Nubank partners with PAXOS. Your clients will be able to trade Bitcoin and Ethereum.
The Brazilian digital bank reported that it will be possible to buy and sell cryptocurrencies, specifically Bitcoin (BTC) and Ethereum (ETH) from its application. Nu Holdings Inc., Warren Buffett's Berkshire Hathaway Inc.-backed digital bank, partnered with PAXOS TRUST Co. to enable its 53 million customers to store, buy and sell crypto assets.
BTC reaches $138,000 in UST, with a return of over 300%.
After the UST "stablecoin" hit new lows reaching $0.22, the BTCUST pair reached $138,000 UST rising +300%. The Terra (Luna) cryptocurrency has already lost 94% of its value according to CoinMarketCap data, while TerraUSD (UST) struggles to regain its parity with the US dollar.
TerraUSD (UST) lost parity with the dollar and fell 30% last Monday.
Luna Foundation lends $1.5 billion to save TerraUSD (UST), which shows that the algorithm that maintains parity with the US dollar is not working very well. UST suffered on Monday a "sell-off attack" that gave Terra action for the use of its giant Bitcoin (BTC) reserves to shore up its parity with the dollar. Initial liquid injection measures for TerraUSD (UST) proved insufficient and fell to lows of USD 0.68, according to data shown on CoinMarketCap.
My Cryptocurrency Investing Tip to Help You Make Smarter Decisions
Cryptocurrency photo by RODNAE Productions on Pexels. The cryptocurrency market hasn’t been nice to you lately. Then this may have you wondering if this was the right market to invest in.
Bitcoin (BTC) rejects $40K and falls -10%
Pixabay: WorldSpectrum / Source: CoinMarketCap, TradingView. BTC had an initial rise of 5% after the Federal Reserve announced that it would raise the benchmark interest rate in the United States by 1%. But the rise appeared to be short-lived as Bitcoin failed to break above the $40,000 resistance, causing it to drop to as low as $36,000.
Top 20 Cryptocurrencies Investors Are Buying in 2022
Did you know that as of March 2022, there are over 18465 digital currencies in existence? However, of that list, there are about 10,363 active cryptocurrencies (almost 8000 are inactive or dead). And if you’re like me, you’re probably wondering which are the top 20 cryptocurrencies to invest in.
Are We Already Nearing the End of Crypto Culture?
Though economists largely agree that virtual currency replacing cash is a long-term inevitability, some are questioning the current health of crypto culture. This article is based on corporate postings and accredited media reports. All linked information within this article is fully-attributed to the following outlets:The New York Times, The New York Post, The Economic Times, Data-Driven Investor, Bitcoin Magazine, Ad Week, The Street, and Investopedia.
Who, exactly, is Satoshi Nakamoto?
A person or group known as Satoshi Nakamoto wrote a paper thirteen years ago describing a new software system called bitcoin. Bitcoin is already valued over $1 trillion, and it has ignited a phenomena that proponents believe has the capacity to completely restructure the global financial system.
Economists Predict Cash Will Become Obsolete
Though the year such action is said to be consummated remains in dispute, economists largely agree that cash and credit as we know it will entirely give way to virtual currency.
Fort Worth Becomes the First U.S. City To Mine Bitcoin Inside City Hall – Embracing Technology and Cryptocurrency
Immediately after passing a resolution that it would explore Bitcoin mining, the City of Fort Worth took action. Led by Mayor Mattie Taylor, a small Bitcoin mining farm has now been built in City Hall and three mining machines are now running 24 hours per day, 7 days per week as of April 26!
3 Reasons You May Want to Sell Your Altcoins (Opinion)
Trading cryptocurrenciesPhoto by Behnam Norouzi on Unsplash. The cryptocurrency market has not been favorable to investors lately. Since October last year, cryptocurrency prices fell and continue to trade in an up and down movement.
What Is Altcoin? - Things New Traders Should Know
“Never put all your eggs in one basket” - is the most common advice from professional traders. However, new players often get stuck with diversity. In other words, they do not know much about coins other than Bitcoin.
Bitcoin Could Get a Boost When It Nears a Halving Point
Bitcoin (BTC-USD) is now over the $40,000 mark, going over and under it this past month. Bitcoin is now down over 14.2% so far this year. Today BTC is at $40,914, which is off 14.6% from its prior peak of $47,912 on March 28. Nevertheless, investors might want to take advantage of this weakness, as it is likely to weather the present inflation storm fairly well as a store of value.
Cathie Wood gave a $1 Million Bitcoin price prediction
This is one of the more bullish price predictions on Bitcoin. In her most recent public appearance, Cathie Wood shared her thoughts on Bitcoin. At the Miami Bitcoin Conference, Cathie Wood stated the cryptocurrency would reach over $1 million per Bitcoin by 2030. At the time of this writing, the crypto is in the $42,000 price range.
Is It Safe to Buy Crypto Again? (opinion)
Last fall it seemed like crypto was about to take over the world. With Bitcoin hitting all-time highs, NFTs making waves, and a meme coin pumped by the richest man on Earth — what could go wrong?
New to crypto
Cryptocurrency is gaining popularity as more people learn about the convenience and ease of digitally transferring money. Bitcoin was created in 2009 and has become the most recognized symbol of cryptocurrency. Ethereum being the second largest. Currently there are over 18,000 different crypto coins in existence, that amount is double what was in existence in 2021.
Gov. DeSantis Shares His Enthusiasm for Bitcoin and Cryptocurrency – The State Could Soon Be Accepting Taxes in Bitcoin
At a press conference on March 22, Governor DeSantis announced that high school students in the state will soon be required to take mandatory classes in financial literacy and money management. Many are viewing this as a significant step forwards in helping America's young people to form healthy relationships with money.
Cryptocurrency-Basic Information For A Layman.
All of us listen so much about the cryptocurrency and its usage being done for the various transactions but we still don’t know the basics of this currency and how it is transacted and under which regulatory board or Exchange their indices are maintained. I thought let us discuss the simple basics of the same and try to understand what exactly it is and how it impacts the transactional market internationally. I shall be taking it up in two parts. In today’s part, we shall try to understand the basics and their functioning whereas in part two we shall be discussing the various cryptocurrencies being transacted internationally as per their cumulative market capital captured.
The impact of bitcoin mining in Texas in 2022 and beyond
SXSW 2022 runs from March 11-20, and aside from the music, and food, one of the biggest conversation starters at the annual tech conference and festival are the latest developments in the world of crypto, blockchain, and DeFi. But, how did we get here, and will 2022, be the year that Bitcoin becomes a mainstream payment method used by businesses and consumers all over the world?