43.7 F
New York
Tuesday, March 2, 2021

Price analysis 1/3: BTC, ETH, ADA, BNB, DOT, XRP, LTC, LINK, XLM, BCH

Bitcoin and most major altcoins are witnessing strong buying at lower levels, indicating the start of a relief rally. Source link

Investor Dan Loeb doing ‘deep dive’ into crypto

Dan Loeb, CEO of New York-based asset management firm Third Point and a well-known figure on Wall Street, has said he is looking into ways to bridge the gap between traditional finance and the crypto space.In a series of tweets to his followers on Monday, Loeb said he had been "doing a deep dive into crypto," referencing a...

Ethereum and DeFi are forcing smart contract platforms to evolve

The decentralized finance movement was a ticking time bomb waiting to detonate when it finally exploded in 2020. From automated market makers to the industry’s current obsession with liquidity mining, DeFi has grown leaps and bounds over the last year.Most decentralized finance applications are deployed on the Ethereum blockchain, bringing billions of dollars onto the network and pushing...

BlockFi clients earn record interest payments in February

Crypto lending firm BlockFi posted another record-breaking month in February, paying out over $35 million in interest to its clients. The interest payments were comprised of 450 in Bitcoin (BTC), 5,000 in Ethereum (ETH) and 6 million in stablecoins, CEO Zac Prince said. Another record breaking month of interest payments for @BlockFi clients in Feb. Over 35M in...

More Bitcoin! Michael Saylor’s MicroStrategy just keeps buying BTC

MicroStrategy’s Bitcoin buying spree shows no signs of slowing after CEO Michael Saylor announced the purchase of another 328 Bitcoin (BTC) on Monday. The acquisition, which was paid for in cash, cost the firm around $15 million and equated to an average coin price of $45,710 at the time of purchase.The investment takes MicroStrategy’s total Bitcoin holdings to 90,859 coins...

Tezos gets new oracle through Wolfram Blockchain Labs integration

Wolfram Blockchain Labs, the cryptocurrency-centric division of the popular computing engine provider Wolfram Alpha, is adding support for Tezos (XTZ) on its platform, providing a two-way interface with the Tezos blockchain.Announced on Monday, the integration adds support for Tezos blockchain data within the Wolfram Language, which allows developers to obtain analytical data from the blockchain. The language specializes...

Tether hit with 500 Bitcoin ransom demand — but says it won’t pay

Hackers have threatened to release sensitive company documents supposedly belonging to USDT stablecoin issuer Tether unless the firm sends a 500 Bitcoin (BTC) ransom to a specified address. As revealed by the official Twitter account for Tether on Feb. 28, hackers purportedly threatened to leak documents that would “harm the Bitcoin ecosystem” if their ransom demands are not...

Fantom brushes off network outage with another 50% price surge

The decentralized smart contract platform Fantom (FTM) continued its resurgent rally to the tune of 50% on Monday, despite a temporary network outage that saw the blockchain stop producing blocks for seven hours. Fantom emerged among the top 100 in the market cap rankings in January — eventually going on a 5,000% run that peaked in late February....

3 reasons Bitcoin recovered by 8% overnight — Key levels to watch next

The price of Bitcoin (BTC) recovered by more than 8% overnight on March 1 following a steep drop during the weekend.There are three reasons the price of Bitcoin recovered swiftly in the past 24 hours. They include the recovering global stock market, rising Coinbase premium, and a typical weekend reversal.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingviewRising global stock...

Gazprom Neft uses blockchain tech to streamline aircraft refueling

Russian oil firm Gazprom Neft's aviation subsidiary — Gazpromneft-Aero — announced Monday that it has completed a successful pilot of its blockchain-based refueling project, Smart Fuel.The new platform was implemented for more than 100 scheduled flights of Russian budget airline Smartavia, operating at the international airport of Murmansk. Alongside Smartavia, the pilot involved major banks VTB and Raiffeisenbank.Dmitry Makarov,...

Whale Alert: $4,500,000,000 in Bitcoin Moved in Historic Transfer – Here’s Who’s Behind the Curtain

Crypto traders are tracking a jaw-dropping Bitcoin transfer of about $4.5 billion in BTC. The movement, which was first detected by the automated ledger tracker BTC Block...

After XRP and Litecoin, Flare Plans To Bring Smart Contract Functionality to Stellar

Ripple-backed blockchain startup Flare Networks is announcing its plans to integrate Stellar Lumens (XLM) into its smart contract platform. In a new tweet, Flare makes the announcement...

Crypto Bull Mike Novogratz Dramatically Increases Bitcoin Price Forecast for End of 2021

Mike Novogratz, CEO of crypto management firm Galaxy Digital, is dramatically pushing up his bullish price prediction for Bitcoin. In a Bloomberg Technology interview, Novogratz shares that...

Ripple-Backed Developer Launches Proposal To Bring Red-Hot NFTs to XRP Ledger

The Founder of Ripple-backed development studio XRPL Labs Wietse Wind is announcing plans to add non-fungible tokens (NFTs) to the XRP Ledger. In a new tweet, Wind...

Here’s how the Purpose Bitcoin ETF differs from Grayscale’s GBTC Trust

Since 2017, investors have been anxiously awaiting a Bitcoin ETF approval as the existence of such a fund was an important symbol of mass adoption and acceptance from the realm of traditional finance. On Feb. 18, the Toronto Stock Exchange hosted the official launch of the Purpose Bitcoin ETF and the fund quickly absorbed more than $333 million in...

Google Finance adds dedicated ‘crypto’ tab featuring Bitcoin, Ether, Litecoin

Google Finance has added crypto prices to the finance.google.com domain. The section, titled “Crypto,” now appears in the “Compare Markets” category alongside conventional stock and currency markets. The section provides key pricing information for various cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).Google Finance users can now track the performance of various cryptocurrencies in...

BTC, BNB, DOT, XEM, MIOTA

Bitcoin (BTC) price has been correcting in the past few days and traders are curious to know whether this is a minor pullback or the start of a deeper decline. The problem is that no one has a crystal ball and analysts can only point to critical support levels that may hold based on historical data and evidence. However, in...

NBA Top Shot leads NFT explosion with $230M in sales

Dapper Labs, the creator of the CryptoKitties game, is helping the National Basketball Association, or NBA, become a magnet for digital collectibles. NBA Top Shot, a marketplace for non-fungible tokens, or NFTs, has generated over $230 million in sales, according to Dapper Labs. NBA Top Shot is built on Dapper’s Flow blockchain, allowing users to purchase “packs” that feature...

OLB Group enables crypto payments for thousands of US merchants

OLB Group (OLB), a New York-based e-commerce merchant service provider, is making it easier for businesses to accept cryptocurrency payments.OLB’s more than 8,500 merchants are now able to accept Bitcoin (BTC), Ethereum (ETH), USDC and DAI at the point-of-sale through the company’s OmniSoft business management platform. Customers wishing to pay with cryptocurrency in-store or through their mobile phones...

Dubai-Based Crypto Fund Selling $750,000,000 in Bitcoin To Buy Two Altcoins

A crypto investment firm with $1 billion in assets under management is selling Bitcoin to boost its position in two of the largest altcoins by market...

Dogecoin hasn’t always been a ‘fun meme coin’

Dogecoin (DOGE) might look like a fun meme coin, particularly as its price has absolutely skyrocketed in 2021. But behind the innocent Shiba Inu dog cartoon are some horrific stories. Those buying the cryptocurrency due to shilling and jokes from Tesla and SpaceX CEO Elon Musk, most likely have no idea of DOGE's early days.DOGE/USD 1-day candle chart...

Transparent stablecoins? Conclusion of Tether vs. NYAG raises new questions

A long-standing legal drama finally found resolution on Feb. 23, with the New York Attorney General’s office announcing that it had come to a settlement with cryptocurrency exchange Bitfinex after a 22-month inquiry into whether the company had been trying to cover up its losses — touted to be worth $850 million — by misrepresenting the degree to...

Bitcoin sell-off over? Strong ‘buy the dip’ signal flashes for the first time in 5 months

The price of Bitcoin (BTC) has dropped to the key $44,000-$45,000 support level on Feb. 28 for the third time in the past week.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingviewThe BTC/USD pair briefly dipped below $44,000 on Bitstamp before paring some of the losses, bouncing back above $45,000 at the time of writing. 'Full rest' for SOPR, funding ratesSome...

Professional traders need a global crypto sea, not hundreds of lakes

Coinbase’s IPO announcement has been hailed as “a milestone for the crypto industry” by Fortune Magazine. Similar to the Netscape IPO announcement that signaled the legitimacy of the internet, Coinbase’s impending public offering signals to the public at large that cryptocurrency trading is legitimate, legal and secure in the eyes of the Securities and Exchange Commission. And now,...

Inverse Finance seizes tokens, ships code: Launches stablecoin lending protocol

Shortly after culling its community of inactive members, one of decentralized finance’s (DeFi) strangest experiments is launching a new stablecoin lending product.On Wednesday Inverse Finance revealed the Anchor Protocol, a money market built around DOLA, a protocol-native synthetic stablecoin. Based on “a modified fork of Compound,” in a blog post Inverse Finance founder Nour Haridy compares Anchor to...

6 Questions for Kain Warwick of Synthetix – Cointelegraph Magazine

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Kain Warwick, the founder of Synthetix.Kain Warwick is the founder of Synthetix, a derivatives liquidity protocol on Ethereum. Synthetix has processed billions...

3 reasons why Reef Finance, Bridge Mutual and Morpheus Network are rallying

As new institutional and retail investors enter the cryptocurrency space on a daily basis, large-cap top performers like Bitcoin (BTC) and Ether (ETH) attract the lion's share of investor's attention as they are the well-known 'secure' blockchain projects. Once these new investors get a taste of the mainstay cryptocurrencies and how to navigate the volatile markets, their attention soon...

Transaction batching protocol Furucombo suffers $14 million “evil contract” hack

The latest “evil contract” exploit has netted an attacker over $14 million in stolen funds. Furucombo, a tool designed to help users “batch” transactions and interactions with multiple decentralized finance (DeFi) protocols at once, fell victim to the attack at roughly 4:45 pm UTC, which centered on token approvals from users. The attacker’s address currently has $14 million worth...

Bitcoin plunges, Ethereum suffers, Musk loses billions

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekIncreasing stock market volatility drags Bitcoin and altcoin prices lowerBitcoin has had an exceptionally trying...

This bullish Bitcoin options strategy lets traders speculate on BTC price with less risk

Historical data shows that it is nearly impossible to consistently predict Bitcoin’s price action and many traders that attempt this end up losing money. Now that Bitcoin trades near $50,000, the ultimate goal for most traders is to hold on to their current holdings and incrementally add to them in a way that is not terribly risky. Options strategies...

Economist warns of dystopia if ‘Bitcoin Aristocrats’ become reality

Not everyone is excited about hyperbitcoinization. According to a popular copy/paste meme, Bitcoin holders are set to become a neo-aristocracy as Bitcoin becomes the dominant world currency: Only $BTC holders will be permitted to the upper echelons of society. Nocoiners will be shunned, socially and financially. At best forced to become servants to the new upper class. At worst...

Here are 6 DEX tokens that have seen exponential growth in 2021

DeFi has steadily grown in prominence over the past year thanks in large part to the strong foundations established by decentralized exchanges (DEX) that enable easy access to the latest tokens and projects. While there have been previous iterations of DEX user interfaces, such as IDEX or Etherdelta, it wasn’t until Uniswap launched that trading in the DeFi network...

Is Bitcoin at risk of another drop below $40K in a historically corrective March?

Bitcoin (BTC) has seen a corrective week as the price dropped from $58,000 to $44,000 in a matter of days. This dropdown caused a panic reaction across the markets as the euphoria was immediately halted.For instance, the Crypto Fear and Greed Index plunged to monthly lows of 56 after being above 90, or "extreme greed" for an entire...

Institutions and miners accumulating through Bitcoin chop; whales uncertain

After a violent price reversal last week that saw Bitcoin retreat from all-time highs, traders and analysts are now eyeing major players and investors to gauge BTC’s next move — and so far the reaction is decidedly mixed.Data from on-chain analytics firm Glassnode indicates that the number of Bitcoin whales — a term for wallets that hold between...

Crypto in a post-pandemic world

Everyone knows the story. When the first block of Bitcoin (BTC) was mined, the protocol itself entered a world of grave economic uncertainty. Not long before the market would hit its lowest point of the 2009 recession, Bitcoin was quietly created, dropped like a life raft alongside a then-sinking economy. The now infamous phrase “Chancellor on brink of...

While Washington dithers, Wyoming and other US states mine for crypto gold

The United States is divided politically these days into red states and blue states, and increasingly, it seems to be fracturing into cryptocurrency-friendly and crypto-wary locales, too. On Feb. 21, it was revealed that San Francisco-based Ripple Labs had registered as a Wyoming business. Wyoming is arguably the most blockchain and cryptocurrency-welcoming state in the United States. Meanwhile, several...

What DeFi needs to do next to keep institutional players interested

The last few months’ frenzy of institutional money flowing into Bitcoin (BTC) has seen crypto hitting the headlines — at the least as a novelty asset, at the most as a must-have. There is undoubtedly a trend in the market toward greater awareness and acceptance of digital assets as a new investable asset class.A June 2020 report by...

Bitcoin price nears $44K as large Coinbase outflows fail to stop the sell-off

Bitcoin (BTC) hit fresh local lows on Feb. 26 despite what appear to be ongoing largescal institutional buy-ins.New lows despite bullish signsData from Cointelegraph Markets and TradingView showed BTC/USD $44,150 during Friday trading — last seen two weeks ago — after a rebound to $50,000 fizzled overnight.Bitcoin had seen good news in the form of asset manager Stone Ridge...

Grayscale’s Bitcoin premium has dropped to record lows below zero

Grayscale Bitcoin Trust ($GBTC) is currently the largest listed cryptocurrency asset with $30.17 billion in assets under management. The firm currently holds more than 655,730 BTC and the security is tradable in the United States through over-the-counter markets.How is GBTC different from a Bitcoin ETF?The fund was launched in 2013 and the Grayscale Bitcoin Trust became the preferred...

Bitcoin price ‘macro top’? Not so fast — Data shows the real FOMO isn’t even here

Bitcoin bears thinking that $58,000 was this cycle's top will be sorely disappointed, fresh investment data from past bull markets shows.Compiled by on-chain analytics resource Whalemap, statistics covering Bitcoin (BTC) buys of between $5 million and $7 million conclude that even at recent all-time highs, Bitcoin was far from a "macro top.""No FOMO in sight" for BTCDuring the 2017...

Belarusian government explores potential move into crypto mining

Belarus is studying the cryptocurrency industry for a potential move into mining digital coins like Bitcoin (BTC).The Ministry of Energy of the Republic of Belarus officially announced Friday that it is actively exploring the pros and cons of cryptocurrency mining. Minister Viktor Karankevich said that the crypto mining industry is rapidly growing all over the world in countries...

FCA releases detailed 5-point plan to make UK a fintech powerhouse

Upon the announcement of the United Kingdom budget for 2020, Chancellor Rishi Sunak commissioned Ron Kalifa to conduct an independent review of the U.K. fintech sector. On Friday, eight months later, the FCA published the 108-page report, and it contains multiple clear guidelines aimed at cementing the U.K.’s position as a fintech powerhouse. Over $95 billion was spent...

Crypto can be lucrative, but make sure you’re ready for the taxman

Hindsight is 20/20, but when money is on the line, being prepared can give investors better foresight. Just over a year and a half ago, Investopedia reported on the panic among many crypto investors who’d found themselves on the wrong side of the taxman. The article read, “Online forums like Reddit are abuzz with posts citing possible scenarios...

Bitcoin price flies solo? Institutional crypto push may be overrated

In the history of financial markets, there are only a few tradable assets that have conquered this frontier. Currently, Bitcoin has the eighth-highest market cap among all tradable assets in the world, including equities and commodities. Among the top 10 exchange-tradable assets, it sits right above Tencent, which Bitcoin flipped on its eventual surge past the $1 trillion...

Komodo launches AtomicDEX beta bringing atomic swaps to Ethereum and Bitcoin

The Komodo project launched on Friday the public beta of its latest product, AtomicDEX. The platform seeks to enable trustless atomic swaps between different blockchains, currently connecting Ethereum and its tokens to blockchains like Bitcoin, Litecoin and Dogecoin.Using atomic swaps allows users to trade directly with the native tokens. Someone buying Ether (ETH) with Bitcoin (BTC) would just exchange...

Delphi Digital launches Labs wing to bolster portfolio company development

Why wait for one of your investments to release a new feature when you can just build it yourself?Delphi Digital’s newly announced expansion aims to do just that. The cryptocurrency investment, media and research company is now adding a Delphi Labs department that will be focused on contributing to Ventures portfolio company development. 0/ We’re happy to announce the...

SEC’s Division of Examinations issues Risk Alert on digital assets

The Security and Exchange Commission's Division of Examinations published on Friday a blueprint for investment managers and institutions on how the division will inspect the handling of crypto assets, or “digital asset securities,” moving forward. The division (formerly the Office of Compliance Inspections and Examinations) is the second-largest wing of the SEC and is tasked with overseeing securities industry...

Loose ends and long dramas, Feb. 19–26

Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.Editor's noteOne day in the not-so-distant future, the curious experience of episodic television with its week-by-week gaps will be a weird thing that old people strain themselves not to talk about around the youths, until they eventually get, like, really...

Blockchain and crypto will challenge current finance, Nigeria VP says

Nigeria’s vice president, Yemi Osinbajo, delivered a speech at an economic summit on Friday in which he spoke positively of crypto and blockchain. “There is no question that blockchain technology generally, and cryptocurrencies in particular, will in the coming years, challenge traditional banking, including reserve banking, in ways that we cannot yet imagine,” Osinbajo said on Friday during the...

NFTs based on STARZ show ‘American Gods’ coming soon from Curio

Curio, a platform which sells non fungible tokens, is helping to bring to life NFTs based on the TV series American Gods. The show is based on a novel of the same name by author Neil Gaiman. “We are working with Fremantle on creating officially licensed digital collectibles for the hit TV show American Gods, which airs on STARZ in...

Increasing stock market volatility drags Bitcoin and altcoin prices lower

The cryptocurrency market faced another day of downward pressure as the unease in the traditional markets continues to spread following the recent interest rate spike on the 10-year U.S. Treasury bond. Data from Cointelegraph Markets and TradingView shows that the price of Bitcoin (BTC) fell to a low at $44,710 late on Feb. 25 before buying at the key...

Alpha Finance Lab rallies after integrating with Compound and Binance Smart Chain

Alpha Finance Lab (ALPHA) experienced a price breakout on Feb. 25 as a series of significant partnerships has brought renewed interest in the cross-chain DeFi platform. Data from Cointelegraph Markets and TradingView shows that following the announcements, ALPHA price surged to $1.78 but Bitcoin's recent struggle to hold $50,000 as support led to a sell-off among altcoins and ALPHA...

Price analysis 2/26: BTC, ETH, ADA, BNB, DOT, XRP, LTC, LINK, BCH, XLM

Bitcoin and most major altcoins remain rangebound with the exception of Cardano. Source link

Cardano is now a top-three cryptocurrency as ADA price soars 27% in 24 hours

Cardano (ADA) received a fresh wave of optimism and buying volume on Feb. 26 that pushed the price of ADA to a new all-time high of $1.29, making Cardano the third-ranked cryptocurrency by market capitalization. Data from Cointelegraph Markets and TradingView shows that ADA surged 27% from a low of $0.98 during the early trading hours on Feb. 26...

Galaxy Digital co-president explains two things deterring institutional crypto buying

In recent months, companies such as MicroStrategy and Tesla have picked up sizable positions in Bitcoin. This trend has not yet become the norm for most companies, however. Damien Vanderwilt, co-president of Galaxy Digital, believes security and taxes may be acting as deterrents for crypto investing. "When we think about the conversations we have with corporates, and institutional clients,...

Fetch.ai spinoff launches decentralized commodities exchange

Mettalex, a spinoff project of Fetch.ai, announced Friday that it has officially launched a decentralized exchange for commodities trading, offering another compelling use case in how blockchain technology was disrupting traditional finance. The new exchange aims to disrupt the commodities market through blockchain applications and other emerging technologies, such as machine learning and IoT. Mettalex has been designed to...

China’s CBDC is about domestic dominance, not beating the dollar

For the past several years, the trade war between China and the U.S. has been at the center of international relations, with technology playing an outsized role.Within crypto, advancing interest in central bank digital currencies has become part of that narrative of geopolitical competition. Many have framed the development of CBDCs in China and the U.S. as a...

Many pieces of the Diem puzzle still missing as launch gets delayed

Back in June 2019, social media giant Facebook released the details for a much-talked-about digital currency platform dubbed “Libra.” These days, Libra is known as Diem, with the project undergoing a significant rebranding in a bid to smoothen regulatory wrinkles.A year and a half later, the Diem Association has yet to launch a digital token with regulatory approval...

DeFi mainstays headline Grayscale’s list of new products under consideration

Want to buy decentralized finance exposure from your stockbroker? Grayscale may be on the cusp of making it a reality. In a press release today, the issuer of popular exchange-traded products such as Bitcoin (BTC)-backed Grayscale Bitcoin Trust announced a list of new assets under consideration — and over a third come from Ethereum’s DeFi ecosystem. Aave, Compound's COMP,...

Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries

Since the start of 2021, Bitcoin (BTC) price has been chasing new highs on a weekly and daily basis. On Feb. 21, BTC reached a new all-time high at $58,300. However, an interesting phenomenon is that even with many global cryptocurrency exchanges in existence, BTC's price can still vary greatly depending on geography.This raises an intriguing question. How...

Elon Musk unfazed by rumored possibility of SEC probe into Dogecoin tweets

Rumors of a possible investigation by the United States Securities and Exchange Commission into Tesla CEO Elon Musk's alleged impact on Dogecoin's price moves have been circulating on social media over the past day — a phenomenon that one Twitterer has quipped is "peak 2021." I hope they do! It would be awesome — Elon Musk (@elonmusk) February 25,...

$97B retail firm uses IBM blockchain to track food supply

IBM’s food-tracking blockchain technology will be used by the Carrefour multinational retail firm to track food supply lines from the farm to the store. An agreement between Majid Al Futtaim — the firm that operates Carrefour in the Middle East — and IBM will see the retail giant use the IBM Food Trust initially to track two food...

FATF updates guidance on crypto service providers, calls for public comments

The Financial Action Task Force says it is set to publish an update to its guidelines on cryptocurrencies and virtual asset service providers; a catch-all term including exchanges, wallet providers, and custody platforms, among others.This updated document will also be made available for public consultation from key stakeholders.According to a circular issued by the FATF on Thursday, the...

Bitcoin needs clear regulations to be less volatile, Bridgewater analyst says

A senior analyst at asset management firm Bridgewater believes that regulation could potentially make Bitcoin (BTC) a good asset for institutional investors.Bridgewater director of investment research Rebecca Patterson claimed that regulatory certainty around Bitcoin would solve some of the cryptocurrency’s biggest problems associated with high volatility and low liquidity.In a Feb. 24 interview with Bloomberg, Patterson said that...

6M noobs have bought coins on Robinhood Crypto already in 2021

Retail-focused trading app Robinhood has revealed the number of new monthly customers buying from its crypto platform this year is 15 times the 2020 average.According to the company’s new report, “Crypto Goes Mainstream,”more than three million new users purchased from Robinhood Crypto in January, with more than 2.9 million new users having bought crypto during February so far....

One of Switzerland’s leading banks now offers crypto trading

Bordier & Cie, a Swiss financial institution operating for more than 170 years, has announced a partnership with digital asset bank Sygnum to allow its customers to purchase crypto assets. The integration with Sygnum’s business-to-business banking platform allows Bordier’s clients to purchase Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Tezos (XTZ). The announcement describes the move as...

More Aussies invest in cryptocurrency than in gold and silver: Survey

A survey of more than 2000 Australian investors has found that cryptocurrency is a more popular investment than gold and silver — but it still has a long way to go to catch up to shares. The poll, conducted on behalf of BTC Markets over the month of February, found that 12.6% of Aussie investors hold Bitcoin or...

Kraken seeks $10B+ valuation in new funding round: Report

Major U.S.-based crypto exchange Kraken is reportedly in talks for a new funding round that could double the company’s valuation to $10 billion, or more.The raise was reported by Bloomberg, who cited anonymous sources claiming Kraken is in discussions with top investors including, Fidelity, Tribe Capital, and General Atlantic.One of the sources estimated Kraken’s valuation could soar as...

Crypto leaders back MIT’s four-year initiative to harden Bitcoin’s security

The Massachusetts Institute of Technology’s Digital Currency Initiative has revealed a new “Bitcoin Software and Security Effort” intended to foster research into bolstering the Bitcoin network’s defenses.The open-source initiative has received support from a diverse group of crypto industry leaders, including Gemini’s Cameron and Tyler Winklevoss, MicroStrategy’s CEO Michael Saylor, Square CEO Jack Dorsey, and major European digital...

Beeple NFT sells for record $6.6M as bidding for ‘Everydays’ at Christie’s hits $2.2M

Buzzy digital artist Mike Winkelmann, aka Beeple, made NFT history yesterday with his piece, “Crossroads”, netting $6.6 million on the secondary market via Nifty Gateway.Like many Beeple artworks, Crossroads was inspired by the 2020 U.S. presidential elections. It was designed to feature one of two animations, depending on the outcome of the election — one a triumphant Trump,...

JPMorgan report endorses 1% allocation to Bitcoin as a hedge

Strategists at Wall Street banking giant JPMorgan have suggested that a one percent portfolio allocation to Bitcoin would serve as a hedge against fluctuations in traditional asset classes such as stocks, bonds, and commodities.A small percentage allocation was advised to mitigate the risk of any large downturns in the digital asset’s value. Bitcoin has declined 20% since its...

Ebang planning to expand business to mine LTC and DOGE

According to an announcement from Chinese mining equipment supplier Ebang, the mining firm’s board passed a resolution on Thursday to establish a Litecoin (LTC) and Dogecoin (DOGE) mining business. Ebang said it will use some of its own rigs in addition to purchasing some from other crypto mining manufacturers. By “leasing computing powers from other mining farms,” Ebang...

British art icon Damien Hirst to accept BTC, ETH payments for print run

Yet another fine art institution is jumping on the crypto bandwagon. British artist Damien Hirst and printmaker HENI Leviathan announced Thursday the release of a print run of eight Hirst paintings, which will be available for purchase with the cryptocurrencies Bitcoin (BTC) and Ether (ETH). According to the announcement, “For the first time, both HENI Leviathan and the artist...

Focus on DeFi ‘fairness’ benefits Holochain, Orion Protocol and Dodo

Bitcoin’s (BTC) strong bull run and the immense popularity of the decentralized finance space have attracted several new investors to cryptocurrencies. A report from Crypto.com shows a massive increase in crypto users as the figure rose from 66 million in May 2020 to 106 million by January this year. Crypto market data daily view. Source: Coin360Contrary to the popular...

Coinbase sent SEC filing to Satoshi in a symbolic gesture

United States-based cryptocurrency exchange Coinbase named Bitcoin creator Satoshi Nakamoto in its recent filing with the Securities and Exchange Commission for a direct listing on the stock market.According to the SEC filing, Coinbase sent copies of its S-1 registration statement — which, if approved, would bring the company closer to having its shares traded on U.S. stock exchanges...

Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high

Non-fungible tokens (NFT) are rapidly becoming a focal point of the cryptocurrency market as evidenced by stories of millions of dollars being raised in minutes for one-of-a-kind tokenized art pieces and rare collectibles that traders rush to get their hands on. One project that has been benefiting greatly from the resurgence of NFTs is Enjin Coin (ENJ), which broke...

Gemini collaborates with The Giving Block and others, adds donations option

United States crypto exchange Gemini has added a way for customers to donate crypto to over 100 nonprofits worldwide via The Giving Block.Gemini now gives customers the option to “Give Back With Crypto,” The Giving Block unveiled in a blog post on Thursday. Available charities range from human rights efforts, to those seeking to provide clean water and...

$580M open interest makes Cardano (ADA) the third largest futures market

On Feb. 3, Cardano conducted a hard fork and successfully integrated the Mary upgrade to the testnet, transforming the blockchain into a multiasset network similar to Ethereum.This event seems to be one of the reasons for the impressive 475% year-to-date rally of ADA, and the altcoin is now causing unexpected ripples in the derivatives markets. Since the end of December 2020,...

Altcoins bounce to new highs as Bitcoin price trades sideways under $50K

The cryptocurrency market recovered some of the losses from the past couple of days on Feb. 25 as Bitcoin (BTC) briefly pushed back above the $50,000 level and multiple altcoins have seen double-digit price gains. Data from Cointelegraph Markets and TradingView shows that Bitcoin bounced off a low of $45,200 late on Feb. 24 before rallying 15% to $52,000...

Jim Cramer thinks GameStop should convert its stores into crypto info centers

With GameStop's stock more than doubling in price over the last two days, CNBC’s Jim Cramer is proposing the brick-and-mortar company change its business model to be more inclusive of cryptocurrencies. Speaking on CNBC’s Squawk Box today, the Mad Money host suggested that he had a plan to "justify the stock price" of GameStop. At the time of publication,...

1inch announces expansion to Binance Smart Chain, plans to run BSC node

As part of a wider exodus, the highest-profile Ethereum-native decentralized finance (DeFi) project yet has announced an expansion to Binance Smart Chain. In a press release today, the 1inch team revealed that they’ve ported 10 million 1INCH tokens (currently worth over $40 million dollars) to BSC. The tokens will be used as a liquidity bridge between Ethereum and BSC,...

Inside the blockchain developer’s mind: Koinos approaches testnet

Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind. In Part Four, Andrew Levine of Koinos Group discusses some of the challenges the team has faced since identifying the key issues they intend to solve.Earlier in this series I outlined three of the...

Bitcoin Cash is on the brink of falling below 1% of Bitcoin’s price

Bitcoin Cash (BCH) holders have no reason to celebrate, despite the 46% year-to-date gains in U.S. dollar terms. One year ago, the altcoin was the third-largest by market capitalization. It now risks dropping out of the top 10, having been surpassed by other cryptocurrencies including Litecoin (LTC) and Chainlink's LINK.BCH/BTC. Source: TradingViewAfter three years of continuous devaluation, BCH...