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Emirati-backed Crypto Price Index Offers New Wealth Management Tools via DeFi

Individuals who want to take part in the Crypto Price Index project can obtain CPI tokens via HotBit. Tokens are sold at an initial price of $5,

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Blockchain technology is quickly gaining traction in the Untied Arab Emirates, with new innovative efforts are being launched to further bridge the gap between traditional finance and cryptocurrencies. Crypto Price Tracker is one such project, as it has the backing of prominent Emirati families.

Focusing on Blockchain in the UAE

Officials in the UAE are paying close attention to developments affecting the blockchain industry – not only is this technology of great interest from a transactional point of view, but it can also serve many different purposes, and streamlining existing frameworks, services, and products will be key points of focus for the years to come.

Solidifying this approach is the launch of the Emirates Blockchain Strategy 2021. This venture aims to leverage the potential of blockchain technology and transform government transactions into more efficient solutions.  In conjunction, there is also the Dubai Blockchain Strategy, which is a much broader plan, as the goal is to ensure Dubai becomes the first city powered by only blockchain technology. Additionally, the local government hopes to bring more happiness to its residents through this approach. 

Existing Projects in Development

To further illustrate the focus on blockchain in the UAE, its Roads and Transport authority has begun developing a vehicle lifecycle management system. Through this platform, manufacturers, dealers, insurance companies, and garages will be able to view transparent records of any vehicle’s history.

Providing transparency is crucial, yet there are other benefits to explore as well; a blockchain-based approach allows for faster and cheaper services, while also boosting the overall trust in vehicles. Data stored on the blockchain will include the current ownership, accident history, and all previous sales of the vehicle. 

The Leap to Cryptocurrency

Kindling an interest in blockchain technology is the main order of focus for the Emirati governments – projects revolving around cryptocurrency are also in development in the region. One such project is the Crypto Price Index. It takes an innovative approach to decentralized finance – or DeFi – to provide unprecedented access to different cryptocurrency markets.

Crypto Price Index spans an index of the top 200 cryptocurrencies on the market today.  Through this platform, users will be able to access different wealth generating opportunities. More importantly, it will bring stability to the otherwise volatile nature of crypto markets vVia its suite of tokens, where the value of investments are not linked to just one asset, but to the average of multiple tokens combined.  

It is this novel approach that earned the attention and collaboration by prominent Emirati families. Given the vast business and financial expertise these families can bring to the table, their involvement is a major boon for the Crypto Price Index project.

CPI is Live on HotBit

Individuals who want to take part in the Crypto Price Index project can obtain CPI tokens via HotBit. Tokens are sold at an initial price of $5, and will give holders a voice in determining the future of the project as a whole. This includes voting on which tokens can be included in the overall CPI Index. 

Owning CPI tokens also gives holders direct access to the minting of CPIX tokens. These latter assets allow for the monitoring of custom cryptocurrency baskets. 
Click here to join the financial revolution, and grab your CPI today

Source: https://themerkle.com/emirati-backed-crypto-price-index-offers-new-wealth-management-tools-via-defi/

Blockchain

Circle K to Host Bitcoin ATMs Across its Convenience Stores

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Major bitcoin ATM operator Bitcoin Depot has inked a long-term partnership deal with convenience store chain Circle K to install Bitcoin kiosks in the United States and Canada.

Bitcoin Depot and Circle K Partner to Install Bitcoin ATMs

Bitcoin Depot announced the deal via a press release on Thursday (July 22, 2021). According to the company, there are more than 700 Bitcoin ATMs already installed in Circle K locations in 30 states across the U.S.

The partnership provides individuals with a more convenient way to purchase bitcoin, thereby encouraging widespread adoption of the flagship cryptocurrency. Bitcoin Depot already has over 3000 BTC ATM kiosks located in almost every state in the U.S. and also allows users to buy more than 30 cryptocurrencies, including BTC, ETH, and LTC.

Speaking on the latest development, Brandon Mintz, CEO of Bitcoin Depot, said that the partnership deal with Circle K enables the crypto ATM company to expand its services internationally. Mintz also said that the installation of the Bitcoin ATMs would grow the number of customers visiting the convenience store chain while providing financial access to “underserved communities.”

Circle K’s Senior Vice President Global Merchandise and Procurement, Denny Tewell, also made a statement, saying:


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“At Circle K, we are passionate about making our customers’ lives a little easier every day, and we are continually looking at ways to enhance their experience in our stores and be their favorite shop for a growing range of needs and occasions.”

Tewell  added:

“Our partnership with Bitcoin Depot further builds on this commitment, giving our brand an important, early presence in the fast-growing cryptocurrency marketplace as a convenient destination where customers can buy Bitcoin.”

Bitcoin ATMs Continue Exponential Growth

The growth of crypto ATMs globally signals an increasing demand for bitcoin and other cryptocurrency assets. According to data from Coin ATM Radar, there are currently 23,915 crypto ATMs in 75 countries, up from 11,665 ATMs recorded in November 2020. This shows that the number of machines has more than doubled in eight months.

Statistics further show that the United States continues to lead with over 21,000 Bitcoin ATM locations, controlling more than 86% of the market. Canada comes second with BTC ATMs installations in 1696 locations, amounting to 6.8% of the world total.

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Source: https://cryptopotato.com/circle-k-to-host-bitcoin-atms-across-its-convenience-stores/

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Jack Dorsey Sees Bitcoin as a Big Part of Twitter’s Future

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Jack Dorsey, the CEO of Twitter – one of the largest social media platforms on Earth – said that Bitcoin will be a big part of the company’s future.

  • Yesterday, July 22nd, Twitter published its Q2 2021 letter to shareholders, as well as its Q2 Earnings Conference Call.
  • During the call, Jack Dorsey discussed many things, but Bitcoin and digital currencies took somewhat of a central stage, especially in light of current events and the fact that he’s been talking about it quite a bit.

I think this [read: Bitcoin] has a big part of our future. I think there’s a lot of innovation above just currency to be had, especially as we think about decentralizing social media more and providing more economic incentive. So I think it’s hugely important to Twitter and to Twitter shareholders that we continue to look at the space and invest aggressively in it. – Said Dorsey.

  • He also stressed on the fact that if there were a global currency of the Internet, Twitter would benefit a lot because it could move quickly with some of its products such as the Tip Jar, Subscription, Commerce, Super Follows, and so forth.
  • The CEO has been quite vocal about the importance of Bitcoin and its mass adoption.
  • Earlier, as reported by CryptoPotato, the CEO revealed that his financial services company, Square, plans to build a hardware Bitcoin wallet to improve and spread its adoption.
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Source: https://cryptopotato.com/jack-dorsey-sees-bitcoin-as-a-big-part-of-twitters-future/

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‘Wolf Of Wall Street’ Jordan Belfort: Elon Musk Is Filthy Rich To Pump And Dump Bitcoin

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Binance CEO CZ Lambasts Tesla CEO Elon Musk For 'Irresponsibly' Manipulating The Crypto Market

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Jordan Ross Belfort, best known as the “Wolf of Wall Street” portrayed by Leonardo DiCaprio, doesn’t believe that Tesla/SpaceX CEO Elon Musk really manipulates crypto prices contrary to countless claims.  

Speaking with Fox Business on Thursday, Belfort posited that Musk is stinking rich to be pumping and dumping dogecoin, bitcoin, or other cryptocurrencies in order to make a quick buck off of it. 

“I like Elon Musk and I think he’s rich enough. He doesn’t have to make an extra few dollars pumping and dumping.”

Jordan Belfort, the former Wall Street penny-stock broker who pleaded guilty to stock market fraud in 1999, explained that while Musk himself might not be pumping and dumping, traders might be using his endorsement and they pump and dump around the hype that the billionaire tycoon creates.

Musk, famous for his odd-timed tweets, has constantly been accused of being a master manipulator. Notably, his tweets on major cryptocurrencies like DOGE and BTC, have sent their prices up and down within seconds.

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At The B Word conference held on Wednesday, Musk shared details of the three cryptocurrencies that he personally owns as well as the cryptos held by his two companies. He also admitted that he might occasionally pump crypto prices, but he doesn’t dump. “If the price of bitcoin goes down, I lose money,” Musk explained.

The Tesla chief went on to state that he is interested in seeing bitcoin succeed — not just getting the price high and cashing out at higher prices.

Belfort, however, maintains that Musk is most likely “inadvertently being used” to pump and dump cryptocurrencies. 

Belfort Is Hoping Bitcoin Price Rips Lower

During his interview, Belfort also affirmed that he is invested in bitcoin (BTC), and ethereum (ETH) and is in it for the long haul. In fact, he hopes the price of the bellwether cryptocurrency falls again to as low as $5K per coin so that he can grab some more.

“I would love it to go lower because I’m a long-term investor so I don’t care if it goes up or down in the short term. I would love it to go back to $5000 and buy a ton of it here and that would be a great thing.”

This image has an empty alt attribute; its file name is a0l8zUyF.png
BTCUSD Chart By TradingView

At the time of publication, the bitcoin price is in the process of attempting a sustained breakout above $32,400 where the price has been hovering for 48 hours or so.

The Wall Street criminal-turned-author also noted that no one actually knows where the price of bitcoin goes next and if anyone says they do, they are definitely lying.

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Source: https://zycrypto.com/wolf-of-wall-street-jordan-belfort-elon-musk-is-filthy-rich-to-pump-and-dump-bitcoin/

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