Bitcoin crashes to almost half of it All Time High! . Edge announces Bitcoin card that requires no identification. Celsius halts transactions. Sales force to lunch its own NFT marketplace 'NFT cloud'.
WHAT A WEEK!
-BITCOIN CRASHES TO ALMOST HALF OF IT'S ALL TIME HIGH-
Almost every cryptocurrency, including Bitcoin is now worth half or even less than their all-time highs. Just so you know, Bitcoin, Ethereum and other major cryptocurrencies crashed this weekend, with more than USD 100 billion wiped from the combined crypto market.
Bitcoin tumbled as much as 7% to USD 25,366, at 18-month low. Bitcoin is down more than 43% so far this year (YTD), and is trading far below its record high of USD 69,000, it had hit in November, 2021.
What could be the cause?
The cause of the massive crypto crash could be as a result of a massive sell-off by investors amid heightened inflation fears
-CELSIUS HALTS TRANSFER, SWAP AND WITHDRAWAL DUE TO 'EXTREME MARKET CONDITIONS'-
One degree Celsius lower!
Celsius allows users to deposit their Bitcoin, Ethereum and Tether and receive weekly interest payments. Depending on the time horizon and the token, the platform offers as much as 18% interest a year.
On Sunday evening,Celsius Network, one of the biggest crypto lenders, told customers Sunday evening that it is pausing withdrawals, swap and transfers between accounts.
This move has prompted the price of the firm's token to take a 60% tumble in the past hour to as low as 19 cents.
"We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations," wrote Celsius. Apparently this is due to 'Extreme market conditions'
-EDGE ANNOUNCES BITCOIN CARD THAT REQUIRES NO IDENTIFICATION-
No identification Bitcoin Card- Edge
Not a name, not a phone number, not an email address," Edge co-founder and CEO Paul Puey told Decrypt in an interview. "Definitely not your actual address, nothing. You can create a virtual card in around 15 seconds inside of Edge."
Edge, the company behind the Edge cryptocurrency wallet, announced the launch of a new "Confidential Mastercard" that requires no personal identifiable information to use.
Apparently, the new card is not only for Bitcoin. The users can sell Bitcoin Cash, Dogecoin, Litecoin, and Dash to fund their Edge Mastercard for use at eligible merchants in the United States
Major information about the Edge Mastercard include:
~At launch, the Edge Mastercard will have a daily spend limit of $1,000 and can be used with Apple Pay with Samsung and Google Pay coming later.
~ The option to order a physical card for $20 is coming later this month.
~To fund their account, Edge customers sell their Bitcoin inside their wallet and send the USD to their Edge Mastercard to make purchases instead of sending the funds to a bank account.
~There are no fees to add funds to a card, apparently those who wish to shop at an online store can copy and paste their card's information and add a shipping/billing address to the order.
-SALESFORCE TO LUNCH IT'S OWN NFT MARKETPLACE 'NFT CLOUD'-
Sales force to launch 1 its own NFT marketplace 'NFT cloud'
Customer relations management software "Salesforce" is launching a cloud-based service for creating and selling NFTs.
The aim of the new NFT marketplace is not to seek appreciation of the value of an NFT; rather, it is to seek engagement from NFT buyers. The service is designed for consumer brands that want to sell NFTs for special access, such as admission to an event, rather than for art or trading value.
Apparently, Salesforce clients, who mainly consist of enterprises, will be able to list their NFTs on their own website, while Salesforce will handle details like back-end security, writing of smart contracts, and authentication.
For now, the testing phase of the service will only be available to a few customers pending the official launch in October.
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