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Showing posts from June 19, 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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Bitmain Reveals New Scrypt Miner — Model Mines DOGE and LTC Four-Times Faster Than Today’s Top Machine

Regional reports from an exposition in Chengdu indicate Bitmain has unveiled a new scrypt ASIC rig for dogecoin, litecoin, digibyte, and verge mining. The Chinese reporter who disclosed the information says the new Bitmain model has a hashrate of around 9,500 megahash per second (MH/s) and overseas prices are reduced by 13%. Bitmain Unveils New Scrypt Miner With 9.5 Gigahash According to the Chinese journalist Colin ‘Wu’ Blockchain, Bitmain has revealed a new scrypt coin mining device that packs a lot more hashrate than the company’s previous model. Wu tweeted out the news on Saturday after Bitmain showed off the specifications at an exposition held in Chengdu. “On June 19th, Bitmain released the new Litecoin/Dogecoin mining machine L7,” the China-based reporter tweeted . “With a hashrate of 9,500 MH/s and 3425W, equivalent to 19 sets of L3+, and the price is $15,000, [the] overseas purchase price is reduced by 13%. The delivery time is November 2021,” he added. Moreover, Wu also ...
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Cornell Economist Says Bitcoin Has 3 Flaws Driving People to Search for Better Alternatives

Cornell University professor of economics and former head of the IMF’s China division, Eswar Prasad, sees three major flaws in bitcoin. Because of these flaws, the professor says that “bitcoin really has set off something of a search for a better alternative.” Cornell University’s Professor of Economics Outlines Bitcoin’s Flaws Cornell economics professor Eswar Prasad talked about bitcoin’s flaws in an interview with CNBC Thursday. Prasad is the Nandlal P. Tolani Senior Professor of Trade Policy and professor of economics at the Charles H. Dyson School of Applied Economics and Management at Cornell University. He is also a senior fellow at the Brookings Institution. He was previously chief of the Financial Studies Division in the research department of the International Monetary Fund (IMF) and, before that, was the head of the IMF’s China division. The first flaw concerns the energy usage in bitcoin mining, which Prasad said is “certainly not good for the environment.” The profess...
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Rich Dad Poor Dad’s Robert Kiyosaki Warns of ‘Biggest Crash in World History’ — Expects $24K Bitcoin Price

Robert Kiyosaki, the best-selling author of “Rich Dad Poor Dad,” has predicted the “biggest crash” in world history. He also expects the price of bitcoin to fall to the $24K level. Robert Kiyosaki Foresees Biggest Crash in History Coming Famous author and investor Robert Kiyosaki has predicted that the biggest crash in the history of the world is on the way. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. Over 32 million copies of the book have been sold in over 51 languages across more than 109 countries. Kiyosaki tweeted Friday: Biggest bubble in world history getting bigger. Biggest crash in world history coming. Buying more gold and silver. Waiting for bitcoin to drop to $24K. Crashes best time to get rich. However, Kiyosaki did not elaborate on how he came up with his BTC price prediction. When the price of bitcoin began falling substantially in May, the Rich Dad Poor Dad...
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Grayscale Considering 31 Crypto Assets for Investment Products

Grayscale Investments is considering 31 crypto assets to add to its family of investment products. The company, with $32.9 billion in crypto assets under management, currently offers investments in 13 cryptocurrencies. Grayscale Investments announced Friday 13 additional crypto assets it is considering for investment products. These cryptocurrencies add to the initial list of coins the company announced it was considering in February. The 13 additional crypto assets are 1inch (1INCH), bancor (BNT), curve (CRV), internet computer (ICP), kava (KAVA), kyber network (KNC), loopring (LRC), near (NEAR), polygon (MATIC), ren (REN), solana (SOL), universal market access (UMA), and 0x (ZRX). The crypto assets already in consideration are aave (AAVE), cardano ( ADA ), compound (COMP), cosmos ( ATOM ), eos ( EOS ), flow (dapper labs) (FLOW), makerdao ( MKR ), monero ( XMR ), numeraire (NMR), polkadot (DOT), reserve rights (RSR), stacks (STX), sushiswap (SUSHI), synthetix (SNX), tezos ( XTZ )...
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Figuring Out How Much Bitcoin Hashrate Resides in Mainland China Still a Mystery

Over the last few weeks, there have been many reports about crackdowns in China tied to bitcoin mining operations in various provinces. 30-day statistics show the hashrate has been fluctuating wildly, and across the last week it has slid downward roughly 26%. Reports Show Bitcoin Mining Crackdowns in Five Chinese Provinces Despite the slide, the top three mining pools in the world, which represent roughly 41% of the hashrate today, are considered Chinese mining pools. This doesn’t necessarily mean the mining pools actually host physical bitcoin mining facilities in mainland China, however. How much hashrate resides in China is the million-dollar question these days. Especially after Beijing’s crackdown on the mining industry and the following bans in a number of provinces. Five provinces in China have seen bitcoin mining bans. The mandates first appeared in Inner Mongolia, as reports surfaced during the first week of March 2021. Then on June 9, 2021, a report disclosed that sp...
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3 reasons why Ethereum may underperform Bitcoin in the short-term

Ether could take longer than 12 months to regain ground versus Bitcoin due to increased uncertainties surrounding the shift to ETH 2.0 and reservations from institutional investors. Ether ( ETH ) price outperformed Bitcoin ( BTC ) by 173% from March 28 to May 15. The incredible bull caused the token to reach a $4,380 all-time high. However, as cryptocurrency markets initiated a sharp drop on May 12, the trend started to reverse, and since then, Ether has underperformed by 25%. Some might say it is a technical adjustment after a strong rally. While this partially explains the move, it excludes some critical factors, including the fast advance of smart-contract network competitors and Bitcoin being adopted as an official currency for the first time. Ether / Bitcoin price at Binance. Source: TradingView Notice how the ETH/BTC ratio rallied again on June 8, reaching 0.77 despite Ether's price remaining 36% below its all-time high and ranging near $2,800. To understand what could...
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Bitcoin under threat, El Salvador rejected, Mark Cuban stung, McAfee ‘has nothing’: Hodler’s Digest, June 13–19

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   Hawkish Fed comments push Bitcoin price and stocks lower again The crypto markets had started the week with a spring in their step. Last Sunday, Elon Musk revealed that Tesla would be prepared to accept Bitcoin as a payment method again once it could be proved that 50% of the energy used by miners comes from clean, renewable sources. Traders reacted positively to the tweet, and there were green candles aplenty. Upbeat sentiment helped drive Bitcoin above $40,000 for the first time in over a fortnight. Unfortunately, though, it seems prices above this level were unsustainable. A new wave of selling reared its ugly head days later after Federal Reserve chairman Jerome Powell suggested that ...
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More Than Two Dozen Crypto ATMs to Be Installed in Texas-Based H-E-B Grocery Stores

H-E-B shoppers will soon be able to obtain digital assets at more than two dozen locations in Texas. Coin Cloud, a crypto automated teller machine (ATM) provider, says 29 H-E-B stores will feature kiosks that provide access to more than 30 crypto assets including defi tokens and stablecoins. H-E-B Stores in Texas to Host Coin Cloud Digital Currency ATMs 29 H-E-B locations will soon have cryptocurrency ATMs at their disposal. The machines will be provided by Coin Cloud, a digital currency ATM provider based in Las Vegas, Nevada. Coin Cloud calls its devices “digital currency machines” or “DCMs.” The company is set to reach 2,000 DCM installations after the H-E-B locations are complete. Besides H-E-B grocery stores, Coin Cloud has partnerships with the National Alliance of Trade Associations, United Natural Foods, Inc. (UNFI), and CAL’s Convenience Store. The DCMs are stretched across the United States and countries in South America as well. In the U.S., Coin Cloud has crypto machin...
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Data suggests the strong US dollar makes Bitcoin weaker argument is flawed

Analysts and traders are linking Bitcoin's bearish turn with the growing strength of the U.S. dollar, but data suggests otherwise. At the moment, there seems to be a general assumption that when the U.S. dollar value increases against other global major currencies, as measured by the DXY index, the impact on Bitcoin ( BTC ) is negative. For the past few weeks, analysts and influencers have been issuing alerts about this inverse correlation, which held true until March 2021. So I guess we're not all obsessed with $DXY anymore? Because it's looking super bullish & had provided an almost perfect inverse correlation for over a year. Either way we're about to find out if $BTC has matured to the point of being uncorrelated. ️ #Banks #Brrrr #Bitcoin pic.twitter.com/gequzmr6p2 — Alex Saunders ‍ (@AlexSaundersAU) February 2, 2021 What could be the trigger of #Bitcoin top? A #DXY bottom! And we may just have that around the corner! https://t.co/1Cy03QuMgb pic...
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Canada’s Hive Blockchain Technologies approved for Nasdaq listing

The Canadian miner with a focus on green energy should be available to trade in the coming weeks. While the SEC continues to slow-roll the listing of a Bitcoin ETF, traders on legacy exchanges eager to get some exposure to crypto will soon have another outlet.  In an announcement on Friday, Canada’s Hive Blockchain Technologies revealed that it has received approval to list shares on the Nasdaq stock exchange. Hive currently trades on the TSX Venture Exchange under the ticker HIVE.V, and focuses on both Bitcoin and Ethereum mining. HIVE is excited to announce today that it has received approval to list its common shares on the Nasdaq Capital Markets Exchange, where it will begin trading soon. HIVE will also retain its listing on the TSX Venture Exchange (TSX.V). pic.twitter.com/6XyEFfSCL4 — H I V E (@HiveBlockchain) June 17, 2021 Per Hive’s website, the company has a particular focus on green energy — an increasingly important topic to critics of crypto’s significant energy...
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Indian Rapper Raftaar to Be Paid in Cryptocurrency for Upcoming Performance in Canada

Indian rapper Raftaar is reportedly accepting cryptocurrency for his upcoming performance in Canada. “Nevertheless, I’ve finally taken the baby steps in this direction and all the credit goes to my manager, Ankit Khanna for making this dream a reality for me,” Raftaar said. Raftaar, an Indian rapper, lyricist, dancer, TV personality and music composer, made headlines this weekend for being the “first Indian artist to accept performance fee in cryptocurrency.” Raftaar’s real name is Dilin Nair. The performance for which Raftaar will be paid in cryptocurrency is a one-hour virtual event in Ottawa, Canada, for a private group of about 100 people. It is scheduled for the second week of July. “I’ve always been an ardent admirer of blockchain technology. I’ve always wondered why artistes and managers alike haven’t explored the potential of this disruptive medium,” Raftaar opined. “Nevertheless, I’ve finally taken the baby steps in this direction and all the credit goes to my manager, An...
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Indian ‘Crypto King’ Arrested by Narcotics Control Bureau — Wazirx Says Not Our User

India’s Narcotics Control Bureau (NCB) has arrested a Mumbai resident known as “crypto king,” who allegedly used bitcoin to purchase narcotics on the dark web. Indian cryptocurrency exchange Wazirx says the accused is not one of its customers. ‘Crypto King’ Arrested in India A Mumbai resident, Makarand Pardeep Adivirkar, also known as “crypto king” in the country’s underground drug circuit, has been arrested by India’s Narcotics Control Bureau (NCB). He allegedly used bitcoin to purchase drugs on the dark web that were delivered to India from Europe. Sameer Wankhede, director of the Mumbai Unit of NCB, explained that “In November 2020, a team of NCB Mumbai had seized 20 LSD blots from Kharodi Village in Malad,” local media reported. The director was further quoted as saying: The seized psychotropic substance was purchased from Europe by using bitcoin by a drug peddler from Mumbai. “His modus operandi was to receive cash, and provide bitcoins on marginal profits by using his wal...
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A RUNE with a view: How smart crypto traders caught a 48% price pump

THORChain and Kyber provide the perfect examples of how quant analysis and breaking news can help cryptocurrency investors to capitalize on volatile markets. Disparities in information access and data analytics tech are what give institutional players an edge over regular retail investors in the digital asset space. The core idea behind Markets Pro, Cointelegraph’s crypto intelligence platform powered by data analytics firm The TIE, is to equalize the information asymmetries that permeate cryptocurrency markets. Markets Pro bridges the gap with two world-class functionalities: the quant-style VORTECS™ score, and breaking NewsQuake™ alerts. The former is an algorithmic comparison of several key market metrics around each coin to years of historical data, which assesses whether at any moment the outlook for this asset is bullish, bearish, or neutral given the historical record of price action. NewsQuakes™ are automated notifications driven by an AI routine that monitors thousands ...
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