MoneyGram, one of the leading money transfer companies, pulls the breaks on its partnership with Ripple following the SEC fiasco. …
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Defying Gravity: Why XEM, CRO, and SOL Price are Trending Up Amid Market Downturn
While the market is bearish today, XEM, CRO, and SOL are showing strong resistance and are trending up (Read More) …
Bitcoin Price Drop, An Aftermath of Janet Yellen Calling the Cryptocurrency “Extremely Inefficient”
The crypto market with Bitcoin in the lead is down following comments from Treasury Secretary, Janet Yellen that BTC is mainly used in crime and is inefficient. (Read More) …
DeFi platform hacks itself to safeguard users’ funds
The developers of Primitive, Ethereum-based decentralized finance (DeFi) permissionless options protocol, “whitehacked” their own platform after a severe exploit was discovered today.
The post DeFi platform hacks itself to safeguard users’ funds appeared first on CryptoSlate. …
ETH Price Plunges as Ethereum Gas Fees Make DeFi Unusable
Ethereum’s surging gas fees continue to raise concern—making DeFi all but unusable for the average trader and the ETH price falling drastically to $1,580.63 last night. (Read More) …
Logan Paul NFTs sell $3.5 million worth on first day of release
Logan Paul sells $3.5mn worth of non-fungible tokens (NFTs) on the first day of release.
The post Logan Paul NFTs sell $3.5 million worth on first day of release appeared first on CryptoSlate. …
More Woes For XRP As MoneyGram Suspends Trading On Ripple’s Platform
The United States Securities and Exchange Commission has a long and complex history with the cryptocurrency industry. This has included the prosecution of fraudulent Initial Coin Offerings during the ICO boom a few years ago, the back and forth of the Bitcoin ETF, and the issues surrounding the introduction of crypto-related regulation. The latest of […] …
US treasury secretary recommends digital dollar to Feds
TL;DR Breakdown Janet Yellen asks Federal Reserve to look into digital dollar. Yellen currently against Bitcoin. The newly appointed US treasury secretary, Janet Yellen, has said that it makes sense for the Federal Reserves to look into a digital dollar idea. However, despite being open-minded to a digital dollar idea, the secretary has strong concerns […] …
New South Korean Tax Structure for Crypto Profits Starts Next Year
The South Korean government has been doing significant work to establish a robust tax regime for cryptocurrencies. In its latest development, the government appears to have […] …
India Ban Firms Raising Funds Through IPOs from Holding Cryptos
It is no news that the Indian government is looking to ban cryptocurrencies from its country entirely. However, a new report sheds more light on […] …
$1.5 Billion Liquidated as Bitcoin Price Plunges $5000 In Hours
Bitcoin lost around $5,000 of its dollar value today. This brought the entire market down and resulted in around $1.5 billion in liquidations. …
Carrefour Shoppers in the UAE to Get Farm-to-Shelf Information with Blockchain Technology
Carrefour customers in the United Arab Emirates (UAE) will be able to track the origins of the products with blockchain technology. (Read More) …
Blockchain Transactions Affirm Suspicious Levels of RaaS Interconnectedness
Blockchain transactions confirm the interconnection between four prominent ransomware strains. A good sign for law enforcement to deter illicit money transfers. (Read More) …
Leading crypto ETP issuer 21Shares records $1 billion AUM
TL;DR Breakdown: Leading crypto ETP issuer, 21Shares, has surpassed an AUM of $1 billion. This milestone is coming just a few weeks after the company reported $500 million in AUM. The Switzerland-based leading cryptocurrency ETP (exchange-traded product) issuer, 21Shares, has reported exponential growth in assets under management (AUM). This is somehow another confirmation of deep-pocketed […] …
Ethereum Price Could Fall to $1,750 Over Next Three Days
After failing to hold above $1,900, our price analysis indicates ETH could continue trending downwards over the next three days. (Read More) …
Uniswap’s 2020 UNI Airdrop Now Worth $12,000
Those who held their UNI tokens received through an airdrop back in 2020 are now sitting on roughly $12,000 following the explosive growth of the platform. …
“You might as well have crypto” Elon Musk Responds to Peter Schiff in Gold Vs Bitcoin Debate
Elon Musk, the CEO of Tesla has responded to ardent Bitcoin basher Peter Schiff over his quote “Bitcoin is as BS as Fiat” where Schiff shilled Gold to Musk claiming it is the only reliable asset. However, Musk refuted Schiff’s claims on Gold saying, An email saying you have gold is not the same as
The post “You might as well have crypto” Elon Musk Responds to Peter Schiff in Gold Vs Bitcoin Debate appeared first on Coingape. …
Treasury Secretary Once Again Calls Out Cryptos Role in Illicit Transactions
Janet Yellen, the new Treasury Secretary, has been put in a central role and is expected to push crypto regulations sometime in the next four […] …
Explaining Bitcoin Addresses
In this “Van Wirdum Sjorsnado” episode, the hosts discussed the ins and outs of Bitcoin addresses, including a bug with bech32 addresses.
The post Explaining Bitcoin Addresses appeared first on Bitcoin Magazine. …
First Mover: Bitcoin Meets ‘Torrent’ as Lowly Binance Coin Gets $40B Valuation
Cryptocurrency exchange Binance’s in-house BNB tokens have shot to a $40 billion valuation, ranking them third among digital assets behind bitcoin and Ethereum’s ether. …
Lastbit Launches Two Lightning Payment Apps To Boost Adoption In Europe
With Lastbit Lite and Lastbit Cards, users can move instantly between bitcoin and euros via the Lightning Network.
The post Lastbit Launches Two Lightning Payment Apps To Boost Adoption In Europe appeared first on Bitcoin Magazine. …
Motley Fool to buy $5 million of Bitcoin—but it missed on a potential for $2.5 billion
The wildly popular investment and analysis magazine announced the move yesterday, years after calling Bitcoin a “terrible investment.” The Fool buys Bitcoin “We’re buying $5 million in Bitcoin on our own balance sheet.
The post Motley Fool to buy $5 million of Bitcoin—but it missed on a potential for $2.5 billion appeared first on CryptoSlate. …
Taproot Activation Timeline Set, But Path Unclear
In a recent IRC chat among Bitcoin’s development community, a timeline for activating Taproot was determined, though questions remain.
The post Taproot Activation Timeline Set, But Path Unclear appeared first on Bitcoin Magazine. …
Nvidia Redesigns Graphics Cards to Limit Their Use in Ethereum Mining
Nvidia is also launching Cryptocurrency Mining Processors (CMP) specifically for Ethereum miners. …
Sweden’s Riksbank says there is no possibility for a cash-like CBDC
World’s oldest central bank, Sweden’s Riksbank, asserts that the central bank digital currencies, CBDC has little or no tendency of performing cash-like features, following a recent Bloomberg report. Thus deduced from its rigorous research and consistent study on the probability of a digital currency. Sweden’s Riksbank has gained eminent recognition in its steadfast research to […] …
Malaysian Bitcoin Mining Gang Stole Over $2M in Electricity, Say Police
Police seized 1,746 bitcoin mining machines across 21 premises in raids this week. …
Chinese Retailer Goes From Bubble Tea to Crypto Mining in Unlikely Pivot
Urban Tea has hired two new executives ahead of its expansion into cryptocurrency mining. …
Robinhood to Allow Deposits, Withdrawals for Cryptos Including Dogecoin
Currently, users of the popular trading app can only buy and sell cryptocurrencies within their Robinhood accounts. …
Mastercard Tapped to Issue Prepaid Cards Linked to Bahamas’ Central Bank Digital Currency
Mastercard has partnered with the Central Bank of The Bahamas and Island Pay to issue prepaid cards that would allow people of Bahamas to instantly convert the Bahamas’ CBDC to cash during purchases. (Read More) …
SEC Arguments against Ripple for XRP Case Are Weak, says Law Official
With the pretrial for the SEC lawsuit against Ripple Labs looming, a joint letter has been presented by both parties to lay out arguments for the case. (Read More) …
Sweden’s Central Bank extends CBDC pilot Launch Till Next Year
RiskiBank, the world’s oldest central bank, has extended its launch date for the testing phase of its central bank digital currency (CBDC), e-Krona. The e-krona […] …
Marscoin coming soon?
TL; DR Breakdown Musk eyes a new digital currency Binance CEO names the coin ‘MarsCoin’ No concrete plans to develop this digital asset yet. Elon Musk’s recent conversation held on Twitter seems to suggest that Dogecoin might not be the only Martian currency when his operation to settle in Mars is substantial enough. As Tesla […] …
MarsCoin: Elon Musk anticipates unknown cryptocurrency
TL;DR Breakdown The creation of MarsCoin will boost the economy on Mars. Elon Musk engages in conversation with Binance CEO Chanpeng Zhao about mystery cryptocurrency. The current world’s richest man, Elon Musk, is in the news again, and this time not about Dogecoin but MarsCoin. As the name implies, the coin is a cryptocurrency that […] …
World’s Largest Asset Manager BlackRock Confirms They’re Looking Into Bitcoin
The Managing Director of the world’s largest asset management company, BlackRock, confirmed they’re looking into Bitcoin. …
Bitcoin’s Price Volatility May Hamper Its Progress Above $50K, JPMorgan Says
The bank’s analysts pointed to gold’s much lower volatility. …
FastBitcoins Gifting Customers 50 Percent Of On-Chain Transaction Fees For Using Lightning
FastBitcoins, which sells BTC via the Lightning Network, will give users half of the on-chain fees they would have incurred for transactions.
The post FastBitcoins Gifting Customers 50 Percent Of On-Chain Transaction Fees For Using Lightning appeared first on Bitcoin Magazine. …
Sports Gambling Website 500.com Acquires Bitcoin Mining Pool BTC.com
Chinese sports lottery site 500.com has acquired major bitcoin mining pool BTC.com.
The post Sports Gambling Website 500.com Acquires Bitcoin Mining Pool BTC.com appeared first on Bitcoin Magazine. …
Bitcoin Mining Farms in Texas Offline From Winter Storm
A rare winter storm in Texas has knocked out most of the bitcoin mining facilities in the Lone Star State. …
SEC v. Ripple (XRP): Settlement at This Point Unlikely as Pretrial Conference Set for February 22nd
The US regulator and Ripple have ruled out the possibility of a settlement in the ongoing legal battle before the trial date. …
Osprey Fund’s Bitcoin Trust Is Now Available to Retail Investors via OTC
The fund is structured similarly to the Grayscale Bitcoin Trust, but aims to compete with lower fees. …