Popular crypto trader Elliot Wainman thinks one type of blockchain project will serve as the vehicle that brings crypto to the masses. Wainman tells his 342,000 YouTube followers that market movements indicate blockchain gaming projects are the decisive frontrunners of widespread crypto adoption. ADVERTISEMENT “Games are the only thing that I see as truly …
Yearly archives: 2021
DeFi on Bitcoin: Jack Dorsey launches new Square division to make it ‘easy’
Square CEO Jack Dorsey has stated that the firm is building a new division that will focus on building decentralized finance services that utilize Bitcoin. Dorsey made the announcement via Twitter earlier today, and revealed that Square’s new division will be building an “open developer platform with the sole goal of making it easy to …
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PayPal increases crypto purchase limits to $100K
Payment provider company PayPal now allows U.S.-based users to purchase up to $100,000 in crypto weekly. In a Thursday announcement, PayPal said it had increased the crypto purchase limit for certain customers based in the United States from $20,000 to $100,000 per week. The company said the move was aimed at giving users “more choice …
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3 altcoins showing signs of accumulation while Bitcoin price is down
Crypto markets faced another day of struggle on July 15 as the price of Bitcoin (BTC) dropped to its “final support zone” near $31,000, which prompted traders to issue dire predictions about the future should bulls fail to hold this level. Despite the struggles facing the crypto market at large, relatively obscure altcoins like Aavegotchi …
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Rep Tom Emmer introduces bill to provide certainty for digital assets
U.S. congressional representatives introduced a bipartisan bill on July 15 with the goal of providing a clear definition of assets, such as digital tokens and other emerging technologies, under current securities law. Known as the Security Clarity Act, the bill was introduced by Rep Tom Emmer (R-MN), Rep Darren Soto (D-FL), and Rep Ro Khanna …
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The FBI issues warning to cryptocurrency users over growing threat of cybercrime
Several mainstream outlets are pushing the narrative that cryptocurrency is facing a new wave of cybercrime. According to Forbes, this is happening due to the rising valuation of cryptocurrencies. However, with environmental and mining FUD fresh on people’s minds, is this something that deserves special consideration? FBI warns cryptocurrency users of cyber threat The Federal …
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Financial Report Shows Bit Digital Is Transferring 14,500 Bitcoin Miners From China to the US
Following the bitcoin mining crackdown in China, the Nasdaq-listed firm Bit Digital published a second-quarter bitcoin production and mining operations update and noted the company is moving 14,500 bitcoin miners from China to the United States. Bit Digital says after the Chinese government’s decision to ban bitcoin mining, the company “accelerated” its migration strategy to …
University of Cambridge Bitcoin Mining Map Shows China’s Hashrate Dropped to 46%
After the researchers from the Cambridge Bitcoin Electricity Consumption Index (CBECI) project said that the website’s “Bitcoin Mining Map” had not been updated since April 2020, the map has finally been updated. Current data from the mining map shows the coverage goes all the way up until April 2021, and the estimate of China’s hashrate …
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New York Giants’ Saquon Barkley Plans to Convert Endorsement Revenue to Bitcoin
Another pro athlete in the National Football League (NFL) is planning to convert some of his earnings into bitcoin. The 24-year-old running back for the New York Giants, Saquon Barkley, discussed converting his endorsement revenue into bitcoin during a recent interview with the Morgan Creek Digital co-founder Anthony Pompliano. Inflation Concerns Push Saquon Barkley Toward …
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Compass Mining Partners With Oklo to Power Bitcoin Mining Operations With Advanced Fission
Bitcoin mining firm Compass Mining announced the company has entered a 20-year partnership with Oklo Inc., a California-based firm that produces clean, emission-free energy via advanced fission. Oklo explains the company is committed to providing 150 megawatts (MW) of clean power to Compass in order to drive bitcoin mining operations. Advanced Fission and Bitcoin Mining …
Brazil Green Lights First Ethereum ETF in Latin America
The Brazilian Securities Commission (CVM) just approved an exchange-traded fund (ETF) that tracks the performance of Ethereum (ETH). Blockchain investment firm QR Capital, the holding company of QR Asset Management, says the Ethereum ETF will be traded on the country’s stock exchange, B3, with the ticker QETH11. ADVERTISEMENT QETH11 is the first ETF exchange-traded fund …
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Dogecoin Creator Sparks Viral Tweetstorm, Says Crypto Facilitates Dangerous ‘Free for All’ Capitalism
The co-creator of meme cryptocurrency Dogecoin (DOGE) is calling out the entire crypto space as a social ill. In a viral tweetstorm, Palmer, who created Dogecoin in 2013 as a joke with fellow developer Billy Markus, says he thinks the cryptoverse has evolved into something he can no longer support. ADVERTISEMENT According to Palmer, …
Grayscale Teams Up With Banking Giant BNY Mellon in Bid for Bitcoin ETF
Crypto investment giant Grayscale is teaming up with the Bank of New York Mellon Corporation (BNY Mellon) as it awaits approval of its proposed Bitcoin exchange-traded fund (ETF). ADVERTISEMENT The crypto asset manager says in a press release that the New York-headquartered bank will provide fund accounting and administration services for GBTC starting in …
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Unifi Protocol Creates a Combination of DeFi and Blockchain Staking With Acquisition of Multi-Chain Staking Provider
July 15, 2021 – Singapore, Singapore Unifi Protocol is proud to be the first DeFi platform to create a blended ecosystem of DeFi and blockchain node staking rewards. Exisitng nodes on six blockchains will join with Unifi’s existing seven chain DeFi ecosystem. Blockchain validation is a large industry and projected to grow substantially larger as Ethereum …
DoubleLine CEO sees Bitcoin buy moment at $23K, predicts US dollar will drop ‘pretty substantially’
Jeffrey Gundlach, the CEO of investment management firm DoubleLine, implied that Bitcoin could see more favorable activity in the long term than that of the U.S. dollar. In a Wednesday interview on CNBC’s Halftime Report, Gundlach said he believed people would be able to purchase Bitcoin (BTC) for under $23,000 soon given the likelihood of …