Cryptocurrencies have been a cause for concern in Teheran as the digital assets have attracted capital from other, traditional markets. The parliament’s leadership has now asked the tax agency to profile the owners of Iranian platforms facilitating cryptocurrency trading and report to the Majlis. Parliament Speaker Asks Tax Agency to Report on....
Due to the pandemic, many global events have been canceled, but some conferences can still be visited in 2021. The year 2020, for most of the inhabitants of our planet, was passed in lockdowns or quarantine due to the COVID-19 pandemic; many were forced to stay at home. Social events were canceled or postponed, and entire sectors of the world economy suffered huge losses. The start of this year wasn’t any better, as governments across the globe are still forced to restrict events and activities to combat the spread of the disease.But there are industries that did not lose out over the past....
A popular international music festival, Exit, is now accepting cryptocurrency for tickets, products, and services. This year’s 20th-anniversary edition of the European event will be held in early summer and the festival’s online store already offers discounts for impatient music fans and visitors. Fans to Pay With Crypto for Festival Passes and Accommodation Bitcoin, the organizers say, is a fast and secure currency that has dramatically challenged the current norms of finance and governance. That’s why the festival now offers crypto enthusiasts among music fans the....
Huobi Group, one of the largest blockchain companies in the world, announced earlier this week that it would launch Huobi Ventures, a new subsidiary that will focus on Huobi’s investment portfolio in the blockchain space. With a $100 million portfolio, the Chinese subsidiary group will look to invest in early-stage blockchain and decentralized finance (DeFi) […]
This week a great number of bitcoin supporters and skeptics have been arguing over whether or not bitcoin mining is harmful to the global environment. However, crypto supporters have been saying that concerns over the Bitcoin network’s energy supply are absurd, in contrast to the carbon used and the military violence that backs a number of fiat currencies including the U.S. dollar. One could even go as far as to say that the American dollar alone has left boot prints on large groups of humans over the years and desecrated entire countries. Musk and Dorsey Still Use US Dollars When....
Grayscale, one of the largest cryptocurrency fund managers, has declared it is trying to morph the bitcoin trust GBTC into an exchange-traded fund (ETF) to solve its price woes. The exchange rate is now at a 20% price discount compared to its bitcoin holdings, a fact that has many worried about the overall sustainability of their business model. Grayscale Hints at Becoming an ETF Grayscale, the biggest cryptocurrency fund manager in the world, has declared its Grayscale Bitcoin Trust (GBTC) is in the process to become an ETF to get rid of some of the problems it is facing.....
Bridgewater Associates founder Ray Dalio has warned that cryptocurrency’s biggest risk is its own success. He explained that it could attract regulators to come down tough on the crypto industry because “as a storehold of wealth no government wants to have an alternative currency.” Crypto’s Success May Attract Tough Regulation Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, warned about the success of cryptocurrencies at the Wall Street Journal “Future of Everything Festival” this week. Dalio is the co-founder and....
The cryptocurrency market now accounts for 2% of the global money supply as DeFi and stablecoin growth point to steady increases in adoption. This year decentralized finance (DeFi) has proven to be a transformative sector for the cryptocurrency ecosystem and it is also making waves in among global financial markets as institutional investors become entranced with the potential to earn high yields on stablecoins, altcoins and Bitcoin. While the price action from Dogecoin (DOGE) has dominated the headlines in recent weeks, Delphi Digital has been chronicling the growth of the DeFi ecosystem....
A crowdfunded effort aims to set Elon Musk and the mainstream media straight. As the headlines pile up about Bitcoin’s calamitous environmental impact, one group of investors and supporters have stepped up to the plate to defend the world’s largest digital asset with the help of a crowdfunded, FUD-fighting documentary film. First announced by investor, podcast host, and Bitcoin fanatic Brad Mills on Twitter, the goal of the film is to act as a “definitive” argument for “why Bitcoin will transition the world to renewable energy faster than governments.”I found the filmmaker (@jamie_jk) to....
The CEO of Square Inc. says that “bitcoin changes everything for the better.” His comment followed one from Square’s CFO reaffirming the company’s corporate bitcoin strategy. The CEO also made a commitment to “forever work to make bitcoin better.” Meanwhile, Square and Ark Invest have published a report arguing “for bitcoin as a key driver of renewable energy’s future.” ‘Bitcoin Changes Everything for the Better’ Following a comment from Square’s chief financial officer, Amrita Ahuja, stating that the company has not....
From NBA sneakers to legal lingo, and a little bit of everything in between, it’s been a busy week in the constantly evolving world of non-fungible tokens. Let’s take a look back at some of the week’s biggest headlines in the NFT space. This Week’s Non-Fungible Token News Floyd ‘Money’ Mayweather Wants More Boxing icon […]
A bitcoin price crash this week provided investors with an attractive moment to enter positions in the bitcoin market.While most people reading this article are likely aware of the tweets that were sent out by Elon Musk on Bitcoin mining, his comments are simply noise, and the resulting price crash and derivative market liquidations provide investors who may have been waiting for an attractive moment to enter positions with a great opportunity.The long-term trends observable in and around the Bitcoin space remain extremely bullish, and the recent three-month consolidation can be thought of....
Police in China’s Jiangxi province have reportedly recovered bitcoins stolen from a victim and returned them to the owner. The case involves the theft of 8.236 bitcoins, worth approximately 3 million yuan. Police Return Bitcoin to Theft Victim Police in China’s Jiangxi province have reportedly solved a case involving the theft of bitcoins worth almost 3 million yuan ($466,000), local media reported this week. A man, referred to only by his last name Shan, filed a police report stating that he was unable to access his email account linked to his cryptocurrency wallet after....
Crypto markets have been very volatile in recent times and a great number of digital assets have dropped more than 30% in value during the last three days. Although, not all the coins in the crypto economy are doing badly, as coins that do not leverage proof-of-work (PoW) consensus algorithms have actually done well after the recent Tesla controversy. Distributed ledgers that use delegated validation nodes and proof-of-stake (PoS) blockchains have made double-digit gains in recent days. Green Energy Gains: Cardano, Polkadot, and Polygon Shine As soon as Elon Musk and Tesla sparked the....
Many traders believe the narrative that Bitcoin price drops ahead of CME BTC futures expiries, but data shows the trend is all bark and no bite. Historically, activity surrounding the Bitcoin (BTC) monthly futures and options expiry has been blamed for weakening bullish momentum. A few studies from 2019 found a 2.3% average drop in BTC price 40 hours before the CME futures settlement date. However, as Cointelegraph reported in June 2020, the effect faded away. While 2020 seems to have rejected the potential negative impact of CME expiries, so far, the current year appears to validate the....
Strategic investor Lyn Alden's outlook on Bitcoin remains bullish despite growing risks Strategic investor Lyn Alden is convinced Bitcoin has still the potential to reach $100K in the current bull cycle — despite growing uncertainty and increasing volatility. “We are seeing a lot of froth throughout the industry”, she said, referring to the latest rally in a number of meme coins such as Doge. “Those are kind of warning signs for the cycle”, she added.Alden said that with the bull run slowing down and growing risks of a correction, it makes sense for some investors to take some money off....
The billionaire is bullish on DAO participation, networks with real usage, and mass adoption on the horizon. In a Twitter thread today, billionaire investor Mark Cuban weighed in on the current state and the future of blockchain technology and investment, ultimately concluding that while there are real obstacles to adoption asset prices are increasingly reflective of real “utility” and “demand,” and that the day will eventually come when crypto is “mature to the point we wondered how we ever lived with out.”Cuban posted the 10-Tweet thread this morning, noting that as the asset class....
A city in the U.S. state of North Dakota has begun accepting cryptocurrencies for utility bill payments. The city’s finance director says, “We are the first municipality in the state of North Dakota, and the third in the nation, to offer this service.” City Government Accepts Crypto Payments The city of Williston in the U.S. state of North Dakota announced Thursday that “it now accepts digital cryptocurrency payments for utility bills.” The city’s finance director, Hercules Cummings, explained that Williston has partnered with Bitpay to accept....
If you own tokens or NFTs, dozens of people in the community might have told you about staking. They are not wrong. According to the State of Staking Q1 2021 report by Staked, more than $20 billion was paid out to investors in 2020 in staking rewards. The same report found that the average staking […]
Outliers in the raw data preceded significant price movements for both AAVE and ALPHA: Coincidence? Who knew what, and when did they know it?Investigating Watergate in 1973, Senator Howard Baker Jr. wanted the answer. Thanks to a couple of journalists, he eventually got it. And while the stakes may not be as high, the team at Cointelegraph Markets Pro is pretty curious about some interesting crypto data this week.The VORTECS™ Score includes sentiment analysis, tweet and trading volume, and price action as components of the algorithm — which are then weighted according to a proprietary....
The virtues of Bitcoin reflect those that make up the foundation of the Islamic holiday.“O you who have believed, decreed upon you is fasting as it was decreed upon those before you that you may become righteous.” — Quran 1:183Fasting is one of the special rituals of Islam. It encourages and teaches patience and delaying gratification, both of which are essentials to the Bitcoin philosophy. So, what does Bitcoin have to do with Ramadan?Arabic Etymology Of Fasting And RamadanṢawm (Arabic for fasting) means abstention, this includes potentially abstention from food, drink, sexual intercourse....
New all-time highs keep rolling in for ADA/USD but familiar BTC hodlers have reasons to be "excited" about the coming months. Cardano's ADA token neared $2.40 on May 15 as a select few altcoins bucked the bearish mood to steal the spotlight from a weak Bitcoin (BTC).ADA/USD 1-hour candle chart (Binance). Source: TradingviewADA in price discovery as $2.50 nearsData from Cointelegraph Markets Pro and TradingView showed ADA/USD climbing through the weekend to hit a record $2.38.Traders had suspected that the long-awaited $2 would come into play in the short term, with Cardano bulls taking....
The mysterious creator of bitcoin has always been a topical conversation and over the years, a great number of self-proclaimed blockchain inventors have said that they once played the role of Satoshi Nakamoto. Of course, none of these so-called Satoshis have ever proven this to the greater cryptocurrency community, but it hasn’t stopped lots of people from trying. Many Satoshis With Little Proof Satoshi Nakamoto, the inventor of the Bitcoin blockchain, has always been one of the crypto community’s most popular subjects because the story is a thought-provoking mystery. Nakamoto....
Emerging technology such as blockchain can change the world for the better, but regulation and innovation must work in tandem. There is often a perceived tension between regulation and innovation. A pervasive narrative has emerged that these two important parts of our society are at odds with each other. In reality, it’s when these two come together as partners that we can effect change and transform our world for the better.Nowhere is this more true than in the blockchain industry. Over the last few months, we’ve seen seemingly reactionary regulators in different parts of the world try to....
Bearish signals flashed bright red as NANO went on a tweet-induced (but short-lived) rampage. How can traders take advantage of social media-driven crypto rallies? When Elon Musk’s ‘Bitcoin is bad for the environment’ tweet caused a flash crash of BTC and the majority of altcoins’ prices earlier this week, a handful of digital assets headed in the opposite direction, making huge gains amid the sea of red. Those were the tokens that market themselves as environmentally friendly capitalizing on investors’ immediate instinct that Tesla might be switching to some alternative, eco-friendly....
DBS Group, Southeast Asia’s largest bank, has launched a trust service for cryptocurrencies for its private banking clients. The service allows clients to invest, store, and manage their cryptocurrencies in a safe, secure, and structured manner, the bank explained. DBS’ New Cryptocurrency Trust Service DBS Group said Friday that its private banking arm, DBS Private Bank, has started offering a trust service for cryptocurrencies. The service allows private banking clients to invest, store, and manage their cryptocurrencies in a safe, secure, and structured manner, DBS Group....
The development of enterprise DeFi use cases is underway, but mainstream adoption may take longer than expected. Supply chain management has historically been challenging due to issues, such as increased costs, consumer demands, financial risk, volatility and much more. Unfortunately, the COVID-19 pandemic has created even bigger issues for supply chains globally. A recent survey conducted by Big Four firm Ernst & Young in late 2020 puts this in perspective, noting that 97% of automotive and industrial product companies found the pandemic to have negative effects on their businesses. The....
The Brooker Group has reportedly become the first publicly listed company in Thailand to hold bitcoin on its balance sheet. The company has disclosed that it has bought 122.3158 bitcoins worth $6.6 million or 200 million baht. Thai Public Company Invests in Bitcoin The number of public companies investing in bitcoin is growing worldwide. In Thailand, The Brooker Group (BROOK) has become the first listed company in the country to announce its cryptocurrency holdings, the Bangkok Post reported Thursday. The Brooker Group provides independent advisory services to private and public sector....
To lay the foundation for everything we’ll learn in the Bitcoinist Book Club, we had to start with “The Bitcoin Standard” by Saifedean Ammous. A fair amount of experts in the field recommend it as the first Bitcoin book people should read. Does that mean it’s too basic for the Bitcoinist audience? Not at all. […]
It’s widely believed that even experts can only identify capitulation after it’s already happened. The thing is, in regulated markets, unscrupulous Billionaires/ Bond villains have the decency to manipulate the market behind closed doors. Traditional markets don’t have as strong a sign as infamous Elon’s tweet. The CEO of investment advisory firm Vailshire Capital Management, […]
As vaccinations continue to be rolled out globally, more countries are starting to open up their borders to tourists. Even though the ongoing coronavirus pandemic has yet to fully recede, an increasing number of countries are beginning to open up their borders to tourists once again. Furthermore, with large-scale vaccination drives taking place all over the world, it appears as though by the time summer rolls around again, it will become possible for many individuals to travel to certain holiday destinations once again.In fact, according to the president of the European Commission, Ursula....
A group of Chinese investors has filed a lawsuit against an alleged crypto fraudster based in New York, United States, who ran a Wechat group where he handled the scheme. The scammer reportedly promoted the bogus investment opportunity by promising earnings of “$200,000 in one day.” Scam Allegedly Ran From 2016 to 2020 According to the Epoch Times, the six plaintiffs – residents of China, Canada, California, Washington State, and Georgia – accused the individual, named in the documents just as “Sun,” of running a stock trading academy where he sold....
Samsung Electronics has added new support assets for blockchain users with hardware wallets this week. The move will impact mobile Galaxy owners, allowing them to use third-party hardware wallets with the Samsung Blockchain Wallet app. In their press release, Samsung has sought out to explicitly provide hardware support for Ledger Nano S and Nano X. […]
Galaxy owners will be able to connect hardware wallets to their smartphones and transfer coins to the built-in wallet that comes with most devices in the popular lineup. Samsung says that makes it easier for users to access their cryptocurrency and make transactions. Update Allows Galaxy Users to Link Their Crypto Wallets to Cold Storage Devices Samsung has released an update that will increase the utility of its cryptocurrency wallet, first introduced with the Galaxy S10 series two years ago. The app can now link to select hardware wallets such as Ledger Nano S and Ledger Nano X. The new....
DeFi protocols offer insights into the future of capital markets infrastructure, for those willing to pay attention. Incumbents in traditional capital markets, as well as new entrants looking to capture market share, should heed the innovations within the crypto ecosystem collectively known as decentralized finance, or DeFi. These innovations present a model for the direction that traditional capital markets are likely to take in the coming years as regulation catches up with the capabilities of distributed ledger technology, or DLT, and as the technology itself is refined through....
For the first time since its direct listing on the NASDAQ this April, crypto exchange Coinbase published its first quarter earnings. In its earnings call, Coinbase announced that it had seen tremendous results since its public debut. “The wind is in our sails right now, and it feels good,” the investor letter read. The exchange […]
As Coti ramps up efforts to bring a decentralized fear index to crypto, it has enlisted the help of Professor Dan Galai, one of the pioneering brains behind the Cboe Market Volatility Index (VIX), to help the organization develop a crypto-oriented version. VIX Co-Creator to Join Coti-Backed Volatility Project Since exchanges for cryptocurrencies first arose, the market and accompanying price action have proven to be among the most volatile around. Intraday swings of double-digit percentage rates are regular occurrences. While it might seem like outsized volatility given the market’s....
Crypto exchange giant Binance is allegedly under investigation by the U.S. Internal Revenue Service (IRS), as well as the Department of Justice (DOJ) for money laundering and tax evasion. BREAKING: Binance, the world's biggest crypto exchange, is under investigation by the Justice Department and IRS https://t.co/mk0Njo7tUE — Bloomberg Crypto (@crypto) May 13, 2021 According to […]
The Central Bank of Liberia (CBL) has warned against a local crypto startup’s plan to proceed with the introduction of a digital financial product without adhering to the required regulation. According to the CBL, this act will not only be illegal but this will likely “undermine the country’s financial system.” The CBL’s warning follows an announcement by an organization known as The Abundance Community Coin (TACC) that plans to launch a crypto asset on May 14. According to a report, TACC claims that its token “has been created to help enrich people....
Bitcoin bulls struggle to push BTC price above $50,000 while ADA, MATIC and other large-cap altcoins realize double-digit gains. Bitcoin (BTC) continues to look for direction but as this occurred, Ether and altcoins bounced higher from the May 13 sell-off. Dogecoin shocked investors with its 47% rally that kicked off after Coinbase announced that it would list (DOGE) in the coming months. Doge price also rallied after Elon Musk tweeted that he was “Working with Doge devs to improve system transaction efficiency. Potentially promising.”While many altcoins have seen double-digit gains during....
South Korea’s monetary policy regulator, Bank of Korea, plans to obtain documents from financial institutions to track crypto transactions involving bank accounts. Cryptocurrency prices fluctuate independently from the real economy, the bank says, adding that market growth could pose a risk to the country’s financial system. South Korean Central Bank to Intensify Screening of Crypto-Related Bank Records The central bank of South Korea intends to exercise its powers to conduct monitoring of crypto transactions through real-name bank accounts, according to a paper sent to an....
Ciphertrace, a blockchain analytics company, has announced that crypto-related crimes have moved to the realm of decentralized finance (defi) apps and protocols. Now, the impact these hacks and exploits represent is way bigger than the one classic hacks to centralized exchanges and other scams do, according to their latest “Cryptocurrency Crime and Anti-Money Laundering Report.” Ciphertrace: Crime Moves to Defi Ciphertrace, one of the biggest cryptocurrency crime and blockchain analytics companies, has found that most of the crypto-related crimes have now moved to decentralized....
Other cryptocurrencies have no chance at all in competing with the monstrously large Bitcoin network.Mimesis Capital: Inside The Event Horizon, Report #16Bitcoin Versus Ethereum And Other AltsIt’s been “alt season” for the past couple months. Bitcoin has remained situated around $50,000 while Dogecoin, Shiba Inu and Ethereum are soaring.While short-sighted gamblers like to make bets on the next big dog meme coin, it’s important to review the basics of why bitcoin has accrued value and compare bitcoin to other tokens.Bitcoin is the best monetary good.Why? It has specific credible....
As the dust settles on Tesla withdrawing Bitcoin as a payment option, the community is awash with speculation over what happened. On that, Bitcoin-bull Anthony Pompliano chimes in with a theory that yesterday’s bombshell was the beginning of an elaborate ruse to usher in new technology from Tesla. Pompliano Gives His Take On The Bitcoin […]
Did you hear about Elon Musk’s concerns about Bitcoin mining, green energy, and the environment? Of course you did. Did it seem suspicious to you that Tesla apparently invested billions of Dollars in BTC before researching this very surface topic? Of course it did. Because it doesn’t make any sense. Well, former NewsBTC and current […]
The most topical conversation in the world of cryptocurrencies right now is the effects of bitcoin mining on the global environment after Elon Musk heated up the conversation. Following the recent Tesla announcement, the cofounder of Siphox and Powx, Michael Dubrovsky, revealed the nonprofit Powx has recently submitted a Bitcoin Improvement Proposal (BIP) that aims to produce a “durable, low energy” Bitcoin Proof-of-Work (PoW) system. A Low Energy PoW Proposal Submitted to the Bitcoin Developer’s Mailing List This week Tesla’s Elon Musk ignited the conversation....
KSM rallied to a new all-time high as investors rushed into new positions in order to participate in the hype surrounding the upcoming parachain auctions. Major protocol upgrades are one of the most potent sources of price movement for cryptocurrency projects as community members and investors get excited about new features and traders rush in to “buy the rumor and sell the news”. One protocol that has seen its price rise to new rights this week despite the overall bearish conditions affecting the market is Kusama (KSM), an experimental blockchain platform and a sister chain to the....
Entropy, a natural phenomenon, is closely related to money and information energy — Bitcoin as information is a reduction of entropy.When Buckminster Fuller was asked by a 12-year-old boy how he would suggest solving international problems without violence, he answered: “I always try to solve problems by some artifact, some tool or invention that makes what people are doing obsolete, so that it makes this particular kind of problem no longer relevant. My answer would be to develop a world energy grid, an electric grid where everybody is on the same grid. All of a sudden, there would be no....
Bitcoin mining via renewable energy is already prominent, one CEO explains. The energy consumed by mining — the process that keeps Bitcoin’s blockchain running — has been an increasingly popular topic of discussion in recent weeks.On Friday, CNBC posted an interview with SUKU CEO Yonathan Lapchik, during which he explained the Bitcoin mining scene as it relates to renewable energy. The interviewer noted Lapchik previously claimed that 75% of Bitcoin mining comes from renewable energy.“We think that 75% is an actual figure,” Lapchik told CNBC, “The miners are truly incentivized to use....
On Friday, the bitcoin mining operation Greenidge Generation has announced that starting June 1st, the firm will be “carbon neutral” for the rest of 2021 and beyond. Greenidge’s announcement follows the recent statements from Tesla and Square after the companies cited environmental concerns over bitcoin mining. New York-based Bitcoin Miner Aims to Be Carbon Neutral by June 1st and Beyond Ever since Tesla cited environmental concerns over bitcoin (BTC) mining and told the public it would not be accepting BTC for electric cars, the topic has spread widely across social....