Bitcoin Price Touches $10K Amid 2020’s Macroeconomic Storm and Covid-19 Fears
On May 7, 2020, the price of a single bitcoin crossed $10,000 per unit in USD value as the network only has four days until the halving, otherwise known as the “quantitative hardening” by some investors. The cryptocurrency’s per annum inflation rate...
Decentralized Finance Startup Focused on Bitcoin Cash Raises $1 Million for Expansion
On May 7, the decentralized finance (defi) startup General Protocols revealed the team has raised over $1 million from investors. The creators of General Protocols have introduced innovative projects on the Bitcoin Cash network such as Anyhedge, and have also...
Iran to Cut 4 Zeros From Its Currency Amid Chronic Inflation and US Sanctions
Iranian lawmakers have reportedly approved a plan to slash four zeros from the national currency, the rial, which has been falling sharply in value amid chronic inflation and the U.S. sanctions. The official currency will also be replaced. Economists are skeptical...
Abra Gets $5M Boost from Stellar Enterprise Fund
Crypto app Abra will benefit from a $5 million financial boost from the Stellar Enterprise Fund, as the San Francisco based platform prepares to move its network onto the Stellar blockchain. Bitcoin remittances platform Abra has received a major boost as it is set to...Interesting 13
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