Bitcoin traders have found a way to use the recently launch Chivo App, the countries own BTC wallet, by El Salvador’s government to make a profit. As part of their BTC Law, this app operates with the second layer payment solution lightning network. Related Reading | Bitcoin Price Smashes Record For Highest Weekly Candle Close Ever …
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Cardano has now lost its spot at the 3rd place on the crypto top 10 as its price had refused to move in accordance with the broader crypto market. While other altcoins had rallied alongside bitcoin, ADA had remained mostly stagnant. Despite the hype created around the project when smart contracts capability was launched last …
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After closing its best highest week since its inception, the bulls remain in control of the price of Bitcoin. At press time, BTC’s price trade at $61,386 with a 3.8% profit in the daily and a 12.3% profit in the weekly chart. BTC moving sideways in the daily chart. Source: BTCUSD Tradingview In the crypto …
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One of Venezuela’s major international airports is making preparations to start accepting Bitcoin as a mode of payment. The Simón Bolívar International Airport has announced arrangements for BTC, DASH, and Venezuela’s oil-pegged crypto token – petro – for airport services. Preparations To Adopt Cryptocurrency As Payment Previously, Venezuelan regional news broadcasting company, El Siglo, reported …
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Bitcoin price is back at levels from earlier in the year, but has yet to set a new all-time high. Last night’s weekly candle close still came with a new broken record for price: the highest weekly candle close in the cryptocurrency’s history. Will the bullish weekly close lead to new highs? If so, will …
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Ghana is working to develop offline capabilities for its forthcoming central bank digital currency (CBDC) in a bid to promote its use across all segments of Ghanan society. According to a Oct. 18 report from Bloomberg, Kwame Oppong, head of fintech and innovation at the Bank of Ghana (BoG), revealed that the country’s digital currency …
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Digital asset manager CoinShares is revealing that institutional capital is piling into Cardano and Polkadot as Bitcoin and the crypto markets march toward all-time highs. In a new report, CoinShares says that inflows into digital asset products totaled $80 million last week. Bitcoin (BTC) accounted for 87.5% with $70 million in inflows, which also marked …
The attorney general of New York is cracking down on two crypto lenders and putting several others on notice. Letitia James says crypto platforms that offer interest on deposits must register with the Office of the Attorney General (OAG) to comply with the state’s Martin Act. ADVERTISEMENT Attorney General James announces in a new …
The growth of layer-two protocols has been one of the major stories of 2021 as the rising popularity of decentralized finance (DeFi) and nonfungible tokens (NFT) have driven transaction costs higher on the Ethereum (ETH) network effectively pricing out many participants. Earlier this year the Polygon network, formerly known as MATIC, emerged as one of …
Continue reading “Arbitrage bot’s spam attack on the Polygon network generated $6,800 per day”
Cryptocurrency asset management firm Mudrex has announced the launch of its new Coin Sets investment vehicle. The new offering allows investors to diversify their asset portfolio across a range of high-performing decentralized finance, or DeFi, assets, as well as nonfungible tokens, or NFT’s. The niche financial model fosters the distribution of risk exposure in what …
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The day the crypto traders have long-awaited is almost here. At the opening bell on Oct. 19, a ProShares futures-based BTC ETF is scheduled to launch and analysts are predicting that additional ETFs will rollout over the coming week. Data from Cointelegraph Markets Pro and TradingView shows that an early morning attempt by bears to …
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The United States Department of the Treasury has issued a review on sanctions and suggested the government do more to develop its infrastructure and policies in regards to digital assets. In an Oct. 18 report, the Treasury Department said the growing use of digital assets was hampering the implementation of sanctions while balancing funds from …
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A closely followed crypto strategist and trader says XRP is gearing up for a possible 50% surge as two low-cap altcoins carve out their bottoms. Pseudonymous crypto analyst Credible tells his 249,100 followers that while XRP briefly traded below his support area of $0.90, it managed to recover a key price level and is now …
The Financial Crimes Enforcement Network (FinCEN) says that over $5 billion worth of Bitcoin (BTC) could have been used to make ransomware payments in the first half of 2021. In a new report analyzing data from January to June 2021, FinCEN scanned hundreds of different crypto wallets used to make ransomware payments and found that …
Digital asset management giant Grayscale is reportedly planning to apply for a spot Bitcoin (BTC) exchange-traded fund (ETF). According to CNBC, the firm is set to file the application with the U.S. Securities and Exchange (SEC) in the coming days. ADVERTISEMENT Citing a person familiar with the matter, CNBC says Grayscale expressed its intention …
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