May 13, 2021

VulcanVerse’s Marketplace Volume Triples From $5m to $15m, $20M Giveaway to Follow

PRESS RELEASE. Newly-launched decentralized gaming platform, VulcanVerse, offers $20m giveaway as volume on its in-game marketplace triples. Cardiff, United Kingdom – Decentralized gaming platform, VulcanVerse is launching into the online gaming world, with record growth in users following a successful token sale. The gaming platform is positioning itself as a pioneer in NFT-based gaming, an area that has recently seen a huge surge in interest as a result of the wider NFT-mania that permeated the cryptocurrency market earlier this year. VulcanVerse expects to capitalize by converting this newly-found interest in online gaming into increased adoption for its own unique virtual world. With that aim, VulcanForged, the project behind VulcanVerse, has made several integrations with other blockchain-based platforms, including Polygon (formerly Matic), to broaden its reach. The team recently completed a sale for the platform’s native token, PYR, aimed at stimulating […]
May 13, 2021

Bank of Israel Drafts Model of a Digital Shekel

The central bank of Israel has offered a glance at what a digitalized version of the national fiat currency may look like. According to a released “draft model” of the coin, Israelis should be able to use the digital shekel in payments, even offline, and convert it to cash at any moment. The Israeli central bank digital currency (CBDC) will provide some privacy, but not anonymity. This Is What the Digital Shekel Should Look Like The Bank of Israel is getting ready to jump on the CBDC bandwagon with a plan to issue a digital currency of its own, after examining the issue for years. Dozens of central banks around the world are already working on similar projects in response to developments in the payments market, not least related to the growth and the spread of cryptocurrencies. The final decision […]
May 13, 2021

Bitcoin loses 6% in an hour after Tesla drops payments over carbon concerns

Bitcoin has shed nearly 6% in an hour after Tesla suspended its support for payments in BTC.
May 13, 2021

Finance Redefined: Never a dull day in DeFi! May 5-12

One of the busiest days of the year for DeFi featured exploits, rugpulls, protocol pivots, and more.
May 13, 2021

Bitcoin, altcoins and stocks drop as inflation fears impact investor confidence

Rising fears of inflation and big government spending rocked equities markets and possibly had a knock-on effect on Bitcoin and altcoin prices.
May 13, 2021

Bitcoin for pizza, not the other way around, says Papa John’s offer to UK customers

Users of cryptocurrency exchange Luno can claim $14 in BTC rewards before Sunday.
May 13, 2021

When all-time high? Bitcoin traders lose confidence as BTC price slumps

Bitcoin adoption continues to increase but derivatives data shows retail and professional traders are reluctant to build new bullish positions.
May 13, 2021

IRS will seize your crypto if you can’t pay back taxes

If you’re a cryptocurrency holder with past-due tax debts, your provable holdings may be confiscated by the IRS if you don’t pay back what you owe.
May 13, 2021

Dog day afternoon as Vitalik dumps multiple memecoins in the name of charity

Dog-themed tokens see an abrupt end to their rallies as Vitalik Buterin liquidates the positions he was gifted and donates the proceeds to charity.
May 13, 2021

Cointelegraph Consulting: Aave’s avenue to over $11 billion in TVL

Breaking down Aave protocol’s usage and its liquidity mining program as the platform’s TLV doubles in under a month.
May 13, 2021

SEC enforcement actions cost crypto firms and individuals $1.7B in penalties

Of the 75 enforcement actions on crypto brought by the commission from 2013 to 2020, the majority involved allegations of fraud or unregistered securities offerings.
May 13, 2021

Vitalik Buterin says Uniswap should become an oracle token

“UNI is in an excellent position to be a token for such an oracle,” said Buterin, in reference to decentralized pricing oracles for stablecoins.
May 13, 2021

OKEx backs DFINITY’s ‘Internet Computer’ ecosystem with $10M and ICP listing

CryptoNinjas » OKEx backs DFINITY’s ‘Internet Computer’ ecosystem with $10M and ICP listing OKEx, a popular cryptocurrency spot and derivatives exchange, has listed the utility token of DFINITY’s ‘Internet Computer’ platform, ICP. Operated by a completely open governance system, the Internet Computer — a blockchain network under development — held a launch event last week. Further, OKEx also announced that its recently-established Blockdream Ventures fund will be collaborating with the Internet Computer ecosystem to provide $10 million in special funding and resources to support high-quality projects built within the network. ‘Internet Computer’ Launch DFINITY’s Internet Computer project has a singular purpose; to expand the capabilities of the public blockchain and the decentralized ecosystem using advanced computer science and cryptography. The Internet Computer is the product of a multi-year R&D effort. It’s all orchestrated by the DFINITY Foundation’s research and development […]
May 13, 2021

Layer-2 Ethereum solution Aurora goes live on NEAR Protocol

CryptoNinjas » Layer-2 Ethereum solution Aurora goes live on NEAR Protocol Aurora, an Ethereum-based layer-2 solution that provides developers and users the experience of Ethereum on top of NEAR Protocol, a scalable blockchain-based developer platform, has officially launched. Aurora combines two pieces of technology to create a seamless experience: a full-featured Ethereum Virtual Machine (EVM) and a powerful cross-chain bridge. Ethereum transaction fees have reached record highs due to increasing network activity… To bypass these growing costs, Aurora caps gas fees to ensure they do not infinitely increase, maintaining an average transaction cost of a few cents. Aurora manages to lower costs while radically speeding up transactions, which achieve finality within two seconds. The Aurora solution lets developers deploy existing Solidity and Vyper contracts with no changes, while users can seamlessly access these applications using MetaMask and other Ethereum wallets. […]
May 13, 2021

Bitcoin Cash Argentina Runs Flipstarter to Boost Adoption in the Country

Bitcoin Cash Argentina, a nonprofit organization whose objective is to promote the use of Bitcoin Cash, has started a flipstarter campaign that seeks to raise funds to explain the use cases of this cryptocurrency in the country and boost its adoption. Argentina’s economy has been severely affected by inflation and devaluation, the reason why interest in cryptocurrencies and how these can be used is growing fast. Bitcoin Cash Argentina Raising Funds to Boost BCH Adoption in the Country Bitcoin Cash Argentina, an organization that deals with promoting the use and adoption of the said cryptocurrency in the country, is now raising funds to further increase their reach and boost adoption through a series of activities. The fundraising is being conducted through Flipstarter, a BCH-specific tool that allows anyone to collect funds for a determined objective. The funds won’t be released […]
May 13, 2021

Vitalik Buterin Donates $1B Worth of Shiba Inu Tokens to India’s Crypto Covid Relief Fund

On Wednesday, Ethereum’s Vitalik Buterin took control of his stack of Shiba Inu, a dogecoin ERC20 token, and donated more than 1 billion dollars worth of the currency to India’s Crypto Covid Relief Fund. The fund is an initiative that seeks to help people suffering from the covid-19 outbreak that India is experiencing right now. Buterin also sold Akita and Dogelon, other similar currencies, causing a slide in market prices. Vitalik Buterin Donates $1 Billion Worth of Shiba Inu Tokens to India’s Crypto Covid Relief Fund Vitalik Buterin, the popular founder of Ethereum, started selling some of the meme coins that were sent to him by some projects, donating 10% of his Shiba Inu stack to India’s Crypto Covid Relief Fund. These dogecoin ERC20 tokens were given to him to “burn” them, under the assumption he wouldn’t touch them or […]
May 12, 2021

Elon Musk Announces Tesla Has Suspended Accepting Bitcoin Citing Environmental Issues

Tesla has suspended accepting bitcoin for vehicle purchases, CEO Elon Musk has announced. The company cited concerns “about rapidly increasing use of fossil fuels for bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.” Tesla Stops Accepting Bitcoin Tesla CEO Elon Musk announced on Twitter Wednesday that his electric car company has suspended accepting bitcoin for vehicle purchases. The message reads: Tesla has suspended vehicle purchases using bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel. The notice continues: “Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the Environment. Tesla will not be selling any bitcoin and we intend to use it […]
May 12, 2021

Bosnia and Herzegovina Is Preparing a Draft Bill to Regulate Cryptocurrencies

A European country in the Balkans region could start regulating the crypto environment within its territory. A bill is being drafted in Bosnia and Herzegovina that would establish a regulatory framework for cryptocurrencies for the first time in the country’s history. Bill Aims to ‘Attract Entrepreneurs’ to the Country According to Klix, the Union for a Better Future (SBB) of Bosnia and Herzegovina (BiH), a Bosniak political party, is set to draft a crypto bill after forming a group to research “technological, economic progress, and market modernization.” The plan includes digital asset development, and thus, crypto-related rules are required to make it possible. The report states that Vedad Mešanović, a local financial expert, will lead the drafting of the bill. Mešanović – who was recently included in the Forbes list of the 30 most influential people under the age of […]
May 12, 2021

Crypto payment platform COINQVEST granted $500K as winner of Stellar Seed Fund

CryptoNinjas » Crypto payment platform COINQVEST granted $500K as winner of Stellar Seed Fund COINQVEST, a suite of crypto payment APIs and web-based invoicing and payment management tools, today announced its selection as the top business in the Stellar Seed Fund, where it was awarded first place by a panel of Stellar Development Foundation members and peers in the Stellar ecosystem. The final round consisted of eight participants, each being awarded an equity-free grant amount proportionate to the number of votes received. COINQVEST received 835,214 XLM (more than $500K USD at the time of winning). In all, 58 businesses and blockchain projects entered the nine-month-long competition starting back in August 2020. Stellar Seed Fund The Seed Fund seeks to support early-stage Stellar development of long-term utilities for the ecosystem and viable, for-profit, businesses building products and services. The goal of […]
May 12, 2021

Venture platform Cognitive Blockchain invests in cross-chain compute network Cudos

CryptoNinjas » Venture platform Cognitive Blockchain invests in cross-chain compute network Cudos Cudos, a multi-chain layer-2 solution providing Turing-complete compute and external data to blockchains, today announced that Cognitive Blockchain has made an equity investment in its parent company Cudo, and will be providing expertise to Cudo for the vast Chinese blockchain market. “We’re extremely grateful for the opportunity to strategically partner with Cognitive Blockchain. Their team, led by Managing Partner Jenny Yue, instantly recognized our vision, and demonstrated a deep understanding of both the market opportunity that we’re filling, and the tech stack that we’re building. Unlocking the door to the Chinese market is hugely important to our growth strategy, and Cognitive Blockchain will be instrumental in helping us succeed.”– Pete Hill, VP of Sales at Cudos Cognitive Blockchain consists of a blockchain education platform and community club; as […]
May 12, 2021

Globe Listing on AscendEX

PRESS RELEASE. AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the Globe Token (GDT) under the pair USDT/GDT on Apr 22 at 1:00 p.m. UTC. Globe aims to be the global cryptocurrency derivatives trading platform of choice for traders. It is the first digital asset derivatives trading platform designed and developed to offer microsecond core latencies, burst message processing rates over ten million, and stable millisecond core cloud API. Globe is the inventor of bitcoin VIX futures. Globe’s token presale was larger than Binance’s, and they have hundreds of strategic partners spanning other trading platforms and leading liquidity providers. Globe has been working to solve problems like substandard trading experiences seen across other derivatives venues, unfilled latent demand for certain derivatives products, poor API access, and incentive […]
May 12, 2021

Switzerland’s UBS Group Looks Into Providing Crypto Tools to Customers

The line between crypto and traditional banking services is beginning to thin out even more. UBS Group, one of the largest investment firms in Switzerland, has announced that it is looking into potentially offering its wealthiest clients varying crypto options as demand for digital assets has grown exponentially in the past few years. UBS Group Has Joined the Crypto Rankings Crypto continues to boom in popularity, with the space now becoming more legitimized and mainstream following the coronavirus pandemic which has brought global financial spaces to their knees. Many people no longer trust standard banks or fiat given the amount of money printing that has occurred over the past 12 months and the idea that inflation is continuing to spread. Thus, many have turned to BTC and its altcoin cousins as stores of wealth. Initially, digital currencies were simply speculative […]
May 12, 2021

Survey: 1 in 4 American Investors Believe Dogecoin is the Future

The meme-based crypto asset dogecoin has seen a phenomenal year, capturing a whopping 19,723% against the U.S. dollar during the last 12 months. Dogecoin’s price gains have pushed interest toward the cryptocurrency, quickly making it a recognizable name. A recently published survey from the web portal gamblerspick.com suggests one out of every four Americans “believe dogecoin is the future.” Dogecoin Survey Shows Meme-Coin Has Been Getting Attention in the US In mid-April, gamblerspick.com conducted a study with 1,001 American respondents that are “familiar” with cryptocurrencies. The survey team leveraged the Amazon Mechanical Turk survey platform in order to present a series of questions. 59.3% of survey participants identified as men, while 40.7% identified as women. Gamblerspick researchers also detailed that the respondents were Gen Zers (5.9%), millennials (60.8%), Gen Xers (22.6%), and baby boomers (10.7%). According to the poll statistics, […]
May 12, 2021

How Dogecoin Reacted to Elon Musk’s “SNL” Guest Stint

Elon Musk has completed his stint as a guest host on “SNL,” and it looks like Dogecoin investors are not too happy with the route he took. Dogecoin Shoots Down, Then Back Up While working on the show, Musk’s opening monologue – which also featured his mom – took a Dogecoin theme when he told his mother in the audience that he had a very special Mother’s Day gift for her. She said: I am excited for my Mother’s Day gift. I just hope it is not Dogecoin! Musk then responded with: It is. It sure is. For the most part, this was not so bad, though from there, Musk was featured in a comedy sketch in which he played a character that had a hard time explaining what Dogecoin was. By the time that the skit was over, the […]
May 12, 2021

Hungary to Cut Tax on Crypto Profits in Half, Down to 15%

The government in Budapest has put forward measures aimed at streamlining taxation and reducing the tax burden on businesses and citizens. As part of the package, Hungary plans to cut the tax levied on capital gains from cryptocurrency transactions, expecting to increase budget revenue with the move. Tax Cut to Attract Cryptocurrency Traders to Hungary Hungarians now pay 30.5% on profits made from cryptocurrency transactions, but their government wants to reduce the tax rate to 15%. The primary goal is to minimize tax evasion, but the lower tax rate could also attract more crypto traders and investors to country. The Hungarian government believes this will generate “several billion forints” in additional budget receipts. The crypto tax cut was announced in a video address posted by Hungary’s Finance Minister Mihály Varga on Facebook, along with other steps to kick start the […]
May 12, 2021

Mark Yusko Sees BTC Reaching $250K By 2026

Granted bitcoin moves up towards gold’s market cap, Mark Yusko of Morgan Creek Capital Management fame believes that the world’s number one digital currency could shoot up to about $250,000 per unit within the next five years. Mark Yusko: $250,000 for BTC in This Decade In a recent interview, Yusko commented that many investors were not giving bitcoin its due and “underestimating” its ability to move about and serve a higher purpose in the world of finance. He says it is much more than just a token of value, and the day could come when some begin to rely on bitcoin the way they do cash or other standard investment tools. He stated: It is just about network adoption and increased usage. This is a network, and networks grow in an exponential way. This is the fastest network in history […]
May 12, 2021

Moneygram Lets Customers Buy and Sell Bitcoin With Cash at 12,000 Locations

Moneygram will start letting customers buy and sell bitcoin at 12,000 locations, thanks to a partnership with Coinme. The collaboration “will bring bitcoin to thousands of new point-of-sale locations in the U.S. with plans to expand to select international markets in the second half of 2021,” the companies say. Bitcoin at Moneygram Locations Moneygram International Inc. and Coinme, a licensed crypto-to-cash exchange in the U.S., announced Wednesday the “launch of a new partnership to enable the cash funding and payout of digital currency purchases and sales.” A global leader in cross-border P2P payments and money transfers, Moneygram serves nearly 150 million people across the globe over the last five years. Coinme is a crypto exchange and ATM operator that currently powers over 20,000 physical locations to buy and sell bitcoin using cash through partnerships with Coinstar and Moneygram. The collaboration […]
May 12, 2021

Meme Moon Will Be Launched on May 17, 2021

What is Meme Moon? Meme Moon is a community-driven passive income generator running on Binance Smart Chain. We are dedicated to making Meme Moon the one-stop place for people that want to make a passive income by offering existing and new innovative features that will maximize their profit. Meme Moon Tokenomics The Meme Moon tokenomics are designed to reward the long-term holders. With every buy and sell transaction we will take a 10% fee. The fee being paid will go back to $MEM token holders in following ratio: 50% goes back to the token holders, automatically distributed to their wallets. 50% is automatically restored into LPs, this will create a floor in liquidity on PanCakeSwap and Sushiswap at all times. Presale To avoid a pump and dump situation, the presale will be for approved whitelist applicants only; we will release […]
May 12, 2021

Ethereum Options Trade Volume Exceeds Bitcoin’s, Deribit Introduces a $50K ETH Strike for 2022

Last week, ethereum options volume surpassed bitcoin’s for the first time on the digital currency derivatives exchange Deribit. Further, the trading platform recently introduced a $50k ETH strike for March 2022 and explained the $50k call is “gaining immediate buy traction.” Ethereum Options Volume Grows Exponentially, $50K Strike Flexes Muscle When it comes to bitcoin (BTC) derivatives, the trading platform Deribit captures the lion’s share of today’s options volume. The cryptocurrency exchange also features bitcoin futures and ethereum options as well. During the first week of May, Deribit’s ethereum (ETH) options surpassed bitcoin (BTC) options for the first time. Skew analytics data shows while BTC had $880 million on May 3, ETH options saw $1.3 billion. The volume continued that week as the analytics company Skew tweeted about the staggering ETH options volume last Thursday. “Ether markets seeing record activity […]
May 12, 2021

SEC to Scrutinize Funds Invested in Bitcoin Futures

The U.S. securities watchdog has announced it will scrutinize mutual funds that include investments in bitcoin futures markets to verify funds that comply with the Investment Company Act. The institution warned about the dangers of investing in bitcoin futures markets due to the implicit volatility of the underlying asset. SEC Warns Funds About Bitcoin Futures Yesterday, the Securities and Exchange Commission (SEC) released a public statement titled “Staff Statement on Funds Registered Under the Investment Company Act Investing in the Bitcoin Futures Market,” where the institution announced they would ramp up vigilance for funds that have invested in Bitcoin Futures Markets as part of their speculative strategies to maximize profit. The Division of Investment Management, a section of the SEC that oversees mutual funds and other investment products, would be the institution in charge of watching the behavior of these […]
May 12, 2021

Uniqly Enters the NFT Market With a Remarkable Performance

It’s been a while since the crypto market has seen such a promising project, something that has a clear basis on a real market need and a long-term plan to stay relevant and bring value to customers, investors, and users alike. Uniqly.io aims to do exactly that, giving real-world value to digital items. Veterans of the space already know what non-fungible tokens are, and why they cost so much, but the mainstream market perception of them is poor at best. Without tangibility and actual “proof” it’s difficult to understand why that particular string of pixels may be worth so much, and as such, even with people like Beeple making millions out of their work, NFT has been already categorized as a fad by a lot of so-called “experts”. This can’t be further from the truth, as the expansion of the […]
May 12, 2021

‘Our Goal Is to Become the Next Generation Mobile Crypto Bank,’ Says CMO & Co-founder of Mineplex Banking

The cryptocurrency bank Mineplex is one of the first in the market to launch crypto processing services that has already gained popularity among not users not only from Europe but also from CIS countries. It is because the bank founders deeply examined the market needs and offered a solution that significantly simplifies the usage of cryptocurrencies even for those who are making the first steps in this arena. Convenient, user-friendly, and most importantly, secure service has already gained positive feedback from retail traders, holders, and institutional investors. In this interview, we discussed plans, perspectives and results of the crypto bank with the CMO & Co-Founder of Mineplex Alexander Mamasidikov. Q: Alexander, today cryptocurrencies are not exactly a new discovery, as it was 5 years ago. How are things with crypto processing? How popular is this type of service and how […]
May 12, 2021

Analyst Warns of Broad Correction in the Cryptocurrency Market

Vanda Research has warned of a broad correction in the cryptocurrency market. Ben Onatibia, the firm’s partner and senior strategist, said that the surge in cryptocurrency prices this year is reminiscent of bitcoin’s rally in 2017. A Correction in Crypto Market Appears to Be Brewing, Says Analyst Vanda Research published a report Monday warning of a broad correction in the cryptocurrency market. The firm’s partner and senior strategist, Ben Onatibia, explained that in 2017 the bitcoin price rise was followed by a correction and a jump in interest in then-lesser known cryptocurrencies. He added that “a broader correction” in crypto markets appears to be brewing. “The meteoric rise in cryptocurrencies has a whiff of deja vu,” Onatibia described, adding that in 2017 when the bitcoin rally started to wane down, “investors rotated to lesser-known altcoins like ripple and ethereum.” Noting […]
May 12, 2021

‘Bullish’ Cryptocurrency Exchange to Launch With Backing of Billionaire Investors, Investment Bank Nomura

A new cryptocurrency exchange called “Bullish” will be launched this year by Bullish Global, a subsidiary of Block.one. It is backed by a number of prominent investors, including Peter Thiel, Alan Howard, Louis Bacon, Richard Li, Mike Novogratz, Christian Angermayer, and investment bank Nomura. Bullish Global Launching Bullish Exchange Block.one, the software company behind the EOSIO open-source software, announced Tuesday the launch of a newly formed subsidiary, Bullish Global, which is capitalized with over $10 billion in cash and digital assets. Bullish Global operates as an independent entity and is focused on launching a new cryptocurrency exchange called Bullish. It is “designed to combine the performance, user privacy, and compliance offered by central order book technology with the vertically integrated user benefits of decentralized finance (Defi) market architecture,” the announcement notes, adding: The Bullish exchange will offer new automated market […]
May 12, 2021

Crypto.com becomes first cryptocurrency platform to receive MFSA Class 3 license

Under the Class 3 VFA license, Crypto.com can provide custodial services and execute orders on behalf of other persons.
May 12, 2021

The STC Token is Live – And Over 10 Crypto Exchanges are Ready for It

Being backed up by over 500 universities due to its unique approach towards students and cryptocurrencies, Student Coin succeeded in selling all its STC tokens dedicated to the ICO. Although the Launchpad was intended to last until April 30th, the 150th phase ended nine days sooner due to the popular demand for the STC token. Therefore, in less than two months, Student Coin sold no less than 5 billion tokens. Now that the ICO is over, all that’s left to do is go to the crypto exchanges and get it while it’s fresh – because it has all the chances to increase in value quickly. Where can you buy the STC token? First of all, you can buy it directly from the Studentcoin.app – this is the easiest way to get it in just a couple of seconds. At the […]
May 12, 2021

Free Bitcoin: Papa John’s Giving Away BTC With Pizza Purchases in UK

Papa John’s Pizza is giving away bitcoin with pizza purchases in the U.K. Customers who spend at least £30 will get £15 off their orders as well as £10 in free bitcoin. The bitcoin freebie is given through global cryptocurrency exchange Luno. Papa John’s Bitcoin Giveaway Pizza restaurant franchise Papa John’s is currently giving away free bitcoin in the U.K. According to the terms and conditions posted on the official Papa John’s website for the country, the offer is valid until May 16. The website explains: Offer entitles customer to £15 off when they spend £30 or more and £10 worth of bitcoin on Luno. An ad on the Papa John’s UK website for free bitcoin. Source: Papa John’s UK Luno is an established cryptocurrency exchange that is available in over 40 countries. Papa John’s detailed: “To claim the £10 […]
May 12, 2021

Ether breaks $500 billion market cap for first time

Bitcoin broke a $500 billion market capitalization in late December 2020.
May 12, 2021

Tron (TRX) Price Analysis: Bulls Aim Fresh Rally Above $0.15

Tron price found support near $0.1200 and it is now correcting higher against the US Dollar. TRX price is now trading above the $0.1350 support and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.1400 on the 4-hours chart (data feed via Bitfinex). The pair could extend its rally after there is a clear break above the $0.1500 barrier. TRON price is showing positive signs above $0.1350 against the US Dollar, similar to bitcoin. TRX price could start a strong increase if there is a break above the $0.1500 level. Tron Price Analysis After a failure near $0.1700, there was a bearish reaction in tron price against the US Dollar. TRX price broke the $0.1500 support level and the 55 simple moving average (4-hours). It even declined below the […]
May 12, 2021

South Korean Banking Association Concerned Over Surge of the Altcoin Trading Frenzy

A banking association in South Korea recently added weight to regulatory discussions across the country, raising concerns about the high altcoin trading volume. The Korea Federation of Banks (KFB) requested its members to audit trading volumes through their crypto exchanges’ customers’ altcoin activity. Altcoins Trading Volume Outperformed Bitcoin Last Weekend in South Korea According to The Korea Herald, the KFB is concerned about potential risks that South Korean banks could be exposed in front of high altcoin trading volumes, as they offer their services to domestic virtual currency exchanges. The warning comes in the wake of a significant surge of the transaction volumes to around 95% in altcoins, said the media outlet. An official from the Korea Federation of Banks commented on the matter: One of the criteria that we recommend is the safety of digital assets, and that can […]
May 12, 2021

Bitcoin Price Analysis: BTC Eyes Fresh Rally To $60K

Bitcoin price started a fresh increase after testing the $54,000 support against the US Dollar. The price is now trading above $55,000, and it is testing the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $54,800 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to start a fresh rally if it clears the $57,500 resistance zone in the near term. Bitcoin price is attempting an upside break above $57,500 against the US Dollar. BTC must surpass $57,500 and $58,000 to start a strong upward move. Bitcoin Price Analysis Bitcoin price struggled to clear the $59,500 resistance zone on a couple of occasions. As a result, there was a bearish reaction below the $58,000 support. The price even declined below the $56,000 support and 55 […]
May 12, 2021

Do 46 million Americans really own crypto?

Newsweek published an article claiming 46 million Americans own Bitcoin, but where did the figures come from?
May 12, 2021

Bitcoin price bounces despite stocks rout as Ethereum hits new $4,350 high

New all-time highs for the largest altcoin combine with fresh bullishness across crypto after this week’s sell-off.
May 12, 2021

Urban Tea Now Accepts Cryptocurrencies Including Dogecoin

A specialty tea products retailer based in China’s Hunan province, Urban Tea, has introduced crypto payments in its stores and restaurants on two continents. Starting from this week, customers will be able to buy its beverages and meals using various cryptocurrencies. Chinese Tea Stores and Restaurants to Accept Crypto The publicly traded tea company runs a number of tea stores in China through its subsidiary, 39 Pu Tea Co Ltd. It also operates a chain of restaurants in the U.S. under another entity, Guokui Management Inc. A press release details that both of them will accept cryptocurrencies, including bitcoin (BTC), ethereum (ETH) and dogecoin (DOGE). Commenting on the announcement, CEO Xianlong Wu stated: Through the deployment of cryptocurrency payment, Urban Tea plans to bring cryptocurrency application scenarios into the customers’ daily life. Incorporated in the British Virgin Islands, Urban Tea’s […]
May 12, 2021

Spring and Bondly NFT Partnership Unlocks Digital Potential for Creator Economy

PRESS RELEASE. 12th May, 2021, San Francisco, California — Spring (formerly Teespring) and Bondly, premiere NFT solutions provider that empowers the next generation of NFT creators, announced today their new partnership to enable Spring’s platform for creators to sell both digital and physical product creation, unlocking a new wave of digital potential for the creator economy. Content creators will use Bondly technology on the Spring platform to create, mint and market NFTs. In addition, Bondly will provide expertise to develop new digital experiences between creators and fans. More than $2 billion was spent on NFTs during the first quarter of 2021 — representing an increase of about 2,100% from Q4 2020*, so there is a lot of revenue that can be generated for individual creators. These new NFT capabilities will empower the creator to be the authentic creator of the […]
May 12, 2021

9 CryptoPunks sell for $17M at Christie’s auction house

Famed New York auction house, Christie’s hosted the sale of nine CryptoPunks NFTs for nearly $17 million.
May 12, 2021

Mastercard Payment Index: More Consumers in Three African Countries Plan to Use Crypto Based Payment Methods

According to a recent Mastercard payment index report, the Covid-19 related lockdowns helped spread the use of cryptocurrency in three African countries, namely Nigeria, Kenya, and South Africa. The report also reveals that a greater number of consumers from these countries are “likely to use one emerging payment method in the coming year.” More Respondents Planning to Pay With Cryptos in the Upcoming Year In fact, according to findings of a survey conducted between February 26 and March 10, 2021, a significant number of the respondents from these countries plan to use cryptocurrencies in the coming year. For instance, in Nigeria, which recently barred banks from servicing the crypto industry, 65% of the respondents are planning to pay using crypto. In contrast, about 43% of respondents from Kenya signaled their intention to use cryptocurrencies when making payments. South Africa (41%) […]
May 12, 2021

Uniswap flips Bitcoin on daily revenue… and it’s more impressive than you think

Liquidity provider fees for Uniswap have surpassed BTC network revenue on a seven-day average.
May 12, 2021

Billionaire Druckenmiller says ledger-based system could replace USD worldwide

Billionaire Stanley Druckenmiller thinks some kind of crypto-derived ledger system may replace the U.S. dollar as the world’s reserve currency in the future.
May 12, 2021

Trial of former BitMEX executives set for next March

18 months after charges were filed, BitMEX executives will head to trial.
May 12, 2021

Ethereum Price to Hit $19,842 by 2025 According to 35 Experts

Thirty-five experts have come together to predict the price of ethereum. On average, they expect the price of ether to hit $19,842 by 2025. The majority of panelists say now is the time to buy ethereum while 28% say to hodl. Experts See Price of Ether Reaching Almost $20K by 2025 The “Finder Cryptocurrency Predictions 2021” which was updated Monday predicts that the price of ether will be nearly $20K by 2025 according to 35 experts on Finder’s cryptocurrency panel. The report says: By 2025, the panel expects Ethereum to hit $19,842 on average. The highest forecast came from Bitbull Capital COO Sarah Bergstrand who believes that the price of ether would be $100,000 by 2025. “We are likely to see major upgrades to the Ethereum network this year, and those can be expected to push the price higher,” she […]
May 12, 2021

Yearn Finance surges 45% as it joins dog pack with WOOFY

Yearn Finance is up nearly 45% in 24 hours, and it appears to be thanks to the team’s new dog token offering a bi-directional peg to YFI.
May 12, 2021

RSK Bridge & Defiant: Enabling reasonable fees when using DAI

As decentralized finance (DeFi) solutions continue to move forward, investors are searching for more efficient ways to handle their funds. The Ethereum (ETH) network has been the blockchain […]
May 12, 2021

Goldman Sachs Executive Reportedly Resigns After Making Millions Investing in Dogecoin

A Goldman Sachs executive has reportedly resigned from the investment bank after he made a fortune investing in dogecoin. The meme cryptocurrency is touted by a growing number of celebrities, including the Dogefather Elon Musk and Mark Cuban. Goldman Sachs Executive Quits After Making Millions in Cryptocurrency Aziz McMahon, a managing director at Goldman Sachs in the U.K., has resigned from the investment bank. Goldman confirmed McMahon’s departure to Business Insider but did not provide a reason. However, Efinancialcareers reported that the executive’s departure followed him making millions of dollars investing in dogecoin, noting that he may be starting a hedge fund. Citing unnamed sources, the publication detailed: Aziz McMahon, a managing director and head of emerging market sales at Goldman Sachs in London, has resigned, allegedly after making money on dogecoin, the cryptocurrency championed by Elon Musk, whose value […]
May 11, 2021

100,000 Micro Bitcoin Futures Trade on CME Exchange in First Six Days

More than 100,000 micro bitcoin futures traded on CME in the first six days since launch, the exchange has revealed. CME’s global head of equity index says that this new smaller contract, along with the full-size bitcoin futures, strengthens the exchange’s ability to help a broad array of clients. CME Group, the world’s largest financial derivatives exchange, said Tuesday that more than 100,000 micro bitcoin futures traded on its platform in the first six days of launch. CME is a U.S.-registered designated contract market (DCM) and derivatives clearing organization (DCO), regulated by the Commodity Futures Trading Commission (CFTC). The exchange launched Micro Bitcoin futures (MBT) on May 2, which it described as “1/50 the size of the bitcoin futures contract (i.e. 1/10 of one bitcoin versus five bitcoin for bitcoin futures (BTC).” The launch of the Micro Bitcoin futures contract […]
May 11, 2021

EOS and YFI lead altcoins higher as Bitcoin and Ether bounce from swing lows

YFI, EOS and REV notched double-digit rallies as altcoins capitalized on the oversold bounce in Bitcoin and Ethereum price.
May 11, 2021

The challenges with designing a CBDC, explained

Central bank digital currencies face a tricky trilemma when it comes to ensuring they are well designed. What’s the answer?
May 11, 2021

Security token blockchain Polymath welcomes Tokenise and Saxon Advisors as node operators

CryptoNinjas » Security token blockchain Polymath welcomes Tokenise and Saxon Advisors as node operators Security token platform Polymath, today welcomed two new node operators working to secure its institutional-grade security-token blockchain. Tokenise, an end-to-end tokenization provider that manages a security token exchange, and Saxon Advisors, a London-based corporate digital asset advisory firm. The companies have teamed up to operate nodes on Polymath’s Polymesh blockchain. Both Saxon Advisors’ and Tokenise’s node is run and managed by Saxon Advisors’ staking division, which offers professional staking services on promising PoS networks. New Node Operators Polymesh is an institutional-grade permissioned blockchain created by Polymath specifically for regulated assets. Transactions involving securities need to be determined by known, trusted entities. Purpose-built for securities, Polymesh relies on verified capital market participants that meet specific criteria to validate transactions as node operators. Tokenise offers investors and issuers […]
May 11, 2021

E-Commerce Giant Ebay Now Allows NFT Sales Citing ‘Massive Wave of Attention’

Ebay, which has 187 million buyers on its platform, is now allowing the sale of non-fungible tokens (NFTs), the company has announced. Ebay says: “This is only the beginning. This initial rollout will help us learn more about what’s important to our community.” Ebay Updates Policies to Allow Sale of NFTs Ebay Inc. announced Tuesday that sellers can now sell non-fungible tokens (NFTs) on its platform, which currently has about 187 million buyers. “Recently, we’ve seen a massive wave of attention, media coverage, and online conversation around high-end collectibles – or what many are calling alternate assets. Interest and investments have spanned everything from trading cards and comics to collectible sneakers and art,” the company wrote, adding: Today we are updating Ebay’s policy to include the sale of NFTs. In the short term, NFT inventory will be provided by trusted […]
May 11, 2021

Texas house passes crypto-friendly bill, now goes to senate

Governor Greg Abbott has already hinted he is open to signing the bill into law.
May 11, 2021

Israel’s central bank floats possible digital shekel with new action plan

The bank has been exploring the introduction of a CBDC since 2017.
May 11, 2021

Online marketplace eBay to allow NFT sales

A representative said that eBay “will add new capabilities that bring blockchain-driven collectibles” to the platform.
May 11, 2021

Hungary plans Bitcoin tax cut as part of economic recovery program

Lawmakers are reportedly planning to cut taxes on Bitcoin gains in half, possibly as early as 2022.
May 11, 2021

Data analytics giant Palantir now accepts Bitcoin payments

The firm added Bitcoin was “definitely on the table” as consideration for a treasury reserve asset.
May 11, 2021

PolkaLokr Listing on AscendEX

PRESS RELEASE. AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the PolkaLokr Token (LOKR) under the pair USDT/LOKR on May 10 at 1:00 p.m. UTC. Polkalokr is the first all-in-one, multi-chain token locking and escrow platform with built-in privacy functionality. Their products, LOKR and SWAPR, help build trust within the Defi space by removing the human element and focusing on governance through code with a seamless, omnichannel digital experience platform. Polkalokr will introduce the ability to swap locked tokens, which is not yet available in the space. They have taken tokenomics to a new level. The oracle integration allows projects to start vesting tokens based on events, for example, when the token price or product milestones are reached, instead of a time-based cliff. They will also provide […]
May 11, 2021

Elon Musk and His Likeness Were at the Center of Another Twitter BTC Scam

Just prior to his anticipated “SNL” appearance, it appears Elon Musk was once again the subject of a Twitter-based bitcoin scam that saw several of his social media followers getting BTC-related spam in their message feeds. It Looks Like an Elon Musk Twitter Account Was Compromised It seems like Elon Musk and his followers just cannot catch a break in this department. Musk is constantly the subject of several crypto based social media scams. For the most part, it looks like many of these instances simply use his likeness, though in other instances, things have gotten quite hairy and dangerous in many ways. One such instance occurred last summer when a teenager took over the Twitter accounts of several well-known and public figures including former president Barack Obama, his vice president Joe Biden, Microsoft mogul Bill Gates and, of course, […]
May 11, 2021

Balancer protocol launches version 2 of its automated market maker

Automated market makers, or AMMs, have become a staple of the rapidly growing DeFi industry.
May 11, 2021

Tezos’ sixth protocol upgrade brings more optimization as ‘Florence’ goes live

CryptoNinjas » Tezos’ sixth protocol upgrade brings more optimization as ‘Florence’ goes live It seems like only yesterday that Tezos underwent its fifth upgrade (codenamed Edo), which added some significant features to the ever-evolving platform such as Tickets, the Adoption Period, and Sapling. Merely 3 months after this milestone, the Tezos network has adopted its sixth upgrade, named Florence after the iconic city in Italy. So what does this upgrade bring to the rapidly evolving Tezos blockchain? Let’s dig into it. Just as Edo brought on several feature upgrades and refinements, Florence continues the strong track record of optimizations and refinements that has made Tezos synonymous with rapid evolution that can absorb the latest and greatest features in the space. Before we dive deeper into Florence, let’s also take a moment to look at the exponential growth in network activity that it has experienced over […]
May 11, 2021

Digital Yuan Trial Hotspot Not Seeing Wide Acceptance, Claims Report

With digital yuan pilots underway in China, it seems the currency is not meeting government expectations. A recent report highlighted a series of interviews from people in the hotspot, reflecting a lackluster reception among the participants. Privacy Concerns Reported According to Bloomberg, residents in Shenzhen, the Chinese analog to Silicon Valley, have shown little interest in the central bank’s digital currency (CBDC), primarily citing privacy and surveillance concerns. The People’s Bank of China (PBoC), the country’s central bank, has been accelerating the pilots to prepare the digital yuan for the 2022 Winter Olympic Games. People have been hesitant to switch from existing mobile payment solutions, showing an attachment to WeChat and Alipay. One participant in the 500,000 person pilot sample told Bloomberg she was “not at all excited” to be included. Another worried the pilot would allow authorities to “trace […]
May 11, 2021

Dogelon Mars, Shiba Inu and Dogecoin take the lead as Bitcoin consolidates

Canine-themed meme tokens like ELON, SHIB and DOGE have taken control of the market while Bitcoin consolidates below $57,000 and Ethereum holds above the $4,000 mark.