Coinbase and Mastercard partner to revolutionize NFT purchase experience

By Prakash Hariramani, Senior Director, Product Our mission at Coinbase is to increase economic freedom in the world. By enabling more people to join the creator economy and profit from their work, NFTs (Non-Fungible Tokens) have an important role to play in this mission. However, the experience of purchasing an NFT remains complex for many users. …

Bitcoin Millionaires Are Flocking To This North American Tax Haven. But What Do The Locals Think?

Bitcoin has made its own fair share of millionaires and with the recent bull rally, there is no doubt that this number went up drastically. This has led to a number of issues of investors who have made their money off the digital asset, the main one being taxes. A lot of these millionaires have …

Downward DOGE: Descending Dogecoin Pattern Predicts Deadly Drop

Dogecoin has had a dramatic year. Starting only one year ago, DOGEUSD passed the one cent mark and embarked on a meme-fueled moon mission toward $1. It never quite got there, and has been in a downtrend ever since. The downtrend has also since taken a walk down a dangerous path, putting the altcoin in …

70% Of Bitcoin Supply Is In Profit – Why Bulls Need To Defend This Level

On-chain data shows about 70% of the total Bitcoin supply is currently in profit, a level that has historically been important for bulls. Around 30% Of Total Bitcoin Supply Is Now Underwater As per the latest weekly report from Glassnode, the percentage of BTC supply in profit has now fallen off to just 70%. The …

The NFT Investor’s Worst Nightmare: IRS Craves For A Crackdown

Last year, when the NFT Everydays: The First 5,000 Days by Beeple sold at Christie’s for $69.3 million, it catapulted the non-fungible token’s market into the mainstream. A large number of people have invested billions in this industry and the boom is not stopping. Recently, NewsBTC reported an aggressive surge in the NFT trading volume …

Intel To Present Low Voltage, Energy Efficient Bitcoin Mining Chip At Conference

This could be huge. Intel plans to enter the Bitcoin mining space with a cleverly marketed “ultra-low-voltage energy-efficient” ASIC chip. Considering that the chip shortage severely delayed the next generation of ASIC miners, this is tremendous. And, more importantly, it opens up the door for Bitcoin miners manufacturing in the USA. And in the rest …

Microsoft’s massive Metaverse move: Buying Activision for $69B

Microsoft Crop. is acquiring gaming giant Activision Blizzard Inc. for $69 billion as part of a move to ramp up its gaming and Metaverse plans. Activision Blizzard is home to a long list of iconic gaming franchises such as Call of Duty, Overwatch, Candy Crush, World of Warcraft and Tony Hawk’s Pro-Skater. Following the deal, …

Georgian citizens made to swear an oath to stop mining crypto

Residents of Svaneti, Georgia, have reportedly been made to pledge a holy oath they will not mine cryptocurrency in order to deal with energy shortages blamed on Bitcoin mining. The economy of the northwest Svaneti region of Georgia depends on tourism spending, which rose every year from 2000 to 2019 according to Macrotrends. As a …

ELA, API3 and PROM buck the market-wide downtrend by posting a 20%+ gain

Fear and volatility remain the theme of the week as Bitcoin (BTC) continues to face stiff resistance near the $42,000 price level and stock markets were also hard hit on Jan. 18. Investor fear over this year’s proposed rate hikes continue to apply bearish pressure and at the closing bell the DOW was down 530 …

Ethereum Challenger Harmony (ONE) ‘Heavily Bullish’ As Cardano (ADA) Ignites New Market Cycle: Analyst Michaël van de Poppe

Closely-followed crypto analyst Michaël van de Poppe says Ethereum rival Harmony (ONE) looks very bullish as he predicts a new market cycle for Cardano (ADA). Van de Poppe tells his 560,800 Twitter followers that he sees Harmony, a blockchain focused on powering a decentralized economy, taking out its final resistance area and rallying by as …

Cardano (ADA) Launches New Project To Accelerate Decentralized Application Development

The Cardano Foundation is accelerating decentralized application (DApp) development on Cardano (ADA) with the help of EMURGO. In a new announcement, the Cardano Foundation says they are teaming up with EMURGO, the commercial arm of Cardano, to develop a new set of tools to help developers support, maintain, and accelerate DApp growth within the ADA ecosystem. …

Bitcoin Is Harder To Manipulate Than Gold, Says Analyst PlanB – Here’s Why

Quantitative analyst PlanB is unveiling one property of Bitcoin (BTC) that makes it harder to manipulate than gold. In a new interview, the pseudonymous trader tells YouTuber Robert Breedlove that gold’s intrinsic properties make it difficult to physically collect. According to PlanB, vault and insurance costs can run about 1% of a gold collection’s value …

Here’s why Binance Coin is 33% down from its all-time high

Binance Coin (BNB) holders enjoyed a 1,760% rally from $37 to $692 between January and May 2021, but as is customary in crypto, this surge was followed by a 69% correction two weeks later.  From there, it’s been a bit of a rough patch to regain investors’ confidence and BNB failed to produce another all-time …

Intel to reveal new energy-efficient Bitcoin mining ASIC at next ISSCC

Reports indicate that Intel, one of the largest computer processor manufacturers, intends to reveal a new “Ultra-Low-Voltage Energy-Efficient Bitcoin Mining ASIC” known as Bonanza Mine at the upcoming IEEE International Solid-State Circuits Conference in February 2022.  Intel submitted a patent in November 2018 outlining similar ideas for “high-performance Bitcoin Mining.” It is suspected that the processes described …

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