Hollywood elite will receive NFTs in recognition of upcoming awards ceremony

Data shows pro traders are not buying the current Bitcoin dip as tomorrow’s $1.55 billion options expiry looms. Bitcoin (BTC) has been bouncing at the $51,000 support for the past 44 days. Typically, this would be interpreted as a positive occurrence, especially considering that the $50,000 level represents a 75% advance in 2021. However, cryptocurrency investors are typically short-term-focused and always overly optimistic. Thus, the current narrative for Bitcoin is slowly turning bearish but aside from sentiment, what story are the fundamentals telling?However, there is a possibility....

A 0.001 BTC withdrawal is equivalent to around $51.80 based on current prices. Square's Cash App, a Bitcoin-friendly mobile payments platform, has raised its minimum withdrawal requirements for BTC holders.The minimum withdrawal amount for Bitcoin accounts is now 0.001 BTC, or 100,000 satoshis, compared with 0.0001 BTC, or 10,000 satoshis, previously. With Bitcoin hovering around $51,800, 0.001 BTC is equivalent to $51.80. The leading cryptocurrency was in the midst of another large correction on Thursday, having fallen 6%. Bitcoin is down over 19% over the past seven days, according to....

Measuring assets’ value in terms of time can help us understand why Bitcoin’s potential upside is so much greater than that of stocks.

NFTs have added a new dimension to the crypto space, creating ripples in the market, the likes of which haven’t been seen in a long time. Legends of Crypto (LOC) is one of the most highly anticipated NFT projects that is currently in the initial phase of market penetration. Legends of Crypto hopes to become […]

On April 22, published documents stemming from law firm Ontier LLP show London’s High Court is granting the law firm permission to serve legal proceedings over copyright infringement against the owner of bitcoin.org, a pseudonymous operator called “Cøbra.” The legal proceedings involve “hosting and publishing” a copy of....

As Hard Fork Combinator (HFC) “Alonzo” approaches, more DeFi projects are emerging for Cardano. A few days ago, Input-Output Global (IOG) Marketing and Communications Director, Tim Harrison, said there is a “huge” interest from developers towards the platform and its smart contract capabilities. In that sense, a team of developers led by Ryan Morrison from […]

This week on the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with the CEO of Argo Blockchain to cover all things Bitcoin mining.

Over the last weekend, SafeMoon grabbed the attention of crypto investors and enthusiasts after it gained over 99%. On April 20, the token quickly rose to its highest level settling at an exchange price of $0.000013, according to data from CoinMarketCap. The DeFi token was founded by John Mating with the aim to circumvent bank […]

Despite what the critics might tell you, blockchain is greener than ever. It’s as reliable as the changing of the seasons: another year, another Earth Day, and another misguided missive about crypto’s outrageous energy consumption.Last week, the New York Times published a piece in their “Climate and Environment” that sought to remind readers of the “astonishing environmental costs” of cryptocurrency mining. It’s a prime example of what’s quickly becoming an editorial subgenre, including references to dubious research claiming that Bitcoin mining alone will push global warming above Paris....

Centralized and decentralized exchanges are stepping up their game, with the upcoming launch of Uniswap v3, competition in the sector is bound to be fierce. PancakeSwap’s second iteration is also around the corner. CAKE holders will be able to profit. In a recent vote, PancakeSwap’s community decided to approve a feature called the “Big Burn”. […]

Ether, MKR and SOL rally to new all-time highs, while Bitcoin's price is stuck in what one analyst says is a range dominated by bots. Bitcoin (BTC) price is still stuck in what traders hope will be a short-term downtrend as the impact of the April 18 rumors of a crackdown on “unnamed financial institutions” for facilitating money laundering using cryptocurrencies have yet to be shaken off. Data from Cointelegraph Markets and TradingView shows that since being pummeled below the $51,000 level on April 18, the price of BTC has been trading in a range between $52,500 and $57,500 and....

Olympia Trust Company expects to receive an exclusive Canadian license to use a proprietary bitcoin custody system developed by Knox.Olympia Trust Company, a Canada-based, non-deposit-taking trust company, will soon receive an exclusive Canadian license to use a proprietary bitcoin custody system developed by Knox, according to a press release.Both companies will determine the final shape of the agreement following the completion of due diligence.“Upon completion of the transaction, it is anticipated that Olympia Trust will be one of the few Canadian financial institutions able to hold....

Algorand and ClimateTrade are working on a sustainability oracle that would drive down carbon emissions. Smart contract platform Algorand plans to achieve a carbon-negative network by implementing a “sustainability oracle” in partnership with ClimateTrade, in a move that could make blockchain adoption more environmentally friendly. The partnership, which was announced Thursday, enables Algorand to notarize its on-chain carbon footprint and then lock the equivalent amount of carbon credits into a so-called green treasury. Silvio Micali, Algorand’s founder, said his company is focusing on....

The U.S. Securities and Exchange Commission (SEC) has asked the judge in the SEC v. Ripple case to block Ripple and its executives from accessing various internal records it claims are unrelated to determining whether XRP is a security. The SEC says that the “defendants do not actually seek relevant evidence, but rather seek to harass the SEC, derail the case’s focus away from its merits, and bog down the SEC with document review.” SEC Seeks to Limit Ripple’s Access to Its Records The SEC wrote a letter to Judge Sarah Netburn Wednesday attempting to block Ripple....

The CEO of Thodex, a Turkish cryptocurrency exchange established in 2017, has fled the country and left user funds irretrievable.The CEO of Turkish cryptocurrency exchange Thodex, Faruk Fatih Ozer, has fled the country after failing to transfer his shares to another investor, leaving “the remaining assets of about 390,000 active users ‘irretrievable,’” according to a report by Bloomberg.Thodex’s lawyer, Bedirhan Oguz Basibuyuk, said the CEO fled Turkey because he would have been “either arrested or committed suicide” otherwise. Basibuyuk also explained that there was a liquidity problem....

“We can hold on to the way it’s always been done, or we can drive innovation. We have to be willing to embrace the future.”With a population of some 67,000 people, sitting about 70 miles east of Memphis, there’s nothing particularly cypherpunk about the city of Jackson, Tennessee. But Mayor Scott Conger realizes that it can benefit from embracing Bitcoin nonetheless, just like any other city in the world.“I’ve been interested in Bitcoin for a while, but it’s been from a distance as a spectator,” Conger told Bitcoin Magazine. “In the past few months, I’ve gotten more interested and I am....

According to Darin Feinstein, the Chinese government isn't helping to protect the private property of its crypto miners. Crypto mining company Blockcap, which recently announced it would be setting up new offices in Austin, says Texas could become an alluring region for the industry.In an exclusive interview with Cointelegraph, Blockcap founder and executive chair Darin Feinstein said the firm had chosen Texas for its headquarters based on the potential hiring pool as well as the regulatory environment. According to Feinstein, blockchain companies operating in the United States — and Texas....

The global distribution of hash power may shift as various factors come into play during Bitcoin’s continued growth.Flex Yang is the CEO of Babel Finance, a leading cryptocurrency financial services provider based in Asia.What Are Some Key Factors In “Winning” The Global Hash Power War?In 2021, the bitcoin market is surely reaching an inflection point, as its market cap surpassed $1 trillion. Bitcoin’s ecosystem has seen evolutionary growth and structural change, but there are noticeable trends that have been disrupting Asia’s bitcoin mining industry, from the continent’s declining share....

Huobi Group is targeting institutional investors with its new crypto-focused private equity offerings. Huobi Technology Holdings — a part of the Huobi Group, which includes leading Seychelles-based cryptocurrency exchange Huobi Global — has launched four digital currency funds targeting $100 million in assets by September, setting the stage for wider institutional adoption. The company said it has already secured $50 million in commitments across the four funds, putting it on target to reach its total assets-under-management target by September. The funds will track the prices of Bitcoin....

Stablecoins aren’t anything new. They’ve been around almost as long as cryptocurrencies have, with the first bonafide stablecoin launched way back in 2014. Since then, they’ve largely been used by traders and investors looking for a temporary reprieve from volatility. But it wasn’t until relatively recently that stablecoins began to evolve to offer users more […]

There was no moderator. SafeMoon used Twitch as a platform for the event. There were other people on the panel but they weren’t properly introduced. The company’s CEO, John Karony, played master of ceremony. The company’s CTO, Thomas Smith, played the show’s main guess. They both played themselves.  What Happened At SafeMoon’s AMA? SafeMoon promised […]

With a 7% increase over the past day and a 53.4% in the monthly chart, Ethereum trades at $2.636,08 and seems to be leading this alt season. Former Goldman Sachs executive, Raoul Pal, has shared data to demonstrate the bullish case is real and ETH’s potential to push into uncharted territory for the rest of […]

The Grayscale Bitcoin Investment Trust continues to trade at a significant discount compared to the bitcoin it holds.Grayscale has added $283.3 million to its premier Grayscale Bitcoin Investment Trust (GBTC) product, despite the fact that the product continues to trade at a significant discount compared to the bitcoin held within.An update from Grayscale on April 20 indicated that GBTC had $36.1769 billion worth of assets under management (AUM), and an update on April 21 indicated that its AUM had risen to $36.4602 billion in AUM, a rise of $283.3 million. The updates indicated that....

The U.S. House of Representatives has passed a crypto-related bill introduced by pro-bitcoin Congressman Patrick McHenry. It requires the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to establish a working group focused on digital assets. Bill to ‘Ensure Collaboration Between Regulators and Private Sector’ on Cryptocurrency The U.S. House of Representatives passed several bipartisan bills on Tuesday, including H.R. 1602, introduced by pro-bitcoin Congressman Patrick McHenry, the Republican leader of the House Financial Services....

Bitcoin is back below $60K, and could be in trouble for the first time since early last year. And while most agree the bull market isn’t over, the short term trend has now been taken over by bears according to one technical indicator. The tool itself measures the strength of both sides of the coin, […]

There is no room for doubt that the crypto world has grown exponentially but there are still gaps to be filled. People have got used to limited capabilities of accessing the full potential of their digital assets. For years, people have been tackling high fees, outdated technology, over-collateralization, low liquidity, and many problems inhibiting the […]

Another city in the United States is looking to add Bitcoin payments and mining activities to the city’s balance sheet. Jackson, Tennessee is the latest city in the United States moving to adopt Bitcoin (BTC) payments and mining, following recent crypto developments in Florida.Jackson Mayor Scott Conger announced Wednesday that the city is actively exploring the option to pay its employees in cryptocurrency in addition to mining Bitcoin and adding it on the city’s balance sheet. The mayor hinted that the city is looking to enable payrolls in several digital assets, mentioning coins like....

Bitcoin price is back below $55,000, unable to keep its bullish momentum it had leading into the Coinbase Global listing. Since then, things have turned down. The fall back below $60,000 has with it also taken the coin below a critical life-saving support level that’s been untouched since late 2020. Bitcoin Loses Life-Saving Support Level, […]

A raise to the Cash App bitcoin withdrawal minimum suggests increasing transactions and fees were becoming a burden.Square’s Cash App has raised its minimum withdrawal minimum to .001 bitcoin (100,000 satoshis), up from the previous minimum of .0001 bitcoin (10,000 satoshis). According to the Cash App withdrawal instructions page, “You must have a balance of at least 0.001 bitcoin to make a withdrawal. You can withdraw up to $2,000 worth of bitcoin every 24 hours and up to $5,000 within any 7-day period. Transfers to external wallets usually take around two hours but can take longer.” Per....

Altcoins begin to deliver gains on Thursday, while Bitcoin stays down, bringing its market cap dominance below 50%. Ether (ETH), the largest altcoin by market capitalization, hit new all-time highs on April 22 despite a bearish phase sweeping through Bitcoin (BTC) and other cryptocurrencies.ETH/USD 1-hour candle chart (Bitstamp). Source: TradingViewEther's price claims new recordCointelegraph Markets Pro and TradingView showed ETH/USD hitting $2,600 on April 22 for the first time, on the back of 9.2% daily gains.Against Bitcoin, Ether was also on fire, hitting 0.047 — its highest since....

Thomas Farley said traditional Wall Street banks made the Coinbase stock listing and innovations in crypto possible by largely ignoring the industry. Thomas Farley, president of the New York Stock Exchange, said the world of finance was "past the point of no return" on crypto following Coinbase's public listing last week.In an interview with CNBC’s Squawk Box on Thursday, Farley said he was excited to talk about developments in the crypto space such as Coinbase’s COIN listing on stock exchanges and decentralized finance, or DeFi. The New York Stock Exchange president said he had invested....

With a new facility in Texas, Argo Blockchain is now working on a bitcoin mining pool with renewable energy sources only.Bitcoin mining company Argo Blockchain is on a new adventure as it sets up shop in West Texas, a growing North American mecca for the industry.“We are really excited about this site,” Argo CEO Peter Wall recently told Bitcoin Magazine. “We purchased a 320-acre plot which has access to 800 megawatts of electrical power. Over the next 12 months, we will build a new 200 megawatt mining facility.”Texas Governor Greg Abbott has opened his arms to bitcoin miners, signalling....

Jihan Wu, the co-founder of Bitmain, is worried about Bitcoin’s future. Per a report by Colin Wu, the co-founder of Bitmain told Chinese miners there are “environmental protection issues”. Therefore, institutions currently buying or holding BTC could be more concerned about the origins of their coins. This idea has been gaining momentum amongst some investors. […]

On April 21, the bitcoin mining rig manufacturer Canaan announced the firm will be supplying 11,760 next-generation A1246 ASIC Avalonminers to a company called Mawson Infrastructure Group. The announcement notes that the mining units will be dispersed among Mawson’s bitcoin mining operations, and will add over an exahash of hashrate to Mawson’s mining facilities. Canaan to Supply Mawson Infrastructure Group With 1 Exahash of Hashpower via 11,760 Delivered Machines Bitcoin mining has grown massive during the last few years and during the last six months, massive purchases have....

While demand for Bitcoin remains high, current profit-taking behavior suggests that the market may be on the verge of turning bearish. After weeks of Bitcoin (BTC) sell-offs, high-net worth Bitcoin holders, or whales, are finally back to buying. Their buying activity not only picked up when BTC's price broke out of the two-months ascending triangle to new all-time highs, but it has also stayed intact since the price crash on April 18.Whales have come back to accumulate BitcoinWhales' continuous buying activity comes at a time when the number of addresses holding more than 1,000 Bitcoin has....

Bitcoin Press Release: Blockchain-powered supply chain management platform, Morpheus.Network, has launched an updated platform, forged an Agribusiness agreement with the Argentinian government, and was a winner in the 2021 “Future of Ports” competition. 22nd April, 2021, Burlington, ON — Morpheus.Network is one of the world’s leading supply chain ecosystems and is changing the face of […]

Dogecoin posting over 14,000% gains in a year could be a sign of the rise of retail investors in the crypto market, but will the price go up even further? Dogecoin (DOGE) has been the talk of the crypto town in the month of April. On the first day of the month, it was trading in its usual $0.05 range. On April Fools’ day, Tesla CEO Elon Musk tweeted about the coin yet again. His tweet read, “SpaceX is going to put a literal Dogecoin on the literal moon” — SpaceX being the aerospace company that Musk also founded. Although the tweet was intended as a joke, it set the Shiba Inu-themed meme....

LONDON, UK / ACCESSWIRE / April 20, 2021 / Atlanta-based BitMinutes Inc. (BitMinutes.com), a financial services technology company leveraging blockchain and pre-paid minutes tokenization to provide financial inclusion to the global consumer, announced today its partnership with GoodDollar.org, a social impact initiative who distributes free digital currency as part of its mission to onboard and educate the […]

The supply-demand factor is pushing Ethereum towards undiscovered heights. At least, that is what appears to be the case as the world’s second-largest cryptocurrency climbs to a new all-time high just as its active supply across all the major crypto exchanges declines. Data fetched by CryptoQuant, a South Korea-based blockchain analytics platform, elaborated it further, […]

Wallex Trust & Custody, a fintech company based in the USA and Europe that offers trust and custody services among its clients across borders notably in Europe, Asia, and Africa, has announced it has received a banking Crypto and Insurance license issued by the Comoros International Banking Authority (CIBA). This official recognition as a bank charter allows Wallex to operate and offer asset and digital asset banking and insurance services in the Union of the Comoros in particular, and most notably on a global scale arena as well. CIBA Authorizes Wallex Bank To be officially called Wallex....

Let’s not kid ourselves, SafeMoon is trending because of the unprecedented price increase. The novel token grew 6000% in just a month, leaving the whole crypto industry speechless. It has since fallen tremendously, but the project is still in everyone’s mouth. The new Doge, people call it. Is that supposed to be a compliment? Or […]

Coinbase averted the delisting of its shares from the German stock exchange after submitting legal documents that had originally been neglected in error. The scheduled delisting of Coinbase shares from the German Deutsche Boerse stock exchange appears to have been averted. The platform announced on Wednesday that Coinbase would be removed from the Xetra and Frankfurt stock exchanges this week after it was discovered the cryptocurrency exchange had not submitted proper reference data for its shares. The removal date was originally scheduled for Friday at the close of the day’s trading....

AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the Showcase Token (SHO) under the pair USDT/SHO  on Apr 28 at 1:00 p.m. UTC. Showcase is an NFT mobile application designed to empower micro-influencers and fans.  It provides a platform for content creators […]

Bitcoin Press Release: Bitcasino.io has added payments for top cryptocurrency Cardano (ADA) on it’s casino platform.  22nd April, 2021, Tallinn, Estonia – The world’s first licensed Bitcoin-led casino operator, Bitcasino, has added Cardano’s ADA cryptocurrency as a payment method, allowing its holders to enjoy the casino’s wide range of games. Why Cardano? Cardano was launched […]

A major American DJ-related online music store has joined the crypto adoption frenzy by accepting bitcoin payments. Beatport is the latest firm that adopts a crypto payment gateway after signed a partnership with crypto exchange Crypto.com. Bitcoin Payment Gateway Will Be Launched in June Per Music Week, the digital music retailer will make the adoption official in June, enabling all customers to pay their subscriptions or buy tracks via bitcoin (BTC), processed by the Hong Kong-based crypto exchange. Robb McDaniels, CEO of Beatport, expressed its high interest in cryptocurrencies, as well....

New digital dispute rules could keep smart contract disagreements out of the courts with the help of an independent arbitration tribunal. A British government-sanctioned task force has proposed a dispute resolution framework that would keep cryptocurrency and smart contract disagreements out of the courts. A 14-page report published by LawTechUK’s UK Jurisdiction Taskforce puts forward new “Digital Dispute Resolution Rules” that aim to provide a standardized means of dealing with smart contract disputes. Under the remit of the new rules, crypto-based disputes could be resolved without any....

DeFi liquidity project MoonSafe is caught in a sea of controversy at present. Not only do prominent crypto personalities allege the project is a scam, but an analysis of its code by Obelisk reveals misleading claims about how liquidity provider (LP) tokens are secured. LP tokens are minted and sent to the liquidity provider’s address […]