March 2, 2021

Turkish finance ministry to study cryptocurrency with local regualtors

Regulators are taking a hard look at crypto in Turkey, but local experts welcome the oversight.
March 2, 2021

Crypto Bank Expands in India — Confident Government Will Approve Legitimate Use of Cryptocurrencies

Crypto bank Unicas, a joint venture between Cashaa and United Multi State Credit Cooperative Society, has expanded its operations by opening another physical branch. The bank believes that the Indian government will introduce positive crypto regulation and not impose an outright ban on cryptocurrencies such as bitcoin. New Physical Crypto Bank Branch Opens in New Delhi Physical crypto bank Unicas has opened another branch, Cashaa announced last week. Unicas is a joint venture between crypto banking platform Cashaa and United Multistate Credit Cooperative Society. Noting that this will be the first of many branches in the city, the announcement details: Unicas – the world’s first crypto financial institution with physical branches today opened in India’s capital, New Delhi. Unicas is banking on the Indian government introducing a bill to approve the legitimate use of cryptocurrency. “We are proud to bring […]
March 2, 2021

Thai SEC forced to clarify proposed crypto rules after public backlash

Financial regulators in Thailand may adjust the minimum annual income qualification for crypto investors amid public outrage.
March 2, 2021

En route to $200K? Bitcoin closed February 26% above Stock-to-Flow model price

Bitcoin is actually overshooting the popular S2F model price as the month of March begins.
March 2, 2021

Bitcoin’s compound annual growth is ‘an unheard-of’ 200% CAGR

Bitcoin’s CAGR is unprecedented in the history of finance, data shows, as MicroStrategy gives gold ten years before it’s consumed by cryptocurrency.
March 2, 2021

Cardano (ADA) Price Analysis: Why The Bulls Remain In Control

ADA price extended its rally above the $1.250 resistance and $1.350 against the US Dollar. The price is trading nicely above the $1.200 support and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $1.180 on the 4-hours chart (data feed via Bitfinex). The price is likely to continue higher above the $1.30 unless there is a close below $1.150. Cardano price is trading in a strong uptrend above $1.000 against the US Dollar, similar to bitcoin. ADA price is likely to continue higher towards the $1.50 resistance zone. Cardano Price Analysis Cardano price remained in a strong uptrend above the $1.0000 pivot level against the US Dollar. The ADA/USD pair even gained pace above the $1.20 and $1.250 levels to move further into a positive zone. As a result, the price […]
March 2, 2021

Blockchain sports firm Chiliz to expand in US with $50M investment

Chiliz is setting up a New York office following years of fan token experience in Europe.
March 2, 2021

Crypto.com to sponsor Aston Martin’s Formula 1 team

Crypto.com’s logo to appear on Aston Martin F1 cars in the 2020–2021 season.
March 2, 2021

NY Attorney General warns investors and crypto firms of ‘extreme risks’

New York Attorney General Letitia James has issued an investor alert against the “wild price swings and extreme risk” of crypto trading.
March 2, 2021

Goldman Sachs Brings Back Bitcoin Trading Desk as the Firm Sees Crypto Market Becoming More Mature

Global investment bank Goldman Sachs has brought back its bitcoin trading desk and will start handling bitcoin futures next week. The firm is also reportedly exploring the potential for a bitcoin exchange-traded fund (ETF) and plans to provide a crypto custody service. Goldman Sachs Group Inc. has restarted its cryptocurrency trading desk, Reuters reported Monday, citing a person familiar with the matter. Goldman first set up a cryptocurrency desk in 2018, after a bull run as the price of bitcoin was falling from record highs, muting investor interest in the cryptocurrency. The desk will “begin dealing bitcoin futures and non-deliverable forwards for clients from next week,” the publication conveyed. It will also take on projects involving blockchain technology and central bank digital currencies (CBDCs). The crypto desk will be within Goldman Sachs’ global markets division and will serve as a […]
March 2, 2021

BTC, BCH and BSV: How They Fared in 2020

With the burgeoning cryptocurrency market, there is a lot investors have to study before they choose which one to put their hard-earned money into. Bitcoin being a pioneer in cryptocurrency is a popular choice. However, there are three Bitcoin factions in the market today. Businesses and individual investors need to know about these three and how they fared during the pandemic in order to make a smart decision. How Bitcoin Split into Three   In 2017, the Bitcoin community split over scaling and protocol issues, and Bitcoin Core (BTC) and Bitcoin Cash (BCH) were formed, with BCH on the side of pushing through with Dr. Wright’s vision. But the BCH alliance did not last long, and it soon split again because Bitcoin ABC proponents wanted to stop scaling and change the original Bitcoin protocol to create an anonymous network wherein […]
March 2, 2021

Report: TON investor demands $100M compensation from Durov

Telegram’s TON saga seems far from over, as a disgruntled investor seeks compensation.
March 2, 2021

Ethereum Price Analysis: ETH is Facing Uphill Task Near $1,650

Ethereum price corrected lower towards the $1,300 zone before recovering higher against the US Dollar. ETH price is currently trading well above $1,500 and the 55 simple moving average (4-hours). There was a break a key bearish trend line with resistance near $1,480 on the 4-hours chart (data feed from Coinbase). The pair is likely to continue higher if it clears the $1,650 and $1,700 resistance levels in the near term. Ethereum price is recovering from $1,300 against the US Dollar. ETH/USD must settle above $1,650 to start a strong upward move in the coming sessions. Ethereum Price Analysis After a break below the $1,720 support, Ethereum extended its decline against the US Dollar. ETH broke the $1,500 support zone and it even settled below the 55 simple moving average (4-hours). The price traded towards the $1,300 zone. A low […]
March 2, 2021

MoneyGram faces lawsuit over alleged false statements regarding XRP

Ripple partner MoneyGram alleging the firm issued misleading statements and failed to disclose XRP’s status as an unlicensed security.
March 2, 2021

CBOE files to list Van Eck’s proposed Bitcoin ETF

CBOE is looking to re-enter the crypto sector, filing to list a Bitcoin ETF proposed by asset manager Van Eck.
March 2, 2021

Coinbase custodies 11% of entire crypto capitalization

The custody service of leading U.S. exchange Coinbase now controls more than 10% of the combined crypto asset market cap.
March 2, 2021

Leverage traders ‘flushed out’ by late-February crypto crash: Glassnode

Crypto analytics provider Glassnode argues the late February BTC crash may have been a healthy reset that flushed excessive leverage out of the market.
March 2, 2021

Musician Grimes’ debut NFT auction generates $5.8M in 20 minutes

Acclaimed musician Grimes has made $5.8 million in 20 minutes after auctioning eight tokenized artworks in her first NFT drop.
March 2, 2021

DOGE is now supported at 1,800 ATMs in 45 US states

U.S. citizens can now purchase Dogecoin from ATMs in 45 of the country’s 50 states.
March 2, 2021

Crypto Markets Regain Billions, Bitcoin Price Bounces Back 15%, Analyst Says ‘Resurgent Mood In the Air’

The price of bitcoin and a number of digital assets saw significant gains on Monday, as the entire market capitalization of the crypto economy has gained 2.4% in the last 24 hours. Bitcoin’s value passed the psychological $50k zone after hitting a low of $43,021 the day prior on Sunday. Bitcoin (BTC) touched a high on Monday, March 1, at $50,244 per unit at around 7:26 p.m. (ET). At the time of publication, BTC’s overall market valuation is around $926 billion and there’s $22.83 billion in global trade volume. The current price is over 15% higher than the low of $43,021 per unit on February 28. Out of all the crypto-assets in existence, BTC’s market dominance in terms of market valuation against the $1.44 trillion in value is 61.02% today. Bitcoin is still down 8% for the week but is […]
March 2, 2021

Bitcoin price hits $50K after bullish outlook from Citigroup and Goldman Sachs

Bullish maneuvers from MicroStrategy, Goldman Sachs and Citigroup are just a few of the factors backing Bitcoin’s rally back to $50,000.
March 2, 2021

Crypto Payment Service Hashbon Issued its Native Token — HASH

The crypto sector is skyrocketing, once again led by Bitcoin — the world’s largest cryptocurrency which only recently became the first trillion-dollar crypto asset. However, just like Bitcoin […]
March 1, 2021

Matic, xDAI (STAKE) and Loopring (LRC) rally as Ethereum gas fees rise

Soaring Etheruem gas costs are driving investors and protocols to take a closer look at layer-2 solutions like Matic, Loopring and xDai.
March 1, 2021

The Bitcoin Space Is Largely Controlled By a Select Few

The bitcoin space was supposed to be decentralized. One that was controlled by the people that owned it. It was supposed to give people more financial independence and say in their futures. However, light is being shed on an arena that is now largely controlled by a small group of crypto-centered businessmen. Is Bitcoin Remaining Decentralized? As it turns out, more than 95 percent of the world’s total bitcoins are stored within two percent of the world’s crypto accounts. This data comes by way of Flipside Crypto, a research firm that suggests bitcoin is perhaps not as decentralized as it’s been made out to be. Among the top bitcoin influencers are Dan Morehead, the founder of Pantera Capital; Barry Silbert, the founder of Digital Currency Group, and Tyler and Cameron Winklevoss, who currently run the Gemini Exchange in New York. […]
March 1, 2021

BSN and TON Labs to Provide Chinese Developer Community With Unique TON Technology

Thanks to TON Labs, BSN will now be able to produce real-life applications that require a scalable backend and use cases in compliance with China’s regulatory framework while still using an inherently decentralized network to do so. China’s Developers Gain Access to TON Technology China’s Blockchain-based Service Network (BSN) and TON Labs announced today that they have struck a partnership agreement to provide China’s developers with access to TON Technology through BSN’s Open Permissioned Blockchain (OPB) Initiative in order to build applications and create use cases in compliance with Chinese regulatory demands. OPB Initiative is designed for public chains to enter the Chinese market legally. It makes public chains regulatory compliant by removing the mechanism of using cryptocurrencies to pay for gas fees and offering permissioned controls over node deployment. The TON protocol, originally developed by Telegram, was ultimately abandoned […]
March 1, 2021

BTC Balance Sheets: 42 Companies Hold 1.3 Million Bitcoin Worth More Than $65 Billion

Since the company Microstrategy shifted a lot of its treasury reserves into bitcoin, a great number of companies have followed the firm’s lead. According to the web portal, bitcointreasuries.org, data shows that 42 companies are now represented on the list and the businesses hold more than $65 billion worth of bitcoin. The Corporate Bitcoin Stash- 6.43% out of the 21 Million Capped Supply It has become a trend to add bitcoin (BTC) to a company’s balance sheet and the company Microstrategy invoked the trend when the business purchased $250 million worth of BTC. Since then, a great number of companies have followed suit and BTC’s value has skyrocketed as well. For instance, at the end of 2020, 29 firms held around 1.1 million bitcoin worth more than $30 Billion using exchange rates on December 28. Moreover, at the time, the […]
March 1, 2021

Key Bitcoin price indicators signal bulls bought the $43K retest

Bitcoin’s recent 26% drop sent weak hands running for the hills, but derivatives data shows BTC’s setup is still bullish.
March 1, 2021

‘Play by the rules or we will shut you down,’ says NY AG to crypto industry

Letitia James said her office was “sending a clear message to the entire industry.”
March 1, 2021

Cathie Wood: BTC Will Be a Staple Investment

Imagine a world where bitcoin and cryptocurrency just completely took over. There are no more standard financial investment tools, and things like stocks and bonds cease to exist. The entire world is based on cryptocurrency, and everything is paid for in bitcoin. While it may be many years until we reach a society like this, Cathie Wood of ARK Invest thinks we’re heading in that direction. Cathie Wood: BTC Will Replace Bonds In a recent interview, the monetary executive claimed that she’s confident bitcoin will one day replace bonds, and that the currency is going to be a primary staple of many professional portfolios. She says: You think about the traditional 60/40 stock and bond portfolio but look what’s happening to bonds right now. If we’re ending a 40-year secular decline in interest rates, that asset class has done its […]
March 1, 2021

Crypto myth busted: Users haven’t mined Ether using a PlayStation 5 yet

The original report from GizChina said that a software developer had modified the CPU and graphics cards on the new gaming console to mine crypto.
March 1, 2021

CasinoCoin to migrate to XRP Ledger amidst rebranding

CryptoNinjas » CasinoCoin to migrate to XRP Ledger amidst rebranding CasinoCoin, an open-source cryptocurrency project designed for the online gambling industry, recently announced it is under new management. With that, the project will move forward with a rebranding; while also moving its token and platform to the XRP Ledger. Back on January 19th, 2021, the project put out a statement making it clear that there were a number of issues that were making it difficult for CasinoCoin to continue. However, since new management took over in January, the team has now announced that multiple parties have come forward looking to repair relationships and work to take CasinoCoin further. “We have been able to reach new agreements, define a new clear strategy for moving forward. We also secured considerable additional investment funding – led by the Knox Group of Companies in […]
March 1, 2021

Price analysis 1/3: BTC, ETH, ADA, BNB, DOT, XRP, LTC, LINK, XLM, BCH

Bitcoin and most major altcoins are witnessing strong buying at lower levels, indicating the start of a relief rally.
March 1, 2021

Hyperbitcoinization’s Small Minority: Economist Says Bitcoin’s Growing Success Will Lead to Perverse Consequences

Last Sunday, the price of bitcoin touched an all-time price high at $58,354 per unit and surpassed a $1 trillion market capitalization. Bitcoin’s value has dipped since then, but the decentralized crypto asset’s market still captures a large $900 billion valuation. On February 26, the director of the Economic and Social Research Council (ESRC) warned that bitcoin’s growing value and success may lead to a technocratic dystopian society that rivals “the kings and emperors that ruled over empires in centuries past.” Hyperbitcoinization: ‘A Voluntary Transition From an Inferior Currency to a Superior One’ Almost seven years ago back in 2014, Daniel Krawisz wrote about and created the term “hyperbitcoinization,” in order to describe how fiat currencies will rapidly lose value and Bitcoin supplants them. Krawisz explained what demonetization is and one specific type that is often talked about these days […]
March 1, 2021

Despite the Bitcoin Drop, Many Analysts Remain Bullish

Bitcoin has been a major focal point of discussion as of late. The world’s number one digital currency by market cap experienced a record bull run during the month of February, but during the final days of the month, the currency came crashing down and experienced a $10,000 dip. The asset fell from roughly $56,000 per unit to about $46,000, which is what it remains at still. The Latest Bitcoin Slip Hasn’t Caused Many People to Turn Despite this mega drop, the currency still has many advocates, and a lot of analysts and industry experts appear to be coming to the asset’s aid. Michael Saylor, for example, is the leader of MicroStrategy, a software firm and one of the original public institutions to express support for cryptocurrency. The company has purchased more than $4 billion worth of bitcoin in the […]
March 1, 2021

Simplex’s crypto on-ramp integrated into Opera web browser

CryptoNinjas » Simplex’s crypto on-ramp integrated into Opera web browser Simplex, a card processer solution for a fiat-to-crypto onramp, today announced it has partnered with Opera to deliver a crypto onramp solution for users of their popular web browser. As a result of the integration, users will be able to buy and sell cryptocurrency instantly within the privacy-centric Opera web browser. The Simplex-Opera integration allows users to open a cryptocurrency wallet account to acquire cryptocurrency. Opera Crypto Wallet currently supports ETH, BTC, and TRX. The browser also features a built-in VPN and an ad blocker. In December 2018, Opera became the first web3 and blockchain-ready browser when it launched web3 support, dApp explorer, as well as its native crypto wallet in Opera for Android. Since then, Opera’s desktop browser, as well as its Android browser and Opera Touch for iOS, […]
March 1, 2021

Investor Dan Loeb doing ‘deep dive’ into crypto

“Culturally I compare bridging the crypto world with the old as akin to finding a portal between two distinct worlds in the multiverse,” said Dan Loeb
March 1, 2021

Ethereum and DeFi are forcing smart contract platforms to evolve

Smart contract platforms are evolving, with DeFi at the center of it all — but the Ethereum factor is impossible to ignore.
March 1, 2021

Yield App launches new API with its first partner, hybrid liquidity aggregator Finxflo

CryptoNinjas » Yield App launches new API with its first partner, hybrid liquidity aggregator Finxflo YIELD App, a platform for investing in DeFi protocols, announced today it is launching a new API that will allow any financial institution to offer high-yielding DeFi products to their client base. Its first partner, Finxflo, a hybrid liquidity aggregator, will allow its users to invest securely into YIELD App without exiting their platform. Integration Through the YIELD App API integration, Finxflo will allow users holding parked assets sat within the regulated and insured custody, access to quantitative DeFi trading strategies; generating significant annual percentage yield (APY). With this partnership, Finxflo will bring in new capital to both the cryptocurrency market and YIELD App’s platform. “Our new API will offer high-yielding products powered by DeFi for third-party financial institutions and their client base. By unlocking […]
March 1, 2021

Crypto bank opens physical location in India’s capital as potential regulatory ban looms

Unicas is planning to open 50 banks in India by the end of the year, but a proposed bill banning crypto could complicate matters.
March 1, 2021

Horizen to integrate IOTA Oracles on its sidechain protocol Zendoo

CryptoNinjas » Horizen to integrate IOTA Oracles on its sidechain protocol Zendoo Horizen, a technology platform that enables businesses and developers to create their own public or private blockchains, today announced a partnership with IOTA, an open-sourced, feeless data and value transfer protocol. This partnership will extend the functionality of the newly launched IOTA Oracles and introduce oracle capabilities to the Horizen sidechain and scaling protocol, Zendoo. Oracles IOTA Oracles bring off-chain data to decentralized applications and smart contracts on the IOTA network. They are designed to securely bridge the digital and the physical worlds in a decentralized and permissionless way. The initial goal of this partnership is to introduce the IOTA Oracles functionality to Zendoo, Horizen’s completely decentralized and fully customizable sidechain protocol. This integration will happen in two phases: first, Zendoo will incorporate the IOTA Oracles feed into […]
March 1, 2021

Oracle solution Umbrella Network launches successful IDO on Polkastarter

CryptoNinjas » Oracle solution Umbrella Network launches successful IDO on Polkastarter The Umbrella Network, a community-owned oracle solution for powering decentralized finance and blockchain-based applications, announced today that it successfully carried out an initial decentralized exchange offering, or IDO, on Polkastarter. Receiving heavy interest from community members, users, and crypto enthusiasts, the listing of Umbrella’s UMB token on February 9th resulted in one of the largest IDO’s to date on Polkastarter, a cross-chain decentralized exchange (DEX) that is built on the Polkadot network. In conducting its offering, Umbrella took deliberate steps to ensure strong participation at fair prices with a limited concentration of tokens among the largest holders and was rewarded with a strong showing. The company saw its community of unique UMB holders grow to over 6,000 in the four days following the listing — with open staking reaching […]
March 1, 2021

Correction is XMR is not over yet

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex Monero continues correcting after the February rally. On Friday, February 26th, the cryptocurrency is trading at $197. XMR/USD has been falling this week. In the daily chart, Monero is testing 38.2% fibo. The next correctional target within the ascending tendency may be the support at 50.0%, a rebound from which may result in a new wave to the upside. The MACD histogram, as well as its signal lines, continue moving downwards. If we take a closer look at the chart, we will see that in the nearest future the pair may form a correction, which may later be followed by a further uptrend to update the highs. In this case, the upside target may be at $290. As we can see in the H4 chart, Monero has also broken the support level. Judging by […]
March 1, 2021

Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

CryptoNinjas » Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe Toronto-based cryptocurrency exchange company Simply Digital Technologies Inc. (CoinSmart), today announced that it recently closed a CAD $4.5 million (USD $3.55 million) seed round of financing through the issuance of interest-bearing convertible debentures to fuel the expansion of its platform into Europe and support operational updates. Following the pre-RTO financing announcement made earlier this month, this funding round will continue to lay the groundwork for Simply Digital Technologies Inc. proposed reverse takeover (RTO) in the coming months. This RTO will be an arm’s length “Qualifying Transaction” in order to successfully obtain a listing on the TSX Venture Exchange. As one of the first Canadian exchanges to be regulatory compliant with the country’s financial intelligence unit – Financial Transactions and Report Analysis Centre of Canada – CoinSmart prioritizes the […]
March 1, 2021

BlockFi clients earn record interest payments in February

Zac Prince, BlockFi’s CEO, said his company paid out 450 BTC, 5,000 ETH and $6 million in stablecoins last month.
March 1, 2021

Defi on Bitcoin Cash Gets a Boost- Smart Money Startup General Protocols Raises $3 Million from Investors

On March 1, the startup General Protocols announced the company has raised $3 million in a Series A financing round led by a number of strategic investors. General Protocols is the firm behind the Anyhedge protocol, the first decentralized finance (defi) project built on the Bitcoin Cash network. ‘The Untapped Power Behind the Concept of Programmable Money’ The company General Protocols has revealed on Monday the startup has completed a Series A financing round that was funded by a number of investors. News.Bitcoin.com has reported on General Protocols on a number of occasions, as the startup believes “smart contracts on programmable money are the foundation of a multi-trillion dollar shift toward non-custodial and trustless networks.” At the end of December, General Protocols alongside the Detoken decentralized exchange (dex) launched the Anyhedge protocol into the wild. Being the first public defi […]
March 1, 2021

Tezos gets new oracle through Wolfram Blockchain Labs integration

Wolfram Blockchain has fully integrated Tezos, bringing data to and from the blockchain.
March 1, 2021

More Bitcoin! Michael Saylor’s MicroStrategy just keeps buying BTC

Michael Saylor announced MicroStrategy’s acquisition of another $15 million worth of Bitcoin as MicroStrategy continues to dollar-cost-average into BTC.
March 1, 2021

Decentralized Storage Market Launches on Crust Network

PRESS RELEASE. Decentralized storage is a crucial infrastructure in the technical field. With the Filecoin mainnet launch in October of 2020, Filecoin and IPFS are now leading the decentralized storage field. One of the star projects of the IPFS/Polkadot ecosystem, Crust Network proposes to implement key concepts of Filecoin based on the Substrate technical framework within the Polkadot ecosystem, and also address several design and technical issues of Filecoin. After several rounds of internal testing, Crust Network has launched its Decentralized Storage Market on Crust Apps and opened storage functions to users for public testing from the end of February. Crust Preview Network, Apps and DSM Based on the Substrate and PolkadotJS stack, Crust is building a decentralized storage network. Crust uses IPFS as the underlying data storage, retrieval and exchange protocol, and includes layered solutions on storage proof, PoS-derived […]
March 1, 2021

Tether hit with 500 Bitcoin ransom demand — But says it won’t pay

The USDT stablecoin issuer says it received a $23 million ransom demand payable by Monday. The deadline has since passed, and Tether isn’t paying.
March 1, 2021

Central bank digital currency a mixed blessing, says RBI

The Reserve Bank of India has described central bank digital currencies as a mixed bag in its report on currency and finance for 2020 to 2021.
March 1, 2021

China’s Inner Mongolia to shut down crypto mining farms by April

Inner Mongolia drew the ire of Beijing after failing to meet energy efficiency goals.
March 1, 2021

Bullish ‘Great Reset’ for BTC: 5 things to watch in Bitcoin this week

A return to $43,000 worries weak hands but works wonders for broader market health, data shows as Bitcoin bounces.
March 1, 2021

Stablecoin Issuer Tether Says It Is a Victim of a 500 BTC Ransom Demand Infoleak Threat

Just days after the conclusion of its long-running feud with the Office of the Attorney General of New York, Tether says it is now a victim of an extortion attempt. According to the stablecoin issuer, the blackmailers are threatening to release documents they claim “will harm the bitcoin ecosystem” if their demand for the payment of 500 bitcoins is not met. Tether Not Paying the Ransom However, in its statement dismissing the threat, Tether says the blackmailers were attempting to extort money using “forged documents.” According to Tether, the documents purport to show an interaction between Tether personnel and representatives of Deltec Bank. Still, in a Twitter thread, Tether says it will not send the 500 BTC which the blackmailers want to be paid by March 1. The stablecoin issuer also says a formal report about the ransom demand has […]
March 1, 2021

Fantom brushes off network outage with another 50% price surge

With over 3,000% growth since the turn of the year, even a recent network outage couldn’t stop Fantom’s bullish surge.
March 1, 2021

3 reasons Bitcoin recovered by 8% overnight — Key levels to watch next

Bitcoin rebounded by over 8% overnight and there are three key reasons behind the rally, in addition to macro factors.
March 1, 2021

Rakuten’s customers can now use Bitcoin for shopping

Japanese retail giant Rakuten has integrated its crypto wallet with its payment app, enabling consumers to directly load and convert their Bitcoin holdings for use in everyday spending.
March 1, 2021

Bitcoin is at a ‘tipping point’ in international trade, Citi says

Mainstream adoption is within Bitcoin’s grasp, according to Citi analysts.
March 1, 2021

Effects Of Bitcoin Blockchain On International Economy

The development of Bitcoin is only just underway, but the financial environment is already evolving. In this respect and consideration, it is vital to recognize how the financial system and demand will shape in the next few years. Here are some obvious implications of cryptocurrency on the international economy. Global Expenditure Shifts are becoming very common. Now, several investors and shareholders include digital currencies, specifically Bitcoin to their investments. It is most possibly attributed to the increased probability of improving the holdings with the help of crypto allocations. According to the graphs given, VanEck notes that a tiny Bitcoin transfer dramatically increases the accumulated profit In the modern world where technology continues to improve day by day, everyone must be aware of cryptocurrencies and how it is used. Its attributes which make it different from paper currencies must be kept […]
March 1, 2021

China’s BSN partners with TON Labs to utilize Telegram blockchain

While Telegram’s token project is dead, the blockchain still lives.
March 1, 2021

Gazprom Neft uses blockchain tech to streamline aircraft refueling

Gazprom Neft’s aviation refueling subsidiary has piloted a blockchain-based refueling payment project to automate and accelerate transactions.
March 1, 2021

Stellar Lumen (XLM) Price Could Rally If It Clears $0.4500

Stellar lumen price started a sharp decline from well above $0.5000 against the US Dollar. XLM price is now consolidating well below $0.4500 and the 55 simple moving average (4-hours). There is a major triangle forming with resistance near $0.4490 on the 4-hours chart (data feed via Kraken). The pair could start a strong increase if there is a clear break above the $0.4500 resistance zone. Stellar lumen price is correcting losing from $0.3400 against the US Dollar, similar to bitcoin. XLM price must clear the $0.4500 resistance to move into a positive zone. Stellar Lumen Price Analysis (XLM to USD) After struggling to clear the $0.5500 resistance, stellar lumen price started a strong decline against the US Dollar. The XLM/USD pair broke the $0.5000 support level and the 55 simple moving average (4-hours). It even spiked below the $0.4000 […]
March 1, 2021

Spanish Court Orders the Investigation of Possible ‘Computer Fraud’ on Bittrex Exchange After a User Loses 1.3 BTC

A Spanish Court has issued an order compelling a division within the country’s police to investigate the possible existence of “computer fraud” on the Bittrex cryptocurrency platform. The order was issued following the filing of a complaint by a Tenerife based Bittrex user who claims to have lost 1.3 BTC (or $58,000) that was stored on the exchange platform. Cybercriminals Blamed According to a Spanish media report, the unnamed user’s problems started when initial attempts to access his funds were unsuccessful. However, after gaining access some 48 hours later, the user reports that “the money had literally disappeared.” The user contacted representatives of Bittrex who then “attributed the theft to the actions of cybercriminals.” Meanwhile, in its February 9 order, the Spanish Court says it wants law enforcement to carry out “a line of technological research that allows the author […]
March 1, 2021

Ripple Price Analysis: Chances of More Downsides Below $0.40

Ripple price failed to stay above $0.5000 and declined sharply against the US dollar. The price is now trading well below the $0.450 zone and the 55 simple moving average (4-hours). There is a key declining channel forming with resistance near $0.4320 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair is likely to continue lower towards the $0.3500 support zone in the near term. Ripple price is started a fresh decline below $0.5000 and $0.4500 against the US Dollar. XRP price is correcting losses, but it is likely to face sellers near $0.4400. Ripple Price Analysis After a spike above $0.6000, ripple price struggled to clear the key $0.6500 resistance against the US Dollar. The XRP/USD pair topped near the $0.6515 level and recently started a fresh decline. There was a break below the […]
March 1, 2021

Chiliz $CHZ Growth Continues With Trio of New Listings

Chiliz $CHZ – the digital currency for sports and entertainment – has announced listings on the Bitcoin.com Exchange, HitBTC and Changelly platforms. Chiliz is the on-platform currency of fan engagement platform Socios.com, which is built on the Chiliz blockchain infrastructure. Socios.com allows sporting and entertainment organisations to monetize their global fanbases through digital assets known as Fan Tokens. 23 major sporting organisations have partnered with Socios.com to launch Fan Tokens including FC Barcelona, Juventus, Paris Saint-Germain and AC Milan. Many more major clubs will launch Fan Tokens in 2021. Several Fan Tokens have already been listed on major exchanges, with the Fan Token market cap currently exceeding $194M USD. PRESS RELEASE. Chiliz ($CHZ) – the leading digital currency for sports and entertainment, will be listed on the Bitcoin.com Exchange on March 03rd at 10am UTC. CHZ will be listed on […]
March 1, 2021

Online Retail Giant Rakuten Allows People to Load Payment App With Cryptocurrencies

The firm Rakuten Inc., often referred to as “the Amazon of Japan,” announced customers can now load up Rakuten Pay accounts with cryptocurrencies like bitcoin, ethereum, and bitcoin cash. In order to commemorate the latest crypto service, Rakuten is also offering bonus points to people leveraging “Rakuten Cash” via crypto assets. Crypto Can Pay for Rakuten Goods and Services, Alongside Mister Donut, Familymart, and McDonald’s The massive Japanese electronic commerce and online retail company based in Tokyo is now allowing crypto users to leverage the company’s Rakuten Pay service in order to load up on Rakuten Cash. The payment service with crypto asset support provides clients with access to a wide range of Rakuten’s services and products including the firm’s travel services, Kobo e-books, and mobile. Moreover, users can load their Rakuten app with BCH, BTC, or ETH in order […]
March 1, 2021

Mad Money’s Jim Cramer Has a Plan to Save Gamestop With Bitcoin

Mad Money host Jim Cramer thinks he has a solution to save troubled video game retailer Gamestop with the help of bitcoin. He suggests that Gamestop should raise money to buy the cryptocurrency, then convert its 5,000 locations into bitcoin stores. He believes his idea will work. Jim Cramer Has Idea to Use Bitcoin to Save Gamestop Mad Money Jim Cramer said on CNBC last week that he believes he has come up with a viable plan to help video game retailer Gamestop (GME). He said his idea will fix the company’s valuation. The Gamestop stock surged by over 100% last week after the company announced that its CFO Jim Bell would resign. His idea is for Gamestop to “become a dealer in crypto.” He noted that it is what Square and Paypal are doing, which he initially thought “seemed […]
February 28, 2021

Here’s how the Purpose Bitcoin ETF differs from Grayscale’s GBTC Trust

The newly launched Purpose Bitcoin ETF surpassed even the most bullish expectations but how does it differ from Grayscale’s GBTC Trust?
February 28, 2021

Shark Tank’s Kevin O’Leary Reverses Stance on Bitcoin, Says Crypto Is Here to Stay, Invests 3% of His Portfolio

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has begun investing in bitcoin. Having previously called the cryptocurrency “garbage,” he has now changed his mind and believes that cryptocurrencies are here to stay. He is also getting used to the volatility of bitcoin and believes that institutional investors are willing to hold through price fluctuations. Kevin O’Leary Now a Bitcoin Believer Canadian investor and television personality Kevin O’Leary has changed his mind about bitcoin. He previously called the cryptocurrency “garbage” and a “giant nothing burger,” but now he has invested in bitcoin and thinks that it is no longer a fad. “I actually think that digital currencies are here to stay,” he said in an interview with CNBC last week. “Most people that are willing to hold them, including institutions over the last 90 days, are willing to deal with […]
February 28, 2021

As the Dollar Begins to Rebound, Bitcoin Is Struggling to Remain Solid

At the time of writing, bitcoin – the world’s number one digital currency by market cap – isn’t doing so hot. The currency has fallen to about $46,000 per unit at press time, meaning it is now about $10,000 lower than where it stood during the early portion of last week. Things are not looking good for the asset, but how much of this is just part of a healthy correction? Bitcoin Has Taken an Ugly Dip As it turns out, things may be a little more extreme than normal. While there’s no way to predict if this is a final stretch for the world’s most popular cryptocurrency, the asset is experiencing losses it hasn’t seen in almost a year. The currency has fallen by about 21 percent in just the last few days alone and hasn’t dropped this much […]
February 28, 2021

Top 5 cryptocurrencies to watch this week: BTC, BNB, DOT, XEM, MIOTA

Bitcoin’s correction is accelerating, but a bounce off the 50-day moving average could give altcoins reason to rebound off lower support levels then move higher.