, Australian Open. According to organizers of the competition, the tournament is set to become the first-ever Grand Slam to incorporate non- fungible...

Goldman Sachs reveals how Bitcoin can reach $100k in 2022

Jan 07 2022 Published at CryptoSlate under tags  analysis bitcoin bloomberg btc gold

Goldman Sachs, through its recently released note to clients, has stated that Bitcoin could reach as high as $100k in this year. Bitcoin to $100k will happen if investors see it as digital gold According to the global investment bank, its prediction depends largely on how investors treat Bitcoin this year. This means that if investors were to accept the notion that the...

Crypto traders to pay 15% of their gains as tax in Thailand

Jan 07 2022 Published at CryptoSlate under tags  bitkub crypto tax taxes thailand zipmex

The Republic of Thailand has broken the news that crypto traders in the country will now have to pay a capital gain tax of 15%, on all of their crypto trades. Thailand introduces new crypto tax law On January 6th, the Bangkok Post disclosed that the Thailand Finance Ministry reported that players in the crypto industry such as investors and mining...

Moneygram invests in crypto atm operator, buys 4% stake

Jan 07 2022 Published at CryptoSlate under tags  adoption

One of the major reasons investors keep flocking to crypto is the enormous potential the space has. While institutional investors dominated the space in 2021, it appears they have continued in the same vein in this new year. The latest institutional investor to enter the fray is Moneygram International who recently invested in Coinme, a cryptocurrency ATM operator....

Jan 06 2022

Ethereum outperformed Bitcoin throughout 2021

Jan 06 2022 Published at CryptoSlate under tags  trading

It is an unarguable fact that Bitcoin and Ethereum are the two biggest cryptocurrencies in the world today. The battle between these two coins dragged on throughout last year and the silent competition between both assets continues to shape the world of cryptocurrency. Ethereum outperformed Bitcoin throughout 2021 To be specific, based on...

Jan 05 2022

Almost $10 billion was poured into crypto funds by institutional investors in 2021

Jan 05 2022 Published at CryptoSlate under tags  analysis investments

There is no doubt that 2021 was a great year for the crypto industry as the space witnessed a level of interest never seen before in its entire history. This could be seen with the level of institutional interest and investment in the space which rose massively within that period. Crypto institutional investments top $9 billion in 2021 CoinShares, in its...

DeFi starts year strongly, TVL rises by 4%

Jan 05 2022 Published at CryptoSlate under tags  algorand analysis cardano chainlink defi

Towards the end of last year, the total value of assets locked in decentralized finance plunged to around $230 billion. However, since that low, the space has seen a steady rise of up to 12% in its TVL, with the first four days of this new year accounting for 4% of the rise — an early indication that DeFi is starting the year...