On Saturday, politicians in the U.S. approved the massive $1.9 trillion Covid-19 relief package dubbed President Biden’s “American Rescue Plan.” The stimulus plan will see American citizens earning $75k or less eligible to receive $1,400. Moreover, households will get an additional $1,400 for every dependent child claimed. Despite the....
Polyient Games co-founder Craig Russo referred to the partnership as "a major step towards bringing mainstream adoption" to the crypto industry. Non-fungible token-focused investment firm Polyient Games is launching a new online tournament to introduce mainstream gamers to the crypto space.In an announcement today, Polyient Games said it would be partnering with esports tournament platform Community Gaming for a $100,000 series featuring games using non-fungible tokens, or NFTs. The esports games will reportedly “function as a method of introducing mainstream gamers to the world of....
A bitcoin ETF managed by Galaxy Digital expects to go live in Canada tomorrow.
Large corporations are buying Bitcoin at an accelerating pace, but pro traders are reluctant to open BTC longs while the dollar index strengthens. Bitcoin (BTC) price might have re-established $50,000 as a support, but the optimism of professional traders is nowhere near the levels seen before the 26% drop to $43,000 on Feb. 28. The current scenario is far from bearish, but derivatives indicators do not reflect the substantial purchases from institutional clients, including Microstrategy, Meitu, and most recently, Aker ASA, a Norweigian oil conglomerate.Bitcoin price, USD. Source:....
PRESS RELEASE. PokerTON – a Telegram-based platform for playing poker. PokerTON is one of the most successful projects of the Free TON blockchain affiliate program for companies that are implementing a TON Crystal in their business processes as payment methods. Since its release in May 2020, the PokerTON community has grown to 85,000 people....
The platform said it plans to complete the acquisition before the third quarter of 2021. Payments giant PayPal has acquired Israel-based crypto custody firm Curv for an undisclosed amount.According to PayPal, the firm purchased Curv as part of its initiative to support cryptocurrencies and digital assets. The platform said it plans to complete the acquisition before the third quarter of 2021, but did not disclose the purchase amount. Israel-based media outlet Calcalist said last week that Curv may have sold for between $200 million and $300 million, with CNBC reporting on Monday that “The....
The mainnet launch, which is expected to take place on Apr. 14, incorporates four Ethereum Improvement Protocols. After months of planning, the Ethereum community has laid out a timeline for its upcoming Berlin upgrade, marking an important milestone in its development roadmap. Berlin is scheduled to go live on the Ethereum mainnet at block 12,244,000, or Apr. 14, Tim Beiko wrote on Monday. Ropsten, the first testnet to upgrade, is scheduled for Mar. 10. The Goerli and Rinkeby networks are expected to upgrade in one-week increments on Mar. 17 and Mar. 24, respectively. Ethereum node....
Bitcoin and altcoins are picking up momentum as bulls attempt to secure a daily close above the $52,000 level. Data from Glassnode shows that Bitcoin (BTC) held on centralized exchanges has dropped by about 20% in the past 12 months. This suggests that investors are withdrawing their Bitcoin to the cold storage with a view of possibly holding them for the long term. This has reduced the available supply while the demand has continued to increase. The arrival of exchange-traded funds could increase the supply crunch further. After the success of the TSX Purpose Bitcoin exchange-traded fund,....
DeFi platform Uniswap has exploded in popularity since its debut last year, which has been to the benefit of UNI token holders – especially those who got them completely free for being among the earliest users of the platform. Here’s a look at just how fast the platform and its token have come up in […]
Some of the most influential women in crypto share their unique insights and experiences in a Mar. 8 live stream hosted by Cointelegraph. According to the World Economic Forum, at the current rate of development, gender inequality in the world will "equalize" in 99.5 years. At the same time, the most hindering sectors for women's participation are economic and political ones.Against this backdrop, International Women’s Day celebrates the social, economic and cultural achievements of women all over the world. To commemorate this important day, Cointelegraph has organized a roundtable event....
The U.S. Internal Revenue Service (IRS) has reportedly launched an operation to target cryptocurrency investors. Dubbed “Operation Hidden Treasure,” the team consists of agents trained in the field of cryptocurrency and transaction tracking. Damon Rowe, Executive Director at the IRS Office of Fraud Enforcement, unveiled “Operation Hidden Treasure” last week at a Federal Bar Association presentation on combating fraud, Forbes reported. The long-time veteran of the IRS Criminal Investigation division explained that the office has put together a dedicated team of IRS....
In announcing bitcoin-focused company Seetee to shareholders of Aker ASA, billionaire Kjell Inge Røkke made a notably bullish case for BTC.Aker ASA, a Norwegian holding company that is majority owned by billionaire Kjell Inge Røkke, has announced the formation of a new company called Seetee in a letter to shareholders. The company will focus on investing in Bitcoin-focused projects and will hold all liquid assets in bitcoin.“First, we will use bitcoin as our treasury asset and join the community,” the letter, penned by Røkke, reads. “In Bitcoin speak, we will be hodlers... Second,....
Here’s what crypto and blockchain industry experts think about the role of women in the fintech space and global economic development. The economic recession of 2008 to 2009 resulted in the invention of Bitcoin (BTC), creating a brand new financial system that is now growing and developing rapidly. Back then, the Harvard Business Review published an article titled “The Female Economy” pointing out that about $20 trillion of the annual consumer spending in the world was controlled by women, and “That figure could climb as high as $28 trillion in the next five years.” Also in 2009, Claire....
Deutsche Borse’s Xetra prepares to list two Ether ETPs and a Bitcoin Cash ETP on Tuesday, stating that crypto ETFs are unlikely to come soon due to EU regulations. Deutsche Borse’s electronic trading platform, Xetra, is preparing to launch its first Ether (ETH)-based exchange-traded products, or ETPs.According to data from Xetra, the platform is set to debut trading of two Ether ETPs — ETC Group’s Ether exchange-traded commodity, or ETC, product (ZETH) and 21Shares’ Ethereum ETP (AETH) — on Tuesday. A spokesperson for Deutsche Borse told Cointelegraph that the two products will be the....
Ultra gains momentum as the popularity of NFTs and cross-chain interoperability help propel UOS token to new highs. Video games and online gaming have become some of the largest industries on the planet over the past thirty years as digital technology and the internet have interconnected people from around the world and transformed us into a global society. Decentralization and blockchain technology are gathering steam as a transformative new way to operate and build an ecosystem, and Ultra (UOS) is one gaming-focused project that has been gaining momentum in recent months. Ultra, a....
The former head of product at Brave looks to drive the crypto media platform's evolution. Cointelegraph, the world’s foremost blockchain-focused media platform, is pleased to announce that tech veteran Elissa Beth Shevinsky has joined the company as chief technology officer.Shevinsky began her Bitcoin (BTC) journey in 2013, selling shirts for BTC as part of a fundraising campaign for her encrypted messaging startup, Glimpse, but her career in software began earlier — as employee number 33 at Everyday Health, which went public in 2014. More recently, she served as head of product at Brave....
Payments giant PayPal will be acquiring digital asset custody provider Curv as it strengthens its new cryptocurrency services.Today, digital payments giant PayPal announced the acquisition of Curv, a digital asset security infrastructure and custody company based in Tel Aviv, Israel. The acquisition of Curv, founded in 2018, should help the company’s security as it allows customers to buy, sell and hold cryptocurrencies directly on the platform, an addition of services announced in October 2020.“As a pioneer in security infrastructure for digital assets, Curv is proud to be recognized as....
Payments giant Paypal has announced that it is acquiring Tel Aviv-based crypto security infrastructure provider Curv. According to Paypal, this acquisition will help the company “expand its initiatives to support cryptocurrencies and digital assets.” The deal is reportedly worth less than $200 million. Paypal Holdings Inc. (NASDAQ: PYPL) announced Monday “that it has agreed to acquire Curv to accelerate and expand its initiatives to support cryptocurrencies and digital assets.” Founded in 2018 by CEO Itay Malinger and CTO Dan Yadlin, Curv is a leading provider of....
Technical and fundamental support for Bitcoin is growing — possibly at the expense of gold. A number of indicators suggest that Bitcoin (BTC) is pushing aside gold as the premier safe-haven asset. This could set the stage for wider mainstream adoption of the digital currency, according to Mike McGlone, a senior commodity strategist at Bloomberg.McGlone tweeted Monday that the battle between the safe havens is beginning to favor Bitcoin, based on technical and fundamental indicators. He explained: “Gold will always have a place in jewelry and coin collections, but most indicators point to....
The narrative taking place across the finance industry, is that cryptocurrencies like Bitcoin and Ethereum are the way of the future and gold’s days are numbered as a store of value. While the “digital gold narrative” has already taken a major dent out of the precious metal’s momentum, according to a top Bloomberg Intelligence analyst, “most indicators point to” Bitcoin replacing the aging asset an an “accelerating pace.” Bitcoin Is Replacing Gold As “Store Of […]
The gender disbalance in the crypto space is still huge, though it is in our hands to make it more inclusive for everyone. If we want to democratize finance, we need to start with practical initiatives. As women in the industry, what can we do to expand our reach to end-users or entrepreneurs who would be the last to embrace this technology? How can we improve our search for talent to cover universities and geographies that we wouldn’t normally look to? Comparatively, there are relatively few women and people of color in the C-suite of blockchain companies or inside institutions leading....
Born during the 2017 bull run, Lily Knight is an early adopter in more ways than one. Though Lily Knight may not yet be old enough to spell "cryptocurrency," she’s already taking people to school when it comes to Bitcoin.In a prerecorded video message — because it was past her bedtime — for virtual attendees at the Women of the Future crypto and blockchain conference on Monday, Lily offered some innocent enthusiasm for Bitcoin (BTC) to kick off International Women’s Day. The three-year-old, touted as the "world's leading cryptocurrency expert in the toddler space," was the youngest speaker....
Thanks to the innovation of blockchain technology, cryptocurrencies and many of the applications built around them benefit from incredible security that most traditional financial products struggle to match. This has led to the development of a huge range of decentralized finance (DeFi) products, which allow individuals and businesses to shop, invest, trade, and manage their money without relying on centralized intermediaries. For the first time, users have had full control of their money and their […]
Wallets interacting with Ethereum-based decentralized finance protocols have dipped significantly since mid-February. According to DappRadar, the unique active wallet count on the Ethereum decentralized finance market has seen a significant drop. Between mid-February and the time of writing, unique active DeFi wallets on Ethereum have dipped almost 40%.While Ethereum gas fees seem to have bottomed out, the high transaction costs that have characterized the network over the past few weeks appear to have resulted in a marked effect on DeFi user statistics.Source: DappRadarMajor DeFi....
On March 3, a group of anonymous art enthusiasts decided to burn an original Banksy screenprint worth roughly £70,000 or around $95,000 USD, and then turned it into a non-fungible token (NFT) asset. The art now exists as an NFT and was auctioned for 228.69 ethereum or $394k using today’s ether exchange rates. However, not everyone was impressed by the NFT transformation, as the cofounder of myartbroker.com says the NFT sale raises the idea that “the only morons in this transaction are the buyers and stunt artists themselves. A Burned Banksy Transformed Into an NFT Sells....
Despite the recent bitcoin sell off, there are several very bullish on-chain indicators showing HODLers are accumulating through this dip.At the time of this writing, bitcoin’s price is in the midst of a consolidation that has lasted almost two weeks, currently sitting at $47,200. One of the most important data points that can be used to generally call bottoms of corrections is the spent output profit ratio (SOPR) metric. This measures profit-taking, with 1.00 essentially marking the break-even point. In bitcoin bull markets, SOPR rarely dips below 1.00 and if it does, this can indicate a....
Bitcoin must overcome a big hurdle at $52,000 for any chance to break new highs in the short term. Bitcoin's (BTC) price has been consolidating in the previous weeks as the sentiment and momentum have slowed to a crawl. That's very natural, as it's also impossible to throw a six every time. Therefore, consolidation and correction are necessary for the market to recharge before resuming the uptrend. Several reasons were given for such a corrective move in the previous weeks, the primary ones being whales selling in addition to macroeconomic factors, particularly the surge in Treasury....
NYDIG and its strategic partners will work together on Bitcoin-related initiatives following a $200 million funding round. New York Digital Investment Group announced the completion of a $200-million growth capital funding round for business initiatives relating to Bitcoin (BTC). The funding round was led by NYDIG strategic partners Morgan Stanley, Stone Ridge Holdings Group, Soros Fund Management and MassMutual, among others.NYDIG, a provider of Bitcoin-related technology and investment services, will work alongside its strategic partners in applying Bitcoin-focused solutions to the....
American investment bank Goldman Sachs confirms its crypto desk plans and reports that 40% of its surveyed clients already have exposure to crypto. American banking giant Goldman Sachs has officially confirmed its plans to revive a cryptocurrency trading desk amid increasing demand from investors.Matt McDermott, global head of digital assets for Goldman Sachs' global markets division, announced that the company will provide access to CME Bitcoin (BTC) futures on its upcoming crypto platform. In a Friday Exchanges at Goldman Sachs podcast, the executive also noted that Goldman Sachs will....
Bitcoin sees weakening momentum as the U.S. dollar recovers and Treasury yields rise. The price of Bitcoin (BTC) is struggling to break past $51,000 on March 8 as the U.S. Treasury yield is rising again, while the U.S. Dollar Index (DXY) is at the highest levels in over three months.The global stock market, including equities in the United States and Asia, has pulled back in tandem as the U.S. Senate's stimulus approval has sparked inflation fears.BTC (orange) vs. DXY (green) vs. Treasury yield (blue). Source: TradingviewWhy is Bitcoin dropping off of inflation fears?As Welt market analyst....
Not all cryptocurrencies have the attributes desired by central banks for hosting CBDCs. A 44-page report commissioned by CPA Australia delves into the status of Central Bank Digital Currency development worldwide, while exploring viable blockchain candidates for hosting CBDCs in the coming years.The report offers up evaluations of the three most transacted cryptocurrencies in Bitcoin (BTC), Ethereum (ETH) and XRP (XRP), and analyses their suitability (or lack thereof) for use by central banks. Bitcoin’s decentralized network and lack of oversight by banks or governments makes it generally....
An early morning sell-off in the Bitcoin market hinted at calming down after more corporates revealed their investments into the cryptocurrency. Meitu, renowned globally for its photo editing app, incorporated $17.9 million worth of Bitcoin and $22.1 million worth of Ether (the native cryptocurrency of the second-largest blockchain project, Ethereum) into its balance sheet. In […]
The latest Bitcoin ETF to hit the market comes as the United States is yet to approve any homegrown competitors. Bitcoin (BTC) exchange-traded funds (ETFs) continue to multiply as a new entrant hits the Canadian market on March 9.In a press release on Monday, Galaxy Digital Capital Management, a subsidiary of financial services and investment management company Galaxy Digital, confirmed that the CI Galaxy Bitcoin ETF would likely start trading this week.Purpose ETF gets major competitorThe launch will see Galaxy join the TSX Purpose Bitcoin ETF as one of the pioneering ETF products in....
The Indian finance minister has finally revealed clues about what is in the cryptocurrency bill that is due to be introduced in parliament. Mentioning no crypto ban, she said that the government will take “a very calibrated” approach to cryptocurrencies. Indian Finance Minister Provides Clues on Upcoming Crypto Regulation Indian Finance Minister Nirmala Sitharaman shed some light on the upcoming crypto regulation in her country during CNBC-TV18’s IBLA townhall Friday. This is the first time she talked about the content of the bill and the Indian government’s plans....
The acquisition will provide Argo with access to up to additional 200MW of cheap and renewable electrical power. Publicly-listed mining company Argo Blockchain has finalized its acquisition of a new, 320 acre land plot in West Texas, United States, which it plans to use for the construction of a new 200NW cryptocurrency mining facility.News of the planned acquisition first broke in mid-February, after Argo entered into a Letter of Intent with DPN LLC of New York. Details of the deal indicate that the acquisition was completed at an initial price of $5 million, satisfied by the issue of....
PRESS RELEASE. ESTONIA — MARCH 8, 2021 — YIELD App, the DeFi wealth management platform bridging traditional and digital finance, is pleased to announce the launch of its Ethereum fund, allowing users to earn high-interest returns on their Ether (ETH). Following a successful public launch and token listing (YLD), YIELD App can now offer its users up to 20% APY on their ETH and stablecoins. Ethereum deposits will be gradually open to YIELD App users over the next several days. The platform now accepts deposits of USDC, USDT, ETH, and YLD. YIELD App has seen notable progress....
Aker ASA has created a new subsidiary firm to hold Bitcoin on its balance sheet and invest in other companies in the crypto space. Aker ASA, a $6 billion Oslo Børs-listed holding company is set to begin investing in Bitcoin. According to a press release issued on Monday, Aker has created a new company called Seetee AS whose mission is to invest in Bitcoin (BTC).The newly formed Seetee will also delve into the Bitcoin mining arena while looking to forge useful partnerships with major players in the crypto space. Indeed, Seetee has reportedly entered into a collaborative agreement with....
UNI prices slipped on Monday as traders decided to secure their profits after the cryptocurrency rallied to an all-time high in the previous session. Trade Setup The Uniswap decentralized exchange’s governance token was down by up to 5.57 percent to $32.34 during the early European session. Its latest move downhill extended its correction to 7.92 […]
The UAE has been proactive in integrating blockchain into the existing governance ecosystem, and the private sector benefits from the spillover effect. It is no secret that the United Arab Emirates, along with Switzerland, Singapore and several other countries, is one of the most forward-looking tech nations in the world, with the Middle Eastern powerhouse promoting the use of blockchain in almost every sector imaginable, from energy to shipping to media.To help the country with its adoption efforts, the UAE government has launched two extensive, well-crafted initiatives — i.e., the....
Bitcoin allows minorities to circumvent institutional banking processes that have long carried out discriminatory practices. There’s a rumbling in the crypto world. Long perceived — not unjustly — as a boys’ club, 2020 has seen more women entering Bitcoin (BTC) and other cryptocurrencies than ever before. If the trend continues, we’ll see a welcome influx of women in the space.A recent survey by Gemini reports that women’s investment in cryptocurrency has surged 20% over the past year among a nationally representative sampling of United Kingdom investors. Among those planning to invest in....
Sohrab Sharma, a co-founder with the now-defunct Florida cryptocurrency firm, Centra Tech, has been sentenced to eight years in prison after he pleaded guilty to charges of duping investors via a fraudulent initial coin offering (ICO). Additionally, the court has ordered Sharma to forfeit $36,088,960. Material Misrepresentations Prior to Sharma’s sentencing, the U.S. Department of Justice (DOJ) similarly announced the jailing of Robert Joseph Farkas, another mastermind of Centra Tech. Both Sharma and Farkas are accused of using fabricated business relationships with legitimate....
The South Korean tax authority is trying to track the movement of ICO funds raised in foreign countries into its domestic markets. The ICON Foundation, creator of the ICON (ICX) project, has issued an official response to the news that South Korean tax authorities are investigating its technical partner, ICONLOOP. In a statement published on Monday, the chairman of the ICON Foundation, Min Kim, said that the ICON Foundation would not be affected by the investigation, noting that ICONLOOP is operated as a separate entity.The ICON Foundation is a non-profit organization based in Switzerland.....
The latest trend to take over the cryptocurrency world is an unprecedented convergence of digital assets and art, and other collectibles called NFTs. The popularity of NFTs has spilled into the mainstream, with Grimes earning $6 million on digital assets and Wu-Tang Clan set to release a legacy set with 36 ultra-rare tokens. However, an innovator in the space is releasing 13337 art pieces via a unique, smart contract-based “reveal” sale that encourages fair availability […]
$50,000 support remains elusive but data suggests that the Bitcoin bull run is still "sustainable" with few sellers lined up. Bitcoin (BTC) starts a new week on a firmly bullish note as stocks tumble and BTC managed to close the week above $50,000. After a mixed performance last week that saw multiple tests of $46,000, buyer support is entering and BTC/USD is within 15% of all-time highs.Cointelegraph takes a look at what might lie in store for traders in the coming days with five factors likely to affect Bitcoin price action.Stocks nosedive as USD gainsThe tide is turning on the equities....
Many Bitcoin strategists and investors started 2021 with deep-rooted convictions that the US dollar would weaken.
Detained antivirus software entrepreneur John McAfee points a 1,000% spike of DOGE since he called it the “coin of the week” years ago. Troubled antivirus software entrepreneur John McAfee has claimed that Dogecoin (DOGE) was part of new charges brought against him by the United States Department of Justice. In a Sunday tweet, McAfee pinpointed that DOGE was one of several cryptocurrencies that he endorsed as part of his “coin of the day” tweets about four years ago. “For a few days in 2017 I chose coins I believed had value,” McAfee stated regarding his choice of cryptocurrencies.The....
Uniswap’s UNI climbed over 10% and it even broke the $34.00 resistance against the US Dollar. A new all-time high is formed near $34.60 and the price is likely to rise further. UNI gained pace above the $30.00 and $32.00 resistance levels against the US dollar. The price is trading nicely above $34.00 and the […]
Defi token sales are seeing huge demand right now, with everyone looking to capitalize on the release of the latest IDOs from emerging crypto projects. The token launch of an innovative project is just the first step in creating a sustainable ecosystem, with a community of early stakeholders necessary to evangelize the platform. The success of cryptocurrency IDOs has been a blessing and a curse for project development teams. They provide access to large amounts […]
The bitcoin price retraced from its upside weekend session against the prospect of an ongoing rise in US borrowing costs.
Long-term accumulation and the increasing popularity of DeFi yield protocols is siphoning Bitcoin away from centralized exchanges. Data from on-chain crypto information aggregator Glassnode indicates the number of Bitcoin held on centralized exchanges has fallen by roughly 20% in 12 months.The data suggests investors are accumulating BTC and withdrawing them from exchanges into cold storage, creating a supply crunch. #Bitcoin Balance on Exchanges taking another dive pic.twitter.com/F20tohfXsu— William Clemente III (@WClementeIII) March 7, 2021 On March 6, Glassnode also shared data....