Philippine UnionBank Launches Bitcoin Trading
UnionBank, the largest bank in the Philippines, announced the pilot launch of Bitcoin and Ethereum trading and storage services. For the first time, the bank's plans to add such an opportunity became known in January 2022. Then representatives of the institution said that they see the future in a new direction, and services will also cover tokenized bonds.
Safe exchange of cryptocurrencies for cash in Dubai
The digital asset exchange service provides the ability to exchange Tether USDT for cash in Dubai. Now, along with an online exchange, a crypto investor has the option of exchanging Tether USDT for cash in Dubai. Reliability, security, high level of service are far from all the advantages of the platform, which we will talk about. At the office you will be met by managers who will advise on the exchange procedure or on any other issue of interest. For traders who want to save time, there is a convenient service where the procedure for exchanging cryptocurrency for cash takes
The number of bitcoin ATMs in the world exceeded 39,000
The number of cryptocurrency ATMs worldwide has increased to 39,015, according to the Coin ATM Radar service. A year ago, the figure was 25,154. In July, 693 new devices were installed, while in June and May - 790 and 239, respectively. In terms of countries, the United States holds the leading position by a wide margin - 87.9% of the total number of cryptocurrency ATMs are concentrated there. Canada is in second place - 6.3%
Central African Republic Starts Public Sale of Sango Coin
Sango Coin, the national cryptocurrency of the Central African Republic (CAR), has gone on sale, according to information on the Sango project website. About 5% of the tokens allocated for the public sale were sold in the first 24 hours. The public sale began on Monday when 200 million Sango Coins were made available for purchase at a price of $0.10. According to the website, the final listing price will be $0.45. People who want to buy a token need at least $100 in one of the most common cryptocurrencies. Is it Bitcoin, Ethereum (ETH), Binance Coin (BNB), Tether (USDT), USD Coin
Clouds are gradually gathering over the cryptocurrency market
The bankruptcy of The Celsius Network may not only affect its customers, who will have a unique opportunity to never see their money again, this event will also affect the entire industry. The cryptocurrency lending giant owns over 80,000 mining rigs and may now be forced to sell some of those assets to pay off creditors. As a result, prices in the used crypto machine market will drop even more.   The collapse of TerraUSD in May caused decentralized finance (DeFi) platform Celsius to freeze withdrawals, swaps, and transfers between customer accounts due to "extreme market conditions." The company filed for
ProShares will launch the first U.S. reverse bitcoin ETF
Asset manager ProShares has announced plans to launch the first U.S. reverse exchange-traded fund that allows investors to short positions in the cryptocurrency. According to the press release, the ProShares Short Bitcoin Strategy ETF (ticker: BITI) will provide an opportunity to hedge risks and profit from the decline in the price of bitcoin. A subsidiary of ProFunds, in turn, will launch another product, the Short Bitcoin Strategy ProFund (ticker BITIX).