Skip to main content

Posts

Showing posts from January 30, 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...
Post a Comment
Read more

Bitcoin Cash Transactions Intensify, Daily Count Nears BTC, Big Blocks Help Clear Throughput

Just recently, the Bitcoin Cash community has been discussing the large number of transactions the network has been seeing on a daily basis during the last month. Statistics show that bitcoin cash daily transactions have been increasing every day since the last week of 2020. Bitcoin Cash miners have processed upwards of 300,000+ daily transactions on various days during the past week. The crypto economy and myriad of blockchain networks have been getting a lot more attention during the last few months. Not only has a number of digital assets jumped tremendously in value, but many of these tokens are seeing increased usage as well. More recently, Bitcoin Cash proponents have been noticing that the BCH chain is handling a whole lot more transactions than usual. Since the last week of December 2020, BCH transaction counts per day have steadily risen northbound and have come awfully close to matching the Bitcoin ( BTC ) network’s daily output. At the time of writing, onchain data ...
Post a Comment
Read more

Uniswap (UNI) and Compound (COMP) hit new highs as DeFi TVL reaches $27.6B

The governance tokens for Uniswap and Compound reached new 2021 highs as altcoins and DeFi tokens pushed higher today. On Jan. 30 Uniswap (UNI) and Compound (COMP) both rallied to new all-time highs as the entire DeFi sector continued to heat up . UNI soared to a new all-time high at $19.93 and COMP price did the same as it briefly traded at $340.  COMP/USDT 4-hour chart. Source: TradingView In the past 30 days the entire decentralized finance sector has been in a strong uptrend and data from DeFi Pulse shows the total value locked has soared from $16.43 billion on Jan. 2 to a new all-time high at $27.67 billion on Jan. 30. Total value locked in DeFi. Source: Defi Pulse The surge in COMP price follows the recent release of a new governance module and upgrade to the comp.vote interface which now allows community members to save on gas fees by voting by signature instead of on-chain transactions. DeFi becomes more attractive after the Robinhood debacle This week’s contr...
Post a Comment
Read more

World’s Largest Hedge Fund Bridgewater Has Crypto Plans — Founder Ray Dalio Calls Bitcoin ‘One Hell of an Invention’

The founder and chief investment officer of Bridgewater Associates, the world’s largest hedge fund firm, has clarified his view on bitcoin and cryptocurrency. Ray Dalio also reveals that he and his colleagues at Bridgewater “are intently focusing on alternative storehold of wealth assets.” Bridgewater Founder Ray Dalio ‘Greatly’ Admires Bitcoin Ray Dalio, founder and chief investment officer of Bridgewater, has clarified his view on bitcoin and revealed what his company has in store for cryptocurrency. With about $140 billion in assets under management, his hedge fund is the largest in the world. AICIO Magazine and Wired Magazine have called Dalio the “Steve Jobs of Investing,” and TIME Magazine has named him one of the 100 Most Influential People. In a research note published on the Bridgewater Associates’ website on Thursday, Dalio wrote: “I am writing this to clarify what I think of bitcoin. Please pay attention to what I am saying here and not what those in the media are saying...
Post a Comment
Read more

Pirate’s Treasure: How the World’s Leading Torrent Site Pirate Bay Amassed $4.5 Million in Bitcoin

The Pirate Bay has been the world’s most popular torrent web portal for the last eighteen years. Despite a few hiccups during that time, the site remains accessible via mirrors and proxy websites. In addition to remaining online, Pirate Bay has been accepting bitcoin for donations since 2013 acquiring more than $4.5 million worth since then. The Pirate Bay’s Bitcoin Stash Since 2003, when it was founded by the Swedish think tank Piratbyrån, the Pirate Bay has been the most popular, and perhaps the most beloved torrent website in the world. The web portal is basically an index of digital content hosted online so users can download, own, and seed the content via Bittorrent technology. Of course, in 2009, the Pirate Bay founders Gottfrid Svartholm Warg, Peter Sunde, and Fredrik Neij got into some trouble over copyright laws. While the founders dealt with prison sentences during that time, the Pirate Bay continued to operate and in 2013, the web portal announced it was accepting bitc...
Post a Comment
Read more

XRP price gains 86% after Wall Street Bets’ crypto wing says 'pump it'

XRP price rallied 86% as members of a Reddit-based investing group shifted their focus from Dogecoin. XRP price underwent a strong 86% breakout in the early trading hours on Jan. 30 as the fourth-ranked cryptocurrency by market cap became the new coin of focus in the r/Wallstreetbets cryptocurrency-focused off-shoot r/Satoshistreetbets.  Data from Cointelegraph Markets and TradingView shows that XRP rose from $0.28 to a peak at $0.51 before profit selling pulled the price back to $0.41. XRP/USDT 15 minute chart. Source: TradingView It appears that the antics of the past week which saw r/Wallstreetbets pump GameStop, AMC and Dogecoin (DOGE), have carried over into the weekend as Stellar (XLM) also saw its price pump in tandem with XRP. After rallying more than 800%, DOGE price is now down 71% from its recent all-time high of $0.078 on Jan. 29. Data from TheTIE also shows that the rally in XRP price coincided with a drastic jump in tweet volume. XRP price vs. Tweet vo...
Post a Comment
Read more

Visa reaffirms commitment to crypto payments & fiat on-ramps

The payments giant is bullish on stablecoins, but may be overlooking the potential of DeFi During the Visa Q1 earnings call on Thursday, chairman and CEO Al Kelly devoted a portion of his comments to reaffirming the financial giant’s commitment to crypto payments and onramps, as well as explaining “how Visa thinks about crypto in general and our approach.” The financial services firm with over $72 billion in assets as of 2019 has been aggressively pursing crypto payments as of late, including by way of partnerships enabling crypto debit cards , and investing Zap, a crypto payments startup . Additionally, earlier this month Visa was forced to abandon a $5.3 billion acquisition of payments platform Plaid on antitrust grounds. Thursday’s comments make it clear that Visa still has long-term plans in the sector, and that the company believes itself to be in an excellent position to pursue them. According to a transcript of the call, Kelly said “we believe that we are uniquely position...
Post a Comment
Read more

Why the crypto world needs to build an Amazon of its own

Amazon and eBay don’t appear to be in a hurry to start accepting crypto. Does the digital assets sector need to create a platform of its own? When Satoshi Nakamoto released  the whitepaper for Bitcoin , his vision was simple: Creating a form of electronic cash that enables payments to be sent without a bank’s involvement. Few could have anticipated how popular the cryptocurrency would end up being — let alone its impressive market cap of $635 billion. But Bitcoin’s success has largely hinged upon how this digital asset is often bought and kept for speculation.  According to a recent Binance survey, just 11% of those who own crypto use it to make payments. Amazon and eBay have shown little interest in rolling out support for digital assets, a move that would enable millions of users to spend their crypto freely. One long-standing irony lies in how you can buy pro-Bitcoin shirts on both of these platforms… but only in cash. Waiting around for these e-commerce titans to em...
Post a Comment
Read more

Crypto Fund Manager Charged in $5M Ponzi Scheme, Facing up to 30 Years in US Prison

A cryptocurrency fund manager has been charged in a U.S. federal court. He allegedly took over $5 million from investors interested in investing in his crypto funds, promising them high returns. In reality, he was running a Ponzi scheme and is now facing up to 30 years in prison. Crypto Fund Manager Arrested for Running a Ponzi Scheme The U.S. Department of Justice (DOJ) announced Tuesday that Jeremy Spence has been arrested and charged in Manhattan federal court in a fraudulent cryptocurrency scheme. The 24-year-old from Bristol, Rhode Island, is also known as “Coin Signals.” Spence is “a cryptocurrency trader who solicited funds for various cryptocurrency funds that he operated, with commodities fraud and wire fraud offenses,” the DOJ described, adding: Spence took cryptocurrency worth over $5 million from more than 170 individual investors after making false representations in connection with these cryptocurrency funds. U.S. Attorney Audrey Strauss explained that the defenda...
Post a Comment
Read more

Traders, influencers lick their wounds after vicious Dogecoin dump

A speculative wave is now receding, and more than one trader regrets the ride. After a pump that highlighted the power of crowd mania and meme magic, Dogecoin has tumbled nearly 40% in a retreat from $.06 Friday highs, falling as low as $.033 this morning.  For the influencers and Wall Street Bets refugees who joined in on the rise — many of whom were taking their first ride on what’s known to be a notoriously volatile chart — the price action reversal has been especially harrowing. Doge doing what it does best, welcoming people into crypto with a huge slap in the face. https://t.co/0GpiKe4B8U — RyanJK (@RJ_Kunz) January 30, 2021 Just yesterday, Dogecoin made history for cracking the top 10 cryptoassets by marketcap for the first time since 2015. The currency named after a dog meme that was started as a joke was propelled to such lofty heights on the back of similarly record-breaking social media volume , according to analytics provided by The TIE .  While some tied ...
Post a Comment
Read more

Bitcoin price chart shows 'Elon Musk' pump was an outlier — So what happens now?

The price of Bitcoin has shown weakness after failing to clear $38,000 Bitcoin ( BTC ) has seen a very volatile week, as the price of Bitcoin jumped around from $32,000 to $38,500 and back toward $33,000 in a matter of 24 hours.  The initial spike to $38,500 happened in minutes after Elon Musk added #Bitcoin to his Twitter profile . However, no follow-up of that price movement was seen on the charts as Bitcoin dropped substantially in the following hours . Currently, the $34,500 area is a significant resistance zone to break through if the market wants to sustain the bullish momentum. Failure to break $38,000 causing dropdown XBT/USD 4-hour chart. Source: TradingView The levels that are critical to watch are highlighted in the chart above. Simply put, $38,000 must break for the rally to continue. Flipping this level for support opens the door to new all-time highs. However, the surge couldn’t be sustained yesterday. After the $38,000 level's failure, the $34,000 level co...
Post a Comment
Read more

Federal Court Rejects Motion Filed by Crypto Developer Virgil Griffith to Dismiss Charges on Aiding North Korea

A U.S. federal judge has rejected a motion filed by a former Ethereum Foundation developer over allegations of assisting North Korea to bypass sanctions. Prosecutors claim, Virgil Griffith, aided the regime by providing critical information on cryptocurrencies. Prosecutors Say Griffith’s Speech Was About the Use of Cryptos to Circumvent Sanctions Per Law360 , a jury is now set to determine if Griffith violated the International Emergency Economic Powers Act by giving a speech at the Pyongyang Blockchain and Cryptocurrency Conference in 2019. Kevin Castel, a U.S. District Judge, denied Griffith’s motion because the “short and vague” four-page indictment lacked specific details of his alleged criminal actions. He further commented on the matter: Examining the indictment in light of the parties’ arguments, the court concludes that it provides adequate notice of the charges against Griffith sufficient to enable him to prepare for trial and, if it becomes necessary, plead double jeopa...
Post a Comment
Read more

BTC billionaire Tim Draper to Elon Musk: I'd buy the Tesla Cybertruck with Bitcoin

Tim Draper, the billionaire Bitcoin investor who is also an early investor in Tesla, reacted to Elon Musk's Bitcoin moment. Tim Draper, the billionaire Bitcoin ( BTC ) investor who also invested early in Tesla, reacted to the company's CEO and world's richest man , Elon Musk, adding #Bitcoin to his Twitter bio to join the likes of Twitter CEO Jack Dorsey and Reddit co-founder Alexis Ohanian. Draper, who holds around 30,000 BTC according to reports , told Musk that he would like to pay for the Tesla cybertruck with BTC while promoting his Bitcoin payment processor portfolio company OpenNode. He said : “Hi Elon Musk, I would like to buy a Tesla cybertruck. Although I personally would rather keep my own #bitcoin, you can accept #bitcoin through our Draper VC company OpenNode.” Why now? On Jan. 29, Bitcoin proceeded to rally by 14% in merely 30 minutes shortly after Elon Musk's Bitcoin support began circulating on social media.  Many speculated that Musk could have ...
Post a Comment
Read more

To see eye-to-eye? Crypto industry should start embracing regulation

Now it’s up to the crypto industry itself to start engaging with and accepting regulations. Since the exuberant crypto bull run of 2017, regulators have increased their activity in the industry. United States governing bodies such as the Securities and Exchange Commission, the Department of Justice and the Commodity Futures Trading Commission have all pursued various types of legal enforcement.  From December 2020, there has been an even further regulatory push, including a proposal from the Financial Crimes Enforcement Network aimed at heightened crypto wallet overwatch . What do crypto industry players think of regulation at present? Dean Steinbeck, co-founder of Horizen Labs, told Cointelegraph that, indeed, in conjunction with increasing institutional involvement, “notices from entities such as the SEC, OCC, IRS and FinCEN have become more regular.” He added: “Over the recent few months, we’ve continued seeing an increase in institutional adoption of Bitcoin/cryptocurrency ...
Post a Comment
Read more

Regulatory sandbox and DeFi boom: How Spain pushed crypto adoption despite the pandemic

A summary of the events that marked 2020 in the Spanish crypto space and opinions from different people of the industry who lived it from the inside. The year 2020 will go down in history for how the COVID-19 pandemic affected the Spanish economy. Beyond that, however, there have been important events from a governmental and regulatory point of view, as well as those related to private companies and the adoption of cryptocurrencies.  Cointelegraph en Español is presenting you a summary of the events that marked last year as well as highlights from various representatives of the local crypto ecosystem and opinions on what the industry can expect in 2021. January Eurocoinpay asks the Spanish Minister of Economic Affairs to regulate cryptocurrency. February In an interview on Feb. 14, the general secretary of AEChain states that the financial sector is where blockchain is being developed the most in Spain. The FinTech & InsurTech Spanish Association presents a Wealth...
Post a Comment
Read more