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T-Mobile Faces Rep Exodus After SpaceX Spectrum Deal

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T-Mobile stock dropped 5% Monday as EchoStar announced a $17 billion spectrum sale to SpaceX, and also T-Mobile representatives are quitting over aggressive T-Life app mandates. This T-Mobile news highlights dual challenges that are actually facing the carrier right now amid T-Mobile SpaceX competition along with internal transformation struggles. Also Read: GameStop Stock Jumps After GME Earnings Beat and Dividend Warrant T-Mobile Reps Quit as Stock Falls on SpaceX Deal and Digital Shift Source: PhoneArena The market reaction was pretty harsh and reflects concerns about increased competition as T-Mobile SpaceX partnership dynamics shift. T-Mobile shares were hit alongside AT&T and Verizon following EchoStar’s announcement, which created significant news coverage of the spectrum transaction. SpaceX is getting 50 MHz of exclusive S-band spectrum in the United States from this deal, and this allows them direct-to-cell services without having to rely on T-Mobile partnerships any...

XLM bullish ahead of Stellar network upgrade; Meme Moguls gains momentum

Stellar (XLM) is gearing up for the launch of smart contracts on the mainnet. Meme Moguls (MGLS) could be the standout crypto meme project in this market cycle. MGLS price in presale stage 5 is $0.0036, up 89% from the initial $0.0019. Stellar announced on Wednesday that a vote for its highly anticipated software upgrade, the Protocol 20 upgrade, will happen as planned on January 30, 2024. XLM price flipped positive in the past 24 hours as the potential impact of the upcoming network change drives fresh interest. Elsewhere, market confidence in new meme-backed exchange Meme Moguls (MGLS) has seen investors flock to its presale. Find out why XLM and MGLS could be great investment opportunities in 2024 and beyond. Stellar poised for Protocol 20 upgrade In December 2023, the Stellar Development Foundation (SDF) announced that the quest to bring smart contracts functionality to Stellar had hit a new milestone. It was that the network would have its Soroban sma...

Spanish police take down network funding ISIS with crypto

A network of ISIS -supporting jihadists that transacted €200,000 worth of crypto while being funded by criminals in Europe was dismantled by Spanish police this weekend.  According to Spain’s National Police Agency, five people allegedly involved with DAESH terrorists, otherwise known as ISIS, were arrested on Saturday as part of a two-and-a-half-year terrorist investigation. In this period, the group allegedly planned two terror attacks and financed jihadists with crypto through international shipments made from criminal activities within Europe. Police reportedly seized €200,000 in crypto from the group.  One of the arrested individuals was reportedly radicalized in the months before their arrest and was close to carrying out an attack. When police searched their home, they discovered handgun ammunition and an axe. Police added that “Manuals for making explosives, manuals for indoctrination of minors and jihadist propaganda have also been seized from those detained.” ...

Bitcoin network hits block 800,000 milestone, here’s why it matters

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Bitcoin’s (BTC) historic achievement of mining block 800,000 marks a pivotal moment in the leading cryptocurrency’s journey. This milestone signifies that Satoshi Nakamoto’s Bitcoin has completed 867 million successful transactions since its first block as the network gets closer to its fourth halving event.  Bitcoin standing the test of time  Bitcoin (BTC), the pioneering digital currency, has surpassed a significant milestone by mining the 800,000th block . Block 800,000 signifies 867 million confirmed transactions, averaging 1,084 transactions per block , all securely stored within a compact 497 GB block chain.  You might also like: Bitcoin network activity hits a 2-year high due to NFT activity Bitcoin halving and predictions by experts The mining of block 800,000 has brought attention to Bitcoin’s upcoming fourth halving event. The halving process gradually reduces the rate at which new BTCs are issued, further fueling Bitcoin’s scarcity and dist...

NFT marketplace enables cross-chain purchases on multiple networks

Nonfungible token marketplace NFTrade now supports cross-chain purchases on Ethereum, Polygon, Avalanche and BNB Chain. A new feature on nonfungible token marketplace NFTrade allows collectors to purchase items on one network while paying on a separate one. The feature was created through an integration with cross- chain messaging protocol Rarimo, according to a May 23 announcement. Get ready to buy NFTs with ANY crypto on any chain Want an NFT on Ethereum, but only have AVAX on Avalanche?@NFTradeOfficial's Rarimo integration makes it the FIRST-EVER marketplace to support multi-chain payments with ERC20 tokens pic.twitter.com/8cutBCtjQa — Rarimo (@Rarimo_protocol) May 23, 2023 The cross-chain purchases with NFTrade work on Ethereum, Polygon, Avalanche and BNB Chain. For example, if users want to buy an item on Avalanche, they can pay with a currency from any of the other three networks. The protocol will automatically swap the buyer’s tokens on the sending chain for the toke...

India expands national payment network to Singapore: What’s in it for crypto?

One of the banking partners in the cross-border remittance service is also part of the government’s CBDC program. India’s national payment network, called the unified payments interface (UPI), is expanding its services beyond Indian borders to Singapore. The cross-border connectivity between Singapore and India via their respective rapid payment systems, namely PayNow and the UPI. Shri Shaktikanta Das, governor of the Reserve Bank, and Mr Ravi Menon, managing director of the Monetary Authority of Singapore, launched the facility through token transactions using the UPI-PayNow linkage. The UPI-PayNow integration will allow users of the two nations to send money across borders quickly. It is possible to send or receive money from India using only a UPI-id, cellphone number, or Virtual Payment Address for money held in bank accounts or e-wallets (VPA). UPI's instant real-time payment system helps to transfer cash immediately via a mobile interface between the two bank accounts. UPI ...