Rida Fatima

Blog Info Bitcoinist.com
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Stats Has written 11 posts about cryptocurrency

Jan 21 2022

Bitcoin Mining Company Bitfarms Purchases 1,000 Bitcoin

During the first week of January 2022, a Nasdaq-listed Bitcoin mining firm bought 1,000 Bitcoin. Thus, increasing the number of Bitcoins the company holds to 4,300 BTC tokens. In a report released on Monday, the Canadian company announced its purchase of over $43.2 million worth of Bitcoins. This purchase resulted in a 30% increase in their...

Binance To Expand Cryptocurrency Adoption In South Africa By Sponsoring AFCON

Binance, one of the top cryptocurrencies and blockchains, has announced its collaboration with the confederation of African Football (CAF). While cryptocurrency adoption is gaining popularity globally, the continent of Africa seems to have minor participants in digital assets. Several sports activities such as football and basketball are receiving crypto sponsorships and backing to promote the place of digital assets worldwide. However, Binance remains...

Jan 20 2022

Australian Open Partners Decentraland For Official Grand Slam In Metaverse

There is a sudden rise in sponsorship rates from cryptocurrency exchanges and protocol to sports teams and leagues, increasing moves into the Metaverse by several companies and operations....

Dec 03 2021

Nayib Bukele Responds To Bank Of England’s Bitcoin Criticism

El Salvador's bitcoin adoption caused a big stir in the world. It was almost a myth until the coin was signed into law as a means of payment. Then, the simple announcement alone shook the world, and the final launch became a hot topic. To say that many people and organizations came for Nayib is an understatement. The country's president received many insults,...

Nov 27 2021

Ripple To Deploy Climate Friendly National Digital Currency In Partnership With Palau

With the increase in the adoption of digital assets across several mainstreams, some countries are strategizing on moving with the flow. Hence, most countries across the globe are working and experimenting on developing a national digital currency that they can link with their fiat currencies. This is the primary reason for collaboration between the Republic of Palau and Ripple's digital payment network. Through...

Nov 15 2021

Huobi Global To Migrate Spot Trading To Gibraltar After Regulatory Approval

Following the continuous crackdown from regulators across the globe, many crypto exchanges are readjusting their mode of operations. Many brokers have had to shut down some of their operations in countries that seemed relentless in enforcing crypto limitations against operators. One of the exchanges that are constantly making changes is Huobi Global. Houbi Global previously shut down its US services and gave its...

Nov 08 2021

Direxion Files Bitcoin ETF To Enable Speculators Buy Contracts

The ProShares Bitcoin Strategy ETF started trading on October 19, 2021 and recorded above $900 million shares sold to investors the same day. Many speculators opined that investors waited for this opportunity for a long time and couldn't control their eagerness. It is right to say that this approval has encouraged other issuers to push for more products to support the BITO. For...

Oct 28 2021

Polkadot To Introduce $770 Million Fund As Parachain Auction Approaches

Blockchain technology remains the major drive in the decentralization of digital assets. This has led to the emergence of several blockchain networks, each having its unique and distinguishing features. Amongst these blockchains is Polkadot, usually referred to as the blockchain of blockchains due to its multichain nature. Recently, Gavin Wood, the founder of Polkadot, revealed a...

ETP Issuer Valour Set To Provide Exposure To Uniswap (UNI)

Uniswap is one of the top decentralized exchanges in the crypto industry right now. The price shows a 2.50% increase in 24-hour operations, and it stands at number 13 in the CoinMarketCap ranking. This shows that the token is moving towards price growth. Uniswap community is also hopeful that as the exchange gains more exposure, there’ll be more positive trade volume and price...

Oct 20 2021

Nayib Bukele Responds To Steve Hanke Sarcastically As Bitcoin Price Shoots

The price of Bitcoin has always been in a swinging motion that can surge or dip without notification. This confirms the volatile nature of cryptocurrency. El Salvador is one of the countries that has legally adopted BTC as legal tender. However, the first day of implementation of the law in September saw the price of BTC plummet. Nayib Bukele, the President of...

Oct 17 2021

Hackers Are Now Trying To Steal Crypto Via Malicious NFTs

Non-fungible tokens, NFTs, are digital assets that connect ownership to real- world items or objects such as art, music, videos, etc. Though they function with the same blockchain technology as cryptocurrencies, they are not currencies. NFTs are highly speculative and usually sell for millions. However, not every investor should desire them. Ranging from popular memes to pixel cartoons, the popularity of non-fungible tokens has...

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