Popular on-chain analyst Willy Woo says the largest Bitcoin whales are disappearing as a massive distribution phase is underway. In a new interview with crypto analyst Tone Vays, Woo says that humpback whales, or entities holding 10,000 Bitcoin or more, are facing extreme extinction as they have been distributing their large BTC troves since 2012. …
Monthly archives: August 2021
Celsius CEO Still Sees Bitcoin Finishing the Year Between $140,000–$160,000
Alex Mashinsky, CEO of crypto lending platform Celsius, says he’s standing by his prediction of Bitcoin ending 2021 somewhere in the $140,000-$160,000 range. In a new interview with Yahoo Finance, Mashinsky says he sees Bitcoin’s main purpose as being a store of value, rather than another specific utility. ADVERTISEMENT “[Bitcoin’s] main purpose is a …
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New Spanish bill aims to enable mortgage payments in crypto
Spanish lawmakers are backing a new legal initiative to legitimize the cryptocurrency and blockchain industry by proposing a new bill on digital transformation. The new draft bill was introduced by Spanish political party the People’s Party (PP). It aims to drive innovation in multiple industries through regulating emerging technologies such as blockchain and artificial intelligence …
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Panic selling is crypto investors’ biggest mistake, new survey reveals
The importance of storage and passwords is best known by crypto enthusiasts who know how easy it is to lose access to their digital assets. A recent survey conducted by Cryptovantage named “Coin Storage Security: A closer look at crypto storage and passwords” aimed to identify investors’ sentiment toward the safekeeping of their crypto investments. …
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Crypto is a fundamental technological breakthrough, a16z co-founder says
Marc Andreessen, co-founder and general partner at venture capital firm Andreessen Horowitz (also known as a16z), made a case for crypto and blockchain as the most significant new architecture change in the tech industry. In a Bloomberg Wealth interview with David Rubenstein, Andreessen reframed the terms of the debate and shifted away from the talk …
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FBI joins Mirror Trading probe in Africa to help recover US investor funds
Investigations into the South African company Mirror Trading International (MTI) — widely seen as last year’s most ruinous Bitcoin (BTC) Ponzi scheme — are now engaging the United States Federal Bureau of Investigation. MTI, which went into provisional liquidation in December 2020, claimed to have over 260,000 members across 170 countries at its height. It …
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Bitcoin (BTC) Price Prediction: BTC/USD Retraces as Bitcoin Targets $36,000 Low
Bitcoin (BTC) Falls to the Range- Bound Zone as Bitcoin Targets $36,000 Low – August 3, 2021 On July 31,BTC/USD – Daily Chart Buy Bitcoin Now Bitcoin (BTC) has resumed a downward move after the failure of the bulls to continue the upside momentum. The BTC price will only continue the upside momentum when the …
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This new Chainlink (LINK) custom oracle solution is bridging CeFi and DeFi
Decentralized oracle network Chainlink and decentralized real-world asset lending protocol NAOS Finance today announced a partnership to develop a Chainlink oracle solution for financial assets in the primary and secondary markets. “We’re excited to support NAOS in providing their users with tamper-proof data feeds, bringing more access to real-world financial data previously unavailable in the …
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Bitcoin SV (BSV) hit by 51% attack, three malicious chains created
Bitcoin SV (BSV) was hit by a 51% attack last night, leading to over three malicious chains getting created and several blocks getting ‘reorganized,’ data from multiple sources showed. “After an attempted attack yesterday, some serious hashing power was unleashed today at 11:46 AM and attackers are succeeding. Over a dozen blocks are being reorgd …
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Two Masterminds in Last Ditch Effort to Stall Liquidation of MTI
In a last-ditch attempt to stall the sale of Mirror Trading International (MTI) assets, two masterminds of the collapsed bitcoin Ponzi scheme have warned investors that liquidating the investment company will likely result in them being asked to return all withdrawn bitcoins. Opposition to Attempts at Declaring MTI a Ponzi Scheme In a court filing …
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FTX and Entertainment Giant Dolphin to Launch NFT Marketplace
On August 2, West Realm Shire Services Inc., the owner and operator of FTX.US, revealed the company has partnered with film and television production company Dolphin Entertainment. According to the announcement, FTX and Dolphin will be launching a non-fungible token (NFT) marketplace dedicated to sports and entertainment brands. Dolphin Entertainment Partners With FTX.US While non-fungible …
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Two Blockchain-Based Digital Identity Projects Are Being Developed in Argentina
Two blockchain-based digital identity projects are being developed in different regions of Argentina, with different objectives. One of them is directed to improve government-citizen relationships, facilitating these interactions in Misiones. The other one seeks to improve financial inclusion in the region of Gran Chaco. These two initiatives are being organized by Project Didi, an organization …
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Venezuela’s Maduro Wants to Offer Crypto-Based Loans to Agricultural Producers
Nicolas Maduro, president of Venezuela, stated the country could offer cryptocurrency-based loans to the agricultural sector, in addition to the traditional loans in several fiat currencies. He also stated that Venezuela has worked with petro and other cryptocurrencies for three years, pioneering the use of this kind of asset in Latam. Government Hints at Offering …
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Alchemy Pay and Binance Partner to Drive Binance Pay Merchant Integration
press release PRESS RELEASE. Singapore, August 3, 2021 – Binance, the world’s largest crypto exchange, has partnered with crypto-fiat hybrid payment solutions provider Alchemy Pay to build a payment bridge between crypto and fiat through the Binance Pay wallet. Binance Pay is a contactless, borderless, and secure user-to-user cryptocurrency payment feature on the Binance App. …
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Dogecoin Price Dips 1.2% to $0.196 – Where to Buy DOGE Dip
The crypto market is currently retreating from the highs made last week. With bitcoin slumping to $37K, dogecoin has not been spared, and the coin is in the process of erasing last week’s gains. With Elon Musk no longer publicizing dogecoin on Twitter, the buzz surrounding the token seems to be dying down, and so …
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