Posted in Crypto News

Customers now allowed to pay premiums in bitcoin by AXA Switzerland.

The announcement was made on Thursday, stating that in partnership with Bitcoin Suisse, there’s now bitcoin payment option for all its non-life products.

This update was a response to demands from customers for a new payment option and its ready to support more payment options, including TWINT, a mobile app-payment solution for the Swiss market.

Posted in Crypto News

Average Transaction fees on the Ethereum blockchain hit record highs.

However, Berlin hard fork, which promises to mitigate gas fees went live today at block number 12,244,000.

The Berlin Network Upgrade will make changes to the Ethereum network and node operators need to make adequate updates.

The Berlin upgrade will incorporate four Ethereum Improvement Proposals (EIPs) – EIP-2565, EIP-2718, EIP-2930 and EIP-1559.

Posted in Crypto News

During an interview with CNBC, Congressman Kevin McCarthy stated that as the cryptocurrency industry continues to grow, same with the mainstream adoption, governmental and regulatory bodies all over the world would want to get involved in controlling cryptocurrencies.

McCarthy highlighted that authorities who had no interest in crypto are now joining the trend.

McCarthy also urged the government to investigate how blockchain might enhance government functionality.

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Ethereum, the second largest cryptocurrency by market capitalization surged to a new all-time high above of $2,500, pushing the overall crypto market valuation farther beyond $2 trillion.

Decentralized Applications built on ethereum smart contracts including the blossoming

Non-fungible Token marketplace are instrumental to increasing the Valuation of Ethereum.

Ethereum has done massively well in the past months alongside other alternative

Posted in Crypto News

Oldest wine shop in America Acker, now accepts Bitcoin payments at wine auctions and retail.

Acker runs weekly online rare and luxury wine auction.

The wine shop now Accepts different Cryptocurrencies also which includes Bitcoin Cash, Ethereum, Dogecoin and fiat-pegged Stablccoins like PAX, Gemini Dollar and BUSD.

BitPay processes the Crypto Payments for Acker. Acker also added Bitcoin and Ethereum to its Acker Markets analytics platform.

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Brian Armstrong said that the crypto industry will create new companies same way the Internet did.

He hinted that many governments were wary about how it would evolve, same way they see crytpo now.

He urged U.S. to have its own CBDC based on the dollar, adding that Coinbase is ready to help governments create digital currencies.

Coinbase is the first major cryptocurrency business to go public in an historic direct listing on the Nasdaq.

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Cardano Blockchain gets ready for the next major upgrade, Alonzo which will enable smart contract capabilities through its native programming Plutus language.

Plutus will be used to write smart contracts in Alonzo upgrade.

These contract has two parts which works On-chain and Off-Chain.

Cardano Alonzo upgrade will happen in 3rd quarter of 2021, with enough time for user testing and quality assurance.

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TIME Magazine Hold Bitcoin

Grayscale partnered with New York-based TIME magazine to create a series of tutorial videos on crypto assets, according to an announcement made by Grayscale’s CEO, Michael Sonnenshein.

Grayscale CEO Sonnenshein also shared that TIME and its president, Keith Grossman, will receive payment in Bitcoin.

TIME plans to retain the Bitcoin it receives from the Partnership in Cryptocurrency, with no intentions of converting to fiat.

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BTC Hits $63,300

Bitcoin’s price skyrockets to a new all-time high of $63,300 and holding steadily at just under $62,800. The Price of the number one Crypto assets by market cap increased by over +4.75% in the last seven days.

Jason Deane, Bitcoin analyst at Quantum Economics, believes that this new price ATH was bound to happen due to market moves, investor choices and increased rate of development.

Posted in Crypto News

Bitcoin ETF Approval Is Imminent

ln an Interview with MarketWatch, Morgan Creek Capital Management, CEO Mark Yusko expressed his confidence that a Bitcoin ETF will finally come to Wall Street.

He partners with Bitwise Asset Management, the San Francisco-based provider of index crypto funds which has increased its assets under management to over $1 billion and recently launched its 10 Crypto Index Fund.

He believes The Bitcoin ETF will be approved as in other countries like Canada and Brazil.