Bitcoin’s reliance on large-scale mining infrastructure and geographic concentration has been thrown into sharp relief by China’s recent mining crackdown. In May, China announced that it would be getting tough on crypto mining and trading as a response to financial risks. The nation’s crackdown on crypto is not new, rather it’s a reiteration of previous …
Continue reading “China crackdown shows industrial Bitcoin mining a problem for decentralization”
Major cryptocurrency exchange Coinbase has announced users will be able to earn 4% interest on USD Coin through a product the company compared to an alternative to a fiat savings account. In a Tuesday blog post, Coinbase said its users could earn 4% annual percentage yield, or APY, by lending out their holdings for the …
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The world’s largest cryptocurrency trading platform, Binance, has faced regulatory upheaval over the past week as jurisdictions clamped down on the use of unauthorized exchanges and warned citizens against accessing them. For Binance, adopting the moniker of “global exchange” has done very little to appease regulators that require specific licenses to offer financial services to …
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Mexico’s third-richest person has revealed that he is a supporter of Bitcoin and that his bank is working on plans to support the flagship crypto asset. Ricardo Salinas Pliego, the billionaire owner of Grupo Salinas which owns a myriad of different companies, says in a tweet that his bank, Banco Azteca, is looking to be …
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Popular crypto trader and analyst Cantering Clark believes Bitcoin is due for an extended cooldown period before continuing its historic bull run. After a powerful rally to a high of $64,804, Bitcoin took a sharp 50% correction in May following a wave of bad news, including fears of China crackdowns on miners and Tesla restricting …
Analytics firm Santiment is weighing in on the state of Bitcoin and Ethereum as investors wait for the crypto markets to make their next move after a modest bounce in recent days. Santiment highlights two metrics that suggest Ethereum could be at a better-than-average spot for long trades. ADVERTISEMENT The first one is the …
On May 19, the total cryptocurrency market capitalization nosedived by 19% and has since failed to recover to the $1.8 trillion mark. More than 40 days have passed, and investors have begun to question what could happen to altcoins if the current bear market takes longer than expected to recover. Before digging into that, analysts …
Continue reading “Bulls are back, but regulatory fears hamper the DeFi and altcoin recovery”
Cryptocurrency prices surged on June 29 as Bitcoin (BTC) price pushed through the $35,000 resistance level and lifted the total market cap by $93 billion, with $50 billion of that total flooding into altcoins. Bitcoin put on a 7% gain on the day to climb back above $36,000 and leading traders to expect a rally to the …
Continue reading “Altcoins bag double-digit gains as Bitcoin price approaches $37,000”
Cryptocurrency exchange Crypto.com has announced it will partner with Formula 1 in its racing series this year. In an announcement today, Formula 1 said Crypto.com would be the new global and inaugural partner for its 2021 Sprint series, scheduled to begin on July 17. As part of the agreement — which CNBC reported to be …
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Tesla CEO and the world’s second-richest person Elon Musk is backing a proposal that seeks to introduce a new fee structure and policy for Dogecoin (DOGE). The billionaire tells his 57.5 million Twitter followers that it is “important to support” the proposal put forth by core Dogecoin developer Patrick Lodder. ADVERTISEMENT The proposal titled …
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June 29, 2021 – Oslo, Norway IAGON, a startup focused on leveraging blockchain to build a decentralized big data platform, has raised $3.4 million in seed and private funding from a group of reputable crypto-centric investment funds. The funding rounds were led by LedgerLink Labs and saw participation from Blockchain Israel, AU21 Capital, Kirin Fund, …
Continue reading “IAGON Raises $3.4M Funding To Build First Data Platform on Cardano”
Galaxy Digital has issued a $20 million loan to U.K.-based crypto mining company Argo Blockchain for building a data center in West Texas. In a Tuesday announcement from Argo, the firm said it had secured £14 million — roughly $19.4 million at time of publication — in a six-month loan agreement from Galaxy Digital using …
Often a figure of ridicule within the crypto community thanks to his outlandish predictions as well as being a larger-than-life personality, John McAfee has ceased to be in the spotlight of the crypto community. However, following his alleged “suicide” that occurred in a Spanish prison cell on June 23, tributes have been flowing en masse …
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The pseudonymous host of Coin Bureau thinks Ethereum has the potential to surge past $20,000 with the help of an emerging sector of the crypto markets. In a new video, the popular analyst who goes by Guy says that decentralized finance (DeFi) and its ability to replicate the services of traditional finance without the drawbacks …
Seven-time Super Bowl champion Tom Brady and Brazilian supermodel Gisele Bündchen are the latest celebrities to reaffirm the growing adoption of the cryptocurrency industry. West Realm Shires Services, FTX Trading Limited and Blockfolio, three companies behind major global cryptocurrency exchange business FTX, announced Tuesday a long-term partnership with Brady and Bündchen. As part of the …
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