Marathon Digital Holdings, a United States-based crypto mining company, has secured a $100 million revolving line of credit with Silvergate Bank using USD and Bitcoin. According to information provided by Marathon Digital, the mining firm obtained the $100 million credit line from the crypto-friendly bank on Friday. The company will use the credit to purchase …
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Lossless, a decentralized finance (DeFi) security outfit, has assisted in the recovery of 5,152.6 Ether (ETH) siphoned during the Cream Finance exploit that occurred in August. Tweeting on Monday, Lossless identified white hat security expert Pascal Caversaccio as being pivotal to the successful recovery of the siphoned funds. As previously reported by Cointelegraph, DeFi lending …
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This week, United States lawmakers and regulators have stolen much of the spotlight once more. The cryptocurrency-related provisions of the infrastructure bill, a tiny grain of sand in the grand scheme of the omnibus legislation, had all laser eyes glued to the fateful House of Representatives vote — which never happened. There is a sense, …
Continue reading “Law Decoded: Infrastructure woes and benevolent punishments, Sept. 27–Oct. 3”
The apex bank of Nigeria has announced the postponement of the launch of the country’s CBDC project, eNaira. According to a local media report, the bank cited important events lined up in preparation for the country’s 61st Independence anniversary. Nigeria suspends “eNaira” launch Central Bank of Nigeria’s (CBN) Director of Communications, Osita Nwasinobi, on Thursday, …
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Next-generation blockchain live streaming pioneer Theta Labs has released “Theta Video API” a new product for developers that allows them to add a decentralized video to any website or application without any central servers, content delivery, or video hosting software. The move will bring an easy-to-use API to anyone and will deliver to users a …
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Bitcoin’s hashrate has been climbing steadily over the last three months and rose more than 40% after the network’s hashpower was below 90 exahash per second (EH/s) on July 5. The trend has led to a consecutive run of five bitcoin mining difficulty accruals with another increase expected during the next transition. Hashrate Steadily Increases, …
While the price of bitcoin has surged during the first few days of October, the price of the precious metal gold has also increased percentage-wise as the U.S. dollar and the country’s 10-year Treasury yields slid in value this past week. An ounce of fine gold exchanged hands this weekend for $1,760 per unit, up …
press release PRESS RELEASE. October 2021, leading Crypto service comparison site – Cryptowisser, take an in-depth look at the recent crypto ban in China as well as several other countries who legally restrict crypto currency in some way and why. As the Cryptowisser report states, there are over 15 countries where Crypto currency is restricted …
The International Monetary Fund (IMF) is issuing a warning to investors that this year’s crypto boom may pose risks to their financial stability. In a new blog post, the IMF says that even though the industry has grown tenfold since 2020, investors may still succumb to fraudulent crypto assets or abandoned projects as the digital …
Bitcoin (BTC) is headed to what is arguably a mathematically “programmed” all-time high of $200,000 or more, the latest data hints. In a series of tweets on Oct. 4, popular Twitter commentator TechDev highlighted familiar bullish behavior in Bitcoin’s relative strength index (RSI). 2021 Bitcoin RSI simply follows the pattern While still lingering below targets …
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A decade ago, Nike took a proverbial leap into the future of sneakers with their launch of Nike Mag — a fictional concept shoe inspired by the movie Back to the Future Part II. The 1,500 limited edition was so revered for its idiosyncratic self-lacing design, that it wrote itself into sneaker folklore as one …
Continue reading “‘We want to be the brand of the metaverse,’ says RTKFT’s Chris Le”
AXS, the native token of Axie Infinity, a play-to-earn nonfungible token (NFT) game built atop the Ethereum blockchain, rallied more than 100% on a quarter-to-date (QTD) timeframe to refresh a new record high above $155. Nonetheless, the cryptocurrency now risks paring a portion of its recent gains as a key technical indicator, dubbed the relative strength index …
Continue reading “Is Axie Infinity overheating? AXS price hits record high following 100% QTD rally”
South Korean cryptocurrency exchange Upbit will soon halt services for unverified users. On Saturday, the company officially announced a set of changes to its customer verification system in compliance with South Korea’s mandatory Anti-Money Laundering (AML) requirements. According to the announcement, Upbit will start gradually limiting services for unverified users this week, restricting unverified customers from …
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Crypto strategist and trader Michaël van de Poppe says he’s expecting rallies for Chainlink and Tezos as he plots his bottom targets for Cardano and VeChain. In a strategy session, Van de Poppe tells his 132,000 YouTube subscribers that decentralized oracle network Chainlink (LINK) is mirroring its price action late last year when the coin …
Bitcoin (BTC) adoption grows in the auction world, where privacy is a key concern. An anonymous buyer purchased a legendary rally car, driven by iconic rally figures Colin McRae and Carlos Sainz, that was thought to be long lost in an auction for half a million Australian dollars (US$360,000), and reportedly used Bitcoin as a …
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