👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Ethereum‘s co-founder Vitalik Buterin and Coin Metrics‘ co-founder Nic Carter recently opposed the recent mining ban decision of New York, saying that it’s not okay for governments to decide on what the appropriate usage of electricity is. Carter tweeted that N.Y.’s …
Monthly archives: June 2022
Bitcoin can avoid a 10th consecutive red weekly candle if it closes above $29,422
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Bitcoin can avoid a 10th weekly red candle in a row if it closes above $29,422 on Sunday night, June 5. The past 9 weeks have seen Bitcoin continue to close out the week down on the week before. The previous …
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Bloomberg strategist says Bitcoin will hit $100K by 2025
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Bloomberg’s Senior Commodity Strategist Mike McGlone was recently a guest at Kitco News. He analyzed the current market and argued that Bitcoin will outperform all other assets in the world and hit $100 thousand by 2025. According to McGlone, the great …
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A Newly Published Book Claims to Tell the ‘Real Story Behind Mysterious Bitcoin Creator’
During the last 13 years, a great number of individuals have claimed to be the inventor of Bitcoin, but no single person has been able to prove this to the greater crypto community. At the end of August 2019, a marketing and public relations (PR) agency published a press release that featured a man from …
2TM Group, Parent Company of Mercado Bitcoin, Lays off 90 Workers Amid Market Cool Down
2TM Group, a Latam unicorn and parent company of Mercado Bitcoin, a Latam-based cryptocurrency exchange, has announced it will execute a series of layoffs due to the current market cooldown. The company declared that this action was motivated by the recent global financial scenario changes, making it reconsider its position, and reducing its operative expenses. …
Localbitcoins User Pleads Guilty to Running Unlicensed Crypto Business — Faces Up to 5 Years in Prison
A cryptocurrency trader has been convicted in the U.S. for operating an unlicensed money-transmitting business using Localbitcoins and Paxful. He faces up to five years in federal prison and a possible $250,000 maximum fine. Crypto Trader Pleads Guilty The U.S. Department of Justice (DOJ) continues to take action against crypto traders using services such as …
KryptoPips Creates the World’s First Multi-Broker Rewards Coin to Reward Various Trading Activities and Deliver Client Value
press release PRESS RELEASE. KryptoPips, the world’s first multi-broker rewards coin, allows brokers to reward their clients for participating in various trading activities. As key drivers of customer loyalty, the rewards coins will enable brokers to acquire new customers and maintain existing ones, thereby growing the brand. The reward coins can help boost business and …
The Mystery of Wallet A – Who is the Culprit behind Terra Death?
Terraform Lab’s domestic token Terra (LUNA) and its algorithmic stablecoin Terra USD (UST) collapsed, as disclosed by Jump Crypto (a part of Jump Trading Group) after an investigation behind Terra’s downfall. The collapse was traced down to three specific points by Jump. UST/3CRV transactions were seen in a 75-minute span on Saturday, May 7th. This …
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Kenya’s KenGen plans to allocate surplus energy to crypto miners
Bitcoin mining is a lucrative activity, but it has attracted scrutiny over the years because of the high amount of energy consumed by miners. However, some countries have continued to embrace Bitcoin mining because of the financial benefits. In Kenya, the country’s largest electricity producer, KenGen, has announced plans to attract Bitcoin miners that will …
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India-based crypto exchange launches the first rupee-based index
The global cryptocurrency market has been in turmoil over the past few months. Massive selloffs have plunged the value of different cryptocurrencies across the market, but this has not prevented crypto companies from launching new products. CoinSwitch Kuber, a cryptocurrency exchange based in India backed by Andreessen Horowitz’s a16z, has unveiled an index that will …
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Dubai real estate giant sells a $50M property in crypto
DAMAC, one of the largest real estate companies in Dubai, has announced that it has completed its first real estate property sale in crypto. The property was sold for $50M worth of cryptocurrencies. DAMAC makes its first crypto sale Dubai is fast rising as a primary hub for cryptocurrency activities. Companies operating in the country …
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Brazil’s central banker praises the merits of the country’s CBDC
A recently published paper by the Bank for International Settlements (BIS) quoted Fabio Araujo, an economist at the Central Bank of Brazil, who said that if the country’s central bank is created, it could give the institution more control over people’s money. According to Araujo, some of the functions that could be handled through the …
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Who accepts Bitcoin as payment?
This is a list of some of the biggest places that accept Bitcoin, such as Microsoft and Whole Foods. First, we’re going to take a look at businesses that accept Bitcoin. There are some early adopters, but most of them recently started to accept payments using this digital currency. These major companies are the ones …
6 Questions for Nikki Farb of Headline
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Nikki Farb — an active investor and advisor to technology companies who is currently a venture partner at Headline, …
Bitcoin Addresses Holding 0.01+ BTC Hits a New All-time High Despite General Mood of Fear in the Crypto Markets
Summary: The number of Bitcoin addresses holding 0.01 or more BTC has hit a new all-time high of 10.088 million. The new milestone is despite the Crypto Fear and Greed index hitting an almost record low of 10, hinting that crypto traders are cautious about the short-term future of digital assets. Bitcoin is once again …