Oluwapelumi Adejumo

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Stats Has written 80 posts about cryptocurrency

Aug 04 2021

Pantera boss: Upcoming Ethereum catalyst could cause ETH to outperform Bitcoin

Aug 04 2021 Published at CryptoSlate under tags  bitcoin btc defi eth ether

Dan Morehead, the Chief executive officer of Pantera Capital, an American hedge fund that focuses on crypto investments, has said that Ethereum could outperform Bitcoin in the near future. He made this disclosure during a recent interview with...

Aug 03 2021

US banks urged to include Bitcoin, crypto in their plans for this crucial reason

Aug 03 2021 Published at CryptoSlate under tags  bitcoin crypto lending regulation us banks

In a new report titled “Understanding Crypto: What banks need to know,” the American Bankers Association (ABA) has urged banks across the country to partner with crypto firms. The need for banks to partner with crypto firms, according to the report, is due to the increased profitability of the sector and rising client interest. In the...

Jul 29 2021

Fintechs like PayPal are taking note of DeFi, says Uniswap

Jul 29 2021 Published at CryptoSlate under tags  defi exchanges paypal uniswap

Uniswap's growth lead, Ashleigh Schap, has hinted that the company has possible deals in the works with major trading and payments platforms including PayPal, E*Trade, and Robinhood. No official or formal partnerships, however, exist as of today....

Jul 27 2021

Gone are the 100x BitMEX days: FTX, Binance to restrict leverage to ’20x’

Jul 27 2021 Published at CryptoSlate under tags  binance exchanges ftx trading

In a recent effort towards protecting their users from incurring more losses, two leading crypto exchanges, FTX and Binance have announced that their users will no longer have access to leverage their trades by up to 100 times again. Binance, FTX announces leverage cut Sam Bankman-Fried, the CEO of FTX, was the first to make the...

Jul 16 2021

PayPal users can now buy $100,000 worth of Bitcoin, Ethereum, Litecoin, and Bitcoin Cash weekly

Jul 16 2021 Published at CryptoSlate under tags  adoption bitcoin btc investments payments

US financial player PayPal has announced that its users can now purchase as much as $100,000 worth of supported cryptocurrencies via its platform starting this week. As per a statement on July 15, the company has been constantly interacting with its users on...

Jul 13 2021

‘Clean’ Bitcoin (BTC) mining is coming via this Ohio nuclear plant

With China’s current negative stance towards Bitcoin mining plus Elon Musk’s Tesla insistence that they would only accept the digital asset as a payment method only if the mining process of the coin becomes more environmentally friendly, many crypto miners have been left to rue their losses. Some, however, have found this as an...

Bitcoin, Ethereum peer-to-peer volumes in Nigeria continue surging

Jul 13 2021 Published at CryptoSlate under tags  adoption africa bitcoin btc nigeria

Despite the crypto ban in Nigeria, the country has recorded massive growth in its peer-to-peer bitcoin trade volumes in recent times. Available data has revealed that in the month of June, citizens of the...

Jul 12 2021

Diamond auctioned for $12 million worth of crypto at Sotheby’s

Jul 12 2021 Published at CryptoSlate under tags  adoption bitcoin crypto diamond ethereum

Sotheby, a leading auction house, has announced that it has sold a diamond worth $12 million, and its buyer paid in an unspecified cryptocurrency. According to the firm, the diamond is the second-largest pear-shaped diamond, tagged...

Jul 09 2021

New Dogecoin (DOGE) update has this key ‘merit,’ says Elon Musk

Jul 09 2021 Published at CryptoSlate under tags  dogeusd payments people technology

Matt Wallace, a popular proponent of Dogecoin, reminded the Dogecoin community today about an upcoming update that would speed up transactions and make the network even cheaper. It elicited a response from none other than 'Dogefather' Elon Musk. Reminder: The Dogecoin update is coming soon! It will position...

Jul 08 2021

Listed company loses $17 million on Bitcoin. Makes $14 million on Ethereum instead

Jul 08 2021 Published at CryptoSlate under tags  bitcoin btc eth ethereum investments

Meitu, a software tech company based in Hong Kong, has said that it recorded a loss of $17.3 million on its Bitcoin portfolios, while in contrast, it recorded a $14.7 million gain on its Ethereum investment. The software firm...

Jul 02 2021

‘Bitcoin Mining Council’ says 56% of all mining is sustainable

The Bitcoin Mining Council, a self-regulating group they aren’t ‘responsible” that assesses Bitcoin mining companies and mining activities, has revealed the result of its Q2 findings based on electricity consumption and sustainable power...

Algorand (ALGO) is all set to get institutional custodian support via Copper

Jul 02 2021 Published at CryptoSlate under tags  adoption algo algorand copper partnerships

Copper, a crypto custodian firm, has revealed that it will now be offering support to ALGO, the token of Algorand blockchain, and its other product, better known as...

Jun 29 2021

Bitcoin’s ‘biggest buyer’ is seemingly selling BTC, here’s why

Jun 29 2021 Published at CryptoSlate under tags  analysis bitcoin grayscale investments

Lyn Alden, the founder of Lyn Alden Investment Strategy company, a firm famous for providing market research to several individual investors and financial professionals and institutions, argued in a recent tweet that the demise of Grayscale’s neutral arbitrage trade has played...

Jun 28 2021

Mexican billionaire says he’ll hold Bitcoin for 30 years. He’s also bearish on Dogecoin

Jun 28 2021 Published at CryptoSlate under tags  bitcoin investments people

Mexican third-richest man Ricardo Salinas Pliego is holding Bitcoin for the next thirty years, as per comments in a recent interview. He further notes that his bank could start offering Bitcoin banking services to clients and...

Jun 25 2021

4.5 million people will receive $30 Bitcoin ‘airdrop’ in El Salvador, President says

Jun 25 2021 Published at CryptoSlate under tags  adoption btcusd wallets

4.5 million adult citizens will receive an airdrop of $30 Bitcoin (BTC) each from the government of El Salvador, the country's President, Nayib Bukele has announced. El Salvadorans to get a digital wallet...

Jun 24 2021

A Bitcoin ETF is now trading on the Brazilian stock exchange

Jun 24 2021 Published at CryptoSlate under tags  adoption bitcoin bitcoin etf btc exchanges

Today saw the commencement of the trading activity for QR Capital Bitcoin exchange-traded fund (ETF) on the Brazilian Stock Exchange, reports showed. ETFs are regulated and publicly traded financial instruments that track the prices of an underlying asset or...

Jun 23 2021

Bank of Israel uses Ethereum blockchain for upcoming ‘digital shekels’

A report from Israel-based Globes today stated that the apex bank of Israel plans to internally test its upcoming digital shekel on the Ethereum blockchain. Issuing stablecoins on...

Jun 15 2021

African countries leads the pack in Bitcoin ‘peer-to-peer’ trading, data shows

Jun 15 2021 Published at CryptoSlate under tags  adoption africa bitcoin nigeria payments

Available data has shown that African countries are leading the pack when it comes to Bitcoin peer-to-peer (P2p) trading in recent times. According to UsefulTulips, the continent...

Jun 14 2021

Tanzania’s president is now calling for Bitcoin and crypto adoption

Jun 14 2021 Published at CryptoSlate under tags  adoption payments tanzania

In what appears to be the latest move by a sovereign country to embrace cryptocurrency, Tanzania's President Samia Sulhulu has asked the country's Central Bank to start exploring the crypto sector, as per local outlet The Citizen. President of Tanzania...

Jun 12 2021

Community reacts after Dfinity token ICP loses 80% of its value since May

A little over a month ago, crypto enthusiasts woke to a new project on the top 10 rankings of cryptocurrencies by market cap in the form of the Internet Computer Protocol (ICP). The project, run by the Dfinity Foundation, was trading for as high as over $580 and had a trading volume of $500 million, showing that...

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