Bitcoin (BTC) may be consolidating at $47,000, but longer timeframes show just how significant this week’s mini bull run has been. According to the Golden Ratio Multiplier (GRM) metric, on March 27, BTC/USD reclaimed an essential support zone for securing further upside. Bitcoin exits trendline slump that beat March 2020 GRM is a long-term observational …
Monthly archives: March 2022
The future of cashback: Companies adopts crypto back rewards for card purchases
Receiving cashback from your credit and debit card purchases has been a long-time benefit for credit card users. However, crypto entered the scene as projects start to implement crypto back rewards for card purchases. Back in 2021, BlockFi launched a Visa-backed Bitcoin rewards card as a way to welcome users into the crypto ecosystem. With …
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Ethereum is like the best and worst parts of New York: Grayscale
Digital asset manager Grayscale has published a report on smart contract platforms in which it likens the Ethereum (ETH) blockchain to the best and worst parts of New York City. The report examines the granddaddy smart contract network Ethereum in comparison to newer competing blockchains such as Solana (SOL), Avalanche (AVAX), Polkadot (DOT), Cardano (ADA) …
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Washington state passes bill aiming to expand local blockchain adoption
Three years and one veto after it was first proposed, Washington state Governor Jay Inslee has signed a bill into law today that aims to expand the state’s adoption of blockchain technology across various financial and industrial sectors. The law saw Governor Inslee order the formation of the Washington Blockchain Work Group which will “examine …
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Crypto ownership among Norwegian women doubles, mirroring global trends
The number of women in Norway who own some form of cryptocurrency doubled during 2021, according to a new survey. The survey, conducted by Arcane Research and Ernst & Young found that the rate of female ownership of crypto assets in Norway, surged from 3% in early 2021 to 6% by Mar. 30 of this …
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Quantum computers are many years away from cracking crypto: MIT Tech Review
Condensed matter theory physicist and quantum information expert Sankar Das Sarma has argued in MIT Technology Review that quantum computers remain a very long way away from cracking RSA-based cryptography. RSA-Cryptography utilizes algorithms, codes and keys to securely encrypt private data without interference from third parties or malicious actors such as hackers. An example of …
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Bengal Energy to mine Bitcoin using stranded gas wells in Aussie outback
Canadian oil and gas company Bengal Energy, is dipping its toes into Bitcoin (BTC) mining as a way of utilizing the untapped energy from its gas wells in the far reaches of the Australian outback. According to a report from The Australian, Bengal Energy is set to conduct a pilot program where roughly 70 Bitcoin …
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FCA angers lawmakers by extending crypto compliance deadlines
The UK’s Financial Conduct Authority (FCA) released a notice in 2019, condemning all crypto businesses to comply with their AML/CFT rules by 9 January 2021 and acquire their licenses. However, by December 2020, this deadline was still far from being met. Therefore, the FCA established a Temporary Registration Regime (TRR) so that crypto-asset firms who …
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Luna Foundation Guard (LFG) buys an additional 2,943 BTC for $139M
Luna Foundation Guard has doubled down on its Bitcoin (BTC) strategy after purchasing an additional 2,943.00002511 BTC for $139 million. Data from block explorer Blockchain.com shows the company’s wallet received the BTC in five transactions. Two of these transactions carried 2,943 BTC. Following these purchases, the wallet’s balance rose to 30,727.97959166 BTC. According to Blockchain.com, …
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From April you can mine BTC, HNT and MXC from a 4W handheld device
A couple of days ago, we published an article on Planetwatch. In it, I toyed with the idea of a crypto mining super box that could mine different cryptocurrencies. Well, a few hours after it went live, I received an email from a reader informing me that there was indeed such a device. It is …
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Yield App Passes ‘Proof of Reserves’ Audit to Bolster Safety and Accountability of Deployed Digital Assets
sponsored PRESS RELEASE. Yield App, one of the rising and most trusted digital wealth platforms, recently underwent a thorough ‘proof of reserves’ audit. The inspection was conducted by Armanino LLC, the firm responsible for auditing Kraken – one of the largest and most trusted cryptocurrency exchanges in the world. Yield App passed the audit with …
Leading Derivatives Exchange CME Group Launches Micro Bitcoin and Ether Options
CME Group, one of the world’s largest derivatives marketplaces, has launched micro-sized bitcoin and ether options. “The launch of these micro-sized options builds on the significant growth and liquidity we have seen in our micro bitcoin and micro ether futures,” said a CME executive. CME Now Offers Micro Bitcoin, Ether Options CME Group announced Monday …
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Billionaire Mike Novogratz Says ‘People Have Realized Crypto Is Really Popular’ — Expects Softer Stance From Lawmakers
Billionaire Mike Novogratz says he is much more optimistic about the crypto market now than he was a month ago. He explained that bond sell-offs and increased crypto adoption have boosted the prices of cryptocurrencies, particularly bitcoin. “I think you are going to see the Democrats taking a softer stance,” he added. Mike Novogratz Expects …
IMF: We Need a Lot More Work Done on Crypto Regulation
The International Monetary Fund (IMF) says a lot more work needs to be done on crypto regulation. “We’ve certainly seen an increase in the use of cryptocurrencies before this war, and we’ve seen it happen more in emerging markets than in others,” said the deputy managing director of the IMF. IMF Chief Kristalina Georgieva Pushes …
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Kraken User Claims Bitcoin Lightning Network Is Now Available
The latest report from a Kraken user claims that the much-awaited Bitcoin Lightning Network is now available. Crypto exchange Kraken initially planned to implement the Lightning Network in 2021 but shifted it due to unforeseen delays. The report came from Bitcoin maximalist Mr.Hodl, who took to Twitter to announce that the Lighting Network is now …
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