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2 Turkish Crypto Exchanges Investigated for Fraud After Central Bank Bans Cryptocurrency Use for Payments
25.4.2021
Two Turkish cryptocurrency exchanges are being investigated by the authorities in Turkey after they abruptly halted trading. The authorities have blocked access to the bank accounts of the second exchange and detained four people so far. Sixty-two people have been detained in connection with...
Top 5 cryptocurrencies to watch this week: BTC, ETH, BNB, XMR, CAKE
25.4.2021
Bitcoin price remains pinned below $50,000 but the drop in BTC dominance could propel ETH, BNB, XMR and CAKE higher over the short term
‘Nothing Goes up in a Straight Line’- S2F Creator Plan B Claims Bitcoin Price Drop a ‘Mid-way Dip’
25.4.2021
Bitcoin prices have dropped below the $50k region during this week’s trading sessions sinking to a low of $47,555 on Friday. The popular creator of the stock-to-flow (S2F) bitcoin price model, Plan B has discussed the recent price dip and stressed that “nothing goes up in a straight...
Bitcoin dominance teeters at 50% as ETH, altcoins gain traction
25.4.2021
The Bitcoin dominance index has collapsed by 20 percentage points since the start of 2021. ETH, BNB and more speculative altcoin bets have seen their dominance rise over the same period
Ripple’s Chris Larsen Believes Bitcoin Dominance Could Fall Over Proof-of-Work’s Energy Consumption
25.4.2021
Ripple Labs cofounder Chris Larsen has a bone to pick with bitcoin and crypto networks that leverage proof-of-work (PoW). Larsen’s latest write-up explains that the crypto industry needs to reconsider PoW because of the effects on the environment. The Ripple executive believes that other...
The convergence between Tesla, SpaceX, renewable energy and Bitcoin mining
25.4.2021
To establish an interplanetary economy, humanity needs a better financial system that decentralized cryptocurrency can offer
Bittorrent Creator Bram Cohen’s Crypto Project Chia Sparks Hard Drive and SSD Shortages
25.4.2021
On May 3, tokens stemming from the Chia network, a smart transaction blockchain created by the Bittorrent creator Bram Cohen, will start trading and transactions will be fully enabled. Rather than leveraging the proof-of-work consensus algorithm, Chia will utilize a model called proof-of-space...
How Bitcoin and DeFi are Completely Different Phenomena
25.4.2021
Decentralized finance (DeFi) applications, specifically on Ethereum (ETH), have exploded in popularity over the past couple of years. While bitcoin appears to be here to stay as a global, apolitical store of value, the basic idea behind DeFi is to go beyond the creation of a new, base monetary...
UK Banks Getting Tough on Bitcoin, But AML Rules Are The Real Problem
25.4.2021
Matthew Shillito, Lecturer in Law, University of Liverpool.
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NatWest, the UK retail bank, has announced it will not engage with business customers who accept payment in bitcoin or other cryptocurrencies. It follows recent announcements from HSBC that it won’t allow transfers from digital...
African Digital Media Company Set to Hold NFT Auction Featuring Artwork by Kenyan Filmmaker Rich Allela
25.4.2021
A Kenya-based digital media company, Picha Images, is reportedly set to hold one of the first non-fungible token (NFT) auctions in Africa. The auction event, which is set to be held between April 26 through May 3, 2021, will initially feature the works of Rich Allela, the award-winning photographer...
Dogecoin Investor Becomes Millionaire in 2 Months, Inspired by Elon Musk
25.4.2021
A dogecoin investor has shared his story of how he became a crypto millionaire in a little over two months after learning about the meme cryptocurrency and pouring all his savings into it. He said he was inspired by Elon Musk’s tweets about dogecoin. A Doge Millionaire Shares His Story...
SEC Commissioner on Banning Bitcoin: ‘It’s Very Difficult to Ban Peer-to-Peer Technology’
25.4.2021
SEC Commissioner Hester Peirce believes that the U.S. government cannot ban bitcoin, stating that “it’s very difficult to ban something that’s essentially a peer-to-peer technology.” The commissioner is hopeful that with the new chairman who has deep knowledge of bitcoin...
3 things every crypto trader should know about derivatives exchanges
25.4.2021
Understanding open interest, funding rates and the differences between futures contracts is the starting point for any investor interested in trading crypto-based derivatives
OCC Grants Crypto Firm Paxos ‘Conditional Approval’ for US Bank Charter
24.4.2021
The digital currency and stablecoin issuer Paxos has been granted conditional approval for a bank charter under the Paxos National Trust in New York. The U.S. Office of the Comptroller of the Currency issued a preliminary conditional approval which means the regulating entity still has to authorize...
From Startup to Success Story — Morpheus.Network Is Transforming Global Trade With Blockchain
24.4.2021
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. Burlington, ON — Morpheus.Network...
DEX volumes continue to surge even as Bitcoin and altcoins correct
24.4.2021
Decentralized exchange volumes are on the rise as the pullback in the price of Bitcoin motivates some traders to book profits and rotate into altcoins
China’s Carbon Neutral Stance Puts Pressure on BTC Miners, Sichuan Electricity to Increase 150%
24.4.2021
Bitcoin’s global hashrate dropped ten days ago following a coal mine accident that caused significant grid blackouts in Xinjiang, China. While initial estimates had shown more than 40% of the hashrate dropped, statistics from a five-day average show the hashpower only lost around 25%....
New altcoin era? Dogecoin liquidations briefly surpass Bitcoin
24.4.2021
Dogecoin liquidations briefly surpassed Bitcoin, indicating high demand for DOGE and the altcoin market
Four arrested after Turkish exchange Vebitcoin closes its doors
24.4.2021
The arrested employees, including directors, are suspected of fraud
US State Passes Resolution Commending Satoshi Nakamoto and Bitcoin
24.4.2021
The U.S. state of Louisiana has passed a resolution to commend bitcoin for its success as well as commend the cryptocurrency’s pseudonymous creator, Satoshi Nakamoto, “for his contribution to economic security.” State Resolution Recognizing Satoshi and Bitcoin The Louisiana House...