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Showing posts from January 2, 2021

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Crypto Economy Spikes More Than 11%, Entire Market Cap Captures Over $800 Billion

Digital currency markets have seen decent gains this weekend as bitcoin touched another all-time high (ATH) on Saturday afternoon. Meanwhile, a number of other crypto assets have seen significant price rises as well, as the entire market capitalization of all 7,500+ digital currencies in existence is hovering above the $800 billion mark. The $800 Billion Crypto Economy This weekend, bitcoin (BTC) spiked to a new all-time high at $33,333 per unit and since then the price has dropped some after the ATH. At the time of publication, BTC is hovering above the $32k handle as the crypto asset has climbed 19.9% during the last week. Meanwhile, the cryptocurrency has a market valuation of around $602 billion which brings the bitcoin dominance index to just over 71%. Meanwhile, the second-largest market capitalization held by ethereum (ETH) is hovering around $88.6 billion. ETH has jumped over 21% this week, 25.4% during the last month, 119% over the 90-day span, and 12-months stats show...
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Rep. Soto seeks to create office to 'coordinate' Federal use of blockchain tech

The dedicated office would oversee "all non-defense related deployment and activities related to blockchain technology within the Federal Government.” A new bill filed on Thursday, H.R.9067, seeks to create an office that will “coordinate” federal applications of blockchain technology.  Sponsored by Rep. Darren Soto, a Democrat representing Florida’s 9th district, the bill would “establish an office within the Department of Commerce to coordinate all non-defense related deployment and activities related to blockchain technology within the Federal Government.” As of Dec. 31, the bill was referred to the House Committee on Energy and Commerce. While the text of the bill has yet to be released, the bill’s sponsor might give some indication of the kinds of blockchain technology applications such an office would seek to “coordinate.” Soto has proven in recent months to be an increasingly vocal proponent for both cryptocurrencies — which he accepts for campaign donations — and for...
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While Bitcoin Tapped New Price Highs, 78,000 Short Positions Worth Over $800 Million Got Liquidated

While bitcoin has crossed a new all-time price high in 2021, traders are leery toward shorting the crypto asset. Data from Bitfinex shows the number of short contracts has been extremely low in comparison to the total number of shorts in mid-March 2020. On Saturday, January 2, 2021, when the price of bitcoin surpassed $33k, over 100 million dollars in short positions were liquidated in a matter of minutes. On Saturday, during the afternoon trading sessions (EST), bitcoin ( BTC ) reached $33,333 per unit . The price is a lifetime high, in terms of fiat value, during the course of the crypto asset’s 12-year existence. Bitcoin’s value has also increased a great deal since March 12, 2020, otherwise known as ‘ Black Thursday .’ Since that day, the price of BTC has risen over 777% outshining nearly every asset under the sun, besides a few other crypto assets. Liquidated short on XBTUSD: Buy 10,000,000 @ 30864 🏅🏆💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯💯...
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Following delisting, Dash pushes back against 'privacy coin' label

Despite past claims, Dash insists that it's no more private than Bitcoin A recent tweet from Dash’s official Twitter account has invited criticism that the cryptocurrency, which once advertised its privacy features, is wilting in the face of possible regulatory scrutiny.  On Jan. 1, the US-based Bittrex exchange announced in a tweet that it would be delisting Monero, Zcash, and Dash: #Bittrex Customers: The $XMR , $ZEC , and $DASH markets will be removed on Friday, January 15th at 23:00 UTC. Details: https://t.co/8qAdjuwryJ — Bittrex (@BittrexExchange) January 1, 2021 The delistings follow a similar Dec. 29 announcement last week that Bittrex would be delisting XRP following a SEC lawsuit against Ripple , prompting speculation that the exchange preemptively delisted the privacy coins in anticipation of a wider regulatory crackdown.  In response, Dash announced in a tweet that they had “reached out to @BittrexExchange to request a meeting,” and that referring to ...
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BTC cracks $30K, supply squeeze worsens, XRP implodes: Hodler’s Digest, Dec. 27–Jan. 2

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.   Top Stories This Week Bitcoin price quickly climbs to $31,000, liquidating $100 million of shorts As 2021 began, Bitcoin was teetering on the edge of $30,000 continually hitting new all-time highs in the process. There was drama at the start of the week after BTC crashed by 6.5% in a matter of minutes, with a sell wall at $28,400 wiping thousands of dollars off its value. Bitcoin still had plenty of fight left. As New Year neared, a high-volume surge helped the worlds biggest cryptocurrency waltz past $28,500 and surpass $29,000 . And on Jan. 2, BTC rapidly s...
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Demystify 2021 with crypto trend predictions from the Cointelegraph crew

How will the crypto industry fare in the new year? Another year has come and gone. The rollercoaster that was 2020 requires little (if any) preamble. It must be said, however, that the blockchain segment experienced something of a return to form during these otherwise painful latter days. Indeed, we closed the year with prices on the up, legal ambiguities increasingly dehazed , and the adoption of distributed technology at a historic apex . With these expository factors lighting our way, let us take a moment to gaze into the future, as speculatively foreseen by the staff at Cointelegraph. We asked our teammates where they saw our industry heading in 2021. The following represents a narrative amalgamation of their responses. Bulls, bubbles, Bitcoin We have witnessed parabolic prices shortly after halvings, followed by multi-year long periods of bearish exhaustion, twice in the past decade. Signs seem to point to a continuation of this trend as we enter 2021. How high will everyo...
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BTC to Gold Exchange Rate Surges to New All Time High of 17 Ounces per Bitcoin

Bitcoin’s record-breaking rally is continuing into the new year with the bitcoin to gold exchange rate touching a new all-time high of 17.38 ounces per bitcoin. According to data from Marketwatch, the new high easily surpasses the all-time high recorded on January 01, 2021, of 10.74 ounces per coin. The new milestone comes as the digital set a new all-time of over $33k. The new record means it takes about 7 more ounces of gold or an equivalent of $13,855 for one to get a full BTC now than they did on January 1, 2017. Furthermore, the data shows that between December 1st and January 1, 2021, this exchange rate moved up by nearly 50% from 10.52 to 15.41 in favour of the digital asset. During the same period, gold remained almost static, gaining just 4.3% from 1811.51 to $1898.60 per ounce. From around the start of the last quarter of 2020, when Square Inc and Microstrategy kicked off the institutional investor embrace of bitcoin, the digital asset’s price has 200%. According to ...
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How massive Bitcoin buyer activity on Coinbase propelled BTC price past $32K

The price of Bitcoin surged past $32,000 as buyers on Coinbase aggressively accumulated BTC. Coinbase has seen a large spike in buyer activity overnight as the price of Bitcoin ( BTC ) surpassed $32,500 on Jan. 2. Analysts say the trend was reminiscent of MicroStrategy’s Bitcoin accumulation, possibly fueled by institutional buy orders. As a result, BTC surpassed $31,000, reaching a new all-time high. BTC/USD daily candle chart (Coinbase). Source: Tradingview Coinbase buyers were the catalyst for the Bitcoin rally In the last 48 hours, Coinbase has continuously seen a high premium compared to Binance. At one point, Bitcoin on the exchange was $100 more expensive than on Binance. When the price of Bitcoin surpassed $30,000, the premium reached as high as $350. For instance, when Bitcoin was trading at $30,000 on Binance, BTC was priced at $30,350 on Coinbase. Prior to the rally, CryptoQuant CEO Ki Young Ju said that low Coinbase outflows posed a risk to Bitcoin’s rally. He ...
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XRP enthusiasts seek to force White House’s hand on SEC suit

A longshot effort from the community hopes to solicit an official White House response As token prices plunge and Ripple prepares for court, a band of XRP enthusiasts have rallied around a petition that may force a White House statement on the recent SEC lawsuit alleging Ripple conducted an unregistered securities offering .  A petition filed on the White House-run We the People website titled “We the People ask the federal government to deem XRP, the virtual currency, a currency,” has now crossed 10,000 signatures. Created by the Obama administration in 2011, We the People allows users to create petitions that, upon reaching 100,000 signatures within 30 days, will prompt an official White House response. While many of the petitions are serious, the platform has been home to more than one lark: one of the most famous petitions called for the construction of a Death Star. The XRP petition, created by “J.W.”, calls for the SEC to “cease” its “frivolous” lawsuit, referencing a pr...
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Bitcoin Value Leaps Over the $31K Handle, BTC Sees an All-Time Price High in 2021

The price of bitcoin has crossed a new all-time high on Saturday morning (EST), spiking over $31k per coin. At around 8:43 a.m., bitcoin’s value climbed to $31,417 per unit with roughly $12 billion in global trade volume. Bitcoin (BTC) has surpassed the $31k price zone, and has jumped very close to the $32k range. At around 8:43 a.m. (EST), the crypto asset spiked to $31,417 per bitcoin reaching another all-time price high. BTC is up 5% during the last 24 hours, 15% for the week, 58% during the last month, and 187% for the 90-day span. Over the course of the last 12 months against the U.S. dollar, bitcoin ( BTC ) has gained 315%. At 8:43 a.m. (EST) bitcoin ( BTC ) touched an ATH of $31,417 on Bitstamp. The crypto asset’s hashrate on Saturday morning is hovering around 135 exahash per second with 18 mining pools dedicating hash at the Bitcoin blockchain. The mining operation F2pool captures 18% of the hashrate or 26.31 exahash per second. Lots of crypto supporters celebrated b...
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Bitcoin price quickly climbs to $31K, liquidating $100M of shorts

Bitcoin plays shorters for fools as a surge to $30,950 liquidates a huge number of risky positions. Bitcoin ( BTC ) passing $30,000 and hitting highs of near $31,000 has caused huge pain for traders betting on a bearish pullback. Cryptocurrency market overview. Source: Coin360 Data from Cointelegraph Markets , Cryptometer and TradingView confirmed that as BTC/USD peaked at $30,960 on Jan. 2, it liquidated $100 million of shorts. BTC shorters feel the burn... again Amid highly volatile conditions, Bitcoin attempted to crack $30,000 several times on New Year's Day and overnight before finally clinching the psychologically significant level on Saturday. BTC/USD 1-minute candle chart. Source: TradingView The move was accompanied by a bullish charge which soon took the largest cryptocurrency even higher, with press-time levels attempting to crack $31,000. While many celebrated, however, some were left far worse off than just minutes previously.  Liquidated short on XBT...
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