Jeripay can now accept cryptocurrencies as payment
Jeripay, a local Fintech company, announced today that they are collaborating with FCF Pay, a Canadian-based company.
With this partnership, FCFPay will enable Jeripay POS to accept cryptocurrency payments for retailers for their Payment Services Providers.
Bankman-Fried’s FTX in talks to buy South Korea’s Bithumb
According to a report from Bloomberg, FTX is in late-stage talks to potentially acquire Bithumb, which has over 8 million registered users. The conversations have reportedly been in progress for several months.
When asked to confirm or deny the report, an FTX representative said “no comment.” Bithumb has not yet responded to request for comment.
Animoca Brands launches DAO to develop metaverse standards
An alliance of Web3 companies has come together to build an open and borderless metaverse called OMA3, or the Open Metaverse Alliance for Web3. The group says it aims to solve key challenges of the nascent metaverse.
Projects joining the alliance with Animoca Brands include Alien Worlds, Dapper Labs, Decentraland, Star Atlas, and The Sandbox. In addition to Web3 projects already linked to Animoca, the alliance includes DAO framework developer Wivity, virtual reality and game developer Space, and blockchain gaming company Upland.
Large institutions sold $5.5B in BTC since May
Since May 10, as much as 236,237 Bitcoin (BTC), worth $5.452 billion, has been sold by large institutions. Despite the crypto markets seeing tremendous sell pressure from institutions in recent months, the Bitcoin market remains remarkably resilient.
Trading volumes have also remained higher through the 2022 market downturn compared to the peak of the 2017 bull market. On December 17, 2017, Bitcoin’s daily trading volume reached a cycle peak of $12 billion, while daily volume in July 2022 has been above $20 billion.
SHIBA INU surpasses Tron (TRX), rising 12% weekly
According to CoinMarketCap data, SHIBA INU (SHIB) is currently outpacing Tron (TRX) in terms of market capitalization. With a present market valuation of $6.66 billion, SHIBA INU now ranks as the 15th largest cryptocurrency.
SHIB is changing hands at $0.000012, up 12% since the past week. According to WhaleStats, SHIBA INU is facing buying pressure from whales, ranking among the top 10 most purchased tokens among the 2,000 biggest ETH whales in the last 24 hours.
Institutions go long on ether as Ethereum’s ‘merge’ approaches
Crypto market maker Cumberland said institutional investors have been increasing long positions on ether during the cryptocurrency’s rally this week.
The Chicago-based firm tweeted that despite a slight pullback on Thursday morning the up-trend was intact and technicals aren’t being driven by macro-related issues. It also noted that it was seeing increased flows through its OTC desk. Buy and sell ratios had tilted long over the past week, with the buyers being institutional.
Ethereum (ETH) is rapidly outflowing from exchanges
The weekly outflow of altcoins from exchanges renewed its 13-month high. A total of 29,823 ETH were withdrawn during the week, according to Glassnode.
These stats were preceded by another important indicator of the aggregate balance of Ethereum on exchanges, which also updated the four-year low. At the moment, the amount of coins on exchanges is calculated to be valued at 19.1 million ETH.
DeFi token behind Curve Finance jumps 15% amid stablecoin news
Curve DAO Token (CRV), the native token of Curve protocol, has rallied more than 15% over the past 24 hours.
The primary driver behind today’s bullish price action is the upcoming launch of Curve stablecoin. The launch of an over-collateralized stablecoin by Curve was confirmed by Michael Egorov, the Founder of Curve, at a web3 summit.
SHIBA INU partners with longtime Marvel collaborators
The SHIBA INU team has announced a major partnership with The Third Floor (TTF), the busiest visualization company known for working on dozens of Marvel blockbusters.
TTF will help the developers behind the popular meme coin to define virtual environments for the metaverse project, taking control of artistic development.
Dogecoin launches new update to improve security and efficiency
The developers of the Dogecoin (DOGE) project have released a new update for the core software, which improves security, efficiency and user interface.
This latest update, Dogecoin Core 1.14.6, went live early on Thursday, and all the network participants were urged to upgrade to the latest version. The new update comprises numerous security fixes, modifications to the existing fee structure and several new features.